The International Finance Corporation (IFC) and the APEC Business Advisory Council (ABAC) – with support from the State Bank of Vietnam and the Swiss Secretariat for Economic Affairs (SECO) – co-organised the eighth APEC Financial Infrastructure Development Network (FIDN) Conference on November 26, 2020.
Vietnam has continued to bring public debt under its control, thus ensuring financial security for the country.
Validus Vietnam is collaborating with the International Finance Corporation (IFC) to promote supply chain financing to corporates, especially small and medium enterprises (SMEs) in Vietnam, who usually have limited or no access to unsecured bank financing. This collaboration strengthens Validus Vietnam's effort in supporting the Vietnam economy through its work with SMEs.
For its almost 100 per cent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.
The number of overseas Vietnamese has increased by 800,000 in the past five years, contributing remittances worth over $71 billion.
The insurance sector in Cambodia earned $201.7 million in premiums in the first nine months of this year, climbing 8.2 per cent from the $186.3 million logged in the same time last year, the Insurance Association of Cambodia (IAC) reported.
Customers of Bakong’s bank partners can now transfer funds with ease through Wing’s nationwide financial system.
Representatives of ministries, agencies, localities, business associations and enterprises gathered at a dialogue in Hanoi on November 24 to review the latest administrative and regulatory changes in taxation and customs.
Vietnam’s fintech market continues to challenge the banking and finance industry with its growth scale and technology improvements.
The State Bank of Vietnam (SBV) reduced its dollar buying rate to VND23,125 Tuesday, down VND50 from Monday.