“Banks will need to be on the cutting edge of technology and make sure that customers’ needs are ingrained in every offering,” PwC’s global financial services leader John Garvey advised local bank leaders at “The Future of Banking” event held by PwC Consulting Vietnam in Hanoi today (March 6, 2019). Global financial services leader of PwC John Garvey John Garvey, together with a panel of distinguished industry experts from the US, Canada, Southeast Asia, Hong Kong, and Japan discussed what it takes for banks to thrive in this digital age, while maintaining their human relationships. The event attracted senior leaders from various Vietnamese commercial banks. According to PwC, the banking industry is facing an imperative to change brought about by powerful forces, namely customer expectations, technological capabilities, regulatory requirements, demographics, and economics. Banks need to get ahead of these challenges and transform themselves … [Read more...] about PwC global experts discuss the future of banking
What will cars look like in the future
Viet Nam News George Burchett* When Xuân Diệu Street, on which I ride my motorbike every day, turns into a moving garden, I know spring has come and Tết is around the corner. Xe ôms (motorbike taxis) loaded with pots of kumquats, peach blossoms, pomelo trees of various sizes, from average to gigantic, move in both directions. Flower sellers push their baskets of beautifully arranged flowers on their bikes. The area of Tây Hồ (West Lake) where I live has many orchards, which grow mostly kumquat trees for Tết. Hà Nội’s Flower Market is also nearby. Add to this the fruit sellers with their seasonal offerings, and throughout the year one is treated to a spectacle for all the senses. But around Tết, it becomes an exotic explosion. The orchards on Đặng Thai Mai are crowded with customers choosing the perfect kumquat trees. They either carry those with them, or have them delivered. One has to admire … [Read more...] about Flower power in the air ahead of festival
Contactless payment is the future and a major foundation for the success of smart transport, Photo: Dung Minh Age of contactless transit Contactless payments are disrupting cities around the world in various areas, notably mass transit systems. A notable example is London (the UK), where 2.5 million contactless journeys are made across bus, tube, and rail services every day. Since early 2016, the proportion of pay-as-you-go journeys made through London’s contactless systems has risen from 25 to more than 50 per cent of today. It is estimated that more than four of every five journeys of this kind are made using Visa contactless cards. Various reasons have been put forward for the London success story. First, the underlying technology, such as chip cards based on Europay, Mastercard, and Visa (EMV) standards are already there. Second, Transport for London has enabled contactless payments across all modes of transit – tube, bus, light rail, heavy rail – making it … [Read more...] about Riding digital payments to the future of transport
Residents of Xuan Hoa ward in Phuc Yen, a city in Vinh Phuc province, almost had a chance to share in the joy as the capital city celebrates its expansion. The legacy of a time several decades ago when Xuan Hoa was part of Hanoi can still be seen in the name of Hanoi Education University II, which is located here. Later generations might ask why a Hanoi college is situated in Vinh Phuc province. The answer is simple: the ward where the institution is located used to be a part of the capital city. Ten years after the geographical boundary expansion came into effect, Hanoi has recorded many social and economic achievements. To date, many still cast doubt over the decision but clearly there are many positives. Had Ha Tay province not been merged into Hanoi, would progress on the Thang Long Boulevard and National Highway have been expedited so that they became main arteries connecting the city centre to its western areas as they are today? The communities of ethnic minority people in Ba Vi … [Read more...] about What does the future hold for Hanoi in the next ten years?
Viet Nam News “Everyone, I will sell rose bouquets tomorrow in celebration of International Women’s Day. Those who are looking to give flowers to their girlfriends or classmates, please come to support me in front of Gate A of Hải Phòng University.” So wrote 26-year-old Trần Thị Hoa in one of her last Facebook posts on March 6. Early on the morning of March 7, Hoa and her friend Trần Thị Trang rode on motorbike to the flower market Đằng Hải in Hải An District in the northeastern port city of Hải Phòng. Not born to wealthy families, the pair intended to buy flowers and utilise their craft skills to make elaborate bouquets, aiming to make some money to cover their study and living expenses. On that fateful morning, Cao Huy Hoàng was driving a container truck for an export-import company along his usual route. Stopped at a red light, he saw that two trucks ahead of him were already occupying … [Read more...] about Road accidents: When will the pain end?