Three parties signed a strategic cooperation agreement On May 13, C.P. Vietnam announced at its head office in Bien Hoa that it has kick-started its digital transformation journey with SAP SuccessFactors solutions. The move will help the company enhance its HR capabilities and leverage real-time analytics for better business decisions and capabilities. C.P. Vietnam expects not only to reduce costs and drive greater operational efficiency but also to deliver an enhanced employee experience consistent with its mobile-first, cloud-first philosophy that attracts and retains talent, fosters employee engagement, and drives improved business outcomes. The company is a foreign direct investment enterprise that operates in the closed agro and food industry. Established in 1993, it has steadily grown to become Vietnam’s leading food conglomerate, covering both livestock and aquaculture businesses. The company’s food products not only meet the needs of the domestic market but are also … [Read more...] about C.P. Vietnam’s digital transformation with SAP SuccessFactors
Digital river world payments
MPI supports digital transformation for SMEs in Ninh Thuan
A business owner in Phan Rang City, Ninh Thuan Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyen Thanh As the central coastal province of Ninh Thuan shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuan and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuan, digital transformation was still relatively new, and at the end … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuan
Digital, data and human excellence key components in Techcombank’s transformational journey
Hanoi-headquartered Techcombank recorded another year of stellar financial performance and growth in 2021, while continuing to support its customers, employees and communities in Vietnam, especially those impacted by the Covid-19 pandemic. In 2021, the bank recorded VND37.1 trillion (over $1.6 billion) in its total operating income, up 35.4 percent year-on-year. The bank’s profit before tax (PBT) rose to VND23.2 trillion. The company has achieved double-digit PBT growth for five consecutive years, at a compound average growth rate (CAGR) of 50 percent between 2016 and 2021. The bank’s performance remained resilient despite Covid-19 casting its shadow on the local markets and causing disruption to businesses and people’s lives. Techcombank grew its total assets by 29.4 percent, to VND568.7 trillion, and delivered an "industry-leading" return on its assets of 3.7 percent, according to the bank. It has also been able to maintain an impressive current account and savings account … [Read more...] about Digital, data and human excellence key components in Techcombank’s transformational journey
Microsoft seeks greater cooperation with Vietnam in digitalization
The US IT company expects to help Vietnam build up digital skills for both private and state sectors, as well as develop data science. Microsoft expects to strengthen cooperation with Vietnam in digital transformation and cyber-security and help the country realize its goal of net-zero carbon emission by 2050. Prime Minister Pham Minh Chinh and Microsoft Vice President Sandy Gupta. Source: VGP Vice President of Sales, Marketing, and Operations at Microsoft Asia Pacific Sandy Gupta gave the remarks during a meeting with Prime Minister Pham Minh Chinh on May 17, expecting this would further contribute to the development of a green and digital economy in Vietnam. According to Gupta, this century would be the time for Asia to thrive, and Vietnam in this process would be among the key contributors. At present, Microsoft is making huge investments in new technologies and solutions, such as cloud computing, artificial intelligence, open-source, and new … [Read more...] about Microsoft seeks greater cooperation with Vietnam in digitalization
PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms
Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) New York (VNA) - Vietnamese Prime Minister Pham Minh Chinh held a working session at the New York Stock Exchange (NYSE) on May 16 (local time) as part of his trip to the US. In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development . He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms
MPI supports digital transformation for SMEs in Ninh Thuận
A business owner in Phan Rang City, Ninh Thuận Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyễn Thành HÀ NỘI — As the central coastal province of Ninh Thuận shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuận and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuận, digital transformation was still relatively new, and at … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuận
Việt Nam to work with the US to develop start-ups on climate change, digital transformation
Prime Minister Phạm Minh Chính speaks at an event on innovation held by Asia Society on May 17 (US time). Photos baochinhphu.vn HÀ NỘI — Việt Nam expects to have start-up collaboration with the US on issues of global concern like climate change, digital technology and supply chain diversification. Prime Minister Phạm Minh Chính was speaking at a forum on innovation and start-ups held by the Asia Society on May 17 (US time) in the US. He affirmed that Việt Nam identifies science and technology, innovation and entrepreneurship as important driving forces for development in the new period. All three strategic breakthroughs that Việt Nam identified namely institutions, infrastructure and human resources are related to these forces, he added. The Prime Minister expressed his wish that US partners will continue promoting cooperation activities, especially in innovative start-ups. Start-up collaboration should focus on issues of global concern that the two countries are promoting … [Read more...] about Việt Nam to work with the US to develop start-ups on climate change, digital transformation
Techcombank adopts Salesforce technology to drive digital transformation and customer engagement
The initial deployment of Salesforce Financial Services Cloud across Techcombank’s network of over 5,000 frontline staff, represents the first of its kind cloud CRM implementation in the Vietnamese banking industry. An early adopter and pioneer of new technologies, standards, and solutions, Techcombank is recognized as one of the most innovative and digitally-forward banks in Vietnam. Guided by its vision of “Change banking, change lives”, the Bank continues to lead the digital transformation of the financial industry, in order to launch innovative offerings to Vietnamese consumers at speed and scale. Before working with Salesforce, Techcombank was using an in-house customer relationship management (CRM) system. The Bank recognized that there was untapped potential to integrate data and lead generation processes, and leverage real-time insights to help Techcombank’s relationship managers deliver seamless, differentiated experiences to customers. By deploying Salesforce … [Read more...] about Techcombank adopts Salesforce technology to drive digital transformation and customer engagement
US-ASEAN ties to be upgraded to Comprehensive Strategic Partnership in November: Statement
Group photo of ASEAN leaders and US President Joe Biden in front of the White House at the banquet held on May 12, held ahead of the ASEAN-US Special Summit. (Photo: VNA) Washington D.C. (VNA) - The United States and ASEAN countries’ leaders have met for the US-ASEAN Special Summit in Washington on May 12-13. Following is the full text of the statement: ASEAN-U.S. Special Summit 2022, Joint Vision Statement MAY 13, 2022 WE, the Member States of the Association of Southeast Asian Nations (ASEAN) and the United States gather on the occasion of the ASEAN-U.S. Special Summit, the first-ever to be held in Washington, D.C., on 12-13 May 2022. EMPHASIZING the importance of adhering to key principles, shared values and norms enshrined in the Charter of the United Nations, the ASEAN Charter, the Declaration on Zone of Peace, Freedom and Neutrality (ZOPFAN), the Treaty of Amity and Cooperation in Southeast Asia (TAC), the 1982 United Nations Convention on the Law of the Sea … [Read more...] about US-ASEAN ties to be upgraded to Comprehensive Strategic Partnership in November: Statement
ASEAN aims to develop global vaccine passport
Indonesian Health Minister Budi Gunadi Sadikin delivers a press statement after chairing the 15th ASEAN Health Ministers’ Meeting in Nusa Dua, Bali, on Saturday. (Photo: ANTARA) Hanoi (VNA) – ASEAN member countries have voiced their support for digital technology convergence for developing a globally-accepted vaccine passport. Indonesian Health Minister Budi Gunadi Sadikin said at a press conference following the 15th ASEAN Health Minister’ Meeting ( AHMM ) on May 14 that ASEAN will issue a joint statement on its countries' adoption of health protocol standards. “This is similar to what we will achieve at the G20," he explained, as cited by Indonesia's Antara news agency. Digital technology convergence for developing a vaccine passport was one of the agendas of the AHMM which discussed the mutual recognition arrangement on COVID-19 health certificates, he said. Sadikin noted that the COVID-19 pandemic has led to countries adopting diverse health protocol standards … [Read more...] about ASEAN aims to develop global vaccine passport