R international payment services

Hanoi (VNA) – The Vietnam Electricity (EVN) plans to get connected with banks and other organisations by the end of August to allow customers to pay electricity bills through QR-code from September this year. According to Nguyen Quoc Dung, head of the EVN Business Department, the application of payment through QR-code is part of the firm’s efforts to realise the Prime Minister’s direction regarding the building of a cashless society. In order to make it easier for customers during the payment process, the EVN will provide each of them with a QR-code to use for all transactions with the EVN. The new payment method is also expected to help the EVN increase its labour productivity as well as internal management efficiency./. … [Read more...] about EVN to allow QR-code payment from September

Hanoi (VNA) – Foreign media have run several articles highlighting Vietnam’s economic success given a struggling world plagued by the COVID-19 pandemic. The Nikkei Asia Review said Vietnam’s production sector has proven its fast and steady recovery. The country’s open market and signing of numerous free trade agreements (FTAs), particularly the EU-Vietnam FTA, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP), are promising great opportunities for growth. The paper said Vietnam stands out for its success in controlling the pandemic. According to the latest Asian Development Outlook released by the Asia Development Bank, Vietnam was estimated to grow over 2 percent last year while Thailand contracted by 7.8 percent. Thanks to its larger market scale and cheaper labour cost, Vietnam surpassed Thailand in terms of foreign direct investment and export value. The Financial … [Read more...] about Vietnam stands firm amid pandemic: international media

The Financial Express quoted the Economist Intelligence Unit (EIU) as saying Việt Nam has emerged as a low-cost manufacturing base in Asian supply chains, beating India and even China in indicators, including foreign direct investment (FDI) policy and foreign trade and exchange control. … [Read more...] about Việt Nam stands firm amid pandemic: international media

Grand Marina Saigon is the first highly-anticipated project, and situated at a one-of-a-kind location in the heart of Ho Chi Minh City. Its site is the last remaining large plot of developable land at the northern bank of the river within District 1, with a unique waterfront and historical background. The development is a large-scale, mixed-use complex with residential, office and commercial features. It is expected to be Marriott International’s largest branded residence project in the world, and the company’s first foray into Vietnam’s highly vibrant branded residential market segment. … [Read more...] about Ultra-luxury residences hit Vietnam

The 14th Shangri-La Dialogue ended in Singapore on May 31 with a message that dialogue is needed to build trust and transparency. German Defence Minister Ursula von der Layen said this is the first time German has joined the dialogue, which gives the country an opportunity to exchange experience and learn from other countries. She highlighted that transparency and trust building is key to cooperation, adding that together with security structure and mutual benefit they are the pillars for successful partnership. Sharing Layen’s opinion, New Zealand Defence Minister Gerry Brownlee said his country attaches much importance to the maintenance of peace, stability and prosperity in the region. Therefore, New Zealand wishes to engage more closely in regional security structure through bilateral and multilateral dialogues at all levels, he said. He also expressed concern on tension-causing acts on the East Sea, stressing that his country is willing to join hands in … [Read more...] about 14th Shangri-La Dialogue: dialogue to build trust, transparency