Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VND500,000 (US$22) following the move of the National Payment Corporation of Viet Nam (NAPAS) to cut switching fees with an aim to promote cashless payments. … [Read more...] about Seventeen banks slash interbank transfer fees from Tuesday
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To help farmers who have been hit by the novel coronavirus (COVID-19) epidemic’s adverse impact on exports, especially to China, the country’s largest buyer of farm produce, South Korea’s Shinhan Bank Vietnam Ltd. has bought 16.5 tonnes of watermelons from them and gifted them to its employees. … [Read more...] about Shinhan Bank pitches in to help VN farmers
The share issuance filing has been submitted to the State Securities Commission (SSC) and MB Bank has to make a final report on the deal within 10 days from the issuance date. … [Read more...] about MB Bank sells shares in a private deal
Specifically, 10 banks, including Vietnam Technological and Commercial Joint Stock Bank, VietCapital Bank, Vietnam Prosperity Joint Stock Commercial Bank and Tien Phong Bank, have offered the service at no charge, while Bank for Investment and Development of Vietnam, Kienlongbank, Saigon Bank for Industry and Trade and Cooperative Bank of Vietnam have charged a maximum of VND2,000 per transaction. … [Read more...] about Multiple banks cut fees for interbank money transfer service
Recent figures by the Vietnam E-commerce Association show that global OTAs such as Agoda.com, Booking.com, Traveloka.com, and Expedia.com are holding 80 per cent of the nation’s market share. A large proportion of international visitors use services provided by foreign OTAs. Many local visitors have also used services provided by foreign OTAs. … [Read more...] about An internet economy: a golden treasure trove?