Cam Ranh Airport opens new terminalBy Le Anh Terminal T2 of Cam Ranh Airport enters pilot operation on June 29 - PHOTO: VIETNAM AIRLINES HCMC - Vietnam Airlines will officially move all flight operations at Cam Ranh Airport in the coastal province of Khanh Hoa to the new terminal T2, which was just opened yesterday, June 29. The new three-level terminal is much larger than the old terminal, with 50,000 square meters in floor space, and expects to handle eight million passengers per year by 2030. The salanganes bird nest-inspired terminal is designed to become the first cultural attraction when passengers land in Khanh Hoa. Vietnam Airlines will open eight check-in counters in the terminal’s left wing. Its business lounge is set up on the second floor, with an area of nearly 210 square meters, and is able to accommodate 70 guests. Khanh Hoa Province, known for its beach city of Nha Trang, welcomed 5.5 million visitors last year. According to the Vietnam National … [Read more...] about Cam Ranh Airport opens new terminal
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HSBC launches online savings account
By Thu Thuy - The Saigon Times Daily HCMC - HSBC Bank (Vietnam) Ltd., or HSBC Vietnam, has just launched a high-interest online savings account to help customers earn bigger returns on their savings. Customers can simply transfer funds from their existing regular personal savings or current accounts to the new online account via the internet to earn a higher, flexible rate of interest. The interest rate for this online account is a non-term one but is subject to change everyday by the bank and higher than its regular non-term rate. For example, the interest rate for this kind of product on Wednesday was 7.99% per year, 10 basis points higher than normal non-term rate at HSBC. Funds can be placed or withdrawn at any time, with no minimum deposit required. There is no account opening or closing fee, and the interest sum is accrued daily and credited to the account at the end of every calendar month. This is an addition to current internet banking applications, which allow customers … [Read more...] about HSBC launches online savings account
Vietnam cbank wants to forbid foreigners from opening savings accounts in local currency
The Vietnamese central bank is looking to ban foreigners from opening savings accounts in VND, after the foreign citizens were prohibited from depositing in foreign currency pursuant to a government decree issued two years ago. The Vietnamese central bank is looking to ban foreigners from opening savings accounts in VND, after the foreign citizens were prohibited from depositing in foreign currency pursuant to a government decree issued two years ago. The State Bank of Vietnam (SBV) has recently published a draft of its new circular that lays out guidelines for deposit transactions in the country, in which “depositors of Vietnamese and foreign currencies” are limited to “resident Vietnamese citizens” only. According to the SBV, the country’s current Ordinance on Foreign Exchange includes no provision on allowing resident foreign individuals or non-residents to have savings accounts in Vietnamese dong. Should this new regulation come into effect, … [Read more...] about Vietnam cbank wants to forbid foreigners from opening savings accounts in local currency
HSBC Vietnam launched new online savings accounts
HSBC Bank (Vietnam) officially launched on June 22 a high-interest online savings account to help their personal financial customers earn bigger returns on their savings. Customers can simply transfer funds from their existing regular personal savings or current accounts to the new online account via the internet to earn a higher, flexible rate of interest. Funds can be placed or withdrawn at any time, with no minimum deposit required, which means customers can gain access to their money at any time. There is no account opening or closing fee, and interest is accrued daily and credited to the account at the end of every calendar month. The new online savings account, which is the bank's latest addition to its retail banking services portfolio, evidences the bank's commitment to constantly introducing value-added services to enhance the banking experience of its customers. "Yet, unlike other high-interest savings products, there is no minimum tenor which means customers can … [Read more...] about HSBC Vietnam launched new online savings accounts
Hot stocks drive trend to open new banks in nation
Talking Shop (29-03-2007) Hot stocks drive trend to open new banks in nation The trend to start new banks as financial institutions see more and more success on the stock market have made people ask whether this is a good thing for Viet Nam. Le Duc Thuy, governor of the State Bank of Viet Nam (SBV), spoke with the media yesterday on the sidelines of a National Assembly meeting. Is it true there is a movement to form new banks while the regulations on establishing them are still being drafted? The movement to establish new banks indicates two things. … [Read more...] about Hot stocks drive trend to open new banks in nation