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Vietnam to have 50 million e-wallets in 2024: Report

From 2018 to 2023, the number and value of transactions through e-wallets consistently grew at double-digit rates, with annual growth rates of 80.4% and 83.5% respectively.

Domestic credit cards have ample room for growth: experts

There is still ample room for domestic credit card (DCC) growth since the number of DCC holders is relatively low in Vietnam, according to experts at a seminar on DCCs held on Friday.

70% of VN adults use banking services but many lack access to credit

According to the State Bank of Vietnam, by 2020, 70% of adults in Vietnam had a bank account, but nearly half of them did not have access to credit. 

Central bank plans to pilot fintech regulatory sandbox

The State Bank of Viet Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021.


Banks maintain normal operations during national social distancing

Banking services will remain available to meet the transaction demands of businesses and individuals, according to the State Bank of Vietnam (SBV).

Electronic know your customer/client holds key to digital banking

The banking sector is waiting for the State Bank of Viet Nam to allow the use of electronic know your customer/client (e-KYC).

Gov’t report: Over 450 SOEs rearranged

 VietNamNet Bridge – The Government has rearranged 464 State owned enterprises, including 404 equitized over the past years, Deputy PM Nguyen Xuan Phuc told legislators on Monday.

Banking industry gears up for ASEAN

Vietnam banks have been in a restructuring mode lately as part of their attempt to get the banking system in shape for the Association of Southeast Asian Nations economic integration at the end of the year,

Bankers add new fees for card services, as customers cry foul

VietNamNet Bridge – Banks have begun charging fees on the card services, which has met public opposition.

Clients angered as banks boost fees

 VietNamNet Bridge – Many commercial banks are raising their fees, but the quality of their services has not kept pace.

Banks reluctant to develop banking services

 VietNamNet Bridge – Non-credit services have never been the main source of income of banks, even when the lending gets stuck now.