The Hanoitimes - The biggest-ever event is expected to bring foreign investors to Vietnam and innovate sustainability for Vietnamese startup ecosystems. The Hanoi Innovation Summit is a brand new international event held for the first time in Hanoi, attracting more than 100 international speakers, hundreds of domestic and foreign innovators, investors and startups, and more than 3,000 attendees. Hanoi Innovation Summit - the biggest-ever event attracting global innovators and investors to Vietnam. Photo: HIS Taking place on August 29-30, the summit is co-created by two France-based companies Schoolab and Startup Sesame, and is co-hosted by the Hanoi People’s Committee and the Ministry of Planning and Investment. Major tech players attending Hanoi Innovation Summit (HIS) include AWS, Microsoft, IBM, TechCrunch, NBC News, Golden Gate Venture, Click Ventures, among others. Experts are those from Finnish ecological champion Nordic 247 to South-Korean-based … [Read more...] about How big is Hanoi Innovation Summit?
How firms internally develop innovation
Viet Nam needs a strategy to promote the development of private firms with a focus on quality, as their contribution to the economy remains modest, attendees heard at a conference in Ha Noi on Friday. “After more than three decades of Doi Moi (Reform), Viet Nam does not have a true development strategy for private firms,” economic expert Tran Dinh Thien said at the forum about private sector development held by the Viet Nam Institute of Economics. He said that more attention was now paid to how many firms were established rather than how healthy they were. The economic structure of Viet Nam was showing considerable problems, Thien pointed out. He cited statistics showing that the private sector altogether contributed around 40 per cent to the country’s gross domestic product (GDP), of which, some 32 per cent was from business households and only eight per cent was from private firms. State-owned enterprises (SOEs) contributed around 28 per cent. SOEs and business … [Read more...] about VN needs strategy to promote private firms
The Vietnam Actuarial Conference 2018 hosted by Prudential with the attendance of over 200 actuaries and insurance professionals discussing Big Data More insurance businesses are now planning to apply new technologies in their management systems and improve customer services, while many also plan to develop new products to meet market demand as well as diversify insurance sales channels, according to a survey released by Vietnam Report in June last year. In particular, 82.4 per cent of insurance companies said they were building a Mobile Internet development strategy and 64.7 per cent have adopted strategies based on two key factors in Industry 4.0: the Internet of Things (IoT) and Big Data. Disruptive technology Big Data provides new insights from social networks, telematics sensors, and other new information channels. As a result, it allows understanding customer preferences better, enabling new business approaches, product development, and enhancing existing internal models, … [Read more...] about How can Big Data drive the future of insurance?
Arno Strotgen, global head of customer service at ABB’s Robotics Business Unit The adoption of industrial robots is on the rise worldwide. How do you perceive the trend in robotics and what future awaits Asia as a whole in this regard? The global robotics industry has grown fast over the last five years. Sales doubled and growth rose by double digits ever year. And in 2017, a record year, a new World Robotics Report showed that a new record high of 381,000 units were shipped globally, an increase of 30 per cent compared to the previous year. This means that the annual sales volume of industrial robots increased by 114 per cent in the five years up to 2017. Sales value increased by 21 per cent compared to 2016 to a new peak of $16.2 billion. The main driver of that growth was contributed by Asia. The continent is the world’s fastest-growing market for robotics solutions, and for good reason. As the region’s quickly-growing countries industrialise and begin making … [Read more...] about ABB drives forward 4.0 innovations
Vietnam Reform and Development Forum 2018 His Excellency Prime Minister Nguyen Xuan Phuc His Excellency Minister Nguyen Chi Dung Government Ministers, Leaders of government agencies, committees of the National Assembly, committees of the Party, Ambassadors, Heads of Development Agencies, Representatives of Private Sectors, Non-Government Organizations, Ladies and gentlemen, Good morning! Xin chào! It is my great privilege and honor to join Minister Dung in welcoming you to the Vietnam Reform and Development Forum 2018.I would like to thank all of you sincerely for arranging your schedule to be here today during a very busy time of the year.I would also like to thank the Ministry of Planning and Investment, all Development Partners and speakers for their strong collaboration leading up to today’s event. Twenty-five years ago, in November 1993, the first consultative group meeting for Vietnam was held in Paris. Since then, development partners have been accompanying Vietnam … [Read more...] about WB Country Director’s speech at Vietnam Reform and Development Forum 2018