enterprises put up higher walls against corporate financial crime

Enterprises put up higher walls against corporate financial crime

Local organisations are advised to adopt measures to combat financial crime, which tends to climb in Vietnam.
vietnams road to new market status

Vietnam’s road to new market status

Chris Woods, managing director of Governance, Risk and Compliance at global indexing group FTSE Russell, which is part of the London Stock Exchange Group, spoke with VIR’s Trang Nguyen about the company’s response to dubious mistakes in the recent FTSE Vietnam Index Series Quarterly Review and the requirements that Vietnam must satisfy for FTSE to upgrade the country to a Secondary Emerging Market.
citi supports vietnam airlines expansion

Citi supports Vietnam Airlines’ expansion

Citi has lately inked an aircraft financing loan with Vietnam Airlines, allowing the latter to purchase two Airbus A321s from Airbus SAS (Airbus), in a bid to expand the airline’s fleet and operation.
bad debts success not enough

Bad debts success not enough

Despite bad debts dropping well below the 3 per-cent threshold, local banks are still struggling with debt recovery.
vietnamese students win full scholarship to new zealand

Vietnamese students win full scholarship to New Zealand

A group of cream-of-the-crop Vietnamese students have received the 2016 New Zealand ASEAN Scholarship to start off their post graduate studies in New Zealand this month, courtesy of the government of New Zealand.
vinasiam breakdown brings prospects for thai banks

Vinasiam breakdown brings prospects for Thai banks

Upon request of Vinasiam Bank (VSB), the State Bank of Vietnam (SBV)’s Governor issued Decision No. 2653/QD-NHNN on December, 30, 2015, to revoke the bank’s  licence. 
sbv to kick off 2016 with strong anti dollarisation policies

SBV to kick-off 2016 with strong anti-dollarisation policies

The central bank will likely adopt a flexible daily reference rate, instead of issuing fixed trading bands in 2016, and possibly imposing fees on dollar-denominated savings in a bid to reduce dollarisation.
visa strives to promote credit card service

Visa strives to promote credit card service

Speculation on high surcharges associated with credit card use has constrained credit card growth in Vietnam. Sean Preston, chief representative and country manager for Vietnam, Cambodia and Laos, of Visa International (Asia Pacific) LLC – a subsidiary of the US-based Visa Inc., talks to VIR’s Trang Nguyen on the issue and his high hopes for credit card growth in Vietnam in 2016.
iib wraps up its 104th council meeting in vietnam

IIB wraps up its 104th Council Meeting in Vietnam

International Investment Bank has successfully held its 104th meeting in Hanoi and marked its return as an international development bank through drastic institutional reform, aiming at a total new level of development.
prime minister key unlocks bilateral business links

Prime Minister Key unlocks bilateral business links

As Vietnam and New Zealand are celebrating their 40th anniversary of diplomatic ties, and with both countries joining the Trans-Pacific Partnership (TPP), last week’s visit by New Zealand’s Prime Minister John Key took on a special significance. He spoke to VIR’s Trang Nguyen about his expectations for the visit and the prospect of increasing trade and investment between the two nations.
new zealand will bolster trade ties

New Zealand will bolster trade ties

A series of co-operation agreements aimed at boosting bilateral trade between New Zealand and Vietnam were signed by New Zealand Prime Minister John Key and his delegates during their reciprocal visit to Hanoi last week.
roadmap built to curb carbon emissions

Roadmap built to curb carbon emissions

Vietnam is working on a national action plan on sustainable consumption and production, as well as a roadmap for eco-innovation to promote the sustainable development of the country and local enterprises towards 2020.
vietnam among top three performers in asia

Vietnam among top three performers in Asia

In the midst of the Asian trade recession Vietnam has stood out as one of the three strongest and most resilient economies in the region, shoulder to shoulder with India and the Philippines, according to Glenn Maguire, ANZ chief economist for South Asia, ASEAN and the Pacific.
investors cautious over bank shares

Investors cautious over bank shares

Though local state-owned enterprises wishes to sell stakes in banks to which they contributes capital, no foreign investors want to buy such stakes unless the foreign ownership limit at banks is lifted.
seeking solutions to sluggish pace of soe reforms

Seeking solutions to sluggish pace of SOE reforms

Takashi Sakakibara, special advisor of the chief representative of Japan International Co-operation Agency (JICA), spoke with VIR’s Trang Nguyen about the sluggish pace of state-owned enterprise  (SOE) reform in Vietnam, with suggestions to speed up the process and draw in the participation of strategic investors.