Hanoi (VNA) – The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit. The seven banks are Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Ban Viet Joint Stock Commercial Bank (Viet Capital Bank), Asia Commercial Bank (ACB), HCM City Housing Development Commercial Joint Stock Bank (HDB), Bao Viet Bank (BVB), Sai Gon Thuong Tin (Sacombank) and Vietnam Thuong Tin (Vietbank). The cards will be accepted at more than 235,300 points of sale and 14,380 ATMs nationwide. Cardholders can also withdraw cash at ATMs of Napas’ partners in the Republic of Korea and ASEAN countries of Thailand and Malaysia. Cardholders will be given an interest-free period of up to 55 days compared to the typical 45 days. The acceptance points will have to pay fees of about 1.1-1.3 percent of the transaction values, lower than other … [Read more...] about Banks launch domestic credit chip cards
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Vietnam GDP growth to be among world’s highest in 2020: IMF
Vietnam’s growth would be among the highest in the world, thanks to its successful containment of the Covid-19 pandemic, Era Dabla Norris, mission chief to Vietnam and division chief in the IMF’s Asia and Pacific department, said at the end of her team’s virtual mission to Vietnam from October 15 to November 13. … [Read more...] about Vietnam GDP growth to be among world’s highest in 2020: IMF
Vietnam’s economy retains strong growth momentum: ADB
ADB also pointed out numerous factors affecting the economic growth, including US-China trade war and the ratification of the Comprehensive Progressive Trans-Pacific Partnership. According to the organization, manufacturing and private consumption sectors will be the next growth engine for Vietnam this year. … [Read more...] about Vietnam’s economy retains strong growth momentum: ADB
HDBank achieves 2020targets, bad debts ratio at a mere 0.93%
So it was also honoured with the Top 10 Sustainable Businesses in Viet Nam award for a second straight year by the Viet Nam Chamber of Commerce and Industry and named among the top 20 companies in the Sustainable Development Index basket put out by the Ho Chi Minh Stock Exchange. … [Read more...] about HDBank achieves 2020targets, bad debts ratio at a mere 0.93%
The war in Cambodia was a ’war of justice’: Vietnamese General
I still remember this story. When our forces entered the villages in Cambodia, we noticed that all Buddha statues in their pagodas were beheaded – the perpetrator being Pol Pot’s army. We tried to find all the missing pieces, restoring the statues back to their original states and invited monks who were scared of Khmer Rouge persecution to even admit their faith to tend the pagodas again. … [Read more...] about The war in Cambodia was a ’war of justice’: Vietnamese General