Vietnam banking industry report 2019

Vietnam competed in the qualifying round of the tank biathlon category within the framework of the International Army Games 2022 in Moskva, Russia on Saturday, the Vietnam News Agency reported. This year’s tank biathlon event attracts the participation of 61 crews of 21 teams, divided into two groups. The first group consists of teams from Azerbaijan, Belarus, Venezuela, Vietnam, Kazakhstan, Russia, Kyrgyzstan, China, Uzbekistan, and Mongolia, while the second is comprised of Abkhazia, Armenia, Zimbabwe, Iran, Laos, Mali, Myanmar, Syria, Sudan, Tajikistan, and South Ossetia. Teams in Group 1 will compete in the qualifying round to select the top eight to enter the semi-final round and then the best four for the final round. Meanwhile, those in Group 2 will only join a round-robin format. Crew No.1 of the Vietnamese tank team completed their task on Saturday, destroying four targets out of five and finishing the race after 34 minutes 53 seconds. Meanwhile, crews from … [Read more...] about Vietnam’s tank team competes in International Army Games in Russia

Nam Hai Dinh Vu Port in Hai Phong City. (Photo: VNA) This is one of the factors that make the demand for logistics real estate increase sharply, it said. A survey by Savills Vietnam showed that Vietnam's logistics industry is enjoying significant growth due to the development of the national economy, and the manufacturing and e-commerce sectors. According to a report on the emerging market logistics index released earlier this year by Agility, a leading logistics and transportation service provider in 2022, Vietnam ranks 11th among the world’s top 50 emerging markets, only behind Indonesia, Malaysia and Thailand in the Association of Southeast Asia Nations. Vietnam's transport and logistics market is estimated to grow at a compound annual growth rate (CAGR) of 7 percent in the 2021-2026 period. The Vietnamese government encourages enterprises manufacturing and attracts investment by establishing industrial and economic zones. Despite challenges from the Covid-19 pandemic, … [Read more...] about Demand for logistics real estate increases sharply: Savills Vietnam

Customers are experiencing digital services of a bank. (Photo: SGGP) Several banks are developing their digital version or their own banking ecosystem to satisfy diverse demands of their clients. For instance, Nam A Bank’s ecosystem is running its Robot OPBA to provide financial consultation and aid customers to complete necessary banking procedures without the employment of a bank teller. Its Open Banking app on smart devices with eKYC (Electronic Know Your Customer ) allows customers to carry out financial transactions without the need to visit a bank office. Its latest ecosystem - Onebank-ATM – helps customers conduct transactions whenever they want. Owning similar useful banking ecosystems are TPBank with its app called TPBank Mobile and TPBank Biz for individuals and businesses, respectively, or Vietcombank with its multi-function Digibank that allows customers to transfer money, pay bills, deposit money into an ETC account, book airline tickets or hotel rooms. Deputy … [Read more...] about Digital transformation in banking providing users with more convenience

State Bank of Vietnam (SBV)’s headquarters in Ha Noi. The SBV withdrew more than VND1 trillion through the bill channel in the first week of August. — Photo SBV The open market operations (OMO) have been more stable this month after the State Bank of Vietnam (SBV) reduced its intervention in the market. According to Saigon Securities Incorporation (SSI)’s research division, the OMO had seen strong fluctuations last month when the SBV consecutively injected a large amount of Vietnamese dong totalling VND46 trillion through bill issues. In August, the SBV changed its policy, starting to withdraw cash out of the market through the OMO. It withdrew more than VND1 trillion through the bill channel in the first week of August. However, SSI analysts noted, the SBV has still applied the interest rate bidding method in the OMO, with a floor rate of 3.5 per cent per year, with an aim to keep the interbank lending interest rates at high levels. Under the SBV’s move, the interbank … [Read more...] about Central bank reduces intervention on OMO

Illustrative photo (Photo: VNA) Hanoi (VNA) – The Vietnam International Medical and Pharmaceutical Exhibition ( Vietnam Medi-Pharm 2019 ) will return in Hanoi in its 26th edition from May 8-11. At a press conference held in Hanoi on May 2, Head of the Ministry of Health’s Department of Communications, Emulation and Reward Nguyen Dinh Anh said that the event, held by the Vietnam Medical Products Import-Export JSC in collaboration with the Vietnam Advertisement and Fair Exhibition JSC, will draw the participation of 450 companies from Belgium, China, the Czech Republic, Germany, Japan, the Republic of Korea, the US, and Vietnam, among others. On the display at 550 booths will be pharmaceutical products, food supplements, pharmaceutical processing, manufacturing and packaging equipment, lab equipment, and healthcare services. Besides, various events will be held within the framework of the exhibition, including a national scientific conference on preventive medicine … [Read more...] about Vietnam Medi-Pharm expo to return Hanoi on May 8-11

Vietnam Medi Pharm Expo 2018 is expected to attract about 350 domestic and foreign exhibitors in August (Photo: VNA) Hanoi (VNA) – About 350 domestic and foreign exhibitors will gather at the Saigon Exhibition and Conference Centre (SECC) in Ho Chi Minh City for the 18th Vietnam International Hospital, Medical and Pharmaceutical Exhibition (Vietnam Medi Pharm Expo 2018) from August 2-4. The number of foreign exhibitors increased annually over the past 3 years, particularly those from Germany, Japan, the Republic of Korea, Singapore, India, and Malaysia, said Nguyen Khac Luan, general director of Vinexad , organiser of the event. Products on display at the expo will be medical equipment and equipment in the pharmaceutical and beauty industries, natural medicines and supplementary foods. Along with trading activities among the enterprises, the three-day exhibition will also feature seminars “Introduction to Vietnam’s Pharmacy and Medicine Market” and “Local Medical … [Read more...] about Vietnam Medi Pharm Expo to return to HCM City in August