Other Asia Pacific

Big Picture

Banks, Central Banks Expect Tokenised Assets to “Leapfrog” in Asia

By Georgina Lee | 28/10/2024

Banks are actively exploring tokenisation use cases in Asia, saying the region has greater potential for the technology than Western countries.

Capital / Liquidity

State Bank of Vietnam to Inject Capital into Vietcombank

By Mark Johnston | 25/10/2024

The capital injection is intended to boost state-owned Vietcombank’s capacity to support government policies and economic stability.

ESG / Sustainability

ACMF Endorses V2 of ASEAN Transition Finance Guidance

By Nithya Subramanian | 24/10/2024

The Version 2 guidance provides guidance on reference transition pathways, to help companies develop their individual transition plans.

Securities / Derivatives

Vietnam to Ease Account Opening Process for Foreign Investors

By Nithya Subramanian | 24/10/2024

The SBV is drafting a circular to simplify the opening and management of Vietnamese dong-denominated accounts for foreign investors.

Fintech / Regtech

CBM Inspects MyanmarPay Pilot Ahead of December Launch

By Nithya Subramanian | 23/10/2024

The national project aims to integrate QR payments across banks and financial service providers, with phased testing currently underway.

Capital / Liquidity

Vietnam Regulator Orders Mandatory Takeover of Two Troubled Banks

By Nithya Subramanian | 22/10/2024

The SBV ordered the transfer of Vietnam Construction Bank to Vietcombank and OceanBank to Military Commercial Bank to address bad debts.

Enforcement

OFAC Fines Beverage Company for Violating DPRK Sanctions

By Editors | 18/10/2024

Vietnam Beverage Company Limited subsidiaries sold beer and spirits to North Korea, with the payments processed through US correspondent banks.

Fintech / Regtech

UnionPay to Enable Cross-Border QR Payments for Vietnam

By Mark Johnston | 18/10/2024

Users of Vietnamese banking apps and e-wallets will be able to scan UnionPay QR codes for payments in the mainland.

Fintech / Regtech

Cambodia Working to Launch Multi-currency KHQR Codes

By Nithya Subramanian | 27/09/2024

The NBC is working to launch unified KHQR codes that can accept payments using both the riel and US dollar.