Vietnam business opportunities

The national digital transformation program says Vietnam will develop hi-technology agriculture with a focus on smart and precise agriculture, while increasing the proportion of digital agriculture in the economy. Opening the forum on digital transformation in Vietnam’s agriculture, Truong Gia Binh, Chair of the Vietnam Digital Agriculture Association (VIDA), stressed that it’s necessary to conduct strong digital transformation in e-commerce, e-payment, logistics and agriculture operations. If Vietnam can successfully do these, it will become a country with great competitive potential. “Our land is situated in the area which doesn’t need heating in winter. It allows us to harvest many crops all year round. We still develop agriculture with 2/3 of population in rural areas. Vietnam’s IT is developing rapidly. All these factors will turn Vietnam into a farm produce granary of the world,” Binh said. Deputy Minister of Information and Communications Nguyen Huy Dung said the …

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The QH9149 flight, using the Boeing 787-9 Dreamliner aircraft, took off at around 7:55 p.m. at Hanoi's Noi Bai Airport for San Francisco. The flight, the first of 12 direct flights between Vietnam and the U.S. that Bamboo Airways gained approval from the Transportation Security Administration (TSA), is expected to span over 14 hours. On board are four pilots, 14 flight attendants and several technicians and ground controllers to perform necessary missions at the San Francisco Airport. Nguyen Manh Quan, vice general director of Bamboo Airways, said the flight is of historic proportions, not just for Bamboo Airways but also for Vietnam's aviation industry. "We will affirm the capabilities for operation, safety, security and infrastructures for Vietnamese airlines and the entire Vietnamese aviation industry in general," he said at a ceremony held in the airline's headquarters in Hanoi the same day. Nguyen Ngoc Trong, another vice general director of Bamboo Airways, said the …

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Insurers hail health and tech awareness, illustration photo By the end of August, total assets in the insurance market were estimated at $27.9 billion, up 22.1 per cent over the same period last year. In which, non-life insurance businesses were estimated at $4.4 billion and life insurance businesses’ total assets at $23.6 billion, cited the Ministry of Finance (MoF). Similarly, total insurance premium revenues in this period also increased by nearly 17 per cent. In a more detailed assessment from the MoF’s Department of the Insurance Supervisory Authority (ISA), insurance revenues in the first five months of 2021 recovered strongly compared to the same period last year. The loose social distancing after the first outbreak created favourable conditions for insurance selling activities. Fierce competition continued to narrow market shares among the top five insurers while creating more opportunities for smaller players. The competition among the sector has become fiercer. In …

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President Nguyen Xuan Phuc (second, left) at the ceremony. — VNA/VNS Photo Thong Nhat Vingroup and Google Cloud have signed a Memorandum of Understanding (MOU) to support Vingroup's ongoing digitization and innovation strategy. The MOU agreement was signed this week in New York City, on the sidelines of President Nguyen Xuan Phuc’s diplomatic trip to the United States. The agreement sees Vingroup and Google Cloud collaborating closely as strategic partners, to drive the group’s digital transformation. Specifically, Google Cloud will help Vingroup to advance its Cloud-based services and identify opportunities to apply cloud-based machine learning, artificial intelligence, and smart data analytics technologies across Vingroup’s varied lines of business. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup and Thomas Kurian, CEO of Google Cloud signed the MOU. Nguyen Viet Quang said, “This MOU with Google Cloud builds on our successful on-going relationship with Google. This …

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