11 banks in Vietnam meet international payment standards

The American multinational banking and financial services corporation Citi announced the list of 11 banks in Vietnam who won the Straight Through Processing - STP 2014 Award on December 11. (Photo: SGGP) They have been awarded for their ability of conducting through payment transactions and daily service quality. The 11 awardees include Joint Stock Commercial bank for … [Read more...]

Funding VPBank Smartcash Card – Getting Gifts Instantly

From December 5, 2014 to January 31, 2015, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) deployed a promotion programme called "Funding Smartcash cards - Super easy, super preferential" with more than 4,000 gifts waiting for customers. Accordingly, when customers deposit VND100,000 or more into their VPBank Visa Smartcash cards, they will be given a lucky code used … [Read more...]

VPBank Leverages iCreate’s Consulting Expertise for Activating Data Governance

Prominent Vietnamese financial institution, VPBank has successfully completed a strategic initiative on Data Governance establishment with the help of consulting services from Banking Decision Enablement pioneers, iCreate. The engagement, comprising assessment, definition, roadmap & a pilot implementation was accomplished in a time span of 10 weeks. The key thrust was on … [Read more...]

VPBank Loyalty- Inclusive Customer Care Programme: Advantages of Loyalty Programme

Customer loyalty programme, a common concept in the retailing sector, has become an exciting race in the finance and banking industry. According to a study, only 20 percent of loyal customers could generate 80 percent of revenue for a bank, while the cost to get a new customer is 10 times more than that of keeping a loyal customer. Two significant factors that let customers use … [Read more...]

Resolutely clearing up bad debts along with bank restructuring

(VOVworld) – In the master-plan on economic restructuring approved by the Prime Minister last year, bank restructuring and handling bad debts are considered key tasks. The settlement of bad debt has gained initial results after the program to restructure the banking system was launched 3 years ago. Bad debts remain one of difficulties for the restructuring of … [Read more...]

Investment for Corporate Branding and Advertising

To expand domestic and export markets and create added value for products, Vietnam must develop some strong and highly competitive brands. However, branding investment requires concerted effort from companies and overall approach to respond to diverse and changing demands of the market, coupled with reasonable State policies to facilitate businesses to bring products to … [Read more...]

Arousing Entrepreneurship in Women

The Vietnam Chamber of Commerce and Industry (VCCI) coordinated with the Vietnam Prosperity Bank (VPBank) and Microsoft Vietnam to organise the "Conference on Entrepreneurship in Dynamic Economy" in Hanoi on November 19, 2014. This is one of the main activities of the Global Entrepreneurship Week 2014 (GEW) held from November 17 to 23, 2014 in over 150 countries. From 2014, … [Read more...]

Zero-Interest Home Loan at VPBank for Lexington Novaland Project

In a bid to bring most benefits to customers in need of housing, Vietnam Prosperity Bank (VPBank) and Novaland Company joined hands to provide zero-interest soft loans for homebuyers of Lexington Residences situated in An Phu Ward, District 2, Ho Chi Minh City. Accordingly, when buying houses at Lexington Novaland Project, customers will be offered a preferential interest rate … [Read more...]

Seminar on Investment for Corporate Branding Development and Advertising Costs

To expand domestic and export markets and create added values for products, Vietnamese companies must develop some highly competitive brand names. Branding development investment requires concerted efforts of companies and overall approach to meet diverse and changing demands of the market, coupled with reasonable State policies to facilitate businesses to introduce products to … [Read more...]

Vietnam Economy: Ailing Private Sector and Fragile Recovery

"The economy has bottomed out of crisis and has shown signs of recovery. However, the recovery is still fragile and coupled with enormous risks," said economic experts at the seminar "World and Vietnam Economy: Economic 2014 Review and 2015 Prospects" organised by Vietnam Prosperity Bank (VPBank). Escaping crisis Macroeconomic stability and development prospects are common … [Read more...]

Utility Gifts for Online Depositors at VPBank

To increase benefits for customers using online banking services, Vietnam Prosperity Bank (VPBank) deployed the promotion programme called "Online savings - Getting utility gifts" for customers using online deposit services from October 30, 2014 to January 25, 2015. Accordingly, customers depositing VND3 million onwards of one-month savings or instalment savings (Easy … [Read more...]

Entrepreneurship in Dynamic Economy

In response to the Global Entrepreneurship Week 2014 (GEW) held from November 17 to 23, 2014 in over 150 countries, the Vietnam Chamber of Commerce and Industry (VCCI) will coordinate with the Vietnam Prosperity Bank (VPBank) and Microsoft Vietnam Company to organise the Conference on Entrepreneurship in Dynamic Economy on November 19. This is one of the main activities of GEW … [Read more...]

Viet Nam aims for growth amid economic challenges

HA NOI (VNS) - Viet Nam should maintain sustainable growth as the economy will face numerous difficulties and challenges in spite of recent recovery. This was the consensus of experts at a conference held here on Tuesday on "Economic 2014 Review and 2015 Prospects". Sanjay Kalra, the International Monetary Fund resident representative in Viet Nam and Laos, told the conference … [Read more...]

IMF worries about SOE reform

Tu Hoang A bank staff counts U.S. dollar banknotes in this fi le photo. IMF Resident Representative for Vietnam Sanjay Kalra expressed concerns over SOE reform due to soaring debts in the sector - PHOTO: MINH KHUE As calculated by IMF, the SOE sector is causing fiscal risks to the country with government-guaranteed debt accounting for 15% of gross domestic product (GDP) … [Read more...]

Viet Nam urged to maintain sustainable economic growth

Experts forecast a 5.8 per cent growth rate for Viet Nam next year. - VNA/VNS Photo Huy Hung HA NOI (VNS) - Viet Nam should maintain sustainable growth as the economy will face numerous difficulties and challenges in spite of recent recovery. This was the consensus of experts at a conference held here yesterday on "Economic 2014 Review and 2015 Prospects." Sanjay Kalra, the … [Read more...]

Tax break for global sovereign bonds

HA NOI (VNS) - The Vietnamese Government has exempted international bonds issued in 2014 from income tax to make the country's global sovereign bonds more attractive to foreign investors. The exemption is contained in Resolution No.78/NQ-CP, which was released last November 1. It specifies that sovereign bonds issued in the international market this year will no longer be … [Read more...]

Tariff Free for VPBank Payment Accounts

Vietnam Prosperity Bank (VPBank) recently launched the "Enjoying the pinnacle of technologies" programme under which new users are offered tariff-free services for payment accounts in 12 months and presented more than 30,000 gifts. The programme will run from October 15 to December 9, 2014. Users registering to open and use VPBank payment accounts, including Autolink Card, VP … [Read more...]

Mobile Banking – A new trend

Along with the strong development of smartphones, banks have launched various banking services via mobile phones (Mobile Banking), bringing about much more utilities to customers. An ACB Hai Duong employee guides a customer in using Mobile Banking services Much more utilities Sitting with me in a cafeteria on Hoang Van Thu street, Nguyen Van Thang, Director of Hera Vietnam … [Read more...]

SBV circular regulates consumer lending

HA NOI (VNS) - The State Bank of Viet Nam (SBV) recently released a draft circular on consumer lending following the setting up by commercial banks of subsidiary finance companies for the purpose. The circular aims to specify and limit risks on consumer loans of commercial banks to non-standard clients, including those with either low incomes or credit scores, or with no … [Read more...]