Visa vietnam uk

The UK ranked third in Vietnam’s total import and export turnover with EU countries in 2018, with US$6.74 billion, up 9.5 percent compared to the previous year, while Vietnam ranked 38th among the UK’s 241 trading partners and 25th among the 233 countries exporting to the UK. In ASEAN, Vietnam ranked second (after Thailand) in terms of exports to the UK. In the first eight months of 2019, bilateral trade reached US$4.53 billion, a year-on-year increase of 2.09 percent. By the end of August, the UK had 366 investment projects in Vietnam with total capital of US$3.64 billion, putting it 15th among the 132 countries and territories investing in Vietnam. At the meeting, Deputy Minister of Industry and Trade Hoang Quoc Vuong said the Vietnamese government as well as the two business communities has made greater efforts to contribute to the success of JETCO meetings, helping remove trade barriers and create a favorable business environment. UK Minister of State at the Department … [Read more...] about Vietnam, UK commit to stronger trade, investment

The winning team of the 2019 Practical Money Skills programme On September 10, the Central Committee of the Vietnam Student Association (CCVSA) and Visa held the grand finale of their 2019 Practical Money Skills programme at Hanoi University, concluding a programme in which five teams of students from across the country developed plans to help promote financial literacy among their peers. Team MTU (Mien Tay Universities) from Mien Tay Construction University and Vinh Long University of Technology Education was awarded the grand prize of a Visa prepaid card loaded with VND20 million for its campaign “MTU – 15 days of saving” which impressed the judging panel with its creativity, reach, and clarity in conveying a strong financial education message. Nguyen Minh Triet, permanent vice president of the CCVSA, said, “After eight years of co-operating with Visa on this programme, we continue to be impressed by the creativity and hard work of students across the … [Read more...] about Visa & CCVSA’s 2019 Practical Money Skills programme draws to a close

Dang Tuyet Dung, Visa country manager for Vietnam and Laos The State Bank of Vietnam’s (SBV) has set forth the target of reducing cash payments in the total payment mix on to below 10 per cent by the end of 2020, then to 8 per cent by 2025. What has Visa been doing to support Vietnam in realising the target? With the network in more than 200 nations and territories, together with support from financial institutes like banks, financial companies, enterprises and fintech companies, our mission is to connect the world with secured, ­efficient and innovative payment ­solutions to all individuals, ­organisations and the economy. In Vietnam, with 14 years of ­operation, Visa prioritises the work with the Vietnamese government as well as the SBV on building and ­improving Vietnam’s payment ­infrastructure as a strategic mission. Visa often pioneers bringing in state-of-the art technologies on e-­payment and digital technology into the … [Read more...] about Visa and the non-cash future

KPMG Vietnam unveiled its latest trade initiative for British and Vietnamese exporters According to KPMG, the new trade initiative addresses four pillars of challenges that British and Vietnamese firms may face in bilateral trade relationships. The first one is commercial hurdles, which involve verifying the identity of trading partners as well as detecting possible connections to money-laundering or other types of fraud. The second pillar addresses legal issues related to compliance with local laws and international standards. This includes corporate transparency, ethical questions, and government regulations for both British exporters and their Vietnamese counterparts. Tax, the third pillar, analyses the linkage between tax morality and tax compliance. Last but not least, the fourth pillar deals with customs challenges, ranging from documentation and duties to IT infrastructure and the qualifications of customs officers. KPMG Vietnam leaders welcomed the British diplomats at … [Read more...] about New initiative designed to boost UK-Vietnam trade

Japan’s economy revitalization minister Toshimitsu Motegi (Photo: Kyodo/VNA)   Hanoi (VNA) – Japan’s economy revitalization minister Toshimitsu Motegi has welcomed the UK’s expression of interest in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to Kyodo News. The Japanese news agency reported that during talks in Tokyo, International Trade Secretary Liam Fox expressed the UK's desire to join the TPP, and Japan offered to provide necessary information and to act as an intermediary. Kyodo quoted Motegi as saying at the outset of the talks that the UK’s expression of interest in joining the CPTPP is a great encouragement to the CPTPP’s members’ efforts to attach importance to a free trade system based on rules and to fight protectionism. Motegi told reporters after the meeting that Britain's participation would help promote multilateral trade systems that are "free, fair and … [Read more...] about Japan welcomes UK’s interest in CPTPP