Deputy PM Vuong Dinh Hue and AEON Financial Service Chairman Masaki Suzuki - Photo: VGP The Japanese businessman stated that AEON considers Vietnam as its key investment destination in Southeast Asia with plans to open 30 shopping centres with a total capital of US$5 billion, which is expected to create jobs for 50,000 local people. Recently AEON signed a memorandum of understanding with Vietnam’s Ministry of Industry and Trade on increasing Vietnamese exports. Last year, the company exported US$250 million worth of goods and the figure is expected to rise to US$500 million this year. Masaki Suzuki said that, in addition to retail, AEON also operates in financial services, adding that it is planning to expand to this area in Vietnam by acquiring foreign or state-owned financial service companies. Highly praising AEON’s opening of new shopping centres and exporting of Vietnamese goods to Japan, Deputy PM Hue stated that this is a sustainable way for AEON to do business in … [Read more...] about Deputy PM meets with AEON Financial Service chairman
Anand rathi financial services
Deputy PM Hue meets with AEON Financial Service chairman
The Japanese businessman stated that AEON considers Vietnam as its key investment destination in Southeast Asia with plans to open 30 shopping centres with a total capital of US$5 billion, which is expected to create jobs for 50,000 local people. Recently AEON signed a memorandum of understanding with Vietnam’s Ministry of Industry and Trade on increasing Vietnamese exports. Last year, the company exported US$250 million worth of goods and the figure is expected to rise to US$500 million this year. Masaki Suzuki said that, in addition to retail, AEON also operates in financial services, adding that it is planning to expand to this area in Vietnam by acquiring foreign or state-owned financial service companies. Highly praising AEON’s opening of new shopping centres and exporting of Vietnamese goods to Japan, Deputy PM Hue stated that this is a sustainable way for AEON to do business in Vietnam. He also expressed his support for the firm’s planned expansion into … [Read more...] about Deputy PM Hue meets with AEON Financial Service chairman
Trust Union launches financial service dapp in HCMC
Trust Union launches financial service dapp in HCMCBy Minh Tuan Trust Union CEO Markus Patrick Chan (C) at the launch ceremony of Trust Union dapp - PHOTO: MINH TUAN HCMC - Trust Union dapp, the world’s first personal financial relationship and credit asset management service platform based on blockchain technology, was launched by Hong Kong-based Trust Union Company in HCMC last week. The dapp is expected to establish an efficient and secure data and value chain for financial relationships between individuals by providing effective lender-borrower matching and smart contracts. All personal financial data is securely encrypted using blockchain technology, ensuring there is no privacy leak within the chain. Under Trust Union dapp’s Smart Contracts, the borrower’s receipt is created instantly, matching the loan request with idle cash. In the Financial Light Intelligence Contract Library, lenders and borrowers can easily set contract terms such as loan amount, … [Read more...] about Trust Union launches financial service dapp in HCMC
ASEAN’s financial services sector to outpace more mature market
Illustrative photo (Photo: ASEAN SAS) Jakarta (VNA) – PricewaterhouseCoopers (PwC) has predicted that the financial services sector in ASEAN will outpace that of more mature markets, according to the ASEAN Post. An article on “The future of ASEAN financial services” on the ASEAN Post on September 19 highlighted economic achievements of the Association of Southeast Asian Nations (ASEAN) over the past 20 years. After the financial crisis of 1997 swept across Asia devastating many, including the Southeast Asian community, the ASEAN has strived to pull itself back together and has since flourished as an economy, the article said. The bloc now has a combined GDP of 2.4 trillion USD and is collectively the third fastest growing Asian economy after China and India. The financial crisis that damaged the region has proven to be a blessing in disguise, it reads, with most countries going on to build strong foundations for economic growth. One such driver of growth is … [Read more...] about ASEAN’s financial services sector to outpace more mature market
Fintech primed to boost financial services sector in Vietnam
Adrian Chng, GoBear CEO: Fintech primed to boost financial services sector in Vietnam Vietnam is setting records. Notably, at the end of last year, it was named one of the world’s Top 20 internet users with 64 million connected people and in January this year, Vietnam claimed the title of the world’s fastest growing wealth hub, clocking in 210 per cent wealth growth between 2007 and 2017. This is the reason that Forbes declared the country ‘every keen investor’s must-watch’ for 2018. Besides, It means that Vietnam sits at the beautiful intersection where personal finance meets inevitable innovation. In the last five years alone, Vietnam has experienced the entry of over 40 new fintech players, such as online payment platforms Mobivi and Momo, as well as the country’s first fully digital bank Timo. One of these is financial products comparison platform GoBear, one of Asia’s fastest growing startups that has recently undergone leadership … [Read more...] about Fintech primed to boost financial services sector in Vietnam