ACB becomes seventh bank to meet Basel II standards Business

ACB becomes seventh bank to meet Basel II standards

The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Vietnam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to seven.
Exchange rate to be stable in 2019 Business

Exchange rate to be stable in 2019

The Vietnamese Dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast.
Changing management thinking to boost businesses Business

Changing management thinking to boost businesses

It was critical to change management thinking towards removing difficulties and creating favourable conditions for businesses, Mai Tien Dung, Minister-Chairman of the Government Office stressed at the meeting of the Prime Minister’s working group with six ministries on April 22.
Philippines revises down 2019 GDP growth target World

Philippines revises down 2019 GDP growth target

The Philippines on March 13 lowered its GDP growth target for this year to 6-7 percent, instead of 7-8 percent, citing the impact of a delay in the approval from the legislature for this year's budget.
Growth targets for 2019 feasible: Experts Business

Growth targets for 2019 feasible: Experts

Experts say the target growth rate of 6.6 to 6.8% for 2019 set by the National Assembly is feasible. They also said the GDP target was likely to be surpassed due to opportunities from the US-China tra