Vietnam has long treasured the substantial benefits of free trade, particularly amidst the formidable challenges posed by global trade protectionism which is currently threatening bilateral and multilateral trade deals, Prime Minister Nguyen Xuan Phuc has said.
Vietnam is one of the really special cases worldwide that will be able to take full advantage of all new opportunities in the Fourth Industrial Revolution (4IR), as told by a senior financial expert.
Deputy Prime Minister Vuong Dinh Hue received the Chairman and CEO of the Republic of Korea’s Kookmin (KB) Financial Group, Yoon Jong-kyoo, in Hanoi on September 7.
How to ensure financial sustainability and long-term financial services for the poor at the same time remains a headache for both policy makers and financial service suppliers.
Cyber security is a hot issue globally and in Vietnam, concerns on the subject have been expressed by the Government and departments, especially in the field of banking – finance, said Le Manh Hung, director of the State Bank of Vietnam’s Information Technology Department.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 4.87 points to stay at 991.92 points on August 27, with 189.5 million shares valued at more than 4.47 trillion VND (192 million USD) traded.
Forbes Vietnam held a ceremony on August 23 to honour the 40 most valuable brands in Vietnam in 2018.
The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) has revised down many business targets for 2018, citing different reasons for this decision.
The High-Level People’s Court in Ho Chi Minh City on August 15 pronounced sentences to former leaders of Navibank, known as National Citizen Bank, on the charge of “intentionally violating State regulations on economic mismanagement, causing serious consequences.”
Moody’s Investors Service has taken rating actions on 14 Vietnamese commercial banks in its latest report issued on August 14.
The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.
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.
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 9.57 points to settle at 978.04 points on August 13.
The Prime Minister’s approval of a proposal on Vietnam’s smart city development to 2025 with a vision to 2030 will strongly affect the market and form a smart property trend, held experts at a conference in Ho Chi Minh City on August 11.
Moody’s Investor Services projected Vietnam’s annual GDP growth to stay at around 6.4 percent during the 2018-2022 period in its latest report issued on August 10.
Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh has underscored the decisive role of banking sector in economic shifting via targeting capital flows into sustainable development goals.
Digital banking will be the future of the Vietnamese banking system, especially amid the development of the fourth industrial revolution, according to experts.
Financial leasing is an effective solution to solving medium- and long-term capital shortages for local businesses, head a conference held by the BIDV-SuMi TRUST Leasing (BSL) in Ho Chi Minh City on August 1.
