Financial sources on January 9 revealed that the Republic of Korea (RoK)’s businesses will be able to make payments in the country's domestic currency, the won (KRW), to their trade partners from the Association of Southeast Asian Nations (ASEAN) members starting in the second half of this year at the earliest.
Indonesian Trade Minister Zulkifli Hasan on January 4 said that the value of the country's digital commerce or e-commerce transactions in 2023 is estimated to have reached 533 trillion IDR (34.35 billion USD), a 10.69% increase compared to the previous year.
The Ho Chi Minh Stock Exchange (HoSE) on January 4 announced that as of December 29, 2023, there had been 42 enterprises with capitalisation of over 1 billion USD listed on the HoSE.
Bank Indonesia (BI) and the Bank of Korea (BOK) on December 10 embarked on a groundbreaking collaboration aimed at utilising local currencies for financial and economic transactions.
About 67 percent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus).
The Bank of Indonesia (BI) and the People’s Bank of China (PBC) on September 6 officially started the implementation of cooperation in the settlement of bilateral transactions with local currencies (LCS) between Indonesia and China, said BI.
The central banks of Thailand and Malaysia launched a cross-border QR payment linkage to enable consumers and merchants in both countries to make and receive instant QR code payments.
The Thai Prime Minister has voiced his satisfaction with the success of the government’s “Half-Price” co-pay campaign that has helped the general public cut down on living expenses while stimulating local economies.
MoneyGram, a global provider money transfer and payment services, and HDBank on August 28 signed an agreement to provide home remittance delivery services in Vietnam.
The new payment mode for transactions of Government bonds through the State Bank of Vietnam (SBV) instead of through a commercial bank was launched in Hanoi on August 1.
The State Bank of Vietnam’s transaction centre this week raised the reference buying rate for the US dollar by 50 VND to 22,725 VND, revealing its intention to expand foreign reserves.
Total transaction value paid via the system of the National Payment Corporation of Vietnam (NAPAS) reached 320 trillion VND (14.1 billion USD) in 2016, nearly doubling from 2015.
Deputy Prime Minister Vuong Dinh Hue has urged equitised companies which have not listed in the stock market to expeditiously complete procedures to register for listing and transaction.
A conference on promoting linkage among the business community in the Trans Pacific Partnership (TPP) zone was held in the southern city of Ho Chi Minh on April 1.
Foreign tech giants are set to jump into the mobile payments market on both the paying and receiving sides of the transaction, thus posing a threat to local commercial banks payment market share.
Creditors and entrepreneurs from Vietnam and the Republic of Korea (RoK) gathered at a workshop in Ho Chi Minh City on December 4 to boost economic-financial cooperation.