Phnom Penh Commercial Bank (PPCBank) – the Cambodian subsidiary of JB Financial Group’s flagship lender – signed a deal with a Thailand-based financial technology firm to provide electronic loan repayment services to customers, the South Korean banking group said on Wednesday.
The government has decided to postpone the implementation of the capital gains tax from January 1, 2021 to January 1, 2022, the Ministry of Economy and Finance’s General Department of Taxation (GDT) said on Thursday.
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on October 21 for country director of the World Bank in Vietnam Carolyn Turk.
State Capital Investment Corporation is working on its transition towards becoming the Vietnamese government’s strategic investment fund, aiming to support the state’s endeavour in promoting economic growth. VIR’s Van Nguyen spoke with the corporation’s general director, Nguyen Chi Thanh, about the ins and outs of the upcoming transformation.
Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts.
An Binh Commercial Joint Stock Bank reported pre-tax profits of VND924 billion (US$39.77 million) for the first nine months of the year.
Prudential (Cambodia) Life Assurance Plc on Tuesday signed a memorandum of understanding (MoU) with Vietnamese-owned mobile operator Viettel (Cambodia) Pte Ltd (Metfone) and mobile financial services provider E-Money Payment Solutions Plc (e-Money).
Prime Minister Hun Sen has called on banks and microfinance institutions (MFIs) to be more understanding in restructuring loans, easing interest rates or delaying repayments to customers affected by the recent floods.
As 2020 nears its end, assessments are being made of the performance of the nation’s crucial financial markets, which have been holding up well despite the heavy impact of the pandemic and global recession. Dr. Nguyen Dai Lai, former deputy director of the State Bank of Vietnam’s Banking Development Strategy Department, dives into the nuts and bolts of the statistics and looks ahead at what to expect for 2021.
Banks in HCM City are focusing on measures to mitigate the difficulties faced by businesses due to the Covid-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.