PwC Vietnam and Sacombank sign an agreement in HCM City on Tuesday. — Photo courtesy of SacombankViet Nam News HCM CITY — Sacombank has hired PwC Vietnam to help upgrade its asset-liability management framework. This is expected to help the bank manage liquidity risk and interest rate risk by identifying risk thresholds scientifically, clearly and optimally, build a liquidity risk management framework to maintain adequate liquidity ensuring the bank operates safely and continuously in all possible situations and developing models to improve the quality of asset-liability management. Hà Văn Trung, the bank’s deputy general director and director of finance division, and director of the asset-liability management project, said: “Sacombank is one of 10 banks selected by the State Bank of Việt Nam to pilot risk management in line with Basel II norms. “Besides, Sacombank is always aware and constantly researches and applies new solutions to … [Read more...] about Sacombank signs up PwC to create asset-liability management framework
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The event aims to provide a venue for international partners to meet export businesses operating across a range of fields such as plastics, rubber, paper, construction materials, and the supporting industry. It is hoped that the exhibition can help to improve the value of Vietnamese brands for domestic market development. At present, organisers and participating businesses have actively prepared to showcase cutting-edge products and technology at the event. Mr Luan said several foreign businesses from Algeria, India, Cambodia, Canada, the Republic of Armenia, Russia, Cuba, Taiwan (China), the Republic of Korea, Laos, Malaysia, Myanmar, Nepal, Japan and China have signed up to the event so far. Notably, the event offers businesses the opportunity to seek new clients and receive consultancy on aspects such as design, market demand, brand development and product packaging. Firms will be able to seek such advice through pavilions set up by the Korea Institute of Design Promotion in … [Read more...] about Vietnam Expo 2019 in line to boost value of Vietnamese brands
(VEN) - Forty-five years after establishing diplomatic ties and five years after upgrading bilateral relations to a strategic partnership, Vietnam and France are identifying opportunities to boost their relations to a new high commensurate with the traditions, potential and position of the two countries. The recent visit by Vietnam Communist Party General Secretary Nguyen Phu Trong to France contributed to deepening this relationship. Vietnam Communist Party General Secretary Nguyen Phu Trong (left) and French President Emmanuel Macron Photo: VNA Important partners The visit marked the first meeting of high-ranking leaders of the two countries since French President Emmanuel Macron took up office last year. It took place in the context of the 45th anniversary of Vietnam-France diplomatic ties and the fifth anniversary of their strategic partnership, and a key period of trade relations between Vietnam and the EU. In a joint statement issued following the meeting … [Read more...] about Vietnam, France sign multi billion dollar contracts
Despite the fact that the construction of Metro Line No.2 connecting South Thang Long and Tran Hung Dao has been delayed for ten years now, the Hanoi People’s Committee proposed the government to add VND16.1 trillion ($701.78 million) to the project, increasing its total investment capital to VND35.7 trillion ($1.56 billion). Metro Line No.2 has been delayed for 10 years (Illustration image) Approved in November 2008, the project is invested by Hanoi Metropolitan Railway Management Board (MRB) with the total investment capital of VND19.55 trillion ($857.5 million) by the Japan International Cooperation Agency (JICA). Under the approved plan, the metro line will be 11.5 kilometre long, nearly 9km of which will run underground and 2.6km above the surface. It consists of a 17.5-hectare depot in Xuan Dinh ward, North Tu Liem district, and ten stations, including three elevated and seven underground. The project was expected to come into operation in 2017, however, the … [Read more...] about Long delayed Metro Line No.2 may be added $701.78 million?
Taiwan’s Pou Chen Group is fulfilling all procedures to be certified and kick off the construction of its footwear R&D centre in the next months. The headquarters of Pou Chen Vietnam Enterprise Ltd. in Bien Hoa city Tan Tao Investment and Industry Corporation's (ITA) representative said that the footwear research and development centre will be deployed in Tan Tao Industrial Zone (Binh Tan district, Ho Chi Minh City). “The developer of this project has fulfilled all the procedures to be certified and start in the next months,” he said. Last year, IDEA Limited Company signed a contract to rent about 20 hectares of land in Tan Tao IZ with an estimated leasing fee of VND500 billion ($20 million) for this centre. The project may be divided into several phases, but in the first phase, IDEA will lease 6.5ha only. The project was received the investment certificate with total investment of $80 million at the end of 2017. Tsai Pei-Chun, chairwoman and CEO of Pou … [Read more...] about Pou Chen and Far Eastern projects at the starting line