MyVIB mobile banking application. — VNS Photo Vietnam International Bank (VIB) has won two international digital banking awards from The Asset, making it the first bank in Viet Nam to receive the awards for three consecutive years. The awards aim to honour finance institutions and technology companies that achieve outstanding results in developing and applying digital technology in the Asia Pacific region (including Japan and Australia). The Asset is a widely recognised business news and research organisation, delivering authoritative, unbiased and independent coverage on Asia’s financial industry. Since its launch in 1999, The Asset has been providing essential news, analysis and insights addressed to a distinct community of corporate leaders and financial decision-makers. “Viet Nam is an ideal market for the advancement of digital financial services. In this regard, VIB has been quite vocal in its efforts to push for inclusive digital banking in the country. For … [Read more...] about VIB wins two international digital banking awards
Award winning user interface design
BUSINESS NEWS IN BRIEF 29/3
Vietnam National Administration of Tourism, Vietjet sign MoU At the MoU signing ceremony (Photo: hanoimoi.com.vn) The Vietnam National Administration of Tourism (VNAT) and Vietjet Air signed in Hanoi on March 28 a Memorandum of Understanding on cooperation for 2019 – 2021. Under the MoU, the two sides will work together to increase promotion on mass media; introduce publications, documents and market researches; cooperate in an international tourism fair and Vietnamese tourism abroad; and organise domestic destination surveys and events. The MoU provides travel opportunities and convenience for Vietnamese people and international tourists, connecting Vietnam to destinations around the world, where Vietjet has direct flights. This is also a concrete effort to contribute to the implementation of the growth target plan assigned by the Prime Minister to welcome about 18 million international visitors to Vietnam in 2019. With a wide flight network of 39 domestic routes and 69 … [Read more...] about BUSINESS NEWS IN BRIEF 29/3
BUSINESS NEWS IN BRIEF 11/11
Vietnam’s rice exports hit 5.2 million tonnes in ten months Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year. China remained the leading importer of Vietnamese rice with a growth rate of 24 percent. Strong rises were also seen in many other markets, such as Indonesia, Iraq, the Philippines, and Malaysia. Average rice prices in the first nine months of 2018 reached 503 USD per tonne, up 13.7 percent year-on-year. The highest price was recorded for Jasmine rice with 575 USD per tonne, followed by Japonica with 526 USD per tonne. The export of medium- and high-quality rice increased, while that of low quality types reduced, now accounting for just 2 percent of the total export volume. [Video: Vietnamese rice now top quality on the international market] On October 18 this year, the Philippines closed its bidding and … [Read more...] about BUSINESS NEWS IN BRIEF 11/11
BUSINESS IN BRIEF 13/7
Hanoi shames over 300 tax defaulters Hanoi Tax Department has publicly named 331 firms who owning taxes and land rental fees valued at VND2.48trn (USD107m). 12 firms own over VND546bn (USD23.60m) in taxes, of which Lilama Hanoi owns VND111bn and Mecomic JSC owns VND60bn. 16 firms own nearly VND1.30trn (USD56.25m) in land rental fees. Lung Do 5 Development and Investment JSC leads the list with VND342bn, followed by Hoang Ha Construction JSC with VND158bn and CT Vietnam International JSC with VND122bn. Lilama Hanoi also owns VND67bn in land rental fees. The authorities have applied various measures including withdrawing the fees from the companies' accounts but have still been unable to recover the tax arrears. Since early 2018, Hanoi Tax Department has publicly named 690 companies that still owe tax arrears. As of now, 198 companies have paid nearly VND47.60bn (USD2m) of the VND1.47trn. The department has warned the firms to pay their taxes before stricter measures are applied. Shrimp … [Read more...] about BUSINESS IN BRIEF 13/7