The economy's stable growth rate and the strong development of the tourism industry are attracting foreign car rental brands to Vietnam. Through cooperation with New City Rent a Car, Hertz will provide a wide range of services in Vietnam that fit the demand and budgets of customers. The economy's stable growth rate and the strong development of the tourism industry are attracting foreign car rental brands to Vietnam. Citing figures about the rapid growth in number of tourists in large cities, Phu affirmed that Vietnam has great potential for car rental services. Other foreign car rental brands came to Vietnam before Hertz. Enterprise, with 60-year operation in the US, is one of them. Linh Ha More streets in HCM City to be identified for parking cars The HCM City People’s Committee has instructed the Department of Transport to co-ordinate with districts to identify more streets to be used for parking cars. Online car sales not clicking with customers With … [Read more...] about Foreign car-rental firms flock to Vietnam
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Murray, who won his first ATP tour singles match in nine months in Tuesday’s first round, battled for two hours and 42 minutes on court before his 20-year-old opponent prevailed. Meanwhile, top seed Stefanos Tsitsipas was forced to retire from his last-16 encounter with Adrian Mannarino before the deciding third set after he complained of shortness of breath. * Australian Adam Scott birdied two of his final three holes to grab a one-shot clubhouse lead over former British Open champion Francesco Molinari in the first round of the Safeway Open in Napa, California on Thursday. Former Masters winner Scott, who started on the back nine at the Silverado Resort, mixed an eagle with six birdies and a bogey for a seven-under-par 65. * The first ever esports cycling world championships will take place next year after a deal between governing body the UCI and the popular online training platform Zwift. Announced at a pop-up bar in Harrogate on Thursday during the UCI Road World … [Read more...] about Murray bows out in Zhuhai, Tsitsipas forced to retire
Riverbus aims to fully tap potential Out on the open water, passengers can escape the traffic and smog on the roads, and take the time to relax. The service has quickly attracted customers, especially during holidays, New Year and weekends. With more than 80 percent of the passengers being tourists, the service has hit some shortcomings By mid 2020, all nine routes of the river-bus service will be fully completed and open for service, striving to become a friendly and helpful mode of transport for local commuters./. Lotus adds money to pockets of farmers in Kien Giang The initial investment to start growing lotus flowers is around half of what it takes to plant rice, while it requires less manpower to take care of the flowers. In just four months, farmers earn an average profit of 1,300 USD per hectare. Nha Sap and Cong Ca villages in Vinh Dieu commune have been piloting lotus cultivation since 2018. Over the past year, experts have concluded that lotus flowers are compatible with … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 21
All banks in the country have to adopt the standard version of Basel II and then switch to the advanced version by 2025. — Photo baokiemtoannhanuoc.vn In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy. Also, by 2025 all banks in the country have to adopt the standard version of Basel II and then switch to the advanced version. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on banking supervision. It comprises minimum capital requirements, supervisory review and market discipline to enhance competition and transparency in the banking system and make banks more resistant to market changes. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. However, the SBV has allowed 10 banks to adopt Basel II standards earlier than the 2020 deadline. They are Joint Stock … [Read more...] about Basel II deadline rapidly approaching, are banks on course to meet norms?