Surge of M&A deals expected in Vietnam’s banking sector
10:19 | 11/09/2019 Finance - Banking
(VEN) - The State Bank of Vietnam (SBV) continues to facilitate banks’ voluntary mergers and acquisitions (M&A), aiming to form larger financial institutions with better governance and stronger finance. This is part of a 2016-2020 credit institution restructuring associated with handling bad debts, approved by the government.
DIV expects breakthroughs from FSMIMS project
09:20 | 27/08/2019 Finance - Banking
(VEN) - The Deposit Insurance of Vietnam (DIV) recently put into application the results of the Financial Sector Modernization and Information Management System (FSMIMS) project in order to develop a modern information technology (IT) system, contributing to better protection of depositor interests and maintaining the sustainability of the financial system.
Da Nang city to boost cashless transactions
15:11 | 22/08/2019 Finance - Banking
The central city of Da Nang is making every effort to raise awareness on the benefits of cashless transactions as well as building financial and technical infrastructure for the future development of a cashless society.