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VNLIFE bags$300 million investment from Softbank and GIC

28-07-2019 10:52

Dealstreetasia reported VNLIFE’s representatives as saying that Japan-based Softbank Vision Fund and Singapore-based sovereign wealth fund GIC have committed to proposing investment deals of $200 million and $100 million, respectively, to further the growth of the firm.

Foreign currency lending abolished – impact on enterprises

19-07-2019 14:47

Enterprises can borrow money in Vietnamese dong (VND) and then purchase foreign currency for payment when they need the capital to import input materials, say commercial banks.

Cashless payments record strong growth

11-07-2019 13:00

The number of non-cash payments in Vietnam has steeply risen so far this year.

Citi’s unbroken commitment to Vietnam’s progress

09-07-2019 15:00

By the time the United States normalised diplomatic relations with Vietnam in 1995, Citi already had a representative office in Hanoi. In 1994, Citi became the first US financial institution to be given a branch license, and it opened its first branch in Hanoi.

Commercial banks provide loans for green energy projects

03-07-2019 10:42

Commercial banks are offering more low-interest loans with long repayment terms for household solar-energy projects.

Local cybercrime threats on the rise

26-06-2019 09:55

Though the quick advancement of fintech has helped cashless payments increase in Vietnam, it has also created a fertile land for cyber-criminals to exploit. Luu Phuong reports.

E-wallets’ latest converts: HCM City street vendors

25-06-2019 08:53

From morning to early afternoon Nguyen Van Chiem in HCM City’s District 1 is bustling with food vendors selling breakfast and lunch and customers coming to eat.

Cashless payment remains low in Vietnam

25-06-2019 08:40

The ratio of cashless payments in Vietnam remains low at only 11.49 per cent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).

Banks boost retail lending for solar energy

25-06-2019 08:15

Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives.

Razer and Visa join forces to transform payments in Southeast Asia

25-06-2019 08:14

Razer, the leading global lifestyle brand for gamers, and Visa, the world’s leader in digital payments, have announced a first-of-its-kind partnership that will transform payments in the gaming industry by bringing the scale and reach of Visa’s global network to Razer Pay e-wallet users.

Visa helps prevent nearly $25 billion in fraud using AI

25-06-2019 08:13

As the world leader in digital payments, Visa has just announced new analysis showing that Visa Advanced Authorisation, a comprehensive risk management tool using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud, making the global payment ecosystem safer for retailers and consumers.