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% CONTENTS | ISSUE 352, March 2024

COVER STORY
The importance of credit institutions to a country’s economy
requires updated legal instruments governing their
establishment and activities. The Law on Credit Institutions
first came into being in 2010 and was amended in 2017, but
Vietnam’s development and a changing world have rendered
certain provisions outdated or unworkable. Enter the Law
on Credit Institutions 2024, passed by the National
Assembly on January 18. At a VET / VnEconomy dialogue on
February 3 that shone a spotlight on its new provisions,
many analysts noted that cross-ownership and the possible
manipulation of banks have been given particular focus, with
ownership ratios adjusted to ensure that healthy credit
flows into and around Vietnam’s economy and that credit
institutions serve their intended purpose.

BIZ GUEST - STANDARD CHARTERED VIETNAM
Editor’s letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 What has been and what will come Ms. Michele Wee, CEO of
Standard Chartered Vietnam, looks behind and ahead . . . . . . . . . . . . .38
AT A GLANCE
Leading news from the month at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 On careers and leadership EXCO members share their thoughts
on work and teams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40
AMBASSADOR TALK Where it’s needed most Ms. Nguyen Thuy Hanh, Deputy General
Long-term resilience H.E. Julien Guerrier, Ambassador of the Director, Head of Corporate, Commercial and Institutional Bank-
European Union to Vietnam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 ing, on the benefits of sustainable finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42
Digital transformation shaping cash management in Vietnam &
BUSINESS REPORTS ASEAN Mr. Sylvester Kinuthia, Head of Transaction Banking, on
Going the distance; Foundation of success; Navigating global changing treasury management practices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44
tension; Gradual in nature; Into the mix; Open to the latest;
The world at their feet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 CORPORATE NEWS
What’s happening in the world of business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48
PROPERTY
Great expectations Amended Land Law a welcome step . . . . . . . . .36

Statistics Updated economic figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50

DESIGN BY VET MEDIA

VIETN AM ECONOMIC TIMES

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ISSN 2734 - 9683 - LICENCE No. 272/GP-BTTTT ON JUNE 26, 2020, PUBLISHED MONTHLY BY THE VIETNAM ECONOMIC ASSOCIATION, PRODUCED IN VIETNAM AND PRINTED AT TIEN PHONG PRINTING AND COMMERCE JOINT STOCK COMPANY. © ALL RIGHTS RESERVED

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