Vietnam Economic Forum scheduled for December 5 The event will take place at the International Convention Centre in Hanoi on December 5 to review Vietnam’s economic development in 2020-2021, and policies adopted to cope with the COVID-19 pandemic. Specifically, it will give insight into the trend of economic restructuring and changes in production and business models due to pandemic impacts, along with policies that have been rolled out in the world to tackle COVID-19, thus withdrawing lessons for Vietnam in this regard. The organisers launched the official website of the forum, at diendankinhte.quochoi.vn, in Vietnamese and English languages. Reference exchange rate stays stable on Dec. 3 The State Bank of Vietnam set the daily reference exchange rate at 23,117 VND/USD on December 3, unchanged from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,812 VND/USD and the floor … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 3
Financial help for single mothers
Asia was the first to experience the virus, the first to exit lockdown, and now has new spikes. Asia was the first place to experience the coronavirus, impose lockdowns and then emerge from them. It was also the first to experience new groups of infections, with clusters from nightclubs in Seoul, the Russia-China border, and elsewhere. Although it is early for conclusions, can lessons be learned? 1. Wave, spike or cluster - it's unavoidable Terms such as second wave, spikes or clusters of cases are bandied around, but what do they mean? Medically, a second wave refers to the resurgence of infection in a different part of a population after an initial decrease. The WHO says past pandemics have been characterised by "waves of activity spread over months". In Asia, we have been seeing isolated clusters and regional spikes in infection numbers. and it is hard to predict how they will develop. But for Jennifer Rohn, a cell biologist at University College, London, a second … [Read more...] about Coronavirus ‘second wave’: What lessons can we learn from Asia?
Domestic airlines have sent another written request to the Ministry of Transport seeking preferential loans to deal with difficulties due to the pandemic (Photo: VNA) Hanoi (VNS/VNA) - Local aviation enterprises have again asked for preferential loans to overcome difficulties caused by the pandemic. The Vietnam Aviation Business Association (VABA), sent another written request to the Ministry of Transport to propose the Government give airlines preferential loans. VABA Secretary General Bui Doan Ne said in the document: "Since the 4th outbreak of COVID-19, local airlines are in a dangerous situation as their revenue has decreased by 80 to 90 percent, cash flow is seriously falling and the accumulated financial and asset resources of the firms are exhausted." Reports from local airlines all showed that they needed help to solve difficulties in capital. In this case, VABA asked MoT to consider, approve and make a proposal to the Government and the National … [Read more...] about Aviation enterprises again seek preferential loans
Tran Nhat Minh, VIB deputy CEO and head of Banking Technology Services What do you think about the growing momentum of cloud computing among enterprises in the world and in Vietnam? Cloud computing has been around for 20 years, but has only become a big buzz in the last five. AI technology is a perfect match for cloud, giving businesses superior competitive advantages. Netflix has moved to the cloud more than five years ago. The Bank of America has migrated its data centre to the cloud two years ago; JP Morgan Chase teamed up with Amazon Web Services (AWS) for data analysis. CBA Bank (Australia) announced that 25 per cent of its applications will be running on the cloud within the next five years. Moving to the cloud is the new global trend, and it is essential that Vietnamese enterprises keep up with it. The collaborations of the three biggest tech companies and the biggest names in Vietnam – including two banks – in late September are proof of how impactful this trend is … [Read more...] about Multi-cloud is the new trend