Vietnam International Bank bags MasterCard’s innovation award
MasterCard gave its Best Segment Solution Award to Vietnam International Bank for its Classic debit card, making VIB the first Southeast Asian bank to win a prize from the this financial cooperation.
Arnab Ghosh, head of VIB’s Cards and Consumer Lending (R) receives the award. (Source: vib.com)
MasterCard gave its Best Segment Solution Award to Vietnam International Bank (VIB) for its Classic debit card, making VIB the first Southeast Asian bank to win a prize from the world’s leading financial services corporation.
The award, among 20 categories in the annual Banking Innovation awards, aims to honour MasterCard’s important partners in the Asian-Pacific region, who have created innovative solutions to better their card services and meet the demands of different customers. The award is based on four criteria: strategy, innovation, influence and achievements.
VIB became dominant in the category thanks to its policy to refund up to 5 percent of each transaction, which is billed as an efficient strategy to change Vietnamese people’s cash-spending habits.
Speaking at the Banking Innovation Forum held in Kuala Lumpur, Malaysia from September 30 to October 1, Arnab Ghosh, head of VIB’s Cards and Consumer Lending highlighted that the award recognises VIB’s efforts to develop card services in a fiercely competitive market.
Launched in the Vietnamese market in October 2013, VIB’s Classic debit card has allowed its holders to use their VIB account at any automated teller machine worldwide, while facilitating safe online shopping.
With its prestige and MasterCard’s global network, the VIB Classic debit card is one of the best choices for travellers, businessmen, overseas students, and people who love technology and online shopping.
New customers will enjoy several of the bank’s preferential policies for a year.-VNA
The Vietnam International Bank (VIB) has been awarded with the “Leading SME Trade Bank” title for outstanding achievements during its participation in the Trade Finance Programme (TFP).
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) received the Best Bank in Vietnam award 2015 from the Global Banking and Finance Review.
Credit ratings agency Moody’s has recently ranked the Vietnam Joint Stock Commercial Bank for Industry and Trade the first among nine rated Vietnamese banks in terms of financial strength.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.