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Expert shares insights and expertise in the market and consumer trends at the Mastercard Customer Forum 2022 in Viet Nam on August 10. — Photo courtesy of Mastercard Mastercard committed to supporting Viet Nam to drive a strong recovery post-pandemic and toward a cashless society at the Mastercard Customer Forum 2022 in Viet Nam on August 10. The event aims to connect Mastercard with its strong network of local financial institutions and issuers, as well as prestigious experts and guest speakers in new finance and payment services. The forum has helped sketch the big picture of the current payment landscape, drawing how Mastercard and its key partners join hands to increase payment capability and better serve the population of 100 million people in Viet Nam. At the event, experts from Mastercard, Thales, Moneythor and Ampverse shared insights and expertise in the market and consumer trends, the role of technology in the country’s future, and the outlook for Viet Nam’s … [Read more...] about Mastercard commits to support Viet Nam to realise cashless economy

The Tank Biathlon competition is scheduled to be held from August 13 to 27 at the training ground. On this occasion, the Vietnamese Tank Contingent and other participants were given information related to technical issues and spent time studying the areas as well as conditions of the competition. This year’s event drew the participation of 21 contingents, divided into two groups. Group 1 includes ten contingents from Azerbaijan, Belarus, Venezuela, Vietnam, Kazakhstan, Russia, Kyrgyzstan, China, Uzbekistan, and Mongolia, while the second one consists of teams from Abkhazia, Armenia, Zimbabwe, Iran, Laos, Mali, Myanmar, Syria, Sudan, Tajikistan, and South Ossetia. According to the regulations of the organizing board, this year, Group 1’s contingents will compete in the qualifying round, semi-finals (eight teams) and the final round (four teams). Meanwhile, Group 2 only competes in the qualifying round. According to the lot-drawing results on August 8 at Patriot Park on the … [Read more...] about Army Games 2022: Vietnamese Tank Contingent gets acquainted with training field

The Czech Republic last week joined Germany and Spain in denying new visas related to Vietnam’s new passport, with all three citing a lack of birthplace information. They said the new passport model does not meet the technical standards of International Civil Aviation Organization (ICAO) parameters. Outbound tours to Europe rocked by passport tangle, illustration photo “The Czech Republic agrees with other member states of the EU and will stop recognising the new passports. The decision is effective from this moment,” said a notice posted on the website of the Czech Embassy in Vietnam on August 2. The moves have damaged the plans of some travellers who had already booked tours with specialised travel agents. Nguyen Van Tai, director of Vietsense Travel, told VIR that the company has cancelled the tours of five customers who bought tickets to visit Eastern Europe in September. “The company has been heavily affected, losing hundreds of millions of VND (equivalent to … [Read more...] about Outbound tours to Europe rocked by passport tangle

The eighth edition of the biennial World Cities Summit returned to a fully in-person conference format at the Sands Expo and Convention Centre in Marina Bay Sands after a largely virtual summit last time out. At the event, numerous examples were outlined of global cities responding to urban challenges in terms of how to be more resilient, sustainable, and cohesive. The theme of this year’s summit, “Liveable and Sustainable Cities: Emerging Stronger”, was crafted to reflect the urgent and important imperative that economic growth can no longer be pursued at the expense of climate change and environmental degradation. Maimunah Mohd Sharif, executive director of the UN Human Settlements Programme said at the summit that the world has had enough policies, strategies, and innovations. “What we are lacking are actions and we need to act now. This is the time to support multilateralism,” Sharif said. “The pandemic woke us up to really look at the design and focus on housing, climate … [Read more...] about Building cities fit for human needs

The amended Law on Intellectual Property (IP) provides a more comprehensive legal framework for effective protection and enforcement for holders of IP rights. This is expected to create a strong dynamic for science and technology research, innovation and creation, and to encourage the commercial exploitation of such protected rights more effectively. Partner Nguyen Thi Hong Anh and junior associate Vu Hoang Ha Thu of Indochine Counsel It will also encourage foreign investment in high-tech industries that requires technology transfer as the rights of IP holders will have greater protection. As such, the amended IP law will encourage foreign investment and bring benefits for both manufacturing and retail sectors. In comparison with the Berne Convention, the WCT provides for two additional subjects susceptible of copyright protection, namely computer programmes (which are to be treated as literary and artistic works), and compilations of data which are selected or … [Read more...] about Conforming to treaty via Law on IP

According to the Vietnam Textile and Apparel Association (Vitas), greening the textile and apparel sector has become a global trend that local firms must follow to reach sustainable development targets and scale up export into key markets like the EU and United States. It would be particularly significant as new-generation free trade agreements with Vietnam’s engagement all feature the commitments for environmental protection and emission reduction, Vitas stated. This would require firms to invest in cutting-edge production technology which also entails mounting challenges. “Funding is a big issue, particularly as 90-95 per cent of units in the textile and apparel sector are of small and medium size,” said Truong Van Cam, Vitas’ deputy chairman. Currently, most firms in the textile and apparel supply chain performing export processing for global brands have been mandated to satisfy set requirements on environmental, social, and emission reduction standards, among … [Read more...] about Textile and apparel firms increasingly going green