Vietnam
Visa, DealMed unveil cross-border card instalment Vietnamese cardholders
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.
Vietnam’s central bank urges credit firms to reduce loan fees, simplify process
Credit institutions are asked to review fees with view of possible exemptions.
Vietnam’s debit card payments to reach $65.6b in 2028
Debit card use is dominant, but still limited to cash withdrawals.
Vietnam digital bank Cake debuts cloud connect CMS with Visa
It is the first bank to implement Visa Cloud Connect on Google Cloud Infrastructure.
Techcombank to sustain strong loan growth
It is also expected to maintain a risk-adjusted capital (RAC) ratio of 5.0 to 5.5%.
HDBank reports profit before tax of $500m for Q3
Its consumer finance arm HD SAISON grew its loan book by 15%.
Techcombank logs 25.58% higher net profit in Q3
Net interest income rose, but fee and commission income were lower.
Vietnam’s debit card payments market to be worth $65.6b in 2028
The rising number of banked Vietnamese is pushing up adoption, although payment usage remains low.
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