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Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings. The backdoor listing on Nasdaq marks the high point for the nine-year-old Singapore company that began as a ride-hailing app and now operates across 465 cities in eight countries, offering food deliveries, payments, insurance and investment products. The biggest U.S. listing by a Southeast Asian company follows Grab's April agreement to merge with U.S. tech investor Altimeter Capital Management's SPAC, Altimeter Growth Corp and raise $4.5 billion, including $750 million from Altimeter. There is scope for many players in the fragmented food delivery and financial services markets in Southeast Asia, a region of 650 million people, but the road to profitability could be a long one, analysts say. Grab's flotation "will provide a bigger …

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Online Friday 2021 to open on December 3 The Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on November 26 announced an e-commerce week and the Vietnam Online Shopping Day – Online Friday 2021. The Online Shopping Week will be held from November 27 to December 5 while the Vietnam Online Shopping Day – Online Friday 2021 is scheduled for December 3 nationwide. Vietnam will work toward incorporating its Online Shopping Day with the online shopping event in the region to catch up with trans-border e-commerce trend as well as step up cashless payment, thus laying a foundation for authorities to suggest policies in support of enterprises in promotional activities. Consumers across the country could visit the website https://onlinefriday.vn and Online Friday app to acquire information about discounts and promotion programmes by participating firms and shop at websites and apps of others. The online shopping day was started in 2014./. …

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The event is held online by the Vietnam Software and IT services (VINASA) in collaboration with several units, and is broadcast on media platforms for three days. This is an opportunity for ministries, sectors, localities and businesses to exchange ideas, and discuss and propose solutions to make Vietnam go faster on the national digital transformation journey. Deputy Minister of Information and Communications Nguyen Huy Dung said that 2021 is the first year implementing the socio-economic development plan for 2021-2025, and also the year Vietnam has to face many difficulties and challenges caused by the COVID-19 pandemic. In the current context, digital transformation has become an inevitable trend and a new driving force to promote socio-economic development, thus contributing to driving back the pandemic. At the national level, the National Committee for Digital Transformation has been established on the basis of consolidating the National Committee on E-Government, making …

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At noon on October 23, local troops and militia force promptly rushed to several communes and Cho Chua townlet in Nghia Hanh district to team with relevant forces to evacuate hundred people, their cattle and assets to safe places. Apart from patrolling, the local militia force also blocked several places to prevent people from travelling to ensure security and safety, placed warning signs, and supported thousands of vehicles on roads. Vo Duy Thanh, Head of the Military Command of Hanh Dung commune, said that before the rainy season, the command conducted studies and asked households with strong houses residing in areas with low risk of flooding to support others in need to take shelter. Thanks to earlier studies and talks, Hanh Dung commune’s Military Command and relevant forces successfully evacuated 30 households with over 100 people and their assets from low-lying areas, minimizing damages caused by the flooding. Via a phone talk on October 24, Colonel Tran Minh Quan, …

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Stone houses in Khuoi Ky village (Photo: VNA) The stone stilt houses with ancient appearance have created an ancient and legendary feature for Khuoi Ky village, Dam Thuy commune, Trung Khanh district in Cao Bang province. Visiting Cao Bang, in addition to famous destinations such as Ban Gioc Waterfall or Nguom Ngao cave, visitors cannot ignore an attractive destination located in this tourist complex, which is Khuoi Ky ancient stone village, a traditional village of the Tay people . Khuoi Ky stone village is located near the provincial road No. 206, about 2km from Ban Gioc waterfall. From afar, visitors can see stilt houses which are made entirely of stone. Lying nestled up the mountains, 14 stone houses stand out among the vast and green mountain space. In front of the village is Khuoi Ky stream with clear blue water that adds more romance to the beauty of the village, where 100% of residents are Tay people. The Tay people in Trung Khanh have a belief in stone …

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Police in Vietnam solved more than 25,000 drug-related crimes across the country from January to November, with more than 37,000 suspects arrested. The anti-narcotic police division under the Ministry of Public Security organized a press meeting in Hanoi on Wednesday to review their missions in 2021. Despite the COVID-19 pandemic, drug-related crimes in Vietnam, as well as in the region and the world, remained serious and unpredictable, as criminals have been using new methods and technologies to avoid getting caught, said Major General Nguyen Van Vien, head of the anti-drug police division. Major General Nguyen Van Vien, head of the anti-narcotic police division under the Ministry of Public Security, speaks at a press meeting on December 1, 2021. Photo: Than Hoang / Tuoi Tre Between January and November this year, officers detected over 25,000 drug-related crimes across the country, arresting over 37,000 suspects and confiscating 596 kilograms of heroin and 2.4 …

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November CPI up 0.32 percent The Consumer Price Index (CPI) in November was up by 0.32 percent compared to October, according to the General Statistics Office (GSO). It was driven by the hikes of prices of petrol and gas across the globe, as well as consumer goods and services in localities in the new normal. Among 11 groups of main commodities and services, nine experienced rising prices. In the first 11 months, the CPI went up 1.84 percent compared to the same period last year, the lowest level since 2016, attributed to the fuel price hikes by 30.32 percent year-on-year, after 20 adjustments. Housing and construction materials posted a year-on-year expansion of 6.8 percent and education grew 2.44 percent. Meanwhile, foodstuff inched down 0.52 percent and electricity prices dropped 1.06 percent against the same period last year. As COVID-19 prompted travel restrictions, air ticket prices fell 21.39 percent while travel package slipped 2.42 percent. Core inflation in …

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Vietnam among markets driving future trade growth: Standard Chartered A recent research by Standard Chartered has listed Vietnam among the 13 markets driving future trade growth, and with its enhanced integration into the global economy, the country is holding numerous advantages for bolstering export. In its research, titled “Future of Trade 2030: Trend and markets to watch”, the bank forecast Vietnam will record an average annual exports growth rate of 7 percent to earn 535 billion USD in revenue in 2030. Notably, up to 41 percent of the global firms surveyed by Standard Chartered are operating in Vietnam or planning to invest in the country in the next five to 10 years. The US and China will remain the largest export markets of Vietnam, respectively accounting for 26 percent and 19 percent of the Southeast Asian country’s total exports by 2030. Meanwhile, shipments to India are also projected to grow fast, by 11 percent annually between 2020 and 2030. With …

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Lao Bao international border gate in the central province of Quang Tri. (Photo: VNA) Hanoi - The Government has just issued Resolution 150/NQ-CP approving the ASEAN Framework Agreement on the Facilitation of Cross-border Transport of Passengers by Road Vehicles (CBTP). The agreement, which was signed on October 13, 2017 in Singapore on the occasion of the 23rd ASEAN Transport Ministers Meeting, is aimed to simplify and harmonise transport, customs, immigration and quaratine procedures and requirements for the purpose of faciliation of transport of passengers. The Government also issued Resolution 151/NQ-CP dated December 2, 2021 endorsing the ASEAN Mutual Recognition Agreement on Type Approval for Automotive Products (APMRA), which was signed by ASEAN member states (AMS) on January 16 this year in Nay Pyi Taw, Myanmar. The resolution also allows direct application of the entire content of the agreement when it takes effect for Vietnam. The APMRA aims to facilitate the flow …

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Đà Lạt has Việt Nam's largest area of dã quỳ. The Mexican sunflowers are in bloom this time of year. Photo dulichdalat.pro Thanh Hà After waking up early, Bùi Thanh Tuyền and her friends were ready just minutes later to start their flower tour in a suburb of Hà Nội. It took the friends about an hour and a half hour to reach Ba Vì District, 50km from the city centre. Here, they could admire the beautiful yellow dã quỳ (Mexican sunflower or tree marigold) fields that have become a magnet for thousands of people in the area. "I just heard about dã quỳ in the north recently. I talked with my friends and we were all excited about the tour. We did not want to miss the season of dã quỳ , which only last a few weeks in the last three months of the year," Tuyền told Việt Nam News . "They bloom in a short period, so if you guys do not hurry you will have to wait another year!" Tuyền and her friends shared that they had a great time together, taking photos to …

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