Vietnam Banks Association
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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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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Banks must prepare to respond to non
Risk management has become an extremely important task for all banks.
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Secretary General of the ASEAN Bankers Association visits the VNBA
During the business trip to Vietnam, Mr. Paul Gwee, Secretary General of the ASEAN Bankers Association (ABA) paid a visit to Vietnam and had a discussion with the Vietnam Banks Association (VNBA) on August 18, 2023. Dr. Nguyen Quoc Hung, VNBA’s Vice Chairman cum Secretary General and representatives from VNBA’s departments received and talked to him.
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Bankers proposed resolution to support firms, people
The Vietnam Banks Association (VNBA) has suggested the Government submit a request to the National Assembly for a resolution to support firms and people to overcome difficulties and promote business development like they did during the COVID-19 pandemic.
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Consumer Finance Club (Vietnam Banks Association) shared experience of fraud prevention
On the morning of July 14, the Consumer Finance Club (Vietnam Banks Association) held a conference called "Sharing experiences on prevention, control fraud and agreeing on a plan to build Blacklist database of finance companies”.
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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.
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Banks still perform well amid pandemic-caused difficulties
Banks’ pre-tax profits this year will remain relatively positive but are yet to be sustainable as banks haven’t set up contingency reserves for restructured debts.
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Detailed policies needed to help firms get loans
Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.
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Pandemic spurs digital banking transformation, helps create new services
he pandemic has forced the banking sector to speed up digitalisation and contactless banking, said Nguyễn Quốc Hùng, general secretary of the Vietnam Banks Association during an online conference on the digitalisation of banking and finance in Việt Nam on Thursday.
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Banks again urge telecoms operators to cut SMS fees
Telecoms operators still have not cut charges for SMS services in banking, even though the banks have proposed reductions several times
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Vietnam Banks Association urges Visa, Mastercard to reduce fees
The Vietnam Banks Association (VNBA) has urged international card organisations Visa and Mastercard to reduce several types of fees on Vietnamese banks as the fourth wave of COVI-19 pandemic in Vietnam has seriously affected the lives and production of people and businesses.
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Airline industry at breaking point as virus strikes again
Vietnam’s airline industry is facing its worst crisis yet amid the COVID-19 pandemic, an online conference on financial solutions to keep the industry afloat heard on August 2.
