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Would you like to buy this domain?

Posted: 05/12/2011 | Author: | Filed under: ASEAN Showroom, AseanBank's news, Does Asean need a Bank? | Tags: , , | Leave a comment »

We strong believe that ASEAN will become an economic community in near future. Same the EURO model, ASEAN may need an central bank, trade chamber,etc. We are ready to cooporate with every potential investor who can develop this site more and more professional.

If you like to buy the www.AseanBank.org? Please contact to us: aseanshowroom@gmail.com

Singapore promotes investment in Vietnam

Posted: 04/12/2011 | Author: | Filed under: AseanBank's news, Singapore news | Leave a comment »
Singaporean businesses are interested in investing in Vietnam, said Raymond Lui, Director of the International Enterprise Singapore (IE Singapore) Centre in Hanoi.

He said Vietnam’s orientation to the market economy, policies and investment climate inspired confidence in foreign investors, including Singaporeans.

Along with an increase in trade and investment between the two countries, Singapore understands the potential business benefits for Singaporean firms in Vietnam and is seeking opportunities for cooperation, Lui told Vietnam News Agency ahead of the Vietnam-Singapore business forum in Hanoi from Nov. 30-Dec. 2.

He noted that Singapore is one of Vietnam’s major trading partners and bilateral trade has quadrupled since 2000, to reach 10.1 billion USD in 2010.

Lui highlighted greater potential for bilateral cooperation, saying Singaporean and Vietnamese companies can cooperate in such fields as urban solutions and infrastructure, trade and services.

According to Lui, population is forecast to increase significantly in Vietnam’s major cities like Hanoi, Ho Chi Minh City and Hai Phong, leading to increased demand on water and wastewater management solutions.

With their development experience, Singapore companies could share and cooperate with Vietnam in these areas, he said.

In addition, Vietnam’s rapid industrialisation continues to contribute to economic connectivity, so the linkage through transport infrastructure will become important and Singapore firms will provide services from making plans for the country’s transport system for construction and management of the country’s transport projects, Lui said.

Vietnam’s trade and agricultural product exports are a major factor in the country’s economic development, he said. Vietnamese exporters can take advantage of Singapore’s position as a commercial and financial hub in Asia.

Vietnam and Singapore should work together to help farmers and exporters to protect their profits and manage risks relating to price fluctuations, he suggested.

He said he hopes trade and investment between Vietnam and Singapore will be increased through the upcoming business forum.

The Vietnamese Government has implemented steps to promote the private sector to become involved in the economy, Lui said, adding that this opens the door for Singaporean companies to consider cooperative opportunities with Vietnamese partners./.

Vietnam+

Memorandum of understanding ceremony between Asia Commercial Bank (ACB) and Standard Chartered Bank (SCB) on increasing utilities for vip customers and visa platinum cardholders of ACB

Posted: 04/12/2011 | Author: | Filed under: AseanBank's news, One day One Company | Tags: , | Leave a comment »

HCMC – on 10/11/2011 at Sheraton Saigon hotel, Ly Xuan Hai – President of ACB and Ajay Kanwal – Regional Head, Consumer Banking, South East Asia of SCB signed the Memorandum of Understanding (MOU) on increasing utilities for the VIP customers and Visa Platinum cardholders of ACB. According to the MOU, VIP customers and Visa Platinum cardholders of ACB can now enjoy all the benefits and services at 9 service centers of SCB’s Priority customers in Malaysia and 3 priority banking service centers in Singapore.

 Priority banking and benefits of SBC for the VIP customers and Visa Platinum cardholders of ACB including:
  •  Being consulted by Financial Specialtist and doing all  the transactions at designated meeting room secruely.
  •  Conducting foreign exchange transactions at the same preferential rates as SCB Priority Banking customers.
  •  Being served by experienced financial and investment consultant specialists of all financial transaction package requests and being served personally for the best profitable investment methods.

At the signing ceremony Mr Ly Xuan Hai emphasised: “ACB & SCB are currently the strategic partners, which has 3 meanings: Firstly, ACB & SCB are incessantly exploiting Vietnamese retail-banking market which is very potential. Secondly, SCB has contributed great support on Management and operation. SCB also transferred modern banking technology to ACB, assigned appropriate staff with great knowledge about banking system to come and help ACB such as one standing member in the Board of Directors, CFO, CRO, and Product Director. Thirdly, we exploit the strength of each other in order to develop and serve our valued customers the whole package. Previously, we have signed the agreement regarding to issuing ACB card for SCB customers as well as successfully connected ATM systems of the two banks. And today we have another agreement which is the proof for the third meaning of being the strategic partners”.

Mr Ajay Kanwal shared his oppinion: “the collaboration and partnership between ACB, the best bank in Vietnam and Standard Chartered bank, one of the top banks in the world has continously brought outstanding international financial services to the customers of Priority Banking services in Vietnam. The MOU has emphasised on the long trusted partnership between ACB and SCB, and brought this strategic collaboration onto new stage. Hopefully, future collaboration opportunites will enforce better and stronger partnership  .

ACB in brief
The Asia Commercial Bank was established in 1993. After 18 years of existence and development, ACB remains as the best commercial bank in Vietnam. ACB currently has 320 branches and sub-branches, provided more than 200 basic products to customers (approximately 600 utility producs). ACB is also listed as the richest product services bank in Vietnam commercial banking system. Not only a fast developing bank, ACB is an effective bank in controlling risks.

 For further information about ACB, please visit www.acb.com.vn
 SCB in brief
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years.
 With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank’s heritage and values are expressed in its brand promise, ‘Here for good’.
 For further information about Standard Chartered, please visit www.standardchartered.com

ACB TO RECEIVE “BEST BANK IN VIETNAM” AWARD FOR THE 4TH TIME IN 2011

Posted: 04/12/2011 | Author: | Filed under: AseanBank's news, One day One Company | Leave a comment »

On 29/9/2011, in Hong Kong, Asia Commercial Bank (ACB) has been awarded “Best Bank in Vietnam 2011” award by AsiaMoney Magazine. This is the third consecutive year that ACB is nominated for this award (the previous years were 2009, 2010).

   

In 2011, ACB was honor to be nominated as The Best Bank in Vietnam by four prestigious magazines : Global Finance, EuroMoney, AsiaMoney and World Finance.

AsiaMoney is the prestigious magazine which specializes in banking and finance. It has a large amount of reader who are chairman of board of director, president, CFO and financial specialists through out Asia. ACB was nominated as the “Best Bank in Vietnam 2011” basing on the categories including financial strength (including profitability, growth rate, total asset, charter capital…), management capacity of the management staff, and the bank’s prestige on the market.  

(ACB is nominated as “Best Bank in Vietnam for 3 consecutive year 2009, 2010, 2011” by prestigious magazines: Euromoney, Global Finance, AsiaMoney, Finance Asia; as “The Strongest Bank in Vietnam 2010” and “Leadership Achievement Award 2010” by The Asset; as “The Best Enterprise in Information Providing”, as “The Best Annual Report” by Hanoi Stock Exchange (HNX), Securities Investment Magazine and Dragon Capital; and as “The Most Favorite Vietnamese Trade Name” by Saigon Giai Phong Magazine.

www.acb.com.vn

Businesses plan for possible end of euro

Posted: 30/11/2011 | Author: | Filed under: AseanBank's news | Tags: , | Leave a comment »

International companies are preparing contingency plans for a possible break-up of the eurozone, according to interviews with dozens of multinational executives.

Concerned that Europe’s political leaders are failing to control the spreading sovereign debt crisis, business executives say they feel compelled to protect their companies against a crash that can no longer be wished away. When German chancellor Angela Merkel and French president Nicolas Sarkozy raised the prospect of a Greek exit from the eurozone earlier this month, it marked the first time that senior European officials had dared to question the permanence of their 13-year-old experiment with monetary union.

“We’ve started thinking what [a break-up] might look like,” Andrew Morgan, president of Diageo Europe, said on Tuesday. “If you get some much bigger kind of … change around the euro, then we are into a different situation altogether. With countries coming out of the euro, you’ve got massive devaluation that makes imported brands very, very expensive.”

Executives’ concerns are emerging as eurozone finance ministers weigh ever more radical options to tackle the sovereign debt crisis, including the possibility of funnelling European Central Bank loans to struggling countries via the International Monetary Fund.

Car manufacturers, energy groups, consumer goods firms and other multinationals are taking care to minimise risks by placing cash reserves in safe investments and controlling non-essential expenditure. Siemens, the engineering group, has even established its own bank in order to deposit funds with the European Central Bank.

Some are examining expert advice on the legal consequences of a eurozone split for cross-border commercial contracts and loan agreements. By contrast, most small and medium-sized firms have made few, if any financial and legal preparations.

“Market participants and, increasingly, real businesses are pricing in a break-up scenario,” said Jean Pisani-Ferry, director of the Brussels-based Bruegel think-tank. “It is still hard to think the unthinkable, let alone to work out the details of it, but any rational player has to consider the possibility of it.”

Some businesses with global reach say a euro break-up would be grim but manageable. “We have made a first rough analysis about the consequences of the discontinuation of the euro as the Portuguese currency,” said Jürgen Dieter Hoffmann, finance director at Volkswagen Autoeuropa, the German carmaker’s Portuguese arm. “The conclusion is that overall the impact would not be so negative to our company, as we are mainly an exporter and belong to a worldwide group.”

Some French, Italian and Spanish executives say they have plans in place for severe financial and economic turbulence, but not specifically for a euro break-up. The risk, in their eyes, is that the region’s stability might come under even greater threat if it became known that companies were contemplating the worst.

Additional reporting by Peter Wise in Lisbon, James Wilson in Frankfurt and Alex Barker in Brussels (FT).

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