Vietnam
Deutsche Bank Doubles Vietnam Investment to More Than US$200 Million
Deutsche Bank announced that it has nearly doubled its capital allocation in Vietnam, bringing the total to more than US$ 200 million. The bank said that the increased capital will support its growth in the country and allow it to undertake
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Vietnam’s MoMo Rolls Out BNPL Payment Option for Online Apple Store Purchases
Vietnamese e-wallet M-Service which operates under the MoMo brand has begun offering its local customers monthly instalments when they make purchases at the online Apple Store. With this new feature, Vietnamese customers will have the opportunity to shop Apple’s products
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What Are The Biggest Challenges Stalling The Growth of Vietnam’s Startup Ecosystem?
Vietnam’s startup sector has grown tremendously over the past years, driven by increased venture capital (VC) activity, favorable government policies and a youthful and motivated community of entrepreneurs looking to bring the domestic startup sector to the next level. But
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UOB Has Over 7M Customers After Acquisition of Citi’s M’sia, Thai, Vietnam Retail Businesses
UOB has added another 15 branches to its network across Malaysia, Thailand and Vietnam, bringing the total number to over 200 following its acquisition of Citi’s consumer banking businesses in those three countries. This has pushed UOB’s retail customer base
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ADB, Switzerland Sign US$5 Million Co-Financing Deal to Support Vietnamese Fintechs
The Asian Development Bank (ADB) and Switzerland signed a co-financing agreement of up to US$5 million for Vietnamese fintechs focused on addressing financial inclusion in the country, particularly among small and medium-sized enterprises (SMEs). This funding, along with a US$2
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Techcombank Taps Personetics to Bolster Users’ Financial Wellbeing With AI
Vietnam’s Techcombank has partnered with Personetics, a global provider of data-driven personalisation solutions, to introduce AI-powered money management capabilities. Through this partnership, Techcombank will offer capabilities to analyse customers’ financial transactions, aggregate bank accounts, and provide valuable insights about unexpected
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Vietnam’s ABBANK Steps up Digital Transformation Plans With Backbase
An Binh Bank (ABBANK), a Vietnamese joint stock commercial bank, has partnered with digital banking software provider Backbase to transform its customers’ banking experiences. Supported by ABBANK’s local partner CMC Technology and Solution, Backbase will deliver the full suite of
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VPBank Selects Amazon Web Services as Its Cloud Provider
The Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has selected Amazon Web Services (AWS) to help it build digital banking experiences for its customers. VPBank will use AWS SageMaker and AWS AI Services to enhance its analytics capabilities and accelerate the
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This Messaging App With 73M Users is Emerging as Vietnam’s 2nd Most Used E-Wallet
Studies conducted by market research and analytics company Decision Lab, in partnership with marketing trade association MMA Vietnam, have revealed that ZaloPay is now the second most popular e-wallet service in Vietnam. Over the past three quarters, ZaloPay was used
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VPBank Sells off 15% Stake to Japan’s SMFG in US$1.5 Billion Deal
Japan’s Sumitomo Mitsui Financial Group (SMFG) has inked a deal to acquire a 15% equity stake in Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) for approximately US$1.5 billion. The deal is set to be finalised by the end of 2023. The
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