The Vietnam Chamber of Commerce and Industry (VCCI) will host the Vietnam Business Summit-2019 (VBS-2019) on 16 October in Hanoi, with the theme "Vietnam-A Trusted Business Partner in the Digital Age”.
Vietnam is among 38 emerging market economies to have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report of the IFC-facilitated Sustainable Banking Network (SBN).
By implementing Circular 42/2018 from 1 October 2019, which amends and supplements a number of articles of Circular 24/2015 of the State Bank of Vietnam, commercial banks and foreign bank branches will stop offering medium and long-term foreign currency loans for payment of import of goods and services, even though the borrowing enterprises receive sufficient foreign currencies from production and business revenues.
At the third-quarter meeting of the National Financial and Monetary Policy Advisory Council, chaired by Deputy Prime Minister Vuong Dinh Hue, most of the council members gave a positive evaluation of the management of financial and monetary policies over the past months of 2019, besides making key recommendations for forthcoming tasks in the remaining months of the year.
After announcing the cancellation of international bidding, the Ministry of Transport recently decided to go for domestic bidding in order to looking for investors for the BOT (build-operate-transfer) North-South expressway project.