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Cashless Day 2025: “Non-Cash Payment: Promoting the Digital Economy”
On June 2, 2025, a press conference to announce the “Cashless Day 2025” with a theme of “Non-Cash Payment: Promoting the Digital Economy” was organized under the direction of the State Bank of Vietnam (SBV) and Ho Chi Minh City People's Committee, with the SBV Payment Department, the Banking Times, and the Tuoi Tre Newspaper being the key implementing agencies, in collaboration with Ho Chi Minh City’s Department of Industry and Trade and the National Payment Corporation of Vietnam (NAPAS).
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VNPAY achieves international-standard security certification
VNPAY has become the first company in Vietnam, and the 26th globally, to achieve MPoC (Mobile Payments on Commercial Off-The-Shelf) security certification, the latest international standard for mobile payments, for its PhonePOS payment solution.
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Crypto clarity could offer fresh investment channels
Recognising cryptocurrency and building a comprehensive legal system will not only help Vietnam access foreign currency but also create an alluring environment for domestic businesses.
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Pilot policy to set up digital asset tax framework
Amid the complexity of tracking transactions on digital asset exchanges, Vietnam is drafting policies to collect personal income tax on such traders.
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Sandbox for digital assets in Vietnam: if not now, when?
Vietnam has emerged as one of the world’s most dynamic cryptocurrency markets. According to various reports, the country has consistently recorded over $100 billion in annual crypto inflows from 2022 to 2024, surpassing its foreign direct investment multiple times.
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Digital banks navigate evolving landscape
Vietnam's digital banking sector continues to gain momentum in 2025, driven by rapid adoption of AI, the race to profitability, and fierce competition.
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The ideal time for a new financial hub
The establishment of an international financial centre in Ho Chi Minh City is a vital step amid Vietnam’s rapidly evolving economy. Truong Bui, managing director for Roland Berger in Vietnam, analyses the city’s role as the nation’s premier economic and financial hub.
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Banks to comply with biometric verification
Foreign banks operating in Vietnam must complete the biometric verification requirement for transferring funds to personal accounts, with all banks aiming to make verification mandatory for corporate clients this year.
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NAPAS organized 2025 mission implementation conference
On January 14, 2025, the National Payment Corporation of Vietnam (NAPAS) successfully organized the "2025 Mission Implementation Conference". The event welcomed the participation of Mr. Pham Anh Tuan – Director of the Payment Department of the State Bank of Vietnam (SBV).
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AI Applications in Banking: Optimizing Operational Efficiency, Enhancing Customer Experience
On January 10, 2025, in Hanoi, the Vietnam Banking Association in collaboration with NVIDIA and GreenNode organized a workshop: "Promoting the AI Revolution in Finance - Banking: Solutions from NVIDIA and GreenNode" to help members enhance the application of artificial intelligence (AI) to improve operational efficiency, optimize customer experience and enhance competitiveness in the context of strong digital transformation.
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AI will be a game-changer in banking and finance
Innovation is happening in every corner of the financial services industry. According to the Gartner 2025 CIO Agenda, the biggest expected changes in technology investments are generative AI with 39 per cent, cybersecurity/information security with 34 per cent, and AI with 33 per cent.
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Sacombank earns top international security certification for 11th consecutive year
Sacombank has achieved the Payment Card Industry Data Security Standard (PCI DSS) certification at the highest level with version 4.0, marking the 11th consecutive year it has been recognised for its safety and security in the card sector.
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2024 sees $1.41 billion in fintech funding so far
ASEAN fintech funding totalled $1.41 billion in the first three quarters of this year, constituting four per cent of global fintech funding.
