Given a supportive ecosystem from G-Group with nearly 30 million users across financial services, financial technology, and social networking platforms, Gpay aims to provide a comprehensive range of payment and financial services to five million users by 2023, according to the Vietnam News Agency. … [Read more...] about Vietnam’s e-wallet Gpay draws funding from S.Korean financial firm in Series A investment
State bank
Vietnam one of fastest growing economies amid pandemic: WB
In December 2020, the industrial production index grew again after the brief November slump. The index grew by 11.1%, the highest growth rate since the outbreak of the pandemic in February. The main subsectors supporting this growth were petroleum products, metal production, computers, electronic and optical products, food production and processing, electrical equipment and paper and paper products. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB
VIETNAM BUSINESS NEWS JANUARY 20
However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20
Impressive 2020 for Vietnam’s corporate bond market
As a result, some businesses may find it challenging to raise capital through bond issuance, forcing them to borrow money through banks. In addition, while the economy is on the road to recovery from the COVID-19 pandemic, interest rates are forecast to remain at the current low level and credit growth should increase – we estimate at around 12-14 per cent. … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market
Chen Zhi and Prince Group Bring the Art of Swiss Watchmaking to Cambodia
"I am honoured to announce the launch of the Prince Horology Vocational Training Center, Cambodia's first independent watch school. All the center's modern machinery and equipment have been imported from Switzerland, Germany and other countries," said Chairman Neak Oknha Chen Zhi of Prince Group. "We have also put together a world-class team to teach Cambodian and international students new skills that will make them competitive in job markets in Cambodia and abroad." … [Read more...] about Chen Zhi and Prince Group Bring the Art of Swiss Watchmaking to Cambodia