Surge of M&A deals expected in Vietnam’s banking sector

Surge of M&A deals expected in Vietnam’s banking sector
(VEN) - The State Bank of Vietnam (SBV) continues to facilitate banks’ voluntary mergers and acquisitions (M&A), aiming to form larger financial institutions with better governance and stronger finance. This is part of a 2016-2020 credit institution restructuring associated with handling bad debts, approved by the government.

Sharp increase in capital contributions and share purchases

Sharp increase in capital contributions and share purchases
(VEN) - According to the Ministry of Planning and Investment’s Foreign Investment Agency, in the first seven months of the year, Vietnam attracted more than US$20.2 billion in foreign direct investment (FDI). In particular, a strong increase was recorded in the value of capital contributions and share purchases by foreign investors.

US firms sign MoU on Da Nang investment

US firms sign MoU on Da Nang investment
US firms have inked three memoranda of understanding (MoU) on investment in hi-tech and information technology during a recent working trip to the US and Canada by Chairman of the municipal People’s Committee Huynh Duc Tho. 

US firms sign MoU on Da Nang investment

US firms sign MoU on Da Nang investment
US firms have inked three memoranda of understanding (MoU) on investment in hi-tech and information technology during a recent working trip to the US and Canada by Chairman of the municipal People’s Committee Huynh Duc Tho. 

DIV expects breakthroughs from FSMIMS project

DIV expects breakthroughs from FSMIMS project
(VEN) - The Deposit Insurance of Vietnam (DIV) recently put into application the results of the Financial Sector Modernization and Information Management System (FSMIMS) project in order to develop a modern information technology (IT) system, contributing to better protection of depositor interests and maintaining the sustainability of the financial system.

DIV expects breakthroughs from FSMIMS project

DIV expects breakthroughs from FSMIMS project
(VEN) - The Deposit Insurance of Vietnam (DIV) recently put into application the results of the Financial Sector Modernization and Information Management System (FSMIMS) project in order to develop a modern information technology (IT) system, contributing to better protection of depositor interests and maintaining the sustainability of the financial system.

Da Nang city to boost cashless transactions

Da Nang city to boost cashless transactions
The central city of Da Nang is making every effort to raise awareness on the benefits of cashless transactions as well as building financial and technical infrastructure for the future development of a cashless society.
 

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