Bac A Bank steadfast in commitment to people
11:11 | 26/09/2014 Finance - Banking
(VEN) - The North Asia Commercial Joint Stock Bank (Bac A Bank) celebrated its 20th anniversary on September 17, 2014. The bank has obtained outstanding achievements to become one of the biggest names in the Vietnamese banking sector.
Actively resolving bad debts
11:06 | 22/09/2014 Finance - Banking
(VEN) - Thanks to the project on restructuring credit organizations and handling bad debts, principles on the currency market have been restored and bad debts have also declined. However, the resolution of bad debts has still faced difficulties that the banking sector cannot resolve. These macro problems need the participation of ministries, departments, localities and the whole economy.
GDT’s feedback on personal income tax
15:13 | 11/09/2014 Finance - Banking
(VEN) - The General Department of Taxation (GDT) has responded to recommendations proposed by South Korean companies at an annual conference of the Ministry of Finance and South Korea companies on August 22 on not applying personal income tax on costs of lunches, mid-shift meals, housing, and air tickets more than one times per year for South Korean workers.
M&A in the banking sector
10:06 | 08/09/2014 Finance - Banking
(VEN) - Mergers and acquisitions (M&A) in the banking sector in 2014 are not as common as in previous years when most of the M&A cases involved smaller banks merging into larger banks. This year a number of leading banks merged to create greater strength.
Boosting card-based payments
11:12 | 03/09/2014 Finance - Banking
(VEN) - Non-cash payments are becoming more widespread in Vietnam. This can be seen through the growing number of card users, automated teller machines (ATMs) and points of sale (POS). The State Bank of Vietnam (SBV) said that along with promoting payments through POS, many commercial banks had asked for permission to provide payment services through mobile points of sale (mPOS).