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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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The Vietnamese aviation authority is carrying out the process of granting an import license for the aircraft into the country. The Civil Aviation Authority of Vietnam (CAAV) has proposed the Ministry of Transport (MoT) allow Boeing 737 Max airplanes to enter Vietnam’s airspace after a two-year ban. Boeing 737 Max airplanes are proposed to fly back in Vietnam. Photo: Boeing The CAAV also asked the ministry to authorize the import of the Boeing 737 Max airplanes into Vietnam. This proposal came after the discussion between the head of the CAAV and Boeing’s representative about the current situation of this aircraft around the world. It is based on the evaluation results of these countries’ aviation authorities and the safety index of the Boeing 737 Max aircraft after its resumption. Previously, in March, the local authority also submitted a report, which cited Boeing’s efforts to address technical issues of the aircraft model and assessment from aviation …

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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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Speedtest statistics showed that the download speed of mobile networks in Việt Nam reached 42.46 Mbps in July, lower than the world average of 55.07 Mbps. Speedtest also said that for fixed broadband internet, Vietnam achieved a download speed of 78.43 Mbps, far behind the world index of 107.50 Mbps. Significant improvement is that the upload speed of Vietnam's internet exceeds the average mark, such as the mobile network at 19.25 Mbps compared to 12.35 Mbps, and the fixed broadband at 68.38 Mbps compared to 58.27 Mbps. The fastest mobile network access speed in the world belongs to the UAE with 190.03 Mbps, followed by South Korea at 189.2 Mbps. In the Southeast Asian region, the lead is Singapore with 85.93 Mbps, ranking 18th globally, Brunei with 59.34 Mbps (36th), Thailand 48.89 Mbps (51st) and Việt Nam (58th). In terms of fixed broadband Internet, the world leader is Monaco with 256.7 Mbps, followed by Singapore with 256.03 Mbps. …

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Improving capacity A series of giant manufacturers operating in Vietnam, among them Panasonic, Bosch, TTI, Samsung, and Klaus, are seeking additional local suppliers and increasing their localization rate in order to optimize production and business efficiency. To welcome the shift of foreign investment, numerous domestic companies have made great strides to improve their capacity in the race to become major suppliers for large international corporations. In 2019 and 2020, for example, three member companies of the An Phat Holdings Group (APH) implemented consulting programs on improvement and development of supporting industries offered by the Ministry of Industry and Trade (MoIT) and Samsung. APH's long-term goals are to improve the localization of products, develop high-tech products, expand investment, and deepen and enhance its position in the global supply chain. Dong Nai Province prioritizes investment attraction in support industries According to Le Tri …

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Vietnam to attend ASEM Cultural Festival 2021 Vietnam and 10 other countries have signed up to participate in the ASEM Cultural Festival (#ASEMfest), a side event of the 13th Asia-Europe Meeting (ASEM) to be hosted by Cambodia in November. The ASEM Cultural Festival 2021 is scheduled to get underway between November 22 and 26. This international cultural event will be held virtually with the main activities such as performing arts, and the screening of feature films and documentaries, as well as the exhibition which would be held in hybrid format at the National Museum of Cambodia. The festival aims to explore the cultural diversity and promote the exchange, cooperation and artistic creation between the cultures of both regions, contributing to enhancing cooperation and development between the ASEM partner countries. Joining as a founding member of ASEM in 1996 marked an important step in the implementation of Việt Nam's policy of open foreign policy, multilateralisation and …

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