Friday, September 21, 2018 - 18:32:32

banking sector

WEF ASEAN 2018: Vietnam treasures benefits of free trade

Business

WEF ASEAN 2018: Vietnam treasures benefits of free trade

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.

Banks to work harder on cyber crime

Sci-Tech

Banks to work harder on cyber crime

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.

VN-Index exceeds 990 points on August 27

Business

VN-Index exceeds 990 points on August 27

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.

Prison sentences pronounced in Navibank case

Society

Prison sentences pronounced in Navibank case

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.”

Vietnam strives to reduce cash payment proportion

Business

Vietnam strives to reduce cash payment proportion

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.

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.

Smart real estate to be future market trend: experts

Business

Smart real estate to be future market trend: experts

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.