financial services

Update news financial services

ADB, Switzerland aid fintech development in Vietnam

The Asian Development Bank and the State Bank of Vietnam held a kick-off ceremony marking the implementation of the Swiss-funded $5mil technical assistance, which aims to nurture financial technologies serving financial inclusion improvement in VN.

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. 

G20 to jointly fight bank sector hacking

The world's biggest economies will pledge to jointly fight cyber attacks on the global banking system, one of the biggest coordinated efforts yet to protect lenders 

Vietnamese stock market targets stability, no growth in 2016, SSC chairman

 VietNamNet Bridge – Chairman of the State Security Commission of Vietnam (SSC) Vu Bang has said that the goal of Vietnamese stock market for this year is stability in stead of growth because of many negative impacts abroad.

Overseas remittances free from income tax

 VietNamNet Bridge – Overseas remittances are now free from income tax, the State Bank of Viet Nam has confirmed on its website, following government directions to facilitate overseas Vietnamese sending money home.

Mergers defy economic downturn

VietNamNet Bridge – Mergers and acquisitions have been on the rise in Viet Nam since 2008 in terms of both value and number of deals despite the economic downturn,

EU on verge of bridging pre-summit gulf on banks watchdog

 European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone banks, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode.