Central bank plans to pilot fintech regulatory sandbox
The State Bank of Việt Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021.
The State Bank of Việt Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021.
Shareholders of Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.
State budget revenue was estimated at nearly VNĐ500 trillion (US$21.5 million) in the first five months of this year, equal to 97.6 per cent of the same period last year.
Recently, some news outlets reported ThaiBev was planning to sell beer producer Sabeco and the ministry could buy the firm at a price of VNĐ130,000 (US$5.6) per share.
The Việt Nam National Administration of Tourism (VNAT) needs to coordinate with local administrations and the Việt Nam Tourism Association (VITA) to advertise tourism destinations in the northwestern, northeastern and central coastal regions.
Experts have said that traceability is a challenge for Việt Nam to boost export handicraft products to the EU in the future.
Minister of Industry and Trade Trần Tuấn Anh said trade barriers, including tariff and non-tariff restrictions, should be limited to restore the economies of ASEAN members amid the COVID-19 pandemic.
Industrial zones (IZs) and economic zones (EZs) attracted 390 foreign-invested projects with a total registered capital of US$4.3 billion in the first five months of this year, according to the latest updates of the Ministry of Planning and Investment.