Non-bank lending an emerging solution - illustration photo Jinchang Lai, Asia Pacific financial infrastructure lead at International Finance Corporation (IFC), noted that non-deposit-taking lenders (NDTLs) should offer great potential to grow the leasing industry in Vietnam – and with an enabling environment, it can be further improved. “Personally, I know that there are private investors, both Vietnamese and foreign, who want to pour money into the leasing industry,” Lai said, adding that commercial NDTLs are currently missing from the Vietnamese market with the exception of a handful of financial leasing companies. … [Read more...] about Non-bank lending an emerging solution
Outsourcing in supply chain management
Sustainable buildings fit for tomorrow
According to the latest report from the International Energy Agency and the UN, the construction industry will witness a resurgence in growth and the number of constructions will double by 2050. Moreover, the environmental challenges for improving existing buildings and future designs need to focus on four main areas: adaptation to global warming and climate change, exhaustion of resources, pollution, and negativity in land use change. … [Read more...] about Sustainable buildings fit for tomorrow
The giddy rise of Vietnam’s steel billionaire
Hoa Phat plans to expand even further in the steel supply chain with the second phase of its Dung Quat Complex. Construction is set to begin in January 2022 and take three years. It will increase capacity by five million tons a year, with the main output being hot-rolled coil (HRC). … [Read more...] about The giddy rise of Vietnam’s steel billionaire
Vietnam loses over US$1 billion due to cyber virus in 2020
For years, there are several large-scale cyber attacks in the world. For instance, the world’s largest electronics manufacturer, Foxconn, has suffered a cyber attack and extortionists are reportedly demanding a $34 million ransom be paid for the recovery of its data or personal data consisting of user IDs, phone numbers and names of 267,140,436 Facebook users was left exposed on a database online. … [Read more...] about Vietnam loses over US$1 billion due to cyber virus in 2020
Global finance centre reboot on the cards
The dream to create an IFC in the country is not a new one, but previous proposals have failed to leave the starting blocks thus far. Such a financial centre, which could comprise of a region or city with a full financial hub with direct access to major capital pools from banks, insurance companies, investment funds, and listed capital markets, would enable companies, institutions, and individuals from around the world to meet needs like financing supply chains and managing risks. … [Read more...] about Global finance centre reboot on the cards