As one of the many enterprises honoured this year, state-owned BIDV has been recognised within the Vietnam Value Programme for its efforts in fintech and user experience, with the bank offering multiple applications for its customers to conveniently use in everyday life.
Third quarter business results show that most banks have reported profit growth in the first nine months of the year.
The Covid-19 pandemic has speeded up the banking sector’s awareness of digitisation by three to five years and forced lenders to accelerate the process to survive and grow.
Sacombank has partnered with Visa, the global leader in payments technology, to deploy the ‘Tap to Phone’ technology that enables merchants to use their mobile phones or tablets as a point of sale device for contactless payments without the need for additional devices or peripherals for the first time in Viet Nam.
On November 25th, 2020, Generali Vietnam Life Insurance LLC (Generali Vietnam) implemented the “Sát cánh bên miền Trung” (Standing Side By Side With Central Vietnam) emergency relief program with the total fund of VND6.5 billion.
After a lengthy eight-year negotiation process, the Regional Comprehensive Economic Partnership was finally signed just over a week ago. Now, banks from all 15 member countries spanning the Asia-Pacific region are demonstrating their dedication to bolstering post-pandemic economic growth.
The Ministry of Finance has submitted a draft amendment to the Government on relaxation of tax for the fertilizer industry, which will eventually help domestic enterprises to increase competitiveness with imported fertilizers. However, this new tax amendment may not be beneficial to all fertilizer businesses in Vietnam.
Shinhan Bank Vietnam has officially announced its application of Pillar 2 of Basel II on its internal capital adequacy, as prescribed in Circular No.13/2018/TT-NHNN of the State Bank of Vietnam (SBV).
Citi Vietnam has just been awarded a Certificate of Merit by the Vietnamese prime minister for its achievements in digital banking in Vietnam. It also recognised Citi’s role in supporting the development of the Vietnamese banking system and economic progress in the country.
The International Finance Corporation (IFC) and the APEC Business Advisory Council (ABAC) – with support from the State Bank of Vietnam and the Swiss Secretariat for Economic Affairs (SECO) – co-organised the eighth APEC Financial Infrastructure Development Network (FIDN) Conference on November 26, 2020.