The Hanoitimes - Vietnamese people have spent considerable time on activities on cyberspace, serving different needs. Therefore, developing a digital ecosystem that serves the Vietnamese people is a long and necessary journey, creating more value for society and the people, Vietnam Internet Day 2018, with theme of "Internet and Vietnam’s digital ecosystem", aimed at creating a knowledge connection, support and linkage among enterprises, users and state agencies in the Internet industry. The conference and exhibition on Vietnam Internet Day 2018, organized by the Vietnam Internet Association (VIA) in Hanoi on December 5, were the highlight of the year for the Vietnamese Internet community. Vietnamese businesses have the capacity and desire to own technology and, the domestic market in the development of digital ecosystem. Photo: Phuong Anh With a population of approximately 95 million people and the Internet penetration rate of over 60%, Vietnam is ranked 16th in … [Read more...] about Vietnam Internet Day 2018 focuses on digital ecosystem amid booming users
Digital ecosystem examples
YOLO digital bank expected to make a breakthrough in mobile financial service
Viet Nam News VPBank recently launched a digital bank called YOLO in which users can access not only daily services such as taxis, movies, hotel bookings and food and beverage orders, but also banking services including savings and loans associated with Master Card. Director of YOLO Shameek Bhargava talks with local media about the unique digital banking platform that VPBank is proud to add to the market Can you tell us about the background of the digital bank? The idea of forming YOLO originated from the desire to create a digital platform capable of reaching and serving millions of new customers quickly – a digital banking platform that has the potential to thrive and break through what we see as the traditional banking model. With such big ambitions, we have used a completely new, independent technology platform that is different from current banking platforms which use the traditional core banking system. This platform allows us to grow faster than existing technologies … [Read more...] about YOLO digital bank expected to make a breakthrough in mobile financial service
Siemens takes the world on the “digital silk road”
The Belt and Road Initiative is China’s ambitious project to boost trade and infrastructure investment in about 90 countries along the ancient Silk Road trade routes from Asia to Europe and Africa. At the Belt and Road International Summit held in Beijing in early June, Siemens presented the opportunities created by China’s Belt and Road Initiative On the sidelines of the Belt and Road International Summit held by Siemens AG in Beijing in early June, VIR’s Bach Quang spoke to Cedrik Neike, Siemens AG board member, on business opportunities for the German firm from the initiative engagement. Siemens has just entered into more than ten agreements with Chinese partners to explore opportunities from the Belt and Road Initiative (BRI). How are the deals going? Cedrik Neike BRI is all about infrastructure and bridge building. It is about bridges connecting societies, economies, and cultures, but also about bridges between the physical infrastructure and … [Read more...] about Siemens takes the world on the “digital silk road”
CISCO helps Vietnamese firms in digital transformation
Investor group to strengthen Sacombank Digital transformation is making waves worldwide. Taking advantage of the digital age to grow, to be able to protect companies and gain an edge over competitors is what businesses strive for. However, not all businesses choose the right solution. K K Lee, director of System Engineering of CISCO, shares ideas to help business discover the latest trends and technologies, as well as solutions for digital transformation. ■ Most business leaders believe cloud computing is extremely important for their digital transformation strategy. What do you think about this? Yes, it is the natural way forward in terms of technology. Cloud for businesses is not just about the technology itself. It is about the reality, the speed to market. By adopting cloud, the ability to respond to market conditions becomes faster, to be able to develop innovation and optimise operation. It also helps deal with the issue of developing infrastructure, and especially a … [Read more...] about CISCO helps Vietnamese firms in digital transformation
Billion-dollar market remains unreachable for Vietnamese digital content firms
VietNamNet Bridge - The domestic digital content market, estimated to be worth billions of dollars, may be out of the reach of domestic enterprises if they cannot receive the appropriate support from the state. The white book on Vietnam's information technology and communication showed that digital content is one of the industries which have the most impressive growth rates over the last 10 years. Though it only makes up 10 percent of the total revenue of the information technology industry, it has been growing rapidly by 20-40 percent per annum. The digital content industry brought the turnover of over $1 billion in 2011, where 500-600 enterprises are operating, and employing 60,000 workers. The latest report of the Vietnam Communications Society has pointed out that great opportunities have come to the domestic digital content industry with the fastest growth rate of the number of mobile phone and Internet subscribers in South East Asia. There are about 130 million mobile … [Read more...] about Billion-dollar market remains unreachable for Vietnamese digital content firms