World bank

According to the central bank, inclusive finance has become a common vision around the world. Up to now, more than 60 countries have developed and implemented a comprehensive national financial strategy. Many countries have come up with innovative solutions in financial technology, focusing on reducing costs and improving the safety and convenience of financial services. … [Read more...] about SBV tells banking industry to develop an inclusive finance system

Hanoi (VNA) – The Philippines has so far secured a total of 8.83 billion USD in borrowings, loans and grant assistance for the government's COVID-19 response efforts from its development partners and the commercial markets, China’s Xinhua News Agency reported. The Philippine Department of Finance (DOF) said on September 6 that of the total amount, 5.98 billion USD  is budget support financing from the Asian Development Bank, the World Bank, the Asian Infrastructure Investment Bank, the French Development Agency and the Japan International Cooperation Agency. A total of 2.35 billion USD was sourced from the government's latest global bond offering that fetched its lowest ever coupon in the USD market, the DOF added. The DOF said the remaining 496.36 million USD is from grant and loan financing from the Philippines' development partners for various COVID-19 specific projects. Finance Secretary Carlos Dominguez said that total government borrowings for 2020 and 2021 … [Read more...] about Philippines secures over 8.8 bln USD for COVID-19 response

Sheila Warren, Head of Blockchain, Digital Assets and Data Policy at the World Economic Forum, said: “Collaborations between the public and private sectors in the exploration of Central Bank Digital Currencies can help central banks better understand the range of technology possibilities and capabilities available with respect to CBDCs. Central banks can benefit from support in exploring the option set available to them with respect to CBDCs, as well as gaining insight into what opportunities may be forthcoming.” … [Read more...] about Mastercard launches central bank digital currencies (CBDCs) testing platform

Lai Xuan Thanh, chairman of the Airports Corporation of Vietnam that manages 22 airports, said the aviation industry in Vietnam seems to be better off than many others in the world, and local airlines could survive the pandemic if their revenues surge during the next holiday. … [Read more...] about Vietnamese carriers bank on lift from Tet holiday

Geneva (VNA) - Vietnam hailed the World Health Organisation (WHO)’s initiative to set up the Facilitation Council of the Access to COVID-19 Tools Accelerator (ACT-A) as it will help step up the development and equitable distribution of vaccines and technologies in response to the COVID-19 outbreak, said Ambassador Le Thi Tuyet Mai, head of the Permanent Mission of Vietnam to the UN, WTO and other international organisations in Geneva. At the first meeting of the council on September 10, Mai thanked the WHO and the European Mission for inviting Vietnam to attend the event as the ASEAN Chair in 2020. She went on by highlighting ASEAN and Vietnam’s recent efforts in response to the coronavirus outbreak, and affirming the member states’ commitments to enhancing solidarity and international cooperation to fight the pandemic, particularly activities of the Facilitation Council of the ATC-A so as to promote equitable access to vaccines and tools responding to the pandemic … [Read more...] about Facilitation Council of ACT-A important to fight COVID-19: Vietnamese diplomat