Costly investment required to entice QR code users A QR code is similar to a bar code and made up of black and white squares that can be read by various devices, including smartphones and point of sale (POS) terminals.

Buybacks expected to perk up bank stocks On October 10, the HCM City Development Joint stock Commercial Bank (HDBank) announced that its shareholders had approved a plan to buy a maximum of 5 per cent of its 981 million shares being traded on the market, equivalent to 49 million shares.

Dept of Industry and Trade to continue support of enterprises: HCM City official

Phạm Thành Kiên, director of HCM City's Department of Industry and Trade (DoIT), speaks to the Người Lao động (The Labourer) newspaper about the department’s work plan for 2019.

F88 raises funding from European investor

Hà Nội-based pawn shop chain F88 has successfully raised a new round of financing from Dublin-based investor Granite Oak Advisors.

Banks jump into the e-wallet business

More and more banks are entering the e-wallet business as they see huge growth potential in the wake of the Government’s plan to reduce cash payments to below 10 per cent of all transactions by 2020.

Foreign investors eye Việt Nam’s e-wallet market

Foreign investors have poured into Việt Nam’s e-wallet sector as they huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10 per cent of the total by 2020.

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.

Jetstar begins on-line flight plan

Low-cost carrier Jetstar Pacific has been recognised as the first airline applying the on-line submission of flight plans at 16 airports in Việt Nam by the Civil Aviation Administration of Việt Nam (CAAV).

Banking sector sees bright prospects

As Việt Nam struggles under the weight of its bad debts, it has improved its legal framework to handle the situation. By issuing a resolution (42/2017/QH14), the first-ever on the settlement of non-performing loans (NPLs), it has adopted a pragmatic solution to handle bad debts. CEO of HSBC Bank Việt Nam, Phạm Hồng Hải, spoke to Việt Nam News reporter Nguyễn Linh Anh about the effectiveness of the resolution.

Banks rush to cash in on digital wallet market

On September 13 Samsung launched its mobile payment service, "Samsung Pay", in partnership with the National Payment Corporation of Việt Nam (NAPAS). Like Samsung, Apple also plans to bring its digital wallet, "Apple Pay", to Việt Nam soon.