A leading financial company that caters to millions of Vietnamese people scooped almost a dozen awards in 2018 alone, highlighting its strong standards in innovation and Fintech application in the consumer finance industry.
Mitsubishi UFJ Financial Group on Thursday named Calvin Nguyen head of global corporate banking for its commercial banking arm MUFG Bank in Vietnam.
Given the increasing competition among consumer finance companies, those who want to win the game ought to make their products and services stand out from the pack and deliver superior customer experience. Going digital is one of the approaches that help simplify products and shorten the lending process, ensuring a win-win situation for both customers and the businesses themselves.
Some banks are putting assets secured with non-performing loans worth hundreds of billions of Vietnamese dong up for auction in the first days of the Lunar New Year to speed up the resolution of bad debts.
The State Bank of Vietnam set the daily reference exchange rate at 22,905 VND per USD on February 12, up 10 VND from the previous day.
The Fourth Industrial Revolution and technologies like the Internet of Things and Big Data are taking the world by storm. As Vietnam increasingly integrates into the global economy, their implications on the country’s development are inevitable. Nguyen Tri Hieu, economist and senior financial expert, told VIR’s Dinh Thuy about Vietnam’s current standing and the challenges that might impede the country from reaping the benefits from these technologies to drive the local finance and banking sector’s development.
State budget revenue was estimated at a total of VND144.6 trillion (US$6.15 billion) in January, representing a rise of 7.5 per cent over the same month of 2018.
The Viet Nam Prosperity Commercial Joint Stock Bank (VPBank) was the only private Vietnamese bank named in the list of the world’s 500 most valuable bank brands for 2019, recently announced by Brand Finance.
The Vietnam Bank for Agriculture and Rural Development (Agribank) must resolve all non-performing loans kept at the Viet Nam Asset Management Company (VAMC) soon, said deputy PM Vuong Dinh Hue.
On the first working day after the nine-day Lunar New Year 2019 holiday (February 2-10), a number of banks launched promotions to attract depositors.