Vietnam debates OTP safety following $22,300 bank account hack

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam debates OTP safety following $22,300 bank account hack

A recent incident involving a state-bank cardholder who had VND500 million (US$22,300) in her ATM account withdrawn overnight has become a case study as to whether an OTP, or a one-time password, in Internet banking is really safe.

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Honda Vietnam’s profit tops $403mn in 2015

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Báo Tuổi Trẻ English 2 week(s) ago

Honda Vietnam’s profit tops $403mn in 2015

Honda Vietnam, the local subsidiary of the multinational conglomerate Honda, managed to rack up even more profit in 2015, despite a saturating motorcycle market.

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Foreign investors spend $3bn on capital contribution, stock in Vietnam in past year

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Báo Tuổi Trẻ English 2 week(s) ago

Foreign investors spend $3bn on capital contribution, stock in Vietnam in past year

More foreign investors have been investing via capital contributions and stock purchases in Vietnam over the last year, the Foreign Investment Agency has said.

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Chinese banana grower keen to start plantation

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VietStock FI English 3 week(s) ago

A Chinese agricultural company has agreed to establish a banana plantation in Cambodia, according to a senior government official.

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Central bank allays dollar concerns

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VietStock FI English 2 month(s) ago

Central bank allays dollar concerns

The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies.

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Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

A Vietnamese bank has revealed that a popular Ho Chi Minh City bus line is among its major bad debtors, with disputes over the company’s financial obligations only solved following legal proceedings.

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Vietnam urges banks to switch to chip cards for better security

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Báo Tuổi Trẻ English 4 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 5 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 6 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 7 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 7 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 7 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 7 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 8 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 8 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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