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Asia Pacific Spending on IT, Business Services Exceeds US $3B in a Quarter for First Time

Asia Pacific Spending on IT, Business Services Exceeds US $3B in a Quarter for First Time Both cloud-based and traditional managed services at record quarterly highs SYDNEY (BUSINESS WIRE) $III#AsaService Asia Pacific’s spending on IT and business services surpassed US $3 billion for the first time in a quarter, with record levels of spending in Q2 for both cloud-based and traditional managed services, according to the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The Asia Pacific ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of US $5 million or more, shows the region generated US $3.4 billion in combined-market ACV in the second quarter, up 59 percent against a soft quarter last year at the outset of the pandemic, and up 35 percent from the first quarter.

Bank deposit interest rates not to rise too much: analysts​​​​​​​ - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

According to VnDirect Securities Company, in May small private banks hiked deposit interest rates by  3-4 per cent but not large ones. It took until June for the race to begin in earnest and the rest to join. Vietcombank, the country’s largest lender, increased interest rates on deposits of less than 12 months by 0.2 percentage points, which brought them, until then the lowest in the industry, on par with those offered by other state-owned banks. Analysts said since June COVID-19 vaccination programmes have been undertaken nation-wide, bringing hope that the pandemic would soon be controlled and economic activities would recover, which would increase demand for credit.

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