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A solar power project invested by Nami Solar in Bau Bang Industrial Park, Binh Duong The two partners entered a joint development agreement in December, forming a venture producing 250MWp of rooftop solar installations, with a total investment of around $200 million over the next few years. The partnership will serve as a platform to further support SK ecoplant's aspirations of becoming a major global investor in renewable energy. The joint venture will help Nami Solar move one major step closer to its vision of becoming a leading distributed solar company in Vietnam. The Vietnamese and South Korean governments have placed climate change action plans and green growth high on their respective agendas. In October, South Korea committed to slashing its emissions to 40 per cent of their 2018 level by 2030. Vietnam has reiterated its commitment to reach net zero by 2050. In July, SK Group revealed its net zero roadmap, aiming to reduce its carbon emissions by half within a … [Read more...] about SK ecoplant and Nami Solar launch joint venture to invest in Vietnam’s distributed solar sector

Photo shows Vincom Centre Tran Duy Hung in Ha Noi. The shopping mall operator Vincom Retail shares (VRE) soared 7 per cent on Tuesday. — VNA/VNS Photo Vietnamese shares on Tuesday reclaimed ground lost in the previous day's sharp sell-off as large-caps were picked up by bargain-hunters. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 2.77 per cent to close at 1,479.58 points. The index had lost 2.25 per cent, to close Monday at 1,439.71 points. The market's breadth was positive with the number of gainers doubled the number of losers by 304 to 105. On HoSE, investors poured over VND22.2 trillion (US$980 million) into the market, equivalent to a trading volume of nearly 751 million shares. The VN30-Index, tracking the 30 biggest stocks on HoSE, gained 3.05 per cent, to 1,516.16 points. Of the VN30 basket, 28 stocks rose to cushion the market, while one declined and another closed flat. The rally continued on the Vietnamese stock market as purchase power … [Read more...] about Shares reclaim losses on bargain-hunting

SmartPay has just supported around $8.7 million for Vietnamese small- and medium-sized businesses (SMEs), while other e-wallets focused on incentives to end-users. Why did SmartPay favour this group of customers? Marek Forysiak, chairman of SmartPay Since its establishment, SmartPay has chosen a different mission and direction to accompany the prosperous development of millions of Vietnamese small businesses. Until now, SmartPay is still the first and only payment platform to invest in and support retail merchants who are being neglected in the process of digitalisation. Retailers now account for nearly 30 per cent of SmartPay’s frequent customer base – that is nearly 600,000 retailers of around two million users – more than other e-wallets. Offering interest-free credit lines through an e-wallet platform is also associated with SmartPay’s distinct competitive advantage in the vibrant digital payment market. During the process, SmartPay continuously surveys and … [Read more...] about Creating distinct and vibrant digital payment alternatives

Technology M&A to retain booming growth in 2022 Nguyen Cong Ai, partner at consulting firm KPMG Vietnam, said that the country has the potential to grow into an up-and-coming startup centre in Southeast Asia, buoyed by favourable macroeconomy, a burgeoning middle-class with ever-increasing income, and abundant tech-savvy human resources, as well as the government’s supportive policy. “Foreign investors are showing particular interest in Vietnam’s tech field. Lately, we are receiving growing proposals from South Korean and Japanese investors towards Vietnam’s internet economy, fintech, edutech, and media,” he said. KPMG forecasts that investment into tech would shoot up 150 per cent in 2022, hitting $2 billion. Nguyen Thanh Tuyen, deputy head of the Information Technology Department under the Ministry of Information and Communications, said that many sizable deals took place in the M&A scene during 2019-2021. For instance, VNPay received $300 million from SoftBank … [Read more...] about Technology M&A to retain booming growth in 2022

Hanoi, a bustling commercial and cultural hub, ensures social welfare for local people in special occasions like Tet holiday. Hanoi’s health sector is tasked with taking care of residents in the upcoming Tet holiday (the Lunar New Year) amid the rising number of Covid-19 infections. Deputy Chairman of the Hanoi People’s Committee Chu Xuan Dung at the meeting on Jan 25. Photos: Minh An/ Kinh Te Do Thi Health workers will be available around the clock during the 9-day holiday, which will fall in early February, according to a meeting chaired by Deputy Chairman of the Hanoi People’s Committee Chu Xuan Dung. The deputy chairman made the request at the meeting on January 25 when local authorities discussed measures to bring the pandemic under control while maintaining activities during the biggest holiday. Hanoi has reported an average of 3,000 Covid-19 cases per day for the past month, making it the most affected area in Vietnam. However, the high … [Read more...] about Hanoi to ensure healthcare in Tet holiday