Advertisements The risk of money laundering in Việt Nam was at “an average level”, according to a State Bank of Việt Nam (SBV) report released on Wednesday. According to the report on national risk assessment on money laundering and terrorist financing in 2012-17 period, the conclusion was made after analysing trends and money laundering scamsContinue reading “Risk of money laundering in Việt Nam assessed at ‘average level’”
Category Archives: Finance
Reference exchange rate down 8 VND on May 16
Advertisements The daily reference exchange rate is adjusted down 8 VND on May 16 to 23,056 VND per USD. With the current trading band of +/- 3 percent, the ceiling rate applied by commercial banks for the day is 23,747 VND/USD and the floor rate is 22,365 VND/USD. The opening hour rates at commercial banksContinue reading “Reference exchange rate down 8 VND on May 16”
Old coins to be auctioned as scrap
Advertisements The State Bank of Vietnam will auction the scrap metal from coins which are no longer in circulation. Over 601 tonnes of coins, after being turned into scrap, will be auctioned at a reserve price of VND48bn (USD2m), or VND80,000 per kilo. The price is exclusive of VAT, loading or transportation costs. The TechnicalContinue reading “Old coins to be auctioned as scrap”
Digitization could add 1.1 percent to Vietnam’s GDP growth
Advertisements Digitization could contribute 1.1 percent GDP per year to Vietnam until 2045, experts say. “Vietnam has a bright future in digital economy development,” Dr. Lucy Cameron, senior research consultant at Australian federal scientific research agency CSIRO, said at a conference on the issue Wednesday. Cameron said that while Vietnam has been investing in production,Continue reading “Digitization could add 1.1 percent to Vietnam’s GDP growth”
VPBank partners with VinaCapital to provide investment options
Advertisements Two sign strategic cooperation agreement to provide bank’s priority individual customers with outstanding investment products. The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and VinaCapital Fund Management (VCFM), a member of the VinaCapital Group, one of Vietnam’s leading investment and asset management firms, recently signed a strategic partnership agreement in which the two willContinue reading “VPBank partners with VinaCapital to provide investment options”
MasterCard names VIB as a leading bank in e-commerce transactions and value of credit card spending
Advertisements MasterCard has just named the Vietnam International Bank (VIB) as one of its leading bank partner in e-commerce transactions and value of credit card spending in Vietnam. “We highly appreciated the outstanding indicators in the issuance and spending of credit cards that VIB has achieved recently. VIB became one of the banks having the highestContinue reading “MasterCard names VIB as a leading bank in e-commerce transactions and value of credit card spending”
Vietnam has a lot of potential for cashless payment to grow
Advertisements Cash transactions remain highly popular in Vietnam compared to other ASEAN countries as it has low banking penetration. A new Standard Chartered report says Vietnam has the lowest bank account ratio in six ASEAN countries at 30.8 percent of the population aged 15 and up. This ratio is 34.5 percent in Philippines, 48.9 percentContinue reading “Vietnam has a lot of potential for cashless payment to grow”
Vietnam’s real estate market likely to stay stagnant this year
Advertisements Vietnam’s real estate market will likely remain stagnant this year, unlike in 2017 when price increases were rampant in popular spots around the country, predicted deputy head of the Department of Housing and Real Estate Management Nguyen Manh Khoi. Khoi said there were unlikely to be bubbles in the property market this year becauseContinue reading “Vietnam’s real estate market likely to stay stagnant this year”
VN stocks expected to decline, hopes rest on banks
Advertisements Vietnamese shares may continue declining this week, dragged down by the impact of recent US-China trade talks and a lack of corporate news, analysts said. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange ended last week at 952.55 points, for a total weekly loss of 2.22 per cent. The HNX-Index on theContinue reading “VN stocks expected to decline, hopes rest on banks”
Biofuel fails to make a difference in Vietnam, consumption drops
Advertisements After being introduced as a more environmentally friendly option in late 2017, E5 biofuel consumption has fallen. Low consumption and low profit margin have been blamed for the situation. Deputy Minister of Industry and Trade Do Thang Hai told VnExpress that sales of E5 RON 92 bio-gasoline (E5) has dropped since the end ofContinue reading “Biofuel fails to make a difference in Vietnam, consumption drops”
Global Markets Fall as Investors Await China Response to Trump
Advertisements Global markets traded modestly lower on Monday as investors awaited word of how China would respond to President Trump’s escalation of a trade war. Chinese stocks finished more than 1 percent lower, while the rest of the region registered similar drops. European markets opened lower. Futures that track Wall Street’s performance indicated that stocksContinue reading “Global Markets Fall as Investors Await China Response to Trump”
Things you should know about Investment shifting trend in China
Advertisements According to the researcher Tu Truong Van of China International Research Fund, while the US-China trade war began to constantly escalate, China actively promoting cooperation with key economic and trade partners, especially economic and trade cooperation with their neighbor countries is the response to America. Vietnam is a neighbor to China. In recent timesContinue reading “Things you should know about Investment shifting trend in China”
Vietnamese stock market needs product impetus, say experts
Advertisements Featured photo: Commonwealth Bank of Australia (CBA) is one of the foreign investors with longest investment history in Vietnam Foreign investors found difficult to invest in Vietnamese stock market due to insufficient securities products, a senior official from Vietnam-focused financial institution with long-standing investment experience in Vietnam Dragon Capital has said. The total capitalization ofContinue reading “Vietnamese stock market needs product impetus, say experts”
Viet Capital Bank names Phan Viet Cuong as its new head of retail banking
Advertisements Viet Capital Bank said on Thursday it has named Phan Viet Cuong (Jonas Phan) as its new group head of retail banking as the bank seeks to expand in many of the markets. Jonas Phan held several roles within Vietnam’s banking industry, including Head of Retail banking at Vietnam International Bank (VIB), Deputy headContinue reading “Viet Capital Bank names Phan Viet Cuong as its new head of retail banking”
How Vietnam Present Upside Potential?
Advertisements Vietnam is the best-placed frontier market to prosper over the coming years, according to T. Rowe Price portfolio manager Oliver Bell, as he flags three factors likely to drive performance of the asset class over the remainder of 2019. Bell, who runs the $276.3m Frontier Markets Equity SICAV, believes various elections, specific countries advancingContinue reading “How Vietnam Present Upside Potential?”