These partnerships have allowed Validus Vietnam to provide supply chain financing to Vietnamese businesses across the agriculture, pharmaceutical and construction industries, which helps significantly boost SME lending and address the US$21 billion SME financing gap in the country. IFC, as a strong supporter of private sector development in Vietnam, will help Validus Vietnam reach out to many more businesses including SMEs through its diverse network of clients and partners in the country. This will help connect local SMEs with Validus’ supply chain financing services, enhancing Vietnam's SME ecosystem to further SME growth and financial inclusion, especially in the nation's key burgeoning industries - agriculture, manufacturing, wholesale trade and healthcare. … [Read more...] about Validus Vietnam collaborates with IFC to expand supply chain financing to SMEs in Vietnam
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Since 2008, Fintech has developed rapidly and strongly, profoundly changing business ways and models, as well as affecting the behaviour of market stakeholders, including customers, client service suppliers, supporting service companies, and related state management agencies. According to Ha Huy Tuan, Vice Chairman of the National Financial Supervisory Commission, many countries in the region and the world have specific policies to promote Fintech development to create breakthrough growth. Vietnam has great potential for Fintech development with the increasing number of Fintech companies across various fields. Delegates visit and learn about the centre and booths at the ceremony to launch the IoT Innovation Hub at the Hoa Lac High-tech Industrial Park, Hanoi, in April, 2019. (Photo: VNA) … [Read more...] about Digital transformation: The key to digital economy development
L-R: Kenny Yeo, Dr Leong Chou Ching, Steven Sim Kok Leong, K. K. Lim, Raymond TeoRecently, Frost & Sullivan held an Executive MindXchange briefing titled Cyber Wars -- The Enterprise Strikes Back at the Westin Singapore. Together with technology partners NTT Communications and NTT Security, the briefing presented the latest trends and updates on why and how organizations should and can make their workplaces cyber resilient. … [Read more...] about Cyber Wars – The Enterprise Strikes Back
In Vietnam, financial services are one of the critical elements for improving the competitiveness of supply chains. SCF that links buyers, suppliers, and financial institutions will enable suppliers and distributors to optimise their working capital management by converting their sales receivables and inventories to cash and giving them lower-cost financing. It will also allow suppliers to conduct more open-account transactions, making them more attractive to global buyers. … [Read more...] about Financial infrastructure support for post-pandemic economic recovery in Asia-Pacific
Due to its geographic proximity, lower wages, skilled labor, trade agreements, and regional connectivity, Vietnam has emerged as one of the most preferred alternatives for manufacturers. Major US firms such as Apple, Intel, Qualcomm, Universal Alloy Corporation (UAC), Nike, and Key Tronic EMS have already moved production lines to Vietnam due to costs associated with the trade war. … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?