Category: Finance

Retail Asia14/03/2024
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1min0
Saigon Jewelry Company gold bar price rose 0.75% to VND81.1 million ($3,283.73) per tael Thursday. Gold bar plunged 2.42% Wednesday after reaching a new historic peak of VND82.5 million. The gold ring price increased VND0.88% to VND69 million per tael on Thursday. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices traded flat […]

Retail Asia23/02/2024
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2min0
IT consulting firm Adnovum has joined forces with a Swiss artificial intelligence specialist. The partners want to use the technology of the future to transform the financial sector. Adnovum and Squirro have embarked upon a strategic partnership, as we learned in a press release on Wednesday. The aim of this cooperation? To use Squirro’s artificial intelligence […]

Retail Asia07/02/2024
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3min0
Faced with difficulties that are expected to linger, large western banks are slashing costs by downsizing their payrolls and increasing the use of artificial intelligence. Deutsche Bank has said it is laying off 3,500 employees, or 4% of its workforce, to reduce costs by 2.5 billion euros (US$2.7 billion) a year by 2025. One of […]

Retail Asia07/02/2024
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1min0
The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,570, up 0.16% from Tuesday. It fell 0.40% to VND24,850 on the black market. The greenback has increased by 0.61% against the dong since the beginning of the year. Globally the dollar remained under pressure on Wednesday after retreating from […]

Retail Asia02/02/2024
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1min0
State-owned lender Vietcombank reported record pre-tax profits of VND41.2 trillion (US$1.68 billion) for 2023. Its previous highest was VND37.4 trillion a year earlier. It made the bank the most profitable in the industry by a margin of tens of trillions of dong. Profits before credit risk provisioning were worth VND45.8 trillion, a 2.2% decline. But […]

Retail Asia24/01/2024
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1min0
Saigon Jewelry Company gold bar price went up 0.26% to VND76.65 million ($3,113.95) per tael Wednesday morning. Gold ring price was stable at VND64.05 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices inched lower on Wednesday, as hawkish comments from Federal Reserve officials and strong U.S. data doused hopes […]

Retail Asia15/01/2024
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7min0
BridgerPay, a payment technology pioneer in the payments industry, is proud to announce its transformation into a powerful omnichannel payment operations platform, bringing unparalleled control and flexibility to businesses seeking to streamline their payment processes across all payment channels – e-commerce shops, physical stores and mobile applications. The transition to an omnichannel payment operations platform […]

Retail Asia12/01/2024
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2min0
The Securities and Exchange Commission has delivered a landmark approval of spot Bitcoin exchange-traded funds. This is a highly anticipated event that is expected to further crypto’s entry into mainstream finance. The US Securities and Exchange Commission (SEC) has approved 11 applications for spot Bitcoin exchange-traded funds (ETF), including those from BlackRock, Ark Investments, Fidelity, Invesco and more. Since 2004, this […]

Retail Asia08/01/2024
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2min0
The State Bank of Vietnam (SBV) is considering proposals from investors to restructure the Saigon Commercial Bank (SCB), a bank experiencing financial difficulties. After SCB faced a run in October 2022, the central bank put the private lender under special control to limit negative impacts on it and credit institutions in general. Historically, several banks under special […]

Retail Asia29/12/2023
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3min0
Samsung Wallet, the app that lets users store and manage their cards, tickets, and coupons on their Samsung Galaxy smartphones, has added a new feature: mobile driver’s licenses and state IDs. The company announced back in October that it will bring this feature to Arizona and Iowa, however, other than “coming later this year,” no specific date […]

Retail Asia27/12/2023
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4min0
The second-largest hardware chain in the U.S. has finally decided to support Apple Pay. For those who don’t know what Apple Pay is, it is the mobile payment service that allows an iPhone user to select a credit, debit, or prepaid card from the Wallet app and tap the phone against a POS machine to […]

Retail Asia11/12/2023
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3min0
Citi brought together about 100 leaders in the Vietnam technology landscape, including founders, management teams, and investors, to discuss how the new economy is shaping the future of Vietnam. The Vietnam Digital Leaders Summit 2023, hosted by Citi Commercial Bank (CCB) and Citi’s Investment Bank, featured keynote speeches and lively panel discussions covering various topics, […]

Retail Asia06/12/2023
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1min0
The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,450, up 0.08% from Tuesday. The State Bank of Vietnam raised its reference rate by 0.10% to VND23,951. The greenback went up 0.08% to VND24,700 on the black market. It has increased against the dong by 3.03% since the beginning […]


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