By 2025, the Ministry of Information and Communications expected Vietnam to have 80,000 digital tech firms, meeting at least 50% of digital tech and services from state agencies. Vietnam aims for the digital technology industry to lead the implementation of Industry 4.0 in the country, with revenue growth 2.5 times higher than the overall GDP expansion rate. ICT to help Vietnam realize the digitalization process. File photo The target was revealed in the Ministry of Information and Communications (MIC)’s directive for information and communication technology (ICT) development in 2023 and the 2024-2025 period. "Digital technology focused on design, creation, and manufacturing in Vietnam is the main industrial sector driving the nation's industrialization and modernization, contributing to greater digitalization capability and shaping a digital country," the MIC stated. Under the plan, the ministry expected revenue from the ICT sector would hit US$165 … [Read more...] about Digital technology to spearhead Vietnam’s drive for Industry 4.0
Dong nai pharmaceutical joint stock
Volatile real estate market puts pressure on business results
A construction site of Phat Dat Real Estate Development Joint Stock Company (PDR). PDR reported net revenue of VND14.6 billion (US$622,600) in the last 3 months of 2022. — VNA/VNS Photo A volatile real estate market caused revenues and profits of realty businesses to decrease sharply in the fourth quarter of 2022. Phat Dat Real Estate Development Joint Stock Company (PDR) reported net revenue of VND14.6 billion (US$622,600) in the last three months of 2022, a sharp decrease compared to the VND1.29 trillion recorded in the fourth quarter of 2021. The company suffered an after-tax loss of VND229.4 billion in Q4 of 2022, while in the same period in 2021, it reported a net profit of VND751.4 billion. This was considered Phat Dat's "failure" quarter as the company reported a loss for the first time since it announced business results. Dat Xanh Group Joint Stock Company (DXG) reported a loss of VND460 billion in the last quarter of 2022. During the period, the company's net revenue … [Read more...] about Volatile real estate market puts pressure on business results
ABBANK appoints new acting general director
Le Thi Bich Phuong, newly appointed acting general director of ABBANK. — Photo courtesy of the bank An Binh Commercial Joint Stock Bank has named Le Thi Bich Phuong acting general director from January 30 in place of Nguyen Manh Quan, who stepped down for personal reasons. But Quan remains permanent deputy general director. Phuong, 46, deputy general director since December last year, has a bachelor’s degrees in economics from the Vietnam National University - Ha Noi and in English language from the Hanoi Foreign Language University. She has worked for 19 years in banking and finance sector, has extensive experience in retail and distribution channel development, and has held several managerial positions at Techcombank such as regional director in Ha Noi, sales and distribution manager in the south, head of personal banking and financial services, and executive board member during its transformation period in 2016-20. — VNS … [Read more...] about ABBANK appoints new acting general director