ASEAN Plus Three countries promote inter-bank cooperation Business

ASEAN Plus Three countries promote inter-bank cooperation

Government-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14.
HDBank named best domestic retail bank for second straight year Business

HDBank named best domestic retail bank for second straight year

HDBank has recently obtained the "Best Domestic Retail Bank" award by Asian Banking & Finance magazine, for the second consecutive year, for its impressive performance in the retail segment with modern products and services meeting the diverse needs of millions of local and foreign clients.
Local commercial banks cut interbank transfer fees Business

Local commercial banks cut interbank transfer fees

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than 500,000 VND (21.5 USD) following the move of the National Payment Corporation of Vietnam (NAPAS) to cut switching fees with an aim to promote cashless payments.
Japan, China, RoK enhance banking cooperation with ASEAN World

Japan, China, RoK enhance banking cooperation with ASEAN

Government-backed development banks of Japan, China and the Republic of Korea (RoK) have signed an agreement with public and private financial institutions in Southeast Asia to meet growing demand for infrastructure projects in the fast-growing region.
WEF ASEAN: Asia has strong fundamentals World

WEF ASEAN: Asia has strong fundamentals

Asia has strong fundamentals for long-term growth despite trade tensions, dollar strengthening and demographic challenges casting a shadow on the outlook for strong global growth.
WEF on ASEAN co-chairs share views of forum Business

WEF on ASEAN co-chairs share views of forum

A top executive of Plan International on Sep 12 praised the theme of the ongoing World Economic Forum on ASEAN, saying it resonates well with her organisation’s priority on young female entrepreneurs.
M&As in banking sector encouraged Business

M&As in banking sector encouraged

The Government plans not to license any more wholly foreign-owned banks in Vietnam but encourages foreign banks to buy weak domestic banks, said Deputy Prime Minister Vuong Dinh Hue.
Foreign banks expand operations in Vietnam Business

Foreign banks expand operations in Vietnam

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.