Investment in infrastructure is significant to the future growth of APEC economies, said Secretary-General of the Organisation for Economic Cooperation and Development (OECD) Angel Gurria.
International delegates at the APEC Finance and Central Bank Deputies’ Meeting (FCBDM) spoke highly of four priorities for APEC cooperation initiated by Vietnam in 2017.
The latest updates on the implementation of the Cebu Action Plan (CAP) and activities of the APEC economic committee as well as financial cooperation progress will be the highlight of the APEC 2017 Finance and Central Bank Deputies’ Meeting opened in Quang Nam on October 20.
The State Bank of Vietnam (SBV) has issued a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020.
Hundreds of thousands of retail points in Japan are accepting payments in bitcoin for both online and on-the-spot transactions.
The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Vietnam to make term deposits in both VND and foreign currencies.
The State Bank of Vietnam is drafting a new circular that will allow non-residents with presence in the country to make deposits in both the Vietnamese dong and foreign currency at local banks without residency requirement.
The cross-border exchange of credit information is critical to promoting the quality and efficiency of investment and business activities of all APEC member economies, an official of Vietnam’s central bank said.
Following recent complaints that several banks in Vietnam have stopped providing ATM services at night, the State Bank of Vietnam (SBV) has ordered all banks nationwide to provide ATM services 24/7.
The first APEC Senior Officials Meeting (SOM1) kicked off in Nha Trang city, south central Khanh Hoa province, on March 2, with the attendance of delegates from 21 member economies of the Asia-Pacific Economic Cooperation (APEC) Forum.
The APEC Finance and Central Bank Deputies’ Meeting (FCBDM) successfully concluded in Nha Trang city in the central coastal province of Khanh Hoa on February 24 after two days of working.
The APEC Finance and Central Bank Deputies Meeting (FCBDM) finished the first working day in Nha Trang city, in the central province of Khanh Hoa on February 23.
The first Senior Officials’ Meeting of APEC (SOM1) and related meetings in 2017 will be organised in Nha Trang city, the south central province of Khanh Hoa, from February 18 to March 3.
The State Bank of Vietnam revealed recently that it would continue to keep bank lending interest rates unchanged from last year’s levels.
The State Bank of Vietnam (SBV) will control inflation under 4% and stabilise the macro economy to reach a GDP growth of 6.7%, as well as ensure a safe operation for the banking system, a high ranking official of the central bank said.
Vietnam will step up the restructuring of the banking sector this year but this process will require certain regulations to be revised to create a favorable legal framework, the governor of the State Bank of Vietnam (SBV) said.
It is time for the central bank to loosen its control over gold imports as a shortage of gold material in the domestic market has led to adverse consequences, the Vietnam Gold Trading Association (VGTA) said.
Malaysia’s central bank has announced measures to increase demands for the ringgit and bring down the vulnerability of the domestic currency against the US dollar.
The Central Bank of Malaysia (BNM) has announced that as of October 14, the country’s foreign currency reserves reached 405.6 billion ringgit (US$97.32 billion).
A State visit to Vietnam by Iranian President Hassan Rouhani from October 5-7 is set to solidify cooperation between Iran and the Southeast Asian nation.