Businesses sorely in need of funds as economy begins post-pandemic recovery

In a survey done in August by the Board for Private Economic Development Research, 46 per cent of 21,000 enterprises polled said their financial resources would only enable them to maintain operations for three months or less.

Sacombank takes just 1 month to raise $219.9m from bond issuance Sacombank has issued 5,000 bonds to professional securities investors in a private placement to raise VNĐ5 trillion (US$219.9 million).

Việt Nam issues first-ever Public Sector Accounting Standards The Ministry of Finance (MoF), with support from the WB, Swiss State Secretariat for Economic Affairs and the Global Affairs Canada, on Friday launched the first set of Public Sector Accounting Standards (VPSASs), in full compliance with International Public Sector Accounting Standards.

Evergrande technically defaulted, forcing HSBC and other international banks to write off 197 billion US dollars Evergrande technically defaulted, forcing HSBC and other international banks to write off 197 billion US dollars

MSIG Hong Kong chooses CoverGo to build & launch MediGo, a new end-to-end system for their medical insurance business MSIG Hong Kong chooses CoverGo to build & launch MediGo, a new end-to-end system for their medical insurance business

NTUC Income Makes First Foray Overseas, Offers Insurance-as-a-Service in Southeast Asia NTUC Income Makes First Foray Overseas, Offers Insurance-as-a-Service in Southeast Asia

MSIG Introduces SME Group Medical Insurance Plan Focusing on Flexible Coverage MSIG Introduces SME Group Medical Insurance Plan Focusing on Flexible Coverage

MSIG investing in employees’ wellbeing MSIG investing in employees’ wellbeing

Petrovietnam reports steady growth despite pandemic

Việt Nam’s state-owned oil and gas group PetroVietnam has shown remarkable resilience in reaching its revenue targets, despite the hardships caused by the pandemic.

Banks slash US$386 million in interest rates in July-August Commercial banks have slashed more than VND8.8 trillion (US$386 million) in interest rate from July 15 to August 31 in support of businesses that have been severely affected by the novel coronavirus, said the State Bank of Vietnam yesterday.