When climate change issues

According to Pham Dang Khoa, deputy director of Vietinbank’s Card Centre, the biggest problem for banks when it comes to replacing magnetic strip cards is the cost. Banks have to pay for the new cards and invest in devices that accept them, such as ATMs and POS machines. Meanwhile, most customers are not willing to pay to switch. With more than eight million existing customers using magnetic strip cards, Khoa estimated his bank will have to spend a large sum as the cost of producing a chip card is roughly eight to ten times higher than magnetic strip cards. To encourage customers to use chip cards, Khoa said VietinBank would help customers replace their old cards due to the advantages of the new ones. According to Khoa, the information contained in the chips was encrypted and only the issuing bank could read the data on it. Thus, they reduce the risk of information being stolen and counterfeits. There have been no issues regarding security with the new cards, which shows how … [Read more...] about Banks issues more chip cards for security

Hanoi (VNA) – A 6.8-magnitude earthquake struck near Davao city on the Philippines’ Mindanao island on December 15, killing a 6-year-old girl and injuring 14 others, according to latest reports. The quake was centred 61 km south-west of Davao, at a depth of 28.2km, the US Geological Survey said, revising down the magnitude from an earlier 6.9.  Roads and buildings, including the local government office, were damaged and power was out in the Magsaysay Town in Davao del Sur province, near the epicenter. No tsunami warning has been issued. The area was struck by four strong earthquakes in the past two months, causing the death of at least 20 people. According to presidential spokesman Salvador Panelo, President Rodrigo Duterte was in Davao city when the quake struck, but he and his family members were unhurt./. VNA … [Read more...] about Strong earthquake shakes southern Philippines

Noi Bai International Airport in Hanoi (Photo: VNA) Hanoi (VNA) - Five domestic airlines reported nearly 5,000 delayed or cancelled flights, accounting for 17 percent of the total operated flights, in the first two months of the year. The number increased by 4.2 percent from the previous month and posted a 0.9 percent year-on-year rise. According to the Civil Aviation Administration of Vietnam (CAAV), Vietnam Airlines, Vietjet Air, Jetstar Pacific, Bamboo Airways and Vietnam Air Services Company (VASCO) operated a total of 29,363 flights in the two-month period, up 22.8 percent from the same period last year. Of which, Jetstar Pacific had the highest rate of delayed or cancelled flights with 838, accounting for 25.5 percent of its scheduled routes. Vietjet took the second place with 2,677 delayed or cancelled flights, accounting for 21.5 percent of its total during the two-month period. National carrier Vietnam Airlines reported 1,343 delayed or … [Read more...] about Nearly 5,000 flights delayed, cancelled in two months

  HCM CITY — HCM City seeks to attract foreign investment in smart urban projects and urban infrastructure, and looks forward to support from US businesses, a top city leader said. Speaking at a meeting between city leaders and members of the American Chamber of Commerce (AmCham) in Việt Nam on Friday, Lê Thanh Liêm, deputy chairman of the city People’s Committee, said over the years US businesses had helped strengthen co-operation between their country and the city. The city was undertaking administrative reform and improving the investment environment to create favourable conditions for foreign businesses to invest in key projects, he said. The People’s Committee had held many exchanges and meetings with the US consulate general in the city and AmCham to discuss potential co-operation in fields the city had prioritised, he added. According to Amanda Rasmussen, head of AmCham, the business group has 500 companies and more than 1,500 individual … [Read more...] about HCM City seeks US businesses’ support for infrastructure development

This is one of the goals set for the province under the Politburo’s Resolution No.54-NQ/TTW on the building and development of Thua Thien-Hue till 2030 with a vision to 2045. The province is also set to become one of the country’s hubs in the fields of science, technology, multidisciplinary education and training, national defence-security. Thua Thien-Hue is envisioned to become a festival city of Asia by 2045. The central province of Thua Thien-Hue During the 2021 -2025 period, Thua Thien-Hue should work to earn the status of a centrally-run city and complete the expansion of Hue city before 2022 as planned. The province should strive for an annual growth of 7.5-8.5 percent in gross regional domestic product while the total social investment capital will increase by 12 percent each year. By 2025, the rate of poor households will be reduced to 2-2.2 percent, forest coverage will reach 56 – 57 percent, the rate of trained workers in the workforce at … [Read more...] about Thua Thien-Hue aims to become a cultural, tourism centre of Asia by 2020