Last Friday, 150 Chinese experts were placed in quarantine after a special train carrying them arrived in the central province of Quang Ngai. They had been granted special entry to enter Vietnam to work for economic projects at the Dung Quat industrial park. … [Read more...] about Vietnam grants special entry for 331 Chinese workers
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Dung said that as Vietnam is expected to be a favourable destination for investment after the COVID-19 pandemic, that is why it is important to create an optimal environment to welcome the influx of capital. … [Read more...] about Government report-information system to be launched next month
Phnom Penh (VNA) - The National Assembly of Cambodia on June 4 adopted two draft laws on anti-money laundering (AML) and counter-terrorist financing (CFT) and on combating the financing of weapons of mass destruction (WMD) proliferation. Speaking at the assembly's session, Cambodian Interior Minister Sar Kheng said the country became a member of the Asia Pacific Group (APG) on Money Laundering in 2004 and as its member, the kingdom is required to follow international standards on combating money laundering, terrorist financing and WMD proliferation financing. According to the official, the draft law on AML and CFT is designed to combat money laundering and terrorist financing by identifying measures to control, prevent, crack down on and eliminate them. It also stipulates measures to freeze, restrain and seize assets in criminal proceedings, and to punish perpetrators. Meanwhile, the draft bill on combating the financing of WMD proliferation was aimed at controlling on providing … [Read more...] about Cambodia passes draft bills to curb money laundering, weapon financing
Hanoi (VNA) – Several issues of public concern were mentioned during a press conference following the monthly Government meeting in Hanoi on June 2. Speaking at the event, Chief of the Office of the Ministry of Public Security Maj. Gen. To An Xo cited the Department of Criminal Police’s report as saying that ‘black’ credit crime now accounts for 22.6 percent of the total with various tricks in almost localities. Xo added that the ministry gave a warning about this crime on its portal and instructed people how to avoid its trap. In the coming time, the ministry will review the implementation of the Prime Minister’s Decree 12/CT-TTg on fighting all types of crimes and law violations related to ‘black’ credit activities. About investigation on five major economic cases causing serious consequences at Nhat Cuong company, the Vietnam Expressway Corporation, the Da Nang – Quang Nam expressway management board, the Saigon Agriculture … [Read more...] about Government press conference clarifies issues of concern
Hanoi (VNS/VNA) - Non-cash payment activities have developed strongly in recent years with many payment services such as digital banks and e-wallets. A new trend of developing payment services on mobile devices, called mobile money, is also being implemented. Many economists have said that competition between e-wallets and mobile money might not happen as each payment method has different goals and market share. Economist Can Van Luc said customers of each payment method were quite different. Mobile money will mainly focus on those who already have phone numbers. The customers of this payment method are everywhere including in rural, urban, remote and mountainous areas. Mobile money and e-wallets have the same purpose of creating a community which uses cashless payment. However, mobile money helps people using mobile accounts to transfer money and pay goods with small value quickly, so its payments have limited value compared to e-wallets. On the flipside, economist … [Read more...] about How will mobile money affect e-wallets?