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The agreement to implement Temenos' Corebanking T24 system was formalised in Hanoi on September 22. The system’s deployment is anticipated to streamline LPBank’s operational processes and reduce both time and costs associated with implementation, thereby promoting enhanced revenues and service quality while catering to the diverse needs of the bank’s clientele. This pivotal move forms a cornerstone of LPBank’s extensive digital transformation strategy, aligning with its ambition to progressively establish itself as a premier retail bank that is accessible to all. Temenos’ Corebanking T24 is operational in over 3,000 banks worldwide and favoured by major Vietnamese banks such as MB, Sacombank, and VPBank. The deployment of this system paves the way for LPBank to escalate its growth trajectory and materialise its vision, enriching customer experiences and interactions across the board by leveraging advanced technology. Post-deployment, the T24 system is poised to augment … [Read more...] about LPBank partners with Temenos to drive next-gen banking solutions

Van Phuong, who lives in District 7, said he signed a contract with AISVN's chairwoman Nguyen Thi Ut Em in 2018 to lend the school VND5 billion (US$205,000). With such loans from their parents, the children would be allowed to study for free at the school in Nha Be District until they graduate from high school or move to another school. As stated in the contract, the loan is interest-free, and the school will pay it within 90 days after the students move to another school or finish their 12th grade. "My children moved in 2022 but the school has paid us nothing," Phuong said. He added that the school had promised to pay the debt twice, in January and May this year, but has defaulted until now. "When signing the contract, I simply thought that my two children could get access to an international education free of charge if I lent them the money, which is a long-term benefit. I did not expect the school to break its promise like this," he said. In the same situation, Thanh … [Read more...] about Parents accuse HCMC international school of dodging debts

The city's Department of Education and Training said in a Monday statement that private schools, including international schools, must separate their education and training activities from their businesses, including capital mobilization and financial investment. The order was made following a case in which parents showed up at the American International School Vietnam (AISVN) in Nha Be District last Thursday demanding the school pay its debts. The parents said they had signed contracts with the school's chairwoman, Nguyen Thi Ut Em, to let the school borrow money so that their children could study for free. The school said in a press release later that the loans were actually investments in the school and the sum would be returned within 5 to 15 years from the time the children matriculated at the school. Speaking to VnExpress on Sunday, a representative from the department said it would send an inspection team to the school on Wednesday to look into its financial situation. … [Read more...] about HCMC regulating financial operations at private schools

Fifty-six lives were lost in the fire at the apartment block in Hanoi's Thanh Xuan District on September 12, and with them, all their dreams and ambitions, all the impacts they could have made on the world. How did it come to this? The owner of the apartment building has been arrested, and investigations are ongoing. Some people will need to be held responsible. Regulations for apartment blocks will be tighter. But somehow, I feel that all these solutions have yet to reach the root of the problem. Around 10 million people in Hanoi are crammed together in a tiny area next to the Red River. Traffic jams, inundations, air pollution, lack of trees, and now fires... these are just some of the problems that Hanoians have to cope with. The capital has lost its shine over the years. Aerial view of multiple skyscrapers at the Nguyen Tuan-Le Van Luong-Hoang Minh Giam intersection in Hanoi. Photo by VnExpress/Ngoc Thanh Several generations of my family have lived on this … [Read more...] about Hanoi and its urban planning problems

Old artifacts are not only valuable, but also a keepsake for many families. Many people would be extremely sad if an artifact was damaged for some reason. In such cases, they may eventually find their way to an expert like Nguyen Khac Duy. Ten years ago, the man, now 34, who lives in Sa Dec City in the Mekong Delta province of Dong Thap, returned to his hometown after completing his military service and assisted his family business in trading artifacts. Noticing that the supply of artifacts was dwindling over time, Duy thought of finding solutions to repair damaged items, which would allow his family to sustain their business for a long time to come. Giving old things a second life In the early days of trying to repair damaged artifacts, Duy's lack of confidence meant he only fixed his own artifacts for fear of further harming customers’ precious items. However, after some time, as the artifacts he repaired became more common, more and more collectors came to ask him to … [Read more...] about In Vietnam, man gives artifacts a second life