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Cashless transaction volumes increase by 76 percent in first 5 months: Ministry

August 8, 2022 by www.sggpnews.org.vn

At the meeting The Ministry released the information at today's third session on digital transformation at the government headquarters chaired by Prime Minister Pham Minh Chinh, Chairman of the National Committee on Digital Transformation. According to the work plan, the National Committee on Number Transformation meets quarterly. The third meeting aimed to evaluate digital transformation results in the first six months of 2022 and identify solutions and tasks for digital transformation in the coming time. The meeting was connected to the headquarters of ministries, ministerial-level agencies, governmental agencies, and people's committees of provinces and cities virtually. Addressing the opening session, Prime Minister Pham Minh Chinh stated: The document of the 13th Party Congress has identified the national digital transformation as a very important task, associated with three main pillars including the digital government, the digital economy and the digital society in … [Read more...] about Cashless transaction volumes increase by 76 percent in first 5 months: Ministry

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Best universities have skyrocketing tuition fees

August 8, 2022 by www.sggpnews.org.vn

There has been a difference in tuition fees of many autonomous public universities announced in 2022 compared to the mass training program. According to the announcement of Hanoi Law University, the tuition fee for full-time students will be VND572,000 a credit for the general program and VNA1,605 million a credit for high-quality programs from the academic year 2022-2023. Last year, the tuition fee for the mass training program was VND 280,000 a credit whereas it was VND990,000 a credit for a high-quality program. Thus, this year's tuition fee is almost double the previous year. Meanwhile, the Hanoi Medical University increased annual tuition fees in the academic year 2022-2023 for the Medicine and Pharmacy faculty and Dentistry - Jaw - Facial faculty to VND 24.5 million, an increase of 71 percent compared to VND14.3 million in 2021. The University of Economics under the Hanoi National University planned to increase tuition fees for the 2022 enrollment course, and the fee for … [Read more...] about Best universities have skyrocketing tuition fees

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Vietnam National University – Hanoi leaps 186th places on Webometrics list

August 8, 2022 by en.vietnamplus.vn

The headquarters of the Vietnam National University - Hanoi (Photo: vnu.edu.vn) Hanoi (VNA) – The Vietnam National University - Hanoi ( VNU ) ranked 758th in the latest Webometrics Ranking of World Universities, jumping 186 places from the previous list released in January. With the new position, the VNU stood 183rd in Asia and 14th in Southeast Asia, according to the rankings issued by the Cybermetrics Lab of the Spanish National Research Council on August 7. The Webometrics list, published twice a year, assesses the digitalisation capacity and impact of higher education institutions’ academic resources basing on the volume of the website content, the visibility and impact of their website publications, the openness of academic resources on Google Scholar, and the number of citations they received on the Scopus database. The VNU ranks 758th in the latest Webometrics Ranking of World Universities . (Photo: webometrics.info) To the VNU, the jump from the … [Read more...] about Vietnam National University – Hanoi leaps 186th places on Webometrics list

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CapitaLand Development enhances its operations

August 8, 2022 by vir.com.vn

CapitaLand Development (CLD) has entered into plenty of new development deals across many different businesses in Vietnam. What is your exact development strategy in Vietnam? Ronald Tay, CEO of CapitaLand Development (Vietnam) Vietnam is one of our core markets, and we are committed to being a long-term partner contributing to Vietnam’s economic development. Having been part of Vietnam’s growth for 28 years, CLD’s portfolio comprises one retail mall, two integrated developments, and more than 13,000 quality homes across 17 residential developments. Over the next five years, we aim to accelerate our investment in the country, doubling our capital allocation to grow our portfolio in Vietnam. Our real estate expertise, coupled with our extensive local knowledge, places us in a strong position to scale up our investments in township developments, logistics, industrial, and business parks as well as seek opportunities to expand into data centres. Our recent investments … [Read more...] about CapitaLand Development enhances its operations

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Demand for cotton forces adjustments

August 7, 2022 by vir.com.vn

Thanh Cong Textile Garment Investment Trading JSC exported over one-third of its products to the United States in 2021. However, the company started to face challenges following the US’ blanket ban on all Xinjiang cotton. Last year, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act. Vietnam’s cotton imports reach up to one million tonnes each year, Photo: Shutterstock Tran Nhu Tung, chairman of the company, said that the company has adopted regulations this year related to this act. Accordingly, buyers have to be responsible for export orders to the US which source Chinese cotton materials. Thanh Cong secures many large orders from the US. In 2022, the company sets a target to generate $179 million in revenues and $10.87 million in profit, up 120 per cent and 188 per cent respectively against last year. Tung noted that yarn exports are the main driving force for Thanh Cong. “There is a rapidly growing demand for yarn imports in the global … [Read more...] about Demand for cotton forces adjustments

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Monetary stance points to only mildly higher interest rates in Viet Nam: Fitch Ratings

August 8, 2022 by bizhub.vn

A customer at an HDBank transaction office. Viet Nam’s policy rate is expected to rise 50 basis points to 4.5 per cent by end-2023. — VNA/VNS Photo Capital account restrictions largely insulate interest rates in Viet Nam from global monetary tightening and the country’s policy rate is expected to rise 50 basis points to 4.5 per cent by end-2023, according to Fitch Ratings. Under a report on the impact of rising interest rates on Asia-Pacific (APAC) banks released this week, Fitch said annual credit targeting remains a centrepiece of the State Bank of Vietnam's (SBV) monetary policy framework, and the refinancing rate is not a primary policy lever. Moreover, strong foreign investment inflows underpin the dong's resilience, which has depreciated by only 2 per cent year-to-date by end-July 2022, making it the second-best performing currency in APAC behind only the Hong Kong dollar. According to Fitch, Viet Nam’s rates are driven chiefly by economic activity and inflation. … [Read more...] about Monetary stance points to only mildly higher interest rates in Viet Nam: Fitch Ratings

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