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SeaBank, BRG Group and Vietnam Airlines launch a co-branded credit card called SeATravel in Ha Noi. — Photo courtesy of SeaBank Joint Stock Commercial Bank Southeast Asia, BRG Group and Vietnam Airlines Corporation (Vietnam Airlines) have launched a co-branded credit card called SeATravel, with many premium privileges and incentives, including deals on aviation, resorts, golf and shopping. Customers who successfully issued a SeATravel card will receive 3,000 Lotusmiles bonus miles that can be used to redeem airline tickets and upgrade services, along with the privilege of discount airfares when purchasing on the Vietnam Airlines website, which offers a 40 per cent discount for economy class and 20 per cent for business class from June 15 to December 31, 2022. SeABank also offers many incentives for customers to shop and spend via SeATravel card, such as experiencing an 18-hole golf round at four golf courses - BRG Kings Island Golf Resort, BRG Legend Hill Golf Resort, BRG Rube … [Read more...] about SeABank, BRG, Vietnam Airlines launch SeATravel co-branded credit card

A type of cashless payment (Photo: VNA) Hanoi (VNA) - The COVID-19 pandemic has been brought under control, and life for most people returned to normal. However, non-cash payments , encouraged during the pandemic to limit contact, have become popular among many people. The pandemic accelerated this payment form towards a cashless society as oriented by the Government and the State Bank of Vietnam (SBV). According to a survey recently conducted by digital payment giant VISA, 65% of Vietnamese are carrying less cash in their wallets and one-third say they will stop using cash after the pandemic. Almost 76% of the consumers now use mobile wallets and even more (82%) use cards. VISA also pointed out that online shopping and cash alternatives are all likely to stay on after the pandemic. Two-thirds of Vietnamese tried shopping online during the pandemic and half of them made their first purchase through social networks. Nine out of 10 consumers are now using home … [Read more...] about Cashless payments still booming after pandemic

The Cashless Ride program, as a part of this year’s Cashless Day, organized a fair in Da Nang City, central Vietnam on Sunday to introduce digital payment methods to local residents. The event attracted many residents and tourists, especially young people. Participants had an opportunity to experience cashless payment technologies as well as play games and win prizes offered by the program’s partners, namely NAPAS, Sacombank, MBBank, HDBank, VNPT Money, SHB, and Nam A Bank. The fair was an activity organized by the Cashless Ride, one of the programs within the framework of this year’s Cashless Day. The day has been marked annually on June 16 since 2019 by Tuoi Tre (Youth) newspaper and the State Bank of Vietnam. Cashless payments are a mainstream trend in many countries nowadays, said Vo Minh, director of the State Bank of Vietnam's Da Nang branch. Digital payments in Da Nang have grown strongly in recent years, with a variety of payment methods including bank cards, … [Read more...] about Da Nang residents try out digital payment methods at cashless fair

DoIC is working with World Bank to host a conference on developing a data strategy for HCMC from 2022-2025 https://data.hochiminhcity.gov.vn . The accessible databases here include electronic version of official documents and information on businesses and household businesses, secured transactions, house use right or land use right registration, hospitals, job certificates, schools and universities, educational services, foreign investment projects, public investment projects, market prices of essential commodities. DoIC is launching a virtual assistant service to aid officials to use these databases effectively for administrative procedure completion. Explaining difficulties arisen during the first development stage of these databases, Deputy Director Trinh shared that some content has not been done owing to negative impacts of the Covid-19 pandemic. However, the civil status database has been finished at the end of 2021, and the 1/2,000 and 1/5,000 geographic foundation … [Read more...] about HCMC completes first phase of developing shared databases

The 26-year-old earned a wild card entry to the 18th edition of the event after Vietnam failed to win a berth through the official qualification regime. She will compete in the 400 m hurdles qualification round on July 19. If she qualifies, she will head to the semi-finals on July 20 and the finals two days later. Lan will go up against the fastest runners in the world, including Olympic champion Sydney McLaughlin who crossed the finish line in 51.41 seconds and broke her own world record of 51.46 seconds in 400 m hurdles at the U.S. track and field championships last week. Lan won the 400 m hurdles race at the 2018 Asian Games and the Asian championships in 2019. She also claimed two SEA Games gold medals in the 400 m hurdles and 4x400 m relay, and a bronze in the 400 m last month. She had reached the semifinals of the 400 m hurdles at the Tokyo Olympics last year but could not manage a podium finish. At the 2019 championship in Qatar, Vietnam's Ngan Ngoc Nghia competed in the … [Read more...] about Lan to represent Vietnam at world athletics championships

The deal, which includes a combination of credit cards and personal loans, represents the largest single acquisition made by Collectius to date and signifies a growing need for debt restructuring solutions in the country as loan defaults become more common. The NPLs were a joint acquisition by Collectius and the International Finance Corporation (IFC), a member of the World Bank Group. Both parties partnered in 2020 to launch the $60 million Distressed Asset Recovery Platform Programme that focuses on the acquisition and resolution of distressed assets across emerging markets. This programme helped many customers across the region meet their financial obligations and regain creditworthiness. IFC is also a minority equity shareholder in Collectius. In addition, Collectius recently acquired NPL portfolios from a leading super app in Southeast Asia, as part of a regional deal that covers five countries including Vietnam. Through these NPLs acquisitions, Collectius now serves more … [Read more...] about Collectius acquires more than $800 million of non-performing loans in Vietnam