Remittance to HCMC reaches $1.12bln in first three months

Remittance to HCMC reaches $1.12bln in first three months

Remittance sent through credit institutions to Ho Chi Minh City in first three months reached $1.12 billion, a year-on-year increase of 4.5 percent, the State Bank of Vietnam’s branch in HCMC said.

Credit card holders will not be allowed to withdraw cash at card readers of domestic points of sale (POS) from March this year, says the State Bank of Vietnam (SBV) (Photo: tuoitre.vn)

No cash withdrawal at domestic POS from March

Credit card holders will not be allowed to withdraw cash at card readers of domestic points of sale (POS) from March this year, said the State Bank of Vietnam (SBV).
Bad debts worth VND 93.7 trillion (US$4.12 billion) were recovered last year. (Photo: cafef.vn)

Bad debt ratio at 2.3 percent by end of 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.

PyeongChang Olympics to only accept Visa cards

PyeongChang Olympics to only accept Visa cards

The PyeongChang Winter Olympics will only accept Visa credit cards for purchases of tickets, souvenirs and other goods at the games venues, officials said Sunday, a move that could cause inconvenience for people who use other cards.
(Illustrative photo:SGGP)

Foreign currency loans increase sharply

Credit growth rate of Ho Chi Minh City rose 15.57 percent at the end of October, 2017 compared to the end of 2016, being higher 2 percent than the country’s average credit growth rate, reported Vice Director of the State Bank in Ho Chi Minh City Nguyen Hoang Minh.