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Posts Tagged ‘cards’

Over 1,300 tour guides apply for processional cards

In Uncategorized on July 31, 2010 at 7:19 pm




Over 1,300 tour guides apply for processional cards


QĐND – Saturday, July 31, 2010, 21:30 (GMT+7)

More than 1,300 tour guides in HCMC have put their names down at the Department of Culture, Sports and Tourism to change their practicing cards for new professional ones, a tourism official said.


The official of the Travel Division under the department said that of the total, over 900 are holders of cards that allow them to guide international tourists, and over 400 tour guides who are serving local travelers without cards.


Under the law, the tour guide will receive the new card within 15 working days, though the official said, “We have yet to issue any new cards to the tour guides.”


According to the division, the city had 1,680 tour guides for foreign tourists and a big number of tour guides for domestic travelers. Under the new tourism law, these tour guides have to apply for new cards or lose their operation permits.


The Vietnam National Administration of Tourism (VNAT) early this month told provincial departments of culture, sports and tourism to issue new cards for professional tour guides to replace paper-based cards, and the change should be completed by August.


* In related news, the HCMC Department of Culture, Sports and Tourism this Friday and Sunday will organize the final round of a contest to select best tour guides of the city.


A total 21 tour guides from 11 travel companies along with two freelance tour guides will compete in the final round. These tour guides have been selected from those of 300 travel companies in HCMC, and ten best tour guides of the city will compete in the national tour guide contest in Hanoi next month.


Source: VietNamNet/SGT


 


Source: QDND

Vietcombank set to reissue its debit cards

In Vietnam Banking Finance on January 11, 2010 at 5:56 am

Vietcombank will cancel and reissue its Connect24 debit cards in line with a plan by the State Bank of Vietnam to standardise the Bank Identification Number (BIN) system nationwide.









Between now and June 30, 2011, Connect24 cardholders will therefore be able to request new cards with Vietcombank’s updated BIN. During that time, they will also be able to continue using their old cards. But effective July 1, 2011, all cards issued under the old BIN will be terminated.


Connect24 holds the leading share of the domestic payment card market, with 4 million cards outstanding out of an estimated 17 million issued by all banks nationwide.


Vietcombank deputy director Dao Minh Tuan said that, before the central bank’s regulation was issued in 2007, each bank was allowed to select its own BIN. But, when many banks issued their own cards, BINs were repeated sometimes, creating problems for ATMs to recognise cards.


To deal with the problem, the State Bank ordered banks to co-ordinate BINs, with the central bank to provide a BIN for each bank. The new BINs include six figures, starting with 9704, with the latter two figures different from each bank.


About 30 banks have been issued new BINs and will also reissue their bank cards sometime before the end of June next year.


“The cost to reissue all debit cards on the market may reach 120 billion VND (6.4 million USD) or about 7,000-8,000 VND per card,” said a representative of Smartlink Card Services Joint Stock Co who asked to remain anonymous.


VP Bank deputy director Duong Thi Thuy said that standardising BINs was very necessary in Vietnam, renewing all cards at the same time would overload this system.


ABBank director of individual customers Dam The Thai said the bank had been reissueing cards with the correct BIN and that the number of outstanding cards using the old BIN was only 10,000.


ABBank would renew cards for free customers between now and the end of the year, he said.


Debit cards issued since 2008 have the correct BIN and about 1 million international cards, which have standardised BINs, will not need to be reissued.


Source: SGGP Bookmark & Share

Vietinbank issues two new int’l credit cards

In Uncategorized on October 16, 2008 at 12:55 pm

Hanoi (VNA) – The Vietnam Bank for Industry and Trade (Vietinbank) announced that it officially issued two new international credit cards on October 15, including Cremium Visa and Cremium MasterCard.

Accordingly, Cremium card holders can withdraw cash and pay for goods and services at tens of millions of point-of-sale (POS) and ATM systems worldwide bearing the Visa and MasterCard logos.

With a flexible card line, customers can use the post-payment services without fees or interest payments if they pay within 45 days.

In addition, Cremium card holders will also receive global health insurance worth 5,000 USD and can benefit from an intelligent reward scheme when paying for goods and services.
The Cremium credit cards are suitable for all customers who have a monthly salary of 2.5 million VND or more and receive their salaries via Vietinbank’s ATM E-partner card without any secured assets.

Between November 1, 2008 and January 25, 2009, Vietinbank will run a promotion entitled “One week being a king in America ” for Cremium card-holders in particular and Vietinbank’s customers in general. Card-holders will receive special tickets, with the chance of winning a one-week tour to America worth 130 million VND.-

ATM cards more popular but number of users limited

In Uncategorized on October 13, 2008 at 12:51 pm

The number of Vietnamese using debit and credit cards has grown to 900,000, or only one percent of the country’s population, according to VISA International.

The popularity of the cards in Vietnam, however, has soared in the past 10 years, as the country’s economic growth rate averaged 7 percent each year, with a record 8.44 percent growth last year.

The cards are used in the increasing number of shopping malls that carry luxury or world-class brands of consumer goods.

The number of card holders is much higher in other Asian countries, with 5 million in Malaysia or 20 percent of the population, and 3.08 million or 68.5 percent in Singapore.

In Thailand, 6.9 million or 10.6 percent of the population, hold cards, according to Truong Minh Ha, VISA International’s chief representative in Indochina area.

Hong Kong has one of Asia’s highest percentages, with multiple cards owned by individuals. The number of cards is double the territory’s population.

Still, most Vietnamese continue to make cash payments and the number of salaries paid via a bank account are still modest, according to Trinh Thuong Thuc, head of credit of Vietcombank’s HCM City branch.

Deputy General Director of East Asia Bank (EAB), Phung Duy Khuong, said that many people still thought that payment cards were only for those in a higher-income bracket and those who frequently travelled abroad.

Contributing to the problem were banks; weak regulations on loans and excessive amount of time spent on loan collections. Banks were still hesitant to issue cards for fear or risks, Thu said.

Ha, however, said bank’s had sufficient foreign currency exchange fees, service fees, and mortgaged assets, more than many other countries.

There are 22 banks’ participating in the VISA payment system, with 10,000 Point of Sale terminals (POS) at shops nationwide.

About 50 percent of banks charge fees for purchase made with credit or debit cards, while only 10 percent do so in Cambodia , leading to more infrequent use in Vietnam.

High services fees for card payments also account for the decline in the number of foreign tourists in Vietnam, according to Ha.

Nguyen Tu Anh, general director of SmartLink Card Service Co., said Vietnam’s personal database procedures on card issuance were not working well.

Banks had not identified the right customers, she said.

Some customers who qualify have low demand for the cards, while others who have high demand can only receive a card with a secured deposit paid in advance.

Banks should improve their marketing strategies so that consumers understand payment cards’ benefits, Khuong said.

More card alliance should be established and more POS should be installed throughout the country, Khuong said, adding that bonus point accumulation and service fee cuts should also be offered.-