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Vietnam Fintech Summit 2024 (VFS): Accelerating Innovation and Collaboration in Financial Technology

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HAI PHONG, Vietnam, Nov. 27, 2024 /PRNewswire/ — Vietnam Fintech Summit 2024 (VFS) took place on November 26, 2024 at Pullman Hotel, Hai Phong. This is an activity within the framework of the National Creative Startup Day 2024 event series organized by the Ministry of Science and Technology in coordination with the People’s Committee of Hai Phong City with the common goal of promoting connectivity, joining hands to develop the Vietnamese creative startup ecosystem (Together accelerating Viet Nam‘s startup ecosystem), increasing the attraction of domestic and foreign resources to develop the type of enterprise operating based on the exploitation of intellectual property, technology and new business models (startups).

The VFS event was co-organized by the Vietnam Software and IT Services Association (VINASA) and the Fintech Community – Techfest Vietnam, in collaboration with two leading technology communities in Asia – APAC DAO and Tech Vietnam Advocates, bringing together hundreds of leaders, entrepreneurs and financial technology experts at home and abroad, joining hands to promote innovation and sustainable development in the Fintech field. According to the welcoming speech of Dr. Pham Hong Quat, Director of the Department of Market Development and Science and Technology Enterprises, Ministry of Science and Technology, this year’s event has been upgraded from a community event to an international event, with depth and expertise, helping to further promote the innovation ecosystem in Hai Phong in particular and Vietnam and the region in general.

Potential for Fintech Development in Vietnam

As one of the fastest growing Fintech markets in the region, Vietnam currently stands out with over US$19 billion in total electronic payment transaction value and is the second largest market in ASEAN in terms of Fintech financial volume. The Fintech market value in Vietnam has increased from US$0.7 billion in 2016 to US$4.5 billion in 2022, with transaction volume increasing by more than 150% during this period and currently serving over 29 million users (according to Vietnam Plus)

The Vietnam Fintech Summit International Conference provides an ideal opportunity for Fintech startups to gain a deeper understanding of the Vietnamese financial market and connect with leading financial technology experts from around the world.

With many in-depth discussions and panels revolving around Fintech industry topics such as Open Banking trends, Open API cooperation, technology applications in cashless payments, the role of technology in expanding access to financial services for end users, and AI applications in the financial sector, more than 15 leading speakers from Prudential AI Labs, TMA Solutions, Indonesia Fintech Association, MBBank, Credos Partners and AthenaFS… shared practical lessons and international experiences to promote sustainable development and open up many cooperation opportunities in Vietnam’s Fintech ecosystem.

Participation of prestigious partners and leading experts

Vietnam Fintech Summit 2024 is proud to have the participation and support of prestigious organizations in the fields of finance and technology, including two leading technology communities in the APAC region, DAO and Tech Vietnam Advocates, with a network of more than 40,000 experts; 5,000 technology enterprises in Asia and the region.

The conference brings together more than 30 leading Fintech community partners such as the African Fintech Network, iDEA Digital Finance Association Alliance, Digital Finance Association Alliance, Indonesia Fintech Association, Cambodia Finance and Technology Association, Cyberport – Hong Kong government’s innovative startup incubator, Digital Pilipinas (Philippines), Global Fintech Institute (Singapore), Global Tech Advocates, Hong Kong Financial Industry Association, Luxembourg Department of Financial Technology, Philippines Fintech Association, Startup Vagabond, Tech Malaysia Advocates, Tech Singapore Advocates, Thailand Fintech Association, Global Impact Fintech Forum, Vietnam – Switzerland Economic Forum. Malaysia Fintech Association, Australia Fintech Association, Daejeon Center for Creative Economy & Innovation (DCCEI, Korea), BRICS Chamber of Commerce and Industry, TechSauce Thailand, official global PR publisher PRNewswire, Vietnam Silicon Valley Capital, Silicon India (India) and Vietnam CIO community. We would like to sincerely thank the valuable support from more than 30 domestic and foreign partners for the Vietnam Fintech Summit event.

Introduction to the organizers and collaborators of Vietnam Fintech Summit 2024

Co-organizers:

Vietnam Software and Information Technology Services Association (VINASA):

VINASA is a non-governmental, non-profit organization representing more than 600 enterprises in the field of software and information technology (IT) services in Vietnam. VINASA members include famous companies such as VNPT, Mobifone, Viettel, FPT, CMC, TMA, Harvey Nash, Global Cybersoft and many others. VINASA members account for 70% of the IT workforce and contribute 70% of the value of software products nationwide, making an important contribution to the development of Vietnam’s digital economy. Every year, VINASA organizes many of the largest IT programs in Vietnam such as the Vietnam – Asia Digital Transformation Summit, Vietnam – Asia Smart City Conference; major awards such as Sao Khue Award, Vietnam Smart City Award,… VINASA is also a member of many of the largest IT organizations in the region and the world such as ASOCIO, APICTA, WITSA.

Fintech Community – Techfest Vietnam:
Fintech Community – Techfest Vietnam is a platform to connect and promote innovation from startups, especially in the field of financial technology. Adapting to the new normal context, the Fintech community focuses on expanding access to knowledge and global connections, attracting domestic and overseas Vietnamese experts, intellectuals, and entrepreneurs. This is a pioneering community in promoting financial technology solutions to support sustainable economic growth in Vietnam.APAC DAO:
APAC DAO is the leading B2B technology community in the Asia-Pacific region, growing strongly with more than 3,000 members, 800+ projects and operating in 15+ countries. With the strength of the community and the ability to connect, APAC DAO has created a great influence, reaching more than 4 million technology enthusiasts through a network of member communities, contributing significantly to the development of the technology ecosystem in the region.Tech Vietnam Advocates:
As a branch of Global Tech Advocates, Tech Vietnam Advocates is part of a global network of more than 40,000 technology leaders in more than 40 countries. Known as a founding member of London Tech Week, Global Tech Advocates has been expanding its global influence by supporting innovative technology initiatives, promoting cooperation and knowledge exchange in the global technology sector.

Vietnam Fintech Summit 2024 is an important event that not only connects domestic experts but also opens up opportunities for cooperation and growth in the field of financial technology for Vietnamese businesses and startups with the international market. Closing the 2024 event, the Organizing Committee has prepared an implementation plan for the 2025 event on a larger scale to strongly promote and develop the potential of the Fintech ecosystem in Vietnam, helping to elevate Vietnam to become the cradle of financial technology in the region.

Contact information

For more information, please contact:
Ms. Nguyen Thi Hai Thanh, Representative of the Organizing Committee
Email: vnfintechfestival@gmail.com
Information and images of past and upcoming events at https://vietnamfintechsummit.com/.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/vietnam-fintech-summit-2024-vfs-accelerating-innovation-and-collaboration-in-financial-technology-302317411.html

SOURCE Vietnam Fintech Summit & APAC DAO

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Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

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New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

 

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

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Socomec, Daitron team up to meet Japan’s growing power demands

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TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/socomec-daitron-team-up-to-meet-japans-growing-power-demands-302755570.html

SOURCE Socomec

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Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

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Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel 

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/multi-destination-travel-surges-across-asia-pacific-this-labour-day-tripcom-group-data-shows-302756711.html

SOURCE Trip.com Group

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