The payment agent model not only benefits banks and customers but also brings positive impacts to banks'' partners by indirectly providing additional financial services to help diversify the products and services that these retailers provide.
As one of the first banks invited to present at the event, SHB highlighted its comprehensive digital offerings tailored for administrative and public sector units, aiming to accelerate the digitalisation process across Việt Nam''s financial system.
State Bank governor Nguyễn Thị Hồng explained that the changes are necessary in light of rapid technological advancements and the increasing ease of banking transactions, which have made sudden mass withdrawals more likely.
The transition from a ‘brown’ to a ‘green’ economy is not an easy task, as to reach the net zero goal by 2050, Việt Nam needs a huge capital of nearly US$360 billion.
The Director of the SBV’s Payment Department, Phạm Anh Tuấn, said that, after four years of implementation, the digital transformation of the banking sector has achieved encouraging results
According to the SBV, it has finalised a draft circular regulating the activities of subsidiaries and affiliates of credit institutions involved in debt management and asset exploitation, which will shortly be open for public comments.
SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."
Leveraging AI in producing sustainability information may enhance efficiency, accuracy and also strategic decision making, a banking and finance forum has been told.
The rebranding follows the bank’s formal transfer to Vietcombank and reflects its new positioning as a technology-driven bank serving a broader range of customers, particularly those new to banking.
The National Payment Corporation of Vietnam (NAPAS), in collaboration with Mastercard, officially launched Việt Nam''s first co-badged card with six leading banks, including Agribank, BIDV, TPBank, Nam A Bank, PVcomBank and Vikki.
According to the current regulations, the share ownership cap by an institutional shareholder in a credit institution is reduced from 15 per cent to 10 per cent and for an individual and his/her related parties from 20 per cent to...
