“Vietnam and Iraq News”Posted by KTFA Members 6-19-2024
KTFA:
Henig: Interesting, IMO.
Vietnam transitions to a cashless society
Monday, June 17, 2024 | 19:47:30
(VOVWORLD) - Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.
A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.
Meanwhile, Visa’s Asia Pacific Small and Medium-sized Business (SMB) Research 2023 further indicates that over 40% of SMBs in Vietnam now accept card payments, acknowledging their critical role in business operations. LINK
Henig: Vietnam has golden opportunities to develop silver economy: expert
Source: Xinhua Editor: huaxia
2024-06-17 22:44:15
HANOI, June 17 (Xinhua) -- The aging population and unique characteristics of the elderly group in Vietnam pose many economic and social challenges, but there are also golden opportunities for the country to develop a silver economy, Vietnam News Agency reported Monday, citing Doan Van Binh, vice president of the Vietnam Real Estate Association.
He said the rise of the silver economy reflected a societal re-evaluation of the elderly, which no longer views them as an economic burden, but recognizes their contribution to society and their consumption potential.
Based on Vietnam's actual conditions and the experience of some countries, Vietnam should immediately begin researching, creating a vision, building policies and laws, and setting up specific strategies and action plans to activate and develop the silver economy, he said.
The older generation in Vietnam currently accounts for 8.3 percent of the total population, or 8.16 million, according to the country's Ministry of Labour, Invalids and Social Affairs.
It is forecast that the number will increase to 16.8 million by 2039 and 25.2 million by 2069. LINK
************
Clare: IBBC Webinar: Drivers of the Iraqi Dinar Exchange Rate
19th June 2024 By John Lee.
On a webinar organised by the Iraq Britain Business Council (IBBC) on Tuesday, Professor Frank Gunter of Lehigh University and Dr Ahmed Tabaqchali of AFC Iraq Fund (and Expert Blogger on Iraq Business News) discussed the drivers of the Iraqi dinar exchange rate.
The event marks the official launch of the IBBC's new white paper on de-dollarisation of Iraqi economy, which can be downloaded here. LINK
To view this interesting discussion please see the video below:
Clare: Integrity: The arrest of a government employee who seized 131 million dinars
6/19/2024
The Federal Integrity Commission reported that an operation was carried out during the arrest of an employee at a government bank in Maysan Governorate who seized an amount of 131 million dinars from one of the bank’s customers.
An integrity statement, a copy of which was received by {Al-Furat News}, stated that “the Commission’s Maysan Investigation Office formed a working team from its staff, explaining that the team that moved to the Agricultural Cooperative Bank / Maysan branch was able to execute the arrest warrant against one of the employees, because he was involved with other employees.” In the bank, they seized more than 131 million dinars from a customer’s account in the bank.
The office added that the process of withdrawing the amount from the customer’s current account at the bank took place without his knowledge, after forging his signatures and seizing his money deposited for the accused’s account, in conjunction with other employees.
He pointed out that the operation was carried out in accordance with the provisions of Article (316) of the Penal Code, noting that a proper arrest report was prepared for the operation, and that he was presented with the accused to the judge of the investigative court specialized in looking into integrity cases in Maysan. To issue the appropriate decision. LINK