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Current Status of FDI in Vietnam's Service Sector

Infrastructure for service industry development is still weak such as underdeveloped transportation system, inappropriate quality and cost of using communication, water supply system facing many difficulties, entertainment system, school system not meeting peoples needs. 2. Current status of FDI in ...

Domestic and International Payment Services

The regulatory body, in terms of credit currency, is the Bank of Banks, while commercial banks specialize in currency trading. Money creation ability is the ability to turn the initial deposit at the first deposit-receiving bank into a much larger amount of money, through the implementation of ...

Definition of Payment Service by Letter of Credit

- Place of opening L/C . This is where the bank opening L/C makes a commitment to pay money to the exporter. This place is important in the matter of choosing the applicable law, whenever a dispute arises between the parties related to the letter of credit. Normally, if the letter of credit does ...

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