Page 51 - Layout 1

CORPORATE NEWS %

G BE GROUP PARTNERS WITH VPBANK H pany (VAM), which will be renamed the UOB G PANASONIC & GRAB TEAM UP H
Asset Management (Vietnam) Fund Man-
agement Joint Stock Company subject to reg-
ulatory approval. UOBAM will transfer its
knowledge and experience in several respects,
such as sustainable investment, smart beta
strategies, and multi-asset strategies across
the front-, middle- and back-offices. These
include the adoption of technologies, such
Ride-hailing company Be Group has recently as data analytics and artificial intelligence in The Panasonic Corporation and Grab
partnered with VPBank to introduce Cake, a operational processes and product distribution announced on January 14 they will cooperate
new solution for e-banking. The first digital channels. “Vietnam is a rising star in ASEAN in an integrated campaign aimed at providing
bank appearing on the interface of a ride- and we are pleased to be able to bring our better in-car air quality to GrabCar users in
hailing app in Vietnam, Cake provides a variety suite of fund solutions to local institutional Southeast Asia. In Vietnam, 2,000 Grab cars
of products and services similar to a traditional and individual investors,” said Mr. Thio Boon in Hanoi and Ho Chi Minh City will be
bank. One of its most notable features is the Kiat, Group CEO of UOBAM. “The expertise equipped with nanoe™ X generators, providing
eKYC (electronic Know Your Customer) sys- of our new Vietnam office will also comple- clean air and a comfortable ride in Grab vehi-
tem. This helps customers settle contracts ment our broader strategies in ASEAN equity cles. The nanoe™ X generator, which will be
digitally with just a digital signature and then and fixed income funds and investment man- installed in GrabCar Premium vehicles, is
quickly open an account online. All products dates, enriching our product offering for powered by a USB port and is compact enough
and services provided by Cake are licensed investors and creating more cooperative to fit in a car cup holder, making it easy to
by the State Bank of Vietnam through VPBank. opportunities with partners across Asia.” clean the air inside the vehicle. The partnership
“Be Group understands that e-banking does was announced to mark Panasonic’s 50th
not simply stop at new payment methods but anniversary of official operations in Vietnam
also encompasses new technology that can (1971-2021) and is a great opportunity for
be integrated into our everyday lives through both to make use of each other’s strengths
essential devices,” said Ms. Nguyen Hoang and improve sales. “We decided on this part-
Phuong, CEO of Be Group. “This enables us nership as one of our actions to improve peo-
to offer a suitable financial solution for the ple’s lives and solve new social issues,” said
betterment of people’s lives.” Mr. Marukawa Yoichi, General Director of
Panasonic Vietnam. “We believe that Pana-
G PENM IV TO CONCLUDE TASECO SHARE PURCHASE H G HOSPITALITY TRAINING DEAL SIGNED H sonic’s solution to air quality in the context
HNAAu and Chefjob.vn signed an MoU with of the Covid-19 pandemic has led to mean-
eleven restaurants and 4 and 5-star hotels in ingful cooperation with Grab and the coop-
Hanoi on January 19: the Hyatt Regency West eration today.”
Hanoi, the Melia Hotel Hanoi, the InterContinental
Hanoi Landmark 72, Dolce Hanoi Golden Lake, G VIETNAM SOUTH KOREA LINKS STRENGTHENED H
Wyndham Sky Lake Resort & Villas, Hotel de
l’Opera Hanoi - Mgallery, Lotte Hotel Hanoi,
Mercure Hanoi La Gare Hotel, Eastin Hotel &
German investment fund PENM IV Germany Residences Hanoi, Novotel Suites Hanoi, and
GmbH & Co.KG (PENM) will conclude its trans- Novotel Hanoi Thai Ha. The signing confirms
action of 1 million shares in the Taseco Air HNAAu’s commitment to providing and main-
Services JSC (AST) from January 19 to February taining human resources for the development
9. The transaction will increase PENM’s stake of the hospitality industry. “2020 was a year of
in Taseco from 17.42 per cent to 19.64 per cent. many fluctuations because of Covid-19, but our
Prior to the transaction, PENM completed trans- connection with businesses has been maintained
actions of 169,970 shares and 105,910 shares in and we always provide our students with the The Vietnam-Korea Business and Investment
December 2020 and January 2021, respectively. best solutions to develop in the hospitality industry Association (VKBIA), the VKBIA Group Joint
Taseco works in the field of airport commercial and prepare for changes in the market when it Stock Company, and South Korea’s Yongsan
air services in Vietnam. In the third quarter of returns to normal,” said Ms. Nguyen Thi Quynh signed a comprehensive partnership on January
2020, due to the impact of Covid-19, its net rev- Anh, Vice President of HNAAu. With more than 16 in south-central Binh Dinh province on coop-
enue was down 53 per cent year-on-year, standing 20 branches in Vietnam, an average of 30,000 erative marketing, investment promotion attrac-
at VND300 billion ($13.02 million), but PENM’s students trained each year, and connections with tion, business cooperation, and regional coop-
Managing Director Hans Christian Jacobsen more than 2,500 recruiting partners, including eration. They will utilize their strengths in order
believes that “there is a light at the end of the restaurants and 4 and 5-star hotels in Vietnam, to promote investment cooperation opportunities
tunnel.” The investment may last until 2025, HNAAu trains and provides qualified human and connect Vietnam - South Korea trade.
when the PENM IV GmnH fund expires. Mr. resources for Vietnam’s service industry. Together they can expand their businesses in
Jacobsen also told VET that PENM will launch Vietnam and South Korea, and seek opportunities
a new fund for Vietnam, PENM V, this year. to thrive in other countries as well. “We will
introduce Vietnamese and South Korean enter-
G UOB ASSET MANAGEMENT ACQUIRES prises looking for links and investments in the
LOCAL COMPANY H region,” said Mr. Tran Hai Linh, Chairman of
Singapore’s UOB Asset Management VKBIA. “We will also recommend suitable part-
(UOBAM) announced on January 18 that it ners and areas for transferring technology, boost-
has completed its acquisition of the VAM ing investment, and cooperating in Vietnam,
Vietnam Fund Management Joint Stock Com- South Korea, and elsewhere around the world.”

FEBRUARY 2021 | VIETNAM ECONOMIC TIMES | 49