banks to issue chip cards in place of 21 million magnetic strip cards

Banks to issue chip cards in place of 21 million magnetic strip cards

Seven banks will start issuing ATM chip cards that meet EMV standards to replace magnetic strip cards in collaboration with the National Payment Corporation of Viet Nam starting from May 28.
israeli companies seeking co operation in vietnamese fintech

Israeli companies seeking co-operation in Vietnamese fintech

Six leading Israeli fintech companies came to Vietnam to attend the “Fintech – accelerating digital transformation through AI & Automation Technologies” seminar, joining around 100 representatives from firms, banks, and insurance companies from Vietnam.
banks need further administrative reforms conference

Banks need further administrative reforms: conference

More administrative reform is needed in the banking industry to make it easier for businesses and individuals to get credit, experts told a conference in HCM City on Thursday.
citi awards top 10 vietnamese banks for payment excellence

Citi awards top 10 Vietnamese banks for payment excellence

Citi Vietnam, part of global financial services multinational Citigroup, has just announced the winners of the Citi Excellent Straight Through Processing Award 2018 to reinforce and recognise client banks that have been meticulous in their efforts in conducting international payment services.
banking forum 2019 transformation needed for banks sustainable growth

Banking Forum 2019: Transformation needed for banks’ sustainable growth

Experts at the recent "Banking Forum 2019" in Hanoi has reached a consensus in urging banks to focus on transformations to boost internal strength and achieve sustainable growth.  
forum on development of vietnamese banks sector

Forum on development of Vietnamese banks sector

The banking forum “For Vietnamese banks further development” held by the State Bank of Vietnam and Saigon Times took place on Wednesday, May 8, 2019 in Hanoi, focusing on restructuring the banking system, monetary policies, and digital applications amidst the Fourth Industrial Revolution as well as discussing more effective approaches for the future advancement of Vietnamese banks.
vietnamese banks target more overseas markets

Vietnamese banks target more overseas markets

Vietnamese banks are stepping up plans to expand their markets globally instead of focusing only on the Indochina region.
sbv urges the use of state budget for banks capital hikes

SBV urges the use of State budget for banks’ capital hikes

The State Bank of Viet Nam (SBV) has continued to urge relevant ministries to revise legal frameworks in order to allow large State-owned commercial banks to use the State budget for their capital increases.
horea offers proposals to help real estate firms access long term bank loans

HoREA offers proposals to help real estate firms access long-term bank loans

The HCM Real Estate Association (HoREA) has suggested the State Bank of Vietnam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.
string of banking shareholders meetings on one day

String of banking shareholders' meetings on one day

The financial statuses and business performance of nine banks were published on April 26 at their shareholders' meetings.
mortgage requirements stand between small companies and bank loans

Mortgage requirements stand between small companies and bank loans

Small- and medium-sized enterprises are unable to borrow from banks because they do not have property to mortgage, Tran Viet Anh, deputy chairman of the HCM City Business Association, has said.
businesses borrow money from banks rather than issue bonds

Businesses borrow money from banks rather than issue bonds

The government’s decree 163, with loosened requirements on bond issuance, is expected to encourage businesses to seek capital from bond issuance and rely less on bank loans.
avalanche of credit programmes to support smes and individuals

Avalanche of credit programmes to support SMEs and individuals

Southern banks are deploying a raft of major credit programmes in anticipation of burgeoning capital requirements from individuals and businesses in the upcoming months.
vietcombank pwc cooperate on digital banking transformation

Vietcombank, PwC cooperate on digital banking transformation

Vietcombank and PwC Consulting Vietnam have officially kicked off Vietcombank’s Digital Banking Transformation project today in Hanoi. This is considered a pioneering project of its kind among large commercial banks in Vietnam.  
20 banks and vamc to be audited for bad debts performance

20 banks and VAMC to be audited for bad debts performance

The State Audit Office of Vietnam (SAV) will audit the accounts of Vietinbank, BIDV, VAMC, and 18 other joint-stock commercial banks for their performance in resolving bad debts.