Bank

Attending the Digital Transformation in Banking 2025 event, the Vietnam Maritime Commercial Joint Stock Bank (MSB) unveiled a host of tech-based financial solutions. These offerings are designed to provide customers with a comprehensive, seamless, and deeply personalized experience.

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"On May 31st, Hanoi played host to a significant event, with Prime Minister Pham Minh Chinh leading a discussion with businesses and enterprise associations. The focus of this gathering was to effectively implement Resolution 68-NQ/TW, issued by the Politburo, which aims to boost the private economy. Governor of the State Bank of Vietnam, Nguyen Thi Hong, was in attendance, offering insights into monetary policy management and banking operations."

Once considered a foreign concept to students, and often associated with the stigma of overspending, credit cards are now seen as a tool for financial empowerment among the youth. Today's young adults are more financially literate and view credit cards as a means to develop smart spending habits, build financial discipline, and establish financial responsibility while still in their academic years.

"Speaking at the event, “Digital Transformation Day of the Banking Industry in 2025”, the Prime Minister urged banks to further reduce costs and be “a little more open-hearted” to reduce the interest rate of the VND 500,000 billion credit program for science, technology, innovation, digital transformation, and strategic infrastructure by at least 1.5% compared to medium- and long-term interest rates."

"At the 2025 Banking Digital Transformation event, themed 'Smart Digital Ecosystem in the New Era', Techcombank reaffirmed its pioneering position by offering comprehensive digital solutions for corporate customers through its digital banking application. By accelerating its digital transformation and maintaining its market leadership, the bank demonstrated its strong commitment to accompanying the nation in its journey towards a new era of prosperity."

Industrial parks and the real estate sector may experience short-term impacts due to changing tariff policies. However, the recent resolution to merge 34 provinces and cities into mega industrial powerhouses will create a significant boost to the economy. This strategic move will foster long-term economic growth and continue to attract foreign investment, creating a vibrant and prosperous future.

Prime Minister Pham Minh Chinh has outlined key areas where banks need to accelerate their efforts and embrace digitalization to better serve the people and understand the market.

The launch of the Remote Digital Signature Portal on VNeID (RSHUB) by the Social Order Administration Police Department (C06) - Ministry of Public Security, took place on May 22, 2025. BIDV is honored to be the pioneering partner bank in piloting this solution for the online loan registration flow on the BIDV Home application.

The bancassurance sector's revenue growth in Q1 2025 is an encouraging sign, yet it's premature to declare a recovery for the insurance industry.