Matthews asia pacific tiger

The country has seen a soar in investment this year (Photo: soha.vn) Hanoi (VNA) - Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia. The country has seen a soar in investment this year compared to 0.4 percent last year, according to the Fintech in ASEAN report released by the United Overseas Bank (UOB). Singapore took the leading position with 51 percent, down from 53 percent last year. Indonesia stepped down one place to third with 12 percent, compared to 37 percent last year. Thailand, Malaysia and the Philippines accounted for less than 2 percent of Southeast Asia's total fintech investment, down sharply from about 10 percent last year. In Vietnam, the leading field attracting venture capital in fintech companies was payment. VNPay, a Vietnamese e-payment solutions provider, took the lead in the report with total capital revealed to be 300 million USD this year. Singaporean insurance company … [Read more...] about Vietnam ranks second in fintech investment in Southeast Asia

This is one of the goals set for the province under the Politburo’s Resolution No.54-NQ/TTW on the building and development of Thua Thien-Hue till 2030 with a vision to 2045. The province is also set to become one of the country’s hubs in the fields of science, technology, multidisciplinary education and training, national defence-security. Thua Thien-Hue is envisioned to become a festival city of Asia by 2045. The central province of Thua Thien-Hue During the 2021 -2025 period, Thua Thien-Hue should work to earn the status of a centrally-run city and complete the expansion of Hue city before 2022 as planned. The province should strive for an annual growth of 7.5-8.5 percent in gross regional domestic product while the total social investment capital will increase by 12 percent each year. By 2025, the rate of poor households will be reduced to 2-2.2 percent, forest coverage will reach 56 – 57 percent, the rate of trained workers in the workforce at … [Read more...] about Thua Thien-Hue aims to become a cultural, tourism centre of Asia by 2020

At the meeting between NA Chairwoman Nguyen Thi Kim Ngan and Belarusian Prime Minister Sergey Nikolayevich Rumas. National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan met with Belarusian Prime Minister Sergey Nikolayevich Rumas on December 13 as part of her ongoing official visit to the European country. During the meeting, the top Vietnamese legislator extended the best regards and invitation from Prime Minister Nguyen Xuan Phuc to the Belarusian PM to make an official visit to Vietnam in the near future. She told her host that Vietnam always places great importance to time-honoured friendship and all-around cooperation with Belarus. She thanked Belarusian people for their valuable support for Vietnam in the past national liberation and reunification, as well as the current construction and development. The two nations should further cooperate in such potential fields as farm produce processing, agricultural machines, and automobile assembly and production, assuring … [Read more...] about Vietnam regarded as strategic partner of Belarus in Southeast Asia

Anwar bin Sholeh had something to cheer when he showed up at a Jakarta training centre to practice pencak silat -- the Indonesian martial art was added to UNESCO's prestigious heritage list. "It's an honour that pencak silat has been recognised internationally," the 38-year-old, who has been practising the art since elementary school, told AFP. "This will motivate us to preserve our traditions and culture," he added. Dating back to as early as the 6th Century, one legend has it that the ancient martial art -- which blends self-defense and artistic elements -- originated after a woman watched a tiger do battle with a giant hawk, and copied their techniques to fight off a pestering group of drunken men. The term pencak silat describes hundreds of indigenous combat styles in Southeast Asia, with fighters wielding a terrifying array of weapons such as knives, sickles and machetes. It has gained greater awareness outside Indonesia after being featured in Star Wars and John … [Read more...] about Indonesian martial art pencak silat gets UNESCO heritage status

An export shrimp processing line in Vietnam (Photo: VNA) Hanoi (VNA) – Vietnamese agro-forestry-fishery products are now available in 180 countries and territories thanks to Vietnam’s increasing global economic integration and implementation of free trade agreements. Economic integration has helped Vietnamese agri-products overcome tariff barriers, especially staples such as rice and aquatic and wood products. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created excellent opportunities for Vietnamese agri-products to join global supply chains, according to deputy head of the Agro Processing Market Development Authority (AgroTrade) Tran Van Cong. It also creates a driver as well as pressure on domestic businesses to increase exports of processed products with high added values, he added. According to Nguyen Ton Quyen, Vice Chairman of the Vietnam Timber and Forest Product Association, other members of the CPTPP are potential … [Read more...] about Global economic integration helps Vietnam expand agri-products markets