Japan customs regulations

In Viet Nam, Toyota reaches the sale of 96,000 vehicles last year, of which 44 per cent are assembled domestically with different models. — Photo courtesy of the firm Despite the efforts of Japan and Viet Nam, the participation of Vietnamese enterprises in the supply chain of supporting industry products of Japan is still limited. At the online trading session on supporting industry Vietnam and Japan 2022 on Tuesday, Vu Ba Phu, director of the Trade Promotion Agency from the Ministry of Industry and Trade (MoIT), said: “Over the years, supporting industry enterprises of Japan and Viet Nam has been improving its production capacity and participating more and more deeply in the global production chain.” Phu added that the number of enterprises operating in the supporting industry accounts for nearly 4.5 per cent of the total number of enterprises in the processing and manufacturing industry, creating jobs for more than 600,000 employees, accounting for 8 per cent of the total … [Read more...] about More local enterprises should supply the Japanese production chain in Viet Nam

A customer at an ABBank branch. The SBV said the extension of the credit growth quota will be implemented at an appropriate time and the adjustment will depend on the financial health of each bank. Photo ABBank HÀ NỘI — Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation. As demands for bank loans have increased rapidly this year after the pandemic has been controlled, banks have already used up most of their assigned quota this year. The banks have therefore proposed the State Bank of Vietnam (SBV) to appropriately expand their credit growth quota to continually lend to customers. Under the current regulations, the State Bank of Việt Nam (SBV) sets credit growth limits for each commercial bank at the beginning of the year depending on the bank’s health, including capital adequacy ratio, financial strength, risk governance and operational status. This was done to control credit growth of the entire … [Read more...] about Banks to have credit expansion at end-Q3 2022

Steven Jacob - Of counsel, Indochine Counsel The draft decree broadly applies to two types of technology: that used by credit organisations that act as banks according to the Law on Credit Institutions; and independently developed tech in the banking sector from financial institutions. While the draft applies to technology, there is a further restriction on which companies can participate in the sandbox, namely credit institutions and fintech companies that receive authorisation from the State Bank of Vietnam (SBV). Fintech in banking consists of innovative creations and current financial services on tech apps. Related companies are organisations that are not credit institutions, branches of foreign banks with authorisation to act in Vietnam, those which independently provide fintech or information cooperation with credit institutions, and foreign banks that provide fintech to the market. If a company is an eligible company as defined, it must also demonstrate that they … [Read more...] about Digesting fintech sandbox draft rules