ACV stated that the coronavirus pandemic has been brought under control in Vietnam, so socioeconomic activities are returning to normal. Also, on domestic flights, the social distancing order and some other relevant regulations have been lifted since May 7. … [Read more...] about Some international air services likely to be reopened
Vietnam adventure activities
Da Nang kickstarts economy after COVID-19 pandemic
The festival aims to promote the city's tangible and intangible cultural values, tourism destinations and beautiful beaches. It is also expected to connect and help local businesses to introduce their products and services, boost investment in tourism infrastructure and strengthen tourism co-operation between the city and other localities in Vietnam. … [Read more...] about Da Nang kickstarts economy after COVID-19 pandemic
Covid-19 patient with longest treatment period recovers
Hang was infected by her 26-year-old niece, Nguyen Hong Nhung, who was confirmed positive with Covid-19 on March 6, four days after she returned to Hanoi from London. Nhung’s case ended Vietnam’s 22-day streak of no new Covid-19 infection at the time … [Read more...] about Covid-19 patient with longest treatment period recovers
M&A picks up speed in banking
Article 55 restricts ownership in credit institutions as follows: individuals may not own more than 5 per cent of the chartered capital of a credit institution; an institutional shareholder may not own more than 15%; and a group of shareholders together may not own more than 20%. … [Read more...] about M&A picks up speed in banking
Protecting investors at head of consumer finance concern
Currently, Vietnam is home to 150 fintech firms which act as the lifeblood of the burgeoning financial technology sector. There are approximately 40 peer-to-peer (P2P) lending companies, including a number of so-called loan sharks with abnormally high lending rates, mostly from China. For example, one payday loan shark ran three companies (Vinfin, Beta, and Dai Phat) which provided cash loans via smartphone apps Vaytocdo, Moreloan, and VD Online. These subprime lenders offer loans to individuals who do not qualify by traditional lenders. … [Read more...] about Protecting investors at head of consumer finance concern
