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Cambodia: Looking to the future with e-payment technology

Vincent Ling, the deputy general manager at UnionPay International Southeast Asia, talks to Khmer Times’ Chea Vannak about the latest development in e-payment technology in Cambodia. KT: How has UnionPay evolved in Cambodia in recent years? Vincent Ling: Since 2008 we have extended our acceptance network in the country to allow our clients to use their UnionPay cards […]

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Vietnam: Alarm over foreign currency lending growth

According to the National Financial Supervisory Commission, in the first eight months of the year, lending in foreign currencies jumped by 11.5 per cent compared to only 1.7 per cent in the same period last year. It was slightly higher than the growth in dong credit.  Interest rates on loans in foreign currencies are much lower […]

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Vietnam: PM stresses key role of private sector in economy

HANOI — Prime Minister Nguyen Xuan Phuc praised the significant success of the private economic sector, saying it represented 96.7 per cent of the country’s 500,000 enterprises. PM Phuc spoke in Hanoi at a Saturday policy dialogue with 14 chairmen and general directors of leading private enterprises.  Attending the event were also leaders of the Government […]

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