Foreign banks have been expressing eagerness to jump on the mergers and acquisitions (M&A) bandwagon in the banking sector. The case of JTrust conglomerate from Japan recently joining the restructuring of Construction Bank (CBank) has raised the possibility of cross-border bank M&A accelerating the speed of banks reorganising in Vietnam with the government’s support. JTrust has announced that they have carried out intensive research to understand the restructuring process of CBank, according to Nobiru Adachi, director of JTrust Asia. They also propose some supportive actions from the Vietnamese government and the State Bank of Vietnam (SBV). Construction Bank (CBank) is on the cusp of restructuring According to Deputy Prime Minister Vuong Dinh Hue, the Vietnamese government would like to co-operate with clients who could boost the restructuring process of CBank and alleviate Cbank’s financial hardships. The government guarantees to provide favourable … [Read more...] about Foreign investors to join restructuring of Vietnamese banking system
With more than a billion subscribers, India is one of the biggest mobile markets - what went wrong? One of India's biggest telecoms firms, Vodafone India, has posted record second quarter losses of 510bn rupees ($7bn; £5.4bn) further exacerbating fears about the state of the industry. Economist Vivek Kaul explains further. What has caused these losses in such a big market? With more than a billion mobile subscribers, India is one of the world's biggest telecoms markets. But there are two reasons for this bloodbath. The first is that for many years while the prices of telephone calls fell, data prices continued to remain high. However, with the entry of Reliance Jio three years ago, this entirely changed. The company slashed data prices and, in the process, managed to change what was essentially a voice market into a data market. This resulted in India ending up with the cheapest mobile data in the world. But this put massive pressure on the players already in the market. … [Read more...] about How did Vodafone lose $7bn in India in just one quarter?
Vietnamese technology firms have gained great achievements in AI among the presence of technology giants, especially in the last 1-2 years. In late 2017 and 2018, Zalo organized Zalo AI Summit which gathered many AI (artificial intelligence) experts from Vietnam and foreign countries. After one year of ‘throwing itself into the AI field’ Zalo set up Zalo AI Lab and two key research projects on Zalo Brain and Zalo Assistant. Ki-Ki chatbot is one of the products created by Zalo AI engineers. The difference between Ki-Ki and chatbots created by foreign technology firms is the recognition of a Vietnamese voice. In Vietnam, as foreign-made ecosystems from Google and Amazon have not touched the life of the majority of people, Zalo plans to integrate Ki-Ki into hardware. It is expected that smart loudspeakers with Ki-Ki will be marketed in the near future. Chatbot is a key product of the world’s tech giants including Apple, Google and Amazon. The firms all want to … [Read more...] about Vietnam makes big leaps in AI development
To Purchase Consumable Materials In 2019Purchasing Spiral Wound Gaskets For MaintenanceSpare part for Gas turbine GE 6FA 3 SeriesTo purchase Spare part for StrainerProvision of Maintenance Services for Analytical Equipment for NSRP’s Laboratory NOTICE OF PURCHASING PLAN FOR PROVIDING NEW BORESCOPE MACHINE AND REPAIR BORESCOPE MACHINE Subject: PROVIDING NEW BORESCOPE MACHINE AND REPAIR BORESCOPE MACHINE Ref. No.: 142/2019/NSRP-PS Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is planning for purchasing of a package for “Providing new borescope machine and repair borescope machine” in order to select a suitable contractor for provision of the Goods & Services for NSRP. NSRP plans to start the above-mentioned purchasing process very soon. If your company is interested in this purchasing package, please refer to the Attachment 01 for detailed Scope of Work and respond to all below … [Read more...] about Providing New Borescope Machine And Repair Borescope Machine
Longan has become the fourth kind of Vietnamese fruit to be exported to Australia (Photo: VNA) Sydney (VNA) – Longan has become the fourth kind of Vietnamese fruit to be exported to Australia after litchi, mango and dragon fruit. However, experts say there is still a lot of work needed for Vietnam to secure a firm foothold in the market. Truong Ai Quoc, founder of Aus Asia Produce, a fruit distributor in Victoria State, said that at the Vietnamese longan festival in Australia, 500kg of longan was sold in only one hour. Hoang Luat, the owner of an Asian food supermarket in West Australia, said that his chain sells about 1-1.5 tonnes of fresh Vietnamese fruit each week. According to Australian Minister of Agriculture and Water Resources David Littleproud, the Vietnamese agricultural sector has the potential to earn billions of USD from exports. The strategic partnership agreement between Vietnam and Australia has opened up new investment and trade partnership opportunities for … [Read more...] about Long journey of Vietnamese fruits to Australia