Remittances

Along with expanding growth potential, numerous businesses face risks and challenges in managing cash flows. SMEs, in particular, face inefficient finance systems, resulting in unnecessary expenses and resource-draining throughout their operations. At the forefront is the cutting-edge technology of the 9Pay’s Collection and Disbursement service, seamlessly coordinating a comprehensive process that automates all stages encompassing collections, disbursements, reconciliations, and reporting. This integrated system not only ensures the coherence of financial operations but also ushers in a new era of operational efficiency, solidifying its position as a cornerstone of modern financial management. Simplified payment collection process via 9Pay's system. Photo courtesy of 9Pay Effortless cash flow management with 9Pay's collection solution In today's ever-fluctuating economy, 9Pay’s collection solution introduces unparalleled convenience to businesses seeking … [Read more...] about 9Pay: Financial management solution offered to SMEs

The State Bank of Vietnam (SBV) on Monday set the USD/VND exchange rate at VND24,005, up VND12 against Friday last week and rising VND399, or 1.69 percent, over the start of the year. With the current trading band of plus or minus five percent, the ceiling rate applicable to commercial banks during the day was VND25,205 to the dollar and the minimum rate was VND22,804. The central bank kept the buying price the same as last week's figure at VND23,400 to the dollar while revising up the selling price by VND13 to VND25,155 per greenback. On Monday, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) quoted the buying rate at VND23,855 and the selling rate at VND24,225 per dollar, both down VND35 versus Friday last week. At the Vietnam Export Import Bank (Eximbank), one U.S. dollar was bought at VND23,850 and sold at VND24,240, both dipping VND20. The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) set the buying and selling prices … [Read more...] about USD/VND exchange rate continues upward trend