Credit

Expat Interest Wellness-focused credit cards launched in Vietnam By Minh Tuan Thursday,  Dec 12, 2019,16:28 (GMT+7) Wellness-focused credit cards launched in VietnamBy Minh Tuan VPBank Deputy CEO Phung Duy Khuong (L) and Dane Fort, California Fitness Group Chief Executive Officer, pose for a photo at the launching ceremony of VPBank-California Fitness Platinum and VPBank-California Centuryon Signature credit cards in HCMC on December 10 - PHOTO: COURTESY OF CALIFORNIA FITNESS GROUP HCMC - California Fitness Group and VPBank on December 10 launched two new co-branded credit cards, which represent their ambitions to help Vietnam become healthy, wealthy and wise. The launching of VPBank-California Fitness Platinum Credit Card and VPBank-California Centuryon Signature Credit Card marks the first time a fitness brand and a bank have partnered on wellness-focused credit cards anywhere in the world. “As we come in to the … [Read more...] about Wellness-focused credit cards launched in Vietnam

Coach Park Hang Seo has no time to celebrate Vietnam’s ticket to the 2019 AFC Asian Cup in UAE Coach Park Hang Seo has led Vietnam to secure a berth at the 2019 AFC Asian Cup in his debut with the team this week, but the South Korean did not have time to delight in his mission accomplished. Park, who was appointed the Vietnam coach in October, has in fact been criticized for his lackluster leadership in the first official game with the team, a goalless draw against Afghanistan on home soil in the 2019 Asian Cup qualifying game on Tuesday. Vietnam have booked a place in the finals, to take place in the United Arab Emirates in January-February 2019, one match before the qualifiers finish, but the South Korean coach could not take much credit for this achievement. “In their first match under new Korean coach Park Hang-seo, Vietnam was a shadow of the side that we’ve seen evolve over the past couple of years,” Scott McIntyre wrote on Fox Sports. Park only began to … [Read more...] about ​​Korean coach given little credit despite Vietnam securing ticket to Asian Cup

Amid the context that the State Bank of Vietnam (SBV) tightened credit to real estate sector as well as other risky sectors and banks, at the same time, have to restructure their capital structure to meet regulations about reducing the ratio of short-term loans for middle and long-term loans in accordance with the Circular No.19 of the SBV, commercial banks have offered various credit packages with preferential interest rates for peak business season at the end of the year. Particularly, Eximbank puts aside VND4 trillion for small and medium sized enterprises to be proactive in business capital with interest rate from 6.99 percent per annum. VPBank supports 80 percent of the loan value. The maximum loan duration is eight years and disbursement is within four hours with interest rate levels of 6.9 percent per annum, 7.9 percent per annum and 8.9 percent per annum fixed in first three months, six months and twelve months respectively. Nam A Bank is offering small and medium sized … [Read more...] about Banks promote business loans at year’s end

At a branch of the Bank for Social Policies in Quang Binh district. (http://baohagiang.vn) By the end of last year, more than 1,000 local households had applied for loans totaling more than US$3.7 million. Nguyen Van Son’s family in Mac Ha hamlet is a case in point. He spent US$95,000 in March on a farm where he raises a herd of breeding pigs and pigs for market. Now he has expanded the farm to include 5,000 fowl and has hired 2 employees for more than US$200 a month. Vang Sao Thanh of Yen Thanh hamlet borrowed US$4,300 to raise cattle and poultry. Thanh says in one year the model has helped his family stabilize their life. “The government’s loan that is interest-free for 3 years has enabled us to raise breeding buffalos. In 3 years, we will be able to repay the loan. Until we have to repay the government, we can buy additional buffalos to increase our capital,” Thanh said. A resident in Ban Ria hamlet, Ha Giang province uses the Government's soft … [Read more...] about Government’s preferential credit aids agricultural development in Ha Giang

Vietnam scored an average 61.4 to move from ‘Fair’ to ‘Good’ this year, according to a report released by OpenSignal, a U.K.-based independent global standard for measuring real world mobile network experience. OpenSignal analyzed user experience while viewing video content on mobile devices across 100 countries and territories, based on analysis of 94 billion measurements taken between August 1 and October 30 this year, involving nearly 37.7 billion devices. Vietnam's mobile video quality is better than Southeast Asian neighbors like Laos (54th), Malaysia (66th), Thailand (77th) and Cambodia (85th). Improvement in mobile video experience among Vietnamese users has been credited to the upgrade of internet connectivity, the report states.   Vietnamese telecoms started piloting 4G, the fourth generation broadband cellular network technology, succeeding 3G, in December 2015. The government plans to expand coverage to 95 percent of the population by 2020. Local … [Read more...] about Vietnam streams ahead of neighbors in mobile video experience: report