First national savings bank

The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050. The banking sector, as a key capital mobilization channel for the economy, is responsible for  “greening” investment capital flows for Vietnam to ensure the goal of sustainable development. Overview of the conference. Source: SBV Vice Governor of the State Bank of Vietnam Pham Thanh Ha made the remarks at a conference themed “Greening the Financial Sector: Accelerating transition to a low-carbon economy in Vietnam” held today [September 21]. According to Ha, Vietnam has historically maintained very low greenhouse gas (GHG) emissions. In absolute terms, Vietnam's GHG emissions reached 364 million tons of carbon dioxide (CO2) in 2018, constituting a mere 0.8% of the world's total emissions. However, over the past two decades, the country has experienced the fastest … [Read more...] about Greening finance accelerates Vietnam’s SDG implementation

Illustrative image (Photo: www.investing.com) Hanoi (VNA) - The Thai government plans to borrow about 2.4 trillion THB (nearly 66.65 billion USD) for the 2024 fiscal year starting October 1, up about 9% from the current year, according to market sources briefed by the Ministry of Finance. More than 700 billion THB of the total will be fresh borrow ing to finance the budget deficit, and about 1.7 trillion THB will be earmarked for refinancing and restructuring existing debts . About half of the funding sought will be raised through government bond sales, while the rest will be financed via treasury bills, savings bonds, bond switches and promissory notes. The government plans to sell up to 272 billion THB of government bonds in the last quarter of this year. The new cabinet of Thailand approved higher budget spending of 3.48 trillion THB for fiscal year 2024, along with a larger budget deficit of 693 billion THB, to revive the economy. According to Thai … [Read more...] about Thailand to borrow over 66 billion USD for fiscal year 2024

RYNAN Technologies JSC wins the first prize in the Qualcomm Vietnam Innovation Challenge 2023 for its smart insect monitoring system. — Photo courtesy of the organiser Qualcomm Technologies Inc, a subsidiary of Qualcomm Inc, has announced the top three winners of the third season of the Qualcomm Vietnam Innovation Challenge (QVIC). RYNAN Technologies JSC, which designs and makes a smart insect monitoring system, won first prize. XB Technology Company Limited won second prize with its drone delivery based on cellular connectivity, and Benkon Corp, with its energy saving solution for air conditioners, won third prize. They won cash prizes of US$100,000, $75,000 and $50,000, respectively. QVIC 2023 attracted the participation of 141 companies around the country, which was the highest number of applicants in the programme's history. A jury of experts chose 10 shortlisted companies in February this year based on unique innovation, technology differentiation and localisation, … [Read more...] about Winners of Qualcomm Vietnam Innovation Challenge 2023 announced