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Morning Digest
The Saigon Times Daily
Saturday,  Jul 7, 2018,09:04 (GMT+7)

Morning Digest

The Saigon Times Daily

Vehicles move slowly on a street in HCMC. Many traffic projects in the city are on hold due to financial and site clearance woes - PHOTO: LE ANH

Traffic projects put on hold due to financial shortfall

HCMC’s traffic congestion cannot be reduced any time soon as many traffic projects in the city are on hold due to financial and site clearance woes, according to information at a municipal Party Committee meeting that ended yesterday, July 6.

Contactless payments increase in Vietnam

Visa, a world leader in digital payments, has released data highlighting the growth of contactless payments in Vietnam as more and more consumers are now going cashless to make faster payments.

VIISA urges startups to join accelerator training program

Accelerator and seed-stage fund Vietnam Innovative Startup Accelerator (VIISA) is calling for startups to apply for its fourth accelerator training program on the website, starting from July 6. The fund is co-founded by the FPT Ventures, Dragon Capital, and Hanwha Investment and Securities.

Local governments not permitted to directly take out foreign loans

A new decree of the Government bans local governments from borrowing directly from international lenders or providing guarantees for organizations and individuals to borrow and issue bonds.

Thailand remains Vietnam’s biggest auto exporter

Vietnam spent US$54.7 million importing more than 2,900 autos from Thailand last month, accounting for a whopping 87% of total auto imports, local media reported, citing a report by the General Department of Vietnam Customs.

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