Digital economy

Financial services are still very fragmented. There are still a lot of smaller banks in Việt Nam compared to some of the other markets right now where the big banks have a much higher share. If you take the top six banks, I believe in Thailand they would constitute above 70 per cent. In Việt Nam, it's probably below 50 per cent. What that means is that it is harder to make the required investments to modernise your business and operating models, as you can’t spread your fixed investments across more companies or customers. So going forward I expect more differentiation to happen between the leading banks and the rest of the industry, similar to what we have seen in other markets and other industries, like retail for example. And I would expect this trend towards a more consolidated banking industry structure to accelerate as the investments required for staying ahead will increase over time. … [Read more...] about Techcombank forerunner in digital transformation in Việt Nam’s finance industry: CEO

Nguyen Thanh Hai, Deputy Director of the Hanoi Department of Industry and Trade, said the pandemic has affected all production and trade sectors, and disrupted product and material supply chains of numerous enterprises. Businesses in the fields of textile and garment, leather and footwear, agriculture, tourism, retail services, and labor-intensive industries have been suffering the most, he said. … [Read more...] about Hanoi helps businesses restore production, exports

The VNA has stated that fake news will thrive if no effective measures are taken, causing terrible harm to society, especially as technology develops so quickly. People can even use artificial intelligence to produce and distribute fake news on a scale many times larger than humans. … [Read more...] about VNA wins Gold Prize for anti-fake news programme

JAKARTA, INDONESIA - Media OutReach - 2 December 2020 - It's no secret that the pandemic situation has brought many changes to our lives. Continued working from home, constant exposure to the blue light from our computer screens and perpetual mask-wearing have all taken their toll on our precious faces leaving them drier, acne-prone and more susceptible to early wrinkles. To provides solutions to consumers to maintain their skin health, POND'S has teamed up with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, to integrate its Skin Advisor Live (SAL) chatbot on the platform so consumers can easily identify and find solutions to some of their most pressing skincare concerns. … [Read more...] about POND’S Presents Skin Advisor Live on Shopee to Address Consumers’ Skincare Woes

Representatives of relevant ministries and departments also presented support solutions aimed at meeting the requirements of tourism development moving forward. In addition, there was a signing ceremony carried out of documents regarding tourism co-operation and development between Hanoi, Ho Chi Minh City, and five other provinces and cities, including Thua Thien-Hue, Da Nang, Quang Nam, Quang Ngai, and Binh Dinh in the key central economic region. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES DECEMBER 2