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Huge challenges awaiting digital banking

Huge challenges awaiting digital banking

Rising number of Internet users and mobile phone subscribers is smoothing the way for digital banking in Vietnam to thrive, but huge challenges keep lying ahead, according to insiders.

VN banks handle $898.4 b through e-payments in Q1

VN banks handle $898.4 b through e-payments in Q1

Vietnam's interbank e-payment system handled 37 million transactions worth nearly VND21 quadrillion (US$898.4 billion) in the first quarter of the year, up 23 per cent and 17.8 per cent respectively compared to 2018, according to the State Bank of Vietnam (SBV).

Plan to build smart public restrooms underway in HCM City

Plan to build smart public restrooms underway in HCM City

Ho Chi Minh City is expected to have more standardized public restrooms as a private company behind a pilot project to ‘modernize’ public toilets in the southern metropolis has successfully installed four such facilities under a pilot scheme.

Central bank urges ATM withdrawal limits at night

Central bank urges ATM withdrawal limits at night

The State Bank of Vietnam (SBV) has asked credit institutions and banks to impose limit on cash withdrawal at their automatic teller machines (ATMs) at night, in a bid to protect themselves and their clients.

Vietnam strives to reduce cash payment proportion

Vietnam strives to reduce cash payment proportion

The Vietnamese Government plans to reduce the cash payment proportion to less than 10% by 2020 and 8% by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.

SBV to continue flexibly managing monetary, fiscal policies

SBV to continue flexibly managing monetary, fiscal policies

The State Bank of Vietnam (SBV) will continue managing monetary policy in an active, cautious and flexible manner and combine with other fiscal and macro-economic policies to control inflation, ensure credit institutions’ liquidity, stabilise monetary and foreign exchange markets.

SBV wants ATMs to run efficiently before Tet

SBV wants ATMs to run efficiently before Tet

The State Bank of Vietnam (SBV) has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tet (Lunar New Year) holiday, when there is high demand for cash transactions.

Cashless economy target too high: experts

Cashless economy target too high: experts

The Prime Minister recently ratified a project to stimulate non-cash transactions in 2016-20 with a view to reducing the cash transactions rate to under 10%.

HCM City ensures sufficient Tet goods

HCM City ensures sufficient Tet goods

VOV.VN - Ho Chi Minh City is preparing a large quantity of goods, thereby meeting half of market demands during Tet (Lunar New Year festival).

BIDV wins best retail bank award 2016

BIDV wins best retail bank award 2016

he Bank for Investment and Development of Vietnam (BIDV) has been the only bank to receive the Best Retail Bank title of the 2016 Vietnam Outstanding Banking Awards.

Gov’t policy must spur e-payment: MoIT

Gov’t policy must spur e-payment: MoIT

Vietnam should develop breakthrough policies to create momentum for the further development of electronic payments to meet the growth of e-commerce, said Pham Nguyen Minh, Director of the Institute for Trade Research and Development under the Ministry of Industry and Trade.

Indian banks get US$44 billion of old-currency notes in four days

Indian banks get US$44 billion of old-currency notes in four days

Indian banks received 3 trillion rupees (US$44.4 billion) of 500- and 1,000-rupee notes over the last four days, the Finance Ministry said on November 13, after the government announced it would withdraw such bills to crack down on corruption.