Viet Nam has big potential in applying 4.0 technology to develop retail banks and payment utilities.– Photo vietnambiz Viet Nam has big potential in applying 4.0 technology to develop retail banks and payment utilities. The Industry 4.0 trend involves a wave of digitalisation, changing the business models and activities of many banks. Nguyen Dinh Tung, general director of Orient Commercial Bank (OCB), said the participation of digital banks would be helpful for domestic and international enterprises when doing business and investing in Viet Nam. Banking transactions could become quick and easy and could be done anywhere without needing to visit traditional branches, Tung told Thoi bao Kinh te Viet Nam (Viet Nam Economic Times). Investment in digital technology by Vietnamese banks would be a revolution for all customers, he added. The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) was recently awarded SWIFT’s Global Payment Innovation Initiative … [Read more...] about Vietnamese banks boost IT use
Tin kinh te
Vietstar licensing put on hold
Vietstar Airlines will have to wait until the construction of an additional passenger terminal and aprons at Tan Son Nhat International Airport are completed before receiving a business license. After consulting with ministries, the Prime Minister decided that the granting of a business license to Vietstar Airlines will be decided upon after the expansion of the passenger terminal and aprons, under a plan approved previously by the government. As VET reported at the time, the government last year gave in principle approval for Vietstar Airlines to provide passenger and cargo services. Mr. Pham Trinh Phuong, CEO of Vietstar Airlines, confirmed with Thoi bao Kinh te Vietnam, VET’s Vietnamese-language sister publication, that it had met all requirements relating to capital to provide passenger and cargo services and had received in principle approval and was waiting for final approval. Vietstar Airlines was established in 2010 by the Ministry of Defense, with stakeholders … [Read more...] about Vietstar licensing put on hold