Digitization digital transformation

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 …

[Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 19

HCM City under pressure to reopen economy: municipal leader Residents at a vaccination site in HCM City. Ho Chi Minh City is committed to enforcing vigilant pandemic prevention measures when it reopens the economy after months of strict lockdown measures, said a city leader. Speaking at a meeting with economic and medical experts last earlier this week, Secretary of the municipal Party Committee Nguyen Van Nen said: “The city is under huge pressure to reopen the economy or it will be too late.” The level of suffering of the economy and people has reached its limit due to prolonged lockdown measures. As such, the city will develop a roadmap for reopening so that it can adapt to and live safety with the virus, he said. The city will gradually narrow down areas with very high risks and try to expand the number of low-risk areas, according to Nen. Vu Thanh Tu Anh, Director of the Fulbright School of Public Policy and Management, said that reopening for economic …

[Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 19

Expressing sympathy over losses that the VBS in HCM City has suffered due to COVID-19, Trong hailed the engagement of Buddhist dignitaries and followers in the city's pandemic prevention and control activities as well as their contributions to the national COVID-19 vaccine fund and support to front-line forces. He affirmed the efforts of the HCM City VBS’s Executive Board has shown that Buddhism always accompany the nation and uphold national solidarity amid difficulties. He expressed his hope that they will continue to take part in charity activities and assist the city in pandemic prevention and control. For his part, Most Venerable Thich Thien Duc, deputy head of the Executive Board of the VBS chapter in HCM City, thanked the Government Committee for Religious Affairs and the city's authorities for paying great attention to Buddhist dignitaries and followers amid the complicated developments of COVID-19. Along with strictly implementing pandemic prevention and control …

[Read more...] about Go’vt committee accompanies Buddhist dignitaries, followers in HCM City COVID-19 fight: Official

President Nguyen Xuan Phuc will attend the high-level General Debate of the U.N. General Assembly’s 76th session (UNGA 76) in New York from September 21-24. The trip takes place at a time when Vietnam is celebrating the 44th anniversary of the country’s membership in the U.N. (September 20, 1977-2021). Over the last 44 years, Vietnam has grown from just a U.N. member to a strong and trustworthy partner of the world’s largest multilateral organization for peace and sustainable development. Vietnam’s four-decade U.N. membership has been a journey full of major imprints left by the U.N. in the country’s post-war reconstruction, “Doi Moi” (Renewal) period and international integration. With the help of U.N. specialized agencies and related organisations, Vietnam has been able to utilize external resources, together with its own internal strength, to transform from a poor, war-torn country to a middle-income nation today. The country has its sight set on becoming a developing, …

[Read more...] about Vietnam remains U.N.’s trustworthy partner for peace, sustainable development

MUSIC & ENTERTAINMENT Online Premiere: Split Until Oct 23, 11 pm From Goethe Institut: When confined to a small space, with no contact with the outside, encounters are not any more, everything just takes place in a space so familiar that it seems boring, will we cut off all associations? Or is it the time to connect to oneself – something that we occasionally forget? Each time like that, people “split” themselves. “Split” is the breaking in piece, angled deeply inwardly. When outer space is limited, people discover emotions hidden deep within themselves, observe themselves under different beings, both separate and mixed, sometimes very confusing. “splitting” without separation, split to open, for stopping but clarifying, for reflection and for connecting. The contemporary dance performance consists of three parts: ‘Stop’ – ‘Confide’ – ‘The cover’ Dancer: BAYDANC (Lê Trần Thảo Nhi, Hoàng Lan Phương, Phạm Ngọc Toàn) Musician: Nguyễn Thị Thùy Linh …

[Read more...] about What’s on September 20-26 (Daily updated)

Prime Minister Nguyen Xuan Phuc addresses the General Debate of the UN General Assembly 's 73rd session in the US's New York on September 27, 2018 (local time). (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc will attend the high-level General Debate of the UN General Assembly’s 76th session ( UNGA 76 ) in New York from September 21-24. The trip takes place at a time when Vietnam is celebrating the 44th anniversary of the country’s membership in the UN (September 20, 1977 – 2021). Over the last 44 years, Vietnam has grown from just an UN member to a strong and trustworthy partner of the world’s largest multilateral organization for peace and sustainable development. Vietnam’s four-decade UN membership has been a journey full of major imprints left by the UN in the country’s post-war reconstruction, “Doi Moi” (Renewal) period and international integration. With the help of UN specialized agencies and related organisations, Vietnam has been able to utilise …

[Read more...] about Vietnam remains UN’s trustworthy partner for peace, sustainable development