ocb mobivi launch domestic credit card

OCB, Mobivi launch domestic credit card

Orient Commercial Bank (OCB) and Viet Phu Payment Services Support Corporation (Mobivi) have cut a deal to introduce OCB-Mobivi domestic credit card, or Employee Credit Card (ECC).
textile shareholders break out the champagne

Textile shareholders break out the champagne

Textile and garment sector shareholders are happy with a solid dividend payment amid continuing economic hardships.
mol to turn heads

MOL to turn heads

Vietnam’s online payment market is proving appealing to foreign players.
shb wins international award for excellent service

SHB wins international award for excellent service

Hanoi Commercial Joint Stock Bank (SHB) has received the Straight Through Processing (STP) Award 2012 from the Bank of New York Mellon (BNY Mellon) for the third consecutive year.
scb to improve financial heath

SCB to improve financial heath

Saigon Commercial Bank, one year after the merge, now has better liquidity and improved payment ability, statement from State Bank released last week.
more vietnamese business owners seeking electronic payments to manage expenses

More Vietnamese business owners seeking electronic payments to manage expenses

Local business owners are seeking more effective management tools to control and track their company-wide expenses such as travel, entertainment and everyday procurement, while safeguarding themselves against fraudulent purchases.
mixed bag of measures to help poor real estate market

Mixed bag of measures to help poor real estate market

Tax reductions, subsidised interest payments and a new housing fund are among the key proposals to drive sales and occupancy for thousands of unsold units in Vietnam’s frozen property market.
online purchases in vietnam double over the past year

Online purchases in Vietnam double over the past year

E-commerce is booming and making its presence felt in Vietnam with online purchases doubling in many categories over the past year.
asia pacific conference discusses e postal payments

Asia-Pacific conference discusses e-postal payments

A conference on developing electronic-postal payment services in Asia-Pacific took place in Hanoi on December 4, drawing participants from nine regional countries and the Universal Postal Union (UPU).
banks continue to be in a pickle

Banks continue to be in a pickle

Continuing economic difficulties are hitting banks’ dividend payments.
workers set for a tax break

Workers set for a tax break

The revised draft Personal Income Tax (PIT) Law took to the National Assembly agenda on October 26 and Deputy Minister of Finance Vu Thi Mai said 70 per cent out of a total 3.87 million labourers named in enterprise payroll system would not be required to pay tax if the VND9 million ($428) payment threshold was passed by the National Assembly.
sacombank kisses manulife vietnam

Sacombank kisses Manulife Vietnam

Customers will be offered more payment tools with simple and fast procedures supported by modern technology under an agreement signed by Manulife Vietnam and Sacombank.
vec on a collision course

VEC on a collision course

Giant state highway builder Vietnam Expressway Corporation faces incurring default in repayment of mature project bond yields following a Ministry of Finance’s recent move.
firms getting back on their feet

Firms getting back on their feet

Many firms are resuming operations thanks to the effective enforcement of Governmental Resolution 13/NQ-CP presenting some solutions for businesses to overcome difficulties. This has made Deputy Minister of Finance Do Hoang Anh Tuan confident in the nation fulfilling 2012 budget estimates despite some difficulties.
market in tailspin of great despair

Market in tailspin of great despair

The real estate market has been down in the mouth during the last two years, resulting in heated conflicts between developers and buyers. Developers have faced difficulties in raising capital investment to finish their projects and delayed hand-over of apartments, while buyers are not able to continue payment.