An ANZ economist believes the country’s economic journey so far can provide good lessons for Cambodia, Laos and Myanmar.
VOV.VN - In response to the global banking crisis, the finance ministers of the G20 countries have agreed on stricter regulation of the banking system, with stronger capital requirements, says Dennis Hussey, CEO of ANZ Vietnam.
Vietnam is committed to opening the doors to foreign investors and improving market access, and unlocking its foreign exchange hedging market is what the country can consider to do first hand.
New Zealand Prime Minister John Key, who won praise for his economic stewardship after the global financial crisis, unexpectedly announced his resignation on December 5, saying it was time to leave politics after more than eight years in power.
ANZ is not selling its retail and wealth-management businesses in Vietnam, according to the bank’s branch in Hanoi.
The Australia and New Zealand Banking Group Limited (ANZ) successfully appealed to the State Bank of Vietnam to withdraw its Hanoi branch operating licence.
Many foreign banks have recently set up wholly-owned operations or opened new branches in Vietnam.
As a senior international banker who has spent years overseeing Vietnam’s economy and financial sector during a period of break-neck development, Dennis Hussey, the Greater Mekong Region head and CEO of ANZ Vietnam, has accumulated a deep understanding of Vietnam’s banking system.
VOV.VN - The State Bank of Vietnam (SBV) said on August 4 it has agreed in principle to allow Woori Bank headquartered out of the Republic of Korea (RoK) to open a wholly owned unit in the country.
Cash management solutions offered by banks can go the extra mile to help businesses manage costs, growth and profitability, not only in the domestic market but also with cross-border operations.
ANZ has been named the best trade finance bank in Vietnam in The Asset, a financial magazine for Asia's decision makers.
VOV.VN - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been honoured with three prestigious awards of the Asian Banker at the 17th Asian Banker Summit held in Hanoi recently.
In its recent "South by Southeast - Vietnam Q2 Update: Still Firm but Agriculture is a Soft Spot" report, ANZ writes that Vietnam remains the only Asian economy bucking the regional trade recession.
Vietnam’s GDP growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according to international banks.
ANZ Research is seeing fewer risks in the USD/VND exchange rate towards the end of 2016 and the green back is likely settling at VND23,000 a dollar in the last month of the year.
Three more schools have been opened in the Mekong Delta province of Hau Giang as part of Project 3E (Educate, Enrich and Employ), an educational community initiative funded by ANZ Bank and Saigon Children’s Charity (SCC).
Domestic commercial banks are finding it hard to look for foreign strategic partners due to difficulties in the financial market and the current rules on foreign ownership limits.
The Australia and New Zealand Banking Group Limited (ANZ) has recently honoured as the best trade finance provider in Vietnam , presented by the US-based Global Finance magazine.
The significant improvement in Vietnam’s business environment is expected to be the major reason which helps Vietnam obtain high economic growth rate in difficulties, and helps ‘the fish swim against the current’ as economists commented.
The formation of the ASEAN Economic Community (AEC) at the end of this year could create massive motivation for the Singaporean economy, experts say.