Featured topics
Wave of digital payments surges at Sóng Festival 2025
The two-day festival, part of the fifth Vietnam Card Day campaign, is designed for young people to experience digital payments and technology, with all transactions fully cashless.
-
Vietnamese banks block 300,000 suspicious transactions worth $57mn in fraud crackdown
Vietnamese banks have blocked nearly 300,000 money transfers flagged as potentially fraudulent, worth about VND1.5 trillion (US$57 million), said the State Bank of Vietnam (SBV).
-
Completing the cross-border QR code payment Handbook
On July 23, 2025 in Hanoi, Vietnam Banks Association (VNBA) held an important meeting to complete the draft Handbook on providing, operating and using cross-border QR Code payment services. The meeting was chaired by Dr. Nguyen Quoc Hung, Vice Chairman cum General Secretary of VNBA, with the participation of representatives of many credit institutions. This is an important step in building a clear and practical legal and technical framework to promote international electronic payment in Vietnam.
-
More than 86 million bank accounts to be terminated from September 1
The SBV stated that the deletion of over 86 million bank accounts was considered a system cleanup measure.
-
Shinhan Bank: Modified Terms & Conditions for consumer credit card and debit card
Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) would like to express our sincere thanks for your having trusted and used our Card products during the last time.
-
TCB, Mobifone and One Mount Group establish digital payment company
Mobifone, Techcombank and One Mount Group recently contributed capital to establish a digital payment company with a capital of 300 billion VND.
-
Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
-
VNBA and Visa hold quarterly meeting
On June 25, 2025, the Vietnam Banks Association (VNBA) held a regular meeting for the second quarter of 2025 with Visa International Card Organization. At the meeting, Visa updated new solutions being deployed in the global market, including strategic solutions in the Vietnamese market.
-
VIB introduces PayFlex in first implementation of Visa VFC technology
Vietnam International Bank (VIB) is introducing VIB PayFlex, an innovative financial feature developed on the Visa Flexible Credential (VFC) technology, allowing VIB Visa cardholders to make flexible payments from two funding sources – credit and debit accounts – using a single credential, enabling smarter financial control and maximizing rewards.
-
Shinhan Bank and Visa collaborate to promote payment solutions for SME
Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Visa International (“Visa”) participate in the “Cashless Day 2025” program with the theme “Cashless payment promotes digital economy”.
-
Vietnam enhances regulatory framework to promote cashless payments
Vietnam is enhancing its regulatory framework and policies to promote cashless payments as part of its strategy to develop a more digital economy.
-
Visa Asia Pacific announces new era of AI-driven commerce
The future of commerce in Asia-Pacific was on display at the Visa Asia Pacific Media Showcase, where the company announced a suite of product innovations and strategic partnerships to enable a new era of commerce for the region.
-
SHB presents payment solution at Banking Digital Transformation event
As one of the first banks invited to present at the event, SHB highlighted its comprehensive digital offerings tailored for administrative and public sector units, aiming to accelerate the digitalisation process across Việt Nam's financial system.
