Further fee reductions to promote cashless payments amid COVID-19 The fees for fast interbank fund transfers will be cut for the second time this year to promote cashless payments amid the rapid spread of the COVID-19 outbreak, the National Payment Corporation of Vietnam (NAPAS) announced on March 16. … [Read more...] about Cashless payments become popular amid COVID-19
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Doping: Testing gap due to coronavirus a ‘gift’ to cheats: race walker Bosworth
Tom Bosworth celebrates winning the Men's 5000 Metres Walk - PHOTO: REUTERS LONDON (REUTERS) - Reduced drug testing during the COVID-19 pandemic is like a “gift” for those unscrupulous athletes who will go to any lengths to win and make money, British race walker Tom Bosworth has told The Times newspaper. … [Read more...] about Doping: Testing gap due to coronavirus a ‘gift’ to cheats: race walker Bosworth
Banks reduce deposit rates
The Bank for Foreign Trade of Vietnam (Vietcombank) lowered deposit rates by 0.2-0.3 percentage point for tenors from six months onward in early April. Customers depositing money for a 12-month term at the bank’s branches and transaction offices will enjoy the annual rate of 6.6%, instead of 6.8% as previously announced. … [Read more...] about Banks reduce deposit rates
Hanoi shops, buyers adjust to social distancing
Some open their doors partially, put their products at the entrance and quickly sell to locals. Vietnam started a 15-day nationwide social distancing campaign on Aprill 1, 2020. The campaign, which requires people to stay home and doesn't allow public gatherings of more than two, is expected to last until April 15. … [Read more...] about Hanoi shops, buyers adjust to social distancing
Coronavirus forces banks to take cautious steps
According to the State Bank, reports from 23 credit institutions show that VND926 trillion worth of outstanding loans will be affected by the epidemic, which accounts for 11.3 percent of total outstanding loans of the entire banking sector. According to the State Bank, reports from 23 credit institutions show that VND926 trillion worth of outstanding loans will be affected by the epidemic, which accounts for 11.3 percent of total outstanding loans of the entire banking sector. … [Read more...] about Coronavirus forces banks to take cautious steps
