The result of these multiple, simultaneous, and severe challenges far exceeded our expectations. Howe er, in a matter of weeks, we were able to launch programmes to help support clients and customers across our network, move 70 per cent of our 85,000 staff to work from home, and ensure that our processing capabilities and risk controls made a seamless transition. That we did so is a testament to the agility of our people – those in IT, customer service, facilities management, and dozens of other teams who put all else aside to make sure we were there for those who rely on us. … [Read more...] about Resilience, agility and humanity: some lessons from the pandemic
Short term visas
A teller counts Vietnamese banknotes. Since the outbreak of the novel coronavirus, banks in HCMC have provided support for some 224,000 local firms and household businesses – PHOTO: VNA HCMC – Banks in HCMC have lowered their interest rates and rescheduled loans worth VND290.5 trillion (US$12.4 billion) for around 224,000 firms and household businesses reeling from the coronavirus pandemic. … [Read more...] about HCMC banks offer support for 224,000 virus-hit businesses
HCM City (VNA) - HCM City authorities are helping companies access new technologies by promoting linkages between researchers and businesses, but more collaboration is needed, speakers said on May 28 at a meeting in the city. Trieu Thanh Son, deputy head of the Research Management and Cooperation Department under the HCM City Institute for Development Studies, said the city has been offering assistance to companies in registration of intellectual property rights and fostering linkages between researchers and businesses. “HCM City is now promoting the science and technology market to enable companies to adopt new technologies and increase their labour productivity.” More collaboration between academia and businesses, however, is needed so that research results can be converted into practical technology, he added. Nguyen Anh Ngoc, deputy director of HCM City Investment and Trade Promotion Centre, noted … [Read more...] about HCM City fosters linkages between academia, companies
Domestic tourism is slowly picking up, as authorities ease social distancing regulations on planes, trains, and buses. As a result of decisive actions on timely travel bans, cluster testing, and prolonged quarantines, Vietnam has only seen a tiny number of confirmed infections. In early April, the Vietnamese government also announced a $2.6 billion relief package aimed at 20 million people, which included cash transfers to those considered poor and vulnerable. … [Read more...] about From containment to recovery: rescuing the ASEAN from crisis
The wild discounting of accommodations is a trend we’re seeing particularly with Hoi An homestays and budget accommodations. This is helping local businesses bring in basic income. When it comes to 4- and 5-star resorts and hotels, the trend of discounting is also a good way to attract domestic travelers, though this could lead to a reduction in service quality as businesses work to keep costs under control. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?