Corporate

In Viet Nam, after ten years of operation, Generali Vietnam currently has a nationwide network of more than 70 GenCasa (agency offices) and customer service centres, serving over 400,000 clients. — Photo Generali Vietnam Generali has been recognised among the “Most Honoured Companies” in the insurance sector in the All-Europe Executive Team annual ranking by the financial magazine and independent research company, Institutional Investor. Institutional Investor honoured Generali Group CEO, Philippe Donnet, who took second place overall in the "Best CEO" category. Group CFO, Cristiano Borean and Head of Investor & Rating Agency Relations, Giulia Raffo, took top spots in the “Best CFO” and “Best IR Professionals” categories, respectively. Generali was also ranked among the best companies in the “Best IR Program” and “Best Investor/Analyst Event” categories and took first place as the “Best IR Team”. The Institutional Investor ranking reflects the evaluations of over 1,500 …

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Reviewing production projects to ease difficulties and create export goods Vietnam's processing and manufacturing industries are highly dependent on imported input materials and components because of the country’s underdeveloped supporting industry, especially in key sectors such as electronics, textiles, leather, automobile manufacturing and assembling. Since the outbreak of Covid-19, many Vietnamese businesses have shifted to domestic suppliers to overcome global supply chain interruptions and save costs. “The move could promote the development of the manufacturing and assembly of finished products, turn Vietnamese key processing and manufacturing enterprises into big groups in the region, leading to supporting industry development,” the MoIT announced. Moreover, a large number of foreign businesses have flocked to Vietnam to access tax and investment incentives provided by various free trade agreements (FTAs) to which it is a signatory. The MoIT said foreign-invested …

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Chairwoman of the municipal People’s Council Nguyen Thi Le (2nd, R) and frontline healthcare workers visit Cu Chi Tunnel. (Photo: SGGP) Dr. Nguyen Hoang Chinh of Hanoi’s Bach Mai Hospital who traveled to HCMC to support the city’s healthcare sector in fighting the pandemic was one of the 108 tourists visiting the revolutionary historical relic site of Cu Chi Tunnel . He said that it was the first time that he visited Cu Chi Tunnel. The trip was an exciting experience to enjoy a pure and fresh atmosphere as well as learn about the heroic struggle of the army and people in Cu Chi. Chu Tu Tam, a fifth-year student of Military Medical Academy hoped to organize a trip for his family to visit HCMC’s destinations, including Cu Chi Tunnel. The self-contained tours on closed roads took visitors to Rung Sac Military Base, Dan Xay and Vam Sat Tourist Areas in Can Gio District; Ben Duoc Tunnels, Hoang Cam smoke-less stove, Tam Tan Ecological Tourist Area and other popular attractions in …

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On Bali island of Indonesia. (Photo: Anadolu) Jakarta (VNA) – Indonesia may allow foreign tourists to travel to the resort island of Bali and other parts of the country by October, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has said. Speaking during a September 19 press conference, he stated that tourists from the Republic of Korea, Japan, Singapore and New Zealand are under consideration to be the first ones to travel to the country, given the low virus spread in those nations. Reopening to foreigners hinged upon 70 percent of the target population receiving their first COVID-19 shot, Luhut said. Data of the Indonesia n Ministry of Health showed that more than 21 percent of the targeted 208 million have been fully vaccinated, while almost 40 percent have received their first shot. The number of new confirmed cases in Indonesia has dropped by 94.5 percent since a peak in mid-July, with the national hospital bed …

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The Vietnamese economy in the third quarter of 2021 has been severely affected by COVID-19, with all facets of the economy and enterprises left in the lurch. In this context, many commercial banks have taken the initiative in reducing cost and profit targets while increasing packages of preferential loans to give more support to people and enterprises. BAC A BANK always accompanies enterprises and individuals with preferential loans In addition to its fight against the pandemic and ensuring its staff and customers at transaction spots and keeping smooth operations to serve the economy’s demands, BAC A BANK has earmarked many types of attractive incentives for individual customers within September 7 to December 31, 2021, with the loans disbursed before January 31, 2022 at all branch systems of BAC A BANK nationwide. The preferential loans are aimed to help the customers to purchase real estate and automobiles, build and/or repair houses, supplement loans, and invest …

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About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change …

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A train runs on a completed section of the Nhổn-Hà Nội railway station (from Nhổn to University of Transport) in Hà Nội during a pilot operation in early July. — VNA/VNS Photo Trung Nguyên HÀ NỘI — The Nhổn-Hà Nội Railway Station project has been delayed due to difficulties in ground clearance. The 12.5km line, which is part of the Hà Nội Urban Railway Metro (HURM) project, was approved in April 2019. During seven years from 2009 to 2016, the project was at a standstill due to slow progress of ground clearance. In December 2018, the then Prime Minister issued a decision extending the project deadline until 2022. The construction of 4-km underground section with four stations from Kim Mã Street in Ba Đình District to Hà Nội Railway Station in Hoàn Kiếm District is sluggish. The project was also allowed to complete an elevated section of the Nhổn-Cầu Giấy part to put into operation first while finishing the underground section. Consequences According to …

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Ha Thai village produces a diversity of lacquer products (Photo: VietnamPlus) Hanoi (VNA) – The making of lacquerware in Ha Thai village of Duyen Thai commune, Hanoi’s Thuong Tin suburban district, dates back more than 200 years and has been passed down from generation to generation. However, this traditional craft is confronting numerous challenges, including the risk of falling into oblivion. Centuries-old village Lacquerware making in Ha Thai boasts a centuries-long history full of ups and downs. At present, about 70 percent of the local lacquerware making households have been included in a plan to form a large-scale production zone to meet environmental production requirements and develop the craft. It takes a large number of steps to create a sophisticated and beautiful lacquer item. All steps are closely linked with one another, a step missed can lead to an imperfect product in terms of both durability and aesthetics. Thuy, a worker of the An Huy Trading Services …

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This open-ended fund, which invests in high quality short-term fixed income securities and money market instruments, enables investors to generate stable returns while maintaining the flexibility of daily liquidity. VLBF’s current expected return of up to 4.4 percent per annum is significantly higher than current three-month term bank deposit rates and the less than one percent per annum that can be expected from bank current accounts. This makes it ideally suited to individual and corporate investors seeking higher returns on their cash holdings. The fund offers daily liquidity, with no lock-in period. Additionally, investors can access VinaCapital’s MiO website and mobile app to manage their portfolios anywhere and anytime. BIDV is the supervisor and administrator of VLBF. The fund’s first trading date will be 16 September 2021. Brook Taylor, CEO of VinaCapital Fund Management, commented, “VLBF is a great example of how VinaCapital is committed to delivering products that are …

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A directive to this effect issued Monday night by municipal People's Committee Chairman Chu Ngoc Anh would allow businesses, offices and corporations to resume on-site operations at 50 percent capacity – half the workforce working onsite and the other half remotely. Malls, fashion shops, cosmetic stores, barbershops, repair shops for vehicles and electrical appliances, stores that sell books, office and studying tools, business activities on e-commerce platforms and online delivery can resume, starting 6 a.m. Tuesday. Other establishments that will reopen include markets, supermarkets, convenience stores, pharmacies, clinics, rehab facilities and other essential businesses like banks and postal services. The decision does not apply to organizations belonging to the central government, armed forces, coronavirus fighting units, diplomatic entities and international organizations. However, conferences and gatherings with more than 20 people in the same room are banned, except for …

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