VOV.VN - Cash remains the dominant payment method in Vietnam amidst rising alternative electronic means of payments, according to a newly-released report by Standard Chartered.
Vietnamese consumers are carrying less cash as they use credit and debit cards more frequently, a new study says.
VISA, the leader in digital payments, on September 19 announced that it has experienced strong electronic spending growth in Vietnam, with the number of transactions on its network increasing by 45% compared with the previous year and payment volume up nearly 37% (from June 30, 2017, to June 30, 2018).
Vietnamese can trade in yuan at the border with China, the State Bank of Vietnam has decreed.
The derivatives market proved its attractiveness when the value of transactions in this market rose threefold in April, when the stock market posted a downward trend, according to the Saigon Securities Inc. (SSI).
The State Bank of Vietnam (SBV) has instructed all banks to improve safety of their money transactions after the Ministry of Public Security issued an international warrant for a fugitive bank executive for allegedly misappropriating nearly US$11 million from a customer.
This year’s merger-and-acquisition movement is coming to a somewhat quiet close in terms the fourth quarter of completions, but deals that have been stuck in due diligence or with approvals are finally moving forward.
US President Donald Trump’s announcement of tightening control over money outflows from the US, gave rise to concerns over possible impacts on inward remittance flows to Vietnam. Financial expert Huynh Trung Minh scrutinises the issue.
Real estate transactions stalled in February due to the Lunar New Year holiday, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
To aid Thai investors doing business abroad, Kasikorn Bank has become the first bank to accommodate transactions in all the currencies of the ASEAN+3 grouping.
The director of an agriculture firm in Ho Chi Minh City has accused a local bank of allowing employees to abet scammers in draining more than US$1 million from her account without consent.
A recent incident involving a state-bank cardholder who had VND500 million (US$22,300) in her ATM account withdrawn overnight has become a case study as to whether an OTP, or a one-time password, in Internet banking is really safe.
The Maritime Bank is operating as usual with ensured liquidity, the State Bank of Vietnam (SBV) has confirmed.
The home purchase prices inched up in April, particularly the cost of houses in Hanoi, according to the Department of Housing and Real Estate Market Management under the Ministry of Construction.
Vietnamese investors are expecting more transactions from State-owned enterprises’ (SOE) equitisation rather than by private/family firm owners, Grant Thornton Vietnam’s latest survey said.
The State Bank of Vietnam (SBV) on January 4 set the daily central rate for the dong/dollar at VND21,896, the very first day it adopted a new management mechanism in the hope of giving more flexibility to the foreign exchange rate.
Vietcombank, Vietnam's top listed lender by market value, has put an end to the ATM and money transfer services for foreign cardholders due to difficulty in overseeing these transactions, the lender has said.
Vietnam's currency, the dong, has strengthened against the US dollar this week after the central bank's recent regulations on tightening foreign currency transactions.
Although supply has recently surged, there is not likely to be a real estate bubble in Vietnam, said CBRE’s Operational Director Richard Leech at a press conference in Hanoi on September 29.
A court in central Vietnam on September 14 sentenced a man to 4 years in prison for using stolen IDs to appropriate US$11,502 from online payment transactions between US-based Square Company and a customer.