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Pham Toan Vuong, Deputy General Director of Vietnam Bank for Agriculture and Rural Development (Agribank), said his bank’s outstanding loans to individual customers have continued to grow over past years, adding that in 2020, individual customers accessed nearly VND840 trillion worth of loans, a year-on-year increase of more than 7 per cent. … [Read more...] about Development of consumer finance: vital to fight black credit

Another example of showing its ambition in Vietnam is the recent announcement of the 10 local startups shortlisted for the Qualcomm Vietnam Innovation Challenge, a competition for local startups. These shortlisted startups focus on technology areas such as smart cities, Industry 4.0, the Internet of Things (IoT), agriculture, and machine learning which also overlap with the priorities of the Vietnamese government. … [Read more...] about Tech giants building on ICT potential

A rise in both the number and the value of mergers and acquisitions (M&As) in Vietnam last year and early this year have signaled that M&As are booming in the country. According to auditing firm Pricewater House Coopers (PwC)’s statistics, there were 295 M&As worth a combined 1,138 million USD in the country last year, up 77 percent over the previous year. In the first quarter of this year, the market was more ebullient with larger acquisitions: the Vietnam Industrial and Commercial Bank (Vietinbank) sold 10 percent and 15 percent of its statutory capital to the International Finance Corporation (IFC) and Canada ’s Nova Scotia Bank respectively, and VNPT Global sold 10 percent of its shares to the Singapore Technologies Telemedia (ST Telemedia). Notably, the Hung Vuong Fishery Joint Stock Company (HVG) offered to buy 3.75 million shares of the An Giang Fishery Import-Export Joint Stock Company (AGF) in a bid to raise its share in AGF to 51 … [Read more...] about M&A boom building up steam in Vietnam

What are Techcombank’s operational metrics for the second half of the year, and how will you receive new demand arising from the pandemic and support those affected? Our credit growth will continue the momentum. We will probably see acceleration compared to the beginning of the year. In terms of non-performing loans (NPLs), we’re in a good spot. A lot of our credit exposure is in areas which are less affected by COVID-19. The exposure mainly sits in real estate and mortgages, with relatively less impacted customers. The overall number of NPLs will be very stable. … [Read more...] about Investing in innovation to aid growth potential

PolyU's International Summer School offers a diversified range of intellectually stimulating subjects in three thematic academic areas, namely "Chinese Language, Culture and Society", "Design, Innovation and Technology", and "Business, Entrepreneurship and Global Leadership".  Participants can earn credits by attending distinctive courses taught by PolyU professors. They can also select some interesting and experiential classes like Wine Tasting, Elementary Cantonese, Japanese Culture, Artificial Intelligence and Science Fiction. … [Read more...] about PolyU to roll out International Summer School 2021