Don Lam, co-founder and CEO of investment fund VinaCapital, said the COVID-19 crisis exposed serious weaknesses in many supply chains around the world, and the WTO predicts that the pandemic to cause a 30 per cent fall in global FDI flows. The world has in fact been slowly de-globalising since the financial crisis of 2008, he said. … [Read more...] about Vietnam expects imminent new wave of foreign investment
Vietnam stock market
Vietnamese banks to continually cut costs to aid COVID-19 affected firms
For Tien Phong Commercial Joint Stock Bank (TPBank), after increasing the number of employees in the first four months of 2020, the bank said it would stop recruiting new employees and not increase salaries for employees this year. In the current difficult context, it was necessary to reduce costs and increase productivity in order to meet the development needs. … [Read more...] about Vietnamese banks to continually cut costs to aid COVID-19 affected firms
Banks to cut costs to aid COVID-19 affected firms
For Tien Phong Commercial Joint Stock Bank (TPBank), after increasing the number of employees in the first four months of 2020, the bank said it would stop recruiting new employees and not increase salaries for employees this year. In the current difficult context, it was necessary to reduce costs and increase productivity in order to meet the development needs. … [Read more...] about Banks to cut costs to aid COVID-19 affected firms
Gold price surge here for long haul
The allure of precious metals highlights the market volatility, in which stocks, bonds, and other instruments swing wildly as investors weigh up the latest crisis developments. Investors are maintaining bets on gold and silver as geopolitical uncertainty lingers. Another concern is that printing and spending large amounts of money will devalue global currencies, another trend driving bullish wagers on gold. … [Read more...] about Gold price surge here for long haul
