Vietnamplus

For its almost 100 percent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.

Vietnam needs 150 billion USD to invest in power projects in the next 10 years, equal to half the country’s current gross domestic product (GDP), which raises demand for international financing.

The Monetary Authority of Singapore (MAS) on November 23 announced funding of up to 25 billion RMB (5.11 billion USD) for banks in Singapore.

The 37th ASEAN Summit and Related Meetings took place virtually from November 12-15. ASEAN leaders agreed to issue the Chairman's Statement of the 37th ASEAN Summit at the end of the event.

The Vietnamese dong will remain stable for the rest of the year but may appreciate by 0.5 percent in 2021, VNDirect Securities Corp forecast.

Prime Minister Nguyen Xuan Phuc on November 16 presented the State President’s decision to appoint Nguyen Thi Hong as the Governor of the State Bank of Vietnam (SBV).

Vietnam has called on the international community to complete their commitments on financial contributions to United Nations (UN) humanitarian activities, thus helping fight hunger in Yemen.

Local companies do not have to worry about a preliminary anti-subsidy tariff imposed by the US Department of Commerce on car and truck tyres from Vietnam, executives told local media.

Many banks have gained significant profit increases from foreign exchange (forex) trading this year, figures show.

HCMC saw overseas remittances rise by 6 percent year-on-year to 4.2 billion USD in the first nine months of this year, despite the economic fallout of the COVID-19 outbreak.

State-owned railway operator PT Kereta Api Indonesia (KAI) posted 2.4 trillion IDR (163.6 million USD) loss between January and September, a drastic turn-around from the 1.5 trillion IDR profit booked during the same time last year, as the COVID-19 pandemic continues to put pressure on travel demand.

Batches of tra fish products manufactured under a high-tech production process have been shipped to the EU, South America, ASEAN, China, and the Middle East by a company based in the Mekong Delta province of An Giang.

Malaysia’s international reserves stood at 104.98 billion USD and remained usable by the end of September, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

The Lao government has announced that it will manage and address public debt in various ways as it seeks to ease the country’s financial tensions.

The dollarisation remains high in Cambodia, revealed the latest annual report by the International Monetary Fund (IMF) on the Southeast Asian nation.

Economic recovery in CLMV countries (Cambodia, Laos, Myanmar and Vietnam) depends on their ability to contain the second wave of the COVID-19 pandemic, according to a report from Maybank Kim Eng.

TPBank has become the Vietnamese first bank to allow all domestic cardholders to make payment and withdrawal transactions in the Republic of Korea (RoK) in addition to international debit cards or credit cards.

Bank Indonesia (BI) and the People’s Bank of China (PBOC) on September 30 signed a memorandum of understanding (MoU) to establish a framework promoting the use of local currencies for trade and direct investment.

In the second quarter, corporate bonds in Vietnam posted growth of 65.6 percent quarter-on-quarter and 76 percent year-on-year.

The improvement of global investment sentiment and financial conditions has provided a much-needed lift for local currency bond markets in emerging East Asia, including Vietnam, despite risks from the COVID-19 pandemic, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.