Retail banking in Vietnam: The increase is strong and the need for a suitable debt collection strategy Vietnam’s retail banking explosion has the potential to be a very good thing for both established banks and challenger banks. Focusing on the younger population, which is hungry for a new approach, could result in not only a […]
Vietnam retail banking: Technology is key to success
Vietnam retail banking: Technology is key to success Together with the increasing use of mobile devices and the internet, fintech could provide tools to improve access to financial and banking services for individuals, especially those in rural areas. The retail banking segment in Vietnam has seen stellar growth over the past decade with around 40 […]
VIB 2020 AGM: Journey to Large-Scale and Quality Retail Banking
VIB 2020 AGM: Journey to Large-Scale and Quality Retail Banking Vietnam International Bank (VIB) aims to grow into a large-scale and top quality bank in the future. The message was delivered at the bank’s 2020 annual general shareholders’ meeting held on June 30 in Ho Chi Minh City where all the reports and proposals of […]
Opportunities Abound for Financial Services Firms in Confident Vietnam
Opportunities Abound for Financial Services Firms in Confident Vietnam Vietnam is one of Southeast Asia’s great success stories: the country is undergoing rapid development and its youthful citizens are now among the most confident consumers in the world, according to Nielsen’s Global Consumer Confidence Index. This development has brought increasing salaries and with that, a […]
Vietnam banks: Putting their money in retail banking and technology
Vietnam banks: Putting their money in retail banking and technology Despite current economic challenges, Vietnam’s banking sector has promising longer term potential due to its relatively young and increasingly affluent population. Vietnam’s banking sector suffers from problems of inefficiency, undercapitalisation, and increasing cross-ownership among banks, all of which have been escalating the potential of contagion […]