21:11 (GMT +7) - Sunday 25/08/2019
Liberty capturing opportunities

Business 25/8/2019

Liberty capturing opportunities

Liberty Insurance is taking advantage of digitalization in Vietnam's insurance market to create a competitive edge in transforming its performance.

Dassault Systèmes to showcase solutions at Hanoi Innovation Summit

August 29-30 Summit brings together startups, entrepreneurs, and business leaders to promote next generation of...

1

Bill Bensley to design JW Marriott Sapa Resort & Spa

Famed architect signs deal with Alphanam Group to design Sapa project.

2

Radisson Hotel Group to manage Hoi An resort

Global hotel operator and Vietnamese developer partner to run a five-star resort near ancient town.

3

Oil & Gas Tech Asia 2019 set for HCMC

August 21-23 exhibition being held at Tan Son Nhat Pavilion Convention Center.

4

Fintech changing face of banking and finance

Hanoi seminar hears of potential for fintech development in Vietnam.

5

Vietjet opens direct flights to New Delhi

Direct flights from HCMC to Indian city to start on December 6 and from Hanoi on December 7.

6

Metropole Hanoi announcnes line-up for 2nd 'Culinary Stars' Week

October 6-13 extravaganza to feature chefs with or linked to a total of eight Michelin stars.

7

Shinhan Bank opens 4 new branches

New branches structured for operations as a multi-function bank.

8

Union for Ethical BioTrade launched in Hanoi

UEBT a non-profit association that promotes sourcing with respect.

9

UOB expands into Vietnam's north with Hanoi branch

Opening of branch reflects bank's long-term commitment to Vietnam.

10

Op-Eds 23/8/2019

Transforming Vietnam into a regional energy powerhouse

Transforming Vietnam into a regional energy powerhouse

Mr. Dave Sivaprasad, Managing Director and Partner, and Ms. Tuyet Vu, Principal at the Boston Consulting Group (BCG), share with VET about their views on Vietnam's transformation into a regional energy powerhouse.

Issue

Insurtech is hoped to make taking out insurance policies a much more straightforward experience and address Vietnam’s low insurance penetration rate. Startups have a role to play in bolstering growth in policy numbers and protection, and some work side-by-side with insurers seeking to gain stronger capabilities in technology to stake out market share and drive penetration forward.

Commodities

Crude Oil: $59.48 ? -0.27%
Copper: $2.64 ? 0.38%
Sugar: $134.30 ? 1.21%
Coffee: $12.05 ? -2.19%
Gas: $2.75 ? 0.00%
Corn: $375.25 ? -1.83%

Source: vietstock

Exchange Rates

Unit: VND

NABuySell
EURNANA
GBPNANA
JPYNANA
SGDNANA
USDNANA

Source: Vietcombank

Gold

Unit: milion VND/ounce

Province Buy Sell
SJC NA NA
Ring NA NA

Source: SJC

Weather

Hanoi, vn

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Sky is Clear

NA m/s Light breeze

South-southwest (NA)

NA% NA hPa

BUSINESS SPOTLIGHT

Editor’s letter

With a population now standing at 96 million, Vietnam is viewed as a particularly promising market for insurance companies...
Given that digital technologies are now transforming Vietnam’s life insurance industry, insurance companies in the country are developing insurtech (insurance technology) to improve operational efficiencies, support agents and partners, and bring new experiences to customers. The development of insurtech has brought about both opportunities and challenges for life insurers, with digital transformation being one of their top strategic priorities.
(read more)

The Guide this month plays a host of traditional Vietnamese musical instruments, admires nipa palm paper from near Hoi An, and visits a key site in Vietnam’s storied history..