04-01-2005 18:15
Last year saw a dramatic rise in the development of Vietnam’s card market, with local and foreign banks leading the charge. The automated teller machines (ATMs) network is growing and more retailers are catching on by accepting card payments. But when will plastic money really take off in Vietnam?
08-11-2004 17:42
A new Land Law decree has made it possible for foreign investors to develop and sell residential projects, but investors will be obliged to pay the state a sum at the time of sale or completion, as well as land rental payment in advance.
07-09-2004 18:15
A number of new regulations in a draft decree created to encourage non-cash payments in Vietnam, proposed by the State Bank last week, failed to impress financial experts and businesses.
31-05-2004 18:15
Cash payments by Vietnam’s businesses and organisations may soon be limited in order to develop the non-cash payment system, the State Bank said.
12-01-2004 18:16
THE Vietnam Maritime Commercial Stock Bank has launched a modern payment system whereby all branches nationwide will provide, real time payments.
22-12-2003 18:16
DOMESTIC banks are joining forces in a bid to establish a non-cash payment system which is expected to boom over the next five years, a State Bank official has said.The official was speaking after the recent launch of a joint card service between the Technological and Commercial Bank (Techcombank) and the Bank of Foreign Trade (Vietcombank).
30-09-2003 18:04
The government has tabled a plan to raise nearly $300 million from the sale of bonds to the end of the year - the first phase of an ambitious scheme to collect more than $4 billion from bond sales by 2010. Payment - both on the principal and the interest - is to be made in local or foreign currency, and funds raised by the sale are to support a number of road construction and irrigation projects nationwide.