Hanoi (VNA) – The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders. The sector will become more attractive to European investors than ever before as Vietnam has pledged to allow them to hold up to 49 percent of charter capital at two Vietnamese banks. The maximum rate of foreign ownership is now capped at only 30 percent. The offer will be applicable to only joint stock banks, excluding BIDV, Vietinbank, Vietcombank and Agribank, in five years. European credit institutions must comply with Vietnam’s regulations on procedures for mergers and acquisitions, as well as safe and competitive conditions, comprising limits on shareholding rate for individual and institutional investors on the basis of national treatment. Currently, … [Read more...] about Banking sector to cash in on benefits from EVFTA
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A doctor checks Nguyen Van V., the last patient being treated for the new coronavirus in Vietnam to date. He will be released from hospital soon – PHOTO: VNA HCMC – The last of the 16 people being treated for the new coronavirus in Vietnam has tested negative twice for the virus, reflecting the effectiveness of Vietnam’s rigorous efforts to contain the Covid-19 disease and treat the infected. … [Read more...] about Sixteenth and last coronavirus patient in Vietnam tests negative twice
Evrard Bordier, CEO and managing partner of Bordier & Cie (Singapore), noted that MB Private represents a crucial evolution in the private banking industry. He is delighted that MB has chosen to work with Bordier in building its first wealth management unit. … [Read more...] about MB launches wealth management arm
Like many of Vinh’s friends, 20 of Hien’s have also returned to Vietnam since February 20 as the number of Covid-19 cases rose day after day. Some were even willing to postpone their study plans in case the epidemic got out of control in South Korea. … [Read more...] about Vietnamese in South Korea face dilemma: stay put or bail out?
"Shincheonji contributed significantly to the sharp rise in the number of patients in Korea," Won Suk-choi of the division of infectious diseases at the Korea University College of Medicine, told the BBC, but he also warns that "the situation Korea is currently experiencing can happen anywhere in the world". … [Read more...] about Coronavirus: Why did infections shoot up South Korea?