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The time is right for fintech firms

The time is right for fintech firms

A typical characteristic of the 4.0 industry revolution is the faster diffusion and larger coverage of new technologies, as well as the higher speed in realizing innovative ideas.

Non-cash payment method gets popular

Non-cash payment method gets popular

Non-cash payment has gradually become a trend in Vietnam as cash-used expense saw a remarkable reduction, according to the State Bank of Vietnam’s Payment Department.

E-commerce sales to reach US$1.3 bn by 2015

E-commerce sales to reach US$1.3 bn by 2015

(VOV) -Vietnam’s e-commerce market is expected to earn US$1.3 billion in revenue by 2015, announced the Vietnam E-commerce and Information Technology Agency (VECITA).

Hanoi conference promotes banking services

Hanoi conference promotes banking services

Vietnamese and foreign bankers are gathering in Hanoi on May 23-24 to discuss technology transformation towards effective banking governance and high quality services for the banking sector.

One-fifth of Vietnamese have bank accounts

One-fifth of Vietnamese have bank accounts

About 20 percent of the population in Vietnam use banking services, with non-cash payments accounting for 14 percent of the total payments made, said Bui Quang Tien, Director of the Payment Department under the State Bank of Vietnam (SBV).