Boston consulting group digital transformation

FPT Smart Technologies is headquartered in Da Nang – Vietnam’s third largest city. (Photo: Shutterstock) Hanoi (VNA) – Vietnam’s leading IT services provider FPT Software, a subsidiary of FPT Corporation, and Smart Holdings of Toyota Group have recently launched FPT Smart Technologies - a joint venture providing digital transformation services and solutions. FPT Software holds 51 percent of stake in the joint venture. The joint venture was launched at a time when Japan is looking toward a 5.0 society – a super-smart society fueled by smart technologies and innovations among industries. It will offer digital transformation services and solutions in manufacturing, automobiles and construction industries by combining technological expertise, experiences and domain knowledge of the two companies. Automotive technology is one of the spearhead capabilities of FPT Software, with Japan being a key market in FPT’s globalisation strategy./. VNA …

[Read more...] about FPT, Toyota launch digital transformation joint venture

E-commerce platforms are effective tools that can help farmers reduce losses when there is an oversupply of produce and sales are slow. In Gia Loc district in Hai Duong province on March 2, the roads were very quiet even though in a few hours the social isolation order would expire (at 0:00 on March 3). Somewhere in the fields were farmers who were still doing their daily work. For them, their fields must be taken care of every day. With more than 93,000 hectares of agricultural land, accounting for 56.5% of the total area, Hai Duong is among provinces with a large agricultural production area. Its main agricultural products are vegetables, fruits, livestock and poultry. Before the pandemic, the biggest difficulty for local farmers was the connection between producers and consumers. During the pandemic, because of the blockade and restriction of means of travel, the difficulties multiplied. Born into a family with a farming tradition, like many previous generations, the life of Mr. Do Van Chung (a resident of Quang Bi village, Pham Tran commune, Gia Loc district, Hai Duong) has been associated with the field. Chung's family grows vegetables such as kohlrabi, cabbage, cauliflower, gourd, squash, melon and others, with an average output of about 2 tons per acre and yield VND7-8 million ($300-400) per acre each year. As Hai Duong was under isolation, the transport of farm produce from Hai Duong to other provinces was affected. Earning his living by cultivating vegetables for many years, Chung complained that he has never faced such difficulties. In previous years, he harvested 4 tons of cabbage and earned VND14-16 million from two sao (1 sao = 360m2) of cultivation area. But he cannot find buyers and is not sure if he can earn VND2 million from each sao. Mr. Phung Danh Ut, the owner of Ut Them organic melon garden in Gia Loc district, was …

[Read more...] about E-commerce platforms help “rescue” agricultural products

Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the country is viewed as an alternative investment destinations for Japanese enterprises looking to move away from China due to the COVID-19 pandemic. The survey indicates that approximately half of Japanese enterprises in the nation plan to expand their production activities, while roughly 70% of them seek opportunities to increase revenue in the local market. Most notably, 46.8% of Japanese enterprises unveiled that they have initiated plans to expand their business in the nation over the course of the next two years, with the expansion rate ranking fourth, the highest in the Asia-Pacific region. Japanese enterprises have therefore attributed their expansion to an increase in revenue in the domestic market and high growth potential. Furthermore, Japanese firms are also considering re-establishing some supply chains which have been impacted by the COVID-19 pandemic, with Vietnam able to capture the attention of suppliers and buyers of materials globally. VN-Index finishes lower as …

[Read more...] about VIETNAM BUSINESS NEWS MARCH 5