Experts explored the root causes behind both the successes and failures of Vietnam’s bank restructuring efforts, while proposing practical measures to enhance their effectiveness going forward at a seminar in Ho Chi Minh City on April 11.
Vietnam has the foundation and potential to successfully build an international financial center, according to Associate Professor Nguyen Dang Bang, a finance expert at the University of Cambridge’s Judge Business School.
Ho Chi Minh City’s office market has achieved rapid growth fuelled by steady demand and burgeoning supply, reinforcing the city’s status as a premier destination for both local and international corporations seeking strategic growth opportunities in Southeast Asia, according to real estate consulting firm Knight Frank.
With a foundation in sustainable development, the Bac A Joint Stock Company (Bac A Bank) has significantly contributed to the country’s economic growth.
Thailand’s Finance Ministry has highlighted five strategies to promote saving habits among Thais, which will help prepare the population to enter retirement with more stable finances, a move deemed necessary as the country is becoming an aged society.
A seminar has been held in the US to connect businesses of Vietnam and the US, as well as seek cooperation opportunities in the fields of energy, manufacturing, insurance and finance.
Vietnamese Consul General in Hong Kong and Macau Le Duc Hanh and Chief Executive of Hong Kong Special Administrative Region (China) John Lee have recognised the vast potential for cooperation between the two sides, particularly in green finance, innovation, science-technology, human resource training, healthcare, and high-quality labour exchange.
Thailand’s Public Debt Management Office (PDMO) is set to issue 20 billion THB (540 million USD) in sustainable bonds to institutional investors this year.
Malaysia and China signed a slew of deals on June 19 renewing a five-year economic co-operation pact and allowing export of fresh durians, during a visit by Chinese Premier Li Qiang to mark 50 years of diplomatic ties, according to Reuters.
A delegation from the Finance Ministry led by Minister Ho Duc Phoc on March 11 had a working session with Japanese Finance Minister Shunichi Suzuki and representatives from Japanese partners to promote bilateral financial cooperation.
There remains huge room for Vietnam and Hong Kong (China) to cooperate in financial services, which can create capital flows for investment and trade activities in Asia and the world, participants heard at an event held in Ho Chi Minh City on December 13.
The ASEAN Taxonomy Board (ATB), representing ASEAN finance sectoral bodies, has announced the completion of targeted stakeholder consultation for Version 2 of the ASEAN Taxonomy for Sustainable Finance (ASEAN Taxonomy).
There remains room for Vietnam and Hong Kong (China) to cooperate in a range of fields from trade and investment to services, finance and logistics, heard the Vietnam-Hong Kong Business & Investment Matching held in Ho Chi Minh City on November 20.
Chairman of the National Assembly Vuong Dinh Hue on November 19 attended a ceremony to celebrate the 60th anniversary of the Vietnam Academy of Finance and handed the Labour Order, first class, to the institution.
Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong on November 8 expressed his wish that the Japan Bank for International Cooperation (JBIC) will support the southern largest economic hub in providing finance for Japanese and Vietnamese businesses to roll out projects aiming to promote green growth and circular economy, towards net zero emissions.
The Asian Development Bank (ADB) said on October 5 that it has approved a 300 million USD policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services.
Finance and healthcare are the top two sectors experiencing cyber attacks in Malaysia this year despite growing resilience and awareness among financial institutions, said Kaspersky Southeast Asia general manager Yeo Siang Tiong.
Minister of Finance Ho Duc Phoc highly evaluated financial cooperation between Vietnam and the US as he received US Secretary of the Treasury Janet Yellen in Hanoi on July 21.
The Singapore-based United Overseas Bank (UOB) anticipates the State Bank of Vietnam (SBV) will cut its refinance rate in the second quarter this year by 100 basis points to 5.00%.
