By harnessing the power of chip-embedded ID cards, AI, and reliable population data, banks in Vietnam are reinforcing security measures and revolutionising banking services for their customers.
Members of the business community and experts are weighing up the diverse aspects of interest rate reductions, focusing on measures to ensure future growth.
The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.
Although financial institutions in Vietnam have realized the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to joining the data revolution.