VIB profits up 38 per cent in 2021 Vietnam International Bank (VIB) had a great performance in 2021 with a profit exceeding VNĐ8 trillion (over US$343 million), up 38 per cent year-on-year, according to its business results released on Wednesday. 

ADB, TPB sign $25 million loan to finance women-led SMEs in Việt Nam

The Asian Development Bank (ADB) signed a US$25 million loan with Tiên Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Việt Nam. 

Cybersecurity crucial for ongoing digitisation of banking industry: researchers

Cybersecurity is one of the central issues in the digital transformation of the banking system.

Top 10 Merger and Acquisition deals in 2021 Even though business activities were disrupted nationwide for many months in 2021, due to social distancing orders to prevent the outbreak of COVID-19, the number of successful merger and acquisition (M&A) deals rose compared to 2020.

Vietcombank waives all money transfer fees from January 1

Vietcombank announced that it will waive fees for maintaining services and money transfer transaction on VCB Digibank application from January 1.

Magnetic strip ATM cards to remain valid next year

The State Bank of Vietnam (SBV) this week issued a dispatch, noting that domestic automated teller machine (ATM) cards with magnetic strips will remain valid for normal use after December 31, 2021.

PM chairs meeting on national digital transformation Digital transformation has been and will be playing a crucial role in economic recovery, virus containment, global integration and Việt Nam's standing in the international community, said Prime Minister Phạm Minh Chính during a videoconference discussing the country's digital transformation process.

VPBank – the only Vietnamese representative receives "Best Mobile Banking Initiatives 2021" VPBank became the only Vietnamese financial institution to be honoured by The Digital Banker magazine as "Best Mobile Banking Initiatives 2021" for its digital banking platform VPBank NEO launched in June this year.

YouTrip, a neobank in Southeast Asia, raises US$30 million to accelerate growth in B2C and B2B space YouTrip, a neobank in Southeast Asia, raises US$30 million to accelerate growth in B2C and B2B space

Measures sought to promote development of smart banks

A workshop on developing smart banks in the process of industrialisation and modernisation by 2030 with a vision to 2045 took place on Thursday in the framework of the third Industry 4.0 Summit and Expo.