Vietnam

Visa launches tap-to-ride solution in Ho Chi Minh Metro Line 1

It can support payments via cards, mobile devices, and wearables.

Vietnam calls on banks to enhance financing for Mekong Delta rice industry

Banks are asked to ensure no delays or denials in loan access for those with good business plans.

Vietnamese banks may see up to 16% credit growth over next two years

Demand will come from the manufacturing, construction, and real estate sectors.

Airwallex to acquire Viet IPS provider CTIN Pay

Airwallex plans to aid merchants in their overseas expansion.

Cake Digital Bank breaks even by meeting small needs

The Vietnamese digital bank owes its success to quick loans and low-limit credit cards.

Nam A Bank to enjoy improved capital and profitability through 2026

Asset quality pressures are expected to moderate over the next 12-18 months.

Visa, DealMed unveil cross-border card instalment Vietnamese cardholders

75% of surveyed Vietnamese consumers plan to travel for leisure in 2025.

Vietnam transfers struggling banks' ownership to VPBank, HDBank

VPBank and HDBank now own GPBank and DongABank, respectively.

Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion

The bank will distribute PJICO’s non-life insurance products.

Techcombank records 19.5% higher net profit of $851.96m for 2024

Fees and commission income fell, but interest income rose.

Vietnam’s ABBANK launches new business digital banking platform

It offers money transfer services and quick bill payment options.

Mortgage growth to lift Viet banks’ earnings in 2025

Mortgage loans may grow by 20% during the year, from 10% in 2024.

Vietnam's banking system poised to achieve 16% credit growth: SBV

The growth targets for credit institutions will be determined based on their 2023 ratings.

Over 3 in 4 Visa payments in Vietnam are contactless

Over 4 in 5 in Vietnam named mobile wallets as their preferred payment method.

Vietnam’s Cake Digital Bank achieves profitability

Revenue per user is US$12 in 2024, and payment transactions are $4.7b.

Visa inks MOU with Vietnam's FPT to modernize public services

They aim to expand access to finance by equipping SMEs with business credit cards.