Việt Nam is seeing a wave of digitalisation in the retail banking industry, driven by industry 4.0 technologies.
The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) on October 20 appointed Thomas William Tobin as Retail Banking Director, the bank’s first foreign senior executive.
Expats working in Việt Nam said they earn on average nearly US$88,100, with 36 per cent seeing their income increase by 25 per cent, the latest Expat Explorer survey compiled by HSBC Bank revealed.
Việt Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) on Monday signed a partnership agreement to become the only issuer of Diners Club (DC) cards in Việt Nam.
Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) on Thursday officially listed more than 1.33 billion shares on the HCM Stock Exchange (HoSE).
Despite being allowed to charge on-net fees for automatic telling machine (ATM) transactions, some commercial banks have recently applied the exemption to on-net money withdrawal and account transfer to attract new customers and develop the retail banking segment.
Recently government bonds have seen strong foreign buying despite the facts that the dollar is expected to continue appreciating due to the US’s plan to raise interest rates a few more times in the near future and that Việt Nam does not have incentives to attract foreign investment in its bonds.
Commercial banks have consistently recruited thousand of new employees, especially for retail banking services, to meet business targets in 2017.
Recruitment demand for mid- and senior-level staff rose by 73 per cent in the first quarter compared to the same period last year, according to a report from Navigos Search, an executive search service in Việt Nam.
Deputy Prime Minister Vương Đình Huệ on Tuesday appreciated Paris-based BNP Paribas bank’s recommendations as significant to the Vietnamese Government in making and refining policies and laws pertaining to equitisation and divestment at State-owned enterprises (SoEs).