Previously, Vietnam successfully held the 26th Annual Meeting of the Asia-Pacific Parliamentary Forum (APPF-26), the 6th Greater Mekong Sub-region Summit (GMS-6), and the 10th Cambodia-Laos-Vietnam Summit on Development of Triangle Area (CLV-10). The WEF ASEAN 2018 is held in the context that the building of the ASEAN Community has been boosted, and the global and regional situations are undergoing rapid and complex developments while Industry 4.0 is having increasing impacts on various aspects of life. Therefore, the theme of the forum, “ASEAN 4.0: Entrepreneurship in the Fourth Industrial Revolution,” is considered practical and touches upon common concerns of ASEAN and other countries in the region. It also connects with the theme “ASEAN: resilient and innovative” of the ASEAN Year 2018. The forum is attended by senior leaders of ASEAN and countries in the region, leaders of major organizations such as WB, ADB, AIIB, and other groups such as prestigious news … [Read more...] about Solidarity for ASEAN’s development and prosperity
Asean integration definition
WEF ASEAN 2018 will provide vast opportunities for enterprises to learn experience and improve their competitiveness, Photo: Le Toan For years, Truong Gia Binh, chairman of FPT Group – Vietnam’s IT leader – has participated at almost all events within the World Economic Forum (WEF), which is considered a global forum for great ideas by global economic leaders. “More accurately, the WEF should be regarded as a market of ideas, in which FPT can look for partners who are global corporations with new products and novel ideas like Airbus. FPT have seen lots of opportunities from the WEF,” Binh said. Last month, FPT and Intellinet, a US-based purpose-driven management consulting and technology services firm, reached an agreement for FPT to become its major shareholder, expanding FPT’s footprint in the US. This partnership enables both firms to deliver end-to-end strategic IT services on a global scale, helping clients to accelerate their digital … [Read more...] about WEF puts focus on ideas for ASEAN
As Vietnam is going cashless, new payment services are popping up across the market to capture users Photo: Duc Thanh The era of digital payments Some 57 per cent of Vietnamese respondents in a survey carried out by Visa Inc. last year were confident to go cashless for three consecutive days. This percentage was the highest among regional nations, with only 42 per cent of Singaporeans and 37 per cent of Thais stating they were ready to go cashless for the same duration of time. Indeed, there is no need to carry cash around, since the digital payments industry in Vietnam has grown stronger than ever, evidenced by the arrival of foreign mobile payments services like Samsung Pay last September or Apple Pay and other mobile payment platforms that are about to debut here in the upcoming months. According to EY’s ASEAN Fintech Census 2018, in the Asia-Pacific region, social media platforms, e-commerce players, and on-demand service providers–like ride-hailing Grab with … [Read more...] about A cashless economy on the horizon
In a push towards a sustainable future, the private sector must spotlight green projects, Photo: Le Toan Great capital demand According to the United Nations Environment Programme, global capital demand for implementing sustainable development goals is estimated at $5-7 trillion a year, with a $2.5 trillion annual financing gap for key infrastructure sectors and related areas in developing markets. In a bid to shift Vietnam’s economic growth into a sustainable lane from its current carbon-intensive and environmentally-unfriendly expansion, the country would need roughly $30.7 billion by 2020 and possibly $21.2 billion for the following 10 years to support its Intended Nationally Determined Contribution (INC), according to the German development agency GIZ. Some 30 per cent of the credit requirement for green growth would come from the state budget, consisting of central and provincial funds as well as official development assistance (ODA), whilst the remainder will have to be … [Read more...] about Green bonds prop up state eco fund
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?