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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

UNDP Resident Representative in Vietnam Caitlin Wiesen said Vietnam was one of only a few countries in the world to post GDP growth in 2020, of 2.91 percent, and for the first time it was ranked by the UNDP as among the High Human Development Group, with growth of 46 percent in its Human Development Index (HDI) during the 1990-2019 period, one of the most rapid transitions to high human development in history. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

There are only about 20 days until Tet, so more people are out and about shopping. To ensure safety, Tran Van Chung, deputy director of the Hanoi Department of Health, said that inspectors would focus on checking food businesses’ COVID-19 prevention and control in supermarkets, restaurants, shopping malls and markets. Those that fail to comply with pandemic preventive measures would be penalised. … [Read more...] about VIETNAM NEWS JANUARY 21

As such, aside from traditional options, namely check-in service at conventional counters, Bamboo Airways now offers various alternatives for passengers to complete the boarding procedures by preferences, from web check-in, mobile check-in, in-town check-in in FLC resort complexes to the newest kiosk check-in. With a wide range of check-in options, Bamboo Airways’ passengers are now able to enjoy easier, more convenient flights. … [Read more...] about Bamboo Airways implements automatic check-in service in kiosks, accelerating digital transformation