Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.
President of the France-Vietnam Friendship Group at the French National Assembly Stephanie Do said the group strongly backs the signing and ratification of the EU-Vietnam FTA, which she described as a gateway for EU and Vietnam to access each other’s market more easily.
Vietnamese companies should further invest in and trade with Myanmar, Thailand, Laos, and Cambodia, which are members of the Association of Southeast Asian Nations, heard a forum in Ho Chi Minh City on March 28.
The Democratic Party of Korea (DPK) wants to strengthen its friendship and cooperation with the Communist Party of Vietnam (CPV), helping to push the Vietnam-Republic of Korea (RoK) relations to a new height, said DPK Chairman Lee Hae-chan.
The Vietnam – Singapore Cooperation Centre was inaugurated in Hanoi on March 23 morning, in the witness of visiting Singaporean Deputy Prime Minister and Co-ordinating Minister for National Security Teo Chee Hean and Minister of Science and Technology Chu Ngoc Anh.
The eighth international economic and financial conference of Vietnam and the Republic of Korea (RoK) took place in Hanoi on March 22.
Vietnam and Singapore have rooms for extensive engagements, particularly in the sea, high-quality workforce, and startup fields, Deputy Prime Minister Truong Hoa Binh said during talks with his Singaporean counterpart Teo Chee Hean in Hanoi on March 22.
The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
The Vietnamese Government will continue to create a favourable business environment to encourage foreign investors, including those from Japan, to do long-term business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung.
The Vietnamese Government highly appreciated investors from the Republic of Korea (RoK), including Samsung, for their efforts towards maintaining the RoK’s position as the largest foreign investor in Vietnam for many years, said Deputy Prime Minister Trinh Dinh Dung.
An event to review economic cooperation between Vietnam and Japan over the years and towards effective development in the future was held by the Vietnam Chamber of Commerce and Industry (VCCI) on February 25.
Chairwoman of the National Assembly (NA) Nguyen Thi Kim Ngan hosted a reception for Prosecutor General Moon Moo-il of the Supreme Prosecutors' Office of the Republic of Korea (RoK) in Hanoi on January 29.
Many Japanese businesses have expressed interest in investing in Vietnam’s northern province of Ha Nam to supply top quality products for the Southeast Asian market and others in the region, said Tsunemasa Teramoto, a representative from Japan’s Ministry of Agriculture, Forestry, and Fisheries.
Deputy Prime Minister Truong Hoa Binh has asked the Supreme People’s Procuracy of Vietnam and Singapore’s Office of Attorney-General to step up coordination in criminal justice assistance and criminal asset recovery.
Vietnam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tensions between the US and China, a banking official said.
The Vietnamese Embassy in China held a grand ceremony in Beijing on January 17 to mark the 69th founding anniversary of Vietnam-China diplomatic relations.
The number of trading accounts rose by 260,000 to reach nearly 2.2 million as of the end of 2018, according to the Vietnam Securities Depository (VSD).
Foreign investor confidence in Thailand remains strong due to the country’s robust economic foundations and profit growth among listed companies.
