Sonali bank foreign exchange rate

The Government will decide the location of the soon-to-be-established Vietnam Stock Exchange (VNSC) in either Hanoi or HCM City, a National Assembly (NA) deputy chairman said on Monday. Delegates attend the NA’s Standing Committee which convened its 37th session on Monday. Deputy chairman Phung Quoc Hien made the remark after a question on the VNSC’s headquarters spurred debate among deputies of the NA’s Standing Committee which convened its 37th session on Monday. Scrutinising one of the draft amendments to the Law on Securities which attempted to place the VNSC at “Viet Nam’s financial centre”, a number of deputies questioned where Viet Nam’s financial centre was. “It is not an easy question to answer,” Hien said. It is widely expected that the VNSC’s headquarters would be in either Hanoi or HCM City – the two biggest financial hubs in the country, but the final decision is still up in the air. Hien asked … [Read more...] about Government to decide on Vietnamese Stock Exchange headquarters

Digital is fundamentally changing banking in Vietnam and transforming the industry's competitive landscape. Customers and clients are increasingly comparing their banking experiences with their “best-of-life” experiences, as banking should be as easy and as seamless as hailing an online taxi. As a result, banks are significantly accelerating their speed to market with new digital products, features, and capabilities by deploying new technology and using an agile operating methodology to do so. Citi, for example, spends over $8 billion on technology every year A digital leader, Citi comes at this from many different angles, actively building, partnering, and buying capabilities as it makes sense to create the most compelling value propositions and solutions for our customers and clients. This means smartly investing in digital capabilities and rolling out new apps to ensure it offers clients the best digital and mobile banking experience. Being relevant in key digital … [Read more...] about VN banks undergoing digital transformation

On March 9 in Hanoi, Deputy Prime Minister cum Foreign Minister Pham Binh Minh held talks with Foreign Minister of the Republic of  Korea (RoK) Kang Kyung-wha on measures to further promote the Vietnam-RoK strategic cooperative partnership as well as regional and international issues of shared concern. The two sides reviewed the achievements of the bilateral ties, especially since Vietnam and the Republic of Korea established their strategic cooperative partnership in 2009. The leaders consented to enhance cooperation between the two Foreign Ministries and two countries, stabilize economic, trade, and investment ties, and foster mutual understanding between the two peoples. Both FMs agreed to work closely in multilateral mechanisms, and applauded efforts to promote dialogues and peacefully settle the Democratic People’s Republic of Korea’s nuclear issue. They also voiced support for maintaining peace and security, and resolving conflicts in the East Sea peacefully in … [Read more...] about Vietnamese, RoK Foreign Ministers hold talks

Vietnamese Foreign Ministry spokesperson Le Thi Thu Hang (Source: VNA) Hanoi (VNA) – The visit to Vietnam by US Secretary of Defence Mark Esper on November 20-21 aims to deepen the bilateral defence ties in a practical and effective manner, said Vietnamese Foreign Ministry spokesperson Le Thi Thu Hang. The visit looks to promote the implementation of defence cooperation agreements signed between the two defence ministries and officials of the two countries, towards strengthening the Vietnam-US Comprehensive Partnership, Hang said at the ministry’s regular press conference on November 21 in Hanoi in response to reporters’ questions about results of the Vietnam-US cooperation. She said that the comprehensive partnership has developed in many fields in recent times, including security and defence cooperation. The two sides have continued promoting bilateral defence link, including maritime security cooperation and enhancement of maritime law enforcement … [Read more...] about Vietnam, US look to further defence ties: Foreign Ministry spokesperson

The International Finance Corporation (IFC) remains a major shareholder of Vietinbank with a nearly 6.5% stake. The International Finance Corporation (IFC), a member of the World Bank Group, has sold nearly 57.4 million shares or a 1.54% stake at state-run Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietinbank), according to a filing to the Ho Chi Minh City Stock Exchange (HoSE). Specifically, the IFC sold 18.14 million shares to reduce its holding in Vietnam’s third-largest bank by market value from 2.63% to 2.14%, while IFC Capitalization Fund offloaded 39.22 million shares, cutting its ownership to 4.34% in the Vietnamese lender from the previous 5.39%. In a trading session on November 13, nearly 57.4 million shares of Vietinbank were purchased by foreign investors for VND1.23 trillion (US$52.96 million). Another 29 million shares of the bank worth VND612 billion (US$26.35 million) were also acquired by foreign investors on the same day. Last year, Bloomberg … [Read more...] about IFC divests stake at Vietnam’s state-run Vietinbank