VietNamNet Bridge - Cybersecurity solution providers are mostly targeting large corporations, ignoring small and medium sized enterprises (SMEs), which are also facing security problems. Cybersecurity solution providers mostly target large corporations Tran Quang Chien, CEO of CyStack, said the cyber security solution market in Vietnam has great potential to develop. The problem is that SMEs cannot find solutions that fit their operation scale and financial capability. The best known cybersecurity solution providers such as BKAV and CMC target mostly large clients. The problem is that SMEs cannot find solutions that fit their operation scale and financial capability. The best known cybersecurity solution providers such as BKAV and CMC target mostly large clients. RELATED NEWS Cyber security contest in Hanoi Cybersecurity risks increase in Vietnam Nga Hang … [Read more...] about Cybersecurity solutions for small businesses: an untapped market
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The business community looks to 2019 with great expectations Photo: Le Toan Ousmane Dione Country director, World Bank Under the leadership of the Vietnamese government, Vietnam’s socioeconomic achievements have been remarkable. Over the course of 30 years, the economy has expanded at an average of nearly 7 per cent annually. As a result, per capita income has increased almost five-fold. Vietnam today has emerged as a thriving lower middle-income economy and an export powerhouse. Growth has also been inclusive, with poverty falling to just below 7 per cent, compared to more than 60 per cent in the late 1980s. But Vietnam’s journey to become a modern, industrial economy has only just begun, and past achievements are no guarantee for future success. Domestically, Vietnam will have to tackle rising structural headwinds, including a rapidly-aging population, slow productivity growth and weak investment, as well as an increasing environmental toll on development. Leaning … [Read more...] about Business bigwigs on 2019 prospects
Deutsche Bank appoints new chief country officer for Vietnam Deutsche Bank has just announced the appointment of Hans-Dieter Holtzmann (49) as chief country officer and head of Global Transaction Banking (GTB) in Vietnam, effective from August 16, 2018. In his capacity as chief country officer, Holtzmann will report to Werner Steinmueller, member of the Management Board and APAC Head of Deutsche Bank, and in his GTB capacity, to Kaushik Shaparia, head of Global Subsidiary Coverage, GTB Foreign Exchange and Corporate Cash Management for Asia. Announcing the appointment, Steinmueller said, “We are pleased to have a colleague of Hans-Dieter’s caliber in this role. As one of our key markets in Southeast Asia, our Vietnamese franchise has shown profitable growth and we are excited about the country’s outlook. This is why last year we significantly increased our capital base in this market, providing the bank with more resources to support our clients’ … [Read more...] about BUSINESS NEWS IN BRIEF 20/8
Masan takes full ownership of tungsten processing facility Masan Resources Corporation (UPCoM: MSR), one of the world’s largest integrated industrial tungsten mineral and chemical producers, announced that Nui Phao Mining Company Ltd. (NPMC), a wholly-owned subsidiary of the company, has acquired H.C.Starck GmBH’s (HCS) 49 per cent stake in Nui Phao-H.C.Starck Tungsten Chemicals Manufacturing LLC (NHTCM) for the total cash consideration of $29.1 million, and now owns 100 per cent of this company. NHTCM, previously a joint venture between NPMC and HCS, was established in 2013 and is a leading producer and global supplier of tungsten chemicals (ammonium paratungstate [APT], blue tungsten oxide [BTO], and yellow tungsten oxide [YTO]). NHTCM processes tungsten concentrate (TC), the main product of NPMC, into higher value-added tungsten products. In consideration of NHTCM’s contribution to the development of Vietnam’s high-tech industries, the Vietnamese Ministry of … [Read more...] about BUSINESS NEWS IN BRIEF 17/8
The article by Elizabeth McIninch is posted on the Asia Pacific Foundation of Canada on June 4, 2018 As Canada prepares for the 2018 G7 Summit, all eyes are focused on the picturesque region of Charlevoix, Quebec where the leaders of the industrialized world will gather June 8-9. Canada, which holds the G7 presidency for 2018, has extended a first-ever invitation to Viet Nam, and Vietnamese Prime Minister Nguyễn Xuân Phúc will be attending. The overture is an acknowledgement of Viet Nam's rising status on the world stage, and a fitting tribute by Canada to a bilateral relationship which this year records its 45th anniversary. Devastated by the destruction of a long and tragic war that reduced it to one of the world's poorest nations 30 years ago, today Viet Nam is the rising star of Southeast Asia. The data is spectacular. In the wake of the county's first quarter expansion this year, we might ask ourselves: How often in recent years have full-time G7 … [Read more...] about Prosperity Beckons in Viet Nam: Are Canadian Businesses Ready to Take the Leap?