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VIB received “Leading SME Trade Bank” award

The Vietnam International Bank (VIB) has been awarded with the “Leading SME Trade Bank” title for outstanding achievements during its participation in the Trade Finance Programme (TFP).
The Vietnam International Bank (VIB) has been awarded with the “LeadingSME Trade Bank” title for outstanding achievements during itsparticipation in the Trade Finance Programme (TFP).

The TFP, initiated by the Asian Development Bank (ADB), aims toprovide guarantees and loans to its member banks to supportinternational trade.

They provide financialsupport for import-export enterprises and improve production efficiencyand competitiveness in the market.

The VIB, which joined the TFP in 2009, is one of the ten Vietnamese banks in the programme.

As a leading bank in trade finance for small- and medium-sizedenterprises (SMEs), VIB is the first bank in Vietnam to win this award.-VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

🍎 Phu Tho emerges as FDI magnet following mergence

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Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

ಌ Maximum fine of 3,000 USD proposed for violating invoice regulations

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At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

💃 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

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A local resident makes a bank transfer using the Momo app. (Photo: VNA)

൲ Banks accelerate digitalisation, non-cash payments

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.
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