Vinacapital mio digital platform

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

_Forming a digital Ministry of Agriculture and Rural Development _Establishing the digital agriculture _Creating digital rural areas with digital farmers. This process has lately been initiated successfully in the fields of cultivation, husbandry, aquaculture, forestry. Thanks to the ability to accelerate the elimination of ineffective traditional single farming models, the process is expected to promote the connection between 9 million farmer households with food processing enterprises as well as 100 million consumers nationwide, and further billions of international consumers. Using digital transformation, the Ministry of Agriculture and Rural Development wants to foster the application of advanced digital technologies among farmers and businesses taking part in agricultural activities. It should begin with modernizing cultivation methods to increase the values for all stakeholders in the ecosystem by providing more nutritious food for users worldwide. The transparency of … [Read more...] about Vietnam striving to develop digital agriculture

The system will offer all 403 level-3 and level-4 public services online as well as 25 essential public services listed in Project 06. This means all 1,733 administrative procedures will be offered online for the local authorities of all districts and Thu Duc City to easily answer the requests of citizens. Right now, only the marriage registration cannot be done online, but others like birth registration, death registration will be performed online at level 3. Vice Chairman of HCMC People’s Committee Duong Anh Duc stated that the launch of this system can both fulfill the city’s political goal according to Project 06 and accelerate the establishment of a digital government in HCMC via administrative reform. One matter that has attracted much concern from the public is the use of chip-based citizen ID cards to register for medical examination and treatment under health insurance. As related systems are not fully synchronized, most ID cards contain no health insurance information, … [Read more...] about HCMC accelerating digital government establishment

Visitors at the 20th International Medical, Hospital & Pharmaceutical Exhibition that opened on Thursday in HCM City. — VNA/VNS Photo The Vietnamese medical devices market, which is growing annually at more than 18 per cent, relies heavily on imports, representing significant opportunities for foreign businesses, according to the HCM City Medical Equipment Association. The market is now worth US$1.5 billion, up from US$1.1 billion in 2017, Hua Phu Doan, deputy chairman of the association, said. Domestic medical devices manufacturers make mostly basic stuff and meet only 10 per cent of demand while the remaining 90 per cent is imported, he told a meeting held recently in HCM City. The number of foreign manufacturers in Viet Nam remains modest due to the lack of development of supporting industries and the absence of an industrial cluster in this sector, he said. Foreign investment in the production of medical devices is vital to reduce reliance on imports and facilitate … [Read more...] about Viet Nam seeks foreign investment in medical devices production

NextTech Chairman and BOXME Director General shake hands at the signing ceremony. — Photo courtesy of NextTech NextTech Group and Ngan Luong Intermediate Payment Gateway JSC have invested over VND150 billion (US$6.4 million) in BOXME to expand its operations in Viet Nam. NextTech is a multi-platform ecosystem operating in e-commerce, fintech, logistics and education with annual online tractions of $5 billion whereas Ngan Luong is a popular online payment gateway with 35 million transactions carried out daily. BOXME is a pioneer in e-commerce logistics that owns three giant centres of 12,000sq.m each in the country. It offers fulfillment services to e-commerce platforms with a capacity to process 50,000 orders per day. Given the pandemic has caused a boom in e-commerce, the investment is expected to help BOXME scale up to meet the mounting demand for e-logistics and become the leading e-logistics firm in Southeast Asia. "During two years of the pandemic, we had to run at full … [Read more...] about NextTech and Ngan Luong fund BOXME to expand its operations

Brent crude futures fell 27 cents, or 0.3%, to $97.88 a barrel by 0034 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was at $91.87 a barrel, down 22 cents, or 0.2%, following a 2.4% drop in the previous session. Saudi Aramco stands ready to raise crude oil output to its maximum capacity of 12 million barrels per day (bpd) if requested to do so by the Saudi Arabian government, Chief Executive Amin Nasser told reporters on Sunday. "We are confident of our ability to ramp up to 12 million bpd any time there is a need or a call from the government or from the ministry of energy to increase our production," Nasser said. He added that China's easing of Covid-19 restrictions and a pickup in the aviation industry could add to demand. Investors are looking ahead to China economic data later on Monday for demand cues at the world's top crude oil importer. Oil prices rebounded more than 3% last week after a damaged oil pipeline component disrupted output at … [Read more...] about Oil prices ease as Aramco says ready to boost crude output