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Banks to stop issuing magnetic strip cards in three months

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.

Payments by ewallets, ATM cards remain low in Vietnam

Online shoppers still prefer using cash on delivery (COD) instead of ewallets, credit cards or ATM cards to pay for their purchases.

 

Loading and unloading of goods threatens Ha Long Bay

VietNamNet Bridge - The loading and unloading of bulk commodities which can cause environmental pollution, such as cement, clinker and woodchips, have resumed on the Ha Long Bay despite the ban in 2012.

Manufacturers fear loss of household product market to foreigners

VietNamNet Bridge - The majority of Vietnamese are fond of foreign-made products, causing obstacles for Vietnamese household goods manufacturers. 

Hunting for pearls in Vietnam

VietNamNet Bridge - Big money has been poured into pearl projects in Vietnam, which has a long coastline of 3,600 kilometers, but profits have sometimes been unsatisfactory.

More land taken from natural reserves, national parks

VietNamNet Bridge - Road building projects that would pass through natural reserves have been proposed, while many resorts have been built in national parks. 

‘Drown’ vulnerability threatening computer systems

The Bach Khoa Anti-virus Center (BKAV), the leading internet security group, has warned that hundreds of important systems in Vietnam are at risk of having clients’ information stolen through vulnerability Drown on websites using https protocol. 

Banks still cannot put bad debt burden down

VietNamNet Bridge - The bad debt ratio of the banking system has decreased, but the bad debt value has begun to increase again.

High school students like geography, fear history

VietNamNet Bridge - A high percentage of students have decided to take the geography test for the 2016 high school finals, while history is the choice of very few students.

VTV to sell 49 percent of stake in VTVcab

VietNamNet Bridge - The national television VTV is looking for strategic partners for VTVcab, one of its subsidiaries now undergoing equitization.

Vietnamese super-rich willing to spend money on super cars

VietNamNet Bridge - Vietnamese rich are spending enormous amounts of money for super cars.

New expansion wave in banking sector begins

VietNamNet Bridge - Commercial banks are rushing to set up more branches and transaction offices after a long period of interruption.

Preschool teachers’ salaries not high enough to cover basic needs

VietNamNet Bridge - Having to work 10 hours a day and bearing pressure, a preschool teacher can earn some VND3 million a month.

Struggles with copyright infringement continue

Since using videos without permission, the national television VTV may have its YouTube account closed permanently. The struggle with copyright infringement has become hot once again.

Trade surplus causes economists to sigh with relief

VietNamNet Bridge - Vietnam witnessed a trade surplus of $865 million in the first two months of the year. However, it was foreign invested enterprises (FIEs) which deserved the credit.

Why do Japanese want a stake in Petrolimex?

VietNamNet Bridge - By the end of 2014, Petrolimex, the Vietnam Petroleum Import/Export Corporation (Petrolimex), held 48 percent of the domestic petroleum distribution market.

Securities companies afraid of becoming ‘foreign owned’

Many securities companies are wavering between lifting the room ceiling for foreign investors to 100 percent and staying Vietnamese-owned as they fear they will no longer receive preferences if they are foreign-owned.

Strange events surround instant coffee market

VietNamNet Bridge - What happened with the instant coffee market in 2015 showed that the market was unpredictable.

Big investment incentives only benefit foreign investors: experts

VietNamNet Bridge - Only foreign-invested automobile manufacturers can benefit from the current investment incentives, while Vietnamese automobile cannot grow, experts say.

Ignoring warnings, businesses still harbor ‘macadamia dream’

The Vietnam Macadamia Association has been officially set up under a decision by the Ministry of Interior Affairs. LienVietPost Bank and Him Lam JSC were two major businesses lobbying for the association.