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
New wave of british heavy metal
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
Live: National Business Conference, EUROCHAM suggests ways to create new wave of investment inflows
This is the second national business conference chaired by PM Nguyen Xuan Phuc since he took office in 2016 in a bid to seek ways to further improve the country's business environment. The conference is also attended by leaders of 63 local authorities and representatives of 200 foreign-funded enterprises. In the afternoon, the Government will convene meeting with leaders of ministries and localities to consider businesses' recommendations presented at the conference. At 7: 30am, PM Phuc started the conference which is scheduled to last until 13pm. He called on business leaders and other delegates to contribute frank ideas and recommendations on how the Government will create best conditions for the operation of businesses. The PM strssed that despite achievements, there remained many things that we have to address to remove difficulties against business. At 7.45': Minister of Planning and Investment Nguyen Chi Dung presented a report on one-year implementation of the Government's … [Read more...] about Live: National Business Conference, EUROCHAM suggests ways to create new wave of investment inflows