Corporate news

Bennett Neo, SABECO General Director (left), Le Hoai Anh, VFF General Secretary and Le Dac Lam, chairman of.VTVCab Sport (right) shake hands at their cooperation and sponsorship signing ceremony in Ha Noi on May 18. — Photo courtesy of VFF The Saigon Beer-Alcohol-Beverage Corporation (SABECO) has agreed a deal to sponsor the Viet Nam national football teams for one year. The sponsorship was signed between SABECO, the Viet Nam Football Federation (VFF) and VTVcab Sport Development Joint Stock Company (VTVCab Sport) in Ha Noi on Friday. As part of its sponsorship, running from June 2021 to June 2022, SABECO will be the exclusive sponsor in the beer industry of the men’s and women’s national teams, and the U22, U23 and Olympic squads for both national and international competitions. “We are proud to support the national football teams in their journey towards greater success and share their goal of bringing glory to the country,” said Bennett Neo, SABECO General Director. Over … [Read more...] about SABECO to support national football teams for one year

Sacombank launches 24/7 interbank money transfer service using VietQR code. — Photo courtesy of the bank Sacombank and the Vietnam National Payment Corporation (Napas) have launched the Napas 24/7 Quick Money Transfer Service using VietQR code, referred to as QR IBFT (VietQR is a QR code format exclusively for QR IBFT service). Using it, customers who need to make a payment or transfer money to another bank account do not need to remember and fill in their account number yet easily transfer money with a few simple steps on the Sacombank Pay app: go to quick access, select the QR code, scan the beneficiary's VietQR code, fill in the amount and explanation (if any), and hit ‘verify’ to complete the transaction. Besides, retail stores can pre-print QR codes for various amounts to make the payment process quicker and more professional. To mark the launch of the new payment service, from now until July 31, individual customers with cards or accounts at Sacombank, as well as other … [Read more...] about Sacombank launches 24/7 interbank money transfer service using VietQR code

Vietnam’s digital economy presents chances for investors, start-ups The newswire techwireasia.com on June 16 ran an article saying that Vietnam has been steadily growing its highly promising digital economy, presenting multiple opportunities for investors, startups, and businesses alike. The author wrote that in recent years, the Southeast Asian region has been seeing rapid and sustained efforts and investment into various digital economy initiatives by both the public and private sectors. Tech giants have been creating waves, most recently the Tokopedia-Gojek merger, and earlier, Grab pushing for a US listing with a valuation of over 40 billion USD. Estimates by Google, Temasek, and Bain & Co predicted that the Vietnamese sector could grow to 52 billion USD by 2025, which comes up to about a sixth of the massive 300 billion USD regional digital economy pie. According to the article, backed by a stable political climate, progressive economic policies, and … [Read more...] about VIETNAM BUSINESS NEWS JUNE 18

First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s … [Read more...] about VIETNAM BUSINESS NEWS JUNE 19

Gojek offers free rides to and from COVID vaccination centres for a week. — Photo courtesy of Gojek Ride hailing app Gojek said it would provide all its customers in HCM City with two ride vouchers worth VND40,000 each (US$1.7) for booking motorbike rides to and from COVID-19 vaccination centres. The pair of vouchers will automatically be added to every user’s Gojek account on June 19 and be available for use until June 25 in line with city government’s vaccination schedule. New users who download the Gojek app and sign up between June 19 and 25 will also receive the vouchers in their accounts. Phung Tuan Duc, general manager of Gojek Vietnam, said: “Vaccination is an important layer of protection in our fight against COVID-19. We appreciate the efforts of the HCM City government in making vaccines available to its citizens, and want to do our part to support the effort by enabling our users to get to their vaccination appointments with ease and remove any transportation … [Read more...] about Free rides to COVID vaccination centres: Gojek’s week-long offer