Money

The winning team of the 2019 Practical Money Skills programme On September 10, the Central Committee of the Vietnam Student Association (CCVSA) and Visa held the grand finale of their 2019 Practical Money Skills programme at Hanoi University, concluding a programme in which five teams of students from across the country developed plans to help promote financial literacy among their peers. Team MTU (Mien Tay Universities) from Mien Tay Construction University and Vinh Long University of Technology Education was awarded the grand prize of a Visa prepaid card loaded with VND20 million for its campaign “MTU – 15 days of saving” which impressed the judging panel with its creativity, reach, and clarity in conveying a strong financial education message. Nguyen Minh Triet, permanent vice president of the CCVSA, said, “After eight years of co-operating with Visa on this programme, we continue to be impressed by the creativity and hard work of students across the … [Read more...] about Visa & CCVSA’s 2019 Practical Money Skills programme draws to a close

Phan Van Vinh Under the 235-page indictment, Vinh and Hoa are accused of abusing their positions and power as stated in Point A, Clause 2 of Article 356 of the Criminal Code 2015 (revised in 2017). The Procuracy has also decided to bring the two to court. If found guilty, the duo may face 5-10 years in prison. On July 18, the Phu Tho Department of Public Security proposed 92 persons be prosecuted for one or some of the charges of organising gambling, gambling, illegally trading invoices, money laundering, bribery, using the internet to appropriate assets and abusing position and power while performing duties. The investigation agency has seized more than 1.34 trillion VND (58.3 million USD) of money from the ring organisers and accomplices. The Procuracy held that Vinh’s acts have caused particularly serious consequences and badly affected the prestige of the police, while Hoa was accused of covering up the case. On April 6, President Tran Dai Quang signed a decision to … [Read more...] about Indictment completed for massive online gambling ring leaders

Chau Nguyen Anh, CEO of VNPT EPAY, and Pham Quang Minh, Sales Director of VNPT EPAY. (Source: VMA) The agency launched criminal proceedings against and detained Chau Nguyen Anh, CEO of VNPT EPAY and Pham Quang Minh, Sales Director of VNPT EPAY, both residing in Hanoi, for “organising gambling” and “illegally trading invoices”.  Meanwhile, Nguyen Dinh Chien, a businessperson born in 1976 and residing in Ha Dong district, Hanoi, was arrested and prosecuted on the charge of “illegally trading invoices”.   Criminal proceedings were also initiated against Le Anh Tuan, Director of TNC Technology JSC, born in 1983 and residing in Ha Dong district, Hanoi, for the same charge. Tuan has been banned from travelling away from his residential area.  On April 9, the agency searched the workplaces of the arrestees to collect documents, objects, equipment and electronic data related to the case.  The probe initially found that the money … [Read more...] about Four more prosecuted for involvement in biggest gambling ring probe

The public service portal will allow residents and enterprises to submit their documents online easily as well as search the status of their administrative procedures without coming to relevant agencies' headquaters. Moreover, people and businesses can supervise the quality of public services openly and transparently, through feedback and evaluation of their administrative procedures. Speaking at the event, Health Minister Nguyen Thi Kim Tien said that the public portal plays a vital role in administrative reform, e-government building efforts as well as transparency of State agencies' activities. In addition, she said, the portal will help improving and simplifying  administrative procedure to gradually improve public services and save money because state agencies just focus management on system only. Under the government’s guideline, the Ministry will promote technology applications in its field activity management to improve the efficiency of the quality management … [Read more...] about Ministry Health launches online public service portal

Social, health, and environmental issues are a constant struggle in Vietnam, where a rapidly expanding economy has led to a boom in consumerism.  The following are some opinions from expats living in Vietnam who responded to a request from Tuoi Tre News for comments on the trend. The difference between owning lots of things and liking beautiful things Though fashion design is an industry often maligned for rampant consumerism, I often find myself making changes with the hope of positively impacting consumers and redirecting my brand towards a more positive direction. Our business in Hanoi does not produce fast fashion.  Instead it focuses on quality, natural fibers, handcrafted garments that are made to last, and ensuring everyone involved in the production process is paid fairly and respected for the skills they bring to the table. Of course I love beautiful things, but I don't have to own a lot of them to make me happy. Hence, it is important to distinguish between gaining … [Read more...] about Expats in Vietnam chime in on smart consumption