trillions of dongs of vietinbank stuck in vinachem projects

Trillions of dongs of Vietinbank stuck in Vinachem projects

Four of the trillion-dong loss-making projects under the Ministry of Industry and Trade (MoIT) are under the hands of Vietnam's chemical group Vinachem, which managed to turn a profit at only one of them last year, while the others retain hefty bank loans with no sign of repayment.
visa facilitating efforts to create cashless vietnam

Visa facilitating efforts to create cashless Vietnam

Penning out a well-conceived government payment trajectory and ensuring its effective implementation is crucial in reaching the Vietnamese government’s target of building a cashless economy. Dang Tuyet Dung, Visa country manager for Vietnam and Laos, explains the importance of the trajectory and affirms the commitment of Visa, a leading global digital payments company with a significant track record in the field, to contribute to realising the goal.
visa announces plans to strengthen payments security in vietnam

Visa announces plans to strengthen payments security in Vietnam

Visa, the world’s leader in digital payments, today launched its Future of Security Roadmap for Vietnam, outlining a robust approach for strengthening payments security in the country in the upcoming years.     
visa ceo visits vietnam to mark next phase of digital payments growth

Visa CEO visits Vietnam to mark next phase of digital payments growth

Al Kelly, chief executive officer of Visa Inc., the leading global payments technology company, headed a delegation of Visa executives conducting meetings in Vietnam today as the company reinforces its commitment to growing the adoption of digital payments and driving the digital economy.   
visa supports financial inclusion in vietnam

Visa supports financial inclusion in Vietnam

The world’s leading payment technology firm Visa is committed to helping Vietnam become a cashless society. Dang Tuyet Dung, newly-appointed country manager for Visa Vietnam and Laos, shared with VIR’s Nam Phuong the firm’s plans to contribute to accelerating the growth of electronic payments and the digital economy in Vietnam.
vietnamese consumers embrace digital payments as a new way

Vietnamese consumers embrace digital payments as a new way

Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in store and online purchases, according to figures released by Visa, the world’s leader in digital payments.  
visa and the non cash future

Visa and the non-cash future

Building a cashless economy is one of the government’s top targets. Dang Tuyet Dung, Visa country manager for Vietnam and Laos, talked with VIR’s Dinh Thuy the company’s tireless efforts to support the Vietnamese government’s target of reducing cash payments, particularly in the field of consumer credit, on the occasion of attending the seminar “Developing consumer credit as a solution to ward off shadow banking” hosted by VIR last week in Hanoi.
warnock says cardiff will deal with sala fee in the right way

Warnock says Cardiff will deal with Sala fee 'in the right way'

LONDON: Manager Neil Warnock said on Thursday (Feb 21) he is confident that Cardiff will deal with the payment issue over late Argentine striker Emiliano Sala "in the right way", admitting the matter could have been better handled.
licogi cannot cover debts with tiny profit

Licogi cannot cover debts with tiny profit

Equitised construction giant Licogi earned little after-tax profit in recent years, which cannot cover the instalment payments of its half a trillion dong debts.
saudi prince starts asia tour with deals to invest us 20b in pakistan

Saudi prince starts Asia tour with deals to invest US$20b in Pakistan

Pakistan is facing a serious balance of payments crisis and hopes the deals - seven separate agreements and Memorandums of Understanding - will provide welcome relief to its teetering economy.
bleak future for e wallets

Bleak future for e-wallets

Lack of infrastructure for mobile payment makes it difficult for e-wallets to lure away cash-on-delivery customers, even with the multitude of promotion campaigns they are running as well as collaborations with other companies and banks. Kim Oanh reports.
eu fines mastercard us 647 million in anti trust action

EU fines Mastercard US$647 million in anti-trust action

The European Union has fined global credit card giant Mastercard €570 million (US$647 million) for limiting competition between banks offering cheaper payment fees.
ghosn received 8 million euro in improper payments nissan

Ghosn received 8 million euro in 'improper' payments: Nissan

Former Nissan boss Carlos Ghosn received nearly eight million euros in "improper payments" from a Netherlands-based joint venture, the Japanese car giant alleged Friday (Jan 18), threatening to sue to recover the funds.
cashless payments an irreversible trendsbv

Cashless payments an irreversible trend:SBV

An entrenched cash using habit and safety concerns are the main reasons for people not to switch to non-cash payments, a workshop heard in HCM City on Tuesday.
pay your electricity bill with qr code

Pay your electricity bill with QR code

In order to increase convenience for customers and improve user experience through technology, state-run Electricity of Vietnam entered into a co-operation with Vietnam Payment Solution JSC (VNPAY) to enable the online QR payment of electricity bills.