THE ADVANCE OF FINTECH IN VIETNAM 2023 | ACCLIME VIETNAM
Thursday, 14th September 2023 | 5:00 PM.
The Sentry, D1, HCMC.
SINGAPORE IS VIETNAM’S SECOND LARGEST FOREIGN INVESTOR
Among the 143 countries and territories investing in Vietnam, Singapore is the second biggest source of foreign investment with 3,274 active projects worth US$73.5 billion. More investment capital from Singapore is expected to come to Vietnam as Singaporean Prime Minister Lee Hsien Loong arrived in Vietnam yesterday for a three-day official visit at the invitation of his Vietnamese counterpart Pham Minh Chinh.
VIETNAM, ROK STRENGTHEN TEXTILE COOPERATION
Seoul – The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation, KOFOTI announced on August 24.
VIETNAMESE FINTECH STARTUPS SECURE A MERE $6.2 MILLION FUNDING IN 1H/2023
According to a report by Tracxn, a global SaaS-based market intelligence platform, the fintech sector in Vietnam has experienced a significant downturn in funding throughout 2023, largely attributed to the lingering effects of the funding winter and the prevailing global macroeconomic uncertainty.
SCIENCE MINISTRY ISSUES ISO STANDARDS TO REALISE VN’S NET ZERO COMMITMENTS
The Directorate for Standards, Metrology and Quality under the Ministry of Science and Technology has issued International Standardisation Organisation (ISO) standards named TCVN ISO 14090:2020 that contain principles, requirements and guidelines to instruct organisations and sectors to adapt to climate change.
COMMERCIAL BANKS CONTINUE TO CUT DEPOSIT INTEREST RATES
In line with this trend, Military Bank (MB) has revised its rates downward by 0.1-0.2 percentage points per year as of 15 August 2023. Significantly, the 12-month term interest rate at MB has fallen to a mere 6.1 per cent per annum. This represents the lowest deposit rate within the banking system, and is even lower than the interest rate for the equivalent term at the four largest State-owned commercial banks: Vietcombank, VietinBank, BIDV, and Agribank.
TWO MINISTRIES TO LAUNCH EXCHANGE FOR LAND USE RIGHTS
The establishment of a land use right exchange is vital for the centralised management of the realty sector. The statement was made by Deputy Minister of Natural Resources and Environment Lê Minh Ngân at a governmental meeting on Monday.
TWO MINISTRIES TO LAUNCH EXCHANGE FOR LAND USE RIGHTS
What ministries had to do now to pave the way for the platform, Hà said, is to define its operational mechanics and its responsibilities towards businesses, set the criteria for their admission to the platform, and establish a mechanism under which data among platforms can be transferred.
