Eurozone gdp growth rate

About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 19

Since August, Vietnam’s export sector has started to feel the devastating effects of the pandemic and strict social distancing measures in many localities nationwide plus the disruption of supply chains and production. According to a report by the Ministry of Industry and Trade (MIT), Vietnam’s export sales in August 2021 were estimated at US$26.2 billion, a decline of 6% from July. Of this, the domestic sector gained US$6.94 billion, down by 9.7% from the previous month, while the foreign investment sector—including crude oil—reached US$19.26 billion, down by 4.5%. Compared with the same period of last year, August export value fell by 5.4%, of which the domestic sector saw a drop of 13.9% and the foreign investment sector, including crude oil, suffered a slight decline of 1.9%. During the Jan. – Aug. period, goods export sales reached US$212.55 billion, a rise of 21.2% year on year. Also in August, the annualized revenues of the three key export groups all dropped, of … [Read more...] about Export begins suffering from Covid-19

Illustrative image (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate on September 20 at 23,132 VND/USD, up 13 VND from the last working day of previous week (September 17). With the current trading band of +/- 3 percent, the ceiling rate applicable to commercial banks during the day is 23,825 VND/USD and the floor rate 22,438 VND/USD. The opening hour at commercial banks stayed stable. At 8:25 am, Vietcombank listed the buying rate at 22,640 VND/USD  and the selling rate at 22,870 VND/USD, unchanged from September 17. BIDV also kept both rates unchanged at 22,670 VND/USD (buying) and  22,870 VND/USD (selling). Similarly Vietinbank maintained both rates at the same level as on September 17 at 22,650 VND/USD  (buying) and 22,870 VND/USD (selling). The reference exchange rate fluctuated variably during the week from September 13-17, ending up 6 VND from the rate on the beginning of the week./. VNA … [Read more...] about Reference exchange rate up 13 VND at week’s beginning

Vietnam was elected twice as a non-permanent member of the UN Security Council. Vietnam has undergone a journey of 44 years since its admission to the United Nations with so many changes to become a global reliable and responsible member. A UN General Council meeting on Sept 20, 1977, adopts the admission of Vietnam. Photo: VNA On Sept 20, 1977, Vietnam became the 149th member of the world’s largest international organization with some main bodies namely the General Assembly, the Security Council, the Economic and Social Council, the Trusteeship Council, the International Court of Justice, and the Secretariat. In 2019, for the second time in history, Vietnam became a non-permanent member of the United Nations Security Council (UNSC) for the 2020-2021 term by a near-unanimous vote (192 out of 193 member states). Its first time took place in 2008-2009. “The UNSC stint will spotlight Hanoi’s approach to the world,” Dr. Prashanth Parameswaran wrote for The … [Read more...] about Vietnam’s admission to UN: 44-year journey of a reliable global member

The three localities with the highest number of new cases were Ho Chi Minh City with 5,171 cases, Binh Duong with 1,410 cases and Dong Nai with 869 cases. Of the day's tally, 6,154 cases were detected in the community. The new cases pushed up the domestic tally in the current wave to 691,286. The health ministry also confirmed 6,821 discharges the same day, bringing the total tally of recovered cases so far to 464,326. 215 deaths were announced Monday, raising the death toll to 17,305, or 2.5 percent of infections. The average number of new cases in the country for the past seven days has been 10,160 a day while the national death rate over the past week has been 234 a day on average. Over 34.55 million people have received at least one Covid-19 vaccine shot, in which 6.64 million people have been fully vaccinated. … [Read more...] about Vietnam records 8,668 new Covid-19 cases

Illustrative image (Photo: Reuters) Bangkok (VNA) - The Thai Customs Department is preparing to reduce import duty on alcoholic beverages and cigars by 50 percent for five years in line with the government's economic stimulus and investment promotion package. The cuts are in accordance with the September 14 cabinet resolution involving plans to revive the post-COVID-19 economy by encouraging wealthy foreigners and highly skilled professionals to stay and work in the country, the Bangkok Post quoted Patchara Anuntasilpa, director-general of the department, as saying The programme is hoped to attract more than 1 million qualified people to Thailand over the next five years and generated around 1 trillion baht (30 billion USD) during the period. Cuts in import duties will be part of the mix. Thailand estimates that the group is expected to spend on average 1 million baht (nearly 30,000 USD) per person per year while living and working in the country. Benefits in the … [Read more...] about Thailand strengthens incentives to attract foreigners