Deadline for securities regulator to object to the first of the new vehicles will expire next week
Standard Chartered Bank (Vietnam) has once again been named one of the Best Companies to Work for in Asia in 2021 by HR Asia, one of Asia's leading publications for HR professionals, for the fourth consecutive year.
The move aims to help the country's banking sector resolve bad debts that need a debt market and qualified investors.
Owners of vehicles with a model year before 2021 that were brought into Cambodia without paying import duties or other charges can reduce any levy obligations by 10-20 per cent if they pay them before the end of this year, according to an October 12 letter from General Department of Customs and Excise (GDCE).
Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said.
The Ho Chi Minh City Development JSC Bank (HDBank) has announced its preliminary business results for the first nine months of 2021, with positive growth and a standalone non-performing loan ratio of less than 1 per cent.
The central bank would continue to keep the policy rates unchanged until the end of the year.
Viet Nam will pilot the Mobile Money service across the country for two years before officially launching it, according to Deputy Governor of the State Bank Dao Minh Tu.
Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.
Laos hopes to issue its own digital currency in the near future as part of cooperation with a Japanese financial technology (fintech) start-up, reports Laotian Times.