Vietnamese e-wallet MoMo has partnered with Apple to introduce Apple Installments, which allows users to own Apple products through flexible payment plans ranging 6-24 months. The US tech giant launched an online store in Vietnam in May. Optimism rises for fintech development opportunities, illustration photo/ Le Toan Do Quang Thuan, senior deputy director in charge of financial services at MoMo, said, “As we seamlessly integrate into the online Apple Store, we present Vietnamese users with an unparalleled range of payment options. It’s a gateway to unlocking their dreams of Apple ownership while maintaining a firm grip on their financial equilibrium.” The landscape has become increasingly competitive in Vietnam, driving innovation and advancements in digital payment solutions. Breaking new ground in the Vietnamese market, MoMo is also the first local partner to offer cashless payment options for YouTube Premium. The strategic collaboration brings added convenience … [Read more...] about Optimism rises for fintech development opportunities
When was compassion focused therapy developed
Viet Nam posts trade surplus of US$9.8 billion in five months
In the first five months of the year, Viet Nam exported about $136.17 billion worth of goods, a year-on-year drop of 11.6 per cent, while imports totalled $126.37 billion, down 17.9 per cent year on year. — VNA/VNS Photo Viet Nam’s import-export value in the first five months of this year was estimated at US$262.54 billion, down 14.7 per cent year-on-year, with a trade surplus of $9.8 billion, the General Statistics Office (GSO) announced on Monday. In the period, Viet Nam exported about $136.17 billion worth of goods, a year-on-year drop of 11.6 per cent, while imports totalled $126.37 billion, down 17.9 per cent year on year. As many as 23 export items joined the more than one-billion-US dollar club, making up 87.4 per cent of the total export turnover. Regarding the structure of exports, processed commodities earned $120.24 billion (88.3 per cent); agro-forestry products, $10.79 billion; aquatic products, $3.37 billion; and fuel and minerals, about $1.77 billion. As for … [Read more...] about Viet Nam posts trade surplus of US$9.8 billion in five months
Socio-economic matters main topic at NA session on May 31
At a NA working session. (Photo: VNA) Hanoi (VNA) – The National Assembly (NA) will spend the whole day of May 31 – the ninth working day of its fifth session – looking into supplementary assessments of the implementation of the socio-economic development plan and State budget in 2022 and the first months of 2023. The working session will be broadcast live on television and radio channels. According to the Government report submitted to the NA, Vietnam fulfilled 13 out of 15 targets in 2022, with GDP growth of 8.02% (the initial reported figure was 8%), GDP per capita of 4,109 USD (the initial figure was 4,075 USD), CPI growth of 3.15% (initially around 4%), and State budget collection of 1.81 quadrillion VND (77.07 billion USD), 201.4 trillion VND higher than the figure reported to the legislature earlier. The country posted export-import revenue of 371.3 billion USD and ran a trade surplus of over 12.4 billion USD, also exceeding the numbers reported … [Read more...] about Socio-economic matters main topic at NA session on May 31
Has there finally been progress in treating schizophrenia?
For decades there has been almost no improvement in the medical treatment of schizophrenia, one of the most serious and devastating of all mental illnesses, but recent advances have raised hopes of progress. The condition often only hits the headlines after violent attacks by sufferers, such as a schizophrenic patient who stabbed a nurse to death last week in the French city of Reims. But French psychiatrist Sonia Dollfus emphasised that such cases of violence by people with schizophrenia are "extremely rare". "All the work done over the years trying to de-stigmatise this disease -- it is swept away in 24 hours," Dollfus told AFP . Around one in every 300 people worldwide are affected by schizophrenia, according to the World Health Organization. It causes a wide range of distressing delusional disorders, which vary in intensity between patients but often hugely disrupts their lives. At least five percent of schizophrenia patients are estimated to die by suicide. The … [Read more...] about Has there finally been progress in treating schizophrenia?
Technology, sustainability, experience, luxury: Key trends for tourism in Vietnam
Editor's note: Juliet Thuy Nguyen has been living, studying, and working in Australia for the past seven years. She is the founder of a project called Ao Dai Around the World, which is aimed at promoting and showcasing Vietnam's traditional dress, the 'ao dai,' to a global audience. She has had the opportunity to travel to different parts of the world and share the beauty and significance of the 'ao dai' while also exploring 50 provinces around Vietnam. This allows her to gain a deeper understanding and appreciation of Vietnam's rich history, culture, and natural beauty. Vietnam's tourism industry has experienced significant growth over the years, attracting millions of visitors from all over the world. The key trends in the industry include the use of technology, sustainable tourism practices, experience-based tourism, and luxury tourism. The government recognized the potential of these trends and has launched initiatives to promote them. Tourists take a boat … [Read more...] about Technology, sustainability, experience, luxury: Key trends for tourism in Vietnam
Luxury brands looking to expand market to Viet Nam
A luxury brand in Ha Noi. — Photo diendandoanhnghiep.vn Many luxury brands have begun implementing a market diversification strategy in Southeast Asia, especially Singapore, Thailand and Viet Nam, according to Savills Viet Nam. Nick Bradstreet, Head of Asia Pacific Retail, Savills said: “China is still an important market for luxury retail in the world. However, because of the COVID-19 pandemic and tight regulations, alongside increasing challenges around profile and marketing for smaller and emerging luxury brands, many have come to realise that they need to diversify their portfolios and Southeast Asia is a natural choice for this diversification. Stand-out markets in this region include Singapore, Thailand, and Viet Nam.” Out of the three markets mentioned, the two emerging markets Viet Nam and Thailand, especially Viet Nam, are very much in focus by brands because of growing economies and expanding high-net-worth (HNW) populations as well as the attitude and shopping habits … [Read more...] about Luxury brands looking to expand market to Viet Nam
NA deputies continue to discuss draft laws, resolutions on May 30
An overview of the NA's fifth session. (Photo: VNA) Hanoi (VNA) – National Assembly (NA) deputies will continue their ongoing fifth session on May 30 discussing important matters, including a draft Law on Electronic Transactions (revised) and a draft resolution on pilot special policies for the development of Ho Chi Minh City. The draft Law on Electronic Transactions (revised) has seven chapters and 54 articles. Compared to the current version, the bill has 31 new and nine amended articles, while erasing a number of regulations in five and eliminating three articles. During the morning discussion, NA deputies will decide the investment policy for the project to construct road from National Highway 27C to Road 656 in Khanh Hoa province which links to Lam Dong and Ninh Thuan provinces, as well as the adjustment of the investment policy for Ka Pet reservoir in Ham Thuan Nam district of Binh Thuan province. In the afternoon, they are scheduled to listen to a proposal and a … [Read more...] about NA deputies continue to discuss draft laws, resolutions on May 30
Affordable housing the panacea to housing market woes: experts
There is very high demand for social housing and in the low-end and lower-middle segments where prices are VND1 billion (US$42,370), VND2 billion and VND3 billion per unit and steady regardless of the state of the market. Tran Xuan Ngoc, CEO of property developer Nam Long Investment Corporation, said 2023 is expected to be an extremely difficult year for the market with challenges greater than during the real estate crisis of 2013, and one of the solutions is to build more housing for occupation rather than investment. Social housing, and affordable and mid-priced houses used to account for some 80% of his company’s product basket, and high-end housing for the remaining 20%, he said. It had maintained this formula for decades, but this year the ratio of high-end housing dropped to just 8%, he said. According to a report by real estate consultancy DKRA Vietnam, in Ho Chi Minh City and its vicinity, transactions in the first four months of this year were concentrated in the … [Read more...] about Affordable housing the panacea to housing market woes: experts
Vietnam, RoK localities step up cooperation
The event attracted the participation of more than 100 people from large Korean investment funds, conglomerates, and small- and medium-sized enterprises operating in banking, green energy, green industry, smart city – urban area building and development, 4.0 industry, science and technology, high-tech agriculture, and manufacturing fields. Deputy head of the ministry’s Consular Department Trinh Thi Mai Phuong said that the forum is a highlight of the program to promote Vietnamese localities in the RoK lasting from May 29 to June 1 to foster cooperation and connectivity between Vietnamese localities and RoK localities and businesses. At the forum, VKBIA President Tran Hai Linh stated that the collaboration between Vietnamese and RoK localities plays an important role in fostering economy, trade, and investment between the two countries. Leaders of Can Tho, Bac Lieu, Kon Tum, and Thua Thien Hue informed the forum on their localities’ potential, strength, and socio-economic … [Read more...] about Vietnam, RoK localities step up cooperation
Prime Minister visits educational institutions for disadvantaged children
Prime Minister Pham Minh Chinh presents gifts to teachers and students of SOS Hermann Gmeiner School. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on May 30 visited educational institutions for disadvantaged children in Hanoi on the occasion of International Children’s Day (June 1) and Action Month for Children. At the SOS Hermann Gmeiner School, established in 1994 with its construction funded by the SOS Children’s Village, Chinh presented gifts to the school and its outstanding students. The school was named after Austrian philanthropist Hermann Gmeiner – the founder of the SOS Children’s Village, which is home to underprivileged children. It provides primary and secondary education for children in the SOS Children’s Village Vietnam, those belonging to poor households and other vulnerable children. The government leader also made a field trip to a centre for integration education development under the National College for Education, which admits more … [Read more...] about Prime Minister visits educational institutions for disadvantaged children