VND

FPT Commits to Sustainable Development, Aligning with ESG Standards

Retrieved on: 
Martedì, Aprile 16, 2024
Data Management, Professional Services, Technology, Telecommunications, Human Resources, United Nations, FPT Corporation, HCL, Sustainability, FPT, Corporation, Tata Consultancy Services, VND, Woman, Policy, School, Innovation, GRI, SCSK, United, Social responsibility, Family, ESG, Workforce, Data management, Multimedia, Respect, Student, COVID-19, Management

As part of its ongoing commitment to the highest standards of sustainable development, FPT Corporation (FPT) has published its ESG report and prioritized ESG as a key aspect of its 2024 development strategy.

Key Points: 
  • As part of its ongoing commitment to the highest standards of sustainable development, FPT Corporation (FPT) has published its ESG report and prioritized ESG as a key aspect of its 2024 development strategy.
  • View the full release here: https://www.businesswire.com/news/home/20240415745348/en/
    Happy Run race is one of FPT’s social responsibility activities (Photo: Business Wire)
    “In 2023, I described FPT as a joyful sanctuary.
  • I delineated the concept wherein FPT assumed the role of building a happier future for shareholders, customers, and employees.
  • In 2023, FPT donated VND 205.2 billion (approximately $8.2 million) to social responsibility activities, benefiting over 83,753 people in Vietnam.

AM Best Revises Issuer Credit Rating Outlook to Positive and Assigns National Scale Rating to Hanoi Reinsurance Joint Stock Corporation

Retrieved on: 
Giovedì, Marzo 28, 2024
Professional Services, Insurance, Finance, ERM, HDI, VND, Communication, Risk, ALL, News, FSR, NSR, Credit, Investment, AM Best, Good

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) – formerly known as PVI Reinsurance Joint Stock Corporation (PVI Re) (Vietnam).

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) – formerly known as PVI Reinsurance Joint Stock Corporation (PVI Re) (Vietnam).
  • Additionally, AM Best has assigned a Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to Hanoi Re with a stable outlook.
  • The ratings also factor in rating enhancement from Hanoi Re’s ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

SeABank completes 2023 business plan: noticeable CASA growth, controlled NPL

Retrieved on: 
Mercoledì, Febbraio 7, 2024
Know your customer, Growth, B1, ROE, NPL, SSB, VND, CASA, Moody's Investors Service, Bank, Yoy, BCA, Digital technology, EBT

HANOI, Vietnam, Feb. 7, 2024 /PRNewswire/ -- Considering the global and domestic unstable economic context, these results imply SeABank's flexible business transformation focusing on digital technology, green credit development and launching new fee-charging products.

Key Points: 
  • Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its 2023 business results with considerable growth: CASA increased to 11.5%; Net increase in outstanding debt and mobilization respectively up 16.76% and 25.35% YoY; NPL is controlled at 1.94%; EBT reached more than US$189.4 million.
  • Ending 2023, SeABank's total assets reached US$10.9 billion, growing 15% YoY; Charter capital increased to US$1 billion, up 22.32% YoY.
  • In 2023, the total amount of reduced interest for existing customers has reached up to US$16.7 million.
  • These efforts have resulted in the EBT of more than US$189.4 million, completing the 2023 business plan, equivalent to ROE of 13.03%.

SeABank completes 2023 business plan: noticeable CASA growth, controlled NPL

Retrieved on: 
Mercoledì, Febbraio 7, 2024
Multimedia, Know your customer, Growth, B1, ROE, NPL, SSB, VND, CASA, Moody's Investors Service, Bank, Yoy, BCA, Digital technology, EBT

HANOI, Vietnam, Feb. 6, 2024 /PRNewswire/ -- Considering the global and domestic unstable economic context, these results imply SeABank's flexible business transformation focusing on digital technology, green credit development and launching new fee-charging products.

Key Points: 
  • Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its 2023 business results with considerable growth: CASA increased to 11.5%; Net increase in outstanding debt and mobilization respectively up 16.76% and 25.35% YoY; NPL is controlled at 1.94%; EBT reached more than US$189.4 million.
  • Ending 2023, SeABank's total assets reached US$10.9 billion, growing 15% YoY; Charter capital increased to US$1 billion, up 22.32% YoY.
  • In 2023, the total amount of reduced interest for existing customers has reached up to US$16.7 million.
  • These efforts have resulted in the EBT of more than US$189.4 million, completing the 2023 business plan, equivalent to ROE of 13.03%.

AM Best Affirms Credit Ratings and Assigns National Scale Rating to Post-Telecommunication Joint Stock Insurance Corporation

Retrieved on: 
Giovedì, Gennaio 25, 2024
Insurance, Professional Services, Credit, Health, ALL, PTI, Good, Communication, Risk, VND, Investment, Risk management, Pressure, News, AM Best, NSR

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam).
  • Additionally, AM Best has assigned the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to PTI with a stable outlook.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

UpRace 2023 Fund surpasses VND7 billion in support of three social organizations

Retrieved on: 
Lunedì, Novembre 20, 2023
Maker, Exercise, Ministry of Social Affairs, COVID-19, Running, Life, 7-Eleven, Athlete, University, School, Telecommunications, Student, City, Hope, Happiness, ACC, VND, Disability, ASH, Tôn Đức Thắng University, Home Credit, Weather, VNG, Former

Together, they donated nearly 7 billion VND to support three impactful social organizations: the Association in Support of Vietnamese Handicapped and Orphans (ASVHO), GreenViet Biodiversity Conservation Center, and the Vu A Dinh Scholarship Fund.

Key Points: 
  • Together, they donated nearly 7 billion VND to support three impactful social organizations: the Association in Support of Vietnamese Handicapped and Orphans (ASVHO), GreenViet Biodiversity Conservation Center, and the Vu A Dinh Scholarship Fund.
  • During the official donation ceremony on November 01, 2023, ASVHO emerged as the most- supported beneficiary this year, receiving substantial fund totaling nearly VND3.5 billion.
  • The success of UpRace 2023 owes much to the unwavering dedication of the running community, the invaluable support of numerous key opinion leaders (KOLs), and notably, the concerted promotional endeavors of partnering social organizations.
  • The Ho Chi Minh City UpRace Day garnered additional support from sponsors including UpFit, Boost Juice, Revive, ACC, EnjoySport, and 7-Eleven.

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Vietnam’s Non-Life Insurance Segment

Retrieved on: 
Martedì, Novembre 28, 2023
Insurance, Professional Services, Ministry, VND, Risk management, AM Best, Bancassurance, Relaxation, Data, News, ALL

AM Best is maintaining a stable outlook on Vietnam’s non-life insurance segment, citing premium growth and regulatory enhancements that strengthen risk management and corporate governance.

Key Points: 
  • AM Best is maintaining a stable outlook on Vietnam’s non-life insurance segment, citing premium growth and regulatory enhancements that strengthen risk management and corporate governance.
  • The Best’s Market Segment Report, “Market Segment Outlook: Vietnam Non-Life Insurance,” also notes the government’s relaxation of restrictions on foreign investment in Vietnam’s insurance industry as a positive factor.
  • “Vietnam’s non-life insurance market will likely resume its growth momentum as global demand recovers and benefits the domestic economy,” said Ken Lau, senior financial analyst, AM Best.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Affirms Credit Ratings and Assigns National Scale Rating to Petrolimex Insurance Corporation

Retrieved on: 
Mercoledì, Novembre 22, 2023
Banking, Professional Services, Insurance, Finance, VND, Engineering, Risk management, Investment, Petrolimex, Credit, AM Best, Health, NSR, PJICO, Communication, Good, News, ALL

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Petrolimex Insurance Corporation (PJICO) (Vietnam).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Petrolimex Insurance Corporation (PJICO) (Vietnam).
  • Additionally, AM Best has assigned the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to PJICO.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

SeABank and AEON Financial Service have signed a Memorandum of Understanding for strategic cooperation and exchanged the Capital Transfer Agreement of PTF Financial Company

Retrieved on: 
Lunedì, Dicembre 18, 2023
AEON, Transfer, VND, Computer, Memorandum, Seabank Power Station, PTF, SSB, USD, City, State Bank of Vietnam, Documentation, Aeon Group, METI, State bank, Motorcycle, POS, Bank

AEON Financial is a member of the financial sector within the AEON Group, the largest retail conglomerate in Japan, with a strong presence in Japan, China, and Southeast Asia, including Vietnam.

Key Points: 
  • AEON Financial is a member of the financial sector within the AEON Group, the largest retail conglomerate in Japan, with a strong presence in Japan, China, and Southeast Asia, including Vietnam.
  • As of the end of February 2023, AEON Financial has reached 48 million credit card users.
  • The signing of the Memorandum of Understanding for strategic cooperation opens opportunities for SeABank and AEON Financial to deepen collaboration, aiming to become comprehensive partners and maximize the strengths of both parties.
  • Before, SeABank and AEON Financial had signed a contract to transfer the entire capital contribution of SeABank to Postal Finance Company (PTF) for a transfer price of 4,300 billion VND.

It's now just a snap for MoMo users to pay on Grab app

Retrieved on: 
Mercoledì, Novembre 1, 2023
Grab, Insurance, Momo, VND, Ecosystem, Partnership, Somatosensory system, Travel, Online shopping

MoMo users who wish to make payments on the Grab app can easily access and manage their funds from various sources available on the MoMo app.

Key Points: 
  • MoMo users who wish to make payments on the Grab app can easily access and manage their funds from various sources available on the MoMo app.
  • This includes MoMo e-wallet, linked bank accounts and MoMo Pay Later - a pioneering product in the local market that aligns with the global trend of 'Buy Now Pay Later'.
  • Using just a certain convenient app, MoMo users can perform One Touch Payment to fulfill almost all everyday needs anytime and anywhere.
  • To celebrate the launch of MoMo as a payment option on the Grab app, early adopters who choose MoMo for payments will receive special benefits worth up to VND 100,000.