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The banking industry needs to continue investing in shared payment and credit information infrastructures. Prime Minister Pham Minh Chinh requested that the banking industry focus on completing the legal framework to facilitate its digital transformation activities. Prime Minister Pham Minh Chinh addresses the event. Photos: SBV On the Digital Transformation Day of the banking industry on August 4, the Prime Minister called on the State Bank of Vietnam (SBV) to soon submit to the government a draft decree on the pilot mechanism to control fintech operation. The SBV should also continue to invest in shared payment and credit information infrastructures to bring benefits to individuals and businesses, Chinh stressed. Nguyen Thi Hong, the SBV’s Governor, said in implementing the national digital transformation, businesses and people are regarded as the center and beneficiaries of the process. “The goal of the banking digital transformation is to improve the … [Read more...] about Banking industry urged to complete digital transformation legal framework

In its financial report for the second quarter, Apple announced a record revenue of $83 billion, up 2% year-on-year, despite the volatile market situation. "We set June quarter records in the Americas, in Europe and in the rest of Asia Pacific region. We also saw June quarter revenue records in both developed and emerging markets with very strong double-digit growth in Brazil, Indonesia and Vietnam and a near doubling of revenue in India," Cook said during the company’s earnings call late July. He said the company continues to "execute across some significant geographies with low penetration of iPhones between Indonesia, Vietnam and India where we did quite well." The company's strategy is to use its smartphone model to expand its presence, with promotion of other products to follow. "iPhone tends to be the engine for those markets, particularly at the beginning of creating the market there for Apple products." Apple did not specify the growth rate for each region. However, … [Read more...] about Vietnam a market with highest potential: Apple CEO

At the meeting The Ministry released the information at today's third session on digital transformation at the government headquarters chaired by Prime Minister Pham Minh Chinh, Chairman of the National Committee on Digital Transformation. According to the work plan, the National Committee on Number Transformation meets quarterly. The third meeting aimed to evaluate digital transformation results in the first six months of 2022 and identify solutions and tasks for digital transformation in the coming time. The meeting was connected to the headquarters of ministries, ministerial-level agencies, governmental agencies, and people's committees of provinces and cities virtually. Addressing the opening session, Prime Minister Pham Minh Chinh stated: The document of the 13th Party Congress has identified the national digital transformation as a very important task, associated with three main pillars including the digital government, the digital economy and the digital society in … [Read more...] about Cashless transaction volumes increase by 76 percent in first 5 months: Ministry

HCMC will deploy electronic one-stop information system for handling administrative procedures Today, speaking at the national online conference on the preliminary review of 6 months of implementing Project 06 on developing the application of population data, identification and electronic authentication for national digital transformation in the 2022-2025 period with a vision to 2030, Vice Chairman of the municipal People's Committee Duong Anh Duc emphasized that the Government's Project 06 is implemented when the southern metropolis is determined to implement the digital transformation program for the building of the smart city, and putting into operation the shared data warehouse, all of which have facilitated the implementation of the Project 06. There are 403 online public services at level 3, and level 4 in HCMC and 25 essential public services under the Government's Project 06. According to Vice Chairman Duong Anh Duc, with the aim to improve the quality of administrative … [Read more...] about HCMC to deploy one-stop information system for handling administrative procedure

This year, Hanoi targets the PAR Index score to reach 92.55, four points higher than the 88.54 points recorded last year and moving up one or two places in the ranking. Hanoi aims to further improve its performance in the Public Administration Reform Index (Par Index), rising above its 10th position last year to ensure a higher quality of public services and public satisfaction. Citizens submitting administrative requests at Thanh Tri District People's Committee. Photo: The Hanoi Times This year, Hanoi targets the PAR Index score to reach 92.55, four points higher than the 88.54 points recorded last year and moving up one or two places in the ranking. To realize this goal, the municipal People’s Committee has released an action plan to maintain the last year's high scores of sub-components and assign the Department of Internal Affairs to map out measures and address fields in which modest grades were scored. Among the key criteria, the city’s authorities … [Read more...] about Hanoi eyes further improvements in public services quality

According to an update on Global M&A Industry Trend conducted by PwC, pharmaceuticals, life sciences, and healthcare services continue to attract high levels of investor interest, and this trend will continue through the rest of the year. Ngo Thanh Hai and Nguyen Dieu Quynh from LNT & Partners There are three main reasons that M&As in pharmaceuticals could still be the future trend in Vietnam. Firstly, in the face of growing demand and rapid technological innovation, pharmaceutical companies must continuously improve and develop their research and development departments before their patents expire. Therefore, they will be ambitious to acquire smaller companies with existing conditions. Secondly, to expand the business in Vietnam, the investors will need to consider opening a manufacturing plant or acquiring a current plant from domestic companies. Under World Trade Organization commitments, foreign investors can import but cannot distribute drugs to the … [Read more...] about Are M&As still a top trend in the pharma market?

Addressing the event that gathered more than 130,700 delegates nationwide, Chinh, also Chairman of the National Steering Committee on Digital Transformation, said the project aims to organize public services to serve the people through a digital environment. The Government leader stated the difficult and far-reaching work requires great concentration, determination, and efforts coupled with drastic actions. As heard at the function, the Government has so far held 16 meetings, issued one decree, one dispatch, and seven notifications, with four resolutions of its regular meetings involving directions on the project. As per Project 06, within this year, the old and new versions of citizen IDs will be integrated, enabling the e-identification of all citizens. The connection and sharing of data between the national population and tax databases are expected to complete in the first quarter of 2022, while personal paper documents, including health insurance card, driving license, job … [Read more...] about PM chairs nationwide virtual conference reviewing digital population data project

Prime Minister Pham Minh Chinh (center) speaks at the event. (Photo: VNA) Addressing the event that gathered more than 130,700 delegates nationwide, Chinh, also Chairman of the National Steering Committee on Digital Transformation, said the project aims to organise public services to serve the people through a digital environment. The Government leader stated the difficult and far-reaching work requires great concentration, determination, and efforts coupled with drastic actions. As heard at the function, the Government has so far held 16 meetings, issued one decree, one dispatch, and seven notifications, with four resolutions of its regular meetings involving directions on the project. At the event (Photo: VNA) As per Project 06, within this year, the old and new versions of citizen IDs will be integrated, enabling the e-identification of all citizens. The connection and sharing of data between the national population and tax databases are expected to complete in the … [Read more...] about PM chairs conference reviewing digital population data project

The PM made the statement while addressing a Hanoi ceremony to celebrate MoNRE’s 20th anniversary (August 5, 2002 - 2022) where he presented the ministry with a first-class Labour Order. He urged the ministry to complete and put into use a centralized, multi-purpose, integrated and interconnected national database on land by 2025 at the latest. The ministry must also enhance the efficiency of the management and use of natural resources while addressing issues related to land and mining management and effectively responding to decline and depletion of water resources to maintain water security, he added. It must also develop a mechanism for sharing resources and resolving disputes in trans-boundary water management and use, particularly along Mekong and Red Rivers, the PM said. He called on MoNRE to unleash potential of coastal areas and bring their advantages into full play, and to build a world-standard ocean and coastline governing system, referring to the fact that Vietnam … [Read more...] about Environment ministry urged to accelerate digital transformation

Decarbonisation Sustainability is now on the main agenda of countries, also be a social license for companies. Multinational real estate firms such as Frasers Property are in a privileged position to play a major role in reducing their carbon footprint. In line with group-wide sustainability goals, Frasers Property Vietnam is making significant progress towards its main sustainability goals. These are: being a net-zero carbon corporation by 2050; being climate-resilient and establishing adaptation and mitigation plans by 2024; green-certifying 80 per cent of its owned and asset-managed properties by 2024; financing the majority of its sustainable asset portfolios with green, sustainable financing by 2024; and training all of its employees on sustainability by 2021. Frasers Property recognises that emerging technologies and solutions will be critical to help the company accelerate its sustainability goals, so it is an ongoing journey to keep track of these possibilities and … [Read more...] about Frasers property towards 4Ds perspective