Non communicable diseases

The deal, which includes a combination of credit cards and personal loans, represents the largest single acquisition made by Collectius to date and signifies a growing need for debt restructuring solutions in the country as loan defaults become more common. The NPLs were a joint acquisition by Collectius and the International Finance Corporation (IFC), a member of the World Bank Group. Both parties partnered in 2020 to launch the $60 million Distressed Asset Recovery Platform Programme that focuses on the acquisition and resolution of distressed assets across emerging markets. This programme helped many customers across the region meet their financial obligations and regain creditworthiness. IFC is also a minority equity shareholder in Collectius. In addition, Collectius recently acquired NPL portfolios from a leading super app in Southeast Asia, as part of a regional deal that covers five countries including Vietnam. Through these NPLs acquisitions, Collectius now serves more … [Read more...] about Collectius acquires more than $800 million of non-performing loans in Vietnam

Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country. Chairman of the National Assembly Vuong Dinh Hue on June 29 held several meetings with executives of UK multinationals, including Prudential, Standard Chartered, Pacific Land, Pearson, and Enterprize Energy. All executives have expressed their good impression and pledged to commit long-term presence in Vietnam. NA Chairman Vuong Dinh Hue and President of Prudential Shriti Vadera. Source: VNA President of Prudential Shriti Vadera said the company's business performance was positive during the Covid-19 pandemic, expressing her delight to be part of Vietnam’s development. Vadera suggested Prudential could further contribute to the country’s economic growth  by taking part in the long bond issuance. Chairman Hue welcomed Prudential’s successes in Vietnam, saying insurance corporations remain key partners of the State in Government bond issuance. … [Read more...] about UK multinationals pledge long-term presence in Vietnam

The Renewable Energy in Sustainable Industrial Parks conference was organised by the Haiphong Economic Zone Management Board in collaboration with the Embassy of the UK, the nation's Chamber of Commerce and Industry, and Star Do Group. Head of the Haiphong Economic Zone Management Board Le Trung Kien asserted the green development demand of Haiphong city and its industrial parks and economic zones. Photo: Thanh Son Attendees at the conference were Harry Rawicz-Szczerbo, head of the Trade and Investment Department at the UK Embassy; Le Trung Kien, member of the city Party Committee's Standing Board and head of the Haiphong Economic Zone Authority; Mark Shorrock, chairman of Shire Oak International; Nguyen Thanh Phuong, CEO of Sao Do Group; and representatives of Haiphong's departments and agencies, investors, and businesses. Mark Shorrock, chairman of Shire Oak International, talked about the renewable energy demand of businesses in the RE100 group. Photo: Thu … [Read more...] about Haiphong promotes renewable energy investment in industrial parks

The vaccination is expected to be carried out in Vietnam from July to the end of this year. The made-in-Vietnam African swine fever vaccine will be likely used on a large scale by the end of 2022, according to Nguyen Van Long, acting director of the Department of Animal Health under the Ministry of Agriculture and Rural Development. Long said that the vaccine was branded NAVET-ASFVAC and is produced by NAVETCO National Veterinary Joint Stock Company. Over 50 farms in ten provinces and cities nationwide have been selected to administer 600,000 doses of vaccine against African swine fever. It is expected that vaccination will be carried out from July to the end of the year, Long noted, adding that there will be an assessment for the vaccine application and a decision on widespread use will be considered. Tran Xuan Hanh, deputy director of NAVETCO said that following five lab trials, the vaccine has proved to be able to protect at least 80% of immunized pigs, which retain … [Read more...] about Vietnam’s African swine fever vaccine to be widely used by late 2022

Hanoi's GRDP growth in the first half of this year shows the economic recovery with the development of many key industries. Hanoi's economy has posted solid growth in the first six months of 2022, director of the municipal statistics bureau Dau Ngoc Hung said at a press conference on June 30. The city's gross domestic product (GDP) has expanded by 7.79% compared to the same period last year, in which, growth in the first and second quarters was 6.02% and 9.49%, respectively, Hung said. He stressed that GRDP growth in the first half of this year is higher than that in the six-month periods in recent years, showing a clear trend of recovery and development quarter after quarter of key industries. In addition, the services sector in the first six months of the year increased by 9.05% year-on-year (with increases of 6.4% and 11.68% in the first and second quarters, respectively) and contributed 5.91 percentage points to the growth of GDP. Director of the Hanoi … [Read more...] about Hanoi’s economy posts solid growth in first half of 2022

Deputy PM Vu Duc Dam inspects the treatment of dengue fever at the Hospital for Tropical Diseases. (Photo: SGGP) Deputy Prime Minister Vu Duc Dam made a field trip with his delegation to inspect the prevention of dengue fever and vaccination against Covid-19 in Ho Chi Minh City on June 30, accompanied by Standing Deputy Minister of Health Do Xuan Tuyen and Vice Chairwoman of HCMC People's Committee Phan Thi Thang. Dengue fever cases increased by 172.5 percent MD-Dr. Nguyen Van Vinh Chau, Deputy Director of the Department of Health of HCMC, informed that by June 29, the cumulative number of dengue cases in the city was 20,952, an increase of 172.5 percent compared to the same period last year, including ten deaths. Districts with high dengue cases include Binh Tan, Binh Chanh, District 12, Hoc Mon, Thu Duc City, Cu Chi, and Tan Phu. It is because the work of killing mosquito larvae and mosquitoes has not become a habit in people's awareness and actions. Besides the … [Read more...] about Covid-19 might recur if people neglect vaccination: Deputy PM Vu Duc Dam