Vietnam urges banks to switch to chip cards for better security

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam urges banks to switch to chip cards for better security

The State Bank of Vietnam has urged local banks to switch from magnetic-stripe to chip-based cards to ensure better security for holders and counter the alarming rise in card fraud.

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Hong Kong a potential market for Vietnamese exports

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Báo Tuổi Trẻ English 2 month(s) ago

Hong Kong a potential market for Vietnamese exports

Hong Kong has emerged as a potential export market for Vietnamese products including handicrafts, food, and rattan furniture.

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Cambodia’s textile market share outdoes Vietnam’s in European Union

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Báo Tuổi Trẻ English 3 month(s) ago

Although Vietnam was ranked among the top ten in apparel exports to the European Union in 2015, it was outperformed by one of its neighboring countries.

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HCM City determined to tax Uber

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VietnamNet English 4 month(s) ago 1 related news

HCM City determined to tax Uber

The HCMC Tax Department is seeking to collect taxes from Uber, the operator of the taxi-hailing app, though Uber has shown no signs of cooperation.

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WhatsApp hits 1 billion users, fulfilling Zuckerberg's promise

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Báo Thanh Niên English 4 month(s) ago

WhatsApp hits 1 billion users, fulfilling Zuckerberg's promise

When Facebook Inc.’s Mark Zuckerberg agreed to pay a staggering $19 billion for WhatsApp Inc. in February 2014, his justification was simple: The messaging service was expected to reach 1 billion users and become essential for a sizable slice of the world population.

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Online trading of counterfeit money runs rampant in Vietnam

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Báo Tuổi Trẻ English 4 month(s) ago

Online trading of counterfeit money runs rampant in Vietnam

People in Vietnam are becoming increasingly concerned over a situation in which counterfeit money trading services are being advertised publicly on social media.

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Malaysian firm wins contract for Vietnam’s computerized lottery operation

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Báo Tuổi Trẻ English 4 month(s) ago

Malaysian firm wins contract for Vietnam’s computerized lottery operation

Malaysia’s Berjaya Corp Bhd (BCorp) said Thursday it has been awarded an investment license to operate a nationwide computerized lottery in Vietnam for nearly two decades, after beating out five other international firms with the same proposal.

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Prudential to invest $268mn in Vietnam’s 30-year bonds in 2016

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Báo Tuổi Trẻ English 5 month(s) ago 1 related news

Prudential to invest $268mn in Vietnam’s 30-year bonds in 2016

U.S. insurer Prudential has bought 30-year bonds issued by the Vietnamese government at a whopping VND500 billion (US$22.32 million) and pledged to increase the investment by 12 times within this year.

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Vietnam’s Becamex IDC to launch IPO in H1/2016

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Báo Tuổi Trẻ English 5 month(s) ago

Vietnam’s Becamex IDC to launch IPO in H1/2016

Becamex IDC, a giant industrial investment and development corporation headquartered in the southern province of Binh Duong, is poised to launch an IPO (initial public offering) in the first quarter of this year, which will cut state holdings in the firm by a quarter.

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Vietnam begins setting central rate for VND-USD transactions in de-dollarization bid

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Báo Tuổi Trẻ English 5 month(s) ago 2 related news

Vietnam begins setting central rate for VND-USD transactions in de-dollarization bid

The State Bank of Vietnam (SBV) on Monday set the daily central rate for the dong/dollar at VND21,896, the very first day it adopted a new management mechanism in the hope of giving more flexibility to the foreign exchange rate.

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Vietnam’s foreign capital sees double-digit spike in 2015

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Báo Tuổi Trẻ English 5 month(s) ago

Vietnam’s foreign capital sees double-digit spike in 2015

Double-digit growth has been forecast for both committed and disbursed foreign direct investment (FDI) by the end of 2015, according to new figures released by the General Statistics Office.

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Facebook’s Zuckerberg to donate $45B of stock

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Báo Thanh Niên English 6 month(s) ago

Bloomberg’s Sarah Frier and Tom Metcalf report on Facebook founder Mark Zuckerberg’s plans to give away 99% of Facebook’s stock with Emily Chang on “Bloomberg West.”

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Tractor tax abolished, but farmers still stuck in a rut

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VietStock FI English 6 month(s) ago

Prime Minister Hun Sen’s announcement on Facebook yesterday that the annual tax on vehicles used by limited-income families, including tractors, would be abolished was met with indifference by small-scale farmers, who said high interest rates on loan were a concern, not the negligible tax assessed on farm vehicles.

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Vietnam’s Vietcombank ceases transfer transaction for foreign cardholders

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Báo Tuổi Trẻ English 6 month(s) ago

Vietnam’s Vietcombank ceases transfer transaction for foreign cardholders

Vietcombank, Vietnam's top listed lender by market value, has put an end to the ATM and money transfer services for foreign cardholders due to difficulty in overseeing these transactions, the lender said last week.

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Vietnam sets 6.7% GDP growth goal for 2016

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Báo Tuổi Trẻ English 7 month(s) ago 1 related news

Vietnam sets 6.7% GDP growth goal for 2016

Vietnam's lawmaking National Assembly passed a resolution on Tuesday on the country’s socio-econmic development plan for 2016, including a GDP growth target of 6.7 percent.

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