vietnam banking sector

Update news vietnam banking sector

Interest rate cuts essential to relieve business capital costs: experts

A genuine reduction in interest rates lies not in the number of banks adjusting their posted rates, but in a real decrease in the cost of funds, easier access for borrowers, and the continued safety of the banking system.

AI agents could handle 50% of Vietnam's banking transactions within three years

AI could handle half of banking transactions within three years, a Vietnamese banking executive predicts. But high infrastructure costs, cyber threats and data security concerns remain major obstacles to adoption.