Championing sabahs digital economy seminar

Deputy Defense Minister Senior Lieutenant General Vo Minh Luong chaired the meeting. Over the past time, under the leadership of the Party, the management of State, and the direction of the Government, the military has become a pioneering force in obeying the law, mobilizing the people to follow the Party’s guideline and the State’s  policies, and fighting against wrongful viewpoints of hostile forces. The military’s role has been displayed clearly in the law dissemination and education at the grassroots level, contributing to developing the socio-economy and maintaining political security and social safety. After the project was approved by the Prime Minister, the Central Military Commission and the Ministry of National Defense have directed affiliated units to build and implement the plans. Up to now, 100 percent of units have established steering panels for the implementation of the project while conducting numerous measures to mobilize the people to obey the law. Notably, the … [Read more...] about Defense ministry to enhance digital transformation in law dissemination and education

Visa last week announced the launch of Eco Benefits in Asia-Pacific. It is a suite of sustainability-focused solutions that will help Visa cardholders across the region better understand the environmental impact of their day-to-day payments. Over half of Vietnamese consumers now regularly shop online and expect to be able to pay by card Banks that sign up for Eco Benefits will be able to offer these solutions to their Visa cardholders and meet the growing demand for sustainable financial services. According to a new Visa/YouGov survey, 66 per cent of consumers in Asia-Pacific expect their bank to offer eco-friendly payment solutions. Over half (52 per cent) would switch banks in order to access a product or service that helps them understand the carbon footprint of their spending. In Vietnam, Eco Benefits aligns with the National Green Growth Strategy for 2011-2030 by promoting greener lifestyles and sustainable production. The new product is also in line with the … [Read more...] about ECO-FRIENDLY payment initiative launched by Visa

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

For one, the oil and gas industry is under immense pressure to improve operational efficiency, productivity, and worker safety; maintain cybersecurity; and, simultaneously, reduce environmental impact. In order to solve these challenges, oil and gas companies are accelerating their digital transformation. Denis Brunetti, President, Vietnam and Myanmar Ericsson As they adopt use cases around automation, smart safety and environmental monitoring, the oil and gas industry is increasingly looking to advanced cellular connectivity to help drive efficiencies, while being more environmentally sound. The industry is expected to meet the global goal of net-zero carbon by 2050. According to a McKinsey study, the use of advanced connectivity to optimise drilling and production throughput and improvements in maintenance and field operations could add up to $250 billion of value for oil and gas upstream operations by 2030. Digitalisation enabled by cellular connectivity can … [Read more...] about 4G/5G wireless networks driving digitalisation across industries

The bank has served Vietnamese customers via its two representative offices in Hanoi and HCM City since 2015. Speaking at the opening ceremony held on August 5, Thai Ambassador to Vietnam Nikorndej Balankura said that Thailand is currently the 9th largest foreign investor in Vietnam and also the largest trading partner of the country in the Association of Southeast Asian Nations (ASEAN) region. The opening of a branch by KBank in HCM City is an important milestone reflecting the bank’s strategic vision in strengthening economic ties between Thailand and Vietnam, he said. Nguyen Van Dung, Deputy Director of the State Bank of Vietnam, HCM City branch said putting into operation of KBank branch in the city will raise the number of foreign bank branches in the city to 32, contributing to diversifying the activities of the credit institutions in the locality. Sharing about the potential of the Vietnamese market, Kattiya Indaravijaya, CEO of KBank said that Vietnam is a rising star … [Read more...] about Thailand’s Kasikornbank opens first branch in HCM City