vn banks handle 8984 b through e payments in q1

VN banks handle $898.4 b through e-payments in Q1

Viet Nam's interbank e-payment system handled 37 million transactions worth nearly VND21 quadrillion (US$898.4 billion) in the first quarter of the year, up 23 per cent and 17.8 per cent respectively compared to 2018, according to the State Bank of Viet Nam (SBV).
south korea a strategic partner for vietnams fintech development

South Korea, a strategic partner for Vietnam's fintech development

Vietnam is seeking for opportunities to grow its fintech market from foreign direct investment (FDI), and South Korea is by far one of the most promising strategic partners to boost fintech innovation thanks to its large number of commercial banks operating in Vietnam.
irrecoverable debts make up more than half of bad debts

Irrecoverable debts make up more than half of bad debts

Irrecoverable debts kept increasing in 2019’s first three months and currently account for more than 50 per cent of the 22 banks’ bad debts.
brokers banks and energy firms lift market

Brokers, banks and energy firms lift market

Vietnamese shares advanced on Monday morning, driven by securities firms, banks and petroleum companies.
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.