Telecommunications firms are turning towards developing their own digital content, the Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications has said.
An international conference on advanced technologies for communications (ATC 2019) was opened in Hanoi on October 17, providing a platform for Vietnamese and foreign scientists to share information on relevant fields.
Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.
Southeast Asia, especially Vietnam, can expect to see more supply chains coming its way if it improves production technology and capacity, as well as regional cooperation, HSBC officials have said.
The reference exchange rate and exchange rates of commercial banks have increased continuously in recent days, with the reference exchange rate making its record high on May 8 at 23,046 VND. However, economists said that there is nothing to worry about this situation.
Capital limitations hinder banks from meeting regulations on capital adequacy ratio (CAR) and performing their business due to a series of other regulations.
Experts have predicted that the State Bank of Vietnam (SBV) will hike the VND/USD exchange rate by 1.5-2 percent in 2019 to stabilise the macro-economy and facilitate exports.
Vietnam is at the top of the list of markets that could benefit from trade diversion coming from US-China trade tensions, building on its increasing competitiveness in manufacturing, according to Pham Hong Hai, CEO of HSBC Vietnam.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into force in Vietnam on January 14, will support free trade amid ongoing global trade tensions, according to HSBC Vietnam.
The State Bank of Vietnam (SBV)’s Operations Centre has decided to adjust the reference exchange rate of the VND against the USD for the first time since February 2018.
Vietnam is among the few ASEAN member countries to consistently improve its attractiveness to foreign investors due to its growing economy and improving business climate, according to experts.
Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
VinFast Trading and Production Limited Liability Company (VinFast) has entered into a 950 million USD financing agreement guaranteed by Euler Hermes and the German Export Credit Agency (ECA) to support the country’s first automotive and motorcycle manufacturing complex, Vinfast announced in its press release.
Prime Minister Nguyen Xuan Phuc has reprimanded Deputy Minister of Information and Communications Pham Hong Hai as a disciplinary measure for his violations in the case regarding MobiFone’s purchase of 95 percent of the shares of AVG Audiovisual JSC.
Experts forecast that the Vietnamese economy will grow by more than 6.8 percent in the last half of this year at the Forbes Vietnam Business Forum 2018 held in Ho Chi Minh City on July 26.
Vietnam now has more than 13 million 4G users after over a year of the service's deployment, accounting for about 30 percent of the total number of mobile phone subscribers.
The Inspection Commission of the Party Central Committee on June 30 announced the outcomes of its 27th session, including conclusions on wrongdoings at a number of Party organisations.
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