MONEY AND FINANCE

Entering university is a major milestone in every student’s life, with many new experiences such as studying, living independently, and managing expenses. Budgeting for this stage can be challenging, especially for students who are having to financially support themselves for tuition, accommodation, books, etc. for the first time. Higher education and costs to consider Higher […]

1. What is tax? Tax is the amount of money that citizens and businesses must pay to the state to contribute to the national budget. This amount is used to pay for public activities such as education, health care, transportation, security, and other essential services. All citizens and businesses are obliged to participate in paying […]

When you need to borrow money from a bank or credit institution in Vietnam, your credit report will be an important factor in helping these institutions assess your financial ability. The Credit Information Center (CIC) stores and provides information about your credit history to banks, helping them decide whether to lend you money or not. […]

When you apply for credit at banks or financial institutions in Vietnam, they will assess your credit risk through a credit score. The Credit Information Center (CIC) in Vietnam stores your credit information, including payment history, debt amount, and number of credit accounts opened. This information helps financial institutions determine your ability to repay debts. […]

Credit cards offer convenience and security in payment transactions, and can help you earn rewards from spending. However, if not managed carefully, credit cards can lead to unwanted consequences such as low credit scores or hidden fees. 1. Fees to note when using a credit card Annual fee: This is the fee to be paid […]

Here are some tips to help you deal with debt, reduce interest and manage your personal finances effectively: 1. Evaluate and categorize your debts Identify your debts: Start by listing all your debts (credit cards, consumer loans, home loans, student loans, etc.). Categorize your debts by interest rate and payment period. Prioritize paying off high-interest […]

Outstanding debt is a financial problem that will become increasingly serious if not handled promptly. However, there are many ways to get out of overdue debt and improve your financial situation. 1. Credit counseling If you are having difficulty dealing with debt, financial counseling organizations in Vietnam can help you manage and resolve debt through […]

There are many different types of debt in life, and not all debt is the same. Some debt can be smart investments, such as student loans or home equity loans. These debts can yield greater financial returns in the future. However, non-investment debt, such as consumer loans and credit card debt, is often a financial […]

Living within your means may sound simple, but many people still spend more than they have, leading to debt. This is a completely preventable and gradually improveable situation. With a little planning, tracking your spending, and making reasonable adjustments, you can live happily while still living within your means. To build a more stable financial […]

In life, unexpected expenses such as car repairs, medical treatment for a pet, or replacing a broken phone can have a significant impact on your personal budget. These situations are unpredictable and may require you to borrow money or adjust your spending to deal with them. To deal with these financial difficulties, it is extremely […]

Saving is a great way to build a solid financial foundation to help you achieve long-term goals such as buying a house, educating your children, or preparing for retirement. In Vietnam, you can save through bank savings accounts with attractive interest rates, and there are flexible savings methods that help your money grow over time. […]

Saving is not only a good deed, but also an important personal finance strategy, helping you prepare for future goals: from a trip, your child’s tuition, to a secure retirement plan. However, to save effectively, you need to know what you are saving for, how long, and which form of savings is suitable for you. […]