Remittance to Vietnam to reach $18.1 billion in 2021

Remittance to Vietnam to reach $18.1 billion in 2021

Remittance inflows to Vietnam are predicted to reach $18.1 billion in 2021, according to a recent announcement from the World Bank and KNOMAD.
Property sector poised for strong recovery in 2022

Property sector poised for strong recovery in 2022

The strict lockdown has taken the wind out of the sails of the property market in the south but experts predict this sector will rebound swiftly in 2022.
Insurance rules brushed up in draft

Insurance rules brushed up in draft

The urgent demand for capital rise and the amended draft of the Law on Insurance Business threatens to pressure insurance companies to begin strengthening their financial and operational capacity as well as enhance customer expectations.
National Assembly aims to economic recovery plan: 2022 GDP growth of 6-6.5 per cent

National Assembly aims to economic recovery plan: 2022 GDP growth of 6-6.5 per cent

Vietnam's National Assembly set the targets for economic recovery in 2021 and expectations for 2022, including 6-6.5 per cent GDP growth.
Retail arm withdrawal plans hit road blocks for Citigroup

Retail arm withdrawal plans hit road blocks for Citigroup

Despite announcing plans to pull out of the consumer banking business in 13 nations, including Vietnam, earlier this year, US-based financial group Citigroup has been unable to ensure that all of its divestiture plans would yield the desired conclusion with a perfect partner.
Stock market pursues race to lure cash flows

Stock market pursues race to lure cash flows

The near-term outlook of Vietnam’s stock market appears bumpy to some foreign funds, although positive developments are expected as the pandemic slackens, mirroring the recovery of other markets.
Remittances steady as lenders apply fresh transfer services

Remittances steady as lenders apply fresh transfer services

Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping its policy steady for now.
Bamboo Capital Group to acquire 71 per cent stake in AAA Insurance

Bamboo Capital Group to acquire 71 per cent stake in AAA Insurance

Bamboo Capital has just approved the capital contribution in local firm AAA Insurance JSC, which is predicted to be completed in October.
Insurance draft to aid standardisation

Insurance draft to aid standardisation

Amid evolving consumer trends and digital transformation, the Ministry of Finance has issued draft changes to the Law on Insurance Business to bring regulations up to speed with modern times by opening them up to technology while also making it safer by restricting investment by local and foreign insurers.
Insurers hail health and tech awareness

Insurers hail health and tech awareness

Driven by heightened awareness and technology disruption, Vietnam’s life insurance industry is forecast to witness stellar performance – but insurance sales are likely to slow down in the third quarter first.
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