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Vietnam > Finance

Banking expert backs Mobile Money

19/01/2019 20:56 | 0 comments

Nguyen Tri Hieu, a banking expert, has thrown his support behind a plan by the Ministry of Information and Communications to pilot Mobile Money, which allows consumers to make payments via their telecom accounts, saying that it can help track the origin of money and thus prevent money laundering, news site Vietnamplus reported.

Vietnam > Finance

HCMC banks competing for remittance recipients ahead of Tet

19/01/2019 20:52 | 0 comments

HCMC-based banks are launching promotional programs to attract recipients of remittances which normally surge before the Lunar New Year holiday, or Tet, Nguoi Lao Dong newspaper reported.

Vietnam > Finance

FE Credit scores hat-trick of solid growth over three years

19/01/2019 20:45 | 0 comments

The overall consumer credit market slowdown in 2018 could have sent FE Credit in to slower growth, but the consumer finance company expects to conclude the year with rather upbeat results, whilst preparing for a gentler pace (in percentage terms), but more sustainable growth in the years ahead.

Vietnam > Finance

VIB’s pre-tax profit skyrockets in 2018

19/01/2019 20:32 | 0 comments

Vietnam International Bank (VIB)’s pre-tax profit recorded a significant yearly growth of 95 per cent to more than VND2.74 trillion (US$118 million) in 2018, the bank announced on Thursday.

Vietnam > Finance

Lenders boost consumer loans at year-end

19/01/2019 20:30 | 0 comments

Both finance companies and banks are promoting consumer lending to capitalise on high demands ahead of the country’s largest holiday Lunar New Year (Tet).

Vietnam > Finance

Vietnam set to trial payments via mobile accounts

17/01/2019 14:08 | 0 comments

Vietnam will trial a mobile payment program to increase its cashless payment rate.

Vietnam > Finance

Tuoi Tre newspaper proposes designating June 16 as ‘Cashless Day’

17/01/2019 08:28 | 0 comments

Tuoi Tre (Youth) newspaper, one of the leading dailies in Vietnam, has suggested celebrating ‘Cashless Day’ on June 16 every year as a way to promote non-cash payment in the Southeast Asian country.

Vietnam > Finance

MoMo announces record-breaking growth in 2018

17/01/2019 08:21 | 0 comments

MoMo cements its position as the number one e-wallet and digital financial services platform in Vietnam with another year of record-breaking growth in 2018 on the back of the Series C investment led by Warburg Pincus, a leading global private equity firm.

Cambodia > Finance

SME Bank set to launch later in 2019

17/01/2019 08:02 | 0 comments

SME Bank, the Kingdom’s new bank with an initial capital of $100 million that’s set to provide financing for small and medium enterprises (SMEs), is expected to launch later this year as funds are already in place for activation, a senior finance ministry official said on Tuesday.

Cambodia > Finance

Acleda Bank, CBC ink business partnership

16/01/2019 14:04 | 0 comments

Acleda Bank Plc and Credit Bureau Cambodia (CBC) on Tuesday inked a business partnership to provide financial health check services, which allow clients from financial institutions to check their own credit history at Acleda Bank.

 
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