The digital banking landscape in Vietnam is expanding rapidly, driven by high smartphone penetration and a tech-savvy population. According to Nguyen Quoc Hung, Secretary-General of the Vietnam Banks Association (VBA), technological advancements help banks streamline operations through automation, enhance productivity, improve customer service, and reduce costs. With only 20% of Vietnam’s 90 million citizens using…

Read more

Vietnam’s February 2025 highlights the country’s strong foreign direct investment (FDI) momentum, with new economic zones, strategic infrastructure projects, and high-tech developments reshaping the business landscape. With US$4.33 billion in FDI recorded in January alone, regions like Northern Vietnam, Danang, Dong Nai, and Quang Tri are emerging as top destinations for global investors. This blog…

Read more

As one of Southeast Asia’s fastest-growing economies, Vietnam’s banking sector offers a robust and efficient financial system for both individuals and businesses. For foreign investors, expatriates, and international companies, opening a local bank account is essential for facilitating transactions, ensuring regulatory compliance, and managing financial operations seamlessly. This guide provides a detailed overview of the…

Read more