About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 19
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CAAV proposes permission for import of Boeing 737 Max aircraft
The Civil Aviation Authority of Vietnam (CAAV) said on September 20 that it has sent a document to the Ministry of Transport asking for permission to conduct procedures to allow Boeing 737 Max aircraft to fly to/from Vietnam’s territory, and to grant certificates for this type of aircraft to be imported into Vietnam. A Boeing 737 Max in a trial flight prepares to land in Seattle city of Washington state, the US. CAAV Director Dinh Viet Thang has worked with representatives of the aircraft manufacturer Boeing to update the operation status of Boeing 737 Max aircraft in the world and reported this content to the ministry. According to information updated by Boeing, 178 out of 195 aviation authorities in the world have lifted bans on Boeing 737 Max aircraft, including re-issuance of standard airworthiness certification, authorisation to fly to/from their territory and transit through their airspace for this aircraft. After being allowed to operate again by the … [Read more...] about CAAV proposes permission for import of Boeing 737 Max aircraft
Indonesia’s national flag carrier to drastically cut its fleet
Illustrative image (Photo: AFP/VNA) Jakarta (VNA) - Garuda Airlines - Indonesia 's national flag carrier - is reported to plan to cut a large number of wide-body aircraft, while retaining dozens of narrow-body aircraft to focus on its low-cost subsidiary Citilinks. The Flightglobal.com website cited aviation data analytics company Cirium as saying that Garuda is looking to cut nearly 80 planes from its fleet and renegotiate or cancel orders for more than 90 others. According to the source, Garuda is expected to launch a settlement plan in order to carry out the restructuring of the group's aircraft lease agreements as well as other debts. The information was announced after Garuda lost the lawsuit for the payment of aircraft rental fees against two aircraft leasing companies Helice SAS and Atterrissage SAS at the London Court of International Arbitration (LCIA), in which the court ordered the airline to pay the outstanding rent. In the first half of 2021, Garuda … [Read more...] about Indonesia’s national flag carrier to drastically cut its fleet
Hanoi allows barbershops, malls, on-site workers
A directive to this effect issued Monday night by municipal People's Committee Chairman Chu Ngoc Anh would allow businesses, offices and corporations to resume on-site operations at 50 percent capacity – half the workforce working onsite and the other half remotely. Malls, fashion shops, cosmetic stores, barbershops, repair shops for vehicles and electrical appliances, stores that sell books, office and studying tools, business activities on e-commerce platforms and online delivery can resume, starting 6 a.m. Tuesday. Other establishments that will reopen include markets, supermarkets, convenience stores, pharmacies, clinics, rehab facilities and other essential businesses like banks and postal services. The decision does not apply to organizations belonging to the central government, armed forces, coronavirus fighting units, diplomatic entities and international organizations. However, conferences and gatherings with more than 20 people in the same room are banned, except for … [Read more...] about Hanoi allows barbershops, malls, on-site workers
“Coast guards stand by fishermen” program held in Ha Tinh province
During the event, Flotilla 102 delivered around 200 books with information related to national maritime sovereignty and the Law of the Sea of Vietnam to youths in Xuan Tho commune. The unit also presented gifts, worth VND 1 million each, to 15 needy students in the locality on the occasion of the new academic year. The same day, the unit worked with the Youth Union chapters of Nghi Xuan district and Lach Ken Border Post to distribute 200 leaflets with information about illegal, unregulated and unreported (IUU) fishing combat and present 100 national flags, 600 face-masks and 15 gifts (instant noodles, cooking oil, salt and mononatri glutamate) to needy fishermen in Xuan Hoi commune who are affected by COVID-19. This practical activity aimed to encourage students and fishermen in Nghi Xuan district to overcome difficulties caused by the COVID-19 pandemic. It was also to raise fishermen’s awareness of and encourage them to strictly observe fishing regulations and laws, thus helping … [Read more...] about “Coast guards stand by fishermen” program held in Ha Tinh province
