Banks urged to use latest IT
(Nov 30, 2015)
Domestic commercial banks need to give top investment priority to
information technology if they want to develop better retail banking
Twenty years after coming to Viet Nam, Visa has announced it has crossed the five million card mark in the country.
TPBank announced yesterday that it would provide preferential loans to small- and medium-sized enterprises (SMEs).
State Bank of Viet Nam would further formulate policies to support
efficient small- and medium-sized enterprises and those manufacturing
and exporting products.
The Bank for Investment and Development of Viet Nam (BIDV) opened a representative office in Taipei yesterday.
The Bank for Agriculture and Rural Development (Agribank) has reported
an unexpected achievement in handling non-performing loans (NPLs) for
the past three years.
Though non-performing loans (NPLs) of commercial banks have dropped,
their potentially irrecoverable debts have surged significantly,
according to bizlive.vn.
The Ministry of Finance has instructed commercial banks to completely
stop over-the-counter tax payments and work with tax agencies to
implement online tax payments by the beginning of December.
The banking sector has experienced dramatic changes this year but has
more reform is needed, delegates heard at the Viet Nam Retail Banking
The Joint Stock Commercial Bank for Foreign Trade of Viet Nam, or
Vietcombank, suspended the service that allows money transfers to
foreign cardholders via its ATMs on November 12.
The inspectorate body of the State Bank of Viet Nam has conducted 6,555
inspections on credit institutions in the past five years and uncovered
many violations in the banking sector.