By 2025, at least 50% of banking procedures and 70% of customers’ transactions are expected to take place in the cyber environment. While keeping a safe distance and remote working have become new practices since the Covid-19 outbreak, Vietnamese banks have been quick to push for digitalization to meet customers’ demand for more digital banking […]
Read MoreFDI commitments to the country returned to positive trend by an expansion of 0.8% year-on-year to US$14 billion. Disbursement of foreign direct investment (FDI) to Vietnam rose by 6.7% year-on-year in the first five months of this year to US$7.15 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and […]
Read MoreCambodia and Vietnam is set to open a border gate as an international checkpoint – linking the southeastern province of Prey Veng to Tay Ninh on the Vietnamese side – on May 31 to further boost trade between the countries in preparation for the eventual containment of the Covid-19 pandemic. This was revealed in a […]
Read MoreCredit rating agency Moody’s on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks. Accordingly, the Orient Commercial Joint Stock Bank (OCB), Tien Phong Commercial Joint Stock Bank (TPBank), Vietnam International Bank (VIB) have been assigned B1, while the Vietnam JSC Bank for Industry and Trade (VietinBank) […]
Read MoreAs the Covid-19 pandemic persists, Vietnam’s economy will still face many difficulties, but the country has the potential to increase productivity and develop at a higher rate than many other countries. Structural transformation In the book “Vietnam today and tomorrow”, Prof. Tran Van Tho said that there are two important aspects that need to be […]
Read MoreThe General Department of Customs (GDC) said that risks in transit services continue to exist as smugglers try to carry prohibited goods into Vietnam. In late 2020, the Lang Son province Association of Vietnam-ASEAN Transit Goods Traders sent a dispatch to the Government and relevant ministries complaining about the administrative fines imposed by the border […]
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