Sacombank and Maritime Bank are likely cooperating at Paradise Bay Resort Co., Ltd., developer of Alma Resort in Khanh Hoa Province, in order to trick customers that signed the company’s vacation right ownership contracts. After our articles on false advertising and other opacity surrounding Paradise Bay Resort Co., Ltd. and Alma Resort, VIR continued to receive letters from customers who claimed they were tricked out of their money. T. from Ho Chi Minh City said that at the conference held by the company to introduce the project, after he heard all the good things about the project and the benefits of exchanging vacations, a salesperson introduced to him a scheme through which he could open a Sacombank-Alma credit card reserved for customers with incomes of at least VND5 million ($219) a month, through which customers can borrow up to VND1 billion ($44,000). This arrangement also allows a customer that signs the contract to own vacation rights at Paradise Bay Resort Co., Ltd. … [Read more...] about Sacombank and Maritime Bank thick as thieves with Paradise Bay Resort?
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Related News Indonesia, S.Korea c.bank websites hit by cyber attacks; no losses By Reuters/Hidayat Setiaji  June 21, 2016 | 03:57 pm GMT+7 The central banks of Indonesia and South Korea have been hit by cyber attacks on their public websites since activist hacking group Anonymous pledged last month to target banks across the world, senior officials in the two countries told Reuters. In response to the attempted hacks, Bank Indonesia (BI) has blocked 149 regions that don't usually access its website, including several small African countries, Deputy Governor Ronald Waas said in an interview late on Monday. He said several central banks were hit by similar attacks and were sharing the IP addresses used by the perpetrators. Central banks have been on high alert in the wake of revelations that hackers issued fraudulent money transfers to steal $81 million from the Bangladesh central bank in February. No money was lost in the attacks on Bank Indonesia and the … [Read more...] about Indonesia, S.Korea c.bank websites hit by cyber attacks; no losses
Riverbanks often collapse in June, the first month of monsoon rains. Experts say that this year it will be very difficult to forecast cave-ins because of global warming is changing weather patterns and amplifying tidal surges. So far this year, three riverbank cave-ins have been recorded in HCM City, one more than up to this time last year. There were none in 2007. The city currently has 36 sections of river and canal bank prone to collapse, totaling over 20 kilometers. "It doesn't mean that cave-ins will occur just in these areas, especially when urbanization is fast and results in the narrowing of river and canal flows," said Phan Cong Bang, the HCM City Waterway Management Unit deputy director. Notwithstanding the threat of more cave-ins and tidal surges, HCM City will not build any new prevention works this year, apart from the two projects which began last year. A senior official from the Waterway Management Unit said that 18 works that were planned for construction in 2008 but … [Read more...] about Stream and canal bank-dwellers must live with the threat of cave-ins
HCMC Law newspaper interviewed former director of the Banking Development Strategy Department Dr. Le Xuan Nghia on his views about the effect of lower interest rates on local banks and enterprises. … [Read more...] about Lower interest rates cause medium and small banks difficulties
VietNamNet Bridge - With the qualifications of Vietnamese scientists, Vietnam is capable of exporting highly qualified workers, analysts say. Reports in the international press show that Japan is offering thousands of jobs in some fields and cannot find candidates is good news for Vietnam, where the unemployment rate is increasing. If so, why doesn’t Vietnam export workers to Japan? Le Van Banh, head of the Mekong River Delta Rice Institute, said Japan is a demanding market which only accepts skilled and highly qualified workers. Meanwhile, most Vietnamese workers are unskilled and untrained. Vietnamese businesses complain they cannot find enough skilled workers. Some enterprises in Binh Thuan and Khanh Hoa provinces have hired Chinese workers because they cannot find capable workers in their localities. The problem, according to Banh, is Vietnamese education. Vietnamese schools prefer less costly and ‘fashionable’ training majors such as finance & … [Read more...] about Vietnam urged to export workers with master’s and PhDs