Cross border transactions ma

Hanoi (VNA) – Thailand's cross-border trade fell 8.5 percent year-on-year in January-July period, mostly due to the closure of border checkpoints amid COVID-19, according to the Thai Ministry of Commerce. The Ministry’s Foreign Trade Department reported that overall cross-border trade, including transit trade, totalled 741 billion baht (23.68 billion USD) from January to July. Thailand‘s border trade with four neighbouring countries — Malaysia, Myanmar, Laos and Cambodia — stood at 434 billion baht, a 12.8 percent decline year-on-year, the department said. Malaysia is Thailand’s biggest border trade partner, with two-way trade reaching 131 billion baht in the period, down 23.6 percent. The transit trade value with Vietnam and other countries reduced 21.8 percent and 15.8 percent to 34.9 billion baht and 91.7 billion baht respectively. Thailand’s cross-border trade is likely to improve in the remaining months as countries reopen their … [Read more...] about Thailand’s cross-border trade drops 8.5 percent in seven months

Another big problem is the existence of unlicensed intermediary payment modes. It will be dealt with in a draft decree on cashless payments, under which intermediary payment agents will have their licenses revoked if they commit prohibited behaviors, including supporting gambling. The tentative provision is set with a reference to the Rikvip case. … [Read more...] about Vietnam mulls solutions to prevent unlicensed cross-border games

“However, the costs of redundant fiscal incentives can possibly exceed the benefits of additional FDI. Offering excessive CIT cuts poses a threat to national budget revenues,” Pham Van Long, researcher at VEPR argued. Currently, lost budget revenue due to CIT incentives is estimated at 6 per cent of GDP in Cambodia, 1 per cent GDP in Vietnam, equivalent to about $2-2.5 billion. … [Read more...] about FDI possible in digital cross-border services

Trinh Hoang Khang, born in 1994 and residing in Dong Hai district of the Mekong Delta province of Bac Lieu, was caught red-handedly in Tay Ninh’s Duong Minh Chau district. … [Read more...] about Cross-border drug trafficker arrested in Tay Ninh

A student tries to balance on the raft. This is actually not an uncommon sight in Vietnam, where many people in rural and remote areas are still risking their lives every day to go about their daily business. However, on a day when children across the country are both eager and anxious to start the new school year, the image is a stark reminder of the massive gap in education opportunities and insufficient support for children. Somehow, a kid sitting on the back of a motorbike in Hanoi's choking air 600 kilometers away is ironically a happy one. … [Read more...] about Perilous river crossing makes first day at school nerve-racking in northern Vietnam