The VNAT warned international travel operators not to bring tourists to high-risk areas in accordance with the warning issued by the Indonesian authorities.The Volcanology and Geological Disaster Mitigation Agency of Indonesia has raised the alert status of volcano Agung to level 4, the highest level. Evacuation zone was extended to 12km, according to the dispatch.Besides, tour operators should keep a close watch on the situation and inform tour guides and tourists of the hotline of the Vietnamese Embassy in Indonesia +62811161025 in case of needing prompt assistance.Due to developments of Mount Agung, the Vietnamese Embassy has kept watch on the situation. It recommended Vietnamese tourists not to visit Bali until the Indonesian Government downgrades the alert level.At the regular press conference of the Foreign Ministry in Hanoi on November 30, spokesperson Le Thi Thu Hang said the Vietnamese Embassy in Indonesia has instructed some 60 Vietnamese citizens stuck in Bali to leave … [Read more...] about Tourism administration asks to protect Vietnamese tourists in Bali
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Samsung vows more support for Vietnamese firms to enter its supply chain
Chairman Phong spoke highly of operation of Samsung, one of the biggest foreign investors in Vietnam, noting its contribution of about 20% of the country’s export revenue. The Samsung complex in the Saigon Hi-tech Park has operated effectively since mid-2016, creating jobs for more than 7,000 people. He asked the company to continue community activities, pay attention to its employees’ life and human resources training, and raise the rate of locally made components in its products. HCM City always makes efforts to improve the local investment climate and create the best possible conditions for foreign investors, including Samsung, the official added. For his part, Shim said more than 90% of Samsung products made at the complex in the Saigon Hi-tech Park are exported. This complex alone is expected to earn nearly US$3.5 billion in export turnover in 2017. He asked HCM City’s authorities to further assist his firm’s development. Aside from stepping up … [Read more...] about Samsung vows more support for Vietnamese firms to enter its supply chain
Vietnamese businesses ready for Industry 4.0
Developing countries like Vietnam are not yet ready for Industry 4.0 due to lagging technology infrastructure and human resources. Since the beginning of this year, Vietnamese enterprises have done a lot of research to be better prepared for the 4th industrial revolution. "Enterprises are urged to use the latest production technologies. For example, we can advertise and sell our products online and offer customers a wider range of products and services. We’ve also adopted software applications for better business and customer management and try to stay updated on the Industry 4.0 latest trends.", noted Nguyen Van Manh, Director of Quang Huy Minerals Joint Stock Company in Hai Phong city.Vietnamese enterprises need to revise their business models to include digital technologies. According to Le Tuan, Marketing Director of S Vietnam Travel, the three factors that ensure a business’s sustainable development are business knowhow, financing, and human resources. In … [Read more...] about Vietnamese businesses ready for Industry 4.0
Vietnamese English learning app gets Google’s support
Monkey Junior, the English learning app which won first prize at the Vietnamese Talent Awards 2016, has just received Google start-up financial support funding of USD100,000.Monkey Junior is Vietnam’s only representative selected for this fund among 24 other projects and businesses from 14 countries. Dao Xuan Hoang (second from left), Monkey Junior founder receives first prize at the Vietnamese Talent Awards 2016 This is the 5th Google Launchpad Accelerator programme.Dao Xuan Hoang, Monkey Junior founder, said that Google support would help his app be more widely-known internationally.The Launchpad Accelerator is a six-month acceleration programme that matches top growth-stage startups from emerging ecosystems with the best of Google people, network, and advanced technologies - to help scale products. Besides the USD100,000, selected firms will be also offered the two weeks of all-expenses-paid training at Google HQ in Silicon Valley. They also have the chance to meet with … [Read more...] about Vietnamese English learning app gets Google’s support
Samsung’s Vietnamese subsidiaries make $19 billion profit
Samsung Group has just announced the detailed profit figures of its subsidiaries in the first nine months of 2017. The four Vietnamese subsidiaries, Samsung Bac Ninh (SEV), Samsung Thai Nguyen (SEVT), Samsung Display Vietnam (SDV), and Samsung Electronics HCMC CE Complex (SEHC), earned $31.4 billion of revenue and $4.6 billion of profit.According to TheLeader.vn, Samsung Bac Ninh, the factory dedicated to the production and assembly of cell phones hit $12.5 billion of revenue, including $1.53 billion of profit, up 50 per cent against the same period last year.Samsung Thai Nguyen, the factory dedicated to the production of electronic components, grew drastically with $18.6 billion of revenue, making an increase of 27 per cent, and $2.32 billion of profit, an increase of 30 per cent compared to the same period in 2016. This is the subsidiary reaching the highest profit in the Samsung Group system due to being exempt from tax for the first four years of operation in Vietnam.The … [Read more...] about Samsung’s Vietnamese subsidiaries make $19 billion profit