In recent years, Vietnam has emerged as a hub for startups, closely competing with the likes of Indonesia and Singapore. The country has a dynamic startup environment with many entrepreneurs and companies engaged in the most promising sectors.
What no one had predicted was that the Covid virus would continue to mutate and mutate in a way that would make it far more virulent. Along came the Delta variant – a variant that spread so fast that it made it much harder to control.
Well-established evidence in the note makes a stronger case for lowering speed to be one of the most effective ways to enhance road safety. For example, a one percent increase in speed results in a 3.5 to 4-percent increase in deaths.
According to the Bank, the COVID situation will likely continue to dampen inward investment for the rest of 2021 and may create further tourism uncertainty.
Standard Chartered has been investing significantly in Vietnam over the last few years and growing its business across the country.
Be Group (the developer of Be ride-hailing app) and VPBank have officially introduced Cake digital bank, a new solution for e-banking. This is the first time that a digital bank will appear on the interface of a ride-hailing app in Vietnam.
Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.