Digital economy rankings

Thua Thien Hue Smart City Monitoring and Operation Centre (Hue IOC) has been operating since the beginning of 2019. The province has been evaluated as one of the leading localities in the country in digital transformation. (Photo courtesy of VINASA) Hanoi (VNS/VNA) - The Digital Transformation Week 2022 is set to take place in the central province of Thua Thien-Hue on August 17. Themed “Digital transformation creates momentum to accelerate socio-economic development”, the event is expected to attract the participation of 50 speakers, more than 100 small- and medium -sized enterprises (SMEs) registering to attend digital transformation training, over 1,000 delegates attending conferences and some 3,000 delegates participating in exhibitions. The event which will be co-organised by the People’s Committee of Thua Thien-Hue and the Vietnam Software and IT Services Association (VINASA) is one of the province’s activities to respond to the national digital transformation day … [Read more...] about Digital transformation week 2022 to be held in Thua Thien-Hue

Themed “Digital transformation creates momentum to accelerate socio-economic development,” the event is expected to attract the participation of 50 speakers, more than 100 small- and medium-sized enterprises (SMEs) registering to attend digital transformation training, over 1,000 delegates attending conferences and some 3,000 delegates participating in exhibitions. The event which will be co-organized by the People’s Committee of Thua Thien Hue and the Vietnam Software and IT Services Association (VINASA) is one of the province’s activities to respond to the national digital transformation day which will be held on October 10. It will have many activities such as four conferences, three in-depth seminars, exhibitions and launching of digital solution platforms, signing digital transformation cooperation agreements between businesses and the province’s departments and agencies. As a locality with strong culture and heritage, Thua Thien Hue will organize a separate conference on … [Read more...] about Digital transformation week 2022 to be held in Thua Thien Hue

The central city topped the ranking for cities and provinces, scoring 0.6419 points, 0.1545 higher than the 2020 ranking released last year. Thua Thien Hue came in second place again with 0.5872 points, and Ho Chi Minh City climbed two spots to rank third. The top ten also included Bac Ninh, Lang Son, Ninh Binh, Quang Ninh, Thai Nguyen, Binh Phuoc and Bac Giang. The Ministry of Finance led the rankings of 17 ministries and ministry-level agencies providing public services, gaining 0.6321 points, 0.13 higher than the previous ranking. It was followed by the Ministry of Planning and Investment and Vietnam Social Security. Also in the top ten were the State Bank of Vietnam, the ministries of Trade and Industry; Information and Telecommunications; Environment and Natural Resources; Culture, Sports and Tourism; Transport; and Home Affairs. Claiming 0.4736 points, the Vietnam Academy of Science and Technology rose two spots to rank first among nine ministries and ministry-level … [Read more...] about Da Nang, Finance Ministry top Digital Transformation Index

Singapore remained Vietnam’s largest investor among ASEAN countries with 2,959 valid projects worth $70 billion, accounting for 16.3% of the country’s total FDI commitments. Vietnam expects to push for a stronger strategic partnership with Singapore and look for the latter’s experience in building an independent economy with active integration into the global economy. Prime Minister Pham Minh Chinh and Singapore's Ambassador to Vietnam Jaya Ratnam. Source: VGP Prime Minister Pham Minh Chinh gave the remarks during a meeting with Singapore’s Ambassador to Vietnam Jaya Ratnam and CEO of Temasek fund Ng Boon Heong on August 2. At the meeting, Prime Minister Chinh expressed his delight at the strong Vietnam-Singapore strategic partnership in various fields, especially economy-trade-investment, amid growing global uncertainties. In 2021, bilateral trade hit $8.3 billion, up 23% year-on-year, and the turnover was estimated at $4.75 billion during the first six … [Read more...] about Vietnam seeks Singapore’s experience for sustainable growth

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. Overview of the event. Photo: Nguyen Tung Country Director for the World Bank in Vietnam Carolyn Turk revealed the figures at the launch of its bi-annual economic outlook for Vietnam titled “Taking Stock: Educate to Grow” today [August 8]. According to Turk, the global economy has been experiencing a series of very large and negative shocks, including ongoing Covid-19-related disruptions and supply shocks associated with the Russia-Ukraine conflict. In this context, Vietnam’s economy has shown “relative resilience and staged a strong rebound after last year’s Covid-19 induced slowdown,” Turk said. Vietnam’s economic … [Read more...] about Vietnam’s GDP growth set to expand by 7.5% in 2022: World Bank

They are Petrovietnam Gas Corporation (PV Gas), PetroVietnam General Service Joint Stock Corporation (Petrosetco), PetroVietnam Fertilizer and Chemicals Joint Stock Corporation (PVFCCo), and PetroVietnam Camau Fertilizer JSC. PV Gas is at the ninth place in the list this year. This is the 10th consecutive year that the company has been honoured in the list. The company posted record revenue and profit in the first six months this year, with net turnover at 54.342 trillion VND (2.32 billion USD at current exchange rate), up 35% year on year and after-tax profit at 8.637 trillion VND, up 98% year on year. In the period, PV Gas produced and supplied more than 1 billion tonnes of LPG, accounting for 70% of the domestic gas wholesale market. Meanwhile, it is the sixth time PVFCCo has made its way onto the list. The company has maintained its growth in the first half of this year, posting revenue of around 10 trillion VND and parent company’s pre-tax profit of over 4 trillion VND. The … [Read more...] about Four subsidiaries of PetroVietnam named in Forbes Vietnam’s list of top 50 listed firms

Decarbonisation Sustainability is now on the main agenda of countries, also be a social license for companies. Multinational real estate firms such as Frasers Property are in a privileged position to play a major role in reducing their carbon footprint. In line with group-wide sustainability goals, Frasers Property Vietnam is making significant progress towards its main sustainability goals. These are: being a net-zero carbon corporation by 2050; being climate-resilient and establishing adaptation and mitigation plans by 2024; green-certifying 80 per cent of its owned and asset-managed properties by 2024; financing the majority of its sustainable asset portfolios with green, sustainable financing by 2024; and training all of its employees on sustainability by 2021. Frasers Property recognises that emerging technologies and solutions will be critical to help the company accelerate its sustainability goals, so it is an ongoing journey to keep track of these possibilities and … [Read more...] about Frasers property towards 4Ds perspective