Booming e commerce business

Nguyen Minh Thoai, CEO of DIGI-TEXX Nguyen Minh Thoai, CEO of DIGI-TEXX, last weekend shared his insight at Finovate : Product Day 2 - a Jobhoppin’s event themed “Digitalisation and Automation strategy for operations in financial services” in Ho Chi Minh City. “Finovate: Product Day 2” event shredded lights on how organisations of all industries navigated through uncertainties amidst this period of of hyper-turbulence and change. Businesses that highlight and successfully optimise automation process at the centre of their transformations will have a competitive advantage through complexity. While there's little doubt that automation can yield significant benefits for all kinds of sectors, such as financial services, healthcare services, e-commerce, and real estate, to name a few. Robotic Process Automation (RPA) could relieve humans from repetitive hazardous and unpleasant tasks. “Organisations across the globe are increasingly relying on RPA to carry out routine, … [Read more...] about DIGI-TEXX sets the standards in digital and business process outsourcing services

At a press conference on March 30 to report the collection of State budget in the first quarter of 2023 (Photo: VNA) Hanoi (VNA) - State budget revenue reached an estimated 491.5 trillion VND (over 20.9 billion USD) in the first quarter of 2023, equivalent to 30.3% of the estimate, and up 1.3% from the same period last year, the Ministry of Finance reported on March 30. Twenty-eight of the 63 provinces and centrally-run cities nationwide recorded state budget revenue hitting 28% of their yearly estimates. Twenty-three provinces and centrally-run cities saw the higher revenues than in the same period of 2022, while 40 others reported lower revenues. Meanwhile, the accumulated expenditure in the first quarter was equivalent to 17.5%  of the yearly estimate. The Ministry of Finance said expenditures in the last three months were carried out as planned, meeting requirements for socio-economic development, defence, security safeguarding, state management, debt repayment, and … [Read more...] about State budget revenue up 1.3% in Q1

Illustrative image (Source: baodautu.vn) Hanoi (VNA) – Vietnam is one of the most potential markets in the Asia-Pacific region for shoppertainment - a trend that combines online shopping with entertainment, according to a report named “Shoppertainment: APAC’s Trillion-Dollar Opportunity” by the US-based Boston Consulting Group ( BCG ) and TikTok. The report shows that the shoppertainment opportunity in the region is projected to expand to a market value of over 1 trillion USD by 2025, doubling from the 500 billion USD value last year. Indonesia, Japan, and the Republic of Korea will contribute 67% of gross market value (GMV) in shoppertainment by 2025, reflecting their large and established e-commerce bases. Meanwhile, Indonesia, Vietnam, and Thailand add to the mix of some of the region’s most exciting growth markets, and, alongside Australia, will contribute to a remarkable 63% compound annual growth rate (CAGR) over the next three years, quadrupling the market … [Read more...] about Vietnam a potential market for shoppertainment: report

Saigon Co.op signed a number of agreements with suppliers at its supplier conference held in HCM City on March 30. — VNS Photo Saigon Co.op, the owner of Co.opmart, Co.opXtra, Co.op Food, Co.op Smile, Cheers, Finelife, HTV Co.op, and Cooponline retail chains, met with nearly 600 suppliers to discuss strategies to better satisfy customers’ needs and develop together at its supplier conference in HCM City on Thursday. Vu Anh Khoa, its chairman, said Saigon Co.op is now the largest consumer goods retailer in Viet Nam, and has the largest number of modern retail models besides more than 800 points of sale in 42 of the country’s 63 provinces and cities. It accounted for 35.8 per cent of the modern retail market share held by domestic players last year, and had revenues of VND31 trillion (US$1.3 billion) and one million customers a day, he said. Nguyen Anh Duc, its general director, said: “Among its targets for 2025, Saigon Co.op aims to have 1,000 points of sale and deliver new … [Read more...] about Saigon Co.op discusses strategies with 600 suppliers

British Ambassador to Viet Nam Iain Frew. — VNS Photo Le Viet Dung It is particularly meaningful that Viet Nam hosted the final round of negotiations on UK accession, as the two countries celebrate 50 years of diplomatic ties in 2023, Iain Frew, British Ambassador to Viet Nam, said in a press briefing on Friday. The UK announced the conclusion of trade negotiations with all member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) the same day. With the conclusion, the UK has become the first European country to join the dynamic trade bloc and the first new member since its inception. The UK and CPTPP members will now take the final steps required for the UK to formally sign in 2023. After an intense round of talks in Viet Nam, negotiations, which began in June 2021, came to a unanimous agreement that the UK has reached the conclusion of its accession process to join the trade bloc. Accession could mean lower tariffs on some … [Read more...] about UK, the first European country, to join CPTPP