Boeing employees in March 2019 build a 737 MAX in Washington State. (AFP/Jason Redmond) Daniel Elwell, acting head of the US Federal Aviation Administration, threw cold water on hopes of a speedy resolution, after revealing late on Wednesday that Boeing had held off submitting a proposed software fix for review after his agency raised additional questions. Investigators have focused on the MAX's anti-stall Manoeuvring Characteristics Augmentation System in inquiries into the crashes in Ethiopia in March and Indonesia in October which left 346 people dead. Boeing last week said the MCAS update was ready for the certification process, and US airlines were hoping the planes could be back in the skies in time for part of the summer travel season. But Elwell on Thursday said the process could take one month, two months or longer. "It is all determined by what we find in our analysis of the application," he said on CNBC. Once Boeing has submitted all documentation, the FAA will conduct a … [Read more...] about Regulators ponder: When can Boeing”s 737 MAX fly again?
Challenges faced when conducting research
Driving for ride-hailing services is a new kind of freelancing in Việt Nam. — VNS Photo Khoa ThưViet Nam News More and more Vietnamese people are choosing to work freelance. The road, however, is not as smooth as it seems, according to insiders, Khoa Thư reports. HÀ NỘI – As the wind started howling, Bùi Văn Dương pushed himself out into the thick curtain of pouring rain. Having worked as a freelance driver for Grab for almost two years, the 30-year-old man knew for sure that he could not make any more cancellations that day. The ride-sharing platform is now understood differently in Việt Nam. Instead of offering lifts in your free-time for extra cash, many consider Grab driving a full-time job, creating a workforce of freelancers in the ride-hailing industry as other applications like Go-Việt, Vato or Be fight for market share. “To me, freedom was this job’s selling point,” Dương … [Read more...] about Freelancers in Việt Nam face chances and challenges
SCB signs deal with three Hong Kong banks Saigon Joint Stock Commercial Bank (SCB) and three Hong Kong banks on Monday signed a co-operation agreement on syndicated credit financing. Under the agreement, SCB, Hang Seng Bank Limited, Chong Hing Bank Limited and The Bank of East Asia Limited committed to support financial investment and ensure a stable financing source for Union Square Company Limited, which operates in the field of real estate. The signing was made within the framework of an investment development co-operation event held by the Viet Nam Chamber of Commerce and Industry (VCCI) in co-ordination with Hong Kong Trade Development Council (HKTDC) in HCM City on Monday. Also at the event, the four banks signed a strategic agreement for comprehensive and long-term co-operation in exchanging experience on investment and financial management, increasing business relations, conducting research and investment, and especially providing credit to local and foreign … [Read more...] about BUSINESS NEWS IN BRIEF 26/8
VIB buys back all bad debt from VAMC Vietnam International Bank (VIB) announced last week that it has repurchased more than VND1.46 trillion (US$64.2 million) worth of debt from the Viet Nam Asset Management Company (VAMC). With this move, VIB was recognised by the State Bank of Viet Nam and VAMC as one of four banks which required all bad debts that they sold to VAMC. Three others are Vietcombank, Techcombank and MBBank. Earlier in July, VIB released its financial report in the first half of 2018 with a profit of over VND1.15 trillion ($51 million), triple that of the same period last year, or equivalent to 57 per cent of the yearly target. During the period, the banks’ net revenue reached VND2.7 trillion, up 56 per cent year-on-year, while its lending saw a yearly rise of 9 per cent to VND91.7 trillion. From January to July, VIB’s Capital Adequacy Ratio (CAR) was maintained at 12.5 per cent while the cost-income ratio (CIR) stood at 49 per cent, … [Read more...] about BUSINESS NEWS IN BRIEF 8/8
Businesswomen still face obstacles in VietnamBy Hung Le Female entrepreneurs discuss at the forum - PHOTO: HUNG LE HCMC – Vietnamese women have greater interest in business than those in other countries in the region, but they have encountered a host of challenges along the path to leadership, heard a forum held in HCMC on July 10 on training female entrepreneurs to acquire leadership and business development skills. Speaking at the forum jointly organized by the Vietnam Association of Women Entrepreneurs (VAWE) and the US Agency for International Development (USAID), Chairwoman of the Vietnam Women Entrepreneurs Council Nguyen Thi Tuyet Minh said the proportion of Vietnamese women aspiring to enter the business realm is quite high, and this was confirmed by international organizations and foreign firms via on-site surveys. Minh cited a survey from Facebook as indicating that four out of five Vietnamese women want to establish their own business. The survey was conducted … [Read more...] about Businesswomen still face obstacles in Vietnam