Leading digital business transformation

SmartPay has just supported around $8.7 million for Vietnamese small- and medium-sized businesses (SMEs), while other e-wallets focused on incentives to end-users. Why did SmartPay favour this group of customers? Marek Forysiak, chairman of SmartPay Since its establishment, SmartPay has chosen a different mission and direction to accompany the prosperous development of millions of Vietnamese small businesses. Until now, SmartPay is still the first and only payment platform to invest in and support retail merchants who are being neglected in the process of digitalisation. Retailers now account for nearly 30 per cent of SmartPay’s frequent customer base – that is nearly 600,000 retailers of around two million users – more than other e-wallets. Offering interest-free credit lines through an e-wallet platform is also associated with SmartPay’s distinct competitive advantage in the vibrant digital payment market. During the process, SmartPay continuously surveys and … [Read more...] about Creating distinct and vibrant digital payment alternatives

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam 's tuna exports to the US has increased stably, accounting for 15 percent of the market share in this country. The tuna export value to the US in 2021 was estimated at about 330 million US D. The US is now Vietnam's largest single tuna importer, making up over 44 percent of the Southeast Asian country’s total tuna export value. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s fresh and frozen tuna exports to the US rose by 47 percent, while processed and canned tuna exports decreased by 15 percent over the same period. However, the US remains the leading import market of Vietnam's frozen and processed tuna./. VNA … [Read more...] about Vietnam’s tuna export to US enjoys stable growth

As there are few guests, many 5-star hotels have shifted to selling Tet food to survive the pandemic. Pan Pacific Hanoi has introduced Tet gift boxes priced at VND5 million containing French wine bottle, tea, sweets and other food items. Sheraton Saigon has marketed two products – walnut butter cookies and mixed nut chocolates. Park Hyatt Saigon sells Tet gift boxes priced at VND3.2 million, with five kinds of jam, a box of fruit biscuits, a box of dried cashews soaked in ginger honey and a bottle of wine. The products have sold out. Prior to that, InterContinental Saigon sold Tet gift boxes valued at VND1.3 million with nuts, cookies, chocolate and fruit jam. Since the pandemic began, hotels have boosted online sales via digital platforms. Hotels are trying all possible ways to survive the pandemic. A representative of Rex Hotel said the hotel is cooperating with marketplaces specializing in distributing food to access the large customer base. Sofitel Legend … [Read more...] about With rooms unoccupied and restaurants closed, 5-star hotels seek profits elsewhere

Nestlé leads the best working places in Việt Nam Age of Learning and Galaxy Education Announce Partnership to Launch ABCmouse English in Vietnam Special Honda City prize announced by VNPAY wallet Masan Group – Top ASEAN consumer pick – according to Bank of America Viettel Group, Architecture Magazine launch design contest for Viettel Thăng Long Building Viva Land Investment & Development Joint Stock Company, through its affiliates, has acquired Capital Place - a Grade A luxury building in Hà Nội. This is another step for Viva Land to set a deep footprint in the Vietnamese luxury realty market over the next decade. Entering the capital market Capital Place is also the first commercial project under Viva Land’s operation and management in the northern of Việt Nam. Located at the intersection of Lieu Giai – Kim Ma – Nguyen Chi Thanh in Ba Dinh District, Capital Place offers 100,000 square metres of luxurious and green office and retail … [Read more...] about VIVA LAND HAS ACQUIRED CAPITAL PLACE, THE AWARD-WINNING GRADE A OFFICE BUILDING IN HANOI

Vaccines donated by the UK and European countries via COVAX arrived in Hà Nội. — Photo courtesy of UNICEF HÀ NỘI — At the turn of the year 2021/2022, Việt Nam received 6.2 million additional COVID-19 vaccine doses from the UK and European partners via the COVAX Facility. They include 99,450 doses of BioNTech/Pfizer's COVID-19 vaccine donated by Luxembourg, 159,120 doses of BioNTech/Pfizer's COVID-19 vaccine donated by Portugal and 2,012,960 doses of Astra Zeneca COVID-19 vaccine donated by the UK, and 4,000,230 doses of BioNTech/Pfizer's COVID-19 vaccine donated by Germany. The British Ambassador to Việt Nam Gareth Ward said: “Vaccines are the best way to protect people and prevent the proliferation of new variants. This donation is part of the UK’s support to Việt Nam’s roadmap of opening the economy by facilitating its vaccine boosting at a large scale. We are committed to accompanying Việt Nam to embrace a new chapter in 2022 when we all can live with COVID-19 with peace and … [Read more...] about Việt Nam received 6.2 million COVID vaccine doses from UK, European partners

Technology M&A to retain booming growth in 2022 Nguyen Cong Ai, partner at consulting firm KPMG Vietnam, said that the country has the potential to grow into an up-and-coming startup centre in Southeast Asia, buoyed by favourable macroeconomy, a burgeoning middle-class with ever-increasing income, and abundant tech-savvy human resources, as well as the government’s supportive policy. “Foreign investors are showing particular interest in Vietnam’s tech field. Lately, we are receiving growing proposals from South Korean and Japanese investors towards Vietnam’s internet economy, fintech, edutech, and media,” he said. KPMG forecasts that investment into tech would shoot up 150 per cent in 2022, hitting $2 billion. Nguyen Thanh Tuyen, deputy head of the Information Technology Department under the Ministry of Information and Communications, said that many sizable deals took place in the M&A scene during 2019-2021. For instance, VNPay received $300 million from SoftBank … [Read more...] about Technology M&A to retain booming growth in 2022

As demand for internet-based services continues to soar, the revamped ManuConnect customer portal offers users an online platform that provides security, simplicity, and convenience. Manulife Vietnam continues to accelerate its rollout of digital solutions with the launch of the refreshed customer website, delivering an enhanced and simpler platform that makes it easier for the insurer's more than 1 million customers to self-manage their account. As demand for internet-based services continues to soar, the revamped ManuConnect customer portal offers users an online platform that provides security, simplicity, and convenience. According to the Manulife Asia Care Survey released in February 2021, respondents from Vietnam claimed they were more open to using digital self-service for less complicated servicing needs. The survey also showed that 75% of respondents from Vietnam indicated a preference to take more control of their own insurance by digitally … [Read more...] about Manulife Vietnam launches revamped customer portal that offers new user-friendly experiences

An electric car is connected for charging at Motor Expo 2021, held in December at Impact Challenger 1-3, Muang Thong Thani. (Photo: Pattarapong Chatpattarasill) Bangkok (NNT/VNA) - According to the Chairman of the Auto Parts Club under the Federation of Thai Industries, Pinai Sirinakorn, it is expected that electric vehicles (EV) will soon replace vehicles that rely on internal combustion engines as EV requires only around 15,000 parts to be built instead of 30,000 parts of traditional engines. He said the club wants to help around 2,500 auto part manufacturers who are used to producing parts for internal combustion engines (ICE) to shift towards EV technology by launching an EV component development plan. The EV component development plan aims to help auto part manufacturers shift their businesses to better suit the new market. They will be encouraged to improve production efficiency in accordance with Industry 4.0, which promotes the use of digital technology and … [Read more...] about Thai auto part manufacturers to shift to EV part production

A solar power project invested by Nami Solar in Bau Bang Industrial Park, Binh Duong The two partners entered a joint development agreement in December, forming a venture producing 250MWp of rooftop solar installations, with a total investment of around $200 million over the next few years. The partnership will serve as a platform to further support SK ecoplant's aspirations of becoming a major global investor in renewable energy. The joint venture will help Nami Solar move one major step closer to its vision of becoming a leading distributed solar company in Vietnam. The Vietnamese and South Korean governments have placed climate change action plans and green growth high on their respective agendas. In October, South Korea committed to slashing its emissions to 40 per cent of their 2018 level by 2030. Vietnam has reiterated its commitment to reach net zero by 2050. In July, SK Group revealed its net zero roadmap, aiming to reduce its carbon emissions by half within a … [Read more...] about SK ecoplant and Nami Solar launch joint venture to invest in Vietnam’s distributed solar sector

Students from the 7th to 12th grades in "green" and "yellow" zones in Hanoi are set to return to school from February 8 (Photo: VNA) Hanoi (VNA) – Minister of Education and Training Nguyen Kim Son has underlined the necessity for school reopening, noting that the country now has sufficient conditions for the move. Safely adapting to the pandemic and gradually reopening schools are highly important for educational activities to return to normal, he told the Vietnam News Agency on January 25. He said under the Government’s directions on safe and flexible adaptation to and effective control of COVID-19, the Ministry of Education and Training (MoET) has worked with the Health Ministry to issue guidance on pandemic safety for students once in-person learning is restored. Over the last two years, online teaching and learning have been carried out on a large scale as a compulsory measure in response to the pandemic. However, differences in communication infrastructure and … [Read more...] about Education minister stresses need for school reopening