Going beyond the SD-WAN hype in Asia: The early evangelistsBy Dipesh Ranjan (*) Dipesh Ranjan is Head for the Asia Pacific at NetFoundry Businesses in the Asia Pacific region (APAC) are actively considering increasing their investments in networking technologies based on the cloud. In a study by technology analyst firm IDC, they claimed that worldwide software-defined networking in a wide area network (SD-WAN) infrastructure and services revenues will grow at a compound annual growth rate (CAGR) of 69.6%, to reach US$8.05 billion in 2021. That is an impressive figure. IDC says that in Southeast Asia, almost 56% of organizations have already deployed, or are planning to deploy, SD-WAN. Almost 30% of those surveyed singled out the policy-based control and WAN optimization capabilities of SD-WAN as top drivers for implementing the technology. IDC Asia-Pacific says that most WAN traffic today – to and from branch and remote sites – is destined for the cloud on either … [Read more...] about Going beyond the SD-WAN hype in Asia: The early evangelists
NCB reports triple pre-tax profit rise However, the bank’s handsome profit did not come from its net interest income, which dropped by 12% over 2017. By December 31 last year, NCB’s total assets had reached more than VND72.4 trillion, a slight increase of 0.8% versus early last year. Of which, loans increased 11.1% to hit VND35.3 trillion, while its deposits and lending at other credit institutions fell 29% to some VND6.7 trillion. The bank mobilized nearly VND 47.1 trillion from depositors last year, up 3.1% against 2017. NCB’s impressive business results prove its efforts in restructuring and diversifying its services. Its service fees and net revenue from services grew by a staggering 40%. The bank’s bad debt ratio was 1.67%. The impressive business results have boosted customers’ confidence in the bank. Last year, NCB won multiple awards, including the Vietnam excellent brand award from Vietnam Economic Times for the fourth consecutive year, the … [Read more...] about NCB reports triple pre-tax profit rise
FE CREDIT wins 10 prestigious awards in 2018 Overcoming a challenging year with many fluctuations in the consumer finance industry, FE CREDIT has not only continued to maintain its leading position in the market, but also constantly established new standards in innovation and Fintech application to prove that it not only adapts but proactively creates revolutionary changes for the market. The annual ranking of Vietnam’s 500 largest enterprises (VNR500) in 2018 conducted by Vietnam Report and published by VietNamNet, shows that FE CREDIT is one of the Top 10 private companies in the Finance-Banking-Securities sector, and it is also the only finance company to make the Top 100 list in Vietnam in all sectors. This is the 12th year in a row the VNR500 ranking has been researched and published based on multiple criteria including enterprises’ actual revenues, total assets, total labour force, profit after tax, ROA and ROE, as well as their corporate prestige. Vietnam … [Read more...] about FE CREDIT wins 10 prestigious awards in 2018
Who are the owners of luxury apartments in District 1? A view of The Grand Manhattan, a luxury apartment project in downtown HCMC The just-launched Grand Manhattan has become the center of splendor due to its luxury apartments being located in downtown HCMC, which are not easy to own. From international investors Elena Goh, a Singaporean real estate investor, is one of the first owners of apartments at The Grand Manhattan, “HCMC is a market my husband has eyed for ages. So we decided to purchase apartments as soon as the project was introduced to the market. Compared with other property markets which I have invested into such as Hong Kong, apartments in HCMC have a much lower price and profit margins reach 4%-5%, compared to Hong Kong’s 1%-2%.” As an experienced real estate investor, Elena Goh said, “In Hong Kong and Singapore, profit growth of luxury properties tend to be stable. I believe that profits from real estate projects in HCMC, which is an … [Read more...] about Who are the owners of luxury apartments in District 1?
FE CREDIT wins Consumer Finance Product Of The Year award FE CREDIT has won “Consumer Finance Product of the Year” in Vietnam at the Asian Banker Vietnam Country Awards for its innovative Consumer Durables Loan (CDL) product. Dmitry Sapronov, on behalf of FE CREDIT, receives the Asian Banker award for the Consumer Finance Product Of The Year At the award ceremony held in conjunction with the Future of Finance in Hanoi on January 10, Foo Boon Ping, managing editor of the Asian Banker, said, “FE CREDIT is the first finance company in the market to launch a 100% digital lending process to ensure a fast and easy application process.” It enables customers to apply for loans and purchase desired digital devices or household appliances online without having to go to a physical outlet or point of sale to submit the required documents. The firm also allows customers to choose to shop and get an instant loan approval and request next-day home delivery, Ping … [Read more...] about FE CREDIT wins Consumer Finance Product Of The Year award