Advertisements You can now connect your banking needs with every aspect of your lifestyle with the next generation customer-centric digital banking platform via mobile app by Hong Leong Bank Vietnam Designed to meet your increasingly on-the-go, digitized, and on-demand lifestyle, it takes only 2 steps to be a Hong Leong Bank Vietnam customer to startContinue reading “Hong Leong Bank Vietnam launches new digital banking platform, which allows you to have more ‘me-time’”
Category Archives: Finance
Vietnam aims for 6.8% GDP growth in 2020
Advertisements Vietnam’s legislature on Monday passed a resolution on plans for socio-economic development in 2020, including a target of 6.8 percent in GDP growth. Over 88 percent of the 426 deputies of the National Assembly voted in favor of the resolution for 2020 to achieve a 6.8 percent GDP expansion rate, below-four-percent inflation, a sevenContinue reading “Vietnam aims for 6.8% GDP growth in 2020”
Alternative lending impacts on labour productivity in emerging markets
Advertisements These are the findings of analysts of the financial holding Robocash Group after studying the role of non-bank lending companies in the economy. To understand the particular input of the segments, the analysts addressed to the study on the impact of bank and alternative credit on economic growth by Ficawoyi Donou-Adonsou, Kevin Sylwester (2017).Continue reading “Alternative lending impacts on labour productivity in emerging markets”
Vietnamese rice prices are 50% lower than Thailand’s
Advertisements Vietnam and Thailand are two major rice exporters to the Hong Kong market, but Vietnamese rice prices are 50% lower than those offered by its rival, leaving wide room for growth for Vietnamese rice exports to the former British territory. Based on 40 years of experience in running a rice import business, Food CheContinue reading “Vietnamese rice prices are 50% lower than Thailand’s”
South Korea’s firm partners with Vietnam’s central bank to develop a cashless payment network
Advertisements $700m payment system to be open to banks and retailers South Korean payment servicer Alliex has partnered with Vietnam’s central bank to develop a cashless payment network accessible to banks and retailers, helping the country’s broader effort to move away from a cash-based economy. YUICHI SHIGA reported on Nikkei The system could become operational next yearContinue reading “South Korea’s firm partners with Vietnam’s central bank to develop a cashless payment network”
Vietnam – Malaysia trade boost to US$15 billion by next year
Advertisements Malaysia is targeting to push its trade volume with Vietnam to US$15 billion (about RM60.6 billion) by next year. NST reported. Vietnam-Malaysia Business Association spokesperson Dinh Hai Yen said that for last year, Vietnam’s total export of various goods to Malaysia was US$3.81 billion, while its import from Malaysia was US$1.75 billion. “Vietnam isContinue reading “Vietnam – Malaysia trade boost to US$15 billion by next year”
Vietnam will revise up the size of the GDP
Advertisements Vietnam will officially announce the revision of the size of its gross domestic product (GDP) for the 2011-2017 period later this month, the head of the General Statistics Office said on Monday. The Business Times reported. The GSO said in August it would revise up the size of the GDP by 25.4 per centContinue reading “Vietnam will revise up the size of the GDP”
Fitch Ratings keep Vietnam’s sovereign rating at ‘BB’ with a positive outlook
Advertisements Fitch Ratings affirms Vietnam’s sovereign rating at ‘BB’ with positive outlook saying the delayed payment on a Vietnamese government-guaranteed loan in September was paid in full within the month and Fitch understands the administrative problems that gave rise to this delay are being addressed. “Therefore, the delayed payment does not have an immediate impactContinue reading “Fitch Ratings keep Vietnam’s sovereign rating at ‘BB’ with a positive outlook”
Vietnam Stocks Hit One-Year High
Advertisements Vietnam’s equity index reached its highest level in more than a year after two units of its biggest component said they’d buy back shares. The VN Index climbed the most among major Asian gauges, rising 1.7% to 1,015.59. Vinhomes SJC surged by the daily limit of 7% and Vincom Retail JSC advanced 5.6% afterContinue reading “Vietnam Stocks Hit One-Year High”
Vietnam’s condotel market heats up after a quiet period
Advertisements Several months ago, the condotel market was described as ‘falling into decay’, but now it is heating up again. Unlike previous years, 2019 has been surprisingly quiet. Even in Nha Trang, a famous tourism city, no new condotel project was on sale. Only 140 condotels of the second phase of an existing project wereContinue reading “Vietnam’s condotel market heats up after a quiet period”
Hà Nội jails seven in bank fraud case
Advertisements Seven people involved in a bank loan fraud were sentenced to prison by a court in Hà Nội on Thursday. Bùi Kiên Dũng, former director of Minh Phương Joint Stock Company, was sentenced to 18 years in prison. Others accused were sentenced to 13-17 years in prison, including An Thị Hương Giang, former directorContinue reading “Hà Nội jails seven in bank fraud case”
Vietnamese exported first batch of organic cocoa to Japan
Advertisements A batch of Vietnamese organic cocoa powder has been shipped to Japan and will be sold in Okinawa and Hamamatsu prefectures. This is the first time Việt Nam has officially exported organic cocoa to the choosy Japanese market. According to Hồ Sĩ Bảo, director of Amazon Food Company, the organic cocoa powder was producedContinue reading “Vietnamese exported first batch of organic cocoa to Japan”
Asian women a third less likely to be main investment decision maker than men
Advertisements The WealthiHer Network, an organisation founded to make the financial industry more female focused, today announced it will be launching in Asia in 2020. A founding partner of The WealthiHer Network Asia and the United Kingdom, J.P. Morgan will spearhead the network’s expansion to empower women in the region to grow and protect theirContinue reading “Asian women a third less likely to be main investment decision maker than men”
What do Asian and European borrowers ask call centres about?
Advertisements To determine the difference between customers of online financing services in Asia and Europe, the financial holding Robocash Group studied questions, which customers in the Philippines and Spain have asked call centres in 2019 most often. The primary differentiating feature of Filipinos is that more than one third (31.2%) of local customers’ calls areContinue reading “What do Asian and European borrowers ask call centres about?”
Digital Financial Services Revenue in Southeast Asia Set to Jump to US$38-60 Billion in 2025 from US$11 Billion in 2018
Advertisements Digital payments alone will exceed US$1 trillion in transaction value by 2025, as customer adoption of digital financial services reaches an inflection point PRNewswire / — Among the findings of a recent report, Fulfilling its Promise – The Future of Southeast Asia’s Digital Financial Services Industry, from Bain & Company, Google and Temasek, itContinue reading “Digital Financial Services Revenue in Southeast Asia Set to Jump to US$38-60 Billion in 2025 from US$11 Billion in 2018”