Money withdrawal fees at ATMs to quadruple

The National Payment Corporation of Việt Nam (NAPAS) has proposed to increase the fee for money withdrawal from its ATM network by four times for each transaction from August 1.

VN invests in 34 overseas projects till April

The inflow of Vietnamese overseas investment is likely to increase more significantly in the time to come, said Đặng Phương Linh from the Việt Nam University of Commerce.

 

Viettel asked to follow customer rights law

Việt Nam Competition Authority has asked Viettel Military Industry and Telecoms Group to provide complete and accurate information related to paid services provided by TV channels.

Vietnam ICT COMM to expand

A wide range of telecommunications and IT products and services will be on display at the 2018 Vietnam ICT COMM to be held in HCM City next month.

State corps commit violations worth over $15b

State corporations and groups have been found to have committed violations worth nearly VNĐ350 trillion (US$15.5 billion) in State capital usage and management during the 2011-2016 period, according to the Government Inspectorate.

Banks warn customers over online scamming

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have issued official warnings to customers over online phishing scams.

$10m IT park to be built in Bình Định

The TMA Bình Định IT Park will be built at an estimated cost of US$10 million at the Quy Hòa science and education urban area in Quy Nhơn City, the central coastal province of Bình Định, chairman of TMA Solutions Nguyễn Hữu Lệ said.

Shares advance on low liquidity

Vietnamese shares had a good start on Monday with two main stock indices rising, but low liquidity and constant net selling by foreign traders remained an obstacle for a stable uptrend.

Lạch Huyện int’l port opens in Hải Phòng

The Lạch Huyện international port in the northern port city of Hải Phòng, which uses Japanese ODA funding, opened on Sunday (May 13), according to the Japan International Cooperation Agency (JICA).

 

Ministries urged to remove 49% foreign cap

The Prime Minister’s working group has asked the Ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 per cent at enterprises where foreign investment is not restricted.

VN shares expected to remain firm this week

Healthy market growth during the weekend cannot conceal the fact that local stock markets are likely to remain quiet this week, amid an information-missing month in May and rising tensions throughout the globe.

FDI firms prefer commercial dispute arbitration

As many as 40 per cent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trọng Đạt, Deputy Secretary General of the Việt Nam International Arbitration Centre (VIAC).

Oil firms pile up losses, shares take beating

The first quarter of this year saw the Petroleum Equipment Assembly & Metal Structure Joint Stock Company (PXS)’s revenues plummet to a mere VNĐ18.5 billion (US$815,000), 94.4 per cent down year-on-year.

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