In an interview with Sputnik news agency, Yeo Siang Tiong, Kaspersky Lab’s general manager for Southeast Asia, said that the company's statistics showed the rate of scams related to banks, payment systems and online stores in Vietnam was lower than other countries in the region. The fraud rate was 26.36% in Vietnam while it was 40.87% in Indonesia, 46.77% in Malaysia, 64,03% in the Philippines, 51.6% in Singapore and 56.35% in Thailand.

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Regarding Vietnam's efforts in ensuring security against attacks on the financial sector, Yeo said the increase in online transactions in the country during the Covid-19 pandemic was parallel with the rise of frauds through the use of fake pages of popular payment systems such as Visa, Mastercard and PayPal.

It can be seen that the online transactions and shopping of users are increasingly improved, and this can be attributed to the ongoing efforts of the Government of Vietnam to raise awareness on financial and data security in the context of mobile banking and e-wallets flourishing in the region.

According to the Fintech and Digital Banking 2025 - Asia Pacific report by Backbase, mobile transactions are forecast to increase by 300% in Vietnam by 2025, thanks to the booming digital economy.

Vietnam is definitely ready for rapid digital transformation as well as ensuring a safer financial environment for organisations and individuals due to strong infrastructure and threat intelligence sharing, Yeo said.

World Bank a highly important development partner of Vietnam: PM

Prime Minister Pham Minh Chinh received World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on March 21, affirming that the Vietnamese Government always views the WB as a good friend and a highly important development partner.

Project connects two banks of Thuong river

(BGO) – The trade exchange between the Northern area of Hai Duong province and Bac Giang province will be much easy in near future because two provinces have decided to invest in traffic projects that link Yen Dung district (Bac Giang province) with Chi Linh city (Hai Duong province). The projects help connect two banks of Thuong river and create driving force for socio-economic development in both localities.

Woman swallows $550 in banknotes, hospitalized

In a fit of anger with her family, a 31-year-old woman in Dak Lak Province swallowed 25 VND500,000 banknotes (worth $551.88) that had to be surgically removed.

Vietnam’s economy sees positive changes: World Bank

Amid a protracted Covid-19 outbreak, socio-economic data in October showed the contraction has bottomed out and Vietnam's economy has made positive changes, the World Bank (WB) in Vietnam said in its Vietnam macroeconomic update for November released on November 12.

Two thirds of Vietnamese have bank accounts: central bank

The number of people having bank accounts has doubled since 2017 to 68 percent, according to the State Bank of Vietnam.

Source: NDO/VNA