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Vietnamese banks face more foreign competition

Vietnamese banks face more foreign competition

September 19, 2016

RECENTLY the State Bank of Vietnam issued a licence to Malaysia’s second largest lender, CIMB Bank, to establish a bank in Vietnam with registered capital of over 3.2 trillion dong (Bt5 billion).

Vietnam govt approves plan to reduce cash use

August 17, 2016

HO CHI MINH CITY - The Vietnam government has approved an e-commerce development plan for 2016-20 that targets 50 per cent of consumers switching from cash to other forms of payment.

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