VOV.VN - With national demand for electricity growing by an estimated 10.6% in the 2016 to 2020 period, with further growth of 8.5% expected in the 2021 to 2025 period, and an additional 7% in the 2026 to 2030 period, the country is becoming an attractive market for both domestic and foreign energy investors.
Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.
Trade readiness improvements and economic dynamism are driving Vietnam’s trade growth potential.
Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.
Vietnam ranks sixth out of 66 economies with the greatest trade growth potential due to its improving trade readiness, a study says.
The State Bank of Vietnam (SBV) has given the go-ahead approving the eligibility of the Republic of Korea’s Woori Bank to establish five branches in Vietnam.
Vietnam is expected to remain the fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) in the near term, with 2019 growth projected at 6.9%, Standard Chartered said in its latest macroeconomic research report.
VOV.VN - Cash remains the dominant payment method in Vietnam amidst rising alternative electronic means of payments, according to a newly-released report by Standard Chartered.
Digitalisation and overseas expansion are deemed as the best new strategies for medium-sized companies in Vietnam and other ASEAN member states to promote economic growth in the context of drastic market changes, Standard Chartered Bank said in its reported announced on April 22.
In response to climate change, and to rigorously fulfill its role in promoting the nation’s economic development goals through credit lending activities, the local banking sector is required to take up green and sustainable banking practices in a more serious manner.
Standard Chartered Bank has recently released a forecast, saying Vietnam remains the fastest-growing ASEAN economy, and it continues to expect Vietnam’s robust GDP growth of 7% in 2018, driven by strong FDI-supported electronics manufacturing and rising consumption.
Prime Minister Nguyen Xuan Phuc hosted a dialogue on September 12 with about 20 leaders of multinational corporations who are in Vietnam to attend the 2018 World Economic Forum on ASEAN (WEF ASEAN).
Standard Chartered Bank expects Vietnam’s rapid growth of 7% year-on-year in 2018, higher than its previous forecast of 6.8%, with all domestic engines firing together.
The funds managed by Alp Asia Finance have become a shareholder of Asia Commercial Bank (ACB) since May 7, holding a 10% stake of the bank. Whistler Investments Limited and Sather Gate Investments Limited both have 102.2 million ACB shares, each of which holds 51.1 million.
The number of 100% foreign owned banks in Vietnam has increased by twofold in the last two years to nine.
The Standard Chartered Bank (Vietnam) Limited has raised more than US$74,000 from the “Cycling for tomorrow light” programme for its eye care programme entitled “Light is belief.”
HSBC, Standard Chartered and BNP Paribas are just some of the institutions that have joined a mass exodus.
2018 is slated to be a positive year for the Vietnamese dong, thanks to Vietnam’s stable macroeconomics and strong capital inflows. However, analysts differ on how strong Vietnam’s currency will be at the end of the year.
Standard Chartered Vietnam in Ho Chi Minh City on January 17 issued a global economic report, forecasting that Vietnam’s GDP will expand 6.8% in 2018.
When banks work with technology companies or startups, what often comes out are fintech products or services that can offer customers convenience and control over their financial lives.