FWD and Nam A Bank sign up for a long-term partnership RELATED CONTENTS: FWD launches a breakthrough product FWD Vietnam opens head office in Ho Chi Minh City FWD appoints new chairman of FWD Vietnam FWD secures regulatory approval to acquire Great Eastern Life Vietnam Nam A Bank to sell 100 million shares With this agreement, FWD will expand its bancassurance distribution network as it aims to become a leading insurer in Vietnam that changes the way people feel about insurance. "FWD has achieved remarkable growth in the last six months, and our bancassuarance distribution channel has been a significant driver of this," said Anantharaman Sridharan, FWD general director. "Our strength in providing innovative and simple products and a unique customer experience supported by leading digital technologies will complement Nam A Bank’s network for the ultimate benefit of their customers and the availability of insurance. This is aligned with our vision to … [Read more...] about FWD signs exclusive 15-year bancassurance partnership with Nam A Bank
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Fairness must be guaranteed in use of natural resources
Đặng Hùng Võ, former Deputy Minister of Natural Resources and Environment. Photo VGP Báo Chính Phủ (Government Newspaper) talks to Đặng Hùng Võ, former Deputy Minister of Natural Resources and Environment, about solutions to unleash the private sector’s potential, following an article written by Prime Minister Nguyễn Xuân Phúc to promote harnessing resources to create a driving force for Việt Nam’s growth. How much does unleashing the potential and fully utilising the country’s resources matter to Việt Nam? Utilising resources – including land, human resources, financial resources and technology – determines the speed and quality of economic growth in all countries. Take land for example. Land fee collections in Việt Nam only account for 20 per cent of local governments’ revenues, while the rate in industrialised … [Read more...] about Fairness must be guaranteed in use of natural resources
Couple arrested for smuggling underage girls to China
Lo Thi Dien, 33, and her husband Giap Van Long, 32, have been placed under arrest, Lang Son Province's police said Monday. The police and patrol officers in Cao Loc District at the China border stopped the couple's car last Wednesday as it headed to the border and discovered the girls inside. Initial investigation found the couple have been smuggling many young Vietnamese women to China to find jobs or marry to Chinese men, Giao Thong newspaper reported. No information has been released on whether the girls have been detained for further investigation or have been returned to their hometowns. Police said that the case is being investigated further. About 80 percent of human trafficking victims in Vietnam end up in China, according to the Ministry of Public Security. Most cases are from northern border provinces such as Lao Cai, Ha Giang, Dien Bien, and Quang Ninh, and most of the victims are women or children. China, the world’s most populous country, suffers from one of the … [Read more...] about Couple arrested for smuggling underage girls to China
Remittances to Việt Nam to further rise in 2019
The World Bank forecast that about US$16.7 billion in remittances will flow into Việt Nam this year, up 4.6 per cent from a year earlier. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Remittances to Việt Nam are likely to increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyễn Trí Hiếu said. He attributed the increasing trust to the Government’s various policies to improve the local business climate by simplifying investment procedures. Remittances have been forecast to reach US$17 billion this year by some organisations, he said. The World Bank forecast that about $16.7 billion in remittances will flow into Việt Nam this year, up 4.6 per cent from a year earlier. The BIDV’s Training and Research Institute also made a similar prediction, which will put the Southeast Asian country among the world’s top ten … [Read more...] about Remittances to Việt Nam to further rise in 2019
Remittances to Vietnam to further rise in 2019
Remittances to Vietnam are likely to further increase in 2019. (Photo: VNA) Hanoi (VNA) – Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said. He attributed the increasing trust to the government’s various policies to improve the local business climate by simplifying investment procedures and increasing market confidence. Remittances have been forecast to reach 17 billion USD this year by some organisations, he said. The World Bank forecast that about 16.7 billion USD in remittances will flow into Vietnam this year, up 4.6 percent from a year earlier. The BIDV’s Training and Research Institute also made a similar prediction, which will put the Southeast Asian country among the world’s top ten remittance receivers for a third year in a row. The value rose from 13.8 billion USD in 2017 to 15.9 billion … [Read more...] about Remittances to Vietnam to further rise in 2019