Finance ministry sets targets for banking system

Finance ministry sets targets for banking system

The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.
Making an impact in fintech sector requires knowledge, says leading FCPA

Making an impact in fintech sector requires knowledge, says leading FCPA

The fintech landscape is changing at lightning speed, according to Ashish Verma FCPA (Aust.), head of finance, IT, and commodities for Kirby South East Asia.
Nascent model of open banking entices institutions

Nascent model of open banking entices institutions

Financial institutions are placing premiums on open banking services following global trends – but the cutting-edge implementation is fraught with obstacles owing to a flimsy legal framework.
Engaging extensively to support credit institutions

Engaging extensively to support credit institutions

Global inflationary pressure is attributed to the synergies of large-scale economic stimulus packages and an urgent concern that Vietnam must address given the country’s high level of economic openness. Standing Deputy Governor of the State Bank of Vietnam, Dao Minh Tu, spoke with VIR’s Hong Dung about the banking sector’s efforts to foster economic development and the measures that have been put in place to help the country prosper.
BAC A BANK to launch fresh corporate banking app version

BAC A BANK to launch fresh corporate banking app version

On January 21, BAC A BANK will make the debut of its latest corporate banking app version with many changes in design and function, making it more convenient for users with laptops and mobile phones.
Equalising access to banking

Equalising access to banking

Vietnam's very first digital banking platform, Timo has rapidly evolved since 2015 to become the No.1 digital bank in the market. Henry Nguyen, CEO of Timo Digital Bank talked with Bich Ngoc about the company’s strategy to cooperate with different partners to co-develop the still fledgeling field in Vietnam.
Digital transformation in banking: Riding the waves of disruption

Digital transformation in banking: Riding the waves of disruption

Digitisation has taken centre stage and is now part of almost every conversation, whether in a business or social setting. The digital transformation we are experiencing is impacting every area of our lives; it is changing the way we do things, the way we interact with one another, and the way businesses operate.
Basel III -  the journey continues in Vietnam

Basel III - the journey continues in Vietnam

In recent years, the banking system has experienced many strong transformation trends such as digital transformation, process automation, and strong investments in information technology. Alongside with these innovations, banks have also devoted considerable resources to enhancing the risk management foundation towards leading practices. In Vietnam, some pioneering banks have proactively piloted Basel III and Basel IV standards in order to stay competitive and ensure a sustainable growth.
Tax aid comes as relief for businesses

Tax aid comes as relief for businesses

Vietnam’s tax agencies and banking groups are taking more drastic concerted efforts to buttress the domestic economy and foster resilience against the current wave of COVID-19 infections.
NAB acquires Citi consumer banking business in Australia in a $882.24 million deal

NAB acquires Citi consumer banking business in Australia in a $882.24 million deal

National Australia Bank (NAB) was reported to be buying the consumer banking subsidiary of Citi to create the second-largest credit card provider in Australia.
Banking stability playing key role in economic health

Banking stability playing key role in economic health

The first half of this year has come and gone, with a very interesting case on why banks still bear fruit with upbeat business results during a difficult time for the economy.
Be Group partnering up with VPBank to launch Cake digital bank

Be Group partnering up with VPBank to launch Cake digital bank

Be Group and VPBank have officially introduced Cake digital bank, a new solution for e-banking.
Strategies to suit banking’s challenges

Strategies to suit banking’s challenges

The overall picture of the banking industry in 2020 and into 2021 has revealed both strengths and weaknesses. At the end of the third quarter, data from the General Statistics Office (GSO) showed that credit growth of the entire industry in our country reached 5.12 per cent after nine months, corresponding to less than 40 per cent of the annual growth plan from the beginning of the year.
Banking partnerships maintain rapid pace

Banking partnerships maintain rapid pace

Foreign insurers are vying with each other to grab a bigger slice of Vietnam’s robust insurance market, demonstrated by their aspiration to tie the knot with both local and international banks operating in the country.
Regional banks need to accelerate ESG efforts amid improvements in sustainability

Regional banks need to accelerate ESG efforts amid improvements in sustainability

Banks in the region still have large gaps that leave their portfolios vulnerable to risks arising from climate change and natural loss.
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