prosecution begins for vnd300 billion fraud at hsbc and anz

Prosecution begins for VND300 billion fraud at HSBC and ANZ

HSBC and ANZ have named 13 companies of being involved in a series of frauds costing the banks VND300 billion ($13 million), leading to the prosecution of dozens of defendants and eight companies. While no wrong-doings have been identified on the part of the staff of the two banks, the court issued further investigation.
expats vote vietnam among best countries to live and work

Expats vote Vietnam among best countries to live and work

Expats working in Vietnam are currently enjoying over $90,000 in average annual income, with the country scoring in the 19th place for best countries to live and work and the first place when it comes to saving more and having more disposable income.
vietnamese businesses upbeat about trade

Vietnamese businesses upbeat about trade

Vietnamese enterprises are among the world’s most optimistic about international trade prospects and most confident when it comes to succeeding in the current environment, according to an HSBC report.
asean firms bullish on outlook amid trade tension risk

ASEAN firms bullish on outlook amid trade tension risk

ASEAN firms are mostly bullish on trade outlook in the world, with many pivoting investment into supply chain technology to turn global trade tensions from a headwind into a tailwind, according to a global HSBC report.
hsbc local businesses cash in on international trade

HSBC: Local businesses cash in on international trade

Vietnamese businesses are among the world’s most optimistic about international trade pacts and prospects and they are also among the most confident when it comes to succeeding in the current environment, according to HSBC’s latest report.
green banking aims push forward

Green banking aims push forward

In response to climate change, and to rigorously fulfil its role in promoting the nation’s economic development goals through credit lending activities, the local banking sector is required to take up green and sustainable banking practices in a more serious manner.
fdi gives wings to the banking sector

FDI gives wings to the banking sector

Growing along with the local economy for the past 30 years, foreign direct investment inflows have played a part in shaping the local economy, particularly the finance and banking sector. HSBC Vietnam CEO Pham Hong Hai writes about how foreign investment helped Vietnam go where it is now.
vietnam among top 3 regional destinations for singapore companies hsbc study

Vietnam among top 3 regional destinations for Singapore companies: HSBC study

Vietnam is among the top three investment destinations in Southeast Asia for Singapore-based companies in the next two years, according to the latest HSBC study.
vietnam to weather the trade storm

Vietnam to weather the trade storm

Vietnam has witnessed a condensed fluctuation in its exchange rate over the past few weeks as a result of the strengthened greenback, but the ongoing trade tension between the US and China does not look likely to harm the country’s economy - in fact, signs show the opposite.
ex hsbc executive jailed 105 years for cheating mostly elderly victims of s 52m

Ex-HSBC executive jailed 10.5 years for cheating mostly elderly victims of S$5.2m

SINGAPORE: A former senior vice-president of HSBC Bank was sentenced to 10-and-a-half years' jail on Friday (Jun 29) for cheating five female victims, who are her relatives and their friends, out of S$5.2 million over a period of 12 years.
asia pacific advances trade liberalisation as us swims against current

Asia-Pacific advances trade liberalisation as US swims against current

Market-opening international trade policy reform tends to yield positive results. When trade flows increase, nations on both ends tend to benefit. At the enterprise level, in a trade transaction both parties usually perceive a benefit, otherwise the transaction would not take place.
volatility returns to foreign exchange rates

Volatility returns to foreign exchange rates

On May 29 the State Bank of Vietnam adjusted the đồng-US dollar exchange rate, weakening the Vietnamese currency by VND9 to VND22,605 per dollar, which represented the greenback’s biggest rise so far this year.
firms must know global trade policy

Firms must know global trade policy

Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale, and showing lack of awareness when it comes to the broader global trade policy environment, according to an HSBC report.
hsbc ing banks announce blockchain first

HSBC, ING banks announce blockchain first

Banking giants HSBC and ING on Monday said they had carried out a landmark  blockchain transaction aimed at speeding up payment processes and making them more secure.
ppp infrastructure investment should be promoted official

PPP infrastructure investment should be promoted: official

Encouraging investment in infrastructure in the form of public-private-partnership (PPP) is necessary to tap into domestic and foreign capital sources and technology, said Deputy Minister of Planning and Investment Vu Dai Thang.