ADB raises growth forecasts for Vietnam in 2019 and 2020 Business

ADB raises growth forecasts for Vietnam in 2019 and 2020

The Asian Development Bank (ADB) has revised up its growth forecasts for Vietnam from 6.8 percent to 6.9 percent for 2019 and from 6.7 percent to 6.8 percent for 2020 while trimming its predictions in developing Asia as growth in China and India is weighed down by both external and domestic factors.
WB: Cambodia’s economy remains robust World

WB: Cambodia’s economy remains robust

Cambodia's economy remained robust, underpinned by solid export performance and strong domestic demand, said the latest World Bank Cambodia Economic Update.
Awards honour standout Vietnamese banks Business

Awards honour standout Vietnamese banks

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).
Vietnam potential market for fintech companies Business

Vietnam potential market for fintech companies

Vietnam is a promising market for fintech companies thanks to its young demographic, strong e-commerce growth, and increasing smartphone and internet users, heard a conference in Ho Chi Minh City on October 31
Europe firms may purchase 49 percent in local banks Business

Europe firms may purchase 49 percent in local banks

The Vietnamese Government may allow European financial firms to buy up to 49 percent of only two local commercial banks, Nguyen Thi Thu Trang, Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry, said on October 23.
Vietcombank receives three awards by Asiamoney Business

Vietcombank receives three awards by Asiamoney

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named the Best Domestic Bank in Vietnam, the Best Bank for SMEs in Vietnam and the Most Outstanding Company in Vietnam – Financial Sector by Asiamoney magazine.
Blockchain community asks for a sandbox Business

Blockchain community asks for a sandbox

Representatives of the blockchain industry in Vietnam have asked for a ‘sandbox’ for the technology while meeting with Government agencies at a conference on in Hanoi on September 18.
High-tech FDI shouldn’t be taken for granted Business

High-tech FDI shouldn’t be taken for granted

Vietnam has emerged as a destination for large tech firms as the trade dispute between the US and China continues to intensify with no end in sight. However, whether and how much Vietnam can take advantage of the shifting FDI flow out of China remains to be seen.
RoK firms want to invest in Vietnam’s digital transformation Business

RoK firms want to invest in Vietnam’s digital transformation

Many leading groups and corporations of the Republic of Korea, which operate in banking, finance, electricity, retail sales, and technology, have expressed their interest in cooperation with Vietnamese partners, including FPT Corporation, in the fields of new technologies digital transformation.
Financial sector makes efforts in anti-corruption Society

Financial sector makes efforts in anti-corruption

Politburo member and Minister of Public Security General To Lam, who is also deputy head of the Central Steering Committee on Anti-Corruption, has lauded efforts of the Finance Ministry’s Party committee in the reclamation of assets in corrupt and economic cases.