Tag: vietnam

The working capital facility for Morinaga Nutritional Foods Vietnam links financial terms to the company’s targets for reducing greenhouse gas emissions and water consumption intensity, following a series of MUFG SLL funding in Asean.

The firm has added Thailand, Indonesia, Malaysia, Vietnam and Turkey to its network. There are more businesses and consumers increasingly using digital payments across Apac.

The partnership with FPT Corporation and the Viet Thai Group is backed by consumption commitments of up to $1bn.

Minh Ngo is the first Vietnamese national to take on the role; the US bank has been in the country for over three decades.

With negotiations ongoing, Vietnam and its companies are now at a crucial crossroads, dependent on whether Trump is willing to lower his 46% tariffs, incoming on April 9.

The global fintech firm, which is bringing payments on-chain, has recently closed a $10m funding round as it looks to reduce remittance costs in Asia.

The increased digital capabilities of regional banks has increased competition for treasury centre investment across Asia as less established locations look to take business from Singapore, Hong Kong and Shanghai.

Payment and treasury management firm Sunrate wants Li to help spearhead expansion across emerging Asia.

Norwegian government-owned Norfund is investing with a view to boost financial inclusion in Vietnam, adding to a list of SeABank’s foreign institutional investors.

Huong Tran will oversee the finance operations across Singapore, Vietnam, Malaysia, Philippines, Indonesia and Thailand, at the fast-growing British digital and cybersecurity firm.

The facility helps address the gap in cross-border trades, placing more emphasis on the credit worthiness of buyers instead of suppliers.

Partnership between LPBank and Finastra to digitise the bank’s treasury offerings highlights the continuing transformation of Vietnam’s banking sector in 2024, but treasury talent could be an issue.