Vietnam 

Korean firms to expand investment in electricity in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers of Hanoi Electricity Corporation. According to the Republic of Korea’s Consulate General, many Korean enterprises are particularly interested in smart grid solutions in combination with 5G. — Photo Hoa Việt Cường HÀ NỘI — The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to increase investment in Việt Nam, especially in the manufacturing of electronic equipment and developing smart grids. While analysing the potential to develop electronic equipment, smart grids and clean energy, RoK Consul General Lim Jae-Hoon said Việt Nam’s electricity consumption increased by…

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Malaysia’s sovereign wealth fund appoints SenseTime founder to board as it seeks to expand tech investments

Malaysia’s sovereign wealth fund has appointed the founder of artificial intelligence start-up SenseTime as a board member – marking the first time a foreign national has been formally appointed to such a position at Khazanah Nasional.Tang Xiao’ou, a mainland Chinese national and professor at Chinese University of Hong Kong, will advise on AI-related matters, according to an announcement on Monday.The fund also appointed Malaysian national Lau Seng Yee, senior executive vice president and… Source link

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Didi invests in Tencent-backed ride-hailing start-up amid efforts to expand strategic alliances

Didi Chuxing has invested an undisclosed amount in OnTime, a new ride-hailing service provider backed by Tencent Holdings, in a move that widens its strategic alliances as competition in the domestic market heats up.Beijing-based Didi, operator of China’s largest ride-hailing platform, announced that deal as part of an agreement with Guangzhou Automobile Group Co (GAC Group) to expand their partnership into areas such as ride-hailing operations, fleet management, autonomous driving and other… Source link

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Richard Li’s FWD is in talks to buy MetLife’s Hong Kong insurance unit to expand through acquisition

FWD Group is in advanced talks to buy MetLife’s Hong Kong insurance unit in what would be the latest in a string of acquisitions by the insurer backed by billionaire Richard Li, people familiar with the matter said.The companies could reach an agreement in the next few weeks, the people said, asking not to be identified because the discussions are private. A deal could value MetLife Hong Kong at less than US$400 million and would help FWD boost its presence in the former British colony, the… Source link

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Gaming company Razer to expand payments network to 54 million merchants via tie-up with Visa

Gaming hardware company Razer is expanding its payments network through a partnership with Visa, which will allow Razer’s e-wallet users to pay at 54 million Visa merchants globally.Without the need for a bank account or a credit card, up to 60 million users of Razer’s online payments service, Razer Pay, will be able to use the newly-developed virtual prepaid solution by Visa in their e-wallet to make payments wherever Visa is accepted, according to an announcement by Razer’s fintech arm and… Source link

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China’s virtual reality market set to expand, driven by increased policy support, 5G network roll-out

China’s virtual reality (VR) market is forecast to expand to 54.45 billion yuan (US$7.9 billion) by 2021, fuelled by increased policy support from Beijing, according to the industry regulator, as advanced 5G mobile networks are rolled out across the country.“The compound annual growth rate of the VR market is expected to reach 91.2 per cent,” said Wu Shengwu, deputy head for the electronic information division of the Ministry of Industry and Information Technology (MIIT), at a press conference… Source link

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Property 

Singaporean office design firm Space Matrix banks on workplace technology to expand in China

Singaporean workplace design firm Space Matrix has its sights set on expanding in China, where it expects to see a healthy supply of office space in major cities and opportunities in the Greater Bay Area.In September last year, Space Matrix acquired Muraya, a China-based design and construction company. Muraya has since been rebranded as Space Matrix China.“[This acquisition] was a way to get into the Chinese market aggressively. From here on, we hope to increase our presence in Shanghai and… Source link

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Vietnam 

PM urges Samsung Vietnam to expand operations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Prime Minister Nguyễn Xuân Phúc and general director of Samsung Vietnam Choi Joo-ho hold talks yesterday. VNA/VNS Photo HÀ NỘI Prime Minister Nguyễn Xuân Phúc on Friday suggested Samsung Vietnam expand its operations not only in electrical assembly but also in technological development.  During a meeting in Hà Nội with general director of Samsung Vietnam Choi Joo-ho, PM Phúc said he hoped the group would continue studying and producing new-generation technological products to catch up with the Fourth Industrial Revolution, as well as assist Việt Nam in building its e-government – a field of…

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Vietnam 

Bình Phước inks deal to expand Suối Cam tourism complex – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives from Bình Phước People’s Committee and investors shake hands after signing the deal. Photo VNA BÌNH PHƯỚC On Monday, Bình Phước People’s Committee and a joint venture between Phúc An Khang Co, Licogi 13 Co and Trung Chính Co have inked a deal to develop the second phase of the Suối Cam tourism complex in the province. Covering nearly 160ha in Tân Phú and Tiến Thành districts, the complex will have more than VNĐ1.78 trillion (US$76.4 million) once completed. In his speech at the signing ceremony, the committee’s vice chairman…

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PM calls on Việt Nam, Norway to expand economic cooperation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Prime Minister Nguyễn Xuân Phúc (left) meets Vietnamese business delegates at the Việt Nam-Norway Business Forum on Friday. — VNA/VNS Photo Thống Nhất OSLO — Prime Minister Nguyễn Xuân Phúc highlighted potentials for Việt Nam and Norway to enhance economic cooperation, especially in renewable energy, industry and aquaculture, at the Việt Nam – Norway Business Forum in Oslo on Friday. Addressing at the event as part of the activities in his ongoing official visit to Norway, the Government leader said that the bilateral political relations in recent years have…

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