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Viet Nam is considered an extremely promising market for the retail banking industry thanks to the characteristics of population growth, GDP per capita and fast economic development. Grasping that trend, many banks have been promoting retail lending activities to diversify credit portfolios and optimise profits. — Photo courtesy of VIB With the privilege of up to 50 per cent cashback on the Lazada Vietnam e-commerce platform and technologies first deployed by VIB, the LazCard credit card is expected to bring a great shopping experience to users during the year-end shopping season. Innovative and pioneering card trend in VN Viet Nam is an extremely promising market for the retail banking industry thanks to the characteristics of population growth, GDP per capita and fast economic development. Grasping that trend, many banks have been promoting retail lending activities to diversify credit portfolios and optimise profits. VIB is one of the banks which has seen its outstanding … [Read more...] about VIB’s new card gives big push to online shopping

During the last Lunar New Year holiday, Huyen, 27, had to take her drunken husband home like that every night from a relative’s house in the village. "He didn't even recover from the last drinking session before he had to go to the next. My husband is drunk and I’m exhausted," Huyen said, recalling her first Tet with her husband’s family in Thanh Liem District, Ha Nam Province. Huyen's husband Long is not someone who enjoys drinking. It's just that in his first year of marriage, many of his relatives wanted to celebrate it by drinking. When Huyen saw people forcing Long to drink, she tried to stop them but couldn't. Most of these people were relatives and if Long didn't drink, it would mean that he didn't respect them. A drinking session could last from noon until evening, or even as late as midnight. That’s also when Long got super drunk and couldn’t walk straight. The same thing happened again the next day, but the only difference was the location. Long was forced to drink … [Read more...] about Endless drinking during Tet harms families

The company currently enjoys an export turnover of $4 million per year. On the days leading up to the Lunar New Year, Lap Phuc Co.'s factory of more than 10,000 square meters in Ho Chi Minh City was still busy with the final stages of an automobile mold order for export to the United States. Factory worker Vo Nhut Han stared intently at the control panel, a satisfied look on his face as the machine operated smoothly. Operating the machine together with Han was Nguyen Van Tri, the factory's general director. "Each working day, I only spend an hour on management work, and the rest of the day is spent down on the factory floor working alongside my fellow workers," said Tri, who is now in his 60s. For him, it's as if being a worker runs in his blood. Factory worker Vo Nhut Han (L) works on a machine at Lap Phuc Company in HCMC as its general director Nguyen Van Tri observes, January 2023. Photo by VnExpress/Le Tuyet Tri is the eldest son in a family of 10 children. … [Read more...] about From zero to hero: A downsized worker who owns a million-dollar factory