return icon Vietnamnet.vn

Vietnam among world’s best performers in digital banking: Official

Vietnam is among the world’s best performers in digital banking, with around 15 trillion VND in total poured into digital transformation, said Le Anh Dung, Deputy Director of the State Bank of Vietnam’s Payment Department.
Vietnam among world’s best performers in digital banking: Official hinh anh 1




Banks have undergone digital transformation in a much shorter time frame in the wake of COVID-19, with both the sector and customers profiting greatly from the process, Dung said.

Secretary-General of the Vietnam Banks’ Association (VBA) Nguyen Quoc Hung said the banking industry is a pioneer in digital transformation. Many major banks, such as VP Bank, Techcombank, MB and HD Bank, have begun the process relatively early, reaping very encouraging results, he noted, adding that the Current Account Savings Account (CASA) has expanded 40 – 50%, resulting in a considerable surge in profit for the banks.

A survey by the SBV shows that 95% of the Vietnamese banks have developed a strategy for digital transformation and stayed active in adopting new technologies, including cloud computing and big data, in order to digitalise and upgrade its IT system and deliver better digital services, according to Dung.


Economist Dr. Pham Xuan Hoe highly spoke of the central bank’s efforts to push for the digital transformation progress, saying it has acted promptly to enhance regulatory framework, with the adoption of policies in payment intermediaries and credit cards, among others.

Citing the fact that 95% of payment and deposit transactions are made digitally, Hoe said that is why Vietnam, a developing country, has been regarded by a number of international organisations as one of the best performers in digital banking.


Source: VNA

MORE NEWS

Su-30MK2 fighters perform at Vietnam International Defence Expo 2022

The Vietnam Air Force's Su-30MK2 fighters and Mi helicopters made an impressive performance at the opening ceremony of the Vietnam International Defence Expo 2022 at Hanoi's Gia Lam Airport on December 8.

France supports decentralized cooperation with Vietnam, says Gerard Larcher

The Senate of France supports decentralized cooperation between France and Vietnam, considering this a key programme in the Senate’s working agenda, Senate president Gerard Larcher told NA chairman Vuong Dinh Hue during talks in Hanoi on December 8.

VIETNAM BUSINESS NEWS DECEMBER 8

Business association helps connect Vietnamese, Malaysian firms

PM’s Europe trip spreads message about strongly recovering Vietnam

Prime Minister Pham Minh Chinh’s trip to attend the ASEAN-EU Commemorative Summit and visit Luxembourg, the Netherlands, and Belgium from December 9 to 15 will extend a message of a strongly recovering Vietnam

VIETNAM NEWS HEADLINES DECEMBER 8

PM’s trip to elevate Vietnam – EU to new height: diplomat

Vietnam changes rapidly after 25 years of Internet connection

The decision to connect to the Internet 25 years ago was a brave act, showing a long-term vision, contributing to comprehensive changes in the country, experts said at the 25th anniversary of Vietnam's Internet and Internet Day 2022 on December 7.

Policies needed to ensure sharing economy development is on-track

Sharing economy was not only creating opportunities to increase income but also opening up a new and flexible market, thereby creating a growth engine and increasing productivity for micro, small and medium – sized enterprises.

Some businesses are still paying high dividends

While many enterprises are facing difficulties, some plan to spend trillions of VND to pay dividends and buy treasury stocks.

Vietnamese box office smash to premier in Australia

According to Box Office Vietnam, The Girl from the Past has generated revenue of VND53 billion (US$2.2 million) after debuting in Vietnamese cinemas.

French Senate President arrives in Hanoi, beginning official visit to Vietnam

French Senate President Gérard Larcher arrived in Hanoi on December 8 morning, beginning an official visit to Vietnam at the invitation of National Assembly Chairman Vuong Dinh Hue.

Vietnamese film to compete at Golden Globe Awards

“Dem Toi Ruc Ro”, known as “The Brilliant Darkness” in English, a movie on domestic violence by American director Aaron Toronto, features in this year’s list of Golden Globe Awards’ nominees.

PM attends inauguration of Vietnam International Defence Expo 2022

Prime Minister Pham Minh Chinh and military officers pressed buttons inaugurating the Vietnam International Defence Expo 2022 at Gia Lam airbase in Hanoi on December 8.

Money borrowers face black credit traps on online lending apps

A lot of money borrowers have been recently cheated on online lending applications which seem to ask for simple procedures at first but then claim cut-throat interest rates.

Young scientist becomes first Vietnamese awarded by UK Royal Aeronautical Society

With the Young Persons’ Achievement Award, Dr. Nguyen Huyen Duc has become the first Vietnamese scientist to receive the prize from the UK’s Royal Aeronautical Society (RAeS).

Revelations of an e-cigarette seller

After exchanging text messages via social media, VietNamNet’s reporter, who acted as an e-cigarette buyer, decided to meet the seller and discovered many things that made him shiver.
back_to_top