Viet Nam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 per cent.
Recent years have witnessed communication transforming from a supporting tool to a must-have that directly drives business growth across various industries, especially in the financial sector. Nguyen Dieu Cam, general director at T&A Ogilvy and director of Ogilvy Consulting Vietnam, shared about the need for a transformation and how to prepare for the change at Winning With Women Financial Services Marketing Summit on September 27, 2019.
The Vietnamese Ministry of Finance (MoF) on Thursday said Moody's Investors Service’s decision to place Viet Nam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.
Remittances to Ho Chi Minh City reached about US$3.8 billion in January-September, an increase of seven percent over the same period last year, according to a recent report by the branch of the State Bank of Vietnam, which is the central bank, in the city.
While digital transformation has become an inevitable trend for development in today’s modern world, compliance risk, however, might pose remarkable hurdles to banks wishing to go digital.
The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.
The Southeast Asia Joint Stock Commercial Bank (SeABank) in September raised its charter capital to near VND9.37 trillion (US$403 million) from previous VND7.7 trillion.
Viet Nam is among 38 emerging market economies to have adopted significant banking reforms to boost development and combat climate change, the second Global Progress Report of the IFC-facilitated Sustainable Banking Network (SBN) revealed.
Vietcombank is heading to Australia and could open for business in Sydney within the next 12 months.
The General Department of Taxation (GDT) on Wednesday announced the list of 1,000 highest taxpayers (V1000) in Viet Nam in 2018 which contributed 60.3 per cent of total corporate income tax.