Privately owned fighter jets

Prudential Vietnam and Vietnam Maritime Commercial Joint Stock Bank have renewed their strategic bancassurance partnership (Photo courtesy of Prudential Vietnam) HCM City (VNS/VNA) - Prudential Vietnam Assurance Private Limited , a subsidiary of Prudential Plc , and Vietnam Maritime Commercial Joint Stock Bank have renewed their strategic bancassurance partnership for another 15 years. The new agreement significantly expands the geographical scope to include the north, where MSB is headquartered, and make Prudential the lender’s only partner. They have been collaborating since 2013 and built a highly successful bancassurance partnership which delivered a 34 percent compounded annual growth rate in annual premium equivalent between 2014 and 2020. Under the renewed partnership, the two sides will also expand into new segments, including digital, to deliver holistic protection solutions to customers. With a digital-focused approach that is aligned with MSB and … [Read more...] about Prudential, Maritime Bank extend bancassurance partnership for 15 years

The deal will serve as a beachhead for Tenaga in the Vietnamese solar market In a filing to Bursa Malaysia today, TNB said this acquisition extends TNB’s collaboration with Sunseap, beyond the Malaysia and Singapore cross-border partnership, to capture the rapid growth in the Vietnamese renewable energy market, as reported by The Malaysian Reserve . The acquired project has secured the Feed-in Tariff (FiT) 2 rates in Vietnam. Having achieved commercial operation date in December 2020, all five plants are under 20-year Power Purchase Agreements (PPAs) with EVN to supply clean energy to the national grid. Sunseap currently holds a 90 per cent stake in the projects, which will be reduced to 51 per cent upon completion of the 39 per cent stake acquisition by TNB Renewables slated for the first quarter of this year. Sun Times Energy JSC, an existing shareholder of the project, will continue to own 10 per cent equity interest in the project, according to TNB. “This acquisition … [Read more...] about Malaysia’s Tenaga makes foray into Vietnamese solar market

The enforced rest due to the COVID-19 pandemic may have been a boon for the country's two best-supported teams Hanoi FC and Hoang Anh Gia Lai ahead of the mid-March restart. Hanoi FC midfielder Nguyen Quang Hai (centre) and teammates are working hard for the return of the V.League 1 tournament after a three-week rest due to COVID-19. Photo hanoi-fc.com.vn Hanoi are rooted to the bottom of the table with two losses in two matches, a shock for the five-time champions. “We did not have a good start with two defeats. We will have to prepare carefully for every coming match and play well because of the tough format of the tournament,” said coach Chu Dinh Nghiem. “Our target is the top six first, then we could vie for the title in the second period,” he said. After the Tet (Lunar New Year) holiday, Nghiem and his players all tested negative for the coronavirus and returned to training. They have also welcomed the return of key defenders Tran Dinh Trong and Do Duy Manh … [Read more...] about Struggling giants Hanoi FC hope COVID-19 break gives them a lift

A corner of Bac Giang city (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang is improving a master plan on the development of industrial parks (IPs) and complexes, as well as land use planning, according it its provincial Party Committee. The province is also refining a master plan on urban areas for the 2021-2030 period to attract investment. It built a project on supporting start-ups in the locality, towards strongly developing private economy, and issued a list of projects in need of investment in the fields of agriculture and rural development. The locality considered building mechanisms to support investment in hotel construction projects and hi-end services. In particular, Bac Giang will step up administrative reform , improve the provincial competitiveness index, pool resources to build key socio-economic infrastructure while enhancing the quality of human resources and State management on projects. The province will actively assist … [Read more...] about Bac Giang betters master plan on IPs development