ACB and FWD Group sign a bancassurance agreement. — VNS Photo Asia Commercial Joint Stock Bank and FWD Vietnam Life Insurance Company announced on Thursday they have entered into an e-bancassurance partnership, the first of its kind in Viet Nam. ACB will provide insurance products completely online, enabling customers to buy simple and easy-to-understand insurance products with just a few clicks. FWD Cancer Care, with annual premiums starting from VND99,000, will be the first product launched through the online platform. Tu Tien Phat, executive vice president of ACB, said: “Making a difference in customer service is ACB's mission. Besides traditional distribution networks such as transaction offices and branches, ACB is also constantly developing internet banking and mobile applications.” Huynh Huu Khang, CEO of FWD Vietnam, said: "We are absolutely thrilled to partner with ACB. The partnership between the two parties shares the same purpose of providing the right … [Read more...] about ACB, FWD form Viet Nam’s first e-bancassurance partnership
Corporate news
Vinh Phuc invests 8.2 million USD in upgrading bridges
Illustrative image (Source: http://baoxaydung.com.vn/) Vinh Phuc (VNA) – The northern province of Vinh Phuc plans to invest 190 billion VND (8.2 million USD) in upgrading old bridges and building new ones crossing 34 canals. The project is aimed at gradually completing the provincial transport system, contributing to ensuring safety for people and vehicles, according to local authorities. It is also expected to help contribute to the province’s agricultural and rural mechanisation efforts, creating better conditions for farmers to transport equipment and machinery for agricultural production. The bridges cross canals in Lap Thach, Tam Duong, Vinh Tuong and Binh Xuyen districts. Around 22 bridges which are narrow and deteriorated will be upgraded. The investment capital will be earmarked from the provincial budget. The project is expected to be completed in 2023. The province has also replaced old downgraded buses with new ones in an attempt to … [Read more...] about Vinh Phuc invests 8.2 million USD in upgrading bridges
Vietnam’s beer market sees fierce competition
Vietnam is the holy grail for global beer companies, with the market continuing to grow while many others have flatlined, but the competition is fierce (Photo: VNA) Moving cases beer at a Sabeco factory (Photo: VNA) HCM City (VNS/VNA) - Vietnam is the holy grail for global beer companies, with the market continuing to grow while many others have flatlined, but the competition is fierce. The country’s beer market, now exceeding the four-billion-litre mark, is expected to reach 4.6 billion litres by 2025 and 5.5 billion litres by 2035. It has always grown at over 5 percent even as many other markets plateaued or declined in recent years. All these mean not only foreign investors but also large domestic companies in other sectors cast covetous glances at it. Thai conglomerate TCC Group, after buying a majority stake in the Saigon Beer Alcohol and Beverage Corporation (Sabeco), is now eyeing shares in other brewers. Dutch company … [Read more...] about Vietnam’s beer market sees fierce competition
