An Binh Commercial Joint Stock Bank won for ‘Trade Deal of the Year’ given to banks for outstanding achievements in trade finance at the Asian Development Bank Trade and Supply Chain Finance Programme Awards held in Singapore last week.
Nguyen Thi Hong Nhung (second from left), director of ABBANK’s operations division, receives the ‘Trade Deal of the Year’ award given to her bank by the Asian Development Bank. (Photo courtesy of ABBANK)
HCM City (VNS/VNA) - An Binh Commercial Joint StockBank won for ‘Trade Deal of the Year’ given to banks for outstandingachievements in trade finance at the Asian Development Bank Trade and SupplyChain Finance Programme Awards held in Singapore last week.
All banks participating in the ADB’s Trade and Supply Chain Finance Programme(TSCFP) are eligible to be nominated, and the winner was chosen this year fromamong more than 240 participants based on multiple factors such as how theirtransactions impacted the country and helped clients improve their business andhow TSCFP contributed to the success of the transaction.
ABBANK, the only Vietnamese representative to win in this category, and itspartner DBS (Singapore) won the honours.
An ABBANK representative said: “In the context of strong import-export growth,ABBANK has been developing financial solutions to support international paymenttransactions that are convenient and safe and minimise risks.
“[The] award once again affirms ABBANK's position and professionalism in theimport-export finance market, bringing benefits to customers and the domestictrade market.”
In addition to working capital financing, the bank also offers import-exportcustomers many other products and services such as UPAS L/C, discount ofdocuments, guarantee, L/C re-issuance, and L/C confirmation.
The TSCFP Awards is among the most prestigious accolade in the banking andfinancial industry in Asia./.
Vietnam is creating favourable conditions for the birth of Asia’s next tech start-up unicorns, according to the Asian Development Bank (ADB) July 2022 report entitled “Vietnam’s Ecosystem for Technology Startups”.
Big data can support over 100 billion USD worth of opportunities in Southeast Asia, particularly across the five focus countries, namely Cambodia, Indonesia, Myanmar, the Philippines, and Thailand, according to an report released by the Asian Development Bank (ADB) on August 17
The People's Committee of Thua Thien - Hue province and the Asian Development Bank (ADB) in Vietnam on August 17 signed a Memorandum of Understanding (MoU) on promoting a strategic partnership for inclusive and sustainable economic development.
A draft report on Vietnam’s economy was tabled for discussion at a meeting held at the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris on September 5.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Nguyen Thi Hong Nhung (second from left), director of ABBANK’s operations division, receives the ‘Trade Deal of the Year’ award given to her bank by the Asian Development Bank. (Photo courtesy of ABBANK) 
