Bank loans rise despite pandemic Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Đào Minh Tú said.

Smart City - The urgent solution for a better world

The COVID-19 pandemic has dramatically changed lives and economies around the globe, requiring governments to seek new urban management technologies and solutions to address the current crisis as well as promote economic growth in the post-pandemic period. One of the initiatives taken is the implementation of smart cities.

E-commerce to continue booming in 2021 The Vietnamese e-commerce market is forecast to continue to boom in 2021, with revenue surpassing last year's figure.

HCM City hospitals switch increasingly to cashless payment

The shift towards electronic payment is now an established trend with half of HCM City’s public hospitals embracing it, health authorities have said.

E-wallets owners must complete the identity verification before July 7 Deputy Governor of the State Bank of Việt Nam Đào Minh Tú has said July 7 is the deadline for e-wallet owners to complete the identity verification.

Electronic fund transfer fees to be cut by at least 50 per cent

The State Bank of Việt Nam on Tuesday issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 per cent for local banks.

More banks slash interbank transfer fees Another 15 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) by March 4

Seventeen banks slash interbank transfer fees from Tuesday

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) following the move of the National Payment Corporation of Việt Nam (NAPAS) to cut switching fees with an aim to promote cashless payments.

SBV sets cashless payments as top priority for 2020 The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.

Non-cash payments here to stay, says deputy PM Cashless payment is an irreversible trend during the time of the fourth industrial revolution, Deputy Prime Minister Vương Đình Huệ told a conference in HCM City yesterday.