The Indonesia Stock Exchange (IDX) has announced a new trading policy to prevent stocks from falling more than 10 percent after the Jakarta Composite Index (JCI) crashed to a three-year low on March 9.
Singapore's central bank has asked domestic financial institutions to take additional measures and precautions after the Government raised the alert level on the coronavirus outbreak.
Many banks and finance companies have proactively adopted technologies to provide digital financial services, Nguyen Hoang Minh, a senior central bank official said.
The Indonesian Financial Services Authority (FSA) has revised the credit growth in 2019 down to the range 8-10 percent from the range of 12-14 percent it forecast in the middle of the year.
President of the Vietnam Cooperative Alliance (VCA) Nguyen Ngoc Bao has asked Japan to help Vietnam develop multi-service cooperatives which have proved successful in Japan.
The Financial Services Commission of the Republic of Korea said the country will deepen cooperation with the 10-member Association of Southeast Asian Nations (ASEAN) in the financial technology sector.
Prime Minister Nguyen Xuan Phuc welcomed SoftBank – the largest financial services group of Japan – to expand investment in Vietnam, which has an increasingly improved business environment and the fastest economic growth in the region and the world.
Becoming a financial hub is key to helping Ho Chi Minh City make economic breakthroughs in the time ahead, and the city pledges to exert every effort to facilitate financial institutions’ investment, a local official said on October 18.
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.
Foreign investors have been encouraged to take advantage of the double benefits Vietnam is offering through its commitments in the many trade pacts signed with other countries.
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.
The New York State Department of Financial Services has granted operating license to the Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to open a representative office in New York.
The topic on how to apply digital technologies to promote financial inclusion in Vietnam will be discussed at the Banking Vietnam Conference and Expo 2019 (Banking Vietnam), which will take place in Hanoi on May 30.
The Bank for Investment and Development of Vietnam (BIDV) was named the Best Retail Bank in Vietnam for five consecutive years by The Asian Banker Magazine.
The Japan International Cooperation Agency (JICA) Vietnam Office and the Vietnam Women’s Union (VWU) signed a record of discussions for the “project of promoting gender responsive financial inclusion through the Vietnam Women’s Union” in Hanoi on November 28.
Two-way trade between the Republic of Korea (RoK) and the Association of Southeast Asian Nations (ASEAN) is expected to reach 160 billion USD this year as Seoul seeks to bolster ties with the 10-member regional bloc.
PricewaterhouseCoopers (PwC) predicts that the financial services sector in ASEAN will outpace that of more mature markets, according to the ASEAN Post.
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