Port operator to distribute first dividends in 2017

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VietStock FI English 21 hour(s) ago

Port operator to distribute first dividends in 2017

Phnom Penh Autonomous Port (PPAP), which debuted on Cambodia’s stock market last December, announced that it will hold off on distributing its first dividend payment to shareholders until March or April 2017, according to a filing issued on Friday.

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True Money to extend services to Niron MFI

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VietStock FI English 21 hour(s) ago

True Money to extend services to Niron MFI

Mobile payment provider True Money Cambodia signed a memorandum of understanding with local microfinance institution Niron Mikroheranhvatho Plc on Friday to facilitate bill payments for the microlender’s 60,000 customers.

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Taxi firms fight for fare share

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Báo Đầu Tư English 1 day(s) ago

Taxi firms fight for fare share

Domestic taxi firms are stepping up their game to compete against foreign transport services like Uber and Grab.

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Burgeoning offshore deposits no cause for alarm

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Báo Đầu Tư English 1 week(s) ago

Burgeoning offshore deposits no cause for alarm

The other investment account in Vietnam’s balance of payment (BOP) that was bolstered up to a whooping $7.3 billion in the third quarter last year was not something unusual or alarming. Eugenia Victorino, ANZ Banking Group’s economist for the ASEAN and Pacific region, explains the phenomenon to VIR’s Trang Nguyen.

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MoF dashes MoIT’s bid for steel plant tax exemption

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Báo Đầu Tư English 1 week(s) ago

MoF dashes MoIT’s bid for steel plant tax exemption

The implementation of the second phase in the mammoth Thai Nguyen Iron and Steel expansion project is hanging in the balance after the Ministry of Finance disagreed with most of the incentive proposals necessary to the project’s resumption.

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Vietnam urges banks to switch to chip cards for better security

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Báo Tuổi Trẻ English 1 week(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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NBC reveals interbank fund payment service

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VietStock FI English 1 week(s) ago

The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday.

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City hospitals strive to reduce overcrowding

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SaiGon GP English 2 week(s) ago

One of solution to reduce overloading at state-owned hospitals in Ho Chi Minh City is to combine state and private hospitals, said at a meeting between managers of state hospitals yesterday.

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World Bank expert talks down fears over rising public debt

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Báo Dân Trí English 3 week(s) ago

World Bank expert talks down fears over rising public debt

Vietnam's public debt may quickly exceed the ceiling set at 65% of GDP, which will result in the national economy's budget risks, warned a World Bank economist.

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BOT highway developer faces toll collection cessation sanction

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Báo Đầu Tư English 3 week(s) ago

BOT highway developer faces toll collection cessation sanction

The developer of National Highway 51 may face disruption in their toll collection if they fail to fulfill obligations on completing finalisation procedures with related contractors before the September 30 deadline.

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France bars payment for sex

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Báo Thanh Niên English 3 week(s) ago

French sex workers protest as the country's lower house bans payments from clients.

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Agribank awarded with Best International Payment

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Báo điện tử CP English 3 week(s) ago

Agribank awarded with Best International Payment

VGP - The Viet Nam Bank for Agriculture and Rural Development (Agribank) was given the Best International Payment 2015 award by the UK’s Standard Chartered Bank (SCB).

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Vietnam firm rapped for poor resolution of dispute with Japanese confectioner

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam firm rapped for poor resolution of dispute with Japanese confectioner

The operator of an industrial park in the southern Vietnamese province of Long An is being criticized for resolving a dispute over maintenance fee payment with a Japanese candy maker in an inappropriate way.

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Push for mobile banking growth

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VietStock FI English 1 month(s) ago

Push for mobile banking growth

Cambodia's central bank wants to increase the usage of mobile banking services, especially in far-flung rural areas, by encouraging Cambodians to open bank accounts and avail the convenience and secure nature afforded by digital banking.

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Gov’t dismisses gaming kickback claim as ‘baseless’

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VietStock FI English 1 month(s) ago

A Cambodian government official has described allegations made by Australian media group Fairfax Media as “baseless” and untrue after its investigation claimed that Prime Minister Hun Sen’s family received a large payment in 2010 from Australian gaming firm Tabcorp, which was exploring the possibility of obtaining a gaming licence at the time.

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