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2012–2013: Zalo, a mobile application for instant messaging and calls, reached 10 million users in 1.5 years. 2014 : VNG was evaluated at 1 billion US dollars by World Startup Report and become the first and only unicorn startup in Vietnam.
Correspondent account. A correspondent account is an account (often called a nostro or vostro account) established by a banking institution to receive deposits from, make payments on behalf of, or handle other financial transactions for another financial institution. Correspondent accounts are established through bilateral agreements between ...
Hieu Minh Ngo. Ngo Minh Hieu (also known as Hieu PC; born October 8, 1989) is a Vietnamese cyber security specialist and a former hacker and identity thief. He was convicted in the United States of stealing millions of people's personally identifiable information and in 2015 he was sentenced to 13 years in U.S. federal prison. [2]
accounts. Nostro and vostro (from Italian, nostro and vostro; English, 'ours' and 'yours') are accounting terms used to distinguish an account held for another entity from an account another entity holds. The entities in question are usually banks . The terms nostro and vostro are used, mainly by banks, when one bank keeps money at another bank ...
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The concept of " two sets of books " refers to the practice of keeping two sets of accounting ledgers ("books"). In colloquial terms, this practice may refer to fraudulent behavior, i.e. attempting to hide or disguise financial transactions from outsiders by having a falsified set of records for official use and another for internal recordkeeping.
Account manager. An account manager ( AM) is a person who works for a company and is responsible for the management of sales and relationships with particular customers. An account manager maintains the company's existing relationships with a client or group of clients, so that they will continue using the company for business.
The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. An IBAN uniquely identifies the account of a customer at a financial institution.
In the United States, a negotiable order of withdrawal account (NOW account) is an interest-paying deposit account on which an unlimited number of checks may be written. [1] A negotiable order of withdrawal is essentially identical to a check drawn on a demand deposit account , but US banking regulations define the terms "demand deposit account ...
Open-book accounting ( OBA) is a business practice which opens up an organisation's accounts to some or all of those with an interest in the organisation, including its employees and its shareholders (including those whose shareholding is managed indirectly, for example through a mutual fund) and supply chain. [1] This effectively means all ...