The Vietnam International Bank (VIB) has won two international digital banking awards from The Asset, making it the first bank in Vietnam to receive the awards for three consecutive years.
Hanoi (VNA) - TheVietnam International Bank (VIB) has won two international digital bankingawards from The Asset, making it the first bank in Vietnam to receive theawards for three consecutive years.
The awards aim to honourfinance institutions and technology companies thatachieve outstanding results in developing and applying digital technologyin the Asia Pacific region (including Japan and Australia).
The Asset is a widely recognisedbusiness news and research organisation, delivering authoritative, unbiased andindependent coverage on Asia’s financial industry. Since its launch in 1999,The Asset has been providing essential news, analysis and insights addressed toa distinct community of corporate leaders and financial decision-makers.
“Vietnam is an ideal market forthe advancement of digital financial services. In this regard, VIB has beenquite vocal in its efforts to push for inclusive digital banking in thecountry. For example, through the MyVIB mobile banking application, customersare able to do their online shopping among a number of lifestyle-focusedservices aside from general banking,” a representative from The Asset said.
In addition, The Asset has alsorecognised VIB’s efforts in creating and providing digital bankingproducts and services, especially its development of a website as aprofessional channel to reach customers at the end of 2018.
VIB launched the newwebsite with design focusing on the user experience, scientific informationstructure, basic content and friendly user interface.
According to VIB, 16 percent ofnew customers registered to open new online accounts in 2018, while the numberof customers who registered to use internet banking services increased by15 percent compared to 2017.
During the period, the proportionof customers making internet banking transactions was 76 percent,tripling the number of cash transactions made at counters. Thenumber of customers downloading the MyVIB application rose by 36 percentyear-on-year.
Previously, VIBreceived “The most innovative mobile banking application 2018” awardfrom the Global Banking and Finance Review (UK).-VNA
Vietnam International Bank (VIB) has been named "Bank of the Year 2015" by The Banker, one of the world's leading journals in economics, finance and commerce.
BMW has chosen the Vietnam International Bank (VIB) as its first Vietnamese financial partner to provide support to local customers who buy new and used cars.
Vietnam International Bank (VIB) has won the “Bank of the Year 2016” award, making it the first local bank to receive the prestigious award for two consecutive years.
The Vietnam International Bank (VIB) on February 20 officially issued certificates of deposit (CD) worth 18 million VND and 24 million VND for personal and corporate customers to meet their investment demands for deposit.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
MyVIB mobile banking application (Photo: VNA) 
