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According to Visa’s Consumer Payment Attitudes Study 2022, over 70% of Vietnamese consumers are generally receptive to open banking, especially fintech and non-bank service providers that can open an account for them using their existing data with banks. Photo: VNA The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to USD 5 million to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs), VNA reported. This funding, along with a USD 2 million contribution from the Japan Fund for Prosperous and Resilient Asia and the Pacific, financed by the Government of Japan, will support a technical assistance (TA) project that aims to expand inclusive and climate finance in the country. Fintech has been at the center of the Vietnamese government’s plans to expand financial services to consumers and SMEs. The TA will help the State Bank of V...

Ly Son district is currently home to two festivals named national intangible cultural heritages, Feast and Commemoration Festival for Hoang Sa Soldiers and Tu Linh boat racing festival. Photo: VNA The “Le khao le the linh Hoang Sa” (Feast and Commemoration Festival for Hoang Sa Soldiers) took place at An Vinh communal house in Ly Son district, the central province of Quang Ngai , on May 5 or 16th days of the third lunar month, reported VNA . The event is to pay tribute to the soldiers who sacrificed their lives over the centuries guarding the Hoang Sa (Paracel) and Truong Sa (Spratly). It has been observed through over 400 years by communities on Ly Son island and many coastal areas in the province. It was recognized as a national intangible cultural heritage by the State in 2013. The “Le khao le the linh Hoang Sa” (Feast and Commemoration Festival for Hoang Sa Soldiers) took place at An Vinh communal house in Ly Son district on May 5. Photo: VNA During the ...