Vietnam starts online grant of international driving permit

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SaiGon GP English 2 day(s) ago

The Directorate for Roads of Vietnam yesterday said that they have officially launched the online international driving permit (IDP) granting service.

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FinTech - Solution or Challenge to Vietnamese Consumer Finance companies?

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Báo Đầu Tư English 6 day(s) ago

FinTech - Solution or Challenge to Vietnamese Consumer Finance companies?

The Vietnamese Consumer Finance Market (CF) has witnessed the fastest growth in 2015 domestic and foreign-owned finance companies are in a fierce competition for a slice of the consumer loans market.

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Ha Tinh collects $246,000 tax arrears from Taiwanese firm

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SaiGon GP English 1 week(s) ago

The Customs Department in the north central province of Ha Tinh has issued a decision to collect nearly VND5.49 billion (US$245,610) in tax arrears from Hung Nghiep Formosa Ha Tinh Company (FHS).

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Consumer finance market soars

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SaiGon GP English 1 week(s) ago

Consumer finance market soars

Viet Nam’s consumer loans hit a five-year record high of US$15.12 billion last year, according to a new report from local market research company StoxPlus.

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Malaysia's central bank says confident government will honor debt obligations

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Báo Thanh Niên English 2 week(s) ago

Malaysia's central bank says confident government will honor debt obligations

Malaysia's new central bank governor said he was confident the government would honor all its debt obligations, as a deadline loomed on Wednesday for troubled state fund 1MDB to make a coupon payment on a $1.75 billion bond.

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True Money inks deal with Chamroeun MFI

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VietStock FI English 3 week(s) ago

Mobile payment provider True Money Cambodia signed a memorandum of understanding with Chamroeun Microfinance yesterday to facilitate bill payment for the microlender’s clients, the company said in a press release.

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Riel fund transfers to expand under FAST system

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VietStock FI English 3 week(s) ago

Two weeks since the central bank launched its FAST system, which provides instant riel-denominated fund transfers between banking institutions, operations are running smoothly, with usage of the new electronic payment system expected to pick up as it integrates more customers.

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Port operator to distribute first dividends in 2017

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VietStock FI English 3 week(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 3 week(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 3 week(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 month(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 month(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 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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NBC reveals interbank fund payment service

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VietStock FI English 1 month(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 1 month(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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