Companies

A customer using the IZIon24 app, the very first pocket insurance app in Viet Nam. — Photo courtesy of IZlon24 Ideal Life Consultancy Joint Stock Company has recently launched an insurtech product, IZIon24, the very first pocket insurance app in Viet Nam. Through a one-stop solution, IZIon24 app enables users to satisfy all their demands, from product selection, providing information, making payments, managing contracts, and claiming compensation. Using the app, users can easily seek information and comprehend the purpose and benefits of each insurance product. The IZIon24 app also allows users to compare product packages with an intuitive interface, thereby easily finding the right insurance product for their needs and their loved ones without having to consult multiple sources. Nguyen Thanh Duy, director of Ideal Life Consultancy JSC, said: “IZIon24 was created with the intention of serving as a bridge to bring suitable insurance products closer to customers, and leverage … [Read more...] about First pocket insurance app in Viet Nam launched

ThaiBev plans to invest up to 8 billion baht ($223 million) in 2023. About 30% of that amount will be allocated to non-beer businesses, and the rest will go into areas like logistics and research and development on health products. The company plans to increase the number of restaurants it runs in Thailand by about 10%, opening 70 new ones by the end of next year. Thirty-five of the new restaurants are expected to be KFC stores. The company is studying the new business and plans to install two charging stations at KFC outlets in Thailand this year, the report says. ThaiBev currently operates the KFC fast food chain in the Southeast Asian kingdom. Electric-vehicle charging facilities is another field the company is exploring. Charging stations will be introduced on a trial basis at two KFC stores this year. If successful, ThaiBev plans full-scale deployment starting next year at existing stores as well as larger commercial centers. In Vietnam, ThaiBev bought Sabeco in 2017 for … [Read more...] about Beverage giant ThaiBev expands to charging stations, restaurants

The release of the leading gastronomy book is expected to boost tourism and hospitality in Hanoi and HCM City. For the first time in the Guide's history, the MICHELIN inspectors will evaluate quality restaurants in Vietnam's two largest cities. A delicious specialty of Hanoi is the Bun thang (vermicelli noodles with assorted toppings). Photo: Luk Lak Vietnamese Restaurant According to MICHELIN Guide International Director Gwendal Poullennec, the Guide has been looking at Vietnam’s gastronomic scene for quite a long time. He emphasized: “With a fascinating food heritage and history, distinctive and unique flavors, iconic recipes and well-known delicacies, Vietnamese cuisine has carved its way to popularity around the world." "Supported by locals where eating out has always been a true way of life, as well as by talented restaurateurs, Hanoi and Ho Chi Minh City are two gourmet gems that deserve to be fully celebrated. We can’t wait to present our … [Read more...] about MICHELIN Guide to feature Vietnam gastronomy for 1st time

The 1% increase of over VND100 trillion ($4.1 billion) should be implemented in December and January, according to the association. HoREA chairman Le Hoang Chau told VnExpress that the quota increase would be necessary to help pump capital into the real estate market and other key sectors. With Tet -- the lunar new year festival and Vietnam’s largest holiday -- approaching at the end of January, an urgent decision is needed to help bolster sales, he added. Chau said that property developers, homebuyers and investors are in trouble because they don’t have enough access to credit . Many companies do not have enough cash to maintain operations and without timely action the market could plumet into crisis, he said. He warned that the consequences of such a crisis could lead to a full-blown economic recession. The capital booster will help homebuyers purchase property at reasonable interest rates, he added. … [Read more...] about Real estate association wants $4B credit quota hike

The award bagged by KONE Vietnam, the local entity of Finland-based world’s leading enterprise in the elevator and escalator industry, recognising the company's efforts towards being a trusted partner for developing smart and sustainable cities. Representative of KONE Vietnam receiving the Smart City Award 2022 Its KONE DX class elevator has been featured in “Solution for smart building / apartment” category and KONE is the first and only FDI company named for this award. With the goal of optimising the project's functions, investors are increasingly interested in installing high-quality, smart elevators. In Vietnam, KONE is one of the leading elevator suppliers, prominent with premier projects such as InterContinental Grand Ho Tram, Le Meridien Saigon, JW Marriott Hanoi, InterContinental Nha Trang, Pullman Phu Quoc, Masteri Centre Point, Lotte Mall Hanoi, WINK Hotels, GO! supermarket chains, among others. The "Smart City Award 2022” is a worthy recognition for … [Read more...] about KONE Vietnam shines at Smart City Award 2022

The dinner was by SME Magazine Asia in Ho Chi Minh City on December 1, aiming to honour the achievements and efforts of small and medium enterprises (SMEs). The winners were carefully selected from a solid business community of SMEs in Malaysia, Singapore, Indonesia, and Vietnam. The “SME100® Fast Moving Companies Awards” is a prestigious regional, which honours the fastest growing, most successful, and prestigious SMEs. Award winners pose at the SME100 2022 Ceremony & Gala Dinner Businesses candidates running for the SME100 award are required to participate in many stages of evaluation, based on international standards, including qualitative and quantitative assessment; mandatory interview with council representatives about the company’s development in terms of revenue, profit, market share, operational ability and innovation to adapt to the current market. To be eligible for an SME100 award, a company needs to fulfill the following criteria: - A home-grown, … [Read more...] about D.lion Media & Solutions honoured at SME100 2022 Ceremony

Making net zero targets a reality would require practical solutions toward massive cuts in GHG emissions, especially in industries with high emission. In its latest report, Dream Incubator (DI) shows the causes of emission and possible directions for emission mitigation in top-emitting industries in Vietnam. For Vietnam, electricity generation, rice cultivation, and road transportation should be tackled as the top emitters with alarmingly elevated growth rates. Electricity generation has largely been known as the No.1 contributor to GHG emission in Vietnam, with coal being the most common cause. To mitigate emissions from coal-fired power plants, one solution is to encourage more renewable sources, most notably wind and solar. However, renewable energy developers are now struggling with the expiry of feed-in tariffs (FiT) scheme. Even though it is not yet official, Vietnam seems to be moving towards an auction scheme based on recent comments from government officials. To … [Read more...] about Innovating towards net zero: energy, rice, and transportation in Vietnam

Joint venture between Vinamilk and Kido disbanded Vietnam Dairy Products JSC (Vinamilk) and Kido Group JSC have just announced the suspension and dissolution of the joint venture Vibev . Vinamilk said the Vinamilk – Kido Beverage Joint Venture Company (Vibev) was terminated because of certain changes in the development perspective of both parties. Kido's side added that unpredictable changes in the domestic market and global economy were also a factor. Vibev registered its establishment in March 2021 and started out with an investment of $17.4 million. Vinamilk contributed $8.9 million as the controlling power, while Kido gave $8.5 million. Mai Kieu Lien, CEO of Vinamilk , said then that the collaboration stemmed from the two companies seizing mutually beneficial opportunities. Both had the capacity in manufacturing plants, product research and development, business administration and management, and strong financial resources, so they would bring common areas into the … [Read more...] about Vinamilk and Kido joint venture disbanded

Japanese businesses operating in HCM City have complained about the operation of unlicensed taxis at Tan Son Nhat Airport. The complaints were made at a recent meeting co-held by the HCM City Investment and Trade Promotion Centre (ITPC) and the Japanese Chamber of Commerce and Industry in Vietnam (JCCI). Representative from the Japanese Chamber of Commerce and Industry in Vietnam at the meeting. Attending the meeting, a JCCI representative said that unlicensed taxis are causing some problems at Tan Son Nhat Airport including high fares and robberies. "Statistics from the Japanese Consulate in HCM City showed that there have been 12 cases so far this year including five cases in October alone," the representative said. "To better ensure safety and fairness for local people and visitors, including foreign visitors, we propose that HCM City authorities more strictly punish violating drivers," he said. "Taxis should be asked to introduce their name … [Read more...] about Japanese firms denounce unlicensed HCM City airport taxis

At the Government's regular press conference (Photo: VNA) Hanoi (VNA) – The Ministry of Finance has sent documents to bond issuers, asking them to utilise resources to fulfill their commitments to investors, said Deputy Minister Nguyen Duc Chi on solutions to difficulties in the corporate bond market at the Government's regular press conference in Hanoi on December 1. The market has seen a contraction since only about 331 trillion VND (13.5 billion USD) worth of bonds had been issued as of November 25, down more than 31.6% year-on-year, the official pointed out. Issuers’ ahead-of-schedule bond buyback also reflects negativity in the market, with some 161 trillion VND repurchased as of November 25, exceeding last year’s amount by 14%. Violations by some issuers and commercial banks have eroded the confidence in the market, and inaccurate rumours also adversely impacted the market, he said, noting that issuers are facing problems in liquidity, capital and credit. To … [Read more...] about Businesses urged to utilise resources to fulfill bond commitments