Business News

Digital transformation in banking requires banks to quickly and strongly shift to digital services in the online environment in order to effectively interact with customers in the front-end, as well as requiring changes in back-end processes to support front-line transitions and improve operational efficiency through increasing digitization and automation. However, human resources in Vietnam to meet these requirements are scarce, causing many Vietnamese banks to compete fiercely to find and retain high-quality personnel.

Foreign investors pledged to pour over US$2.8 billion in real estate sector in the first four months this year, accounting for 30.3 percent of the total foreign direct investment inflows.

The information was revealed in the Việt Nam Smarthome Report 2022, which was launched at a workshop on Internet of Things (IoT)/Smart home in Việt Nam held in Hà Nội on Wednesday.

Japanese-backed Sojitz Corporation is planning to increase its investment portfolio with an upcoming project to develop an additional industrial park (IP) in the southern province of Dong Nai. An MoU was inked last week between Sojitz and its partners.

The inflow of foreign direct investment into Vietnam hit 10.8 billion USD in January - April period, according to the Ministry of Planning and Investment.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

Digital transformation in banking requires banks to quickly and strongly shift to digital services in the online environment in order to effectively interact with customers in the front-end, as well as requiring changes in back-end processes to support front-line transitions and improve operational efficiency through increasing digitization and automation.

1. Corporate bonds: from words to action
2. Positive scenarios for working capital development
3. Space expands for capital inflows from overseas
4. Local tuna exports to Portugal soar by 135pct
5. Imposing suitable tax rules on cross-border providers
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