The SBV has also recently issued Decision No. 67/QD-NHNN on a digital transformation project aimed at deploying core utilities for the development of the banking sector, ensuring connection with Project 06. Under the project, the SBV requires financial institutions to use the national database on population, identification and electronic authentication for banking activities, thereby supporting digital transformation and enhancing the effectiveness of crime prevention.

Experts explored the root causes behind both the successes and failures of Vietnam’s bank restructuring efforts, while proposing practical measures to enhance their effectiveness going forward at a seminar in Ho Chi Minh City on April 11.

Indonesian President Prabowo Subianto launched two “bullion banks” on February 26 that will provide gold deposit services to help keep stocks of gold onshore as the country looks to develop its commodity sector beyond mining.

Thailand's central bank (BoT) has pledged to maintain a strong monetary policy framework amid rising global uncertainty, particularly as new policies are expected to be introduced in the US.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,337 VND/USD on January 6, up 3 VND from the last work day of the previous week.

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.

Permanent Deputy Prime Minister (PM) Nguyen Hoa Binh received Kim Sung-tae, Chairman and CEO of the Industrial Bank of Korea (IBK) at the National Innovation Centre in Hanoi on November 21.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,168 VND/USD on October 9, unchanged from the previous day.

Many banks have recently poured thousands of billions of Vietnamese dong into green projects.

Singapore’s Ministry of Trade and Industry (MTI) on August 13 raised its 2024 growth forecast to 2%- 3% from its range of 1% to 3%.

Bank bond issuance has surged to 96.2 trillion VND this year, a surge of 140% from last year, according to MB Securities (MBS).

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,256 VND/USD on August 13, unchanged from the previous session.

Overseas remittances to Ho Chi Minh City reached nearly 5.2 billion USD in the first half of 2024, equivalent to 54.7% of last year's figure and up 19.5% year-on-year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam (SBV)'s HCM City branch.

The inability to get loans without collateral is one of the main hurdles to doing business for small and medium-sized enterprises (SMEs) during difficult economic situations.

According to Fitch Ratings Thailand, driven by the growth potential of ASEAN economies, large local banks in the country are likely to see significant opportunities to expand their regional business and enhance their revenue prospects.

Malaysia and Cambodia on February 27 agreed to establish a Joint Trade Committee (JTC) this year to explore cooperation potential in trade, investment and tourism that will benefit both countries, Malaysian Prime Minister Anwar Ibrahim said.

2023 continues to be a tough year for the world economy as COVID-19 pandemic has still taken heavy tolls while a series of new challenges have emerged, including geopolitical conflicts, tight monetary policies in major economies and world economic slowdown.

The Asian Development Bank (ADB) has forecast Vietnam's Gross Domestic Product (GDP) at 6% for 2024, according to the Asian Development Outlook (ADO) released on December 13.

Singapore’s financial regulator will conduct an on-site inspection of Credit Suisse Group AG after at least one of its customers was charged for money laundering in a scandal that has rocked the city-state.