Following a recent data breach at the National Credit Information Centre (CIC) and a surge in online scams, Vietnamese banks are stepping up cross-sector collaboration to protect financial data.

Four Vietnamese commercial banks have become members of the International Finance Corporation’s (IFC) Alliance for Green Commercial Banks, a global initiative to accelerate sustainable finance and green banking practices across emerging markets.

Fifteen Vietnamese banks have been named among the world’s top 500 banking brands recently announced by the global leading brand valuation consultancy Brand Finance, according to the Vietnam Banks Association.

The State Bank of Vietnam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment cooperation activities to prevent external risks.

Despite low interest rates, bank deposits have reached a new historic peak of VND16 quadrillion (US$628.5 billion) as of the end of March, according to the latest data from the central bank.

Credit ratings agency Fitch Ratings has recently revealed upgrades for several banks, in the wake of its decision to raise Vietnam's national credit rating to BB+ with a long-term outlook of "Stable".

The foreign exchange rate has significantly fluctuated recently but experts forecast the rate in the remaining months of 2023 will not be under great pressure as in 2022.

VOV.VN - Popular mobile payment service Apple Pay officially debuted in Vietnam on August 8.

A number of Vietnamese banks are grabbing the interest of foreign investors who are major banks or financial groups.

VOV.VN - A total of five local banks have been included in this year's Forbes list of the world’s 2,000 largest firms.