This year 16 banks and four fintech companies won them, with the Bank of Investment and Development Vietnam (BIDV), Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) being named the most outstanding retail banks. … [Read more...] about Covid-19 accelerates banking digitisation: seminar
Economic news of the day
Deputy Prime Minister Vũ Đức Đam spoke at the National Conference on Tourism Development in the central province of Quảng Nam on Saturday, stressing State agencies, businesses, travel agencies and residents should promote links and efficient co-operation to help the tourism industry overcome the most difficult time after the pandemic. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period
To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
Over the last few months, Phuong had been offered training about the internet, smartphones and online sales, she said, adding that new skills and understanding helped her locate information about materials, connect with business partners and consumers, and advertise her products. … [Read more...] about Digital literacy training available to 65,000 microfinance clients in Vietnam