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VHT-produced core product ecosystem The system was the last step to complete a core product ecosystem that VHT designed and produced. This was also the last piece among an entire product ecosystem researched and manufactured by Viettel that has been integrated into Vietnam's telecommunications network. The IMS production marked the successful realization of Viettel's Made-in-Vietnam strategy in core telecommunications to ensure information security. Viettel has been, for decades, taking steps to replace imported components with its products. The telecoms corporation, one of the largest in Vietnam, has succeeded in integrating 100% "Made by Viettel" components in its networks, which serves 80 million customers in Vietnam with systems such as the online charging system (OCS), the policy and charging rules function (PCRF), the short message service center (SMSC) and the color ring back tone (CRBT). In order to guarantee network security and optimal network utilization by vendors, … [Read more...] about Viettel succeeds in performing “Made-in-Vietnam” telecommunications network strategy

At last week’s AGM, privately-held Nam A Bank signalled its ambition to expand its footprint in the international market by establishing a wholly-owned commercial bank, or to set up a branch in a foreign country. Banks expanding share over borders, illustration photo/ Source: Nam A Bank This is part of the bank’s long-term strategy to diversify revenues, capitalise on other prospective foreign markets, and build a robust banking ecosystem. “This plan is in line with the upward trajectory of other financial institutions in a bid to support Vietnamese businesses in their international trade and investment activities,” said a bank representative. “We haven’t decided the exact location, but our target would be focused on the Asian market first.” Regarding its domestic network, Nam A Bank targets to open at least 20 new branches and transaction offices in various localities, such as Quang Ninh, Nghe An, Dak Nong, Binh Thuan, and Long An provinces. The bank’s AGM also … [Read more...] about Banks expanding share over borders

Bank Indonesia Governor Perry Warjiyo speaks at a high-level seminar entitled ‘From ASEAN to The World’ and themed ‘Payment System in the Digital Era’ in Badung, Bali on March 28, 2023. (Photo:ANTARA) Jakarta (VNA) – The ASEAN Central Bank Deputies Meeting (ACDM) took place on March 28 in Indonesia to discuss the priority economic deliverables (PEDs) in 2023. The meeting was held as part of the first Meeting of the ASEAN Finance Ministers and Central Bank Governors (AFMGM), which is taking place from March 28 to 31, 2023. The event saw the participation of deputy governors and central banks’ representatives from nine member states, namely the Monetary Authority of Singapore, the Central Bank of Malaysia (BNM), the Bank of Thailand (BOT), the Bangko Sentral ng Pilipinas (BSP) of the Philippines, the Bank of the Lao PDR (BOL), Brunei Darussalam Central Bank (BDCB), the National Bank of Cambodia (NBC) and the State Bank of Vietnam (SBV). Speaking at the opening ceremony, … [Read more...] about Central banks in ASEAN discuss economic priorities