citi awards top 10 banks in vietnam for excellent international payment services Citi Awards Top 10 Banks in Vietnam for excellent international payment services

09:21 | 09/05/2019 Finance - Banking

To reinforce and recognize client banks that have been meticulous in their efforts in international payment services, Citi announced the winner list of the Citi Excellent Straight Through Processing Award 2018. These were awarded to 10 Vietnamese banks who had completed fund transfer transactions with a 90% or above correct ratio.
new steps to speed up replacement of magnetic strip atm cards New steps to speed up replacement of magnetic strip ATM cards

14:38 | 08/05/2019 Finance - Banking

The National Payment Corporation of Vietnam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.
new directive issued to fight black lending New directive issued to fight ‘black lending’

14:07 | 07/05/2019 Finance - Banking

The Prime Minister has released Directive 12/CT-TTg to fight loan sharks who are targeting vulnerable people.
central bank buys 835 billion usd to build foreign reserves Central bank buys 8.35 billion USD to build foreign reserves

15:07 | 06/05/2019 Finance - Banking

The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.
action plan adopted to address risks of money laundering terrorist financing Action plan adopted to address risks of money laundering, terrorist financing

14:03 | 04/05/2019 Finance - Banking

Deputy Prime Minister Vuong Dinh Hue has signed Decision No. 474/QĐ-TTg to promulgate an action plan towards tackling the risks of money laundering and terrorist financing in the 2019-2020 period.
horea offers proposals to help real estate firms access long term bank loans HoREA offers proposals to help real estate firms access long-term bank loans

14:08 | 03/05/2019 Finance - Banking

The Ho Chi Minh Real Estate Association (HoREA) has suggested the State Bank of Vietnam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.
citi enters partnership with vietnam based fintech payoo Citi Enters Partnership with Vietnam-based FinTech Payoo

14:40 | 02/05/2019 Finance - Banking

The partnership which facilitates consumer-to-business collections was officiated at Citi Treasury and Trade Solutions’ inaugural ASEAN FinTech Day in Singapore.
finance sector continues leading e government development in 2018 Finance sector continues leading e-Government development in 2018

09:45 | 30/04/2019 Finance - Banking

The Ministry of Finance led the way in e-Government development in 2018, according to a report on Vietnam’s e-Government development.
boosting access to greenbacks for green growth Boosting access to greenbacks for green growth

10:38 | 25/04/2019 Finance - Banking

(VEN) - The Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) and the International Trade Center (ITC), a joint agency of the World Trade Organization and the United Nations, have teamed up to launch a project aimed at bolstering trade for sustainable development (T4SD) in Vietnam. One of the project’s highlights is to create financial resources to help businesses renovate technology and production in accordance with green development.
basel ii standards help banks get high credit growth limit Basel II standards help banks get high credit growth limit

14:44 | 24/04/2019 Finance - Banking

Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule.
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