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Banks slash fees for interbank fund transfers
Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Vietnam (NAPAS) to halve the switching fees for local banks from Wednesday.
Cable televisions fear telecom giants
VietNamNet Bridge - SCTV, VTVcab, VNPT, Viettel and FPT are in competition to provide integrated services for television, internet and voice calls on the same cable line.
Heavier fines won't deter traffic violations
Higher penalties are unlikely to reduce traffic violations if root causes are not identified and addressed, Deputy Transport Minister Le DinhTho said.
NA denies that Vietnamese bear highest taxes, fees in ASEAN
VietNamNet Bridge - The Chair of the National Assembly’s Finance & Budget Committee, Phung Quoc Hien, recently denied that Vietnamese still have to pay the highest taxes in ASEAN.
New taxi app Uber frustrates government officials
VietNamNet Bridge – Vietnamese management agencies are arguing about the legitimacy of the taxi app Uber in the country.
ATM transactions bring tens of billions of dong to banks
VietNamNet Bridge – Card holders have got with 17 kinds of fees charged by commercial banks, while the fees have been increasing rapidly.
Hanoi begins collecting road maintenance fee from motorcycles
The fee is VND50,000 per year with motorcycles of less than 100 cm3 and VND100,000 for motorcycles of over 100 cm3. This is the lowest level in the framework of road maintenance fees issued by the Ministry of Finance.
The secrets of ATMs
Commercial banks all complain that they have been incurring with ATM services, but they still keep developing ATM services.
Telcos awaiting MIC’s nod to earn VND1.8 trillion more a year
The military telecom group Viettel has proposed the Ministry of Information and Communication (MIC) to increase the floor connection fee for incoming international calls from US4.1cents currently, to US6 cents per minute.
Fee increases make travel firms worried to death
The Ministry of Finance’s decision to raise the fees and charges on travelers has made travel firms worried stiff. They fear that the higher fees would keep travelers away.
Taxes and fees raise violent controversy in 2012
While the government weighed and measured out every dong of the bailouts to businesses, ministries tried everything they could to impose higher charges and fees on enterprises, which were nearly at the point of death.
Road use fee collection begins despite protests
VietNamNet Bridge – Despite strong opposition of vehicle owners and potential bottlenecks in fee collection, the Ministry of Transport is still going ahead with its road use fee collection scheme, saying that these problems will fixed later.
Charging fees for online news is a must for publishers to survive
It’s now not the time to discuss whether to charge fees for online news or not, because the answer is obvious: newswires will have to collect fees, if they want to exist and develop.
Free applications’ expansion threatens phone network operators
If Vietnamese mobile network operators still keep following the old way, they would lose the market shares into the hands of free phone call apps.
