Vietnam is implementing a plan to improve and increase non-cash payments by 2020, which will make clearing and settlements, electronic payments, FX inter-bank markets more efficient, treasurers argue.
The two countries will work together to make it easier for fintech companies to operate across borders, a move one expert says could help develop technology to support large companies' supply chains.
The British engineering giant faces a huge bill over illicit payments to third parties in Asia and elsewhere. The case offers important lessons for CFOs in examining payments to third parties overseas.