Technology

Survival challenge The Covid-19 pandemic has become a severe challenge for most industries and businesses. Since early this year, about 59,800 businesses have stopped operation, an increase of 23 percent over the same period in 2020. Despite this gloomy picture, Vietnam’s startup ecosystem is still developing and becoming more vibrant than ever. Many startups in Vietnam have announced successful fundraising of millions of US dollars in 2021. In January, MoMo announced completion of the fourth round of fundraising (series D) from world investors, including new investors and investments from Goodwater Capital, Kora Management and Macquarie Capital, as well as existing shareholders Warburg Pincus, Affima Capital and Tybourne Capital Management. In the series D round, according to the agreement between the parties, MoMo does not announce the amount of investment received. However, a source told Bloomberg that the total value of investment in this round was more than US$100 …

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A corner of the IAEA's headquarters in Vienna, Austria (Photo: AFP/VNA) At the session, IAEA member countries elected Vietnam to the IAEA Board of Governors for the 2021-2023 term. With this role, Vietnam will join 34 other member countries of the IAEA Board of Governors in considering and recommending the IAEA General Conference on the agency’s operational programmes and financial issues, considering the admission of new member countries, approving inspection agreements between the IAEA and its member states as well as IAEA’s regulations and standards on nuclear safety and security. In his speech at the event, Ambassador Kien, who was elected as Vice President of the 65th General Conference, thanked the IAEA for supporting Vietnam in applying nuclear technology in different fields, especially in responding to the COVID-19 pandemic. Equipment and biological products provided by the IAEA have helped Vietnam carry out testing and diagnosis of infected cases, thus creating …

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Da Nang honours FDI firms with outstanding contributions to COVID-19 prevention and control in the city (Photo: VNA) At a meeting with municipal authorities on September 24, they asked for the city's help in regular COVID-19 testing fees for their workers, and favourable conditions for foreign experts to enter the city and the transport of goods. They also hoped to be updated with pandemic control regulations of the city. Kim Jinmo, Vice Director of the Korea Trade and Investment Promotion Agency (KOTRA) in Da Nang said that Korean businesses support the city's pandemic fight, but the quick change in pandemic response policies makes it hard for them to adjust. He said as the pandemic has basically been contained, the city should build a scenario for safely adapting to the pandemic and maintaining production at the same time. Ciprian Bota, Director for Production of Universal Alloy Corporation urged the city to give priority to giving the second shot of vaccine to workers so …

[Read more...] about FDI businesses contribute ideas for production restoration in Da Nang

The Vietnam Days in Switzerland 2021 will be held online for the first time amid the Covid-19 pandemic to commemorate the 50th anniversary of Switzerland and Vietnam diplomatic relations (October 11th, 1971 - October 11th, 2021). The information was announced at a press conference held in Hanoi on September 24. Delegates at the press conference The event not only contributes to the friendly relations between the two countries, but also promotes Vietnam’s image as an authentic yet dynamic country to the public in Switzerland and European countries. Vietnam Days in Switzerland 2021, under the framework of Vietnam Days Abroad Program approved by Vietnamese Prime Minister, is honored to welcome special guests, such as MOFA Leader Representative, Ambassador of Switzerland to Vietnam Ivo Sieber, Ambassador of Vietnam to Switzerland Le Linh Lan; Ambassador and Head of Vietnam's Permanent Representative to the UN, WTO and other International Organizations in …

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Staff at SHB (Photo courtesy of the bank) Hanoi (VNS/VNA) – The Saigon-Hanoi Commercial Joint Stock Bank (SHB) was given approval from the State Bank of Vietnam to increase its charter capital from the current 19.2 trillion VND (843.2 million USD) to 26.6 trillion VND (1.16 billion USD). Of which, the bank would add 2 trillion VND by issuing shares to pay dividends with a rate of 10.5 percent from its after-tax profit after setting aside funds in 2020. Another 5.3 trillion VND would be added to the charter capital by issuing shares to existing shareholders with the offering price of 12,500 VND per share. The charter capital increase aims to improve SHB’s financial potential, expand lending scale, and invest in information technology. Especially, it would help promote the bank's digitisation, realising the goal of becoming a modern retail bank with optimal financial products and services according to Industry 4.0 standards. Earlier, SHB successfully issued more than 175 …

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Many banks plan to pay dividends in shares (Photo: Vietnam+) Hanoi (VNA) - Many banks have announced their dividend payout plan in shares to raise capital and improve competitiveness amid the prolonged COVID-19 pandemic. The shareholders of Vietnam International Bank (VIB) have approved the proposal to issue 40 bonus shares at the rate of 40 percent at its 2021 Annual General Meeting late last month. According to VIB, by the end of 2020, the bank had more than 4.8 trillion VND (about 207.8 million USD) of remaining profit after the provision for funds. It plans to distribute bonus shares to increase capital from 11.09 trillion VND currently to over 15.53 trillion VND. The distribution is expected to be completed before September 30 this year. "The bank is in a good growth period so it needs capital to invest in technology, networks, credit extension, meeting capital adequacy ratios as prescribed," said a representative of VIB. VIB is one of the banks that always take …

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Talking to the press, the FM said the President’s trip has contributed to promoting the implementation of the external ties guidelines set by the 13th National Party Congress and delivered a strong message to the world on Vietnam’s foreign policy of independence, multilateralization and diversification, peace, friendship, cooperation and development, and that Vietnam is a reliable friend, an active and responsible member of the international community. Second, the trip affirmed the loyal solidarity, mutual support and comprehensive cooperation between Vietnam and Cuba. FM Son stressed that the visit by President Phuc has breathed new life and created a new momentum for the special traditional ties between the two countries, as manifested in the release of a joint statement covering all fields and the signing of many cooperative agreements in agriculture, health care, justice, communications and information, energy and tourism. The FM noted that even when its domestic supply of …

[Read more...] about President’s trip to Cuba, New York bears great significance: Foreign Minister