Douglas Feagin, Senior Vice President of the Ant Group and Monsinee Nakapanant, Co-president of Ascend Money Co, the operator of TrueMoney. (Photo source: Bangkokpost.com) Bangkok - TrueMoney, a leading fintech company in Thailand, has partnered with Ant Group of China to launch cross-border mobile payments between Thailand and China, allowing Thai tourists to use TrueMoney e-wallet to make payments to tens of millions of merchants in China. Cross-border payments are powered by Alipay cross-border mobile payment ecosystem with more than 10 million payment points in China. Alipay provides marketing and digitalisation solutions, and is operated by the Ant Group, a financial technology giant. By VNA … [Read more...] about Thai, Chinese firms tie up in cross-border payment
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DHL Express partners with ACB to cut carbon emissions using sustainable aviation fuel
This partnership represents a clear commitment by both parties to address climate change within their value chains. DHL Express, the world’s leading international express service provider, on September 19, signed its GoGreen Plus service contract with Asia Commercial Joint Stock Bank (ACB) to reduce carbon emissions for its time-definite international (TDI) shipments through the use of sustainable aviation fuel (SAF). By investing in GoGreen Plus, ACB is estimated to reduce 14 tons worth of total CO2 emissions within a 12-month period. DHL Express and ACB sign the GoGreen Plus contract. Photo: DHL The whole process is verified annually by an independent third-party agency, Société Générale de Surveillance (SGS). In addition, a complementary Carbon Footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express . “We believe that corporate social responsibility and business success always go hand in hand. … [Read more...] about DHL Express partners with ACB to cut carbon emissions using sustainable aviation fuel
HCM City plans to collect nearly 800 billion VND in road, pavement usage fees per year
Cars are parked along Ly Tu Trong street, District 1, HCM City . (Photo: VNA) HCM City (VNA) – With the collection of road and sidewalk usage fees scheduled to begin on January 1, 2024, Ho Chi Minh City estimates that it can collect close to 800 billion VND (32.89 million USD) annually, serving the upkeep of these facilities. At a September 21 meeting providing information on the city’s socio-economic situation and disease prevention and control, specific details regarding the implementation of a resolution on temporary road and pavement usage fees was a highlight. Ngo Hai Duong, head of the department’s road traffic infrastructure management unit, said the fee collection will be implemented in accordance with the law. Its purpose is to complete state management regulations, contribute to the restoration of urban order and aesthetics, build a civilised and modern city, enhance the responsibility of organisations and individuals when temporarily using a portion of … [Read more...] about HCM City plans to collect nearly 800 billion VND in road, pavement usage fees per year
A journey of discovery from Visa Global Travel Intentions Study 2023
Dung Dang, Visa's country manager for Vietnam and Laos said, “For more than a decade, the Global Travel Intentions Study has equipped Visa and its partners with unparalleled insights into the travel and payment landscape. This invaluable knowledge allows operators in the industry to plan and execute effective strategies to satisfy consumer demands and grow their businesses, all while reinforcing Visa’s commitment to creating a cashless society.” Emerging trends powering the travel boom The GTI 2023 revealed an ongoing trend in the Vietnamese travel industry, with the rise of Gen Z and families with children as significant contributors to the growth. In terms of leisure trips, families travelling with kids and the older generation made the most trips over the past 12 months, with an average of 2.4. Gone are the days when travel was solely about ticking off landmarks from a checklist. Vietnamese travellers are now placing a strong emphasis on leisure-focused and … [Read more...] about A journey of discovery from Visa Global Travel Intentions Study 2023
Visa study shed lights on Vietnam travel trends
The Global Intentions Study 2023 surveys more than 40,000 consumers globally across 37 markets on their recent travel in the past 12 months and intention to travel in the next 12 months. The study fieldwork was conducted from April 2023 to June 2023. Vietnam, a country of vibrant landscapes and rich cultural heritage, has become a favoured destination for travellers from across the globe. As the world transitions into a new era of post-pandemic exploration, understanding the changing trends in the Vietnamese travel landscape is crucial for travellers and industry stakeholders. “For more than a decade, the Global Travel Intentions Study has equipped Visa and its partners, in Vietnam and worldwide, with unparalleled insights on the travel and payment landscape. This invaluable knowledge allows operators in the industry to plan and execute effective strategies to satisfy consumer demands and grow their businesses, and reinforces Visa’s commitment to creating a cashless … [Read more...] about Visa study shed lights on Vietnam travel trends
EPR promotes the recycling of automobiles and motorbikes
Statistics published by the Vietnam Register Department show that from January, the total number of expired cars is over 21,000 across the country. Around 6,000 of those are passenger vehicles, while the remainder are goods units. Nguyen Thi, Senior legal expert Department of Legal Affairs Ministry of Natural Resources and Environment However, according to the Vietnam Automobile Manufacturers Association and Vietnam Association of Motorcycle Manufacturers, manufacturers and exporters have yet to implement the recall and handling of vehicles following the provisions of the Law on Environmental Protection in 2005 and 2014. This work is mainly done by the junkyard and craft village system, which does not ensure effectiveness and causes environmental pollution. There are many reasons why recovery and recycling of motorbikes and cars in this country still limited. Firstly, it is understandable that people want to use their vehicles for as long as possible. Another … [Read more...] about EPR promotes the recycling of automobiles and motorbikes
Porsche Vietnam presents new Cayenne
With the vision "Further Together", Porsche Vietnam unveiled the all-new and thoroughly refined Cayenne. The third generation of the luxury SUV made its national debut at the Contemporary Space of Porsche Cayenne at Porsche Centre Saigon and Porsche Studio Hanoi, equipped with a highly digitalized display and control concept, new chassis technology, and innovative high-tech features. Ever since its world premiere in 2002, the Cayenne has been a game-changer. Combining the performance characteristics of a Porsche with luxury and utility, it is the definitive sports car in the SUV segment and a true pioneer. More than 20 years later, the Cayenne’s worldwide success story has resulted in the latest "Sports Car for Five". Photo courtesy of Porsche Vietnam Since its establishment in 2007, Porsche Vietnam has been turning sports car dreams into reality. One-third of all Porsche vehicles delivered in Vietnam are Cayenne models, making it the best-selling Porsche here to … [Read more...] about Porsche Vietnam presents new Cayenne
Driver monitoring cameras not mandatory: traffic police
In a draft revised law on road traffic order and safety, the ministry said car owners should install the driver attention monitor on their cars, even when the vehicles are used only for personal purposes. The ministry is gathering feedback from related ministries and departments and will submit the bill to parliament for approval next month. Speaking to VnExpress , a representative of the Department of Traffic Police said many car owners have already equipped their vehicles with driver monitoring cameras to record images and incidents that might occur along the trip. "However, this is not mandatory and the bill only aims at encouraging car owners to equip the cameras to protect themselves in unsafe traffic situations," the representative said. When installing the cameras, drivers can provide their own evidence in unexpected situations. "Police will not collect data from the monitoring device, but only ask people to cooperate and provide information when an incident occurs," … [Read more...] about Driver monitoring cameras not mandatory: traffic police
Agencies promote anti-money laundering in cryptocurrency transactions
View of the conference. — Photo dangcongsan.vn The Vietnam Banks Association (VNBA) and Vietnam Blockchain Association on Wednesday jointly organised a conference to promote legal regulations on anti-money laundering in cryptocurrency transactions. Addressing the conference, Nguyễn Quốc Hùng, Vice President and General Secretary of the Vietnam Banks Association (VNBA), said the Law on Anti-Money Laundering was passed by the National Assembly and has taken effect since March 2023. The Government and the State Bank of Vietnam also issued Decree 19/2023/NĐ-CP and Circular No. 09/2023/TT-NHNN to guide the implementation of the law. According to Hùng, the law, decree and circular were issued with many contents suitable to practice so that relevant organisations and individuals can implement them effectively. However, Hùng said, under the context of increasingly deep integration and the explosion of information technology, Việt Nam has to face many forms, methods, and tricks of … [Read more...] about Agencies promote anti-money laundering in cryptocurrency transactions
Corporate bond market focuses more on quality
A bank employee counting money. The corporate bond market currently has a slow recovery pace, making it difficult to have a breakthrough in issuance volume in the next 12 months. — VNA/VNS Photo The corporate bond market is developing towards a more in-depth approach, focusing on quality, said Nguyễn Quang Thuân, Chairman of FiinGroup. At the Vietnamese Corporate Bond Market Development Solutions Seminar organised by FiinRatings on Thursday in Hà Nội, Thuân said that it was crucial to review and address the remaining problems of the corporate bond market. The corporate bond market currently has a slow recovery pace, making it difficult to achieve a breakthrough in issuance volume in the next 12 months, he said. “In investment, the higher the profit, the higher the risk,” said Trịnh Quỳnh Giao, CEO of PVI Asset Management Company (PVIAM). “Bond interest rates depend on many factors, including the financial health of the issuing organisation, the stability of the industry, … [Read more...] about Corporate bond market focuses more on quality