The Federal Reserve System of the United States has approved a dossier from the joint Stock Commercial Bank For Foreign Trade Of Vietnam (Vietcombank) asking for permits to establish its representative office in New York, according to the leaders of Vietcombank.
Vietcombank is the first bank of Vietnam
to be licensed to open a representative office in New York.
Earlier on October 24, the New York State Department of Taxation
and Finance also issued an approval in principle with regards to Vietcombank’s
application for licence.
Marking a significant strategic step for
Vietcombank, it will be the first time a Vietnamese commercial bank has ever
been licensed to set up a representative office in the US, one of the
world’s leading countries regarding its transparent and complete legal
framework, and close management and supervision mechanism.
The event has highlighted the position,
brand and influence of the Vietnamese bank to the international community,
while also affirming Vietcombank’s goal of reaching out to the "great ocean” in
its development orientations on becoming one of the world’s 300 largest
financial banking groups, administrated in accordance with the best
international practices, by 2020.
Vietcombank’s representative office in New
York will perform the functions of connecting with existing and potential
customers in the US market; carrying out analysis reports on the market and
finance-banking sector; supporting the maintenance of relations with US
financial institutions; and attending business conferences and seminars to
establish relationships, with the aim to effectively support the business
operations of Vietcombank as well as to support partner businesses in their
investment and business activities in the US market.
Based on the US
side’s approval of its permit application, Vietcombank will continue to perform
the necessary formalities in the time ahead, looking to officially obtain the
licence and launch its representative office in New York as soon as possible.
Source: NDO
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
