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The Japan International Co-operation Agency (JICA) at a press conference reviewing the agency’s work in Việt Nam in the first half of the 2021 fiscal year. — VNA/VNS Photo HÀ NỘI — The Japan International Co-operation Agency (JICA) will continue its efforts to support Việt Nam's socio-economic development, JICA Chief Representative in Việt Nam, Shimizu Akira, said on Thursday. Speaking at a press conference reviewing the agency’s work in Việt Nam in the first half of the fiscal year 2021 (from April 1, 2020, to September 30, 2021), Shimizu said that JICA has focused on technical and financial cooperation and consolidating friendship between Việt Nam and Japan. He said that he highly appreciated efforts made by Việt Nam during the fight against the COVID-19 pandemic, especially during the most recent wave since late April. “Japan has been supporting Việt Nam to overcome this difficult time,” he said, adding that Japan has given Việt Nam more than four million doses of …

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In a year marked by transitions to work from home and other pandemic-related challenges, Sparx* - A Virtuos Studio has been named as a recipient of HR Asia's Best Companies to Work for in Asia (Vietnam Edition) 2021 Awards alongside 114 other prestigious organisations in Vietnam. Established in 1995, Sparx* was one of the first 3D art and animation studios in Vietnam. Since joining Virtuos – one of the world’s largest game developers – in 2011, the studio has grown significantly, and is now a provider of end-to-end solutions in animation, cinematics, and game art to some of the biggest names in the industry, and was credited in major cinematic universes such as Star Wars, Marvel, Transformers, or games like League of Legends, and Call of Duty: Black Ops Cold War. Sparx* is currently one of the largest game and animation studios in Vietnam The Sparx* team embraces trust, positivity, and excellence as the keys to success. By working collaboratively towards a common …

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Developing electric vehicles is a "golden opportunity" that comes once every hundred years and a chance for Vietnam to rewrite the development scenario for the auto industry. VinFast has developed 10,000 charging columns nationwide, and plans to invest in another 30,000 charging columns in the near future. An electric car model VF e34 has been officially introduced by VinFast. The VF e34 measures 4,300 mm long, 1,793 mm wide and 1,613 mm tall with a wheelbase of 2,611 mm and 180 mm of ground clearance, which places it in the ballpark of the B-segment SUV in terms of physical size, and weight of 1,490 kg. A single electric motor is rated for output of 147 hp and 242 Nm of torque, driving the front wheels. This is fed by a lithium-ion battery pack – earlier noted to have a capacity of 42 kWh – offering the VF e34 a range of 300 km on a full charge, and a claimed 180 km of range from 15 minutes of charging. Equipment as listed in a Vietnamese brochure indicates …

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Funding is empowering SMEs amid difficult access to bank loans. The Japan International Cooperation Agency (JICA) on October 20 signed a US$75 million loan agreement with Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) to fund micro, small and medium-sized enterprises (MSMEs). Toyama Tatsuya, General Director of Sumitomo Mitsui Banking Corporation (SMBC) Vietnam (1 st left), Chief Representative of the JICA Vietnam Office Shimizu Akira, and Vo Hang Phuong, Head of Financial Institutions and Transaction Banking, VP Bank, at the signing ceremony on Oct 20. Through the Private Sector Investment and Finance (PSIF), the loan is in line with the “Initiative on Overseas Loan and Investment for ASEAN” announced by the Government of Japan in 2019 and is implemented by utilizing the “Facility for Accelerating Financial Inclusion in Asia: FAIA.” The loan is co-financed with the Sumitomo Mitsui Banking Corporation (SMBC) and is JICA’s first PSIF project in …

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JICA and VPBank have agreed to US$75 million to promote financial access for women-led small and medium-sized enterprises. — VNA/VNS Photo HÀ NỘI — To promote better financial access among female-led small and medium-sized enterprises, a US$75 million loan fund has been agreed upon. The Japan International Cooperation Agency (JICA) and the Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) signed the deal on Thursday to promote financial inclusiveness. The loan is part of a drive on overseas loans and investments with ASEAN members, announced by the Government of Japan in 2019, entitled “Facility for Accelerating Finance Inclusion in Asia:FAIA”. Small and medium enterprises (SMEs) account for 98.7 per cent of the total number of enterprises in Việt Nam, 45 per cent of the country's gross domestic product and attract 63 per cent of employment. However, their access to finance is limited. This access to finance is a particularly big hindrance for women-led SMEs. In …

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World Luxury Hotel Awards 2021 honours 5 high-class hotels and resorts of Sun Group “Vaccine passport” – both citizens and businesses are waiting impatiently "Western City" in the heart of the capital – regarded as the coordinates of the international community Special factors at two high-end resorts of Sun Group named in the Top 25 Leading Asian Resorts Despite Covid hurdles, businesses strive to sustain production, supply of essential goods HCM CITY – CapitaLand Group has retained its top position as the ‘Global, Regional and Asia Sector Leader’ in the 2021 Global Real Estate Sustainability Benchmark rankings for its exceptional Environment, Social and Governance management and performance. It retained the highest rating of five stars and is the only real estate company in Singapore to be named ‘Global Sector Leader’ in the ‘Diversified – Listed’ category four times. In January 2021, ART became the first hospitality trust in Singapore to secure a …

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In the midst of a stressful time of the epidemic, the Ministry of Planning and Investment is developing a program to recover the economy after the pandemic. According to Minister Nguyen Chi Dung, Covid-19 has disrupted production and business activities of enterprises around the world and seriously affected the Vietnamese economy. Along with that, the epidemic has disrupted many supply chains in the world and Vietnam. However, when the economy recovers from the pandemic, demand will also increase. Vietnam needs to take advantage of this opportunity to bring businesses into the supply chain. Growth and opportunity The Ministry of Planning and Investment and the United Nations Development Program (UNDP) in Vietnam researched and re-evaluated the impact of the Covid-19 epidemic on the supply chain of 10 industries in Vietnam. They selected three priority industries for in-depth research: agriculture, food processing and automobiles. These are the three industries …

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Gojek will support Vietnam's cashless transformation Users now have the option of using Visa, Mastercard, and JCB credit or debit cards to pay for transport and online food delivery services on the Gojek app. The launch is part of Gojek’s response to user feedback requesting more payment options on the app, especially with the rising shift to contactless and digital payments during the COVID-19 pandemic. This is also in line with the Vietnamese government’s efforts to move towards a cashless society. Duc Phung, general manager of Gojek Vietnam said, “Cashless payments is one of the most important launches for Gojek Vietnam this year. Our users have expressed their desire for digital payment options, especially with the COVID-19 pandemic accelerating the shift to cashless. We are pleased to now offer users an option that makes paying for our services faster and easier – all while ensuring their safety. Looking ahead, we will continue to expand our digital payment options, …

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The government expects to approve the application of the International Financial Reporting Standards (IFRS) by 2020 to perfect the legal framework on accounting and increase the transparency of financial information. Vu Duc Chinh, Director of the Accounting and Auditing Policies Department (AAPD) under the Ministry of Finance (MoF), said at a recent workshop themed: “Experience in applying IFRS in some countries and roadmap for adoption in Vietnam”, which was co-organized by the Japan International Cooperation Agency (JICA) in collaboration with MoF. Vietnam will replace the current Vietnamese accounting standards by 2020 The event was aimed to share experiences on the application of IFRS standards in countries such as Japan, South Korea, the US, Malaysia and China to get recommendations on the draft project on application of IFRS in Vietnam. According to Chinh, Vietnam is expected to adopt IFRS, replacing the current Vietnamese accounting standards (VAS), …

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Industrial facilities in Hanoi have been at risk of causing environmental pollution which have a detrimental effect on people’s health and hinders urban development. Architectural experts believe that old industrial buildings could provide the ideal location to create cultural spaces, giving dilapidated properties a new lease of life. The idea was discussed during an online webinar held in Hanoi on October 21 by architects from Vietnam and Europe alongside building owners and property managers. They hope to share knowledge on the best solutions to turn run-down buildings into cultural spaces the city can be proud of. Factory of Sao Vang Rubber Company in Hanoi's inner district of Thanh Xuan. Photo: Pham Thang The webinar, themed "Current status of industrial facilities spaces in Hanoi and international experiences of industrial heritage", was supported by the association of European Cultural Institutes and Embassies (EUNIC). EUNIC representative Thierry …

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