Business

Building trust critical for digital banking development

Building trust critical for digital banking development

Digital banking is inevitable for Vietnamese banks and building trust is critical in the development of the new business model, experts said at a conference on Friday.

 Commercial banks looking to list

Unlisted local commercial banks must consider a raft of matters if they are to list by 2020 under the latest government scheme.

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Vietnam Airlines proposes air logistics centre in Can Tho

Vietnam Airlines has proposed to build an air logistics centre in Can Tho City connecting to Can Tho and Tan Son Nhat Airport.

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The third European Art of Living Exhibition - EuroSphere 2019 gathered over 50 European age-old brands in the field of food and beverage, fashion, jewelry, cosmetics, perfume, furniture, cars, education, real estate and tourism, taking place in Ho Chi

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 Vietnam’s aviation posts double-digit growth

Vietnam’s aviation sector has witnessed double-digit growth in passenger transport in the past decade, and the market is forecast to build up momentum in 2019, according to the Airports Corporation of Vietnam (ACV).

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VinFast auto manufacturing factory inaugurated in Hai Phong

The VinFast automobile manufacturing factory, invested by Vingroup, was officially put into operation at the Dinh Vu Industrial Park in the northern port city of Hai Phong on June 14 after 21 months of construction, a world record in

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Quang Nam cancels Dac Di 4 hydropower project

Authorities in Quang Nam Province have decided to end the stagnant Dac Di 4 Hydropower Plant Project.

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HCM City faces troubles in collecting online sales taxes

HCM City Department of Taxation started collecting taxes from online businesses a year ago, however, many businesses haven't paid their taxes as requested.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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Vietnam’s public debt in 2018 was estimated to account for less than 61% of national GDP, according to an official from the Ministry of Finance.

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Local banks have increasingly sought cross-border borrowings in recent years after being pressured to raise capital for lending.

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