Fears of the pandemic crippling corporate profits and diminishing the allure of risky assets have sent investors scramble for cash rather than other assets.
Visa, the world-leader in digital payments, and NextPay, a provider of comprehensive digital transformation solutions (the parent company of Vimo E-wallet and the mPOS Payment Solution), today signed an MoU to promote cashless payments in Vietnam. Together, Visa and NextPay aim to strengthen the network of merchants that accept digital payments in Vietnam and expedite the application of innovative technologies and payment platforms globally.
Vietnamese e-wallet users perform 1.6 to 2.2 transactions on digital platforms daily with an average spending of VND500,000 ($21.5), according to a survey.
Tran Hoai Nam, deputy general director of HDBank, has registered to buy 500,000 shares of his bank on the Ho Chi Minh Stock Exchange between April 3 to 29 for investment, according to the exchange.
The State Bank of Vietnam set the daily reference exchange rate at 23,235 VND per USD on March 31, up 5 VND from the previous day.
The State Bank of Vietnam set the daily reference exchange rate at 23,230 VND per USD on March 30, down 5 VND from the last working day of previous week (March 27).
Shinhan Bank will increase the fee for its courier-overseas cheque outward collection service for personal customers to US$55 from 11$ (fees include value-added tax), effective on April 3.
The Ministry of Finance has proposed deferring VND80 trillion ($3.4 billion) worth of taxes by five months for businesses affected by the novel coronavirus.
The Military Commercial Joint Stock Bank (MB Bank) has decided to postpone its annual shareholders’ meeting.
Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Viet Nam (NAPAS) to halve the switching fees for local banks from Wednesday.