Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.
Electronic health insurance card allows the patient to be verified with biometric information quickly and accurately, helping save patients from showing bunch of papers at hospitals.
Commercial banks in Vietnam will initially replace some 21 million magnetic ATM cards with chip cards beginning May 28, as the State Bank of Vietnam (SBV) has ordered issuing banks to convert their 75 million ATM cards to new chip cards.
Moody’s Investors Service has assigned first-time Ba3 deposit and issuer ratings to Vietnam Bank for Agriculture and Rural Development (Agribank).
This year is a very important time for the digital economy of Vietnam, when the gig economy will take a bigger slice of the cake.
Under a new regulation, commercial banks will have to switch 30 percent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality.
The Government has issued measures to boost non-cash payment methods in the country this year.
Four days into the first instance trial, the People’s Court in the Mekong Delta province of Ben Tre gave Malaysian national Chong Ngai Fong and his six accomplices a total of 48 years in prison for their fraudulent activities using fake ATM cards.
The People’s Court of the northern province of Quang Ninh on October 22 began the first-instance trial for four Chinese nationals under the charge of “using a computer network, telecommunications network, or electronic device to appropriate property”.
VOV.VN - While the proportion of the national economy driven by cash transactions remains immense, experts believe that there will be a major shift toward using cashless payments in the coming time with drastic measures taken by the Government.
The State Bank of Vietnam (SBV) has required credit institutions and branches of foreign banks in the country to limit cash withdrawal at their automatic teller machines (ATMs) at night.
Commercial banks have yet to be allowed to hike fees for ATM cash withdrawals, the State Bank of Vietnam (SBV) announced on July 10.
After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.
The State Bank (SBV) said the process of converting 70 million magnetic cards into chip cards needs to be accelerated to prevent Vietnam from becoming the favorite destination for card crimes.
Prime Minister Nguyen Xuan Phuc has agreed with the Ministry of Transport’s proposal to host the 25th ASEAN Transport Ministers’ Meeting (ATM), the ATM with dialogue partners and related meetings in 2019.
Police in the central resort town Nha Trang in Khanh Hoa Province have detained a Russian man for trying to break into an ATM in the town's backpacker area.
The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34% against the previous year.
To better prepare for Tet (Vietnamese Lunar New Year), the biggest holiday of the year, the State Bank of Vietnam (SBV) and authorities where industrial zones locate have taken several solutions to deal with ATM overload.
Total outstanding loans by commercial banks in HCM City in 2017 rose 18.5% from 2016 to more than VND1.74 quadrillion (US$76.73 billion), according to the State Bank of Vietnam’s HCM City branch.
Twenty e-wallet service providers have opened since since the State Bank began licensing the service two years ago. But only several million people are using e-wallets.