Da Nang has appreciated the contributions and accompany of foreigners in the city in a tough year of 2020, and hoped to continue to receive more assistance from foreign individuals, organisations and businesses during the recovery process in the city and the central region as a whole, said Chairman of the municipal People’s Committee Le Trung Chinh.
Prime Minister Nguyen Xuan Phuc and his Australian counterpart Scott Morrison had a telephone talk on January 21 to discuss bilateral relations as well as regional and international issues of shared concern.
As many as 277 businesses were involved in bond issuances in 2020, mobilising 403.5 trillion VND (17.4 billion USD), via some 2,200 issuance tranches, the Hanoi Stock Exchange has announced.
The Thai cabinet on January 12 approved a number of measures to reduce the cost of living and increase liquidity, and ease the impact of the new wave of COVID-19 infections.
The first meeting of the Vietnam-Germany Joint Committee for Economic Cooperation was held online on January 12, during which participants discussed the cooperation possibilities in industry and trade, manufacturing-processing, energy, and education-training.
HDBank was honoured along with other leading companies such as Vinamilk, Vingroup, CP Vietnam, and Vietnam National Petroleum Group as being among the Top 50 of Vietnam at the ceremony to announce the country’s 500 largest companies (VNR500) last week in Hanoi.
Ho Chi Minh City’s credit growth amounted to some 2.4 quadrillion VND (104 billion USD) as of the end of 2020, making up nearly 27 percent of the country’s total.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) sets to increase pre-tax profit by 12 percent year-on-year to 25.2 trillion VND this year, said Director-General Pham Quang Dung at a Hanoi conference on January 11.
Huynh Quang Hung, Chairman of the Phu Quoc City People’s Committee, talks to the Vietnam News Agency on the establishment of Phu Quoc city – the country’s first island city.
The banking sector has set a goal of flexibly managing and coordinating monetary, macroeconomic, and fiscal policies to control the inflation rate to around 4 percent this year and serve economic recovery and growth.
Hanoi’s condominium supply volume and sales are expected to improve in 2021, with between 24,000 and 26,000 units to be put on the market, CBRE Vietnam said at a January 7 event to announced its Q4 2020 quarterly report.
The State Bank of Vietnam (SBV) targets a credit growth rate of 12 percent in 2021, equivalent to the growth of 12.13 percent last year, according to SBV Deputy Governor Dao Minh Tu.
Credit growth in Vietnam may reach 13-14 percent this year, partly driven by progress with the COVID-19 vaccine, according to a 2021 banking outlook report released by the SSI Securities Corporation on January 6.
The Southeast Asia Commercial Joint Stock Bank (SeABank) has been among 13 commercial joint stock banks in Vietnam with highest charter capital, after increasing it to 12.088 trillion VND (526 million USD) from 9.369 trillion VND.
The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Vietnam.
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