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Huawei has suffered from 5G rollout bans in the US and a number of EU nations, with some leaders questioning the groups’ security. But it continued to grow in 2020, although slowdown in growth was reported. Revenue in the first nine months reached ¥671.3 billion ($103.57 billion), up 9.9 per cent from 2019, versus 24.4 per cent over the same period a year earlier. Net profit margin for the nine months was 8.0 per cent, versus 8.7 per cent over the same period a year earlier. … [Read more...] about Tech giants building on ICT potential

The 3rd National Congress of the Vietnam Workers’ Party takes place in Hanoi from September 5-10, 1960 (Photo: VNA) Workers and people in the southern region confront US invaders in 1964. (Photo: Archives VNA) Under the rain of bombs and bullets, soldiers, volunteers and militias build the Truong Son-Ho Chi Minh trail. The legendary trail, built from 1959 to 1975, made an important contribution to the victory of the resistance war against the US, becoming a symbol of Vietnam's revolutionary heroism in the 20th century. (Photo: VNA) President Ho Chi Minh meets with Kaysone Phomvihane, head of the Lao Party and Front delegation, during the latter’s friendship visit to Vietnam in 1966. (Photo: VNA Archives) President Ho Chi Minh meets Prince Norodom Phurissara, Minister of Foreign Affairs of Cambodia, during the latter’s visit to Vietnam, January 10, 1968. (Photo: VNA Archives) President Ho Chi Minh and members of the Politburo attend a … [Read more...] about Third Party Congress: Building socialism, reunifying country

First industrial park in Vietnam gains access to 5G network The Yen Phong 1 Industrial Park in northern Bac Ninh province has become the first park in Vietnam to gain access to the 5G telecom network, with the new technology launched onsite by Viettel on January 14. … [Read more...] about Hanoi builds smart city, speeds up 5G commercialization

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

Innovation in banking is not about competition with the rise of fintech – it is more about giving customers the best experience they can get. With that, Vietnamese commercial lender Techcombank has been positioning itself at the forefront of innovation in the country’s financial sector. Understanding this ultimate goal, Techcombank has been tirelessly transforming itself to deliver greater benefits to its customers. With a new CEO at the helm with decades of experience in overhauling and modernising famed banking institutions, Techcombank is speeding ahead in its pursuit for customer excellence through efficient utilisation of technology, data, and the human touch of simply asking the right questions. This year you left Siam Commercial Bank (SCB), one of the most prestigious banks in the region. What triggered you to choose Vietnam and specifically Techcombank? What I enjoy most is constantly changing and building things, helping organisations transform, and shifting … [Read more...] about Investing in innovation to aid growth potential