Digitalisation

Digitalisation will help us address big global challenges like bridging the digital divide and reducing the carbon footprint, among others. Digital transformation is a global engine of sustainable economic growth, and digital solutions have the potential to reduce global carbon emissions by up to 15 per cent by 2030. Denis Brunetti-President in Vietnam, Myanmar, Cambodia, and Laos, Ericsson For example, technologies such as 5G enable will enable connected smart energy systems that can better match supply with demand and integrate renewable energy sources like wind and solar. For governments, this means delivering on green and digital agendas, but also enabling them to fundamentally alter how citizens engage with the state and its services. Research undertaken by Imperial College London shows that an average 10 per cent increase in mobile broadband adoption can deliver a corresponding increase in GDP of up to 0.8 per cent, with the benefit being significantly larger in … [Read more...] about Digitalisation to drive forward sustainable development

During Crown Prince Frederik meeting with State President Nguyen Xuan Phuc in Hanoi, both sides agreed to expand ties in trade, investment, education, training, culture and tourism. Danish Crown Prince Frederik meets with State President Nguyen Xuan Phuc The signing was a part of celebrations to mark 50 years of Danish-Vietnamese diplomatic relations. Over the past years, the pair have been fostering their bilateral comprehensive partnership, with focus laid on promoting green growth using renewable energy towards sustainable development. During the visit, Ørsted and T&T Group signed a landmark 5-year agreement with the Ministry of Planning and Investment’s National Innovation Centre to enhance technical capacity and build technological expertise in Vietnam’s emerging offshore wind sector. It will bring together world-leading offshore wind researchers and technology providers with top Vietnamese universities, research institutions, and industrial players to … [Read more...] about Danes reinforce investment tasks

Speakers at the event. — VNS Photo Mai Huong The 17th Asia-Pacific Conference of German Business opened on Sunday in Singapore with a focus on the need of diversification and stronger cooperation between Germany and the Asia-Pacific region for solving existing challenges. The two-day high-profile meeting, with the participation of the German Chancellor for the first time on Monday, came at a time of global challenges, particularly geopolitical tension in Europe. “The Russia-Ukraine war has changed everything, and new awareness arise that we have to be careful not to do business without thinking about the dependencies of supply chains of energy and raw materials and of trade,” said Vice Chancellor and Federal Minister for Economic Affairs and Climate Action Robert Habeck at the press conference on Sunday. Habeck said Indo Pacific and Southeast regions were becoming more and more important in the past years and the German government was acting on its policy guidelines on the … [Read more...] about 17th APK focuses on diversification and stronger cooperation in Asia-Pacific region

Surpassing nearly 1,000 business candidates in 2022, In Do Trans Logistics Corporation (ITL) was among 172 units recognised with the title based on the criteria of quality, innovation, creativity, and pioneering capacity. ITL was honoured to be awarded the Vietnam Value 2022 title The honour is part of a specific long-term trade promotion programme from the national government. The programme has become the launching pad for enterprises to confidently reach out to the world, thereby creating value and strength for a prosperous Vietnam. ITL Corp CEO Ben Anh said, “The title is valuable recognition for us. It is also a testament to ITL’s steadfast efforts. We are also empowered to realise more commitments to contribute to the logistics industry, as well as improving our competitiveness on par with foreign enterprises.” With nearly 3,000 employees, ITL has more than 40 offices and distribution centres in Vietnam and Indochina. With an extensive network, it has provided … [Read more...] about ITL takes home Vietnam Value accolade

A VIB logo seen on a building in HCM City. Photo courtesy of the bank The bank's 10-month pre-tax profit was also 9 per cent higher than last year's. Its return on equity has stood at 30 per cent for three consecutive years. The positive performance was attributable to the increased fee revenue from products and services, digital banking, and capital optimisation that Vietnam International Bank (VIB) has implemented for five years. VIB has many advantages in managing the bad debt ratio at a safe level thanks to the high retail loan proportion, which makes up 90 per cent of the total outstanding credit balance, with over 90 per cent of loans having collateral. Thanks to shifting into the retail segment, including credit cards, home loans, auto loans, business loans and insurance and promoting digitalisation, VIB's leaders forecast that the company's pre-tax and after-tax profits for 2022 will likely exceed the plan assigned by the General Meeting of Shareholders of $424.15 … [Read more...] about VIB to pay cash dividend up to 35 per cent

A logo of VIB seen on a building in HCM City. — Photo courtesy of the bank Vietnam International Bank (VIB) recorded a pre-tax profit of more than VND8.7 trillion over the past ten months of 2022, up 44 per cent over the same period in 2021. The bank's 10-month pre-tax profit was also 9 per cent higher than that of last year. Its return on equity (ROE) in the period stood at 30 per cent for three consecutive years. The positive performance was attributable to the increase in fee income from products and services, digital banking, and capital optimisation that VIB has simultaneously implemented for five years. At the same time, VIB has many advantages in managing bad debt ratio at a safe level thanks to the high retail loan proportion, which makes up 90 per cent of the total outstanding credit balance with over 90 per cent of loans having collateral. Thanks to its shifting into the retail segment including credit cards, home loans, auto loans, business loans and insurance … [Read more...] about VIB plans to pay cash dividend up to 35 per cent