As blockchain disrupts the banking and finance industry, experts urged caution was needed in its application together with a proper legal framework to limit risks and ensure development is on the right track.
Digital banking will be the future of the Vietnamese banking system, especially amid the development of the fourth industrial revolution, according to experts.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been awarded the “Mobile Banking Initiative of the Year” title by the Asian Banking & Finance (ABF) magazine.
The Vietnam Bank for Agriculture and Rural Development (Agribank) aims to maintain its status as the leading commercial bank in Vietnam in its strategic business orientation to 2025.
The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods. This could be a foundation for building e-government in Vietnam.
The Thai Ministry of Justice has held a conference to discuss creating a crime database as a precursor to an ASEAN+3 information cache for crime analysis.
Vietnam is a promising market for retail and franchise sector as franchising is an increasingly popular strategy taken by many enterprises, said experts at a conference held on the sidelines of the Shop & Store Vietnam Exhibition 2018 held in Ho Chi Minh City on March 28.
The Bank of Thailand (BOT) has announced that its strategy for 2018 is to use new technologies to achieve faster and more convenient financial transactions.
Myanmar’s new investment law, endorsed by the country’s parliament in October 2016, took effect on April 1 with a view to creating favourable conditions for foreign investors.
To aid Thai investors doing business abroad, Kasikorn Bank has become the first bank in Thailand to accommodate transactions in all the currencies of the ASEAN+3 grouping.
Russia has offered the Philippines access to an intelligence database to help it fight crime and train elite forces to protect President Rodrigo Duterte.
Malaysia’s National Security Council (NSC) has proposed introducing visas for visitors from the Middle East in order to prevent the entry of Islamic State (IS) militants into the country.
Vietnam is considering changing the amended Housing Law, which is under
discussion, to make it easier for foreigners and Vietnamese expatriates
to buy houses in the country.
Regarding the
development of the mobile economy, collaboration should be seen as
win-win partnerships in a value co-creation ecosystem. Vietnam Business
Forum interviewed Dr Bui Xuan Tung, Faculty Director of Vietnam
Executive MBA, University of Hawaii.
Most fund management firms made profits not from their core business,
but financial activities in the first half of the year.
However, some industry insiders are concerned about the trend. They say
sustainable growth of fund management firms whose profits mainly come
from financial activities are often extremely volatile as parent
companies or related partners can withdraw their capital unexpectedly.
Sci-Tech
