Gov’t raises depositor compensation Business

Gov’t raises depositor compensation

The maximum insurance payable to a depositor for all deposits in an insured organisation will be raised to 75 million VND (3,289 USD) from 50 million VND with effect from August 5.

Bank card payments gain popularity

Total non-cash payments in Vietnam reached 32 billion USD by late 2011, showing that consumers are increasingly using bank cards for their transaction, according to the Bank Card Association.