A developed financial hub would attract investment capital inflows which then pour into both governments’ and enterprises’ projects and industries in need of capital. This movement allows enterprises to access abundant capital sources and helps cut capital costs. What’s more, the attraction of foreign investment also helps increase a nation’s foreign reserves. Last but not least, a dynamic financial center would become a magnet to global financial companies that arrive to set up their headquarters and connect domestic financial activities to the rest of the world. … [Read more...] about A financial hub too far
Financial industry sectors
After recording an after-tax profit of VND206 billion in 2019, an increase of 249% from 2018, ITA expects VND271 billion of such profit this year, up 32%. It has come up with a plan to complete the legal procedures for 230 hectares of Tan Duc Industrial Park within this year and a plan to develop an industrial park stateside. Remarkably, Board Chairwoman Dang Thi Hoang Yen has shown up for the first time in many years at a recent online meeting of shareholders. Given its positive progress in corporate restructuring, plus the sector the company is active in currently benefiting from international investment shift, it is understandable that ITA has been a powerful magnet for cash flows. … [Read more...] about Vietnam’s current growth stocks
Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
Speaking at 'Cashless Society: Implementing Policies, Look to the Future' last week, Pham Tien Dung, director of the State Bank of Viet Nam (SBV)’s payment department, said with the Government’s strong push, non-cash transactions have increased sharply in recent years. … [Read more...] about Govt to keep pushing for cashless payment
“Phu Yen is rapidly evolving and so is our partnership,” said Ousmane Dione, World Bank Country Director for Vietnam. “We are excited to expand our support for Phu Yen’s efforts to build a sustainable marine economy and boost regional economic integration.” … [Read more...] about World Bank, Phu Yen enter into strategic partnership