News
Cashless payment develops rapidly in VN amid security concerns
Non-cash payments continue to grow rapidly in Việt Nam, requiring a focus on ensuring payment security, a representative of the State Bank of Việt Nam said at a press conference on Cashless Day 2024 held on Tuesday in HCM City.
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Training course "Framework of credit contracts and loan security contracts according to the provisions of the Civil Law"
Currently, credit contracts and loan guaranted contracts are mostly based on the templates prepared by credit institutions thus making asymmetry between the borrowers and the credit institutions.
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SBV announces appointment Decision of Deputy Director General of Payment Department
On April 10, 2024, the State Bank of Vietnam (SBV) held a ceremony to announce the SBV Governor’s Appointment Decision of Deputy Director General of the Payment Department. The ceremony was attended by Deputy Governor Pham Tien Dzung, together with representatives of the Personnel Board of the SBV’s Party Committee, the Human Resources Department, and all of the officials and staff of the Payment Department.
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VNBA and Ant Group discuss on digital transformation training
On the morning of April 11, 2024, in Hanoi, the Vietnam Banking Association (VNBA) received a delegation of Ant Group led by Ms. Charosporn Om Chalermtiarana (Ms. Om), Senior Advisor on Government Relations (in charge of Thailand and Vietnam) of Ant Group.
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Card payment market: New trends of risks and frauds
On the morning of April 8, 2024, at the headquarters of the Vietnam Banks Association (VNBA), Vice Chairman and General Secretary Nguyen Quoc Hung received a delegation of Visa International service Association led by Ms. Dang Tuyet Dung, Visa Country Manager for Vietnam &Laos.
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Future of digital banking hinges on data security: experts
Data security and privacy play a pivotal role in the digital transformation of the finance and banking sector, according to experts.
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'Buy now, pay later' poses risk if left uncontrolled
Although "Buy now, Pay later" (BNPL) - a type of financing that allows consumers to make purchases and pay for them over time - is growing in popularity in Vietnam, experts worry it could pose some financial risks if left uncontrolled.
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ATMs being "sluggish" in terms of digital transformation
At least 95 per cent of banks in Việt Nam are actively implementing digital transformation.
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Banks spend some $662mln on digitization
Daily transactions now reach 8 million, with a cash value of some $38 billion, as banks pay greater focus to digital transformation.
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BIDV Thanh Do announces the selection of asset auction organization
Joint Stock Commercial Bank for Investment and Development of Vietnam - Thanh Do Branch announces the selection of asset auction organization as follows:
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Vietcombank brings Apple Pay to customers
A safer, more secure and private way to pay with iPhone, Apple Watch, iPad and Mac
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Mobile phone, QR code payments soar in popularity
Electronic and cashless payments saw significant increases in Vietnam in the first half of this year, with internet transactions growing by 76% in volume and 1.79% in value.
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Vietnam’s Banking Execs Call for Open Banking Framework
In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution.
