Standard bank dunes xtrail

At the workshop (Source: VNA) Hanoi (VNA) - Experience  in applying International Financial Reporting Standards (IFRS) from Japan, the Republic of Korea (RoK), the US, Malaysia and China was shared at a workshop in Hanoi on May 28. Jointly organised by the Ministry of Finance and the Japan International Cooperation Agency (JICA), the event also aimed to collect comments on the draft project on application of IFRS in Vietnam, thus rolling out orientation for the process in the country. Vu Duc Chinh, Director of the Accounting and Auditing Policies Department (AAPD) under the Ministry of Finance, said in the strategy until 2020, Vietnam’s accounting and auditing sector will approach international practices. Over the past 10 years, Vietnam issued 26 accounting standards, but they have exposed many shortcomings, requiring the Ministry of Finance to build a new standard system, he said.   However, the application of IFRS should be suitable to Vietnam’s … [Read more...] about Workshop discusses application of int’l financial reporting standards

The textile and garment industry, aiming to take advantage of free trade agreements (FTAs) with a focus on green manufacturing, is upbeat about earning US$60 billion from exports by 2025. Last year the industry earned $36 billion in exports, up 16 per cent year-on-year, making the country one of the world’s three biggest exporters of textiles and apparel, according to the Viet Nam Textile and Apparel Association (VITAS). Vu Duc Giang, chairman of VITAS, said the association this year set a target of $40 billion in exports, up 11 per cent year-on-year. Speaking at the 2019 Global Textile and Apparel Supply Chain Conference held last week in HCM City, Giang said the industry was expected to enjoy a trade surplus of $20 billion, and employ 2.85 million workers. Textile enterprises have seen positive signs for orders this year, he said. “Many businesses have already received orders for the first six months of 2019 and even for the entire year,” he said. Because of … [Read more...] about Vietnam’s textile industry aims for green standards

Community CTBC Bank shares joys with orphaned children The Saigon Times Daily Tuesday,  Dec 10, 2019,15:21 (GMT+7) CTBC Bank shares joys with orphaned childrenThe Saigon Times Daily CTBC Bank volunteers visit Duc Quang Orphanage in Ben Tre Province - PHOTO: COURTESY OF CTBC BANK HCMC – The HCMC branch of CTBC Bank has organized a charity event for orphans in the Mekong Delta province of Ben Tre to celebrate Christmas and New Year. The bank spent VND116 million (about US$5,000) organizing games and buying in-house equipment, milk, nappies and food for around 110 children at Duc Quang Orphanage in Long Hoa Commune, Binh Dai District on December 7. Last year, CTBC Bank also organized a similar charity event at Xuan Tam Orphanage in Dong Nai Province with a fund of VND93 million. Share with your friends:          … [Read more...] about CTBC Bank shares joys with orphaned children

Participants listen to Phan Thi Thu Hien, director of the Department of Banking and Financial Institutions under the Ministry of Finance, review the ten-year operation of Viet Nam's G-bond market. — VNA/VNS Photo Thuy Duong Viet Nam’s Government bond (G-bond) market would become a safe, effective and highly lucrative investment mechanism for commercial banks, insurance networks, investment funds and foreign investors. The statement was made by Phan Thi Thu Hien, director of the Department of Banking and Financial Institutions under the Ministry of Finance, during a conference to review the ten-year operation and development of the G-bond market in Ha Noi on Tuesday. “The goal for the next five years is to meet the demand to raise capital for socio-economic development as official development assistance (ODA) and preferential loans decrease,” Hien said. To achieve this goal, Hien said the Government needed to connect capital mobilisation through G-bonds with the … [Read more...] about G-bond market aims to become a safe and effective investment tool

The World Bank (WB) had assessed hazardous solid waste management in Vietnam with the focus on urban areas. The WB is always willing to assist Vietnam in climate change response and environmental protection, Benoit Bosquet, the WB's regional director for sustainable development in East Asia and Pacific, said at a meeting with Deputy Minister of Natural Resources and Environment Le Cong Thanh in Hanoi on December 9. At the meeting, Benoit Bosquet praised the Vietnamese government for taking practical actions in climate change adaptation and environmental protection, adding that he believed the government and especially the Ministry of Natural Resources and Environment (MONRE) will achieve the targets. Currently, as the WB is assisting the MONRE in developing a project named "Renewing Vietnam’s national water governance", Benoit Bosquet stressed that he would do his utmost so that the project could be successfully concluded at the soonest possible. Regarding environmental … [Read more...] about WB willing to support Vietnam in climate change response and environmental protection