The first live blockchain Letter of Credit (LC) has been facilitated between Vietnam’s Duy Tan Plastics and INEOS Styrolution Korea Ltd., marking the pilot digital transformation for trade finance between the two nations.
A recent Ministry of Finance ruling is set to send ripples across Real Estate businesses, especially those with extensive asset portfolios. The International Financial Reporting Standards (IFRS) adoption roadmap commits to improved transparency and brings financial reporting in Vietnam closer to global standards.
The first live blockchain Letter of Credit (LC) has been facilitated between Vietnam’s Duy Tan Plastics and INEOS Styrolution Korea Ltd., marking the pilot digital transformation for trade finance between the two nations.
Businesses are certain to benefit from greater clarity at a time of trade-policy turbulence as well as from improved access to 500 million consumers when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership goes live in Vietnam today.
Large multinationals tend to neglect public disclosure of their subsidiaries abroad, because this is not a compulsory requirement, however, this lack of information limits monitoring and oversight by local stakeholders in countries where these subsidiaries operate.
Top state-owned enterprises (SOEs) such as Viettel, Mobifone,Vinalines, Vicem, SJC and Vinataba all score zero per cent on the dashboard of reporting on anti-corruption programs, based on the survey conducted by Transparency International (TI) in Vietnam.
Inspections and audits have become more confrontational and aggressive, giving rise to concern from foreign investors about the tactics and transparency, according to foreign observers.
The longer time the State capital divestment takes, the greater the risk of competition for Habeco is, especially when their business results are showing signs of deterioration, gradually being left behind by other competitors such as Sabeco and Heineken in the war of gaining market share.
Two accounting systems results in a lack of transparency and it is also the shortest path leading to the devaluation of firm during future mergers and acquisitions (M&A) or initial public offering (IPO).
Out of 19 semi-finalists, seven Vietnamese startups have been chosen to join the Mekong Innovative Startups in Tourism program in 2018, the biggest number in the tally.
Six startup teams have won the 2018 Mekong Agritech Challenge, having presented outstanding technology solutions with high potential to advance agriculture in the Greater Mekong Subregion.
Vietnam will attract more foreign capital, improve its transparency and the investment environment when its market is upgraded from frontier to emerging.
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Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Vietnam will not only commit to open the market, remove tariff barrier, promote trade liberalization and facilitation but also promote the publicity and transparency of state management in market development.
The Asian Development Bank (ADB) has just announced the winners of its Instagram photo contest, which was held to showcase the development progress in the Greater Mekong Subregion (GMS) in celebration of the 25th anniversary of the GMS program.
