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Customers at a BaoViet Bank's office in Hà Nội. — VNA/VNS Photo Allowing banks access to Việt Nam's population database has set the foundation for the banking sector to expand and provide digital services to more customers, as well as improve security, prevent fraud and identity theft, according to the State Bank of Vietnam's (SBV) Deputy Governor Phạm Tiến Dũng. The central bank has already given the green light to commercial banks to roll out remote account opening using e-KYC, short for Electronic Know Your Customer, making many traditional banking services such as making deposits, loans and payments available digitally. "Customer authentication and security are among the sector's most important priorities. Having access to the national database will allow credit institutes to verify and assess customers' credit rating, speeding up the lending process," he said. Lê Hoàng Chính Quang, deputy director of the SBV's IT Department, said the Ministry of Public Security (MPS) has … [Read more...] about Population database key to improving banking security

This partnership represents a clear commitment by both parties to address climate change within their value chains. DHL Express, the world’s leading international express service provider, on September 19, signed its GoGreen Plus service contract with Asia Commercial Joint Stock Bank (ACB) to reduce carbon emissions for its time-definite international (TDI) shipments through the use of sustainable aviation fuel (SAF). By investing in GoGreen Plus, ACB is estimated to reduce 14 tons worth of total CO2 emissions within a 12-month period. DHL Express and ACB sign the GoGreen Plus contract. Photo: DHL The whole process is verified annually by an independent third-party agency, Société Générale de Surveillance (SGS). In addition, a complementary Carbon Footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express . “We believe that corporate social responsibility and business success always go hand in hand. … [Read more...] about DHL Express partners with ACB to cut carbon emissions using sustainable aviation fuel

In January 2000, we established our first branch in San Jose, California, the heart of Silicon Valley. The director of that branch was a patriotic diasporic Vietnamese. But the American Dream did not come true for us. After merely one year of operations, FPT USA had to temporarily stop operating due to a lack of customers. We tried everything, with different people attempting to take the reigns of business development. From a Vietnamese expat to a graduate from prestigious MBA programs. What we received were critics, portraying our managers as "delusional about our corporate capability" and our programmers "weak in both expertise and language skills." It was a total failure. No one cared about a nameless company from Vietnam, a country only known then for the prolonged war. One of our then-potential customers was surprised to learn that it only took one hour to fly from Hanoi to Bangkok. He could not imagine the locations were so close, despite his own flying to Bangkok quite … [Read more...] about Working with American business partners requires understanding their way of thinking

Nghiem Xuan Da, chairman of the Vietnam Steel Association (VSA), said, "The CBAM is the latest challenge for Vietnam's steel industry amidst an already tough business climate as it tries to increase exports to Europe under the EU-Vietnam Free Trade Agreement (EVFTA)." The CBAM is the EU's landmark attempt to put a fair price on carbon emissions produced from carbon-intensive goods entering the EU. It aims to encourage cleaner industrial production in non-EU countries. According to the VSA, Vietnamese steel exports to the EU have been on a positive trajectory thanks to the implementation of the EVFTA in August 2020, along with the recent shortfall in steel supply to the EU. Steel exports in the first six months of 2023 reached 1.36 million tonnes, with export turnover reaching about $1 billion, an increase of 1.5 times compared to the same period in 2022. In response to the new policy, Posco Yamato Vina Steel (Py Vina), under South Korea's Posco Group, is researching a new … [Read more...] about CBAM may hinder EVFTA advantages for steel industry

Photos of more than 60 colourful traditional costumes of various ethnic groups across Vietnam are being displayed on Google Art and Culture platform. (Google screenshot) Hanoi (VNA) - A collection of hundreds of high-quality photos depicting the culture and life of 54 ethnic minority groups across Vietnam is being on display for the first time on the global digital platform , Google Arts & Culture. The exhibition, titled "Precious Heritage Art Gallery Museum" by French photographer Réhahn Croquevielle, includes vibrant photos showcasing over 60 colourful traditional costumes from various ethnic groups such as Dao, Bo Y, O Du, Phu La, La Hu, Pu Peo, Pa Then, and Si La. It also features interesting stories and unique artefacts that the author collected during his journey throughout Vietnam, discovering the beauty of the country and its people. Information on each photo is provided in Vietnamese, English, and French. Images of 54 ethnic groups living in the … [Read more...] about Cultural space of Vietnam’s 54 ethnic groups presented on “digital museum”

Pho, often considered the essence of Vietnamese cuisine, has evolved over time to cater to a wide range of tastes and preferences. In Hanoi, roasted chicken pho is an unconventional and lesser-known delight. Around a month ago, Nguyen Xuan Kien, 49, introduced his roasted chicken pho at 116B6 Kim Lien Street, Dong Da District, and it quickly became a sensation within Hanoi's food communities. Around noon, the kitchen buzzes with chefs hard at work. Each with a distinct role: some shred the chicken, while others blanch the pho noodles. There are those who pour the broth, and the team ensures seamless order-taking and impeccable service for the valued guests. "I spent nearly a decade as a chef at the Kim Lien Hotel. Following that, I ventured into the restaurant business in 2009. Gradually, I delved into creating roasted chicken dishes. I've always been drawn to doing things differently. A few years back, the idea of combining traditional pho with roasted chicken … [Read more...] about Savoring Hanoi’s newest delight: roasted chicken pho

Chairman of FPT IS company Trần Đăng Hòa debuts the introduction of the first R&D in Đà Nẵng. The company has developed a series of technological solutions to support Đà Nẵng in the digital transformation process. — Photo courtesy of Phạm Vân Anh The FPT Information System company (FPT IS), a member of the FPT Group, has debuted its Research and Development (R&D) centre at Massada Industrial Park, underscoring a commitment to innovation, digital transformation, and technological solutions in the city and the global market. The introduction of the R&D and representative office will help forge a link in co-operation between domestic and international businesses in clean and renewable energy, carbon index accreditation, positioning Đà Nẵng as an international centre for innovation and advanced technological solutions providers. Chairman of FPT IS Trần Đăng Hòa said the company has developed 60 key technological solutions, including semiconductor chips, an automation … [Read more...] about FPT IS debuts R&D centre in Đà Nẵng

The Army Officer Candidate School No.1 launched the 2023-2024 academic year. In the past academic year, the school implemented numerous solutions, successfully fulfilling its mission, completed the development of output standards for training programs, modules, and subjects for various student groups. They also developed training programs and exercise plans aligned with practical requirements and combat readiness of military units. The school's teams participated in military and national-level competitions, achieving top awards. During the 2023-2024 academic year, the Army Officer Candidate School No.1 will continue to innovate its curriculum, training methods, and improve teaching effectiveness, combining fundamental training with comprehensive student development. * The same day, the Artillery Officer Candidate School held the opening ceremony for the new academic year. In the previous academic year, 100% of graduating classes achieved good results, with 51 teams and 330 … [Read more...] about Military schools commence 2023-2024 academic year

The building of the road using sea sand belongs to a pilot project of the Ministry of Transport to replace river sand with sea sand in construction projects. Running nearly 1 km long, the road is linked with the under-constructed Can Tho – Ca Mau Expressway and is now used for trucks to transport building materials to serve the expressway's construction. The section where sea sand was used stretches 300 m long. The rest of it is built with river sand for quality comparison. Work started on the section in late March and was completed early this month. To build it, around 5,000 cubic meters of sea sand had been extracted off the coast of nearby Tra Vinh Province. According to the Transport Ministry's My Thuan Project Management Board, which manages the road's construction, the section built by sea sand has shown no abnormal signs in quality. "The results obtained from the sea sand pilot are very positive until now," said the board's director Tran Van Thi. Environmental … [Read more...] about Sea sand used in Mekong Delta road construction amid river sand shortage

Headquarters of the State Bank of Vietnam in Hà Nội. Some experts believe the SBV can still cut the policy interest rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. — Photo sbv.gov.vn Experts have different forecasts about the time when the State Bank of Vietnam (SBV) will lower its policy interest rate. While some experts expect the rate to decrease by 0.5-1 percentage point at the end of the third or fourth quarter of this year, others believe the rate will be kept unchanged. According to some experts, although rising pressure on the foreign exchange rate and inflation are the main factors affecting the SBV's ability to continue lowering the policy rates in the remaining months of this year, the SBV can still cut the rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. Banking expert Nguyễn Trí Hiếu forecasts that deposit interest rates will … [Read more...] about Different forecasts made for policy interest rates in the rest of 2023