The Ministry of Planning and Investment proposes that banks or credit institutions headquartered in international financial centres are not subject to foreign ownership restrictions or foreign investment conditions, when providing services in the centres or cross-border services
As Việt Nam is strongly attracting foreign investment, especially from large multinational corporations, the application of IFRS will streamline the corporations’ financial reporting processes, enabling seamless integration with their global operations.
In addition to growth drivers such as exports and consumption, raising capital is the key for Việt Nam to achieve the growth target of 8 per cent this year.
The Ministry of Planning and Investment (MPI) has proposed a controlled pilot programme for fintech activities, including digital asset and cryptocurrency trades at financial centres.
The UK is recognised as the second-largest exporter of financial services globally, while London serves as a global financial centre, hosting 170 banks and a multitude of fintech companies.
Financial technology (fintech) companies could be a great source of capital for small and micro enterprises, but a complete legal framework is needed to sustainably develop the capital channel, experts said.
The MPI stressed the importance of following a roadmap with detailed objectives such as the establishment and development of at least one financial centre in the city by the end of next year.
The United Vietnam ESG Equity Fund (UVEEF) of UOB Asset Management Vietnam (UOBAM Vietnam) is currently the first and only open-ended fund in the Vietnamese financial market that applies ESG standards to investment stocks.
Risk of information security is always lurking with the sector says the Director of the Department of Information Security under the Ministry of Information and Communications.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) received the Financial Large Cap Individual Investors’ Best Choice award at the 2024 IR Awards ceremony held in HCM City on September 24.
Việt Nam will keep boosting integration and regional financial connection in ASEAN, while promoting deeper links for the region with sustainable development and better resilience.
Companies should apply international financial reporting standards (IFRS) to improve transparency and increase the chances to expand globally, experts have said.