Hanoi (VNS/VNA) - The State Bank of Vietnam (SBV)has issued a directive, demanding commercial banks to review their proceduresin issuing and managing bank cards.
The central bank said its top priority is to ensure that securitymeasures are up to standards and the rights of both consumers and banks areprotected under existing laws and regulations.
Banks must take all necessary steps to make their fees, interestrates and interest calculation methods available to the public and strictlyfollow the central bank's rules. They must also make sure customers areinformed about their rights and obligations, especially for credit cards.
Banks were told to review the entire process of handlingcomplaints and reconciliations to ensure customer cases are resolved promptly.The banks are held responsible for contacting their customers about unusualactivities, as well as non-activities, regarding their cards. They were alsotold to work together with Governmental agencies in security matters.
The central bank asked commercial banks to implement communicationmeasures, through mass media, communication channels that customers can easilyaccess, to keep them informed of their rights and obligations and to advisethem on security measures to protect personal data and bank card information./.
The State Bank of Vietnam has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.
Governor of the State Bank of Vietnam Nguyen Thi Hong has asked credit institutions to balance mobilisation capital and lending capital to ensure control of risk related to credit and liquidity.
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has said the central bank will strengthen credit growth supervision, ensure policy supports businesses, while guaranteeing credit safety and quality for commercial banks.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: Internet) 
