The submission of the draft resolution on Vietnam’s international financial center to the National Assembly heralds a new developmental era for the country.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.
Chief financial officers (CFO) in Southeast Asia are setting their sights on revenue growth to ensure resilience and maintain expansion through economic cycles.
The energy transition is bringing forth new challenges, particularly in refining financial systems.
Despite concerns about the potential "shock" to the industry, companies in the sector have shown resilience, maintaining financial stability and achieving notable business results.
The move involves the conversion of bonds into shares, signaling a strategic maneuver to shore up the company's financial standing and navigate turbulent market conditions.
Prominent Vietnamese real estate developer Novaland is grappling with a staggering debt of over VND57 trillion despite concerted efforts to restructure its financial liabilities.
The transaction consideration amounts to approximately $870 million and the deal is expected to be completed in the first half of next year.
The United States Department of Agriculture’s Foreign Agricultural Service in Hanoi partners with WinMart, one of the fastest-growing retailers in Vietnam, to bring American tastes closer to Vietnamese consumers.
Extended producer responsibility (EPR) and carbon credits are market-based environmental protection tools that put financial returns as the engine for sustainable change.
ESG (environment, social, and governance) commitment and capabilities – and going in-depth into the market forces that are driving sustainable investments form one of the four megatrends in ASEAN, said Ng Jiak See, Deloitte Asia Pacific Financial Advisory Leader.
Following a February 2022 announcement, the Association of Chartered Certified Accountants (ACCA) and the University of Economics Ho Chi Minh City (UEH) have inked a cooperation agreement to implement modules from ACCA’s Advanced Diploma in Accounting and Business at UEH, placing UEH students on a fast-tracked path to success in their financial and accounting careers.
Financial service app MFast has raised $2.5 million in a funding round led by Ascend Vietnam Ventures with participation from Wavemaker Partners and existing investors Do Ventures & JAFCO Asia.
While Vietnam’s prospects remain positive, World Bank said that the authorities should address the heightened social, financial, and fiscal risks.
