Indonesia’s digital economy is forecast to reach 40 billion USD by the end of the year, according to the e-Conomy Southeast Asia (SEA) 2019 report compiled by Google, Temasek and Bain & Company.
The employee turnover rate has been on the rise in the last three years, reaching an alarming rate of 24 percent this year, according to a report from the human resource consultancy Anphabe.
The central banks of Malaysia and Indonesia on September 27 signed a currency swap agreement, which allows the exchange of local currencies between the central banks of up to 2 billion USD.
Social policy credit has lifted more than 2 million ethnic minority households out of poverty as of August 31, said Director General of the Vietnam Bank for Social Policies (VBSP) Duong Quyet Thang at a conference in Hanoi on September 25.
The Vietnam Bank for Social Policies (VBSP) on September 6 officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low Income People and Women in Vietnam” - Phase 2 (Mobile Banking 2).
The city of Da Nang, the central region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.
Deputy Prime Minister Vuong Dinh Hue has praised Japanese retail giant AEON’s investment decisions in Hanoi, Ho Chi Minh City, and Binh Duong in the past time.
The Vietnamese government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, held Khoon Goh, head of Asia Research at Australia and New Zealand Banking Group Limited (ANZ).
Technology solutions in the fields of big data, artificial intelligence, financial outreach and cyber security are the focus of the second Fintech Challenge Vietnam (FCV), which was launched in Hanoi on August 13.
Issues related to land use right continue to pose obstacles to the State-owned enterprises' process of evaluating the businesses and share prices and executing their equitisation plans, experts said at a meeting on August 8.
ASEAN Secretary-General Dato Lim Jock Hoi has expressed his optimism over the likelihood that the Regional Comprehensive Economic Partnership (RCEP) between 10 ASEAN member countries and six partners will be finalised by the end of the year.
Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.
Vietnam and India can cooperate in areas of strength such as agriculture, textiles, footwear, renewable energy, and pharmaceuticals, according to the Ministry of Industry and Trade.
More than 40 companies have lined up to raise about 30 trillion Rp (2.2 billion USD) in fresh capital through initial public offerings (IPO) and bond and rights issuances through the Indonesia Stock Exchange (IDX) within the next few months, according to the Financial Services Authority (OJK).
The EU-Vietnam Free Trade Agreement (EVFTA), which was freshly signed in Hanoi on June 30, is expected to bring about many opportunities for Vietnamese enterprises, especially those involved in exporting major products like seafood, apparels, footwear, and farm produce.
World
