Why businesses are experiencing a digital transformation

Inside a high-tech melon farm on the outskirts of Hà Nội. — VNA/VNS Photo HÀ NỘI — Digital transformation is to provide the answers to a number of key limitations and shortcomings in Việt Nam's agriculture sector, said experts and policymakers at a conference yesterday in Hà Nội. The conference was jointly organised by the Ministry of Agriculture and Rural Development and Vietnam's Farmer Union to discuss how digital transformation can aid the development and sustainability of the agriculture sector. Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến said farmers across the country are tending to over 4.1 million hectares of agricultural land. Việt Nam's annual agricultural exports have reached well over US$40 billion in value to more than 180 countries and territories around the world. It's about time this enormous amount of information be digitalised and centralised in a database that helps plan and execute the country's agricultural production. Lương …

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The event is held online by the Vietnam Software and IT services (VINASA) in collaboration with several units, and is broadcast on media platforms for three days. This is an opportunity for ministries, sectors, localities and businesses to exchange ideas, and discuss and propose solutions to make Vietnam go faster on the national digital transformation journey. Deputy Minister of Information and Communications Nguyen Huy Dung said that 2021 is the first year implementing the socio-economic development plan for 2021-2025, and also the year Vietnam has to face many difficulties and challenges caused by the COVID-19 pandemic. In the current context, digital transformation has become an inevitable trend and a new driving force to promote socio-economic development, thus contributing to driving back the pandemic. At the national level, the National Committee for Digital Transformation has been established on the basis of consolidating the National Committee on E-Government, making …

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November CPI up 0.32 percent The Consumer Price Index (CPI) in November was up by 0.32 percent compared to October, according to the General Statistics Office (GSO). It was driven by the hikes of prices of petrol and gas across the globe, as well as consumer goods and services in localities in the new normal. Among 11 groups of main commodities and services, nine experienced rising prices. In the first 11 months, the CPI went up 1.84 percent compared to the same period last year, the lowest level since 2016, attributed to the fuel price hikes by 30.32 percent year-on-year, after 20 adjustments. Housing and construction materials posted a year-on-year expansion of 6.8 percent and education grew 2.44 percent. Meanwhile, foodstuff inched down 0.52 percent and electricity prices dropped 1.06 percent against the same period last year. As COVID-19 prompted travel restrictions, air ticket prices fell 21.39 percent while travel package slipped 2.42 percent. Core inflation in …

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Vietnam among markets driving future trade growth: Standard Chartered A recent research by Standard Chartered has listed Vietnam among the 13 markets driving future trade growth, and with its enhanced integration into the global economy, the country is holding numerous advantages for bolstering export. In its research, titled “Future of Trade 2030: Trend and markets to watch”, the bank forecast Vietnam will record an average annual exports growth rate of 7 percent to earn 535 billion USD in revenue in 2030. Notably, up to 41 percent of the global firms surveyed by Standard Chartered are operating in Vietnam or planning to invest in the country in the next five to 10 years. The US and China will remain the largest export markets of Vietnam, respectively accounting for 26 percent and 19 percent of the Southeast Asian country’s total exports by 2030. Meanwhile, shipments to India are also projected to grow fast, by 11 percent annually between 2020 and 2030. With …

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Online Friday 2021 to open on December 3 The Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on November 26 announced an e-commerce week and the Vietnam Online Shopping Day – Online Friday 2021. The Online Shopping Week will be held from November 27 to December 5 while the Vietnam Online Shopping Day – Online Friday 2021 is scheduled for December 3 nationwide. Vietnam will work toward incorporating its Online Shopping Day with the online shopping event in the region to catch up with trans-border e-commerce trend as well as step up cashless payment, thus laying a foundation for authorities to suggest policies in support of enterprises in promotional activities. Consumers across the country could visit the website https://onlinefriday.vn and Online Friday app to acquire information about discounts and promotion programmes by participating firms and shop at websites and apps of others. The online shopping day was started in 2014./. …

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Chairman of the Vietnam Farmers' Union Luong Quoc Doan Yesterday, the Central Committee of the Vietnam Farmers' Association and the Ministry of Agriculture and Rural Development hosted the sixth National Farmers' Forum with the theme Farmers with agricultural digital transformation in Hanoi. By November 2021, thanks to the support of ministries, competent agencies and leading enterprises in the field of e-commerce, more than two million agricultural households have received digital skills training, and nearly 50,000 products agricultural products are put on e-commerce platforms; thousands of electronic transactions are made. The impact of the Covid-19 epidemic has changed people's consumption habits from shopping through traditional channels to buying goods online through e-commerce platforms. Speaking at the opening of the forum, Chairman of the Vietnam Farmers' Union Luong Quoc Doan emphasized that under the impact of the Covid-19 pandemic, a digital transformation is no …

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Illustrative image (Photo: tapchitaichinh.vn ) Hanoi (VNA) - Visa Inc., one of the largest electronic payment technology company, has cooperated with the Ministry of Industry and Trade’s Vietnam e-Commerce and Digital Economy Agency (iDEA) to speed up digital transformation in agribusinesses, cooperatives and farmer households in Vietnam. Accordingly, the two sides have signed a cooperation agreement to promote e-commerce applications and acceptance of digital payments in order to affirm the agriculture sector’s key position in Vietnam’s economic development. Dang Tuyet Dung, Director of Visa in Vietnam and Laos, said that through its cooperation with iDEA, Visa can contribute its expertise, and bring its electronic payment solutions closer to Vietnam's agriculture sector. Digitalisation will help create advantages for Vietnamese producers to develop faster, and modernise and improve the capacity of agricultural product distribution systems of the country, she said. …

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Onsen ecosystem - the great value that turns Quang Ninh into a leading wellness tourism destination Promoting construction with full legality, Metro Star heats up Thu Duc real estate market CapitaLand Development named ‘Best Sustainable Developer’ at 2021 PropertyGuru awards Vietnam Festival of Creativity Design 2021 ends on a high note VIMC makes Việt Nam's ports highly competitive A bird view of Yoko Onsen Quang Hanh. With resilience, flexible management and meaningful work for the community during two difficult years under the adverse impact of the pandemic, Sun Group emerged as a winner in the Asia Pacific Enterprise Awards (APEA) 2021 Regional Edition under both Inspirational Brand and Corporate Excellence Categories. On the evening of November 30, 2021, the Organizing Committee of the Asia Pacific Enterprise Awards 2021 (APEA 2021) held the official online winners announcement in different categories of APEA 2021 Regional Edition. Successfully …

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Terraced rice paddies in Hoang Su Phi, Ha Giang (Photo: VNA) Ha Giang – The northern province of Ha Giang has taken the advantage of digital platforms to promote tourism as part of efforts to maintain its position as an attractive tourist destination amid COVID-19. This year, the Ha Giang Buckwheat Flower Festival has been held online last for the first time ever. Its seventh edition was broadcast on television channels, online newspapers and social media. Director of the Ha Giang tourism promotion centre Dang Quoc Su said his centre recently held virtual tours in an effort to maintain tourism activities against the backdrop of the pandemic, adding a tour featuring buckwheat flower on the Dong Van Karst Plateau UNESCO Global Geopark was launched on November 28, drawing the participation of 100 travel companies. The programme offered Ha Giang a new method to promote its tourism and at the same time helped travel firms build new activities. In December, the centre will …

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Despite the adverse effects caused by the Covid-19 pandemic, export sales of Vietnam’s woodwork industry have climbed. Some of made-in-Vietnam wood products on display at an exhibition Presently, enterprises in this sector are stepping up their production pace to fulfill year-end orders already signed for the last months of this year and the first half of 2022. However, the remaining challenges are still tough. Statistics obtained from the Vietnam Timber and Forest Product Association (Viforest) show that during the first nine months of this year, Vietnam’s woodwork production earned US$10.76 billion, a surge of 30.5% from the year-earlier period. Of this amount, the American market accounted for more than a half of the industry’s total export value, reaching US$6.5 billion and posting a 40.5% growth rate. It was followed by other markets whose growth was high, such as China (reaching US$1.13 billion and a growth rate of 23.4%) and Japan (more than US$1 billion and a growth …

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