How to apply for bright futures

Waiting for a taxi at TSN Airport on August 8 (Photo: SGGP) The Southern Airports Authority reported that the planned capacity of TSN International Airport is at 30 million passengers a year, but the airport in reality has served nearly double that figure. Particularly during this summer, TSN Airport each day accommodates 730 flights with 120,000 passengers on average. This high quantity has resulted in trouble of vehicle parking or pick-up and drop-off. Compared to the planned space for 6,000 motorcycles and 700 taxis, now the airport is welcoming 6,600 motorcycles and 4,500 automobiles in and out per day. Moreover, Truong Son Street is the only route to enter or exit the airport, not to mention it being the shortcut from Binh Thanh District, Go Vap District, and Thu Duc City to the downtown. Deputy Director of the HCMC Transport Department Phan Cong Bang added that surrounding roads were not built in accordance with planning, also leading to more pressure on Truong Son Street. … [Read more...] about More comprehensive solutions needed to retrieve traffic order in TSN Airport

As BNPL allows consumers to spread the cost over multiple instalments and attracts those who cannot, or would not, purchase goods or services by paying the price in full, these conditions create the ideal opportunity for BNPL service providers. Bui Ngoc Hong-Partner, LNT & Partners Despite the opportunity, the BNPL landscape in Vietnam remains slow-moving. This is partly due to the fact that Vietnam does not have a clear legal framework regulating the method. Even the sandbox scheme for fintech activities still remains in the legislative pipeline. In addition, even if a BNPL platform owner cooperates with traditional bank lenders, the parties need to deal with a significant gap between the strict regulatory web the traditional lenders are subject to, and the fintech providers’ need to “move fast and break things”. For those reasons, BNPL ventures find it hard to enter the Vietnamese market, unless they are equipped with suitable investment structures. In BNPL … [Read more...] about Clearing the way to legal support for BNPL services

According to an update on Global M&A Industry Trend conducted by PwC, pharmaceuticals, life sciences, and healthcare services continue to attract high levels of investor interest, and this trend will continue through the rest of the year. Ngo Thanh Hai and Nguyen Dieu Quynh from LNT & Partners There are three main reasons that M&As in pharmaceuticals could still be the future trend in Vietnam. Firstly, in the face of growing demand and rapid technological innovation, pharmaceutical companies must continuously improve and develop their research and development departments before their patents expire. Therefore, they will be ambitious to acquire smaller companies with existing conditions. Secondly, to expand the business in Vietnam, the investors will need to consider opening a manufacturing plant or acquiring a current plant from domestic companies. Under World Trade Organization commitments, foreign investors can import but cannot distribute drugs to the … [Read more...] about Are M&As still a top trend in the pharma market?