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% CONTENTS | ISSUE 324, November 2021 Congratulations on Algeria National Day
COVER STORY
Banking counts among the sectors to have benefited
from the push digital transformation has received since
the onset of Covid-19, and its key role in the economy
means it must be at or near the forefront of the
process. Banks, both local and foreign, are very much
on board, as are non-bank players like fintech
providers, while many customers have discovered the
convenience that comes with not only buying and pay-
ing for goods online but also taking care of their fi-
nances with just a few key strokes. Issues remain, but
there’s no question that banking is being transformed.
Editor’s letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 STARTUPS
The latest from the world of startups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42
AT A GLANCE
Leading news from the month at a glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
ANALYSIS
Smoother passage Mr. Shigeyuki Sakaki, Senior Urban Transport
LEADERS
Anti-corruption fight stepped up Fight more widespread as Specialist, World Bank in Vietnam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .43
eliminating the vice still a concern . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
PROPERTY
BIZ GUEST Fluctuating fortunes Real estate business a mixed bag . . . . . . . . . . . . .44
Adapting & innovating Ms. Asha Gupta, Regional President,
Asia, and Chief Strategy & Corporate Development, Amway . . . .20 CORPORATE NEWS
What’s happening in the world of business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46
BUSINESS REPORTS
Less is more; Keen on the bean; Healthy proposition; Provid-
ing protection; Welcome back; At the cutting edge; Road to
revival; Back on the job . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22
DIGITAL BIZ
Great leap forward Vietnam in good position to take the digital
economy to the next level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40 Statistics Updated economic figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50
P I C T U R E S B Y T R A N V I E T T U A N , D E S I G N B Y V E T M E D I A
V I E T N A M E C O N O M I C T I M E S
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ENGLISH LANGUAGE EDITORJohn Harding
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ISSN 2734 - 9683 - LICENCE No. 272/GP-BTTTT ON JUNE 26, 2020, PUBLISHED MONTHLY BY THE VIETNAM ECONOMIC ASSOCIATION, PRODUCED IN VIETNAM AND PRINTED AT TIEN PHONG PRINTING AND COMMERCE JOINT STOCK COMPANY.© ALL RIGHTS RESERVED
www.en.vneconomy.vn NOVEMBER 2021 | VIETNAM ECONOMIC TIMES | 1