A new digital cross-border payments platform, Nium enables users to make real-time money transfers to Visa debit cardholders across Southeast Asia including Viet Nam. — Photo Courtesy Visa Vietnam Nium Pte Ltd, a digital cross-border payments platform, is enabling users to make real-time money transfers to Visa debit cardholders across Southeast Asia including Viet Nam. It is based on Visa’s real-time push payments solution Visa Direct. Nium is the first fintech-based money transfer service provider in Southeast Asia to offer instant money transfer services through recipients’ 16-digit Visa debit card numbers. Now available in Singapore, it offers both peer-to-peer and business-to-business transfers. In the first phase, remittances can be made to various Southeast Asia countries. Prajit Nanu, co-founder and CEO of Nium said: “We understand that individuals and businesses need to receive money quickly, especially in markets where there are no instant payment … [Read more...] about Visa debit cardholders in Southeast Asia can now get money transfers
M2 money supply
The water supply market is beset with many groups of interests, according to Luu Binh Nhuong, a National Assembly Deputy. WHA Utilities and Power PLC (WHAUP) has announced the completion of a transaction in which it acquired 34 percent of shares of the Song Duong Surface Water Company. The deal is worth 2.762 billion baht, or VND2.080 trillion. Song Duong Water Plant 2011 was the time when Vietnam witnessed a movement of investment in the water supply sector. A lot of foreign investment funds also jumped into the market. Also in the province, the holding company of WHAUP has another investment project – WHA Industrial Zone 1, capitalized at VND22 trillion ($1 billion), covering an area of 3,200 hectares. Mai Lan Hanoi's water plant releases raw sewage after water crisis The Da River water plant was found to have flushed thousands of cubic metres of raw wastewater used to cleanse their tanks to the environment, days after it was involved in a polluted water … [Read more...] about Should foreign companies be allowed to join Vietnam’s water supply market?
Agribank lends over 219 million USD to develop hi-tech agriculture. (Photo: VNA) Hanoi (VNA) – The Vietnam Bank for Agriculture and Rural Development (Agribank) has so far provided more than 5.1 trillion VND (219.3 million USD) in soft loans for hi-tech agricultural projects across Vietnam. The loans were taken out by nearly 3,100 borrowers, including 80 corporate customers who were lent over 4.43 trillion VND (190.5 million USD). After the Vietnam National Green Growth Strategy was formulated in 2012, Agribank has launched a credit package worth 50 trillion VND (2.15 billion USD), offering preferential interest rates, to develop clean agriculture, with priority given to hi-tech agricultural projects. The soft loans, with interest rates 0.5 – 1.5 percent lower than normal one, have been available since November, 2016 for enterprises, cooperatives, unions of cooperatives and farm owners that involve in large-scale supply chains of safe agricultural products. Many … [Read more...] about Agribank lends over 219 million USD to develop hi-tech agriculture
Executives of companies from the two countries at the India-Viet Nam Textile Cooperation event held in HCM City on November 21. — VNS Photo The garment industry has called for investment in the underdeveloped textile, dyeing and fabric segments to meet the global supply chain demand, according to the Viet Nam Textile and Apparel Association (VITAS). Speaking at a business interaction event titled India-Viet Nam Textile Co-operation event held in HCM City on Thursday, Vu Duc Giang, VITAS chairman, invited Indian companies to invest in the yarn, weaving, dyeing, and printing segments to take advantage of the market access provided by free trade agreements that Viet Nam has signed. He expressed hope that co-operation between India and Viet Nam would benefit both countries. K Srikar Reddy, the Indian consul general in the city, said: “Bilateral trade in textiles between India and Viet Nam has registered impressive growth during the last two years. Indian textile and clothing … [Read more...] about Viet Nam, India enhance closer co-operation in textile sector
Football star Ahn Jung-hwan set for friendly match in Vietnam The HPL All Stars team will consist of a number of outstanding footballers who compete in the HPL championships, along with former Vietnamese players including Nguyen Manh Dung and Pham Thanh Luong. All of the money raised through the tie will be collected and given to a charity that supports poor people in Hanoi. Anh Jung-hwan’s imminent arrival will mark the second time that the Korean football star has visited Vietnam. His previous visit saw him come to the country to record a reality television show for MBC alongside Korean actors Cha In-pyo and Cho Tae-gwan. During their stay they also paid a surprise visit to Hanoi in order to watch their fellow countryman, Vietnam’s head coach Park Hang-seo, prepare Vietnam’s U23 team for their upcoming AFC Championship 2020 qualifiers. … [Read more...] about Football star Ahn Jung-hwan set for friendly match in Vietnam