hanoi office market has good performance in q1 cbre

Hanoi office market has good performance in Q1: CBRE

The Hanoi office market fared relatively well in the first quarter this year despite the COVID-19 pandemic, according to CBRE Vietnam.
credit card defaults a risk during covid 19

Credit card defaults a risk during COVID-19

Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 pandemic.
vietnam soon implementing mobile money

Vietnam soon implementing mobile money

The State Bank of Vietnam is is urgently working with relevant ministries to finalise the pilot programme of utilising telephone subscription accounts to make small payments, or mobile money.
deadlines for tax and land use fee payments extended

Deadlines for tax and land use fee payments extended

Prime Minister Nguyen Xuan Phuc on April 8 approved Decree No 41/2020/ND-CP on the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic.
commercial banks cut profit target amid covid 19 pandemic

Commercial banks cut profit target amid COVID-19 pandemic

Many banks in Vietnam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.
more sectors to be eligible for tax land lease payment extension

More sectors to be eligible for tax, land lease payment extension

The Ministry of Finance has suggested adding four sectors into the list of industries eligible for extension of tax and land lease payment deadlines with a total sum of 180 trillion VND (7.82 billion USD).
encouraging mobile money to stem the spread of covid 19

Encouraging mobile money to stem the spread of COVID-19

As the number of COVID-19 cases increases, many are opting for cashless payments to avoid direct contact and potential hygiene issues arising with banknotes which may help the spread of the COVID-19. This boosts the appeal of digital payments, particularly mobile money – a service in which the mobile phone is used to access financial services – to those who have not considered this form of transaction.
visa and nextpay sign mou to promote cashless payments in vietnam

Visa and NextPay sign MoU to promote cashless payments in Vietnam

Visa, the world-leader in digital payments, and NextPay, a provider of comprehensive digital transformation solutions (the parent company of Vimo E-wallet and the mPOS Payment Solution), today signed an MoU to promote cashless payments in Vietnam. Together, Visa and NextPay aim to strengthen the network of merchants that accept digital payments in Vietnam and expedite the application of innovative technologies and payment platforms globally.
vietnams economy under the specter of covid 19 prevention and rising up

Vietnam's economy under the specter of COVID-19? Prevention and rising up

The Vietnamese government has issued incentives, including tax breaks, permissions for late payment of taxes, and deferment of land use fees for businesses, while simultaneously offering many policies to support businesses, investors, small traders, and the people to overcome the COVID-19 pandemic.
firms impacted by covid 19 to be exempted from social insurance

Firms impacted by COVID-19 to be exempted from social insurance

The Ministry of Labour, Invalids and Social Affairs has issued a document allowing businesses which are impacted by the COVID-19 epidemic to suspend payments into the retirement and death gratuity funds of social insurance.
enterprises hurt by covid 19 proposed five months tax payment leniency

Enterprises hurt by COVID-19 proposed five months tax payment leniency

Enterprises and individuals directly affected by the novel coronavirus (COVID-19) would be allowed to pay value-added tax (VAT) or land rent five months late, according to the proposal of the Ministry of Finance.
instructions on extension or delay of tax payment by covid 19

Instructions on extension or delay of tax payment by COVID-19

In the case of suffering material damage due to natural disasters or epidemics such as COVID-19, businesses can apply for an extension in tax payment and even exemption from late payment fees.
urban townhouses a bright investment channel

Urban townhouses: a bright investment channel

With positive signs in liquidity on the horizon in the local real estate market, townwhouses appear a promising investment channel with fairly good yield rates. Several investors have rolled out flexible payment schemes to make the channel more appealing than ever before.
grab bags 850 million from japanese investors

Grab bags $850 million from Japanese investors

Grab, Southeast Asia’s leading super app, has announced today an investment of over $850 million from a group of Japanese investors, including Mitsubishi UFJ Financial Group Inc. (MUFG) and TIS Inc. (TIS). The funds will go toward creating accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region.
sbv orders banks to cut or delay interest payments to cushion economy

SBV orders banks to cut or delay interest payments to cushion economy

Commercial banks in Vietnam will likely cut or delay interest payments on loans in a bid to cushion the domestic economy against a global slowdown amplified by the wide-spreading coronavirus contagion, following directions from the State Bank of Vietnam.