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Day: August 8, 2024

Banking in Vietnam: Industry Overview 2024

Banking in Vietnam is evolving and in many ways putting banking in Vietnam at the forefront of consumer banking product development. That said, the banking industry in Vietnam is among the most heavily regulated sectors. Not only that, core tenets of international banking often do not apply in this rapidly developing nation. With this in mind, it is fairly safe to say that, when it comes to banking in Vietnam, the country is carving out a unique path of its own.

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How to Open a Bar in Vietnam 2024: Ultimate Guide

Rice wine and beer are staples at traditional family gatherings and special events. They’re also very popular at the end of the working week (and sometimes weekdays at noon). But whereas historically this was the limit of Vietnam’s drinking culture, rapid industrialisation has brought with it a thirst for all

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Commerce’s Findings from Vietnam’s Non-Market Economy Review: Unpacked

Last week, the United States Department of Commerce–the DOC–rejected Vietnam’s application to have its status as a non-market economy overturned. This came after a months-long review including thousands of pages of evidence and arguments, from both Vietnam and the United States, culminating in not just the aforementioned adverse findings but also a 284-page memorandum explaining the decision. This article breaks down the key points in said document.

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Bad debts continue to skyrocket at most Vietnam banks

Of 29 of Vietnam’s biggest banks, 27 had recorded an increase in bad debt at the end of June, Mekong ASEAN has reported. Between them there was VND 46,719 billion or US$1.86 billion in bad debts, an increase of 20.8 percent compared to the end of 2023. Of note, back

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Vietnam outbound FDI falls 53 percent year-on-year in July 2024

It’s worth noting, however, that it’s quite common for local firms to have offices in other parts of the world, usually Singapore, through which they conduct their foreign investment activities. This is partly to avoid the bureaucratic approval process for outbound investment but also due to the perceived relative safety of more advanced markets.

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