At a time of rampant unverified and fake news, official and credible information provided by the press has been guiding the businesses forward. The media outlets have shown their role in addressing the concerns of businesses at a time when the latter was struggling with the Covid-19 pandemic impacts. Overview of the forum. Source: VNA Editor in chief of Nhan Dan Newspaper Le Quoc Minh stressed the view at a forum titled “The partnership between the press and businesses for a prosperous Vietnam” today [June 29]. “During the pandemic when unverified and fake news are being spread rampantly, official and credible information provided by the press has been guiding the businesses forward,” he continued. "Such a relationship has also been reflected through the partnership between the press and companies in brand building or product advertising," said Minh. Minh expected the press to continue serving as a bridge between the business community and the … [Read more...] about Media outlets and businesses form strong bond in difficult times: Experts
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Vietnam’s Binh Duong among world’s top seven intelligent communities
Binh Duong smart city in the namesake southern Vietnamese province was listed in the world’s top seven intelligent communities for the second consecutive year. The Intelligent Community Forum (ICF) and Binh Duong People’s Committee organized a ceremony in the southern province on Tuesday evening to announce the 2022 Top 7 Intelligent Communities of the Year. Binh Duong smart city was named in the Smart21 Communities for the fourth year in a row and Top 7 Intelligent Communities for the second consecutive year in 2022. In order to get recognized as one of the Smart21 Communities, Binh Duong smart city and other cities around the world had to meet strict criteria including broadband coverage, equality in digital access, innovative workforce, and support for sustainable development, said Louis Zacharilla, co-founder of the ICF. The ICF gathers nearly 200 prosperous smart cities in the world, Zacharilla continued, adding that it offers a chance for organizations and businesses in … [Read more...] about Vietnam’s Binh Duong among world’s top seven intelligent communities
Family Businesses: Continuing the Future of a Legacy
We agree that a sustained transgenerational entrepreneurial spirit and resilience, accumulated socioemotional wealth, and transformational leadership form the fuel that sustains family businesses through time. Yet, we also emphasise the importance of having good planning, control, and governance in place, and staying abreast of social, environmental, and technological developments to enable family businesses to sustain growth far into the future. Transgenerational entrepreneurialism Legacy is built, not born. It is fair to say that family businesses must be nurtured and adapted to ensure their continuing growth and long-term prosperity. The family business founders’ dream is to have their children and children’s children carry on their entrepreneurial vision and success, hence continuing the family legacy. Next generations are naturally bestowed upon them an obligation to foster entrepreneurialism in their unique abilities to sustain the family’s business heritage. The task … [Read more...] about Family Businesses: Continuing the Future of a Legacy
More tech-related legislation sought for foreign businesses
Businesses from abroad hope the government can create a strong roadmap for digital transformation in manufacturing, processing, and more - Le Toan After a decade in Vietnam, Israeli CEO of Renova Cloud Doron Shachar now sees high demand for cloud and big data analytics in the Vietnamese market, and is making plans to tap into this growth potential, including an increase in headcounts. He told VIR, “We already foresee a big gap in those skills. We look forward to contributing to the market’s growth with our abilities, experience, and building skills while supporting enterprises and small- and medium-sized enterprises in their cloud journey.” Cloud adoption is increasing in Vietnam – together with food and beverage manufacturers, many others in sectors like manufacturing and supply chain have begun to explore cloud opportunities, and the ecosystem has grown and expanded significantly, along different verticals and in different sectors. According to the Ministry of Information … [Read more...] about More tech-related legislation sought for foreign businesses
More drug addicts have community-based rehabilitation in the first 5 months: official
Trần Ngọc Túy, head of the Social Evils Prevention Department under the Ministry of Labour, Invalids and Social Affairs. Photo baochinhphu.vn In a recent interview with Baochinhphu (Government News) online newspaper, Trần Ngọc Túy, head of the Social Evils Prevention Department under the Ministry of Labour, Invalids and Social Affairs talks about community-based rehabilitation for drug addicts in Việt Nam. What are your thoughts on the addiction rehabilitation in Việt Nam after the Law on Drug Prevention and Control 2021 took effect this year? According to the law, rehabilitation can be voluntary or compulsory. Compulsory rehabilitation is conducted in public rehabilitation centres and voluntary rehabilitation is done in home, communities or other rehabilitation institutions. In the first five months of this year, incomplete reports showed that nearly 35,000 drug addicts are experiencing rehabilitation in Việt Nam. More than 2,000 people currently in community-based … [Read more...] about More drug addicts have community-based rehabilitation in the first 5 months: official
Data use key for business success
A panel discussion as part of the Vietnam Data Summit that was held in HCM City on June 24. — VNS Photo In the digital technology era, data analysis has become one of the leading technologies, capable of changing many aspects of the world, especially in the business field. Therefore, taking advantage of new technology to improve the competitiveness of enterprises is essential for future growth. However, not all businesses know how to process available data into useful information, delegates told the first Vietnam Data Summit held in HCM City on June 24. Lam Nguyen Hai Long, president of the HCM City Computer Association, said, according to statistics at Internet Day 2021, Viet Nam is among the Top 20 countries with the highest number of Internet users in the world. Internet penetration in Viet Nam stands at 70.3 per cent compared to 51.4 per cent on average in the world. Therefore, Viet Nam is considered to be the most promising Big Data market in Asia. “However, the … [Read more...] about Data use key for business success
Beyond Communication to win the SME100 Awards 2021
After five years, Beyond has 33 full-time employees and more than 3,000 part-time employees working in different cities across the country in various marketing fields such as brand communication, commerce, and offline and online marketing. Besides this, the company also produces and organises large and small events for domestic and international customers and partners. Beyond Communication’s representatives at the SME100 Awards 2021 ceremony Instead of separating offline and online marketing activities, Beyond has combined them into a unified whole, creating campaigns into valuable and effective 360-degree marketing circles that offer actual and distinct value for each customer. Despite starting as a startup, Beyond has continuously strived to achieve a growth rate of 20-30 per cent per year for the past five years, both in terms of company capacity and total revenue from the projects. All are reflected transparently through the results of financial and business … [Read more...] about Beyond Communication to win the SME100 Awards 2021
Ho Chi Minh City promotes digital transformation in businesses
Supporting businesses According to Ho Chi Minh City’s Department of Planning and Investment, the city currently has more than 32,344 enterprises of different scales. The city plans to support more than 1,600 businesses in digital transformation as a transition to a large-scale transformation process in the city. Chairman of the Digital Transformation Alliance for Small and Medium Enterprises (DTS) Truong Gia Bao assessed that digital transformation in industrial production will help businesses maximize their revenue, reduce costs, improve product quality and increase flexibility. The Ho Chi Minh City Export Processing and Industrial Zones Authority Business Association (HBA), the BambuUP innovation platform and DTS recently launched the Digital Business Development Program - Go Digital - to support digital transformation and innovation in Ho Chi Minh City in 2022. Enterprises enhance digital transformation applications The program will help businesses select … [Read more...] about Ho Chi Minh City promotes digital transformation in businesses
Việt Nam needs to develop fintech services for SMEs
Việt Nam's small- and medium-sized enterprises (SMEs) need fintech services for development in the future. — Photo baochinhphu.vn HÀ NỘI — Việt Nam needs to develop financial technology (fintech) services for small- and medium-sized enterprises (SMEs), according to experts. "Existing innovative digital financial services for SMEs have not yet been systematically formed. Meanwhile, these enterprises always need more and more accessible financial services with low cost and a variety of products," said Bùi Huy Nhượng, vice rector of the National Economics University. Therefore, innovative financial services for SMEs need to be studied to develop not only for fintech startups but also for traditional financial institutions and technology companies. Dr Lương Thái Bảo, executive director of the Bachelor of Financial Technology Programme at the National Economics University, said that Việt Nam had a large number of SMEs, while it also has a high IT application index in the region. … [Read more...] about Việt Nam needs to develop fintech services for SMEs
Binh Duong among Top 7 Intelligent Communities worldwide
The Intelligent Community Forum (ICF) and Binh Duong province jointly hosted the 2022 Top 7 Intelligent Communities Conference & Announcement: After the Pandemic: How Digital Innovation Drives Growth in Our Communities. (Photo: VNA) Binh Duong (VNA) – Binh Duong smart city of the southern province of the same name was named in the 2022 Top 7 Intelligent Communities worldwide at a ceremony on June 21. The Intelligent Community Forum (ICF) and Binh Duong province jointly hosted the 2022 Top 7 Intelligent Communities Conference & Announcement: After the Pandemic: How Digital Innovation Drives Growth in Our Communities. The Top7 Communities are chosen from among the Smart21 Communities of 2022 to be finalists in the yearly Intelligent Community Awards. In October 2022, one of these seven communities will be named the Intelligent Community of the Year at ICF’s Global Summit. The city of Binh Duong was one of the Top7 Communities of 2021 and is a Smart21 Community again this … [Read more...] about Binh Duong among Top 7 Intelligent Communities worldwide