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Australia and Vietnam deepen military cooperation and trade ties
- Australian Prime Minister Anthony Albanese and Vietnam’s leader To Lam agreed to strengthen defence and security engagement, including efforts to counter transnational organised crime and people smuggling.
- Both leaders expressed concern over policies threatening global supply chains and pledged to support resilient supply chains in critical minerals, semiconductors, and clean energy.
- The two nations reaffirmed the importance of peace, security, and stability in the South China Sea, emphasizing freedom of navigation and peaceful dispute resolution without force.
- Australia and Vietnam have expanded maritime-security cooperation, including joint naval exercises focused on search-and-rescue and ship handling.
- Vietnam will reinstate access for Australian kangaroo and deer meat, while Melbourne’s RMIT University plans to expand its presence with a new Hanoi campus and operations in Ho Chi Minh City.
- Two-way trade exceeds $14 billion, with Australia providing development assistance supporting infrastructure and climate resilience; a new direct flight between Ho Chi Minh City and Western Sydney is planned from January 2027.
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Devanshee DaveDECTA has selected OpenPayd to strengthen its international treasury capabilities using OpenPayd’s regulated, rails-agnostic infrastructure for faster and more efficient operational settlement.
Devanshee DaveDeutsche Bank has been designated by the People’s Bank of China as a Renminbi (RMB) clearing bank for Europe, operating from Frankfurt to provide direct processing, clearing, and settlement of cross-border RMB transactions.
Devanshee DaveAfreximbank signed a EUR 110 million facility agreement with the government of Chad to support trade-enabling infrastructure projects approved under Chad’s 2026 Finance Law.
Devanshee DaveThe International Finance Corporation (IFC) is proposing an unfunded trade finance facility of up to $250 million for Banco Bradesco S.A. under its Global Trade Finance Program (GTFP).
Devanshee DaveSIDBI and MonetaGo announced the go-live of MonetaGo’s Secure Financing system on SIDBI’s GST-Sahay Invoice-Based Financing Platform following a successful pilot. The deployment enables SIDBI to validate invoices financed through TReDS and other factoring platforms, including SBI Global Factors and India Factoring, enhancing secure and…
Devanshee DaveThe Trump administration has refunded about $100 billion in tariffs following a Supreme Court ruling that struck down a wave of duties imposed under the International Emergency Economic Powers Act.
Devanshee DaveFIS launches Digital One™ Commercial in APAC, completes global rollout
Devanshee DavePaymentWorks introduced Payee Profile, a standardised, reusable credential that helps businesses manage tax, banking, and compliance information required for payments.
Devanshee DaveOn 5 August, the ICC Digital Standards Initiative, Teesside University, and the Asian Development Bank hosted a working session on the Trade Document Object (TDO) consultation, now open on the Digital Trade Navigator.
Devanshee DaveICC renames Trade Register to Global Trade Intelligence Report to reflect broader scope
ICC has renamed the Trade Register as the Global Trade Intelligence Report, reflecting a broader focus on trade finance data, market insights and risk analysis for the global trade community.
Devanshee DaveEVelution Energy secures increased financing support from EXIM: What it means for the US’ critical mineral space?
EVelution Energy secures increased US$275 million EXIM financing for Arizona cobalt processing facility supporting critical minerals supply resilience.
Devanshee DaveOn 3 August, 2026, Mastercard completed its acquisition of BVNK, advancing its strategy to support interoperability across fiat and digital currencies.
Devanshee DaveUS and Japan’s rare coordinated intervention to support the Yen amid pressure on the Dollar
The United States and Japan have taken the rare step of intervening together to support the yen after it weakened sharply against the US dollar. Discover what prompted the move and what it could mean for global markets.
Devanshee DaveBelgium’s Council of Ministers approved a state guarantee to back advance payments for Umicore’s germanium purchases from Société pour le Traitement du Terril de Lubumbashi (STL), a subsidiary of state-owned Gécamines.
Devanshee DaveAfreximbank signed three financing agreements totalling US$190 million with CBZ Bank Limited to enhance its capacity to provide trade and SME financing in Zimbabwe.
Devanshee DaveAbry Partners will invest US$75 million in Edenred Pay North America, acquiring convertible preferred shares that could convert into 40% of the company’s common shares on a fully diluted basis.
Devanshee DaveEuropean Commission acknowledges trade finance in plans to boost EU banking competitiveness
European Commission plans legislative package in 2027 to review Basel III implementation and strengthen trade finance regulatory framework.
Carter HoffmanThe Bangko Sentral ng Pilipinas (BSP) and Philippine Payments Management Inc. (PPMI) launched InstaPay Cash-In, InstaPay for Business, and Direct Debit PH to enhance digital transactions for individuals and businesses.
Devanshee DaveN3XT introduced the Model Context Protocol (MCP), an open-standard solution that securely connects client AI environments with live N3XT banking data for instant, programmable B2B payments.
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