Vietnam govt to service debt for troubled cement projects

On Wednesday, state-backed newspaper Tuoi Tre said Dong Banh Cement Joint Stock Co, a subsidiary of state-owned Song Da Group, was asking the government for help in paying $3.4 million back to ANZ.

Vietnam tourism receipt poised to grow at a CAGR of 13pct

At present, Vietnam has become a more attractive destination for medical and cosmetic surgeries, by offering cheaper service prices than other countries. This has resulted in a rise in number of visitors from around the world seeking remedies for a range of medical needs. These include both critical health services as well as cosmetic and remedial care.

Foreign telcos dial up capital changes

Figures from the Ministry of Information and Communication revealed that Vietnamobile and Beeline networks were ranked at the bottom of market share lists. Vietnamobile had a 3.1 per cent mobile service market share and Beeline a mere 0.16 per cent by the end of last year.

Hong Leong Bank launches new branch in Vietnam

Group Managing Director Yvonne Chia said the new branch, together with the Priority Banking Service, would enable the bank to appeal to and serve more customers, as well as deepen and strengthen its presence in Vietnam.

Banks rush to set up offshoots

In the last shareholder meeting, VietABank said it would establish a number of affiliated companies such as property trading and services companies, banking service providers and especially financial investment company.

Project offers treatment and care for drug users

The project’s objectives include increasing beneficiaries’ access to drug detoxification services, and restoring health for drug users, thus reducing drug addiction’s effects on community’s health, including HIV transmission. It also aims to raise local authorities’ capacity on building and developing drug treatment networks and a healthy community, as well as duplicate the project’s model to turn it into a nationwide social service network to reduce drug demand.

Labour export market shows positive signs

The Air Service and Trading Joint Stock Company (Airseco) has just signed a contract to provide 100 ground keepers for golf courses in Japan over the next three years, according to General Director Nguyen Xuan Vui. The workers are scheduled to be sent to Japan by the end of the first quarter this year. They will receive a monthly salary of between 36-40 million dong (US$1,800-2,000) in the first year. The salary will be adjusted over the next two years.

Vietnam banks accept losses in non-cash payment service to head off

Economists attributed the underdevelopment to poor infrastructure coming from the uncompleted POS system of banks; card accepting posts such as goods and service providers (supermarket, shops, shopping malls, hotels, hospitals, stations, coach stations…) do not preferred using non-cash payment transactions for the fear that their revenues are supervised and they do not want to pay fees for banks. According to international norms, the fee card accepting posts have to pay to banks is 3% of payment amount via cards.

HCM City looks to improve services

I think HCM City is the place where we have enough conditions and opportunities to boost service science by increasing the proportion of services to GDP, especially luxury services using high value-added, modern technologies based on the information technology (IT).

VN publishes book on land border with China

The book was jointly compiled by the Ministry of Information and Communication’s Foreign News Service Department, the Foreign Ministry’s National Border Committee, and the Vietnam Association of History Science, said Deputy Information and Communication Minister Do Quy Doan.

Foreign banks on scale in Vietnam

Services acquiring technology and management process, namely factoring, guarantee, money flow management, derivatives, also were launched in the market. Vietnam’s leading domestic banks used smoothly discount instruments, rediscount, and transfer of valuable papers to diversify their business. Since then, turnover structure of banks has changed gradually. Credit service, which previously had made up 90% of local banks’ revenue, now is reduced to 30-50% of annual income.

Banks ordered to suspend service of converting into $2 banknote

According to a banking official, supply of small changes to meet commercial banks’ year-end demand is not short, but SBV’s message is not to boost banknotes with small face value in circulation. Factually, the Central Bank always provides different kinds of banknotes with different face value to commercial banks who then will meet customers’ need. Consumers’ demand for small changes for lucky money in Lunar New Year is available with a purpose of giving lucks to receivers.

VN, India scientists work for people’s benefits

The two countries will cooperate in designing and developing aerial technology for 3G and 4G wireless services as well as photoelectric cell technology for turning solar power into electricity. They will team up in developing Geographic Information System (GIS) techniques to spot areas vulnerable to droughts in service of agriculture and forestry and extracting substances from starfish in service of the pharmaceutical industry.

Vietnam telecom giants pressuring smaller players

Last July, the Ministry of Information and Communications (MIC) approved a proposal by military-run mobile phone service provider Viettel to reduce phone tariffs by 10-15%. This brought Viettel’s charges to levels below Vinaphone and Mobifone. But just few days later, the Viet Nam Post and Telecommunications Group (VNPT), which operates both Vinaphone and Mobifone systems, also reduced charges by 10-15% for their post-paid subscribers after getting the nod from MIC.

Binh Duong’s Real Estate Market Is Absorbing Foreign Investors

According to Savills Vietnam, the leading property service provider, Binh Duong’s economy has gained quick growth with great FDI capital. This success has created a great demand in terms of construction, real estate development together other services relating to the housing field. Binh Duong has recently been focusing on infrastructure development, especially the Binh Duong new city project of 1,000 ha, the Tan Van-My Phuoc highway…

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