About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change …
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Hanoi allows barbershops, malls, on-site workers
A directive to this effect issued Monday night by municipal People's Committee Chairman Chu Ngoc Anh would allow businesses, offices and corporations to resume on-site operations at 50 percent capacity – half the workforce working onsite and the other half remotely. Malls, fashion shops, cosmetic stores, barbershops, repair shops for vehicles and electrical appliances, stores that sell books, office and studying tools, business activities on e-commerce platforms and online delivery can resume, starting 6 a.m. Tuesday. Other establishments that will reopen include markets, supermarkets, convenience stores, pharmacies, clinics, rehab facilities and other essential businesses like banks and postal services. The decision does not apply to organizations belonging to the central government, armed forces, coronavirus fighting units, diplomatic entities and international organizations. However, conferences and gatherings with more than 20 people in the same room are banned, except for …
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VIETNAM NEWS HEADLINES SEPTEMBER 18
Vietnam to attend ASEM Cultural Festival 2021 Vietnam and 10 other countries have signed up to participate in the ASEM Cultural Festival (#ASEMfest), a side event of the 13th Asia-Europe Meeting (ASEM) to be hosted by Cambodia in November. The ASEM Cultural Festival 2021 is scheduled to get underway between November 22 and 26. This international cultural event will be held virtually with the main activities such as performing arts, and the screening of feature films and documentaries, as well as the exhibition which would be held in hybrid format at the National Museum of Cambodia. The festival aims to explore the cultural diversity and promote the exchange, cooperation and artistic creation between the cultures of both regions, contributing to enhancing cooperation and development between the ASEM partner countries. Joining as a founding member of ASEM in 1996 marked an important step in the implementation of Việt Nam's policy of open foreign policy, multilateralisation and …
VIETNAM NEWS HEADLINES SEPTEMBER 19
HCM City under pressure to reopen economy: municipal leader Residents at a vaccination site in HCM City. Ho Chi Minh City is committed to enforcing vigilant pandemic prevention measures when it reopens the economy after months of strict lockdown measures, said a city leader. Speaking at a meeting with economic and medical experts last earlier this week, Secretary of the municipal Party Committee Nguyen Van Nen said: “The city is under huge pressure to reopen the economy or it will be too late.” The level of suffering of the economy and people has reached its limit due to prolonged lockdown measures. As such, the city will develop a roadmap for reopening so that it can adapt to and live safety with the virus, he said. The city will gradually narrow down areas with very high risks and try to expand the number of low-risk areas, according to Nen. Vu Thanh Tu Anh, Director of the Fulbright School of Public Policy and Management, said that reopening for economic …
Slow ground clearance hindering Nhổn-Hà Nội Railway station metro line
A train runs on a completed section of the Nhổn-Hà Nội railway station (from Nhổn to University of Transport) in Hà Nội during a pilot operation in early July. — VNA/VNS Photo Trung Nguyên HÀ NỘI — The Nhổn-Hà Nội Railway Station project has been delayed due to difficulties in ground clearance. The 12.5km line, which is part of the Hà Nội Urban Railway Metro (HURM) project, was approved in April 2019. During seven years from 2009 to 2016, the project was at a standstill due to slow progress of ground clearance. In December 2018, the then Prime Minister issued a decision extending the project deadline until 2022. The construction of 4-km underground section with four stations from Kim Mã Street in Ba Đình District to Hà Nội Railway Station in Hoàn Kiếm District is sluggish. The project was also allowed to complete an elevated section of the Nhổn-Cầu Giấy part to put into operation first while finishing the underground section. Consequences According to …
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Efforts made to bring a special Mid-Autumn Festival for kids amid COVID-19 pandemic
A representative of HCM City's Youth Union wears the costume of Hằng Nga, a traditional character of the Mid-Autumn Festival, as she presents gifts for children of migrant workers in dormitories in HCM City. VNA/VNS Photo HCM CITY – Many children in HCM City, the country’s coronavirus epicentre, have enjoyed a special Mid-Autumn Festival this year despite social distancing regulations thanks to joint efforts of authorities, organisations and volunteers. In the past three days, the dormitories of migrant workers in Sơn Kỳ, Tây Thạnh wards in Tân Phú District; Tân Nhựt, An Phú Tây wards in Bình Chánh District; and Hiệp Phước Industrial Zone in Nhà Bè District have been full of the sounds of happiness with children’s laughter. Youngsters celebrated their Mid-Autumn Festival with mooncakes, milk, small boxes of candy and biscuits, as well colourful paper lanterns. These are in gift packages for the full-moon festival local authorities, youth unions and benefactors, in the …
What’s on September 20-26 (Daily updated)
MUSIC & ENTERTAINMENT Online Premiere: Split Until Oct 23, 11 pm From Goethe Institut: When confined to a small space, with no contact with the outside, encounters are not any more, everything just takes place in a space so familiar that it seems boring, will we cut off all associations? Or is it the time to connect to oneself – something that we occasionally forget? Each time like that, people “split” themselves. “Split” is the breaking in piece, angled deeply inwardly. When outer space is limited, people discover emotions hidden deep within themselves, observe themselves under different beings, both separate and mixed, sometimes very confusing. “splitting” without separation, split to open, for stopping but clarifying, for reflection and for connecting. The contemporary dance performance consists of three parts: ‘Stop’ – ‘Confide’ – ‘The cover’ Dancer: BAYDANC (Lê Trần Thảo Nhi, Hoàng Lan Phương, Phạm Ngọc Toàn) Musician: Nguyễn Thị Thùy Linh …
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Enterprises in industrial parks in two ‘safe districts’ in HCM City resume operation with half staff
Workers at the seafood processing area of APT company in HCM City. The HCM City Export Processing Zones and Industrial Parks Authority has approved a pilot programme to allow enterprises in EZs and IPs in District 7 and Củ Chi District, where the outbreak is under control, to resume operation. VNA/VNS Photo Xuân Anh HCM CITY — The Management Board of HCM City Export Processing Zones and Industrial Parks Authority (HEPZA) has approved a pilot programme to allow enterprises in export processing zones and industrial parks in District 7 and Củ Chi District, considered ‘safe’ districts, to resume operation beginning Monday. Enterprises must ensure pandemic prevention measures according to the guidelines of the Health Ministry, as well as meet the set of criteria for safe production. The number of employees must not exceed 50 per cent of the enterprises’ total number. Enterprises must ensure that only employees granted Covid “green cards” are allowed to work. The employees must reside …