Injured workers support network

The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021. Nine low carbon projects from across Vietnam have been announced to be part of the first cohort of the Climate Finance Accelerator (CFA) Vietnam. The selected projects come from diverse sectors including renewable energy, resource and energy efficiency, electromobility, AFOLUs (agriculture, forestry and other land uses), decarbonised construction, circular economy and waste management, and have the potential to benefit communities across Vietnam. Deep C Green is one of the first nine low-carbon projects in Vietnam to join the CFA. Photo: Deepc.vn Projects will receive tailored one-on-one and group support to improve project readiness and chances of attracting investment from Vietnamese and international investors. This will include advice on technical aspects, financial models, and pitch materials, as well as … [Read more...] about UK-funded CFA to support nine low-carbon projects in Vietnam

How has 5G been piloted in Vietnam so far, and is the nation ready for commercialisation in 2023? Up to now, 5G in Vietnam is still in a trial process by Viettel, VNPT, and Mobifone in more than 40 cities and provinces. They are testing different frequency bands from low to mid-band and mmWave band. From the user side, the first experience of mobile broadband speed, is not too impressive for users because the current 4G speed is meeting the current needs of users in watching movies and television and so on, so the speeds of a few hundred Mb/s or even Gb/s that 5G brings is not a mass market requirement. Nguyen Phong Nha, deputy general director of the Ministry of Information and Communications’ Authority of Telecommunications For high-density or low-latency user cases, there have been no tests with impressive results and no clear demand from users. This is a reality not only in Vietnam but also in other countries when deploying 5G. The ability to provide … [Read more...] about Supporting policies needed to fast-track 5G commercialisation

Denis Brunetti, president of Ericsson in Vietnam, Myanmar, Cambodia and Laos Vietnam is piloting 5G with the support of Ericsson. Is the country still slow in 5G rollout, or keeping up with regional countries? Today, various countries are in different stages of 5G rollout. Every country and market has its own path, and Vietnam is very well-placed as one of the most dynamic and attractive investment destinations in the world, with a fast-growing digital economy and strategic focus on nationwide digital transformation and Industry 4.0, enabled by 5G as a critical national infrastructure. Ericsson fully supports and endorses this vision, and we are committed to helping Vietnam achieve this important and strategic ambition. Today there are 235 5G networks in the world in commercial service, with 5G having over 30 per cent population coverage globally. Vietnam is well poised to commercially expand 5G later this year and derive the benefits of the latest, most advanced 5G products … [Read more...] about 5G commercialisation – a must to drive the digital vision of Vietnam

Proposals relating to cooperation and encouraging foreign investors to join Vietnam’s innovation journey were addressed at some forums, including one at VIR’s headquarters and the annual Vietnam Business Forum (VBF) organised in Hanoi over a week back. Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh One particular area of discussion focused on the digital economy and tech such as blockchain. Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC) said at VIR’s forum on digital transformation on March 21 that the NIC is working with many big foreign technology groups to connect them with domestic enterprises to implement training courses and technical supporting programmes. Thinh said Google has implemented digital skill training courses for businesses, especially startups. In mid-2022, Google launched a certification initiative and Startup Academy Vietnam, … [Read more...] about High-tech talent pool to aid transformation

To avoid harmful advertising, companies should create a list of "toxic" content on the network (called a "blacklist"). Vietnam's advertising companies need a "blacklist" to block malicious content against the Party and Government to avoid breaking the law and facing severe punishment, according to the Ministry of Information and Communications (MIC). Businesses should be wary of harmful advertising content. Photo: The Hanoi Times The ministry has called on advertisers and brands to seriously strengthen the verification of advertisements on the network, to stop the unregulated spread of advertisements, which leads to the indirect distribution of malicious and illegal content in cyberspace. In order to ensure brand safety and contribute to the development of a safe and healthy Vietnamese advertising and digital content ecosystem, the MIC has established a list of "verified" content on the network (referred to as the "white list") to support compliance with … [Read more...] about Blacklist needed to block harmful content in Vietnam’s advertising industry

It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment

To improve project readiness and provide opportunities to attract investment from Vietnamese and international investors, the schemes will receive tailored one-to-one and group support. This will include advice on technical aspects, financial models, materials, and advice on enhancing gender equality and social inclusion. The CFA is part of the UK government’s efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow two years ago, and offer support to implement the Vietnam Just Energy Transition Partnership (V-JETP) that was agreed upon in December last year. “The exciting and innovative projects selected to be part of CFA Vietnam underline the significant potential of the Vietnamese private sector to help tackle the climate crisis," British Ambassador to Vietnam, Iain Frew, said. "The expertise shared with these projects will help move them closer to finding investment, leading to reductions in carbon emissions for communities across … [Read more...] about Innovative low-carbon projects join UK’s climate finance scheme

This round was led by Japanese global bank Mizuho Bank, Ltd., a subsidiary of Mizuho Financial Group, Inc. and drew significant interest from Kredivo Holdings’ existing stable of top tier investors, including Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace Ventures. This funding round will cement Kredivo’s leading position in the digital financial services industry through its powerful expanding ecosystem which includes online and offline Buy Now, Pay Later (BNPL), personal loans, credit cards (physical and virtual) and support the upcoming launch of the neobank Krom. Kredivo is already a market leader in the third party BNPL segment in Indonesia, covering all major ecommerce and offline channels in the country via its open loop network. Akshay Garg, CEO of Kredivo Holdings said, “Despite challenging market conditions, investors continue to recognise the scale and strength of our business, and our innovation potential. … [Read more...] about Kredivo closes $270m Series D equity round

The investment from SMBC will help the bank raise almost VND36 trillion, or approximately $1.52 billion, of Tier 1 capital, increasing its owner equity from $4.5 billion to approximately $6.1 billion This comes as part of capital raising plans that VPBank has been implementing over the last year to strengthen its long-term finances and support its ambitious growth strategy over the next five years. Ngo Chi Dung, chairman of the Board of Directors of VPBank (right) and Masahiro Yoshimura, CEO, Chief Investment Officer, SMBC Bank Following this latest investment from SMBC, VPBank now becomes Vietnam’s second-largest bank in terms of owner equity, which allows it to serve a wide range of customer needs in various segments, including retail banking, corporate banking and small- and medium-sized enterprises. The robust capital stance will also help VPBank to serve large-scale enterprises, particularly multinational companies and foreign firms that are already … [Read more...] about VPBank announces SMBC as foreign strategic investor

Secretary of the Thua Thien - Hue provincial Party Committee Le Truong Luu. (Photo: VNA) Thua Thien-Hue (VNA) – The cooperation between the central province of Thua Thien-Hue and Attapeu province of Laos has been strengthening and generating practical results in fields, Secretary of the Thua Thien - Hue provincial Party Committee Le Truong Luu said on March 27. At a working session with a Lao delegation led by Secretary of the Attapeu Party Committee and Governor of the province Let Xaynhaphon, Luu and his guest informed each other of their local socio-economic developments, administration and Party building work, and cooperation results over the past time. They also discussed cooperation opportunities in the coming time, and affirmed the two sides will further coordinate to finalise a draft cooperation agreement for the 2023-2027 period. They will effectively implement an agreement to manage and protect the borderline, prevent and fight against all kinds of cross-border … [Read more...] about Thua Thien-Hue, Laos’ Attapeu province strengthen cooperation