About 67% of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus).

VOV.VN - The Vietnamese Government identified building an e-Government towards a digital government, a digital society, and a digital economy as one of its top priorities toward a comprehensive digital transformation until 2030.

VOV.VN - Vietnam’s economy will recover on the back of solid growth achieved in the first half of 2021 after the lockdown is lifted, Dorsati Madani, Senior Economist at the World Bank (WB) Vietnam, has said.

VOV.VN - The nation’s transaction value of economic concentration will be between US$4.5 billion and US$5 billion this year, with this figure likely to reach US$7 billion by next year.

The Government has issued a resolution to create a sandbox for financial technology (fintech) in the country’s banking sector.

Vietnamese consumers expect a seamless banking experience when it comes to opening an account via a mobile app or website, with two in five expecting to answer 10 questions or less or they will abandon the process. One out of six Vietnamese will drop out if asked more than five questions.

The State Bank of Vietnam (SBV) on September 7 issued a circular directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.

The deposit interest rates at major banks has continued to decrease since the beginning week of September.

Telecoms operators still have not cut charges for SMS services in banking, even though the banks have proposed reductions several times.

Vietnam should promote investment to revive its economy and strengthen its ability to respond to new risks despite its success in dealing with a crisis caused by the COVID-19 pandemic.