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Representatives of the two firms pose for a photo at the launch of HSBC TravelOne credit card in Viet Nam. — Photo courtesy of HSBC HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) and Mastercard have announced the launch of the HSBC TravelOne credit card in Viet Nam, tailored for travel enthusiasts who want greater flexibility, convenience and incentives as they embrace new experiences in the post-pandemic travel boom. Launched in partnership with Mastercard, the HSBC TravelOne credit card offers an easy rewards redemption experience with a wide range of international airlines and hotel partners via the HSBC Vietnam mobile banking app. HSBC is one of the first banks in Viet Nam to offer customers the convenience of instantly redeeming their card reward points for a wide range of airline miles and hotel stays via their mobile app. Viet Nam is one of the first batch of markets where HSBC will launch this card. TravelOne credit card furthers HSBC's wealth and personal banking strategy by … [Read more...] about HSBC, Mastercard launch new credit card in Viet Nam

Quality attendance sets new standards at Vinexpo Asia 2023 The expo exceeded expectations with a highly qualified attendance, substantial business generation, and unparalleled knowledge sharing, solidifying its position as the premier gathering for industry professionals in the region. Vinexpo Asia 2023 witnessed an impressive turnout, with a remarkable and diverse almost 10,000 professionals hailing from 64 countries, with the top five visiting countries being Singapore, China, Malaysia, Vietnam and Thailand. The event attracted top-quality buyers, 80 per cent of which have trade and retail activities in the region, providing exhibitors with many business opportunities, whereas 20 per cent were from media, education and institutional organisations. Highlighting its significance on an international scale, the trade show also welcomed prestigious institutional visits, including ambassadors and high commissioners from 19 countries ambassadors from 16 countries, featuring the … [Read more...] about Vinexpo Asia 2023 makes big impression

Sacombank has deployed the SWIFT Go overseas money transfer service with quick procedures and low fees to meet the needs of individual and corporate customers. — Photo courtesy of the bank Sacombank has rolled out the SWIFT Go overseas money transfer service for individual and corporate customers with quick procedures and low fees. It enables transfers of US dollars of up to US$10,000 to pay overseas suppliers and for overseas studies and medical treatment and others as permitted by regulations. Overseas beneficiaries can receive the money at Sacombank’s associated banks within four hours of transfer. SWIFT Go is a service provided by the Association for Worldwide Interbank Financial Telecommunication, or SWIFT as it is commonly known, that enables banks to look up and update payment processing information in real time. It has created a new standard in international payments with outstanding features such as time and cost savings and faster processing speed. The … [Read more...] about Sacombank offers rapid international money transfer via SWIFT Go

Huan has also had to sell his car after gasoline prices surged. "When the price of gasoline dramatically surged, the price of everything went up," he said. "A dozen eggs used to sell for around US$1.80, but then it doubled and tripled before settling on around US$2-3 now." A woman is shopping at a local market in Nice, France on June 7, 2022. Photo by Reuters Van Lam, a Vietnamese restaurant owner in Germany, has experienced the same problem. "I used to live comfortably spending around 500 euros a month," he said. "But now, I have to spend between 800 and 900 euros, or even up to 1,000 euros, to maintain that quality of life." For Thu Hong, a Vietnamese nail salon owner in the U.S., things have not been any different: "Prices of everything have gone up," she said. U.S. prices of goods and services are currently 8% higher than they were last year, according to a recent CNBC report. Combined with decreased incomes post-pandemic, analysts and everyday people … [Read more...] about The West’s Vietnamese residents battle living cost spikes

The esteemed accolade was presented by The Global Economics (TGE) magazine at The Global Economics Awards, an annual event to acknowledge and honour businesses around the world who have performed exceptionally in various sectors including banking, finance, real estate, insurance, energy, and technology. Mcredit had to undergo a rigorous evaluation process based on TGE’s comprehensive review criteria such as customer feedback, market access methodology, product and service quality, interface and application usability, innovation, as well as growth targets. With its customer-centric business philosophy, Mcredit understands customers' needs and difficulties when it comes to consumer loans and continually improves and develops its smart financial solutions to help people access capital quickly and conveniently. Common obstacles encountered by customers, such as difficulties in proving financial status, dealing with complex and drawn out inquiries, and the desire to … [Read more...] about Mcredit wins ‘Best Consumer Finance Company’ once again

The co-operation signing ceremony between Visa and SmartPay to provide digital payment solutions to MSMEs. — Photo Courtesy Visa Vietnam Visa has announced a partnership with SmartPay, a leading Vietnamese fintech company, to spread digital payment solutions to Viet Nam’s micro, small and medium-sized enterprises (MSMEs). Together, Visa said, the two companies will empower MSMEs with essential tools, such as point-of-sales (POS) terminals, that they need to compete in the burgeoning digital payment era. “A lack of infrastructure, especially POS terminals, is becoming a profound challenge for MSMEs to keep up with the digital transformation taking place in Viet Nam. Demand for POS devices in the second quarter of 2022 was about 1.2 million devices, and SmartPay’s goal in the next three years is to provide 325,000 POS devices, or nearly 30 per cent of the total market share,” said Marek Forysiak, SmartPay’s Chairman. “This partnership is part of the broader effort of Visa and … [Read more...] about Visa partners with SmartPay to provide digital payment solutions to MSMEs

California Capital Building and California Sky City Tower will be renewing their lease contracts in Hanoi. The decision to preserve the gold position for these centres marks an important milestone, demonstrating the shared vision and values ​​between California Fitness and its partners. The signing ceremony to renew the space lease contract between California Fitness and its partners took place on May 26 at California Sky City Tower in Lang Ha, Hanoi This ensures that California will continue to maintain a high-quality facility that promotes a sense of community, enhances motivation, and supports the personal growth of its members. The move affirms California Fitness's dedication to creating the ultimate fitness experience at every level, from beginners to experienced athletes. Dane Fort, general director of FLG Vietnam, which owns the California Fitness brand, said: "California Capital Building and Sky City Tower are two of our oldest clubs. The lease term at … [Read more...] about California Fitness spends $25 million on Vietnam market operations

Of the measures, the implementation of the Law on Fisheries is a key part of the inspection relating to fishing activities. Relevant parties, particularly the border guards, the coast guards, and the Ministry of Agriculture and Rural Development have been jointly raising the awareness of law compliance for fishermen. In the Southern region, the Coast Guard Region 4 Command has conducted many communications activities to raise awareness on IUU fishing. From the end of March, it and the Agriculture and Rural Development in Ben Tre province organized events providing local fishermen with proper information on the prevention of IUU fishing, measures to verify and handle violations, the basic content of the Law on Coast Guard 2018, legal documents on prevention and combat of IUU fishing, and the situation of fishing vessels/fishermen in the area violating foreign waters, consequences, causes, and solutions. Border guards and other agencies are actively monitoring and inspecting … [Read more...] about Joint efforts exerted to fight IUU fishing

National Assembly Chairman Vuong Dinh Hue (R) and Deputy Speaker of the Chamber of Deputies of the Czech parliament Jan Bartosek . (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue on May 23 affirmed that the Czech Republic is a very important partner of Vietnam in Central-Eastern Europe, during his reception for Deputy Speaker of the Chamber of Deputies of the Czech parliament Jan Bartosek in Hanoi on May 23. Hue hailed the outcomes of the talks between Bartosek and NA Vice Chairman Nguyen Duc Hai, which took place earlier the same day, and stressed that the Czech legislator’s Vietnam visit contributes to boosting cooperation between the two countries in general and their legislative bodies in particular. Vietnam always attaches importance to developing relations with traditional friends in Central-Eastern Europe, including the Czech Republic, he said, noting that the bilateral political and diplomatic ties have been developing fruitfully, and … [Read more...] about Czech Republic – a very important partner of Vietnam: NA Chairman

National Assembly (N.A.) Chairman Vuong Dinh Hue hailed the outcomes of the talks between Bartosek and N.A. Vice Chairman Nguyen Duc Hai, which took place earlier the same day, and stressed that the Czech legislator’s Vietnam visit contributes to boosting cooperation between the two countries in general and their legislative bodies in particular. Vietnam always attaches importance to developing relations with traditional friends in Central-Eastern Europe, including the Czech Republic, he said, noting that the bilateral political and diplomatic ties have been developing fruitfully, and agencies of the two governments and legislatures have maintained all-level delegation exchanges. N.A. Chairman Vuong Dinh Hue used the occasion to thank the Czech Republic and other traditional friends for their support for Vietnam during its past struggle for national liberation, as well as the present cause of national construction and development, highlighting that thousands of Vietnamese … [Read more...] about Czech Republic – a very important partner of Vietnam: N.A. Chairman