STANDARD CHARTERED EXPECTS VIETNAM’S RECOVERY TO STAY STRONG IN AUGUST
“The recovery may accelerate markedly in H2 as tourism reopens after a two-year closure. That said, rising global oil prices may have negative consequences on the economy,” said Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered Bank.
MORE BANKS ALLOWED TO HIKE REGISTERED CAPITAL
HCM City Development Joint Stock Commercial Bank (HDBank), Kien Long Commercial Joint Stock Bank (Kienlongbank) and Nam A Bank (NAB)recently obtained permission from the State Bank of Vietnam (SBV) for hiking their registered capital.
GREEN STANDARDS TOP POLICIES FOR FRESH FOREIGN VENTURES
Vietnam is becoming a destination for environmentally-friendly initiatives that can contribute to the circular economy. However, improvements from various sides will be necessary in order to lure truly sustainable investment.
VCCI CALLS FOR LAND LAW DRAFT REVISION
As the Ministry of Justice is gathering comments on a draft amending the Law on Land, the Vietnam Chamber of Commerce and Industry (VCCI) comments that the draft needs revisions to be legally consistent with the Law on Real Estate Business and Law on Housing.
IMPROVING EFFICIENCY OF NATIONAL SINGLE WINDOW
On August 15, General Director Nguyen Van Can of the General Department of Vietnam Customs (GDC) chaired a meeting on the implementation of the instructions of Permanent Deputy Prime Minister Pham Binh Minh, Chairman of the National Steering Committee on ASEAN Single Window, National Single Window and Trade Facilitation (Committee 1899) concluded at its 8th meeting session on August 5, 2022.
DIGITAL TRANSFORMATION BASIC TARGETS TO 2025
Vietnam has set basic targets in digital transformation to 2025, towards the development of digital government, digital economy, and digital society.
EXPORT GROWTH MAY BE SLOWER THAN EXPECTED IN Q2: HSBC
The main cause is a growth slowdown in the electronics industry, especially mobile phones. Samsung’s second-quarter results show that demand for consumer electronics is weakening, thus affecting smartphones, televisions and other segments.
BANKS SHOULD TIGHTEN ASSESSMENT CONTROL OF THEIR CORPORATE BONDS INVESTMENTS: EXPERTS
In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank.
