Online Friday 2021 to open on December 3 The Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on November 26 announced an e-commerce week and the Vietnam Online Shopping Day – Online Friday 2021. The Online Shopping Week will be held from November 27 to December 5 while the Vietnam Online Shopping Day – Online Friday 2021 is scheduled for December 3 nationwide. Vietnam will work toward incorporating its Online Shopping Day with the online shopping event in the region to catch up with trans-border e-commerce trend as well as step up cashless payment, thus laying a foundation for authorities to suggest policies in support of enterprises in promotional activities. Consumers across the country could visit the website https://onlinefriday.vn and Online Friday app to acquire information about discounts and promotion programmes by participating firms and shop at websites and apps of others. The online shopping day was started in 2014./. …
Grab’s $40 bln Nasdaq debut to set tone for Southeast Asian tech listings
Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings. The backdoor listing on Nasdaq marks the high point for the nine-year-old Singapore company that began as a ride-hailing app and now operates across 465 cities in eight countries, offering food deliveries, payments, insurance and investment products. The biggest U.S. listing by a Southeast Asian company follows Grab's April agreement to merge with U.S. tech investor Altimeter Capital Management's SPAC, Altimeter Growth Corp and raise $4.5 billion, including $750 million from Altimeter. There is scope for many players in the fragmented food delivery and financial services markets in Southeast Asia, a region of 650 million people, but the road to profitability could be a long one, analysts say. Grab's flotation "will provide a bigger …
Continue Reading about Grab’s $40 bln Nasdaq debut to set tone for Southeast Asian tech listings →
Vietnam has yet to receive signal from NanoDragon satellite
They are ARICA test satellite developed by Aoyama Gakuin University of Japan and Vietnam’s NanoDragon satellite. Studied, designed and manufactured in Vietnam, NanoDragon was successfully launched into outer space at a height of 560km from the Uchinoura Space Centre in Japan's Kagoshima prefecture on November 9. Before the launch, NanoDragon underwent four rounds of safety inspection by the Japan Aerospace Exploration Agency (JAXA) with the strictest standards and important environment, shock and functional tests. It also passed rounds of examination in Vietnam and was sent to Japan for launching under JAXA’s plan on August 6. All tests in Japan were closely monitored by its developer VNSC, the Kyushu Institute of Technology, JAXA, High-Reliability Engineering and Components Corporation (HIREC) and MEISEI – partner of VNSC in Japan and supplier of test equipment for NanoDragon. VNSC also discussed eventualities that could happen to NanoDragon and sought measures with MEISEI and …
Continue Reading about Vietnam has yet to receive signal from NanoDragon satellite →
VIETNAM BUSINESS NEWS NOVEMBER 28
November CPI up 0.32 percent The Consumer Price Index (CPI) in November was up by 0.32 percent compared to October, according to the General Statistics Office (GSO). It was driven by the hikes of prices of petrol and gas across the globe, as well as consumer goods and services in localities in the new normal. Among 11 groups of main commodities and services, nine experienced rising prices. In the first 11 months, the CPI went up 1.84 percent compared to the same period last year, the lowest level since 2016, attributed to the fuel price hikes by 30.32 percent year-on-year, after 20 adjustments. Housing and construction materials posted a year-on-year expansion of 6.8 percent and education grew 2.44 percent. Meanwhile, foodstuff inched down 0.52 percent and electricity prices dropped 1.06 percent against the same period last year. As COVID-19 prompted travel restrictions, air ticket prices fell 21.39 percent while travel package slipped 2.42 percent. Core inflation in …
VIETNAM BUSINESS NEWS DECEMBER 2
Vietnam among markets driving future trade growth: Standard Chartered A recent research by Standard Chartered has listed Vietnam among the 13 markets driving future trade growth, and with its enhanced integration into the global economy, the country is holding numerous advantages for bolstering export. In its research, titled “Future of Trade 2030: Trend and markets to watch”, the bank forecast Vietnam will record an average annual exports growth rate of 7 percent to earn 535 billion USD in revenue in 2030. Notably, up to 41 percent of the global firms surveyed by Standard Chartered are operating in Vietnam or planning to invest in the country in the next five to 10 years. The US and China will remain the largest export markets of Vietnam, respectively accounting for 26 percent and 19 percent of the Southeast Asian country’s total exports by 2030. Meanwhile, shipments to India are also projected to grow fast, by 11 percent annually between 2020 and 2030. With …
Vietnam DX Summit: Vietnam’s awareness of digital transformation enhanced
The event is held online by the Vietnam Software and IT services (VINASA) in collaboration with several units, and is broadcast on media platforms for three days. This is an opportunity for ministries, sectors, localities and businesses to exchange ideas, and discuss and propose solutions to make Vietnam go faster on the national digital transformation journey. Deputy Minister of Information and Communications Nguyen Huy Dung said that 2021 is the first year implementing the socio-economic development plan for 2021-2025, and also the year Vietnam has to face many difficulties and challenges caused by the COVID-19 pandemic. In the current context, digital transformation has become an inevitable trend and a new driving force to promote socio-economic development, thus contributing to driving back the pandemic. At the national level, the National Committee for Digital Transformation has been established on the basis of consolidating the National Committee on E-Government, making …
Continue Reading about Vietnam DX Summit: Vietnam’s awareness of digital transformation enhanced →