The upcoming Vietnam Digital Economy Forum (VDEF) 2018 will include special sessions which focus on Vietnam’s digital economic perspectives, featuring local and international keynote speakers. The VDEF 2018, whose theme is “Challenges and strategic solutions for small- and medium-sized enterprises (SMEs) in the Fourth Industrial Revolution,” will take place on Thursday, November 1, at the Rex Hotel in District 1, HCMC. The forum is co-sponsored by the Association of Vietnam Scientists and Experts, and Quang Trung Software City, as well as by the HCMC People’s Committee. Some 20 policy makers and leading experts at home and abroad from the digital economy industry, together with 500 guests from ministries, organizations and enterprises, are expected to join this event. The Fourth Industrial Revolution has been impacting the structures that make up the foundations of the global economy and society. Every day, millions of people benefit from innovative products and … [Read more...] about BUSINESS NEWS IN BRIEF 1/11
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BUSINESS IN BRIEF 9/7
HVN’s auto segment lacklustre Japanese Honda Vietnam’s car business has made little headway in the local market despite the company’s success in the motorbike trade. Last week Honda Vietnam (HVN) launched its ninth-generation Accord in the Vietnamese market at a price of VND1.49 billion ($70,900) per unit. Honda’s Accord model is one of the most successful HVN cars across the world with 19 million units sold by 2012 since its debut in 1976. In Vietnam, sales of the Accord have remained modest with just over 200 sold since the car’s local debut in 2011. While the company has attributed low sales to objective factors such as the Japanese earthquake and tsunami and serious flooding in Thailand in 2011 that affected supply, in fact HVN’s business in the Vietnamese market is unimpressive. Direct rivals of the Accord in the local market are the Toyota Camry, Mazda 6 and Nissan Teana, which posted solid sales figures last year. Accordingly, last year … [Read more...] about BUSINESS IN BRIEF 9/7
BUSINESS IN BRIEF 19/12
Teenagers with assets can open bank accounts on their own Individuals aged between 15 and 18, who own separate assets, will be allowed to independently open and operate bank accounts without seeking approval from their parents or guardians. A draft circular on the issuance, use and payment of bank cards recently released by the State Bank of Viet Nam (SBV) states that these individuals may be permitted to open and manage their own accounts in commercial banks and foreign bank branches. Once approved, the circular will replace Decision No 20/2007/QD-NHNN, issued in 2007, which only allows people aged 18 and above to own bank cards. The draft circular also proposes that individuals aged 11 to 14 may own bank cards, which will function as sub-cards of the primary cards held by their parents or guardians. The SBV disclosed that 77.3 million bank cards were issued by 50 card-issuing organisations until the end of October. Moreover, nearly 15,900 ATMs and more than 164,000 points of … [Read more...] about BUSINESS IN BRIEF 19/12