Illustrative image (Source: zing.vn) Hanoi (VNA) - A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30. If banks want their customers to pay electric bills on their systems, they should work with the power sector to develop a customer database and then offer the online payment service to users, he said. The money spent on bills will be deducted from users’ e-wallets and bank cards, then transferred into power firms’ accounts. The Government has tried to reduce the use of cash across economic sectors. The State Bank of Vietnam (SBV) should work with commercial banks to develop a 24-hour transfer system so bills can be paid even in the middle of the night, Thang said. The Vietnamese … [Read more...] about Lack of cooperation prevents spread of non-cash payments
Registrar of cooperative societies
At the opening session of the 2nd Asia-Pacific Cooperative Registrars’ Forum in Ho Chi Minh City on April 17 (Photo: VNA) HCM City (VNA) – Deputy Prime Minister Vuong Dinh Hue called on cooperatives in the Asia-Pacific region to boost cooperation and connect markets to promote sustainable development of the cooperative sector. Attending the opening session of the 2nd Asia-Pacific Cooperative Registrars’ Forum in Ho Chi Minh City on April 17, Deputy PM Hue said that it is important for domestic cooperatives to form a complete value chain rather than just providing materials for agricultural sector. As Vietnamese cooperatives are facing difficulties in switching to the new operation models due to legal challenges, including procedures to establish a business under a cooperative, and a lack of clear criteria for auditing, Vietnam should learn experience from regional countries to assure that cooperatives will contribute to the fast and sustainable development of … [Read more...] about Int’l cooperation key to sustainable development of cooperative sector
Vietnamese Deputy Prime Minister Trinh Dinh Dung spoke at the Vietnam-India Business Forum held in Hanoi on November 19 India is now one of Vietnam’s 10 largest trading partners. Two-way trade has increased over the years since the two countries established a strategic partnership, reaching US$7.63 billion in 2017, and US$8.3 billion in the first nine months of 2018. The two countries are working towards a goal of US$15 billion in bilateral trade. By September 2018, India poured US$877 million into 201 investment projects in Vietnam, ranking 29th among the 129 countries and territories investing in the country. Most of the projects focus on the manufacturing and processing industry, telecommunications, information technology and mining. Many major Indian corporations, such as TATA, ONGC and Essar have reported successful operations in Vietnam. According to the Indian Embassy in Vietnam, the Indian government has deployed a US$100-million package to support its companies … [Read more...] about India, Vietnam welcome new areas of cooperation
VietNamNet Bridge - General Secretary of the Vietnam Linguistics Association Pham Van Tinh says language disorders are a product of modern society. Children may suffer if they are forced to learn foreign languages too early and follow the wrong methods. General Secretary of the Vietnam Linguistics Association Pham Van Tinh Experts believe that an early age is the best time for kids to start learning a foreign language. However, opinions vary about what ‘early age’ means. In Vietnam, some urban parents believe that their children should be studying English at the age of two or three, while others fear learning a foreign language at an early age increase the risk of language disorders among children. The critical age for children to use English is 5-6, when they obtain basic vocabulary. At this age, children can learn a second language quickly. The critical age for children to use English is 5-6, when they obtain basic vocabulary. At this age, children can learn a … [Read more...] about Language disorders: product of modern society?
Topics on the agenda for discussion included the trend of cooperatives amid globalisation, the role of cooperatives in addressing rural and agricultural issues in Vietnam, the current state of cooperatives in Vietnam, and measures to enhance the capacity of cooperatives. VCA Vice President Nguyen Manh Cuong stated that cooperatives in Vietnam have been active in poverty reduction and rural modernisation programmes and are playing an increasingly important role in agricultural development. However, Vietnamese cooperatives are still facing many weaknesses such as their slow growth, small size and poor management. Cuong was eager to stress that while Vietnam is deepening its international economic integration, it is highly necessary to enhance the management capacity and competitiveness of cooperatives in order to effectively deal with matters concerning agriculture, farmers and rural areas. At the workshop, Agriterra shared the Netherlands’ experience in organising, managing and … [Read more...] about Workshop discusses development of cooperatives amid globalisation