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banking

OceanBank to be renamed MBV

OceanBank to be renamed MBV

Ocean Commercial One Member Limited Liability Bank (OceanBank) will be renamed Việt Nam One Member Limited Liability Bank (MBV) from December 18 if approval is given by the State Bank of Việt Nam, Military Commercial Joint Stock Bank (MB) has...
Credit growth accelerates to reach 12.5 per cent

Credit growth accelerates to reach 12.5 per cent

SBV’s deputy governor Đào Minh Tú says latest credit growth figures show that year end target is achievable.
MSB, SmartOSC team up to adopt BackbaseEngagement Banking Platform

MSB, SmartOSC team up to adopt BackbaseEngagement Banking Platform

This milestone marks a pivotal step in MSB’s journey toward customer-centric modernisation, advancing its digital factory, and delivering seamless experiences that drive financial innovation in Việt Nam.
Smart banking emerges as more than just a technological trend

Smart banking emerges as more than just a technological trend

In 2024, smart banking is evolving beyond a mere technological trend. It is becoming a strategy for sustainable development that fosters collaboration among banks to share experiences, learn and grow together.
Vietcombank triumphs at Asian Experience Awards 2024 with Call API solution

Vietcombank triumphs at Asian Experience Awards 2024 with Call API solution

Vietcombank was honoured at the Asian Experience Awards in Singapore, receiving the prestigious "Customer Experience of the Year - Banking" award from The Asian Business Review for its innovative Call API technology solution.
ABBANK, Maybank bolster strategic cooperation

ABBANK, Maybank bolster strategic cooperation

An Bình Commercial Joint Stock Bank and shareholder Malayan Banking Berhad (Maybank) have signed an MoU to enhance strategic cooperation, focusing on supporting ABBANK’s transformation and capacity building.
New policy promotes green banking development in Việt Nam

New policy promotes green banking development in Việt Nam

The State Bank of Vietnam is aiming to make it easier to access green capital for green projects to encourage all credit institutions to participate.
Bad debts kept rising in first five months of 2024

Bad debts kept rising in first five months of 2024

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94 per cent, higher than the 4.55 per cent at the end of 2023
Sacombank honoured again at Asian Banking and Finance Retail Banking Awards

Sacombank honoured again at Asian Banking and Finance Retail Banking Awards

For the sixth year in a row Sacombank won the prestigious Asian Banking and Finance Retail Banking Awards given away by The Asian Banking and Finance Magazine.
Majority of banks apply ESG practices in operations

Majority of banks apply ESG practices in operations

Thị Thanh Tùng, Deputy Director of the SBV’s Department of Credit for Economic Sectors, said nearly 50 per cent of banks have established a risk management division for environment protection lending.
Compulsory e-signature might be a cost burden: banking association

Compulsory e-signature might be a cost burden: banking association

The Việt Nam Banking Association has advised the Ministry of Information and Communications that e-signatures should not be compulsory right now due to the cost implications.
Central bank works on protecting banking service users

Central bank works on protecting banking service users

At a workshop on solutions to protect bank customers held in Hà Nội, SBV Deputy Governor Phạm Tiến Dũng said the banking industry has made continuous efforts and closely coordinated with relevant ministries and branches in the digital transformation process,...
Techcombank ushers in a new era of AI-powered banking

Techcombank ushers in a new era of AI-powered banking

Techcombank started a new era of AI-powered banking at its inaugural Techcombank Keynote event in Hà Nội on Friday as the bank accelerates its journey to become a leading bank in Việt Nam with innovative digital and data-led solutions for...
Policy on security in online banking service provision drafted

Policy on security in online banking service provision drafted

The online banking system must ensure the confidentiality and integrity of customer information and the availability to provide services continuously.
Updating biometrics on the banking app remains difficult, report some customers

Updating biometrics on the banking app remains difficult, report some customers

Biometric verification will be mandatory for new mobile banking users and large transactions, but many users report difficulties updating their data by the July 1 deadline.