Business services support

According to a Visa report, online business may be a tough nut to crack for SMEs. Therefore, the company is able to support them through collaboration with popular e-commerce partners, including Shopee - the leading e-commerce platform in South East Asia and Taiwan; and NowFood, a pioneer in food delivery operating across Vietnam. … [Read more...] about Visa supports online firms amid COVID-19 pandemic

Profits come from service diversification Looking at the profit results of the four State-owned commercial banks (Big 4), Vietcombank had a pre-tax profit of nearly VND23.1 trillion (approximately US$1 billion) - the highest level in the banking system, helping the lender to be in the list of 200 groups with the highest profit in the world. Vietcombank's credit growth in 2020 was higher than the general growth rate of the banking system, at 14 percent. This is also the highest credit growth ever of this lender and the highest in the banking industry. The pre-tax profit of Vietinbank also reached VND16.45 trillion, up 43.5 percent over the previous year due to good credit growth. The recent report of Agribank shows that not only did the business results continue to improve, Agribank's administrative costs in 2020 were also being cut by 10 percent, helping the bank's pre-tax profit to touch nearly VND12.87 trillion, VND369 billion, or approximately 3 percent, higher than the plan. It … [Read more...] about Banks continue to lower interest rates further to support economic growth

“While applications of 4IR technologies will help the country move up the value chain in products and services, Vietnam should consider new approaches to ensure inclusion and social protection for entry-level workers, especially those at risk of job displacement, and those who need upskilling,” said Andrew Jeffries, country director for Vietnam of ADB. “Adequate and timely investments in skills development can help the country not only to harness the potential of 4IR to increase productivity but also ensure that 4IR will benefit workers at large.” … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

For its part, Ha Giang will provide data about local destinations, scenic spots, historical sites, culture and food to be incorporated in the Smart Travel system. The provincial authorities will also support the connection with local organisations and businesses to develop tourism through digital transformation. The Smart Travel tool features advanced technologies such as virtual reality, augmented reality, big data and online shopping designed to meet the needs of tourists, businesses, service providers and regulators alike. Through its data collection and analysis services, tourism authorities will be presented with an overview of their local tourism’s advantages and disadvantages so that they can introduce appropriate policies. On the same day, VNAT also signed an agreement with Ha Giang to help the province create and develop tourism products, promote the brand of Ha Giang tourism and develop the workforce for tourism. VNAT Director Nguyen Trung Khanh said the … [Read more...] about Ha Giang looks to boost tourism with digital transformation and smart services

The two biggest sponsors of the pre-exposure prophylaxis of HIV infection program was The President's Emergency Plan For AIDS Relief (PEPFAR) and The Global Fund to Fight AIDS, Tuberculosis, and Malaria. With their support, the program was extended fast, from Ho Chi Minh City to Hanoi. Until now there are 27 provinces/cities in Vietnam have implemented the program. … [Read more...] about The international community supports Vietnam in the fight against HIV/AIDS