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Banking services

Credit institutions expect positive demand for banking services

Credit institutions expect positive demand for banking services

According to credit institutions, the liquidity of the banking system in the second quarter of 2023 remained solid and was more abundant than in the first quarter.
Need to lower SMS banking services fees: VBA

Need to lower SMS banking services fees: VBA

Fees for SMS banking services are currently three times higher than standard text charges. Banks are encouraging customers to shift to using digital banking services to help reduce cost while keeping bank fees low for customers. Dr. Nguyen Quoc Hung,...
Bank lending interest rates have bottomed

Bank lending interest rates have bottomed

Interest rates on the interbank market have been rising relentlessly, with the overnight interest ratebeing hiked five timesin less than a month.
Shinhan Bank, Van Lang University become partners

Shinhan Bank, Van Lang University become partners

Shinhan Bank and Van Lang University last week signed a deal to offer modern financial and banking services to students, lecturers and staff, and help develop a high-quality training system at the university.
Central bank plans to pilot fintech regulatory sandbox

Central bank plans to pilot fintech regulatory sandbox

The State Bank of Viet Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021.
Providers urged to lower banking service SMS charges

Providers urged to lower banking service SMS charges

The Viet Nam Telecommunications Authority has urged telecom companies to lower charges for banking services via SMS for local banks so they can cut fees and promote cashless payments.
Banks maintain normal operations during national social distancing

Banks maintain normal operations during national social distancing

Banking services would remain available to meet the transaction demands of businesses and individuals, according to the State Bank of Viet Nam (SBV).
Banks offering more and more free deals

Banks offering more and more free deals

This is a far cry from two years ago, when charges were placed on electronic services in a bid to increase bank revenue.
Sacombank unveils promotions for corporate customers

Sacombank unveils promotions for corporate customers

Sacombank is simultaneously offering a number of promotions on fees and charges to corporate customers using online banking services, current accounts, international payments, bank guarantees, and loans.
Banks earn huge services profits

Banks earn huge services profits

Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
Sacombank unveils promotions for corporate customers

Sacombank unveils promotions for corporate customers

Sacombank has launched a programme called 4.0 Enterprise Bank with preferential fees and promotions worth around VND2 billion (US$85,574) to corporate customers using online banking services.
Banks services revenue leaps 35%

Banks’ services revenue leaps 35%

Income from services of most of Viet Nam’s commercial banks surged sharply by an average of 35 per cent annually in the past three years.
Fees, retail services to be banks main income

Fees, retail services to be banks’ main income

Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands.
Banks expect higher profits from retail banking services

Banks expect higher profits from retail banking services

Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.
Vi Viet records 2 million users

Vi Viet records 2 million users

Vi Viet e-wallet, a LienVietPostBank’s online banking services recorded more than two million customers and a network of some 16,000 transaction points as of Friday after over a year of launching.