Vietnam’s first domestic chip cards will be launched in the first quarter of 2019 to enhance safety and service quality of the country’s bank card operations, according to the National Payment Corporation of Vietnam (NAPAS).
Improving the business environment and national competitiveness is a core policy priority of the Vietnamese Government in 2019.
Hyundai Marine & Fire Insurance Co Ltd (HMFI), the Republic of Korea’s No 2 non-life insurer, has signed a stock purchase agreement to buy a 25% stake in Vietnamese non-life insurer VietinBank Insurance Joint Stock Corp (VBI).
With over one month to go for the 2019 Lunar New Year (Tet), the beer market is becoming active with supermarkets and retailers starting to make preparations for breweries sales campaigns.
Vietnam’s coating and printing ink industries have had annual growth of 13-14% in recent years and are expected to grow further, according to the Ministry of Industry and Trade.
With increasing incomes, consumers are paying greater attention to products of high quality and health foods, and producers and distributors need to focus on such products, a forum on Vietnamese high quality foods and agricultural products heard in Ho Chi Minh City on December 20.
Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises.
Vietnamese and foreign firms are increasingly resorting to arbitration for settling disputes related to mergers and acquisitions, experts told a conference in Ho Chi Minh City on December 20.
Vietnam relies heavily on imported machinery and equipment from China, and experts are worried the country might become a landfill of outdated technologies, urging measures to tighten the import of second-hand machinery and equipment.
Many commercial banks raised deposit interest rates in recent months, triggering worries about the increasing pressure on the lending rates.