Competition is heating up in Vietnam's consumer lending market as existing foreign financial organizations rush to expand as new entrants join the market. The joint venture, which marks Hyundai Card’s first overseas endeavor, is touted as a new growth engine in the Southeast Asian market in a company statement. Consumer lending in Vietnam has increased strongly in recent times on the back of rising affluence amid strong economic growth. “As the market continues its growth momentum, new players, including foreign financial institutions, have been looking for entry into the country,” said Mr. Masataka Yoshida, Senior Managing Director, Head of the Cross-Border Division, and CEO Vietnam at the Recof Corporation, a Japan-based merger and acquisition (M&A) consulting firm. One after the other Before Hyundai Card, a host of other South Korean financial players penetrated into Vietnam’s fast-growing consumer finance market. Lotte Card acquired Techcom Finance in … [Read more...] about Consumer lending a contested landscape
5 8 organizing paragraph sentences
Vietnam among five biggest investors in Cambodia
Investment Vietnam among five biggest investors in Cambodia By Truc Nhu Wednesday, Dec 11, 2019,13:24 (GMT+7) Vietnam among five biggest investors in CambodiaBy Truc Nhu Vietnam’s Deputy Minister of Foreign Affairs and Vietnamese Ambassador to Cambodia Vu Quang Minh speaks at the Vietnam-Cambodia Business Forum - PHOTO: COURTESY OF ORGANIZER HCMC – Vietnam is among the top five investors in Cambodia, with nearly US$3.1 billion registered in 214 projects, including 176 operational projects worth US$2.77 billion. At the Vietnam-Cambodia Business Forum, held in Cambodia’s capital of Phnom Penh last week, Vietnam’s Deputy Minister of Foreign Affairs and Ambassador to Cambodia Vu Quang Minh said Vietnamese enterprises have mainly invested in agriculture, banking, telecom and information technology, industrial manufacturing and processing sectors in Cambodia. The bilateral trade revenue between the … [Read more...] about Vietnam among five biggest investors in Cambodia
Vietnam PM to attend Belt and Road Forum in Beijing
The three-day forum is expected to be attended by nearly 40 world leaders including Russian President Vladimir Putin, Pakistani Prime Minister Imran Khan, Philippine President Rodrigo Duterte, and Cambodian Prime Minister Hun Sen. The BRI is a development strategy proposed by Chinese President Xi Jinping in 2013 as a union of the Silk Road Economic Belt and the 21st century Maritime Silk Road. According to the Chinese government, it is aimed at enhancing regional connectivity by developing infrastructure projects that create land and sea networks connecting Southeast Asia, Central Asia, the Middle East, Europe, and Africa. China and Vietnam signed a memorandum of understanding on promoting connectivity between the "Two corridors, one economic belt" initiative and the BRI in 2017, during President Xi Jinping's visit to Hanoi. The "Two Corridors, One Belt" initiative was proposed in 2004 to promote cooperation between the two countries in many fields such as commerce, industry, … [Read more...] about Vietnam PM to attend Belt and Road Forum in Beijing
Technology impressively improves teaching quality in HCMC
Nguyen Binh Khiem Primary School located in District 1 of HCMC has just launched the project ‘Experimental Teaching in Social and Natural Science Subjects’ for third graders. Ms. Tran Bich Ngoc, teacher in charge of the lesson named ‘My Current City’, shared that she needed to integrate knowledge of various subjects like History, Moral lessons, Geography, Arts, and Music in order to present the content. Thanks to advanced equipment such as interactive boards and digital image databases, her pupils had a chance to observe attractive pictures, video clips about famous locations in HCMC like Ben Thanh Market, Nguyen Hue pedestrian street. Similarly, Le Quy Don Junior High in District 3 has introduced Mozabook software this year, taking advantage of its huge 3D database and simulation lessons so that students are able to obtain knowledge in the most exciting and colorful way. In one such lesson called ‘Green Mission’, learners first watch a documentary … [Read more...] about Technology impressively improves teaching quality in HCMC
Cross-cultural collective holds multimedia exhibition in HCMC
Arts Cross-cultural collective holds multimedia exhibition in HCMC By Vu Yen Wednesday, Dec 11, 2019,15:10 (GMT+7) Cross-cultural collective holds multimedia exhibition in HCMCBy Vu Yen Artists prepare for the Unexpected Jumps exhibition - PHOTO: VU YEN HCMC - Cross-cultural collective May Xay Sinh To (Blender) will organize a multimedia exhibition at the HCMC Fine Arts Museum in District 1 from December 12 to 29. The Unexpected Jumps exhibition depicts the city’s everyday changes, revealing unknown spaces in which the people are ready to jump and overcome obstacles, physically or mentally. The exhibition brings together students from HCMC Fine Arts University and artists Thy Nguyen Truong Minh, Emmanuelle Vincent and Pierre Larauza. It will showcase new works to the public, including paintings, sculptures, installations, videos, and art performances. Unexpected Jumps is the fruit of bilateral cooperation … [Read more...] about Cross-cultural collective holds multimedia exhibition in HCMC