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Mainstreaming circular plastic plans
01-07-2022 13:18
The increased use of plastics has accompanied Vietnam’s fast economic growth over the last decade. With growing urbanisation and a rising middle class, the demand for plastics has grown rapidly in consumer packaging, construction, household goods, and automotive industries because of their convenience and versatility. In 2019, the plastic industry contributed about $17.5 billion to Vietnam’s economy, equivalent to 6.7 per cent of the country’s GDP.
Collectius acquires more than $800 million of non-performing loans in Vietnam
30-06-2022 16:40
Collectius, a leading restructuring partner for financial institutions in Asia, acquired its first portfolios in Vietnam since entering the market at the end of last year, securing more than $800 million of non-performing loans (NPL) from a local commercial bank.
Public Bank launches its Mobile banking application in Vietnam
29-06-2022 08:00
On 06 June 2022, Public Bank Vietnam unveiled its latest digital offering – “PB engage VN”, a brand-new mobile banking application complete with comprehensive features, providing customers with optimum user experience and convenience.
Additional oil spike impacts cannot be ruled out
27-06-2022 19:30
The Russia-Ukraine conflict has increased global oil market volatility. The economic impact of another oil price shock, should it materialise, would be significant.
Banking shares plummet to attractive prices
26-06-2022 12:34
The banking industry may have a hard time reaching its 2022 profit growth targets, but share valuations have dropped significantly to attractive prices.
Retailers endeavor to promote sustainable consumption patterns
24-06-2022 14:46
More than 75 per cent of the material value of plastics is squandered when discarded after a single use, reported World Bank's 2021 Southeast Asian research. To promote sustainable consumption preferences, VIR presented a talk show titled Innovative Solutions & Substitutes for Single-use Plastic Towards Green Consumption on June 23 as part of a series of talks with firms from various industries.
Revenue remains a major concern for many commercial banks during digital transformation
23-06-2022 11:51
Digital transformation should be considered an ongoing process for banks, in which competition and cooperation with other partners are top priorities to enhance the customer experience, according to Luu Trung Thai, vice chairman of the board and CEO of Military Commercial Joint Stock Bank (MB Bank).
Shares tumble for a third day, Vinamilk tops market gains
22-06-2022 11:28
Shares tumbled for a third day on Tuesday but the decrease narrowed on rising buying power, focusing on food & drink and banking industries.
WB committed to support Vietnam in implementing Mekong Delta master plan
22-06-2022 10:03
The World Bank (WB), an important development partner of Vietnam, is committed to support the Vietnam in implementing the newly unveiled Mekong Delta Regional Master Plan.
Nam Long strategy on course with brand new cash injection
20-06-2022 10:21
International Finance Corporation, a member of the World Bank, has announced it will pour around $43.4 million into Nam Long Group (HSX:NLG) in the form of bonds, despite the Vietnamese government applying strict management on the bond market.
Vietnam in good stead as Fed takes big action
20-06-2022 08:00
The US Federal Reserve has raised interest rates by 75 basis points, the most aggressive increase since 1994, to combat rising inflation – but in Vietnam, a return to normal monetary policy is perhaps on the horizon for the State Bank of Vietnam.
Credit growth of banking system expands by over 17 per cent
18-06-2022 22:55
Hanoi - Credit of the Vietnamese banking system as of June 9 surged by 17.09 per cent against the same period last year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said.
Vietnam's credit growth expands by over 17 percent
15-06-2022 19:52
Vietnam’s credit growth as of June 9 expanded by 17.09 percent against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.
Payment via bank transfer: compulsory for real estate transaction, ministry proposes
15-06-2022 14:28
The Ministry of Finance has proposed a regulation be brought in to ensure payments for all real estate transactions are carried out via bank transfers.
Making an impact in fintech sector requires knowledge, says leading FCPA
15-06-2022 01:00
The fintech landscape is changing at lightning speed, with transformations impacting everything related to payments, money, and banking, according to Ashish Verma FCPA (Aust.), head of finance, IT, and commodities for the global market player Kirby South East Asia.
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