Hotel 31 new york

Bank Indonesia Governor Perry Warjiyo speaks at a high-level seminar entitled ‘From ASEAN to The World’ and themed ‘Payment System in the Digital Era’ in Badung, Bali on March 28, 2023. (Photo:ANTARA) Jakarta (VNA) – The ASEAN Central Bank Deputies Meeting (ACDM) took place on March 28 in Indonesia to discuss the priority economic deliverables (PEDs) in 2023. The meeting was held as part of the first Meeting of the ASEAN Finance Ministers and Central Bank Governors (AFMGM), which is taking place from March 28 to 31, 2023. The event saw the participation of deputy governors and central banks’ representatives from nine member states, namely the Monetary Authority of Singapore, the Central Bank of Malaysia (BNM), the Bank of Thailand (BOT), the Bangko Sentral ng Pilipinas (BSP) of the Philippines, the Bank of the Lao PDR (BOL), Brunei Darussalam Central Bank (BDCB), the National Bank of Cambodia (NBC) and the State Bank of Vietnam (SBV). Speaking at the opening ceremony, … [Read more...] about Central banks in ASEAN discuss economic priorities

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered

At last week’s AGM, privately-held Nam A Bank signalled its ambition to expand its footprint in the international market by establishing a wholly-owned commercial bank, or to set up a branch in a foreign country. Banks expanding share over borders, illustration photo/ Source: Nam A Bank This is part of the bank’s long-term strategy to diversify revenues, capitalise on other prospective foreign markets, and build a robust banking ecosystem. “This plan is in line with the upward trajectory of other financial institutions in a bid to support Vietnamese businesses in their international trade and investment activities,” said a bank representative. “We haven’t decided the exact location, but our target would be focused on the Asian market first.” Regarding its domestic network, Nam A Bank targets to open at least 20 new branches and transaction offices in various localities, such as Quang Ninh, Nghe An, Dak Nong, Binh Thuan, and Long An provinces. The bank’s AGM also … [Read more...] about Banks expanding share over borders