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 …
News latest
VIETNAM NEWS HEADLINES 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 …
VIETNAM NEWS HEADLINES SEPTEMBER 18
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 …
Hanoi scraps travel permit requirement
Dung said Monday that the city will increase the application of information technology in monitoring movement, without creating additional administrative procedures for individuals and businesses. The government continues to maintain lighter lockdown measures in the city to track down possible new local cases and remove infection sources in the community. Hanoi's transport department director Vu Van Vien said the city's continues to maintain 23 checkpoints at the gateways, but will facilitate movement of prioritized vehicles from other localities to pass through the city. Public passenger transport to and from Hanoi as well as within the city remain suspended. The department is also studying granting permission for appropriate numbers of shippers from ride-hailing firms to work again towards enabling residents to get takeaways from eateries. While the latest decision removes the need for a travel permit to go out, the city still advises residents to stay at home and only go …
Indonesia’s national flag carrier to drastically cut its fleet
Illustrative image (Photo: AFP/VNA) Jakarta (VNA) - Garuda Airlines - Indonesia 's national flag carrier - is reported to plan to cut a large number of wide-body aircraft, while retaining dozens of narrow-body aircraft to focus on its low-cost subsidiary Citilinks. The Flightglobal.com website cited aviation data analytics company Cirium as saying that Garuda is looking to cut nearly 80 planes from its fleet and renegotiate or cancel orders for more than 90 others. According to the source, Garuda is expected to launch a settlement plan in order to carry out the restructuring of the group's aircraft lease agreements as well as other debts. The information was announced after Garuda lost the lawsuit for the payment of aircraft rental fees against two aircraft leasing companies Helice SAS and Atterrissage SAS at the London Court of International Arbitration (LCIA), in which the court ordered the airline to pay the outstanding rent. In the first half of 2021, Garuda …
[Read more...] about Indonesia’s national flag carrier to drastically cut its fleet
Images of Da Nang’s largest-ever vaccination campaign
From September 15 to 21, Da Nang City will implement a plan to administer AstraZeneca vaccine against Covid-19 to more than 192,200 people. This is the largest vaccination campaign ever in the city which aims to give the first dose of vaccine to 100% of people aged 18 and over in September. The local health sector has arranged many vaccination sites in all districts. The people in this phase include employees of private clinics; the frontline forces in epidemic prevention and control at all levels; employees of press agencies, companies, enterprises, industrial clusters. Also, teachers, lecturers, employees at schools and education institutions; the poor, disadvantaged people; people aged 18 to 65 in areas with high population density will also be vaccinated. Some pictures taken by VietNamNet at the vaccination site at Tien Son Sports Palace of Hai Chau district: Vaccination tables are arranged to keep a minimum distance of 2m. …
[Read more...] about Images of Da Nang’s largest-ever vaccination campaign
Vietnam’s COVID-19 tally soars by 8,681 cases
The Ministry of Health documented an additional 8,681 coronavirus cases across Vietnam on Monday, along with 6,821 discharged patients and 215 fatalities. Thirty-eight provinces and cities logged 8,668 domestic cases, the lowest daily rise in a month, while the country reported 13 separate imported infections, the health ministry said. The ministry had registered 10,025 locally-infected patients on Sunday. Over 6,100 of the latest domestic cases were found in the community, with the remaining detected in cordoned-off areas or centralized quarantine facilities. Ho Chi Minh City recorded 5,171 local infections, down by 325 patients from yesterday; Binh Duong Province 1,410, down by 922; Dong Nai Province 869; Long An Province 268; Tien Giang Province 211; Kien Giang Province 175; Dak Lak Province 113; An Giang Province 100; Can Tho City 48; Hanoi nine; and Da Nang three. Vietnam has confirmed 691,285 community transmissions in 62 out of its 63 provinces and cities since the …
[Read more...] about Vietnam’s COVID-19 tally soars by 8,681 cases
Vietnam’s Ha Long City reopens beaches as 90% of adults got COVID-19 vaccination
Ha Long, a tourism city on Vietnam’s northern coast and home to Ha Long Bay, has reopened beaches and various physical activities after most of its adult population received their COVID-19 vaccinations. The administration of the city, part of Quang Ninh Province, on Sunday decided to reopen since the city has inoculated around 90 percent of residents aged 18 and older. Such resumption is part of the city's steps to meet its double goal of fighting COVID-19 and promoting socio-economic development, after months of suspension due to the pandemic, local authorities said. Public beaches, football fields, gyms, fitness facilities, yoga centers, and billiards clubs have been allowed to re-operate from Sunday noon. Activities to celebrate the Mid-Autumn Festival, which falls on Tuesday, will also be conducted. The city’s authorities require all individuals and organizations engaging in such activities to fully implement epidemic prevention measures. Administrations of all levels …
Vietnam’s health ministry allocates 8 million more Sinopharm vaccine doses
The Vietnamese Ministry of Health on Sunday decided to allocate an additional eight million doses of Sinopharm COVID-19 vaccine to 25 cities and provinces. The doses, made by Chinese firm Sinopharm, are donated by Vietnamese Van Thinh Phat Group. Of the 25 provinces and cities, Hanoi is the biggest recipient with 1.36 million shots, followed by Quang Ninh with 700,000, and 500,000 for each of Ho Chi Minh City, Lang Son Province, Hai Phong City, and Yen Bai Province. The new jabs will help these localities inoculate people with the first and second jabs. Before Sunday’s allocation, 5.5 million Sinopharm vaccine doses had been used to immunize people in Hanoi, Ho Chi Minh City, Quang Ninh Province, Hai Phong City, Binh Duong Province, and Dong Nai Province. So far, Vietnam has received approximately 50 million COVID-19 vaccine doses, including 20 million Sinopharm shots, more than six million of which were donated by China and five million were purchased by Ho Chi Minh City, …
[Read more...] about Vietnam’s health ministry allocates 8 million more Sinopharm vaccine doses
Vietnam to waste investment opportunites due to slow reopening: foreign associations
Foreign businesses in Vietnam have expressed their concerns over the prolonged social distancing measures applied throughout the country to stall the coronavirus spread, warning that it would miss many investment opportunities given slow economic reopening. Foreign business associations including AmCham Vietnam, the U.S.-ASEAN Business Council, EuroCham, and KoCham recently sent a joint letter to the central government to propose a strategy on ‘localized pandemic prevention and control,’ aimed at restoring safe production and business activities in a 'new normal.' It is important that Vietnam take action now to maintain its regional and global competitiveness, and not to lag in economic recovery, the letter wrote. The business associations said they support the strategy to adapt to living with the virus safely and wish to joint hands with the government and localities to reopen the economy safely and enable economic recovery. Businesses need a clear road map and an exact date …