Earthly father knows how to give good gifts

A KMS office in the US. — Photo courtesy of KMS Technology KMS Solutions, a subsidiary of US engineering and software services company KMS Technology, has launched an electronic know-your-customer (eKYC) platform targeting Southeast Asia’s banking sector. It automates the verification, identification and extraction of data from images and documents. Le Huu Tan Tai, digital banking solution director at KMS Solutions, said: “Banking needs to stand at the forefront of digital transformation as it directly impacts the economy at large. However, Southeast Asia, and Viet Nam in particular, still faces certain challenges when undertaking digital banking. “Thanks to our experience in implementing digital banking for established banks across the world, KMS is well-positioned to support banks in the region with accelerating their digital transformation faster, more effectively and more securely.” eKYC allows banks to reduce the time needed to verify customer’s information, which … [Read more...] about KMS launches electronic know-your-customer platform for Southeast Asian banks

Clip expresses gratitude toward doctors in COVID-19 fight A video clip comprising a series of paintings by children on doctors, who are called intimately as white blouse warriors during the COVID-19 fight, has been published recently by the Ministry of Health. The paintings by child artists are part of a campaign initiated by the Vietnamese Ministry of Health and United Nations Children's Fund (UNICEF). They depict doctors as white-blouse soldiers who have relentlessly fought against the pandemic, through which children’s gratitude toward health workers is expressed. The video also conveys a message of solidarity in the fight against COVID-19./. 110 foreign experts to be isolated for COVID-19 combat The administration of Quang Ngai province, central Vietnam, has outlined plans to put a total of 110 foreign experts into isolation in concentrated places in an effort to prevent the potential spread of the novel coronavirus (COVID-19) pandemic. The foreign experts are … [Read more...] about VIETNAM NEWS HEADLINES MARCH 3

Vo Van Hoan, Vice Chairman of the city People’s Committee, said in the first two months, on average the city collected 2.9 trillion VND each day, which was higher than the average daily revenue. In January, the city collected 40 trillion VND, up 2.9 percent year-on-year, he added. To date it has collected 74,500 billion VND, accounting for more than 20 percent of the year’s target, up 10.5 percent year-on-year. The Tax Department aims to collect at least 25 percent of the yearly budget revenue target in the first quarter. The city’s retail sales of goods and services increased by 4.7 percent, while industrial production went up 6 percent in the first two months. The city’s exports reached 8 billion USD, a rise of 25 percent year-on-year (three major exports with increased revenues are fertilisers, plastic materials and auto spare parts). More than 3,800 enterprises resumed operation in the first two months (up 3 percent year-on-year). Some 700 enterprises completed … [Read more...] about HCM City to meet yearly budget revenue targets

The survey notes that the global economy contracted by around 4.5 percent in 2020, the biggest fall in global activity in several decades. Having recovered from lockdown-imposed weakness in the first half of the year, many economies again faced weakness as a second wave of COVID infections triggered renewed lockdowns. The survey envisions a steady recovery this year, but continued uncertainty limits the bounce in consumer and busines confidence, with pre-crisis output not being reached until mid-2022. The survey also indicates that the Global orders, employment and capital investment indices recorded a further modest improvement, but still point to activity well below the pre-crisis level in the fourth quarter of 2019. The “fear” indices which means the concern about customers and suppliers going out of business, edged lower in the fourth quarter (Q4) of 2020 but remain elevated, clearly underlining the extreme uncertainty in the global economic outlook at the start of 2021. At the … [Read more...] about Global economy: Fragile confidence in early 2021

The results of 2020 business and 2021 outlook support the rise of bank stocks Ending the last session of February, the VN-Index stood at 1,168.47 points, corresponding to an increase of 111.86 points (10.59 per cent) compared to the previous month. The HNX-Index increased by 35.01 points (16.3 per cent) to 249.22 points. The UPCoM-Index also increased 4.56 points (6.33 per cent) to 76.64 points. Large-cap stocks recovered well in February as only the NVL ticker of Novaland decreased by 0.7 per cent. Meanwhile, as many as 14 other stocks in this group increased by over 15 per cent. The shares of VPBank (VPB), rose the most among the top 30 by market capitalisation with over 33 per cent. Following that, Thaiholdings (THD) also increased by 26 per cent and was a key factor helping the HNX-Index continue to break out recently. February was also a good month for banking stocks as, besides VPB, the stocks of Vietnam International Commercial Joint Stock Bank (VIB), Asia Bank (ACB), … [Read more...] about Bank stocks rising on back of bright prospects