Vu Thi Bich Thu, head of Vietcombank representative office in Singapore (R), receives Mobile Banking Initiative of the Year award (Source: Vietcombank)Hanoi (VNA) – The Joint Stock Commercial Bank for Foreign Trade ofVietnam (Vietcombank) has been awarded the “Mobile Banking Initiative of theYear” title by the Asian Banking & Finance (ABF) magazine.
The bank received the title at the ABFRetail Awards 2018 held in Singapore on July 12.
Vietcombank’s app has all necessaryfunctions meeting consumers’ demand for financial transactions, and connectswith partners in different fields, including entertainment, shopping, aviationand securities.
Vietcombank has used modern methods ofpayment such as payment using QR code in more than 10,000 shops, restaurantsand websites in various services.
It has also applied modern technology inidentifying and authenticating transactions to serve users.
Currently, Vietcombank is rated one of thebest Vietnamese banks in terms of asset quality and profitability.
In 2017, the bank became the first inVietnam to report pre-tax profit of 11.341 trillion VND (499 million USD). Itsbad debts fell to only 1.1 percent, the lowest rate among major creditinstitutions.
Vietcombank aims to become the first bank inVietnam to join the 300 largest banks and financial companies in the world by2020.
Recently, the bank was named the best bankof Vietnam in 2018 by FinanceAsia.-VNA
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