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Innovation to be the new engine of Vietnam's growth
04-11-2021 15:04
Promoting technology absorption and diffusion, and enhancing human capital will be key to driving sustained economic growth in Vietnam, according to two new reports launched today by Vietnam’s Ministry of Science and Technology, the Australian government, and the World Bank.
Retail arm withdrawal plans hit road blocks for Citigroup
03-11-2021 16:24
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.
Linking up relevant policies for the digitalised economy
03-11-2021 15:53
Alongside the growth of Industry 4.0 in the country, Vietnam is attempting to boost digitalisation across many sectors of its economy. Andrew Jeffries, country director for Vietnam at the Asian Development Bank, writes about the potential of a digital economy in the long term, with the need to support micro, small, and medium-sized enterprises in pursuing digitalisation.
Partners pledge $665 million to support green recovery in ASEAN
03-11-2021 06:00
Four partners have collectively pledged $665 million towards a platform managed by the Asian Development Bank (ADB) that aims to mobilise an additional $7 billion for low-carbon and climate-resilient infrastructure projects in Southeast Asia and accelerate the region’s green recovery from the COVID-19 pandemic.
Taiwanese financial behemoth Cathay United Bank supports foreign investment in Vietnam
02-11-2021 16:00
Taiwanese investors are leveraging their networks and stepping up interest in Vietnam's stock market as well as in technology and insurance. Benny Miao, executive vice president of Cathay United Bank Taiwan, sheds light on Taiwan's continuing presence in Vietnam and the bank’s strategies to cement its position.
BAC A BANK launches programme on attracting customers
01-11-2021 18:40
BAC A BANK has launched a programme with unlimited incentives for its customers who introduce their relatives and friends to the bank and obtain new loans from the lender.
Standard Chartered’s exclusive conversation with PM on role of private sector
01-11-2021 11:00
Standard Chartered Bank, the Ministry of Planning and Investment, and the Embassy of Vietnam in the UK co-organised the conference “In conversation at COP26 with the Prime Minister of Vietnam: Securing a prosperous and sustainable future through private investment” in Glasgow, on the side-lines of the UN Conference of the Parties.
SCB receives 2020 STP Award from Bank of New York Mellon
31-10-2021 10:03
Saigon Joint Stock Commercial Bank (SCB) was honoured by The Bank of New York Mellon (BNY Mellon) with the prestigious Straight-through Processing (STP) Award for the third consecutive year.
VBSP performs stably and efficiently amid pandemic
30-10-2021 23:42
Units in the system of Vietnam Bank of Social Policies (VBSP) have been effectively handling all assigned tasks, effectively serving pandemic recovery efforts.
Considering the implications of fiscal reformations
30-10-2021 23:40
To cope with the ongoing pandemic, the central banks of many nations have significantly expanded their balance sheets by using non-traditional monetary policies by increasing money for purchasing government bonds and even corporate bonds. Meanwhile, the People’s Bank of China (PBoC) has limited balance sheet expansion but used an effective monetary policy for the Chinese economy.
Extending public debt limit to navigate full recovery
30-10-2021 14:25
In addition to the efforts in fighting against coronavirus, governments and their central-run banks have provided numerous policies to help people and businesses.
VPBank completes sale in FE Credit to SMBC Group of Japan
29-10-2021 11:00
VPBank announced the completion of a 49 per cent stake sale of its consumer finance arm FE Credit by SMBC Consumer Finance Co., Ltd. (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group Inc. (SMBC Group).
Reimagining the customer experience in digital banking
29-10-2021 10:32
Vietnam’s digital banking scene has experienced significant changes in recent years, with banks and fintech innovators launching an impressive array of digital tools ranging from mobile payments solutions and wealth management platforms to e-commerce systems. Some of these digital propositions have scaled rapidly, making Vietnam one of Asia-Pacific’s fastest growing markets for digital banking.
Debt trading interest creates call for new framework
29-10-2021 08:00
New legislation is needed to secure the future of debt trading – and with prudent tweaks to the current regime, Vietnam could open up the market for retail trading on its newest platform, bringing together banks and investors.
Co-financing deals shore up belief in deep-rooted growth
28-10-2021 11:00
Recent loan and credit agreements among Vietnamese banks and international financial organisations are reinforcing faith in promoting long-term growth prospects in Vietnam through renowned banks.
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