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The Reserve Bank's action against PPBL follows a comprehensive system audit report and subsequent compliance validation report of external auditors. These reports revealed persistent non-compliances and continued material supervisory concerns in PPBL.
Greater Japanese investment vital in achieving our development goals
Foreign direct investment (FDI) is to continue flowing into Vietnam from Europe in the medium to long-term thanks to the EU-Việt Nam Investment Protection Agreement (EVIPA), which was ratified in August last year, experts said.