High value insurance

Ambassador Dang Minh Khoi (standing) speaks at the meeting with Vietnamese people in Krasnodar city on August 6. (Photo: VNA) Moscow (VNA) – Representatives of the Vietnamese Embassy in Russia led by Ambassador Dang Minh Khoi have visited Vietnamese people in Russia’s southern city of Krasnodar. During the trip on August 6, the delegation visited some commercial establishments, a market where many expatriates do business, and Royal City Mall - a trade centre built and owned by Vietnamese people. Talking to the delegation, Do Minh Chanh, Chairman of the Vietnamese People’s Association in Krasnodar region, said there are about 100 Vietnamese families with over 500 members, together with 30 students from the country, in Krasnodar at present. Before the COVID-19 pandemic broke out, they had frequently organised community activities to enhance solidarity, he said, noting Russia’s special military operation in Ukraine has been affecting their business and daily activities. … [Read more...] about Ambassador visits Vietnamese community in Russia’s Krasnodar city

Digitalization is seen as a major instrument for Vietnam to promote an independent and self-reliant economy. Businesses and people should be the main beneficiaries and the driving force for the national digital transformation, so the Government encourages them to take an active part in this process. Prime Minister Pham Minh Chinh at the meeting. Source: VGP Prime Minister Pham Minh Chinh stressed the goal during a meeting of the National Committee on Digitalization today [August 8]. According to Chinh, efforts from Government agencies and localities have been translated into strong progress in Vietnam’s digitalization and contributed to the socio-economic recovery. The prime minister, however, pointed to the incompleted legal environment as the reason hampering the digitalization process, while a lack of investment in digital infrastructure, including the mobile and fixed broadband internet speeds behind the world average, means it has failed to create … [Read more...] about People and businesses urged to take part in the digitalization: PM

For over a month now, relevant personnel at the Ministry of Transport is busy with the final preparations to soon hand over Khanh Hoa-Buon Ma Thuot Expressway to the people’s committees of Khanh Hoa and Dak Lak provinces. In light of Decision No.17/QD-TTg dated July 28, two out of three components under Khanh Hoa-Buon Ma Thuot Expressway will be assigned to two localities having the road passage for management. The 32km-long first component with an estimated investment value of $244.8 million will be assigned to Khanh Hoa's People’s Committee while the 48km-long third component valued at around $282 million will be assigned to Dak Lak's People’s Committee. The 37.5km second component with a value reaching $426.8 million will be managed by the Ministry of Transport (MoT) as the road section lies in both localities and features complex terrain. Building a comprehensive highway network is one of the government priorities With more than 117.8km of total length, … [Read more...] about Huge transport investment expected to vitalise central regions

An investor was watching his cellphone in front of a stock trading board. — Photo cafe.vn The number of newly-opened securities accounts dropped sharply in July to the lowest in about two years as stock market liquidity hit a monthly low. Data from the Viet Nam Securities Depository (VSD) showed domestic investors opened 199,128 new securities accounts last month, a decline of 57 per cent over the previous month. This is the second time the number of new accounts opened in the country has dropped below 200,000 units. The last time was in February, which coincided with the Lunar New Year Holiday. Retail investors continued to be the market’s key contributor opening 198,988 new accounts, with 140 accounts from institutional investors. Meanwhile, in July, domestic individual investors closed 3,279 accounts. In the first seven months of the year, domestic investors opened more than two million new securities accounts, far exceeding the figure for 2021 (1.53 million accounts). … [Read more...] about New securities accounts hit near two-year low in July

Sacombank wins five awards from Japanese international card organisation JCB. — Photo courtesy of the bank Sacombank has won five awards from Japanese international card organisation JCB for 2021 for Leading Licensee in New Products and Solution, Leading Licensee in Merchant Sales Growth, Leading Licensee in Merchant Sales, Leading Licensee in Balance of Credit Card, and Leading Licensee in Credit Card Retail Spending Volume. It is for the sixth year in a row the bank has been honoured with these awards. It is highly appreciated for its continuous implementation of new business initiatives, launching impressive card payment products, staying ahead of technology trends, and improving the customer experience. The bank has in collaboration with JCB launched Sacombank JCB Platinum Debit card, the Japanese company’s most advanced payment card line in Viet Nam with outstanding privileges and incentives. Cardholders are entitled to free use of VIP lounge services at more than 60 … [Read more...] about Sacombank wins 5 JCB card awards

Workers wrap up and label durians. Vietnamese durians have made a name for themselves as a great-tasting fruit in many countries, but that's only the story's beginning. — Photo baomoi.com Vietnamese durians have made a name for themselves as a great-tasting fruit for overseas consumers but still have a long way to go the maintain their position on the international scene, according to insiders. Dang Phuc Nguyen, General Secretary of the Viet Nam Fruits and Vegetables Association, reveals that China, the largest importer of fresh Vietnamese durians, has allowed the fruits to be imported via official channels from July 12. However, these opportunities come with obstacles as the Chinese General Administration of Customs (CGAC) requires that Vietnamese exporting firms and growing areas register with the Vietnamese Ministry of Agriculture and Rural Development (MARD), and the registrations must be sent to CGAC for approval before the fruit can enter the country. "Durians from … [Read more...] about Long way to go for Vietnamese durian