Microsoft and SAP promote co-operation Microsoft Viet Nam and SAP announced their partnership. Microsoft Viet Nam and SAP – one of the global leaders in enterprise software – on Friday announced a strategic partnership. This mutual collaboration aims to propel Viet Nam’s Industry 4.0 by providing integrated offerings from both companies for enterprise customers in Viet Nam to be able to drive more business innovation in the cloud. This collaboration will also help accelerate SAP and Microsoft’s cloud business growth in Viet Nam. As leaders in enterprise software, SAP and Microsoft are aligning closely to provide companies in Viet Nam with the safe and trusted path to digital transformation. SAP and Microsoft are moving ahead in bringing SAP’s various software and services to Azure. The two tech giants will also co-engineer, go to market together with premier solutions and provide joint support services to move forward to the best cloud … [Read more...] about BUSINESS NEWS IN BRIEF 24/3
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The number of foreign visitors travelling to Vietnam in February reached more than 1.5 million, a monthly record attributable to the second DPRK-USA Summit on February 27-28 in Hanoi. In the first two months of this year, the country welcomed more than three million foreign tourists. The number of Asian visitors, such as China, the Republic of Korea (RoK) and Japan reached over 2.3 million, accounting for 75.2 percent of total foreign arrivals in the first two months, up 9.4 percent year on year. Visitors from mainland China numbered 889,900, the largest number of foreign tourists to Vietnam, but the figure was down 1.3 percent year on year. Visitors from the RoK and Japan increased by 24.6 percent and 9.5 percent to 772,200 and 150,800, respectively. In addition, those from the American continent reached 208,600, up 4.6 percent, including 158,100 from the US, an increase of seven percent. This is an optimistic signal for the Vietnamese tourism sector at the start of the year. Dinh … [Read more...] about Trump-Kim summit: A boon for Vietnam’s tourism development
At the Youth Entrepreneurship Forum 2018 last month, Minister of Information and Communication Nguyen Manh Hung suggested that the Prime Minister should soon recognize English as the second official language of Vietnam to help startups reach out to the world. The proposal stirred a heated discussion on social media and prompted numerous professionals to pitch in with their views and opinions. While some welcomed the idea and supported widespread use of the language in Vietnam, others were wary of the cultural, legal and other implications of formalizing it as an official language. Everyone agreed that it was good to improve English use and fluency in the country, so the debate boiled down to whether declaring and using it as an official language was a feasible, practical option for Vietnam. Professor Chung Hoang Chuong, who has juggled teaching at the University of California and doing research in Vietnam, was optimistic about Vietnam having two official languages. Chuong, currently a … [Read more...] about English as an official language in Vietnam: would it work?
SCB signs deal with three Hong Kong banks Saigon Joint Stock Commercial Bank (SCB) and three Hong Kong banks on Monday signed a co-operation agreement on syndicated credit financing. Under the agreement, SCB, Hang Seng Bank Limited, Chong Hing Bank Limited and The Bank of East Asia Limited committed to support financial investment and ensure a stable financing source for Union Square Company Limited, which operates in the field of real estate. The signing was made within the framework of an investment development co-operation event held by the Viet Nam Chamber of Commerce and Industry (VCCI) in co-ordination with Hong Kong Trade Development Council (HKTDC) in HCM City on Monday. Also at the event, the four banks signed a strategic agreement for comprehensive and long-term co-operation in exchanging experience on investment and financial management, increasing business relations, conducting research and investment, and especially providing credit to local and foreign … [Read more...] about BUSINESS NEWS IN BRIEF 26/8
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8