Vietnamplus

Bilateral trade between Vietnam and African economies has made significant growth in the past decade, however, there is still room for improvement.

Many banks and finance companies have proactively adopted technologies to provide digital financial services, Nguyen Hoang Minh, a senior central bank official said.

A symposium was held in Hanoi on December 6 to discuss and collect opinions on policy recommendations by development partners of Vietnam for the building of a socio-economic development strategy for the 2021-2030 period.

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh.

The Novaland Expo, an impressive real estate exhibition, is taking place at the Novaland showhouse centre on Mai Chi Tho street, District 2, Ho Chi Minh City from December 4-8.

New-generation Free Trade Agreements (FTAs) are expected to help Vietnam become more competitive if the country reduces trading costs and improves its business environment, experts said at a conference in Ho Chi Minh City.

Prime Minister Nguyen Xuan Phuc on November 28 expressed his hope that investors from the Republic of Korea (RoK) will increase investment in tourism in Vietnam as there are more than 2,000 flights between the two nations each month.

A ceremony for the Vietnam Outstanding Banking Awards 2019 was held in Ho Chi Minh City on November 27 by the Vietnam Banks Association and the International Data Group (IDG).

A Vietnamese delegation, led by Nguyen Toan Thang, General Secretary of the Vietnam Banking Association, is attending the 22nd ASEAN Banking Conference that kicked off in the Cambodian capital city of Phnom Penh on November 25.

The relationship between Vietnam and the Republic of Korea (RoK) has recorded strong development in all spheres since the two countries established diplomatic ties 27 years ago.

The State Bank of Vietnam (SBV) plans to lower the foreign ownership rate in the payment intermediary service sector to 49 percent instead of leaving it unrestricted to avoid manipulation by foreign investors in the field.

While there is much more data than ever before and digital technologies are growing very fast, there is a huge shortage of human resources, experts have told a conference at the Hoa Sen University in Ho Chi Minh City.

The proportion of Vietnamese enterprises that have not adopted digital transformation is about 1.5 times higher than the global average.

The Government has issued a decree specifying regulations on administrative fines for violations in the monetary and banking sectors.

High-tech manufacturing was the top sector in terms of demand for senior managers in the third quarter, according to executive search firm Navigos Search.

Vietnam must continue to improve on its Law on Enterprises, experts and researchers said at a law conference in Hanoi on November 18.

Total outbound Vietnamese investment reached 431.7 million USD in the first nine months of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Singapore has fined Swiss banking giant UBS 8 million USD after investigations showed its advisors deceived clients about prices for bonds and other financial products.

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.

Nearly 20 Vietnamese firms in various areas are participating in the 39th India International Trade Fair (IITF), which began in New Delhi on November 14.