Firm

At the event (Photo: MoMo) HCM City (VNA) - Vietnamese digital payment firm MoMo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app. It is the first time a money transfer operator’s services have become available on a leading super app in Vietnam. Accordingly, it takes MoMo users about one minute to receive international money transfers from relatives in over 200 countries and territories. The recipient only needs to access MoMo and enter the 10-digit Money Transfer Control Number provided by the sender to receive the money immediately from their relatives abroad. With an ecosystem of nearly 50 partner banks, in just a few simple steps through the international money transfer service supported by MoMo, the money will be transferred to the recipient's account. Exclusive insights from Western Union research showed that a staggering … [Read more...] about MoMo, Western Union partner for money transfer in Vietnam

Attending the event were Major General Le Quang Dao, Deputy Secretary of the Party Committee, Commander of the Vietnam Coast Guard; Comrade Ho Thi Hoang Yen, Standing Deputy Secretary of the Ben Tre Provincial Party Committee; Tran Ngoc Tam, Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Ben Tre Province. At the event, Deputy Political Commissar of the Vietnam Coast Guard Command Major General Tran Van Xuan reviewed the coordination in conducting the “Coast guard stand by fishermen” program over the past time. Organized for the first time in March 2017, the program has obtained practical achievements in disseminating the Party’s guidelines and State’s policies to people; supporting fishermen in fishing at sea, contributing to firmly safeguarding national sovereignty over sea and islands; assisting localities in socio-economic and cultural development, poverty reduction, new-style rural area building, and living standard improvement. Over … [Read more...] about Coast guard force and Ben Tre province sign coordination agreement

Lazada continues to offer new promotions to entice its customer base As one of the early e-commerce players in Vietnam, Lazada is at the forefront of technology to meet customers’ evolving demand. During the Birthday Sale Boom shopping festival in March, the company increased its investments in two new shopping channels, LazLook and LazBeauty, bringing a unique and sophisticated shopping experience to users. There are also myriad promotions for refunds and free shopping. At the same time, the Lazada Super Show virtual music festival has also been held. By integrating 360-degree AR technology, viewers were immersed in unique spaces at home. Meanwhile, the company also applies realistic AI and AR-powered Virtual Try-On to shoppers, enabling beauty lovers to instantly sample products with pictures or live videos of themselves before making a purchase. The moves are all part of attempts to be ahead of the e-commerce game in expectation of an explosion in growth. According to a … [Read more...] about Technology improvements at heart of Lazada’s legacy

Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Pham Minh Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green growth needs a suitable roadmap, with conditions and capacity of each region, locality and business taken into consideration, he noted, encouraging the engagement of all, particularly businesses and people, in this regard. The Government will work to consolidate institutions, … [Read more...] about Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023

Participants to the tour offered incense at a memorial site for heroic martyrs who sacrificed themselves to protect the national sovereignty over the Fatherland’s Southwestern waters and islands in Vung Tau city, Ba Ria - Vung Tau province. They were also introduced to line-up regulations, forces of the Vietnam People’s Navy and Naval Region 2, and frigates of Brigade 167. They visited gardens and barracks of the brigade. They were given a brief introduction about the significance of Vietnam’s sea and islands to the Fatherland’s protection cause, and the Party’s guidelines in protecting the national sovereignty over sea and islands, and so on. Captain Le Ba Quan, Deputy Commander and Chief of Staff of Naval Region 2, briefed participants about situations in the East Sea (South China Sea) recently, and achievements of troops of the naval region after its 14 years of construction and development. He hoped that the students will actively study to get good academic records, promote … [Read more...] about Naval unit offers fact-finding tour for students in Ho Chi Minh City

Silicon Valley Bank. According to VinaCapital, the SVB collapse by itself will end up being neutral for Viet Nam’s stock market and economy. — Photo courtesy of Reuters The Silicon Valley Bank (SVB) collapse by itself will end up being neutral for Viet Nam’s stock market and economy, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a report. “Furthermore, we see no substantial risk that the dynamics which negatively impacted SVB and certain other regional US banks could significantly impact the profitability and/or solvency of banks in Viet Nam.” It was widely reported that latent losses on SVB’s securities portfolio coupled with a drop in deposits at the bank were the main factors that led to its rapid insolvency, it said. Vietnamese banks also held Government bonds on their balance sheets, and the prices of 10-year Vietnam Government bonds (VGBs) had dropped by around 15 per cent since mid-2021 and yields surged. However, VGB holdings only … [Read more...] about Silicon Valley Bank collapse not to impact VN: VinaCapital