Foreign banks have been expressing eagerness to jump on the mergers and acquisitions (M&A) bandwagon in the banking sector. The case of JTrust conglomerate from Japan recently joining the restructuring of Construction Bank (CBank) has raised the possibility of cross-border bank M&A accelerating the speed of banks reorganising in Vietnam with the government’s support. JTrust has announced that they have carried out intensive research to understand the restructuring process of CBank, according to Nobiru Adachi, director of JTrust Asia. They also propose some supportive actions from the Vietnamese government and the State Bank of Vietnam (SBV). Construction Bank (CBank) is on the cusp of restructuring According to Deputy Prime Minister Vuong Dinh Hue, the Vietnamese government would like to co-operate with clients who could boost the restructuring process of CBank and alleviate Cbank’s financial hardships. The government guarantees to provide favourable … [Read more...] about Foreign investors to join restructuring of Vietnamese banking system
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Bosch secures steady growth with Industry 4.0 as the main driver “2018 was a year led by high demand for Internet of Things (IoT) and mobility solutions across Southeast Asia. At Bosch, we continue to expand the range of our leading solutions in these domains, by successfully completing several iconic projects and embarking on new initiatives,” said Martin Hayes, president of Bosch in Southeast Asia. “We are also starting to see positive results from previously deployed Industry 4.0 innovations, with highlight projects generating visibility and greater demand for our solutions. In short, our strategic focus on connectivity is paying off.” Bosch employs some 10,000 associates in Southeast Asia, of which 1,380 are working in research and development. Positive impact from Industry 4.0 to drive growth With many earlier regional Industry 4.0 projects now in operation, Bosch anticipates that more companies will follow in embracing the digital transformation … [Read more...] about Bosch captures growth momentum as region embraces connected solutions
The US-China over artificial intelligence is heating up, but some warn the US could be over-reacting. "China is betting on AI and investing in AI and deploying AI on a scale no other country is doing," says Abishur Prakash, a futurist and author of books about the effect of artificial intelligence (AI) on geopolitics. As developments in AI accelerate, some in the US fear that the ability of China's powerful central government to marshal data and pour resources into the field will push it ahead. The country has announced billions in funding for start-ups, launched programmes to woo researchers from overseas and streamlined its data policies. It has announced news-reading robots and AI-powered strategy for foreign relations. Perhaps most alarming to the US are its efforts to incorporate it into its military. In the last few years, Washington has toughened oversight of Chinese investments, banned US firms from doing business with certain Chinese companies and increased criminal … [Read more...] about Is China gaining an edge in artificial intelligence?
Lenovo Tech World 2019 The annual event, which attracts thousands of partners, customers, and consumers, began with an impressive keynote from Yang Yuanqing, chairman and CEO of Lenovo Group, focusing on smarter life in a connected world. “Over the past two years, we have been trying to imagine what a brighter future in the intelligent era will look like, and now – after all our hard work – we have truly entered the age of intelligence, where data intelligence is powering industry transformation at large,” he said. According to the CEO, smart cities, smart transportation, smart retail, smart finance, and smart healthcare – these transformative technologies are enabling broader accessibility to the government and social services by ensuring that the services provided are equal and as efficient as possible. Focusing on a bold vision to deliver smarter technology for all, Lenovo is developing world-changing technologies that create a more inclusive, … [Read more...] about Lenovo Tech World 2019 explores future for intelligent transformation
The MoU between Bosch Vietnam and Saint Gobain paves the way for a bilateral comprehensive partnership in the time ahead Within the framework of this co-operation, Bosch will also be providing after-sales services, in addition to training and technical consultancy on proper power tools handling and worksite safety. Over 14,000 construction professionals encompassing distributors, buildings, installers, contractors, as well as workers will benefit from this collaboration. Bosch Vietnam managing director Guru Mallikarjuna addressing the event “We are proud to form this partnership with Saint-Gobain, one of Vietnam’s leading materials construction companies. I am looking forward to seeing this partnership contribute to the sustainable development of both parties," said Guru Mallikarjuna, managing director of Bosch Vietnam. “We believe this collaboration is essential in leveraging the construction market’s potential, providing comprehensive solutions and … [Read more...] about Bosch Vietnam signs partnership to provide power tools to Saint-Gobain