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8 of 17 tigers die after being rescued from cages in Nghe An



After the police force in the central province of Nghe An rescued 17 adult tigers illegally raised in cages by two families in Do Thanh commune in Yen Thanh district, Nghe An province, eight of the tigers died.

Senior Lieutenant Colonel Tran Phuc Thinh, head of the Environmental Police Department of Nghe An Police, told the media that the tigers were being temporarily kept at the Muong Thanh Dien Lam ecological tourist site in Dien Chau district.

8 con hổ đã chết sau vụ bắt giữ 17 cá thể hổ nuôi nhốt trái phép ở Nghệ An

The tigers were transported to the Muong Thanh Dien Lam ecological tourist site.

Mr. Tran Van Hai, Deputy Director of Muong Thanh Dien Lam Eco-tourism site, told VietNamNet that 14 adult tigers caught by the police in Do Thanh commune were transported to his tourist site on August 4.

“Five tigers were dead. The main cause has not been determined yet because it may be related to the process of raising, capturing, or transporting,” Hai said.

“The remaining nine tigers show no signs of abnormality. We do not know anything about the three remaining tigers,” he added.

According to information provided by Senior Lieutenant Colonel Tran Phuc Thinh, besides the five dead tigers at the eco-tourism site, three tigers that were moved to other places also died.

Why did 8 adult tigers die?

8 con hổ đã chết sau vụ bắt giữ 17 cá thể hổ nuôi nhốt trái phép ở Nghệ An
Lực lượng Công an Nghệ An xác nhận có 8 cá thể hổ chết bất thường

To capture the 17 tigers kept in captivity in Nghe An, relevant agencies had to use anesthetics, tie their legs and put the tigers in an iron cage to be transported by trucks. However, the cause of deaths of the eight tigers is unknown.

Nguyen Van Binh, head of the Legal Division of the Nghe An Provincial Forest Protection Department, said that specialized agencies organize monthly inspections but they had not detected tigers in captivity. The 17 tigers in captivity were found by the Nghe An Police.

“To take the tigers out of the cage, veterinarians had to use anesthetic. The Forest Protection Department was only summoned to witness, coordinate and monitor in necessary cases,” Binh said.

Senior Lieutenant Colonel Tran Phuc Thinh, head of the Environmental Police Department of Nghe An Provincial Police, said that the investigation of illegal farming of tigers in Do Thanh commune started in 2020. After collecting enough evidence, the police decided to finish the case on August 4, discovering 17 tigers raised by two households.

Regarding the eight dead tigers, Thinh said that they are considered evidence, so the tigers are being stored in the freezer for further investigation.

Thinh said that whether the anesthetic process was related to the death of 8 tigers has yet to be determined.

Nguyen Van Thai, Director of the Save Vietnam’s Wildlife (SVW), said that the death of tigers during the rescue process was an unexpected event. The most important thing in wildlife protection is to arrest wildlife traffickers and those who trade and raise wild animals in captivity.

According to Thai, the rescued tigers cannot be released back to nature because they have been kept in captivity for a long time and their ability to hunt in the wild and survive is has been affected.

On August 6, Save Vietnam’s Wildlife awarded a total of VND90 million to the Department of Environmental Police of Nghe An Province and several individuals involved in the rescue of the 17 tigers.

Quoc Huy



Vietnam among world’s earliest in banking digital transformation: forum

Vietnamese banks are among the earliest in the world to make the digital transformation, experts have said.



Speaking at the Financial Services – Retail Banking Forum in Ho Chi Minh City last week, Vu Viet Ngoan, former chairman of the National Financial Supervisory Commission, said the habit of using digital products had become more prevalent than ever in Vietnam.

More than 30% of the population uses banking apps, second globally only after China (41%), according to Ngoan.

Vietnam’s banking and financial sectors would continue to play a key role in establishing a “fully digitised, human-centred system”.

He also pointed out that the digital transformation in the country would be an important process of how banks and financial institutions analyse, interact and satisfy their customers.

The government has set a target of increasing financial inclusion to cover more than 80% of the adult population by 2025.

Phan Thanh Duc, dean of the management information system faculty at the State Bank of Vietnam’s (SBV) Banking Academy, said Vietnam had recorded a surge in digital payment everywhere from online marketplaces to small convenience stores and even vegetable and fruit vendors.

Le Duc Anh, director of the Ministry of Industry and Trade’s Centre for Information and Digital Technology, pointed out that technologies such as blockchain, AI, cloud computing, machine learning, and customer data collection, management and analysis were being adopted.

The banking sector had invested over 15 trillion VND (639.22 million USD) in digital transformation as of the end of last year, according to a report by the SBV.

Digital payments have been growing at 40% for the last four years, one of the world’s fastest digital transformation rates.

According to the report, more than 95% of Vietnamese banks have a digital transformation strategy.

Around 90% of banking transactions are handled through digital channels with 74.6% of adults having a bank account.

As of March around 3.71 million mobile money (or mobile payment) accounts had been opened, over 70% in rural, remote and disadvantaged regions across the country.

Non-cash payments have also seen significant growth, with 82 credit institutions offering internet-based payment services and 51 offering mobile payment services as of the end of last year.

There are 48 licensed intermediary payment organisations.

Digital transformation has helped banks bring down the cost-to-income ratio to 30%, on par with regional and international standards.


But experts say the legal framework for digital financial services is inadequate. 

It is vital to improve institutional frameworks and upgrading infrastructure, they say.

The lack of human resources with up-to-date skills is another major challenge to digital transformation, they warn.

Organised along with the forum was a fair introducing the advancements needed for the financial industry’s digital transformation.

The event was hosted by the Vietnam Association of Securities Business, the Vietnam Digital Communications Association, and the International Data Group.

Source: Nhân Dân


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Vietnam’s first unicorn VNG reports VND1,500 bln after-tax loss in 2022

Vietnamese tech giant VNG Corporation recorded an audited after-tax loss of VND1,534 billion, an increase of VND220 billion compared to its independent report.



The fact that the unicorn recorded more expenditures connected to taxes, intangible fixed assets, and allowance for financial investment activities led to the greater loss after taxes that the company experienced.

VNG aimed for a revenue of VND 10,178 billion in 2022 and anticipated a loss of VND993 billion after accounting for taxes. Therefore, the management unit of Zalo has merely met about 77% of the revenue plan, and the loss after taxes surpasses the projections.

The company recorded a loss of more than VND90 billion after taxes for the first quarter of 2023, with a net loss of more than VND40 billion during the same time period. The increase in net revenue to 1,852 billion Vietnamese Dong was 11% more than the same time the previous year.

The majority of the reason for VNG’s loss in the first quarter of 2023 stems from the fact that the firm is still under pressure from huge operational expenditures. The selling expenses for the company totaled VND544 billion, and the administrative expenses totaled VND337 billion. On the other hand, as of the end of March 2023, the total amount of the company’s undistributed profit after taxes amounted to VND 5,052 billion.

VNZ shares have been subject to trading restrictions since May 25 on the Hanoi Stock Exchange. This is because the company was late in filing its audited financial accounts for 2022 by more than 45 days, which is in violation of the laws. The trading of shares will take place solely on Fridays.

With a price of VND 771,900 per share as of the market’s close on May 29, VNZ continues to be the most expensive stock on the stock exchange.


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India car rental app Zoomcar leaves Vietnam after 1.5 years

India’s car rental app Zoomcar will leave Vietnam from end-May, 1.5 years after its debut in the Southeast Asian country in October 2021, the business announced Tuesday.



For customers, the app stops service from May 24, and will serve any bookings dated before May 24. Zoomcar will fulfill its obligations of payments to car owners normally until June 30.

In Vietnam, Zoomcar initially operated in Ho Chi Minh City and had plans to expand to Hanoi and Danang in 2023, as part of its target to become the biggest car rental service in Vietnam, said Zoomcar Vietnam CEO Kiet Pham. Vietnam’s car rental market, with a compound annual growth rate (CAGR) of 14%, can reach $884 million in 2027, he added.

The business attributed the decision to the market dynamics and projected complicated developments.

The car rental market in Vietnam has recently witnessed many new players, leading to fierce competition.

In March, Pham Nhat Vuong, chairman of Vietnam’s largest private conglomerate Vingroup, set up a new company, named GSM (Green-Smart-Mobility) JSC, offering electric car and motorbike rental and taxi services. It is the first green and integrated transport service model deployed in the world to popularize an electrified mobility experience, according to the company.

In December 2021, MoMo, a top e-wallet app in Vietnam, launched its car rental service. The move was in cooperation with Mioto, a HCMC-based car rental business. MoMo said its service would deliver cars to users’ homes and is available across major cities and provinces of Vietnam.

Foreign businesses also participate in the market. In 2017, MP Executives and Enterprise Holdings Inc. formed a partnership to launch Enterprise Rent-A-Car in Asia Pacific, starting with Vietnam. Enterprise Rent-A-Car is among the largest transportation solutions providers in the U.S.

In 2019, U.S. car rental business Hertz returned to Vietnam with initial operation in HCMC, after first-time operation in 2012. The Vietnamese franchisee, named New City Rent A Car, aims to serve foreigners in Vietnam and businesses with long-term demand to hire cars for staff.

Source: The Investor


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