The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?
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Apart from successfully curbing the COVID-19 pandemic, Viet Nam has supported, cooperated, and shared experience in fighting the disease with other countries and international organisations, which has been greatly appreciated by the international community, the ministry said. … [Read more...] about S&P maintains stable outlook for Viet Nam’s sovereign credit rating
Hanoi (VNA) - Cambodia's largest commercial bank Acleda listed on the country's stock market on May 25, making it the first lender to trade on the exchange. Acleda Bank became the sixth firm to join the Cambodia Securities Exchange (CSX), which opened in 2011. The bank has been operating since 1993 and its assets reached 6.1 billion USD as of the end of 2019. Its Chairman and Managing Director In Channy said about 2,500 public investors became its shareholders on the day, opening a "new chapter" for Cambodia's financial sector. He also downplayed the risks of debuting on the CSX during the COVID-19 pandemic. Acleda's trading started at 16,200 riel (3.93 USD) per share and closed at 16,500 riel./. … [Read more...] about Cambodia bourse sees first bank listing
Statistics of the State Bank of Viet Nam showed that checkable deposits at payment accounts of individuals totalled VND476.5 trillion (US$20.5 billion) as of the end of March, nearly VND23.2 trillion lower than the end of 2019, or a quarter-on-quarter drop of 4.64 per cent. … [Read more...] about Checkable deposits see first decline since Q4, 2018
For railways, the main impact of digitalisation is on the model of operation. Technologies like AI, big data, cloud computing, and autonomous driving will impact the industry. These technologies are expected to create a new environment in which rail operators will need to be more agile, act more quickly, and change continuously in order to succeed in their mission amid stiffening competitions from rivals. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25