Vietnam’s HDBank joins HSBC, StanChart-backed Contour trade finance blockchain
HD bank becomes the first bank in Vietnam to join the open trade finance network in order to enhance trade financing to other corporates. This Vietnamese financial institution is a new addition to the Contour network. In December 2019, HD bank had overall VND 229 trillion, i.e., $9.8 billions wor...
ICC provides guidance to the trade finance market to address COVID-19 disruptions
The International Chamber of Commerce (ICC) has issued a couple of guideline publications for the governments of different countries to deal with the imbalance of the trade finance market due to the outbreak of the COVID-19 pandemic. In these guideline publications, it has holistically addressed ...
From competition to collaboration: Supporting international trade through a crisis
The COVID 19 pandemic is not only posing threat to humans' lives but also to the economy. This year has been the worst for global trades and new alliances are needed in order to ameliorate supply chain commotions and rift of trade flow. In the last few months, COVID-19 has expanded from Asia to A...
The Great Lockdown: Worst Economic Downturn Since the Great Depression
The trying times, which we are right in the midst of, are in no way close to normal. The new normal that we are forced to migrate is the initial aftermath of something worse than the great depression. The great lockdown has shunned every aspect of human life into complete dismay. But none has re...
COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth Since the 1960s
The coronavirus pandemic is the biggest threat posed to humankind. This infectious disease is taking a toll on lives and the economy at the same time. This virus came into existence in Asia last year and knocked on other continents gradually. COVID-19 cases are soaring high with every passing. Na...
COVID-19 Crisis Poses Threat to Financial Stability
Coronavirus has struck mankind like lightning. The cases are increasing with every passing day. All nations are taking safety measures to protect their people from this deadly disease but on the other front, this is hampering the economy severely. The latest report on the financial system has dep...
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