Despite the collection of inside-network ATM (automated teller machine) transaction fees being applicable from last Friday, only 12 of 47 banks charge ATM card users, with 10 banks applying the maximum rate of VND1,000 for each transaction. Bui Quang Tien, head of Payment Department under the State Bank of Vietnam, told the Daily that the banks have passed their specific fee lists to the central bank.... 

Financial industry players are pondering the impact of  Vietnamese banks’ recent move to charge fees on ATM transactions. Under a State Bank recent circular, from March 1, 2013 banks will be allowed to charge ATM users for on-us transactions, or those made on machines of the same banks. Vietcombank possesses an expansive network of 1,800 ATMs. Each day, the bank needs to feed over VND1 billion... 

As the demand for cars shot up at Tet, several firms recorded a dramatic increase in sales volume, leading to strong growth for the auto market in January. Despite economic woes and the fear that consumers might suspend their car purchase plans to wait for registration fee cuts, car consumption in the first month of the year was high compared to the same period last year. Auto dealers and manufacturers... 

After the central bank has allowed collection of on-us ATM (automated teller machine) transaction fees starting in March, local banks are considering various collection schemes with some saying to charge lower than the maximum rate of VND1,000 per transaction while others saying ‘no’ to this fee to keep customers. Duong Ngoc Minh, acting director of the card center of DongA Bank, said that this... 

Auto manufacturers and dealers are concerned that their sales might go down since a possible car registration fee reduction could lead consumers to suspend their purchase plans. The Government is working on the draft of a resolution thrashing out measures designed to help the corporate sector the difficulties for production and business activities, including lowering the automobile registration fee. If... 

Commercial banks have been making fat profits from ATM services, but they have decided to collect fees from inner-network transactions as well. Banks have finally obtained the thing they want – the permission from the State Bank to collect fees on very transaction on auto telling machines (ATMs). A circular has been issued by the central bank stipulates that from March 1, 2013, banks would be... 

The Ministry of Finance (MOF) has suggested to reducing the car ownership registration tax and delay the plan to collect the kind of fee aimed in restricting private vehicles in circulation. The news has raised the hope that the car market would warm up early the next year. Suggestions believed to help warm up market The suggestions have made to the government as a part of the plan to help enterprises... 

While the Government’s draft resolution implies automobile registration fee reductions would start next year to support consumers and enterprises, there are concerns the fee will remain high and cause little positive impact on the gloomy auto market. According to this draft resolution, the proposed personal car ownership restriction fee will not be put into practice. The registration fee for... 

Property firms may be relieved of the pressure of land use fee in the coming time as relevant ministries have promised to remedy the inadequacies in this issue. This was one of the most discussed issues at a seminar aimed to seek solutions for the problems in the HCMC property market held by the HCMC Real Estate Association (HoREA) in the city last Saturday. Under the calculation method given in Decree... 

While commercial banks have been insisting on charging fees on the clients’ ATM transactions to cover the investment capital and operation expenses, analysts have pointed out that even if banks do not collect fees, they still can make fat profits with ATMs. The reports by the State Bank of Vietnam and the Vietnam Card Association released recently showed that by the end of June 2012, Vietnam had...