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According to reports by the Japanese media outlet, the Communist Party's economic tool of choice, the five-year plan, puts the technology sector at the centre of Vietnamese ambitions to become an upper-middle-income country by 2025. In an effort to meet this goal, Vietnam recorded a handful of high-profile investments last year, including Pegatron, a supplier for Apple and Samsung, and LG Electronics, which relies on the Vietnamese market for its vehicle and smartphone businesses. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

At the same time, NowFood witnessed fast growth in recent years, boasting 70,000 points of sale operating in 16 cities of more than 30 million people. NowFood will offer a discount code worth 20,000 VND for bills of at least 100,000 VND and 20 e-vouchers of 20,000 VND for new-registered food shops on the app. … [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

Established in 2015, Propzy is a real estate technology business which has successfully raised US$37 million from foreign investors like Gaw Capital and SoftBank, who poured $25 million in series A funding. The other investors include Next Billion Ventures, RHL Ventures, Breeze, FEBE Ventures, RSquare and Insignia. … [Read more...] about Propzy to support start-up

At that time, there were 1,800 people aged from 18 to 25 registered to join the program with Vietnam's Ministry of Health (MOH). They used medicines provided by MOH in 18 months and in that time there were no new cases of infection relating to this group of people. … [Read more...] about The international community supports Vietnam in the fight against HIV/AIDS