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Vietnam targets 10 billionaires and top Asian business leaders by 2030
10-05-2024 19:21
Vietnam has set ambitious targets to have at least 10 billionaires and five of Asia’s most influential entrepreneurs by 2030, according to a newly issued resolution by the Vietnamese government.
VIB honoured at digital transformation conference
10-05-2024 16:35
Vietnam International Bank (VIB) participated in an event on digital transformation in the banking sector hosted by the State Bank of Vietnam (SBV) at the National Convention Centre on May 8.
Nui Phao Mining spreads sustainable values to the community
10-05-2024 11:26
Hundreds of families have seen positive changes to their lives thanks to a recovery fund established by Nui Phao Mining through Dai Tu Branch of Vietnam Bank for Social Policies in Thai Nguyen province.
Banks prepare for strategic partnerships
10-05-2024 11:03
Several Vietnamese banks are strategically positioning themselves to raise capital and court potential investors to expand their market reach.
Thailand faces credit card default risks
10-05-2024 10:54
The risk of default on credit card loans rose significantly in the first quarter this year in Thailand, driven by the Bank of Thailand (BoT)'s mandate for a higher minimum payment rate.
Singapore urges better stem cell bank supervision
10-05-2024 10:46
Singapore has asked Cordlife, one of Asia's largest stem cell bank providers, to tighten supervision of its processes after improper handling ruined thousands of samples, an official has said.
Weak bank reform to facilitate expansion activities
10-05-2024 08:00
A number of domestic banks are planning to restructure distressed zero-VND banks, but experts warn that the process is fraught with significant risks, such as rising non-performing loans and unresolved debts.
Vietnam well-placed to benefit from shifting FDI
09-05-2024 16:00
Amidst evolving supply chain dynamics and intense investing competition, Vietnam continues to emerge as a key player in the Southeast Asian arena. Talking to VIR’s Luu Huong, head of Wholesale Banking at HSBC Vietnam Ahmed Yeganeh shed light on strategies for Vietnam to enhance its appeal for high-calibre foreign investments and bolster labour productivity.
ACV secures $1.8 billion in syndicated loans for Long Thanh Airport, ensuring on-schedule completion by 2026
09-05-2024 14:27
Airports Corporation of Vietnam (ACV) has secured a $1.8 billion loan from three state-owned banks over a 20-year term to finance the construction of Long Thanh International Airport.
State Bank announces 4th gold bar auction to stabilise prices
08-05-2024 10:23
The State Bank of Vietnam (SBV) on May 7 announced a morning auction for a total of 16,800 taels of gold in Hanoi on May 8.
Gold at historic peak, auctions receive lukewarm reception
06-05-2024 09:22
Gold prices reached a historic peak last week after consecutive auction sessions held by the State Bank of Vietnam (SBV) were met with lukewarm enthusiasm.
Key driver gains a must for growth
05-05-2024 14:18
Only slight order number improvements and enterprise confidence sentiment mean it may be difficult for the country to hit its desired growth goals this year.
Exchange rate pressures could affect interest rates
03-05-2024 19:19
The VND/USD exchange rate has increased by 4.9 per cent since the beginning of the year, compared to an increase of 2.6 per cent for the whole of 2023. This exchange rate pressure is expected to lead to an increase in interest rates, according to the State Bank of Vietnam (SBV).
New independent director hopes to 'add value' to Techcombank
03-05-2024 18:14
World-class banking veteran Eugene Keith Galbraith hopes to add value by drawing on his vast experience in Indonesia to help Techcombank achieve its vision of becoming a top bank in the region and the partner of choice for customers.
Vietnam's swiftly aging population prompts strategic government initiatives
03-05-2024 11:00
The Asian Development Bank (ADB) disclosed on May 2 that developing nations in the Asia-Pacific region, including Vietnam, are inadequately prepared to secure the welfare of their swiftly ageing populations.
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