Tag Archive | "are-using"

Oriental Commercial Bank to buy Diebold ATMs

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VNStockNews.com – The Oriental Commercial Bank signed a memorandum of understanding on March 10 with Diebold, one of the world’s leading automatic teller machine (ATM) providers.Under the document, the bank will buy Diebold’s ATMs this year.The bank has no ATMs of its own and its cardholders are using ATMs from the Smartlink network, an alliance of around 20 banks with 2,500 ATMs.OCB plans to

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Oriental Commercial Bank to buy Diebold ATMs

Banks use gold and cash to attract savings

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VNBusinessNews.com – Savings have become scare inspite of the fact that banks are using both cash and gold to boost capital mobilisation.Viet A Commercial Joint Stock Bank (VietA Bank) previously used three kilograms and 3.5 taels of gold to present depositors gaining the special prize of its saving promotion programme, and following three prizes (first, second and this) in 2009 end.

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Banks use gold and cash to attract savings

Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making