Category Archives: Finance

Vietnam Business Summit opens in Da Nang city

Advertisements The Vietnam Business Summit was opened in the central city of Da Nang on November 7 morning under the theme “Vietnam: We Mean Business”. Prime Minister Nguyen Xuan Phuc delivers an opening speech at the Vietnam Business Summit The Vietnam Business Summit is part of the APEC Economic Leaders’ Week in Da Nang fromContinue reading “Vietnam Business Summit opens in Da Nang city”

Cashless economy is coming

Advertisements “A non-cash society is coming to Vietnam,” Chairman of Alibaba Jack Ma told the Vietnam E- Payment Forum (VEPF) held on November 6 in Hanoi with the main topic “Mobile Payments”. He said that 54 per cent of Vietnam’s population use mobile phones but they use both mobile payments and cash. He also fullyContinue reading “Cashless economy is coming”

‘We Mean Business’: Vietnam lures int’l investors at APEC business summit

Advertisements The first Vietnam Business Summit (VBS), held in parallel with the 2017 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week, opened on Tuesday in the central city of Da Nang. VBS is an initiative of the Vietnam Chamber of Commerce and Industry (VCCI), and is attended by Vietnamese government leaders and officials, representatives from prestigiousContinue reading “‘We Mean Business’: Vietnam lures int’l investors at APEC business summit”

Paradise leaks laid bare how Apple avoids tax

Advertisements Apple shifted much of its offshore wealth from Ireland to a tax haven in the British Isles, according a review of leaked Paradise Papers documents Monday. Apple confirmed the move in an online post, saying it served to “ensure that tax obligations and payments to the U.S. were not reduced.” After the U.S. technologyContinue reading “Paradise leaks laid bare how Apple avoids tax”

Dialogue with Jack Ma on e-commerce, mobile payment and suggestions for Vietnam

Advertisements Truong Gia Binh, chairman of Vietnam’s leading technology firm FPT, talks with Jack Ma about his experience of building his Chinese e-ecommerce giant Alibaba at the Vietnam E-Payment Forum 2017. The dialogue focuses on e-ecommerce and mobile payment, and how lessons from China can be applied in Vietnam. On fintech “We need banks toContinue reading “Dialogue with Jack Ma on e-commerce, mobile payment and suggestions for Vietnam”

Philippines stock retreats into red from record high; Vietnam jumps

Advertisements Philippine shares retreated from a record high scaled earlier on Friday to close 1.6 percent lower as investors locked in profits from three straight sessions of gains, while Vietnam reversed earlier losses to close higher. Industrials and financial stocks led the losses on the Philippine index, reducing its weekly gain to nearly 1 percent.Continue reading “Philippines stock retreats into red from record high; Vietnam jumps”

Asia-Pacific leaders kick off key economic summit in central Vietnam

Advertisements U.S. President Donald Trump will arrive on Friday and deliver a speech at the CEO Summit, according to the White House. Leaders from the 21 Asia-Pacific Economic Cooperation (APEC) nations are gathering in Vietnam’s central city of Da Nang for the start of a key regional summit, with speeches expected from Donald Trump andContinue reading “Asia-Pacific leaders kick off key economic summit in central Vietnam”

Why foreigners aren’t buying houses in Vietnam

Advertisements There’s a wealth of expats and overseas Vietnamese interested in the real estate market, but red tape is putting them off. “Only a few expats are able to buy houses in Vietnam because there are still so many legal barriers,” said real estate manager Nguyen Chien Thang, counting on his fingers the number ofContinue reading “Why foreigners aren’t buying houses in Vietnam”

Oakwood State Bank

Advertisements GBS – The Oakwood State Bank is a small bank with a single branch in Oakwood, Texas formerly operated by Roddy R. Wiley, Jr. (born c. 1923 – August 6, 2010). It is called the smallest bank in the United States. It serves some six hundred accounts in the same manner that it didContinue reading “Oakwood State Bank”

The outstanding bankers of 2017

Advertisements Bankers Ngo Chi Dung, Duong Cong Minh and Dang Khac Vy frequently appeared in local media in 2017. Ngo Chi Dung is a veteran banker. From 1996-2004, he was the founding shareholder of VIB Bank. Later, he became vice president of Techcombank and since 2010, has been VPBank’s chair of the board of directors.Continue reading “The outstanding bankers of 2017”

APEC’s Startup Revolution Brings the Next Big Thing

Advertisements You see now, especially in the APEC region, many startups in new areas inspired by successful cases in Silicon Valley. Enabling next generation startup growth and positioning emerging businesses in APEC member economies to capitalize on new, digitally-driven trade opportunities will be a top priority for the region’s Leaders and Ministers during their upcomingContinue reading “APEC’s Startup Revolution Brings the Next Big Thing”

SHB posts $59.1m pre-tax profit in 9 months

Advertisements Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) on Wednesday posted pre-tax profit of over VND1.33 trillion (US$59.1 million) in the first nine months of the year. This was an increase of 69 per cent from the same period last year. The bank said the high profit was due to its strong growth inContinue reading “SHB posts $59.1m pre-tax profit in 9 months”

APEC 2017: Connectivity opportunities and two sides of the coin

Advertisements Vietnam as well as APEC member economies welcome new opportunities, but also face many challenges to adapt and develop. Must be connected Globalization and the industrial revolution 4.0 are creating opportunities for international economic cooperation but also pose many challenges. According to analysts, with the 4th industrial revolution, the key is connection – connectionContinue reading “APEC 2017: Connectivity opportunities and two sides of the coin”

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