Vietnam:

Henig:  Việt Nam remains good business partner of Hong Kong: official

January, 20/2023 - 12:10

Việt Nam is always a very good business partner of Hong Kong (China), and the two sides have maintained effective trade and investment ties over the past years, according to Hong Kong’s Secretary for Commerce and Economic Development Algernon Yau.

Hong Kong’s Secretary for Commerce and Economic Development Algernon Yau. (fifth, right) and representatives from Việt Nam and Hong Kong attend the Vietnam and Hong Kong - Guangdong - Macao (China) partnership business forum. Photo courtesy of the Hong Kong Commerce and Economic Development Bureau

KTFA:

Henig:  From Davos.. The President of the Republic: The security situation in Baghdad and other cities is stable and better than other countries

Baghdad / NINA / - The President of the Republic, Abdul Latif Jamal Rashid, affirmed that the security situation in Baghdad and other cities is stable and better than other countries.

He said in a dialogue session on the Middle East within the activities of the World Economic Forum in Davos: The current government is moving towards reform and benefiting from oil revenues towards building and improving the economy.   LINK

KTFA:  Vietnam:

Henig:  Việt Nam's foreign exchange reserves to grow this year

January, 19/2023 - 05:51

Việt Nam's foreign exchange reserves will recover to the level of three months of imports and reach $102 billion by the end of this year from the current level of $89 billion.

HÀ NỘI — VNDirect Securities Corporation expects Vietnamese foreign exchange reserves to recover to 3.3 months of imports and reach US$102 billion by the end of this year from the current level of $89 billion last year, said in its updated macro report.

KTFA:  Vietnam

Henig:  Shares make large gains on banking, securities stocks

January, 18/2023 - 06:55

Vietnamese equities closed sharply higher on Tuesday, bolstered by a dramatic injection of cash flow into banking and securities.

HÀ NỘI - Vietnamese equities closed sharply higher on Tuesday, bolstered by a dramatic injection of cash flow into banking and securities.

The market’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended the day at 1,088.29 points, an increase of 2.03 per cent.

The breadth of the market stayed in positive territory, with more stocks gaining points. Specifically, 352 stocks advanced on the southern bourse, while 69 stocks inched lower.

KTFA: Vietnam

Henig:  Bank stocks to flourish in 2023

January, 16/2023

Bank profits are forecast to be the bright spot in the fourth quarter 2022 financial report season, which takes place after the Lunar New Year.

HÀ NỘI — Bank profits are forecast to be the bright spot in the fourth quarter 2022 financial report season, which takes place after the Lunar New Year. This will help bank stocks flourish.

Although the financial statements for the fourth quarter of 2022 have not been announced, according to analysts' forecasts, in 2022, the picture of bank profits will have a strong divergence, along with the return of the commercial banking group with State capital. After two years of "holding" growth to support customers affected by the COVID-19 pandemic, the profit of this banking sector has increased sharply again.

KTFA:

Clare:  The Central Bank determines the valid and rejected Iraqi banknotes for circulation

2023-01-16 

The Central Bank of Iraq determined, on Monday, the valid and non-negotiable banknotes of the local currency

The bank said, in a statement received by Shafaq News agency, that it is "responsible for defining the categories of Iraqi coins, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones," noting that "discriminating between their categories by imposing a specific category on the public or refusing to receive A certain category is unacceptable and against the law.”

KTFA:

Clare:  Instructions and standards for handling and exchanging banknotes, as well as counting and sorting mechanisms

January 15, 2023

Regarding the standardization and updating of controls and instructions related to the standards for trading banknotes and their replacement, we enclose below an updated copy of the standards and instructions that will be approved in the counting, sorting and delivery of banknotes as of 15/1/2023

» To view the controls and instructions , click here

https://cbi.iq/news/view/2205

KTFA:  Vietnam

Henig:  VIB's new card gives big push to online shopping

January, 14/2023 - 10:12

LazCard is expected to provide customers with a convenient shopping experience from opening cards to paying quickly, safely and seamlessly

HÀ NỘI — With the privilege of up to 50 per cent cashback on the Lazada Vietnam e-commerce platform and technologies first deployed by VIB, the LazCard credit card is expected to bring a great shopping experience to users during the year-end shopping season.

Innovative and pioneering card trend in VN

Việt Nam is an extremely promising market for the retail banking industry thanks to the characteristics of population growth, GDP per capita and fast economic development. Grasping that trend, many banks have been promoting retail lending activities to diversify credit portfolios and optimise profits.