The Hanoitimes - Strengthened bilateral ties between the two countries as well as Vietnam’s high economic growth and improved business environment will usher in a new wave of Japanese investment in the South East Asian country, experts said. Many Japanese manufacturers plan to invest in Vietnam In a recent visit to Japan, Prime Minister Nguyen Xuan Phuc met with many big Japanese investors operating in various sectors from infrastructure, property, aviation to finance, banking and retail sales such as All Nippon Airways Co., Ltd, AEON Co Ltd., Mitsubishi UFJ Financial Group, Mitsui and Mitsubishi to discuss their upcoming business and investment plans in Vietnam. At the meeting, Japanese investors said they are planning to pour billions of US dollars in Vietnam, across many sectors. This has been expected to be a new Japanese investment wave in Vietnam in the time to come. AEON Co Ltd., for example, is planning to produce Vietnamese-made products which will be sold at … [Read more...] about Vietnam foresees new wave of Japanese investments
New wave of british heavy metal
Vietnam anticipates new wave of outbound investment
Viettel now has 35 million subscribers in 11 foreign markets According to Dau Anh Tuan, head of the Legal Department of the Vietnam Chamber of Commerce and Industry, after nearly 30 years since Vietnam’s first outbound investment project was registered, local firms have reached diverse global destinations. Outbound investment activities have also become increasingly diversified with regards to markets, investment fields, scale, and investment methods, as well as types of businesses. Nguyen Van Toan, deputy chairman of the Vietnam Association of Foreign Invested Enterprises, said Vietnamese firms have gone the right way to match the global trend. Buoyant outbound investment was attested by the constant growth of Vietnamese firms in foreign markets. Toan cited World Bank figures which reflected that on the global scale outbound investment rose by 10-34 per cent in the past decade. Vietnam was no exception, with the current outbound investment figure being 30 times higher … [Read more...] about Vietnam anticipates new wave of outbound investment
Banks face new wave of technology
The fourth industrial revolution, or Industry 4.0, has brought about fundamental changes in various fields on a global scale, including in Vietnam. A new wave of technology is also making significant changes in the financial sector, especially in the distribution channel of products and services. LiveBank, an auto banking model launched by TPBank In order to catch up with the trend of development in Industry 4.0, Vietnamese banks have proactively researched and invested in various advanced technologies in order to develop their products, services, and management. Most prominent is the practical deployment of digital platforms, such as cloud computing, large data analysis, artificial intelligence, and applications, as well as solutions such as biometric authentication, open API, etc., in order to improve their operational efficiency and enhance customer experiences. According to Deputy Governor the State Bank of Vietnam (SBV), Nguyen Kim Anh, new digital technologies in … [Read more...] about Banks face new wave of technology
VN banks face new wave of technology
The fourth industrial revolution, or Industry 4.0, has brought about fundamental changes in various fields on a global scale, including in Vietnam. A new wave of technology is also making significant changes in the financial sector, especially in the distribution channel of products and services. LiveBank, an auto banking model launched by TPBank In order to catch up with the trend of development in Industry 4.0, Vietnamese banks have proactively researched and invested in various advanced technologies in order to develop their products, services, and management. Most prominent is the practical deployment of digital platforms, such as cloud computing, large data analysis, artificial intelligence, and applications, as well as solutions such as biometric authentication, open API, etc., in order to improve their operational efficiency and enhance customer experiences. According to Deputy Governor the State Bank of Vietnam (SBV), Nguyen Kim Anh, new digital technologies in … [Read more...] about VN banks face new wave of technology
New wave of Korean investment expected
(VEN) - The Republic of Korea (RoK) retains its place as the largest foreign investor in Vietnam and is expected to increase its investments sharply in the near future, especially in the Vietnamese financial and banking sector. Samsung Electronics has invested more than US$10 billion in Vietnam US$59 billion of registered capital The RoK ranked first among 76 countries and territories investing in Vietnam in the first quarter of this year. Data from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) show that Vietnam has so far attracted US$319.9 billion in registered foreign direct investment (FDI) capital, US$59 billion or 18.4 percent of which originate from Korean investors. In the first quarter of 2018, Vietnam attracted an additional US$5.8 billion of FDI capital, US$1.84 billion or 31.6 percent of it from the RoK. Leading Korean corporations including Samsung, LG, Lotte, Hyosung, and Doosan have chosen Vietnam for major … [Read more...] about New wave of Korean investment expected