“The investment will be used to grow users based on the existing ecosystem, develop strategic technology solutions and people investment with the mission to bring convenience, security and happiness for Vietnamese people by providing platforms in financial services on mobile devices,” the Vietnam News Agency quoted Nguyen Thuan Chat, co-founder and CEO of Gpay, as saying. … [Read more...] about Vietnam’s e-wallet Gpay draws funding from S.Korean financial firm in Series A investment
Embattled financial firm to sell partial stake in insurance
10th grader Bui Thi Phuong is being treated at Bach Mai Hospital in Hanoi. After 10 days in the intensive care unit, she was still unaware of the surroundings. As she had to take a leave of absence from school and stay in the hospital, she kept asking her parents to bring her books to study. Bui Van Hue, Phuong's father, said the family are farmers. When Phuong was ill, they borrowed everywhere to raise VND10m (USD435) and the money had ran out. "Doctors said she can be saved but she needs to stay in intensive care," he said. "For the past two months, I can only pray for a miracle for her be well and go home." Bui Van Hue calls for help for his daughter. … [Read more...] about Father plans to sell kidney to save ill daughter
The fund will reduce its ownership at residential property firm Vinhomes (VHM), aviation firm Vietjet (VJC), consumer staples firm Masan (MSN), PetroVietnam Power (POW), sugar company Thanh Thanh Cong-Bien Hoa JSC (SBT), and electrical firm Gelex (GEX). … [Read more...] about Vietnamese stocks to struggle with increased caution
Major contributors were investment company THD, which shot up to the ceiling price at VND159,500, and bank stock SHB and petroleum stock PVS, up 4.73% to VND17,700 and 4.23% to VND19,700, respectively. Besides, power corporation DTK, insurer PVI and lender NVB increased over 3%. … [Read more...] about VN-Index recovers slightly after steep fall
Financially speaking, the huge penetration of solar rooftop systems into the power mix could enable the increase of the average distribution selling price set by EVN that is VND1,864.44 per kWh excluding VAT, according to Decision No.648/QD-BCT dated March 2019 on adjusting average retail price of electricity and regulating price of electricity. The price was set before the original FiT deadline in 2019. … [Read more...] about Booming solar power: signal for worry or delight?