Việt Nam’s NFSC and the Republic of Korea’s FSC on Tuesday signed a Memorandum of Understanding on co-operation in financial supervision.
Moody’s has responded positively to the recent decision by the SBV regarding real estate loans but warned banks of greater pressure.
Thai banks are planning ambitious expansion in the context of increasing trade and investment between the two countries.
Vietnam has begun preparatory steps to compile its economic plan for 2017, with a GDP target of 6.8 per cent set.
Vietnam aims to turn itself into a regional financial hub to rival Hong Kong and Singapore after 2013.
Viet Nam will continue running a trade deficit in 2016 that will be under 5 per cent of total export revenue, the MoIT has forecast.
Vietnam’s textile industry is set to grow rapidly over the next 10 years as the Trans-Pacific Partnership trade agreement takes effect.
Vietnam has massive opportunities for attracting foreign direct investment, in particular, investment from the US.
Vietnam’s telecommunications industry has become the target of many large US firms.
Increased use of electronic payment products added US$880 million to Việt Nam’s Gross Domestic Product (GDP) from 2011 to 2015.
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