Remittance ‘grey market’ thrives towards year-end

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VietnamNet English 1 day(s) ago

Remittance ‘grey market’ thrives towards year-end

VietNamNet Bridge – Remittances are pouring into Vietnam towards the year’s end, but most of this money is bypassing the official banking sector.

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Vietnam spends big money on Chinese phones

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VietnamNet English 3 day(s) ago

Vietnam spends big money on Chinese phones

VietNamNet Bridge – About 96 percent of the mobile phones imported to Vietnam in 2013 are from China, a report shows.

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Vietnam family makes a school out of ancient oil lamps

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Báo Tuổi Trẻ English 3 day(s) ago

Vietnam family makes a school out of ancient oil lamps

A preschool and a scholarship foundation have been in operation in central Vietnam for two years thanks to the money a local family exchanged their ancient oil lamps for.

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Vietnam jails bankers for gambling away deposits

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Báo Thanh Niên English 6 day(s) ago

Vietnam jails bankers for gambling away deposits

A court in the Central Highlands province of Lam Dong on Monday sent two Agribank employees to prison for gambling away over US$560,000 of other people's money.

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Record remittances bode well for GDP outlook

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VOV News English 3 day(s) ago 1 related news

Record remittances bode well for GDP outlook

(VOV) - Every day, Overseas Vietnamese (OVs) wire home money they are able to save to family members and friends. These remittances play a key role in the socio-economic development of the beneficiaries and communities where it is received.

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Chinese criminals blamed for record Japan bank cybertheft

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Báo Thanh Niên English 4 day(s) ago

Chinese criminals blamed for record Japan bank cybertheft

Japanese savers keeping their money in banks are falling prey to cybertheft in record numbers, and police say Chinese crime groups are increasingly to blame.

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Will lending in foreign currencies be stopped sooner than expected?

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VietnamNet English 4 day(s) ago

Will lending in foreign currencies be stopped sooner than expected?

VietNamNet Bridge – Businesses are “reading between the lines” and assuming that they will not be able to borrow money in foreign currencies from early 2015.

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EU budget for 2015 clears last hurdle

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Báo Đầu Tư English 4 day(s) ago

EU budget for 2015 clears last hurdle

The European parliament has adopted a budget for next year that sets aside €141.2 billion (US$175.8 billion) in payments and €8 billion in seed money to launch the new commission's investment plan to revive the bloc's economy.

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SOEs cop blame for public debt

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VietNam News English 4 day(s) ago

SOEs may cease to be the engine of the national economy if they don't speed up restructuring. Phung Duc Kien, National Assembly Deputy, tells Thoi bao Kinh te Viet Nam (Viet Nam Economic Times).

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Remittance ‘grey market’ thrives towards year-end

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Báo Đầu Tư English 5 day(s) ago

Remittance ‘grey market’ thrives towards year-end

Remittances are pouring into Vietnam towards the year’s end, but most of this money is bypassing the official banking sector.

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Flappy Bird creator on top Web millionaire list

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VietNam News English 6 day(s) ago

American entertainment website TheRichest has listed Nguyen Ha Dong, the Vietnamese creator of the Flappy Bird game, among the top 10 Internet millionaires who made money out of thin air.

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Microsoft lets US shoppers pay with Bitcoin

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Báo Đầu Tư English 1 week(s) ago

Microsoft lets US shoppers pay with Bitcoin

Bitcoin, traded in at market value through a partnership with payment processor BitPay, could be used to add money to Microsoft accounts that provide funds for buying games, music, video or applications for Xbox consoles or computers powered by the US technology titan's Windows operating systems.

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Scientists propose tax incentives for waste paper collection

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VietnamNet English 1 week(s) ago

VietNamNet Bridge – Instead of wasting a lot of money burying or burning scrap paper, with the resulting environmental pollution, scientists say it would be better to spend funds on encouraging companies to collect and re-use scrap paper.

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‘Black market bank’ Liberty Reserve officer gets 5 years

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Báo Thanh Niên English 1 week(s) ago

‘Black market bank’ Liberty Reserve officer gets 5 years

The former chief technology officer of Liberty Reserve SA, described by the U.S. as a “black-market bank” that masked more than $6 billion in criminal proceeds, was sentenced to five years in prison for helping run an illegal money-remitting business.

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Swiss lawmakers vote for heightened financial scrutiny of sports officials

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Báo Thanh Niên English 1 week(s) ago

Swiss lawmakers vote for heightened financial scrutiny of sports officials in order to prevent money laundering and bribery.

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