March 24, 2022 | 14:05
The Russia-Ukraine conflict has caused chaos on all transactions with Russian contracting parties, mainly because of unprecedented comprehensive sanctions by other countries and blocs. Nguyen Trung Nam, founder and senior partner at law firm EPLegal, analyses the impact of these sanctions on ongoing international trading contracts between Vietnamese enterprises and their overseas business partners.
March 24, 2022 | 14:00
Manufacturers that export goods to Russia will be required to look for alternative payment methods while the country remains blocked off from the SWIFT payment gateway.
March 09, 2022 | 08:00
Numerous countries and businesses are limiting their financial relations with Russia, with its exclusion from the SWIFT international payment system triggering concerns about cross-border financial security which may adversely leave a scar on Vietnam’s banking sector.
April 06, 2021 | 11:33
SWIFT is a vast messaging network used by banks and financial institutions to quickly and securely send and receive information, such as money transfer.