Vishal Shah, Head of Business Banking Division at the Vietnam Technological and Commercial Joint-stock Bank (Techcombank), shared in an interview about how the bank implemented credit support programs for enterprises in the past years. Mr. Vishal Shah Q: Doing Business 2020 report published by WB has evaluated Vietnam's credit access index and the ranking of Vietnam has increased by 7 levels. What do you think about this ranking in Doing Business 2020 report? This is a remarkable achievement for Vietnam. It also demonstrates that the Vietnamese banking industry has well supported the implementation of Government's resolutions on improving the business environment and creating favorable conditions for individuals and enterprises to access credit in a fair and transparent manner. This result also shows the determination of the country in forming a stable macroeconomic environment to attract both domestic and foreign investors. Q: Mr. Vishal, in order to contribute to the growth … [Read more...] about Bank to enhance digital technology platforms for better customer support
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Swedish Ambassador to Vietnam Ann Mawe Appropriate transformation According to Vo Tuan Nhan, Deputy Minister of Natural Resources and Environment, decades of development based on natural resources and low labor cost yielded many socioeconomic achievements. However, Vietnam is facing challenges associated with natural resources depletion, environmental pollution and climate change, he said. As an appropriate response, Vietnam is pursuing a circular economy to reach sustainable development, Nhan said. Vietnam has issued many policies on transforming its growth model to reach sustainable development, while strengthening natural resources management and environmental protection, coping with climate change, and enhancing recycling and reuse to facilitate circular economy development. Vietnam’s circular economy models include paper and metal scrap collection and recycling, recovery of gas from livestock wastes, and cleaner production in super small, small and medium-sized … [Read more...] about Sweden offers Vietnam help in shaping a zero waste, circular economy
CSR At HSBC, sustainable business goes hand in hand with sustainable community By Thanh Thom Friday, Aug 30, 2019,09:14 (GMT+7) At HSBC, sustainable business goes hand in hand with sustainable communityBy Thanh Thom A doctor listens to a kid’s heartbeat in the Outreach Clinic project – PHOTO: HSBC Sustainability is not the trend, that’s the key priority when doing business. At HSBC Vietnam, the goal of sustainability is not merely limited to business, as the bank has made great efforts to contribute to a sustainable community where it operates. “We recognize our wider commitments to the communities in which we operate and understand that economic growth must also be sustainable,” according to HSBC Vietnam, the first foreign bank to incorporate in Vietnam. Inspired by the saying “Give a man a rod, not a fish,” the bank has so far supported environmental conservation activities … [Read more...] about At HSBC, sustainable business goes hand in hand with sustainable community
The smartphone market share in 2018 The Gioi Di Dong and FPT, two of three biggest hi-tech product distributors, will bear little impact from the ban on Huawei because Huawei products account for 4-6 percent of total revenue, while Digiworld will actually benefit, according to VnDirect Securities. Huawei’s smartphone products accounted for about 4 percent of Vietnamese market share, or VND2.65 trillion in 2018. The strength of the Chinese phone brand is not too high and people will shift to use other mid-end brands. For The Gioi Di Dong and FPT Retail, the sales of Huawei products account for 4-6 percent of their total sales. Since there are a lot of alternative products, the ban on Huawei won’t lead to a sharp fall in the retailers’ revenue. However, both of them face risk from inventories, and the sale of Huawei products on installment. There are two major scenarios. First, Huawei and partners will share the costs to deal with inventory by slashing selling … [Read more...] about Are Huawei’s troubles affecting Digiworld, The Gioi Di Dong, FPT Retail?
Director of the Civil Aviation Authority of Vietnam, Dinh Viet Thang, said it would take at least two more years for airlines to open direct routes to the US due to various issues. Director of the Civil Aviation Authority of Vietnam, Dinh Viet Thang The problem was discussed at the conference about sustainable development for the aviation industry held by the Ministry of Transport on December 11. The US is a large market with huge potential. However, Thang said they would have to meet many requirements to open direct routes. Vietnam and the US signed an agreement in 2003 in which the two countries could launch one direct flight a day or go through two or three transit points via a third country (except Japan) in order to reach the US. In early 2019 Vietnam was officially granted Category 1 status by the US Federal Aviation Administration (FAA). With this status, Vietnamese air carriers will be able to open direct air routes to the US. Noi Bai and Tan San Nhat airports have also … [Read more...] about Direct air route to the US will not be opened soon