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Vietnam, an attractive destination for fintech investors

January 14, 2019 by ven Leave a Comment

(VEN) - Vietnam offers favorable conditions for a fintech market boom. To attract investors, a legal framework is being completed for new tech companies delivering financial services (fintech) and plans are under way to train high-quality human resources for the emerging sector. Big chance In recent years, Vietnam has recorded high and stable economic growth. Nearly 100 fintech startups have launched in Vietnam, operating mainly in the field of payments. Fintech is rapidly gaining market acceptance with 26 organizations licensed by the State Bank of Vietnam to provide services. Some 16 banks have implemented QR code payments with about 30,000 points of sale, while 78 banks have deployed online payment services, and 41 banks have implemented mobile payment services. Hajime Hotta, president of the Cinnamon Artificial Intelligence Labs, said Vietnam has adopted many mechanisms and policies for startups. “We prefer to partner with startups in Vietnam rather than in other countries, … [Read more...] about Vietnam, an attractive destination for fintech investors

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Vietnam Football Team leaves for AFC Asian Cup 2019 in Qatar

December 27, 2018 by sggpnews Leave a Comment

Vietnamese players will arrive in Doha (Qatar) at 18pm (local time). Vietnam is listed in Group D with Iran, Irag and Yemen. Many fans flocked to Noi Bai International Airport (Hanoi) this morning to see Vietnamese players off: Photos were shot at Noi Bai International Airport:   BICH QUYEN -Translated by Thanh Tran Tags: Vietnam Football Team leaves for AFC Asian Cup 2019 in Qatar … [Read more...] about Vietnam Football Team leaves for AFC Asian Cup 2019 in Qatar

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Aretha Franklin’s home up for sale for $800,000

October 31, 2018 by vietnamnews Leave a Comment

An Aretha Franklin poster signed by fans is seen outside the Charles H. Wright Museum of African American History on August 29, 2018, in Detroit, Michigan. — AFP PhotoViet Nam News CHICAGO — The five-bedroom home outside Detroit where the late Aretha Franklin lived for two decades has been put up for sale for US$800,000. The Queen of Soul lived in the 4,148-square foot brick mansion from the late 1990s until she moved to a downtown Detroit condominium building during the last year of her life, according to US media reports. Franklin, who grew up singing in her father’s Detroit church and used her explosive voice to power such songs as Respect and (You Make Me Feel Like) A Natural Woman, died on August 16 of cancer after a legendary six-decade career. Her two-story home, which features a marble-floored kitchen and a sauna, is located in a gated community in Bloomfield Township. The suburb was identified by Bloomberg as the most expensive real estate market in the … [Read more...] about Aretha Franklin’s home up for sale for $800,000

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Vietnam imprisons another 15 for SEZ law protest violations

September 26, 2018 by vnexpress Leave a Comment

A court in the south central province of Binh Thuan Wednesday sentenced Pham Thanh, 31, to four years and six months in prison for disrupting public order during a protest that broke out against the Special Economic Zones (SEZ) draft law on June 11. Fourteen others also got jail terms of two to four years on similar charges. According to the indictment, on the morning of June 11, hundreds of people disrupted order under the guise of protesting the SEZ draft law. They gathered on a section of National Highway 1 in Phan Ri Thanh Commune in the province's Bac Binh District, resulting in serious traffic congestion. Nearly 300 police officers were dispatched to the area to maintain order and local authorities used loudspeakers to call on protesters to disperse. These efforts however failed as some protesters turned violent and attacked police officers with sticks, bricks, rocks and petrol bombs. After the police retreated to the Phan Ri firefighting station, Thanh and his accomplices urged … [Read more...] about Vietnam imprisons another 15 for SEZ law protest violations

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Liverpool ‘not for sale’ after £2 billion bid

August 24, 2018 by vir Leave a Comment

Liverpool owners Fenway Sports Group insisted Friday the Premier League club is not for sale after details emerged of a failed £2 billion ($2.6 billion) takeover bid from a cousin of Manchester City owner Sheikh Mansour. Liverpool owners Fenway Sports Group said the club is not for sale AFP/Paul ELLIS Liverpool owners Fenway Sports Group insisted Friday (Aug 24) the Premier League club is not for sale after details emerged of a failed £2 billion (US$2.6 billion) takeover bid from a cousin of Manchester City owner Sheikh Mansour. Britain's Daily Mail newspaper reported that Abu Dhabi-based Sheikh Khaled Bin Zayed Al Nehayan approached the club over several months in late 2017 and into early 2018. He then made the £2 billion offer that would have been the most expensive takeover in the history of the game. Liverpool - 18-times English champions - said the club was still open to new outside investment but is not for sale. Britain's Press Association said it … [Read more...] about Liverpool ‘not for sale’ after £2 billion bid

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Apartments for sale on downturn in first half of 2018

July 9, 2018 by vir Leave a Comment

The apartments for sale segment in both Hanoi and Ho Chi Minh City saw a downturn in the first half of the year. Impacted by increasing supply sources, the apartments for sale segment in both Hanoi and Ho Chi Minh City saw a downturn in the first half of this year. The Ho Chi Minh City market welcomed an additional 6,109 condominium units in the first half, a decrease of 36 per cent year-on-year. Ho Chi Minh City saw 36 per cent fewer new launches in the first half than last year The mid-end segment witnessed the biggest decrease in new launches in the second quarter, with a fall of 62 per cent quarter-on-quarter and 52 per cent year-on-year. The reason for this downturn, according to Thanh Pham, senior manager of CBRE Vietnam, was the impact of the fire at the end of March which has put a strong focus on safety in condominium projects and made the process of obtaining the relevant safety certificates more stringent. This incident also made many buyers hesitant to buy units … [Read more...] about Apartments for sale on downturn in first half of 2018

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A German opera, Vietnam style

July 7, 2018 by thesaigontimes Leave a Comment

A German opera, Vietnam styleBy Bradley Winterton Director David Hermann has spectacularly updated the story of the German operaDer Freischutz to Vietnam in modern times - PHOTO: COURTESY OF THE ORGANIZER HCMC - Der Freischutz (‘the marksman’) is a German opera dating from 1821, to be staged in the Saigon Opera House on July 28 and 29. But director David Hermann has spectacularly updated the story to Vietnam in modern times. In the original, a group of foresters engage in a shooting contest. The hero, Max, has to win this if he wants to marry the heroine, Agathe. But in Hermann’s version, set in a modern Vietnamese city, what Max has to win is a game of billiards. To enable him to do this, Max agrees to be helped by Kaspar, an unreliable character who is in league with the devil. Kaspar says he can give Max a magic billiard ball that always wins every game. Seven magic balls will be made in the spooky Wolf’s Glen, some to be used by Max and some by … [Read more...] about A German opera, Vietnam style

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New procedures for sales promotions remain complicated

July 5, 2018 by thesaigontimes Leave a Comment

New procedures for sales promotions remain complicatedBy Ngoc Lan Customers are seen buying goods at a supermarket. Businesses have complained new procedures for sales promotion programs are still complicated - PHOTO: TL HANOI – New procedures for sales promotion programs are still complicated, as seen in a number of new Government decrees drafted by the Ministry of Industry and Trade, businesses have complained. This is in contrast with the fact that the Government praised the ministry last year for simplifying and eliminating 675 procedures. In May this year, the ministry officially approved a comprehensive plan for further simplifying a host of administrative procedures and investment and business conditions within the ministry’s jurisdiction. This is the first effort toward administrative procedure simplification in 2018 and the third of its kind for the industry and trade sector. However, some new decrees have made doing business more difficult. On May 22, … [Read more...] about New procedures for sales promotions remain complicated

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HCMC sees 10,000 apartments for sale in Q2

April 20, 2018 by bizhub Leave a Comment

Mid-range apartments will remain dominant in the market. The supply of townhouses and villas shows signs of decline. — Photo batdongsan.com.vn The real estate market in HCM City will continue to grow in the second quarter of this year, with particularly strong supply of apartments as about 10,000 apartments are open for sale. The growth forecast was made by the Viet Nam Association of Property Brokerage, under Viet Nam Real Estate Association (VNREA). The market tends to develop low-cost condominiums in the surrounding districts, while apartment prices in the central areas continue to rise due to limited supply. By the end of the first quarter this year, the number of apartments for sale advertised by investors was nearly 34,000 units (of which nearly 19,370 units have not officially opened), nearly equal to the number of apartments offered for the entire year of 2017. It is expected that in the second quarter, about 10,000 apartments will be officially offered to the market. … [Read more...] about HCMC sees 10,000 apartments for sale in Q2

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Apps scan and collect Facebook user information for sale

April 14, 2018 by robert Leave a Comment

VietNamNet Bridge - Telephone numbers, emails and addresses of millions of Vietnamese Facebookers can be bought easily. An ad posted on internet “On sale: a file comprising information about 20,000 customers who have bought cars. High quality is guaranteed for car sellers and insurance agents,” says an ad posted by a member of a group of Facebookers discussing marketing.  The seller said he would only sell to the first five customers who contact him. These ads first appeared some years ago and have become more common recently. The information for sale includes names, telephone numbers, emails, residential addresses and hobbies/interests of Facebookers. Phan Van Hoi from a big media company in Hanoi said that Facebookers’ information is no longer private”. Hoi said dozens of apps have been developed to scan Facebook User IDs (UID) and get information. It costs hundreds of thousands of dong and several millions of dong a month to buy apps which he can use … [Read more...] about Apps scan and collect Facebook user information for sale

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