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Chris Yeo, who heads Grab's payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told Reuters . Both Yeo and Goh worked at the Grab Financial Group's GrabFin unit, which provides digital payments, financing, insurance, rewards, and wealth management services, and is an important plank of Grab's regional growth strategy. The latest executive departures come as Grab's losses rose to $3.6 billion in 2021 from $2.7 billion a year earlier, while revenue rose 44 percent, with investors focusing on how the firm plans to stem losses. Grab narrowed its loss in the first quarter. Since listing on Nasdaq in December after a record $40 billion merger with a blank check firm, Grab's shares have shed three-quarters of their value against a backdrop of plunging tech stocks and its continued losses. "Many business groups within GrabFin have … [Read more...] about Two senior Grab executives quit as company rejigs unit to stem losses

The U.S.-Vietnam Cooperation Center made its debut in Hanoi on Tuesday and will function as a place for anyone interested in learning more about the two countries’ diplomatic relations. The U.S.-Vietnam Cooperation Center is located on the campus of the Diplomatic Academy of Vietnam in the capital city. It is an output of the partnership between the U.S. Embassy in Hanoi and the Diplomatic Academy of Vietnam. The space, open to academics, researchers, faculty, students, and the public, is set to be a platform for educational and cultural programming, research support, and academic services. It will support the Diplomatic Academy of Vietnam’s American studies program, English language studies, and leadership development, as well as provide information about the U.S. and its foreign policy. Students at the U.S.-Vietnam Cooperation Center in Hanoi, May 24, 2022. Photo: Tuoi Tre The center is the second American Spaces partnership in northern Vietnam alongside … [Read more...] about U.S.-Vietnam Cooperation Center opens in Hanoi

A corner of Can Tho city (Photo: VNA) Can Tho (VNA) – Can Tho city expects to become the centre of trade and services in the Mekong Delta , with rapid and sustainable development. Under a plan on trade development in Can Tho by 2030 with a vision towards 2045 issued by the municipal People’s Committee, the city will serve as a firm launch pad to boost production, build Vietnamese brand names, and protect interests of consumers and businesses. Can Tho’s total retail sales of goods and services is projected to grow from 8-10 percent between 2021 and 2030, 10-12 percent in 2026-2030, and 12-13 percent in 2031-2045. The plan targets a strong goods distribution network, supply-demand balance, and e-commerce development with cutting-edge technologies and technical infrastructure. Revenue from e-commerce is set to rise by at least 10 percent during the 2021-2030 period, with 70 percent of transactions to be conducted online and half of small- and medium-sized enterprises … [Read more...] about Can Tho striving to become trade centre in Mekong Delta