With key financial reforms, Ho Chi Minh City has the potential to follow the model of Tokyo, Shanghai, Mumbai, and other cities which came to global financial prominence.
The changing landscape of finance is a huge subject so let’s start with a short history of banking (thanks here to Wikipedia). The word actually comes from banca or bench where the moneylenders sat.
Where are Asia’s economies headed to in the short and long term? What shape are they in to withstand future financial crises? And how can they respond to the yawning rich-poor divide, now a key concern among Asian and global policymakers? These were some of the key points discussed over the first two days of business at our 47th Annual Meeting, held in Astana, Kazakhstan.
Debt has ballooned in developing Asia following the 2008-2009 global financial crisis, supported by plentiful global liquidity. With the US Federal Reserve about to raise interest rates, data from the Asian Development Outlook 2015 gives a clearer picture about the possibility of a credit slowdown in the region.
On many levels, women in Viet Nam fare better than women living in countries at a similar level of economic development. Still, women-owned businesses face disproportionate barriers.
Small businesses are the backbone of the Vietnamese economy. The government should take decisive action to help them, particularly those owned by women.
Blockchain is transforming financial transactions – with far-reaching implications for the unbanked.
The region’s financial architecture is stronger and more resilient than 20 years ago, but it faces new challenges.
Mobile money, enabled by data connectivity, can be a game-changer for the unbanked poor in developing Asia.
Currency-linked bonds are simple but powerful instruments that fortify economies and can efficiently finance development projects.