Speaking at a meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi, Binh said that the Government of Vietnam is committed to always accompanying businesses, creating the most favourable conditions for enterprises to expand their investment in international financial centres in Vietnam as well as invest in other ecosystems that they are interested in.
VNDirect estimated that the total value of privately placed corporate bonds maturing in 2025 will reach about 203 trillion VND (8 billion USD), reflecting an 8.5% increase from the previous year.
According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.
Thailand is set to implement a new law this month, aimed at curbing online fraud by holding telecom firms and financial institutions more accountable for victims' losses.
Transactions with a value of 400 million VND ($16,520)or more must be reported to the State Bank of Vietnam (SBV) from December 1, 2023, according to a new regulation.
The Da Nang-Seoul Start-up Innovation Centre officially debuted in the central city’s Vietnam Innovation Hub, promoting start-up projects of the city worldwide through training by the Korean Global Startup Immigration Centre and DCAMP – the largest start-up hub in the Republic of Korea backed by financial institutions.
HSBC Vietnam and other financial institutions have agreed to provide a syndicated loan worth 700 million USD, with a greenshoe option of 300 million USD, for the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).
HDBank has increased its working capital by 71 million USD through a syndicated loan from a consortium of eight leading Taiwanese banks and an Indian bank arranged by Mega International Commercial Bank.
The People’s Committee of Ho Chi Minh City has asked for the Government’s support of its scheme to make the city a regional and international financial hub.
Thailand’s Kasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on April 9 after the Bank of Thailand (BoT) lowered the required contribution by banks to the Financial Institutions Development Fund (FIDF).
Thai Prime Minister Prayut Chan-o-cha on March 25 said that Thailand will be under an emergency decree from March 26 until the end of April to deal with the COVID-19 outbreak.
Singapore's central bank has asked domestic financial institutions to take additional measures and precautions after the Government raised the alert level on the coronavirus outbreak.
The State Bank of Vietnam (SBV) aims to again curb the inflation below 4 percent and sustain the monetary market this year, SBV Governor Le Minh Hung told a teleconference of the banking sector in Hanoi on January 2.
All licensed financial institutions must comply with a new set of requirements by next year to raise cyber security standards and strengthen cyber resilience of the sector, the Monetary Authority of Singapore (MAS) said on August 6.
Vietnamese companies are depending too much on bank loans, and when the number of companies increases, it will reduce their chance of receiving financing from financial institutions.
Financial institutions and research organisations at home and abroad have shown their optimism about Vietnam’s economic growth in the second half of 2018 and the whole year.
