How to calculate bank interest rate

Earlier this month banks lowered their 12-month deposit rates to 5.8 percent, the lowest in years, after the State Bank of Vietnam cut its policy rates for the fourth time this year to boost the economy. The deposit rates were around 7 percent at the beginning of this year. … [Read more...] about Stock trading accounts surge as bank interest rates fall

Enable B2B payments on credit cards . CardUp allows businesses to use their credit cards to pay business expenses to non-card accepting recipients, which includes payroll, supplier invoices, rent and more. Improve cash flow . Businesses can improve their cash flow by using CardUp's platform to obtain up to almost two months of interest-free credit and early settlement discounts. This solution, coupled with competitive rates presented by their status as a Visa BPSP, presents an extremely cost-effective way for companies to access working capital. It is also much easier for them to obtain these funds, without any lengthy and cumbersome applications or heavy documentation required for loans. Digitise processes . CardUp provides businesses a digital interface where they can schedule recurring payments and monitor payment statuses all from one dashboard -- allowing them to easily leverage data to track and reconcile payments. CardUp's platform also equips businesses with invoice … [Read more...] about CardUp Launches Operations In Hong Kong And Announces Visa Partnership To Offer Businesses Instant Access To Business Credit At Competitive Rates

“From June until now, the province has implemented many activities to stimulate tourism demand such as launching tourism promotions and discounts. Many enterprises providing tourism services such as dining, accommodation, sightseeing have offered discounts from 30 to 50 per cent compared to normal days while many flights to Đà Lạt have also offered similar discounts,” said Nguyễn Thị Nguyên, the Director of the Department of Culture, Sports and Tourism of Lâm Đồng Province. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES DECEMBER 2

In addition to local authorised partners, the two tech titans have dozens of thousands of advertisers who are mainly small- and medium-sized enterprises and individual online vendors. However, only a few dozens of authorised partners have been paying foreign contractor withholding tax for Facebook and Google at the rate of 5 per cent. … [Read more...] about Indonesian government obligates global tech titans to obey tax duty

A senior expert from the Asian Development Bank in Vietnam told VIR that much remains to be done for Vietnam to help these enterprises in this regard. “Low quality is the key constraint that hinders the domestic private sector in joining GVCs. The low-quality problem has become increasingly acute when technical, quarantine, environment, and health requirements become more stringent as Vietnam is expanding its market access domestically and globally,” he said. … [Read more...] about Businesses line up for further support