Gatsby reaching for the green light quote

Vietnamese goods have high competitive capacity on Amazon and Alibaba

April 17, 2021 by vov.vn

A notable example is An Nhien Coffee Tea Joint Stock Company of the Anni Coffee brand who joined the Amazon e-commerce floor in 2013, with its revenue and customers from this e-trading platform accounting for 80% of the firm’s sales and growth rates being maintained between 60% and 100% annually.

Furthermore, Green Diamond Production and Trading Joint Stock Company with the brand name Light Coffee also achieved numerous positive results through their business activities whilst participating in the international e-commerce trading floor of Alibaba.

Kuo Yiling, head of the Asia-Pacific region at Alibaba, said that Vietnam currently offers over 600,000 products on Alibaba, with these partners receiving more than 50,000 quotation requests from customers around the world on a daily basis.

He went on to reveal that the country has the ability to provide competitive goods through international e-commerce floors, noting that Alibaba has worked with several partners in the nation for over 10 years, with the number of reputable local suppliers increasing rapidly.

Vietnam has great potential for globalisation due to a strong capability in providing competitive goods coupled with a high-skilled workforce, he added.

Vietnam, Colombia seek stronger economic and trade ties

April 17, 2021 by vov.vn

The Vietnamese Embassy in Venezuela, concurrently Colombia, recently held a webinar aimed at promoting trade, investment, and tourism co-operation between both sides.

The purpose of the event was to introduce the potential of the Vietnamese labour and export market as a means of ramping up bilateral co-operation in the fields of economics, trade, tourism, and investment between the two nations.

As part of his opening speech, Vietnamese Ambassador to Venezuela concurrently Colombia Le Viet Duyen highlighted the ever-growing friendship and co-operative ties after 42 years of diplomatic relations, adding that the Government and people of Vietnam always place great importance on promoting friendly relations and bilateral co-operation, especially in sectors where the two countries boast great potential. In particular, bilateral trade relations over recent years have seen continuous growth, he added.

Last year witnessed total two-way turnover reach US$640.8 million, of which Vietnam mainly exported engines, machinery, electrical equipment, footwear, seafood, apparel and textiles, fibers, and metals worth US$622.5 million , while importing goods such as timber and wood products, food, leather, organic chemicals, and precious metals valued at US$18.3 million from the South American nation.

Furthermore, Ambassador Duyen also introduced key Vietnamese export products which are much sought after globally, including rice, coffee, pepper, electronic products and components, garments textiles, footwear, seafood, furniture, and agricultural machinery.

With the world continuing to struggle against the novel coronavirus (COVD-19) pandemic, Vietnam has successfully brought it under control and has emerged as an attractive destination for trade, investment, and tourism in the region and the wider world, the Vietnamese diplomat said.

The Chamber of Commerce is currently ready to assist local firms in fully grasping economic policies and market information as a means of facilitating their investment and trade activities in Colombia, he said.

Meanwhile, Gustavo Moreno, a representative from the Colombian Trade and Investment Promotion Agency (ProColombia), said that the South American nation is one of the leading countries in the world to receive foreign direct investment. As such, it will offer special incentives for Vietnamese businesses to invest in major projects and free economic zones in Colombia.

Timo appoints Nirukt Sapru to Global Advisory Board

April 16, 2021 by www.vir.com.vn

Nirukt Sapru joins the Global Advisory Board of Timo Digital Bank platform

With more than 34 years of experience in retail, commercial and investment banking, Nirukt possesses deep emerging market experience across Asia, the Middle East, Eastern Europe, and Latin America, coupled with having run businesses in the OECD markets of Australia, Europe, and North America.

Most recently, he served as Standard Chartered Bank CEO for Vietnam and Cluster CEO for ASEAN and South Asia cluster markets. During his tenure, Standard Chartered Bank Vietnam became one of the leading international banking franchises in Vietnam and he is in particular credited for building out a digital retail franchise.

Prior to joining Standard Chartered, Nirukt was global head of Emerging Markets and Leverage Finance for ABN AMRO Bank based in London.

His extensive knowledge and experience in Vietnam and other financial markets will allow him to contribute significantly to the long-term domestic and international development of Timo.

Both Nirukt and Timo strongly believe that any strategy must be based on customer-centricity.

“Timo has an extraordinary cloud based native digital platform which allows it to provide a truly world-class digital solution for its customers,” said Nirukt. “With its obsession with customer outcomes, I am excited to join the team at Timo to serve our customers and give them a truly world class customised experience.”

With this appointment, Timo gains an exciting opportunity to understand international financial development trends and customise them to the digital banking ecosystem in Vietnam. Nirukt will therefore play a key advising, supporting, and empowering role for Timo’s senior management, complementing and validating strategic matters.

Setting up a Global Advisory Board is crucial to assist Timo in realising its aspirations of becoming the preferred “financial partner” for customers and provide the best financial experience anytime, anywhere.

To further advance this mission, Timo has concurrently made a series of additional senior management appointments tasked with developing further innovative solutions. The company hopes to positively contribute to the overall development of the banking and financial sector in Vietnam and improving the lives of the Vietnamese people through innovative and customised digital solutions.

These efforts are also starting to attract global attention. Recently, Timo was awarded Best Digital Bank in Vietnam 2021 by the prestigious International Business Magazine, the third consecutive year that Timo has received the award “Best Digital Bank in Vietnam”.

Nguyen Bao Hoang, CEO of Timo said that he sees the line between digital and traditional banks continuously blurring in the future. Timo therefore aspired to simply become a leading bank in Vietnam over the next decade.

Meanwhile, in addition to strengthening its position domestically, Timo is also assessing international strategic opportunities. Specifically, the company is open to international partners and investors who can provide strategic value to the financial ecosystem and reach customers in both financial and non-financial segments to increase Timo’s overall competitiveness in this period of abundant opportunity but also significant challenge.

By Ha Thuy