The State Bank of Vietnam (SBV) has asked commercial banks to tighten control over credit card payments to prevent the improper use of credit cards.
Several banks have recently announced they would recruit a large number of personnel to meet their business expansion plans in the last quarter of the year - the busiest time for banks.
Vietnam’s central bank is worried foreign ownership of up to 90 percent in large fintech firms could lead to market manipulation.
Moody's Investors Service said in a new report released on Monday that its stable outlook for Viet Nam's banking system reflects the country's robust economic performance, which will support asset quality and profitability.
Viet Nam needs a proper legal framework for financial technology (fintech) services, a State Bank of Vietnam official said on August 20.
The country’s insurance sector has targeted a growth rate of 20 per cent this year, according to the Viet Nam Insurance Association.
Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 per cent per year with the aim of mobilising long-term capital.
Shinhan Bank Vietnam Limited, or Shinhan Bank, has inaugurated four new branches and transaction offices in the cities of Danang, Hanoi and Haiphong and in Binh Duong Province.
Moody’s Investors Service has assigned a stable outlook to the Vietnamese banking system, given the country’s robust economic growth, which will support asset quality and profitability.
Blockchain technology can be used in many different fields of modern economics, especially banking activities, banking expert Can Van Luc has said.