Fri. PM KTFA News Articles 12-3-21



Samson » December 3rd, 2021

Vietnam : MSB signs strategic co-operation with Swiss Kaleido Bank

30th November, 2021

The Việt Nam Maritime Commercial Joint Stock Bank (MSB) and Kaleido Bank officially signed a strategic co-operation agreement on developing Private Banking activities in Việt Nam in Bern, Switzerland on Friday.

The event is the starting point in the relationship between the two sides, as well as a new step for MSB to optimise business efficiency. The signing ceremony was under the framework of Việt Nam – Switzerland high-level Business Forum.

Under the co-operation agreement, Kaleido Bank will provide consulting support for MSB in the fields of market research, customer experience enhancement, product design, sales strategy development, investment in technology development and attracting talent.

As for MSB, with the advantage of being the first joint stock commercial bank in Việt Nam, the bank will provide Kaleido Bank with information about the domestic banking market so that it can easily grasp and understand the needs of target customers.

In addition, the combination of MSB and Kaleido Bank promises to bring outstanding values to Private Banking services, such as helping customers manage assets, making profitable investments, and providing information about investment opportunities.

In the near future, MSB is expected to introduce to the market exclusive privileges for this group of customers, delivering a premium financial experience beyond expectations and setting a different standard for banking services.  LINK

Vietnam : PM chairs meeting on national digital transformation

1st December, 2021

Digital transformation has been and will be playing a crucial role in economic recovery, virus containment, global integration and Việt Nam’s standing in the international community, said Prime Minister Phạm Minh Chính during a videoconference discussing the country’s digital transformation process.

Minister of Information and Communications Nguyễn Mạnh Hùng said the Government is to lead the way with investment in research and development and new policies to create a market for digital business activities.  “In a fast-changing and hard-to-predict world, our best move is to invest in small gains that are part of a long-term vision for the future,” said the minister. 

The country has set a target to become one of the top 30 countries in the world in digital access with the vast majority of its population to gain access to mobile devices and the internet in the near future. 

Tô Lâm, minister of public security, said his ministry has nearly completed the digital national citizen ID database, a cornerstone for the next steps of the digital transformation process. 

Governor of the State Bank of Vietnam Nguyễn Thị Hồng said investments in digital transformation projects have reached VNĐ15 trillion (US$661 million) annually. Up to 90 per cent of the country’s banks have established and operated their own digital banking systems.

Agriculture is to benefit enormously from the process, according to Minister of Agriculture and Rural Development Lê Minh Hoan.  “It’s high time for the country to start collecting, analysing and managing agricultural data. The ministry’s 5-year plan for 2021-25 will introduce digital categories including digital agricultural villages and farmers,” Hoan said. 

A representative from the northern province of Quảng Ninh, one of the front runners in digital transformation among localities in Việt Nam, said it’s time for the country to offer more incentives to attract and encourage skilled workers to join the effort. 

Speaking at the videoconference, the PM said digital transformation is the next step of the country’s socio-economic development and therefore requires the whole political apparatus to move in the same direction. The process’s focal point is to support the population and the economy with sound strategies and policies to deliver benefits to all. 

“The three pillars of the transformation process are digital government, digital economy and digital society with an emphasis on a robust relationship between the public and the private sector,” said the PM. 

He instructed ministries and agencies to build decrees related to digital transformation, including electronic identification to protect personal data, regulations on the management and operation of the national database on population, among others, to submit to the Government.

The PM hailed ministries, agencies and localities for their achievements in digital transformation, especially in three pillars of digital government, digital economy and digital society. At the same time, the PM pointed to outstanding shortcomings in the field, such as a low ranking in terms of e-Government, the incomplete legal environment for e-Government and slow progress of building national and specialised databases.

Việt Nam is among some of the first countries to issue national guidelines and strategies on digital transformation.The country was named the top riser in East Asia and the Pacific in the 2021 rankings compiled by the European Center for Digital Competitiveness during 2018-2020.

Between 2022 and 2025, the Government set the goal of meeting 53 criteria for digital government, digital economy and digital society.    LINK

Accelerating digital transformation towards a digital Việt Nam

2nd December, 2021

An online event of the Việt Nam Digital Transformation Summit – Việt Nam DX Summit 2021 officially opened on Wednesday.

The event is organised by the Việt Nam Software and IT Services Association (VINASA) in collaboration with the Việt Nam National Institute of Software and Digital Content Industry (NISCI).

The summit gathered more than 80 speakers who are leaders, industry experts and more than 8,000 delegates sharing and discussing at 11 thematic sessions focusing on the hottest issues in digital transformation of key industries such as finance and banking, healthcare, agriculture, transportation-logistics, real estate, industrial production and information security.

Nguyễn Văn Khoa, chairman of VINASA, said that the event was held with the expectation of creating an annual forum for exchanging knowledge and practical experience, connecting supply and demand in digital transformation, contributing to accelerating Việt Nam to become a developed digital country.

Speaking at the event, Nguyễn Huy Dũng, deputy minister of Information and Communications, emphasised that digital transformation has become an inevitable trend and a new driving force for socio-economic development, contributing to the fight against the COVID-19 pandemic and to economic recovery.

Digital transformation had initially achieved some clear results, especially in terms of awareness and made remarkable progress in almost all public and private sectors and industries in the past two years. However, Deputy Minister Dũng also acknowledged that there were still many problems that needed to be solved in order to continue implementation.

Therefore, the Việt Nam Digital Transformation Summit will be a good opportunity for ministries, branches, localities and businesses to exchange, discuss and propose solutions to accelerate the digital transformation process in Việt Nam. “To be able to go faster on the national digital transformation journey, the Ministry of Information and Communications commits to accompany ministries, local sectors, businesses and the community in the digital transformation process,” Dũng said.

Also at the summit, VINASA will announce a Digital Transformation Guide Frame for SMEs and industrial manufacturing enterprises. This is to help SMEs and manufacturing enterprises in Việt Nam approach and implement digital transformation methodically, specifically, and directly connect these businesses with digital technology enterprises.   LINK

President Phúc wishes to lift Vietnam-Russia trade by 15 times from current $5 billion

2nd December, 2021

President Nguyễn Xuân Phúc has asked ministries, agencies and businesses of Việt Nam and Russia to seek ways to lift two-way trade by 15 times from the current US$5 billion and tripling investment in the near future.

Addressing the Việt Nam-Russia Business Forum that drew 80 firms from both sides in Moscow on Wednesday, Phúc said Việt Nam is one of the 20 most successful countries globally in terms of foreign direct investment attraction.

He suggested Russian firms study more about the Vietnamese market and vice versa to achieve better results and reach bilateral trade levels commensurate with the traditional, profound relations between the two countries.

The President affirmed that Việt Nam will try to build stable and predictable policy and institutions, adding that he requested Vietnamese localities and ministries, especially the Ministry of Planning and Investment, to coordinate effectively to attract capital flows and formulate ideas to create momentum in trade and investment.

As room for bilateral economic cooperation remains large, trust in political, diplomatic and economic ties will open up new chapters in the near future, he said, adding that the two countries’ authorities need to work closely together to deal with existing obstacles. The success of Russian investors is the expectation and pride of Việt Nam, he stated.

President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, for his part, said Russian and Vietnamese firms need to capitalise on advantages from the Free Trade Agreement between Việt Nam and the Eurasian Economic Union, adding Russian companies are interested in investing in Việt Nam.

Entrepreneurs at the event expressed their willingness to invest in each other on the back of the two nations’ long-standing ties as well as opportunities and incentives offered by each country.

A new direct route between Việt Nam and Moscow, Russia, conducted by Vietjet was also announced at the forum, along with several other deals, including a tripartite agreement between HDBank and the International Chess Federation and Việt Nam Chess Federation on 10-year support for the World Ches Championship.  LINK

Source: Dinar Recaps


If you wish to contact the author of any reader submitted guest post, you can give us an email at and we’ll forward your request to the author.

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2021 Dinar Chronicles