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Tag Archives: Vietnamese banks

Banks expect profits to rise 18.6 percent

A bank employee gives instructions to a customer at a bank in Ho Chi Minh City, Vietnam.

Vietnamese banks have reported good third quarter results, and expect this to continue in the final quarter of the year. A newly-released central bank survey on business trends among Vietnamese banks found 72.6 percent saying their business situation had improved from the second quarter, with 15.8 percent reporting significant improvement. …

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Vietnamese banks sound alarm over cybercrime

Vietnam has become a hotbed of cybercrime, with criminals becoming increasingly sophisticated while banks still using old, insecure technologies.

Many banks in Vietnam have reported about customers losing information about their accounts to criminals through phishing attacks and other methods. In a recent statement Techcombank said it had detected many cases of fraud and misappropriation of money by faking Western Union transactions. The criminals would send victims fake Techcombank …

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