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Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks should tighten assessment controls of their corporate bonds investments – experts

Ilustrative image (Photo: https://www.theedgemarkets.com/) Kuala Lumpur (VNA) - Big data can support over 100 billion USD  worth of opportunities in Southeast Asia, particularly across the five focus countries, namely Cambodia, Indonesia, Myanmar, the Philippines, and Thailand, according to an report released by the Asian Development Bank (ADB) on August 17. The  report “Harnessing the Potential of Big Data in Post-Pandemic Southeast Asia” said big data holds immense potential in fast-tracking post-COVID-19 economic recovery in Southeast Asia, with benefits in public health, social welfare and protection, and education. It finds that that the use of digital technologies to provide personalised and remote learning and job matching can contribute an estimated 77.1 billion USD annually to the gross domestic produc (GDP) of Southeast Asian countries by 2030. According to the report , the use of analytics to direct highly targeted health interventions for at-risk … [Read more...] about Big data can support over 100 billion USD worth of opportunities in Southeast Asia: ADB

Ilustrative image (Photo: Xinhua) Hanoi (VNA) - Singapore's non-oil domestic exports ( NODX ) expanded 7% year-on-year in July, with June's growth revised down to 8.5% from 9% previously, Enterprise Singapore , a government agency, reported on August 17. This is the 20th consecutive month for Singapore's NODX to grow year on year. The electronic NODX increased by 10.3% year-on-year in July, following a 4.1% increase in June. Meanwhile, the non-electronic NODX in July expanded by 6.1% compared to the same period last year. On a month-on-month seasonally adjusted basis, Singapore's NODX increased by 1.4% in July to 17.8 billion SGD (12.9 billion USD), after the previous month saw a 3.2% growth. The country’s non-oil re-exports (NORX) grew by 25.2 % year-on-year in July, following a 31.4% expansion in the previous month. Both electronic and non-electronic NORX saw an increase. Its oil domestic exports in July surged by 97.1% compared to the same month last year, and … [Read more...] about Singapore’s non-oil domestic exports expand by 7% in July

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 17. – Prime Minister Pham Minh Chinh reaffirmed the importance of developing high-quality human resources for agriculture, while attending an innovation event and job fair of the Vietnam National University of Agriculture (VNUA) in Hanoi on August 17. The Government leader and others visited an exhibition of scientific and technological models and products by the VNUA’s businesses and partners. Read full story – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture, Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19. The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. Read full … [Read more...] about ☕ Afternoon briefing on August 17

At the event (Photo: VNA) HCM City (VNA) – The 15th Saigon International Autotech & Accessories Show (Saigon Autotech & Accessories 2019) opened at the Saigon Exhibition and Convention Centre on May 23. More than 200 enterprises from China, Japan, Malaysia, the Republic of Korea, Thailand, the US, and Vietnam, among others, are displaying their latest products at the four-day event. The show is attended by leading autotech brands like Vietnam Motors and Agricultural Machinery Corporation (VEAM) who have brought their tank trucks and agricultural machines, as well as Tech Internation displaying tyre products, Power Centric showcasing smart batteries, and Palfinger Asia introducing its crane vehicle services. According to Phan The Anh, deputy head of the Ministry of Industry and Trade’s Agency for Southern Affairs, Vietnam has implemented a wide range of policies to back the development of the supporting industry. While the supporting industry for automobile and … [Read more...] about Saigon Autotech & Accessories show returns for 15th edition

Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks shouls tighten assessment controls of their corporate bonds investments – experts