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In the first quarter, Generali ’s gross written premiums increased to $23.76 billion – up 1.3 per cent – driven by robust growth in the property and casualty (P&C) segment – up 10.1 per cent. Life net inflows were entirely focused on unit-linking and protection, consistent with the group’s strategy. Meanwhile, its operating result rose to $1.9 billion, a rise of 22.1 per cent, mainly thanks to the strong contribution from the P&C segment, while the Life segment was resilient. The combined ratio improved to 90.7 per cent, down 5.6 per cent on-year. The excellent new business margin stood at 5.72 per cent, up 0.32 per cent against Q1 last year. Generali's adjusted net result grew substantially to $1.27 million, an increase of 49.7 per cent, reflecting the benefit of diversified profit sources. The extremely solid solvency ratio stood at 227 per cent, compared with 221 per cent in the financial year 2022. Generali Group CFO Cristiano Borean said, “The strong … [Read more...] about Generali confirms its extremely solid capital position

The Vietnam Football Federation (VFF) on Thursday announced that Japanese football expert Koshida Takeshi had joined the association earlier that day as technical director. Takeshi, who replaced predecessor Yusuke Adachi, also a Japanese national, was selected from a shortlist of candidates introduced by the Japan Football Federation (JFF). The JFF and VFF have developed a very close relationship over the past several years. Takeshi’s contract with the VFF will last for one year from June 1. Takeshi’s résumé includes nearly three decades of experience working with Japanese youth and adult football teams. He also holds a PRO Coach license. Prior to coaching, the now 63-year-old Takeshi was considered a big name as a player in the Japanese football scene. In 1993, Takeshi made the jump from playing to coaching. He has since helmed several football teams in the Ishikawa area, as well as the Kanazawa Sakuragaoka High School team. His career also includes a stint as … [Read more...] about Vietnam Football Federation announces new technical director

Still, they couldn’t prevent him from wasting away his life playing video games. Anh, a 38-year-old resident of Nam Tu Liem District in Hanoi, said he’s tried everything to stop his son from compulsively playing video games. A gamer is playing games in the middle of the night. Illustration photo by Pexels He promised to give the 12-year-old boy VND 50,000 (around $2.13) a day for each day he didn’t touch video games. His son agreed with the deal, but was then caught by his mother in the middle of the night: headphones on, swearing, and pounding the keyboard with his eyes glued to the computer screen. That night, Anh and his wife Truc beat their son. The following day, they secretly installed a surveillance camera in their son’s bedroom. With the help of it, they saw their son lying in bed with a blanket over his head playing video games on his mobile phone. They decided to take his phone away and change their computer’s password. Still, somehow, their son … [Read more...] about Parents battle children’s video game addictions

Vietnamese Prime Minister Pham Minh Chinh (L) meets with Australian Prime Minister Anthony Albanese on the sidelines of the 40th and 41st ASEAN Summits in Cambodia (Photo: VNA) Hanoi (VNA) – Australian Prime Minister Anthony Albanese ’s visit from June 3-4 is expected to further promote the sound relations between the two countries in all fields, including peacekeeping, education and training. This is the first official visit to Vietnam by Anthony Albanese since taking office and only two months after the state visit by Australian Governor-General, showing Australia's great attention to the Southeast Asian nation. Highlighting the Vietnam-Australia partnership in peacekeeping operations, Colonel Pham Manh Thang, Director of the Vietnam Department of Peacekeeping Operations, said that Australia was one of the first countries to sign a memorandum of understanding (MoU) with Vietnam in UN peacekeeping activities in 2015. The MoU laid a foundation for the two countries to … [Read more...] about PM Anthony Albanese’s visit hoped to lift up Vietnam-Australia partnership

Vietnam Airlines, Vietnam’s national flag carrier, was named one of the world’s top 25 airlines for 2023 by Australia-based AirlineRatings.com, an aviation safety and product review group. The carrier sits at number 20 in the rankings, above Turkish Airlines, Hawaiian Airlines, KLM, Alaska Airlines, and United Airlines. The first five positions on the list respectively went to Air New Zealand, Qatar Airways, Etihad Airways, Korean Air, and Singapore Airlines. To prepare its annual round-up, AirlineRatings.com considered major safety and government audits, as well as looked at airline fleet age, passenger reviews, profitability, investment rating, product and services, and staff relations. To make it to the top twenty-five, airlines must achieve a seven-star safety rating and demonstrate leadership in innovation for passenger comfort, according to AirlineRatings.com. “We are focused on leadership and airlines that innovate to make a real difference to the passenger … [Read more...] about Vietnam Airlines among world’s top carriers for 2023

Sun Taxi Joint Stock Company on Thursday entered into a deal with Vietnamese carmaker VinFast to order 3,000 VF 5 Plus electric cars to offer taxi services using electric vehicles (EVs), aside from the former’s current fleet of fuel-powered units. The move is part of Sun Taxi’s strategy on green transition, business expansion, and service quality enhancement, thereby promoting the switch to green transport and supporting Vietnam’s ambitious goal of achieving net zero emissions by 2050. Sun Taxi plans to first launch electric taxi services in some central and Central Highlands provinces and cities in the country such as Quang Binh, Hue, Quang Ngai, Binh Dinh, Phu Yen, Gia Lai, and Kon Tum. By 2025, the company will offer the services using all 3,000 VinFast EVs across the country. Nguyen Duy Hung, board chairman of Sun Taxi, said EV adoption is an ongoing global trend, of which Vietnamese businesses should not stand outside. The taxi service provider, which has many … [Read more...] about Sun Taxi inks deal with VinFast for 3,000 EVs

Tourists in central Da Nang City can now easily find the locations of public toilets thanks to the Danang Smart City app on smartphones. The city has integrated the 'free public WC' feature with the addresses of public restrooms in the city into the Danang Smart City app to facilitate residents and tourists, Tran Ngoc Thach, deputy director of the municipal Department of Information and Communications, said on Friday. These free toilets are provided by local enterprises, restaurants, hotels, and eateries participating in the 'Comfort as Home' program. The locations of 294 toilets, including 228 in Hai Chau District and 66 in Son Tra District, have been featured in the app. The number of public toilets is expected to rise further in the coming time, Thach added. To find the locations of public toilets in the Danang Smart City app, users just need to choose the 'free public WC' tab in the app to be recommended public toilets near them. After choosing a toilet, the name of … [Read more...] about Da Nang integrates map of public toilets into app

The exchange rate in the interbank market has been stable in May, hovering in a tight range around the State Bank of Vietnam's (SBV) reference dollar buying price. In the global market, the greenback is forecast to continue to weaken. Accordingly, the US Federal Reserve raised the base rate by a quarter of a percentage point in the early May meeting, but many forecasts believe that this might be the last base rate hike before it trends sideways, and that it is likely that the Fed will start cutting the rate in the second half of this year. Accordingly, the SBV reduced the diverse regulatory rate by 0.5 per cent from May 25. Commenting on the impact of the rate change, Nguyen Hung, CEO of tech-driven TPBank, said that although it might go counter to the world trends, there were positive signs supporting the move, such as the Fed or several central banks might stop adjusting interest rates, and the local economy had acquired enough resources to control the situation. … [Read more...] about Softer exchange rate loom in H2

A mother in Nam Dinh Province is in calling for support to treat her two children who both have cerebral palsy. Tran Thuy Loan and her daughter Tran Thuy Loan's son was diagnosed with cerebral palsy at only 7-months-old. For three years, she brought her son to various hospitals for treatment. Unfortunately, when her son's condition showed signs of improvement, her husband had brain cancer in 2014 and died in late 2020, leaving behind three children and a VND300m (USD13,000) debt. Loan's youngest daughter, Tran Tuong Vy, was born prematurely and also suffers from cerebral palsy. "Who wouldn't want their children to be healthy and pursue studying? After my husband died, one of my children, who was only 7 years old, kept asking me to let him drop out of school to work to save his siblings," Loan said. "The doctors said both my children need long-term treatment. I just don't know what to do." Dr Vu Thi Vui from the National Hospital of Acupuncture said, … [Read more...] about Cerebral palsy children in need of help after losing father