Foreign bank and financial accounts

Given a supportive ecosystem from G-Group with nearly 30 million users across financial services, financial technology, and social networking platforms, Gpay aims to provide a comprehensive range of payment and financial services to five million users by 2023, according to the Vietnam News Agency. … [Read more...] about Vietnam’s e-wallet Gpay draws funding from S.Korean financial firm in Series A investment

As a result, some businesses may find it challenging to raise capital through bond issuance, forcing them to borrow money through banks. In addition, while the economy is on the road to recovery from the COVID-19 pandemic, interest rates are forecast to remain at the current low level and credit growth should increase – we estimate at around 12-14 per cent. … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market

Hue said they had borrowed from everywhere they could think of and put the house up as collateral for loans. They still owe the hospital some tens of millions of VND. Hue even asked other people where he could sell his kidney to save his daughter. Dr Vuong Cong Toan said Phuong was admitted to the hospital on December 9. After she was diagnosed with encephalitis, she was transferred to the intensive care unit. Her condition has worsened with more seizures and longer coma hours. "We'll have to give her blood dialysis. Her treatment will cost VND200m (USD8,600) to VND300m more," he said. "She can be saved and return to her normal life. We really hope people will help her family." If you can help please donate through: 1. Code 3994: Bui Van Hue from Dong Chiem Village, An Phu Commune, My Duc District, Hanoi. Tel: 0985991425 2. Dantri/DTiNews No. 2/48 Giang Vo Str., Dong Da Dist., Hanoi Tel: 024. 3. 7366.491/ Fax: 024. 3. 7366.490 Email: [email protected] * Vietnam … [Read more...] about Father plans to sell kidney to save ill daughter

Blue chips were the main drag when all of the top 30 largest shares by market value and liquidity (VN30) plummeted, of which eight hit the floor price of a 7-per-cent drop. All of them were banks and financial companies including BIDV (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), Sacombank (STB), Ho Chi Minh Development Bank (HDB), Saigon Securities Inc (SSI) and Hoang Huy Investment Financial Services (TCH). … [Read more...] about VN-Index suffers big loss, liquidity exceeds $1 bln

For example, by imposing business conditions or other restrictions on new businesses, the state agency can reduce the competition faced by SOEs. Policies and institutional structures that constrain competition are not in the national interest. While constraints to competition can make individual SOEs more profitable, the resulting lack of competition stifles innovation and productivity growth. “This hurts consumers because of higher costs and less innovation and variety; hurts workers because reduced productivity growth means reduced growth in wages; hurts other investors whose firms are being constrained, and hurts the government because of increased opportunity for corruption,” Mallon explained. … [Read more...] about Reshuffle underway to further stimulate revival of economy