E-wallet services in fierce competition for Vietnamese consumers
11:09 | 02/07/2018 Finance - Banking
(VEN) - Electronic wallet (e-wallet) services are becoming more popular in Vietnam, with around 20 e-wallet apps on the market currently, such as Vi Viet, ZaloPay, 123pay, Baokim, Nganluong, Bankplus, VTCPay, Timo, MoMo, Payoo, MobiVi, and Wepay.
Banks face new wave of technology
10:49 | 27/06/2018 Finance - Banking
The fourth industrial revolution, or Industry 4.0, has brought about fundamental changes in various fields on a global scale, including in Vietnam. A new wave of technology is also making significant changes in the financial sector, especially in the distribution channel of products and services.
Citi Foundation supports innovation, startups in Vietnam
15:12 | 22/06/2018 Finance - Banking
Viet Nam has seen huge growth in startups in recent years, with 3,000 registered startups in 2017. Despite this growth, the social impact startup ecosystem lags behind other leaders in the region in terms of a coordinated national approach, such as in Thailand, Singapore and Malaysia.
Vietnamese firms’ dreams of foreign bourse listings hit repeated snags
11:27 | 21/06/2018 Finance - Banking
(VEN) - Vietnamese firms are facing difficulties in listing on overseas stock markets due to the strict listing criteria set by foreign stock exchanges. Major corporations such as Vinamilk, Hoang Anh Gia Lai, and Saigon Securities Corporation have all put forward plans to list abroad over the past ten years, but none of them have managed to go through with their roadmap due to restrictions in foreign ownership (which have since been lifted), differences in accounting standards, and the global financial crisis.