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Digital banking is here to stay, but effects still unclear

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Making late investments in high technology could cause a bank to lag behind, but if a bank goes too fast and customers are not ready, it will suffer losses.

Established in 2008, TP Bank has a limited network of branches and transaction offices. It experienced liquidity shock in 2011, but has become a ‘rising star’ in the banking sector.

What attracts customers most is LiveBank, a digital banking service of the Bank. LiveBank can serve nearly all kinds of banking transactions without tellers.

LiveBank has great advantages over normal ATMs because it allows customers to conduct many kinds of transactions, and over banking officers because it can work 24/7 hours with very high efficiency.

To date, TP Bank has 90 LiveBanks and plans to raise the number to 400 by 2020, which is equal to the number of transaction offices of the banks leading in networks, such as Sacombank, ACB and Eximbank.

In the last few years, banks have launched online transaction channels, such as internet banking and mobile banking. However, the channels work independently and customers need to choose the appropriate channels.

For instance, if customers carry out a transaction on mobile phones and the transaction is suddenly interrupted, they will not be able to continue the transaction on computers or at the counter. They will have to restart the transactions from the very beginning.

However, this inconvenience has been settled by Omni-Channel banking platform at OCB. The bank is also going to build a multi-utility ecosystem based on the omni-channel platform that, with only one banking app, allows customers to shop, book movie ticket, connect to social networks and do other transactions with only ‘one touch’.

For VP Bank, digital banking is an ecosystem of fashion, food, shopping and entertainment that fit youth’s taste. VP Bank’s Yolo app targets young people who have grown with touchscreens and wireless connections.

Military Bank now allows customers to transfer money via Facebook app and communicate with customers via chatbot. At Vietcombank, customers can initiate transactions at a separate transaction space named Digital Lab.

If compared with ebanking, which focuses on some major functions such as money remittance, payment and balance checking, digital banking is a new development as it carries out nearly all banking transactions online.

According to Pham Tien Dung, director of the Payment Department, 94 percent of banks have begun building or implementing digital transformation strategies and only 6 percent still have no general strategies. The investments in IT in general and digital banking in particular are not inexpensive.

According to a report on Vietnamnet

Barriers still exist in debt trading market

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Experts say that bad debts will be settled only if there is a debt market, but the market still has not taken shape because of the lack of a legal framework.

Since its establishment, the Vietnam Asset Management Company (VAMC) has bought VND280 trillion worth of bad debts with special bonds based on book value. However, the amount of settled debt is VND100 trillion only.

Bad debts moving around

The Q3 finance reports of commercial banks show a worrying problem that the bad debt is on the rise. This is attributed to the rapid increase in outstanding loans. However, analysts pointed out that there is another reason that banks have bought back the bad debts they had sold to VAMC before.

VietinBank, for example, in its biannual report, showed that it bought back all the debts sold before to VAMC. Vietcombank, Techcombank, Military Bank, ACB and VIB also no longer have any bad debt at VAMC.

VAMC is described as a ‘vault’ which keeps banks’ bad debts temporarily. It allows banks to ‘put bad debts aside’ and restore their capability of providing loans. In addition, they only have to make provisions against risks for special bonds than for bad debts.

As banks’ financial capability has improved, they are buying back the debt to accelerate the settlement process.

Deputy Prime Minister Vuong Dinh Hue, reporting to the National Assembly about the bad debt, said that bad debt figures in banks’ balance sheets is just 2 percent, lower than the 2.56 percent earlier this year.

However, if counting off-balance sheet bad debts and the debts sold to VAMC, the bad debt ratio of the entire banking system would be 6 percent.

Still awaiting legal framework

According to Tran Du Lich, a respected economist, when VAMC bought bad debts from banks with special bonds, this created a a 3-party relation among debtors, banks and VAMC.

That is why if VAMC wants to sell the assets mortgaged for loans, as it needs to reach agreements among three parties. In many cases, the agreements cannot be reached because each party has its own goals.

“If VAMC buys bad debts indefinitely, the debt settlement process will go more smoothly,” he said.

Meanwhile, other experts have repeatedly urged to form up a debt market. Doan Van Thang, an economist, said there must be a debt trading floor.

“Once such a trading floor is set up, debts will be put on sale on the floor and buyers will come,” he said.

Dao Van Hung, director of the Academy for Policy & Development, pointed out that the lack of a legal framework is the biggest problem hindering the development of the debt market in Vietnam.

According to a report on Vietnamnet

Giang brothers set new world record

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Vietnamese gymnasts, the Giang brothers have officially set a new world record with their head-balancing act in Italy.

Giang Quoc Co and Giang Quoc Nghiep performed the act in Rome following an invitation from the Guinness World Records organisation. The brothers walked 10 steps in 53.97 seconds while balancing each other with their heads while being blindfolded.

They performed the act on November 15 and had to return to Vietnam immediately afterwards.

“We’ve been waiting after completing the act. We couldn’t reveal much since the performance is exclusively aired by TV8 Channel in Italy per our contract. We only want to say that we always do our best not just for ourselves but also for Vietnam,” Giang Quoc Co said.

The brothers said they felt even more emotional than the performance in Spain where they broke the previous record of most stairs climbed with a person on the head set by Chinese duo Tang Tao and Su Zengxian.

The brothers said they wanted to share the happiness with their families, circus performers and other fans in Vietnam and the world.

According to Nghiep, they were nervous a week before the challenge started and practised every time they got. They found the blindfolded one-minute test nerve-wracking.

According to a report on Dtinews

VinTech to invest $4.5 million in decoding Vietnamese genome

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The VinTech technology development company’s big data research institute announced on December 6 that it will start a 4.5-million-USD project on building Vietnamese genome data next year.

The project, set to run for five years, will decode genomes of 1,000 people to generate mass data for local and foreign researchers.

The data will aid the early treatment of some diseases and develop treatment methods suitable for each individual.

VinTech is an affiliate of Vietnam’s leading conglomerate Vingroup. It researches and acquires licences from Vietnamese organisations to bring initiatives and technologies to life.

According to a report on VNA

AFF Suzuki Cup 2018: VFF set date for online sale of tickets for second leg of final

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With Vietnam in the final of the 2018 AFF Suzuki Cup, fans are eagerly anticipating where to get tickets for the team’s home game which will be the second leg of the final against Malaysia.

The last time Vietnam won was back in 2008 and with the second leg being the deciding match on who goes away as champions, Vietnam fans are undoubtedly going to support by going to My Dinh Stadium.

According to the Vietnam Football Federation, tickets for the second leg final will be sold online on December 10 and the slots open by 10:00AM local time.

The report goes further by saying 15,000 tickets will be available for the public, with one person – with an ID provided – can buy as much as two tickets at once.

Malaysia host the first leg on December 11 at Bukit Jalil National Stadium before Vietnam play their home match on the 15th of the month.

According to a report on Fox Sports Asia

Cashless payments are booming in Vietnam

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Vietnam’s mobile payment is more than doubling in value over the first three quarters of 2018. In particular, transactions over mobile apps and digital wallets rose by an impressive 126% and 161%, respectively, according to Department of Payments at the State Bank of Vietnam.

“Mobile payment is becoming a new trend with the rise of technologies such as QR codes, contact and contactless payments, and the tokenization of card information,” Nghiem Thanh Son, deputy director of the department, said,

According to a report on Fintech News, besides banks, local startups too are tapping into the trend with key players now operating in the Vietnam mobile payment market including Mobivi, NganLuong, OnePay, Payoo,Momo, 123Pay, Moca, telco-run ViettelPay, VNG’s ZaloPay, Ononpay. Overall, there are 27 licensed payment services and 20 of them operate e-wallets.

Grab expands mobile wallet business

Singapore-based tech company Grab recently partnered with Vietnamese payment startup Moca to launch GrabPay by Moca, a mobile wallet integrated into Grab’s app in Vietnam, with which it aims to provide reliable and affordable financial services for the masses. Grab also acquired a stake in the startup.

The deal focuses on leveraging the strengths of both companies to push for mobile payments in Vietnam: Grab chose Moca for their local knowhow and access to licenses, while Moca’s mobile payment system will gain traction through its integration with Grab.

GrabPay is now setting its sights on Cambodia and Myanmar, according to Nikkei Asian Review, and signed a partnership with Philippine-based conglomerate SM Investments Corp (SM) to expand its mobile wallet to the Philippines. It also partnered with Thai lender Kasikornbank (KBank) to offer GrabPay and other financial services in Thailand by early next year. KBank has committed to invest US$50 million in Grab’s ongoing fundraising found.

An alliance with United Overseas Bank Limited (UOB) was announced last month to have the bank’s digital banking service integrated into its app.

Go-Jek launches in Hanoi

Grab’s Indonesian rival Go-Jek launched its ride-hailing services in Hanoi in September under the brand Go-Viet. Go-Jek announced in May a US$500 million international expansion strategy starting with four countries in Southeast Asia: Vietnam, Thailand, Singapore, and the Philippines.

App-based on-demand service Go-Viet is driven by a Vietnamese founding team with Go-Jek providing technology, expertise and investment. It currently offers two-wheel ride-hailing (Go-Bike) as well as courier services (Go-Send) but plans to introduce additional services such as Go-Car, a four-wheel ride service, Go-Food, for quick food delivery and Go-Pay, its e-money service.

Go-Viet grabbed a 35% share of the Vietnamese motorbike ride-hailing market in Ho Chi Minh City just six weeks after launching in the city in August 2018.

QR code payments gain traction

QR code payments are becoming increasingly popular in Vietnam and is now implemented at 18 banks, including state-owned banks such as BIDV, Vietcombank, VietinBank, and large joint stock banks such as VP Bank, Maritime Bank, SCB and SHB, with 8 million users.

The QR feature on apps allows users to scan QR codes with a smartphone camera to quickly transfer money, make payment for bills and shop.

Tran Tri Manh, CEO of payment services provider VNPAY, said that more than 20,000 merchants now accept payments with VNPAY-QR with the number of users increasing by 30% a month.

Products and services accepting payments through QR codes are becoming more diverse with large companies such as Vietnam Airlines, Vietjet Air and Jetstar all adopting the trend. Vietjet, which began accepting VNPAY-QR on October 3, saw more than 50,000 air ticket bookings being paid with QR Pay as of early November.

Digital wallet and online payment gateway NganLuong recently got into the QR code payments craze as well, launching QR code payments capabilities in September and announcing co-operation with 15 local banks. NganLuong has 1.3 million users who conducted a total of 15 million transactions for a total value of US$200 million.

Mobile payments to reach US$70,937 million by 2025

According to a report published earlier this week by Allied Market Research, the Vietnam mobile payment market is projected to reach at US$70,937 million by 2025, growing at a CAGR of 18.2% from 2018 to 2025. The market was valued at US$16,054 million in 2016.

The report notes changes in customer preference from cash to digital payments, surge in need for immediate transactions in Vietnam, increased penetration of internet and smartphones, and growth of the e-commerce industry as the major factors contributing to the growth of the market.

Vietjet boss among Forbes’ 100 most powerful women

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Ms. Nguyen Thi Phuong Thao in 44th place on this year’s list, headed by Angela Merkel.

Ms. Nguyen Thi Phuong Thao, President and CEO of Vietjet Air, has been listed among the World’s 100 most powerful women by Forbes. She is the only representative of Vietnam and is listed at 44th, up eleven spots against last year.

Forbes estimated the self-made billionaire’s assets at around $2.6 billion, higher than last year’s $1.98 billion.

Ms. Thao is Chairwoman of Sovico Holdings, President and CEO of Vietjet, and Standing Vice Chairwoman of HDBank. She holds a Ph.D in Economic Cybernetics and a Bachelor’s Degree in Credit-Finance.

She successfully listed Vietjet and HDBank on the Ho Chi Minh Stock Exchange (HoSE) in 2017 and 2018. The combined market capitalization of the two companies stands in the billions of dollars and she is now the second richest person on Vietnam’s stock market.

Topping the Forbes list was German Chancellor Angela Merkel, followed by UK Prime Minister Theresa May, Managing Director of the International Monetary Fund Christine Lagarde, and CEO of General Motors Mary Barra. The first female president of the New York Stock Exchange since it opened in 1792, Ms. Stacey Cunningham, was 27th.

This is Forbes’ 15th annual Top 100 list of the most powerful women in the world, including women in business, finance, media, politics, social / philanthropic / NGOs, and technology.

The annual rankings are based on multiple categories such as asset quality, media exposure, segment, and international influence. According to Executive Vice President Moira Forbes, the women on the list have a wide and direct influence on more than 3 billion people worldwide, with activities in various fields.

Source: Vneconomictimes

AFF Suzuki Cup: Players gave their best, says Vietnam’s head coach

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Head coach Park Hang-seo lauded and thanked both players and fans as Vietnam convincingly advanced to AFF Cup final.
“So after 10 years, we are in the AFF Cup final again. It is a well-deserved reward for the fans, who supported us all the way. And for the players, I want to thank them. They have given their best in this game,” Park Hang-seo said at post-match conference.

Vietnam repeated their first leg score in the second leg semifinal against the Philippines Thursday night in Hanoi, entering the final of the AFF Suzuki Cup 2018 with a robust 4-2 aggregate.

Park also stressed the need to remain focused and not get carried away.

“Although we beat Malaysia 2-0 in the group stage, they showed that they have many dangerous attackers. We have to prepare for this carefully. Everyone has to stay focused,” he said.

On the other side, Philippines head coach Sven-Goran Eriksson said Vietnam deserved to win this match and had a good chance to win the cup.

“Congratulations to Vietnam because they played too well today. The final between Vietnam and Malaysia will be a great match. Good luck to Vietnam in the final. Your team is the top contender for this year’s AFF Cup,” Eriksson said.

Midfielder Nguyen Quang Hai, who tapped the first goal in for Vietnam, said he was already looking forward to the final.

“What a great game! We dedicate this victory to the fans. Now we need to rest, eat well and prepare for the final,” Hai said.

Midfielder Nguyen Quang Hai, who tapped the first goal in for Vietnam, said he was already looking forward to the final.

“What a great game! We dedicate this victory to the fans. Now we need to rest, eat well and prepare for the final,” Hai said.

Hai was named man of the match by Fox Sports, who gave his performance a nine out of ten.

“Another day, another brilliant performance from Nguyen Quang Hai. The midfield maestro has been one of the best performers of the AFF Cup and it showed today. He controlled the midfield and even provided with an attacking outlet at times,” the site gushed.

Vietnam will clash with Malaysia again in the final’s first leg on December 11 at Malaysia’s Bukit Jalil Stadium. The second leg will take place at the My Dinh National Stadium four days later.

Source: Vnexpress

CNN names top 7 beaches in Vietnam

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Check out stunning photos of the top seven beaches in Vietnam, including Mui Ne in the south and An Bang on the central coast, which named by CNN Travel.

Con Son Island, Con Dao archipelago: A one-hour airplane hop from the southeastern tip of Vietnam, the Con Dao islands sit in turquoise water and offers some of Vietnam’s best diving.| @ From Six Senses Con Dao

Amanoi, Vinh Hy: Amanoi, a luxurious off-the-grid Aman resort, offers heart-stopping clifftop views of Vinh Hy Bay and a private sheltered cove of soft sand. |
@ Courtesy Amanoi/Aman Resorts

Amanoi Beach Club: Six Senses Con Dao, the sole five-star resort on Con Son, boasts one of the most dramatic and exclusive beaches at the foot of a mountain.
| @ Courtesy Amanoi/Aman Resorts

Long Beach, Phu Quoc Island: Located in the Gulf of Thailand, Long Beach stretches over 12 miles with clear water, soft beige sand and beachfront accommodation that unfurls against a backdrop of languid palms and jungle-cloaked mountains. | @ Shutterstock

Long Beach, Phu Quoc Island: Long Beach is actually two beaches — north and south. The latter is home to a few small pearl farms and fishing villages, ideal for solitude-seekers. Party goers should head north. | @ Ralf Tooten/JW Marriott Phu Quoc Emerald Bay Resort & Spa

An Bang, Hoi An: Three miles from the UNESCO World Heritage town of Hoi An, An Bang is surprisingly unpretentious for a beach so close to a major tourist attraction. | @ Hoang Dinh Nam/afp/getty images

An Bang, Hoi An: The optimal time to hang out is dry season from March to September, when An Bang’s calm waters are the remedy to blistering Central Coast temperatures. | @ DALE DE LA REY/AFP/AFP/Getty Images

Nha Trang: Perhaps the most famous beach in Vietnam, Nha Trang — in the city of the same name — is four miles of sand, palms and warm water, all of it free and accessible to the public. | @ AFP/Getty Images

Mui Ne: Consistent cross-onshore winds and affordable hotels have turned Mui Ne into the kitesurfing mecca of Southeast Asia. Nearby gigantic red and white sand dunes are great spots outside the tourist strip to catch the sunset. | @ AFP/AFP/AFP/Getty Images

Le Diep Kieu Trang, director of Facebook Vietnam, has announced to resign

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Le Diep Kieu Trang will stop working as director of Facebook’s operations in Vietnam from January 1 next year.

On her own Facebook page, Trang, 38, cited “family reasons” for her decision.

Trang, also known as Christy Le, surprised the business community in March when becoming the country director of Facebook in Vietnam.

She told local media back then that she wants to experience a “challenging position.”

She has been in charge of the social network’s business development in Vietnam from its office in Singapore.

Kenneth Bishop, managing director of Facebook in Southeast Asia, said in March that with more than 60 million people using Facebook in Vietnam each month, Facebook is investing in human resources to support the business community and its partners in Vietnam.

With her professional experience, Trang would be able to support companies in Vietnam, he said.

Trang comes from a family with a long business tradition.

Her father, Le Van Tri, is former deputy CEO of The Southern Rubber Industry Joint Stock Company (Casumina), Vietnam’s leading rubber manufacturer, while her brother, Le Tri Thong, is former deputy CEO of Dong A Bank and is currently deputy chairman of Phu Nhuan Jewelry Joint-Stock Company (PNJ).

Trang won scholarships to study at Oxford University in England and then Massachusetts Institute of Technology (MIT) in the U.S.

She previously worked for global management consulting firm McKinsey in the U.S. before joining her husband to found Misfit Wearables, a startup specializing in keeping track of human health and physical activities that attracted investment from John Sculley, former CEO of Apple, and Hong Kong billionaire Li Ka-shing.

Misfit was acquired by Fossil Group for $260 million in 2015, but Trang continued to work as CEO of Fossil Vietnam until early March this year.

In June, Vietnam passed the Cybersecurity Law that enforces tougher conditions on tech businesses like Facebook and Google.

The law says local and foreign digital and tech businesses will have to open a representative office in Vietnam and store users’ data.

Facebook has just lost its throne as a top-rated employer, based on Glassdoor’s 2019 list of the “Best Places to Work.”

After ranking top last year, Facebook now ranks seventh, dropping from a 4.6 to 4.5 award score out of 5.

Glassdoor bases its ranking on eight different of factors, including work/life balance, senior management and compensation and benefits.

On employee satisfaction alone, Facebook has seen a decline from a 4.6 rating in the first quarter to a 4.3 in the last quarter, Glassdoor Community Expert Scott Dobroski told CNBC.

Six former Facebook employees told CNBC they have been receiving increasingly more messages from current Facebook employees looking for a way out.

According to a report on VnExpress

Spanish arrested people smugglers from Vietnam

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The European police agency says Spanish authorities have arrested 37 people suspected of belonging to a Vietnamese people-smuggling ring that has earned an estimated 13 million euros ($14.8 million).

Europol said in a statement Thursday the gang charged each Vietnamese migrant 18,000 euros ($20,500) and smuggled them into the European Union via South America.

According to a report by The Associated Press, each group of up to 12 migrants was guided by an English-speaking smuggler who facilitated their travel.

Spanish police conducted searches of 10 houses and more than 100 beauty salons across the country after learning that the smuggling operation was largely based in Barcelona.

The gang also furnished the migrants with counterfeit residency documents.

Vietnam through to final after beating Philippines 2-1

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Philippines visited Hanoi knowing that nothing short of a miracle would take them to the final of the AFF Suzuki Cup. However, on the day, they were outclassed both defensively and offensively and were knocked out of the competition. We take a look where the match was won and lost.

Impenetrable Vietnam

Vietnam have forged a reputation, during their remarkable cup run, of being the toughest side defensively. The Golden Dragons had conceded just once before their semi-final second leg match against the Philippines, keeping four clean sheets in the process.

Fox Sport Asia reports, in the first leg of the semifinal, Vietnam went to Bacolod and recorded a 2-1 victory against the Philippines. In doing so, they gained a massive advantage rendered by the two away goals.

However, the beauty of knockout football is in its uncertainty. And so, they knew that anything less than 100 per cent today would land them into trouble. But the Golden Dragons were impeccable on the night and didn’t allow their opponents any space to work with.

Vietnam’s 5-3-2 formation kept the Philippines attackers at bay, while the two wingbacks raced up and down the wings to stretch the play. Furthermore, the three central midfielders provided solid defensive cover and made it even harder for their opponents to go close to the goal.

It was yet another defensive masterclass from Park Hang-Seo’s side, who are slowly turning into a force to be reckoned with.

Ineffective Philippines

As much as the result depended upon Vietnam’s defensive solidity, one can only wonder what could’ve been had Philippines been better in attack. The Azkals boasted one of the strongest sides going into the AFF Suzuki Cup and were deemed favourites by many.

However, for much of the competition, the Phil Younghusband-led side looked lacklustre and was often toothless in attack. Indeed, throughout both the legs of the semifinals, Philippines never looked to really pose a threat to Vietnam and ultimately paid the price.

Nevertheless, Philippines did have an ‘ace in the pack’ in Stephan Schock, who had been their best performer so far. Schrock was the one making things tick on the field. However, he didn’t receive adequate support from his teammates and was often left isolated.

Apart from Schrock, nobody in the Philippines side looked to threaten the opposing defence from open play. The Azkals did win a lot of set pieces on the night which could’ve made life harder for their opponents, but their inefficiency from the dead ball situations didn’t help their cause either.

As a result, it was smooth sailing for Vietnam, who made easy work of their opponents and reached the Final.

AirAsia, the largest low-cost carrier in Southeast Asia to launch airline in Vietnam with local partner

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AirAsia , the largest low-cost carrier in Southeast Asia, said that it has agreed with its partner in Vietnam to launch a domestic airline next year, to gain a footprint in the fastest growing air travel market in the region.

According to a report on Nikkei, the Malaysia-based carrier and Thien Minh Group, a Hanoi-based tourism business, agreed on Thursday to invest in aircraft to form a fleet for the new airline. TMG CEO Tran Trong Kien said that the fleet will mainly consist of Airbus A320s and A321s, both short- to medium-range, narrow-body aircraft.

“We expect to enhance our contribution to Vietnam’s aviation and increase locals in one of the most promising markets in the region,” AirAsia CEO Tony Fernandes said before signing agreement on Thursday in Hanoi.

The move comes as Vietnamese take to the skies in the Southeast Asian nation booms. AirAsia aims to counter Vietjet Aviation, the Vietnamese budget airline that is rising on strong passenger growth at home.

Kien said, “We aspire to reap the huge potential of the fast-growing air travel business via the partnership” with AirAsia.

TMG offers high-end tourism using its seaplanes connecting Hanoi and Ha Long Bay, as well as cruises traveling the Mekong Delta. The private company operates a chain of hotels and resorts in Vietnam, Laos and Cambodia that host more than 200,000 guests annually, with plans to add two facilities each year.

Official statistics show 79.28 million air passengers for the first nine months of 2018, up 12% on the year.

AirAsia owns 30% of the new venture, the maximum allowed for foreign ownership of an airline under Vietnamese law, though Hanoi is considering lifting the limit to 49%.

AirAsia expects the venture to focus on underserved routes connecting key cities including Hanoi and Ho Chi Minh City, while also flying to Southeast Asia, China, South Korea and Japan from Ho Chi Minh City, Hanoi and Danang.

Vietnam’s aviation market has averaged 17.4% growth over the past decade, far higher than the 7.9% rate for the Asia-Pacific region, the International Air Transport Association said. AirAsia has been seeking a local partner for more than 10 years. The Malaysian airline once agreed to team with now-rival Vietjet, but the deal collapsed in 2010 without a maiden flight.

But analysts see possible headwinds for AirAsia’s entry into Vietnam. Vietjet holds roughly half the market, and the country’s first private airline stands better placed to deal with local authorities.

Yet the low number of flights per capita compared with other countries leaves room for more players, said Le Dang Doanh, director of the Central Institute for Economic Management in Vietnam.

New players could operate well at destinations beyond main routes connecting big cities. Bamboo Airways, a local airline owned by golf resort operator FLC Group, received its license and has scheduled its first flight for the last week of December. Another local airline also awaits approval.

AirAsia’s shares declined on Thursday by 1.29% to 3.07 Malaysian ringgit while Vietjet increased 0.7% to 132,300 dong in the morning session.

Featured image: AirAsia planes sit on the tarmac at Kuala Lumpur International Airport, Malaysia.   © Reuters

Vietnam Strategic Market Intelligence Reinsurance Market Research Report: Ken Research

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GlobalData’s ‘Strategic Market Intelligence: Reinsurance in Vietnam-Key Trends and Opportunities to 2021′ report provides a detailed outlook by product category for the Vietnamese reinsurance segment, and a comparison of the Vietnamese reinsurance with its regional counterparts.

It provides values for key performance indicators such as premium accepted, premium ceded, cession rates, and total investment income during the review period (2012-2016) and forecast period (2016-2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Vietnamese economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving reinsurers access to information on segment dynamics and competitive advantages, and profiles of reinsurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

This report provides in-depth market analysis, information and insights into the Vietnamese reinsurance segment. Key insights and dynamics of the Vietnamese reinsurance industry. Comparison of Vietnamese reinsurance segment with regional counterparts, along with premium accepted trends.
A comprehensive overview of the Vietnamese economy, government initiatives, FDI, country risk, investment opportunities and enterprise structure. Vietnamese insurance regulatory framework’s evolution, key facts, taxation regime, licensing and capital requirements.

Vietnamese reinsurance industry’s market structure giving details of premium accepted and premium ceded along with cession rates. Distribution channels deployed by the Vietnamese reinsurers. Details of the competitive landscape, M&A and competitors’ profiles.

This report provides a comprehensive analysis of the reinsurance segment in Vietnam. It provides historical values for the Vietnamese reinsurance segment for the report’s 2012-2016 review period, and projected figures for the 2016-2021 forecast period. It offers a detailed analysis of the key categories in the Vietnamese reinsurance segment, and market forecasts to 2021.

It provides a comparison of the Vietnamese reinsurance segment with its regional counterparts. It provides an overview of the various distribution channels for reinsurance products in Vietnam. It profiles the top reinsurance companies in Vietnam, and outlines the key regulations affecting them.

Make strategic business decisions using in-depth historic and forecast market data related to the Vietnamese reinsurance segment, and each category within it. Understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese reinsurance segment. Assess the competitive dynamics in the reinsurance segment. Identify growth opportunities and market dynamics in key product categories. Gain insights into key regulations governing the Vietnamese insurance industry, and their impact on companies and the industry’s future.

For more information on the research report, refer to below link:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-vietnam-key/171380-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/general-insurance-italy/171411-93.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com | +91-9015378249

December 6: VN-Index down slightly

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by Hai Van

Negativity around Asia leaves a mark.

Despite an air of caution, domestic investor psychology was stronger on December 6 than previously and the market fluctuated slightly within a narrow margin.

Large caps such as VHM, MSN, TCB and VJC supported the VN-Index.

Negative signs around Asia saw the local market struggle early on but cash flow then poured in quickly and reversed any declines.

At 10am, the VN-Index was up 1.4 points (0.15 per cent) to 958.54 points and the HNX-Index and UPCoM-Index recovered to near their reference levels.

According to a report by Hai Van on VNEconomictimes, market liquidity was quite good, with a matching order value of over VND1 trillion ($42.9 million). Foreigners were net buyers, but by just VND7 billion ($300,380).

The market was affected by Asian stock markets, with the Hang Seng Index, the Shanghai Composite Index, the Nikkei225, and the Kospi all falling.

The VN-Index finished the morning down 2.8 points (0.29 per cent) to 954.34 points, the HNX-Index 0.38 points (0.35 per cent) to 107.36 points, and the UPCoM-Index 0.18 points (0.34 per cent) to 53.19 points. Liquidity was a handy VND2.3 trillion ($98.6 million) in total.

Foreign investors net bought by more than VND22 billion ($944,060).

Bluechips such as VHM, PNJ, VJC, MSN, SAB, and EIB did well and were pillars curbing any steep declines. Cash flow was quite strong real estate, which spread to other stocks