Vietnam Airlines is aiming to become a digital carrier by 2025. How is it doing so far? Hoang Ngoc Chi, deputy director of the Digital Transformation Centre In 2022, Vietnam Airlines cooperated with Viettel Corporation to build a digital transformation strategy and the roadmap to implement that strategy. At the end of 2022, we issued a digital transformation strategy, in which visions, missions, and goals were clearly set out to become a digital airline by 2025, and have clearly worked out how to make it happen. Vietnam Airlines has a good starting point, with a digital maturity level at 1.57 points in 2022 out of a total of five points, as based on indicators for large enterprises as developed by the Ministry of Information and Communications. According to the digital transformation criteria, there are six main categories: customer experience, digital strategy, digital technology, digital operation, digital culture, and data. According to this criterion, to become a … [Read more...] about Vietnam Airlines steadfast in going digital by 2025
Flights vietnam to singapore
Singapore blows up 100kg World War Two bomb
SINGAPORE -- Bomb disposal experts in Singapore successfully disposed of a 100kg World War Two aerial bomb on Tuesday, police said, after evacuating more than 4,000 people living nearby. In a video posted by the Singapore Army, the bomb was seen being detonated at a construction site, with a loud boom It was believed to be one of the largest wartime explosives discovered in the Southeast Asian city-state. The war relic, which was unearthed last week, had been deemed unsafe to move, hence had to be disposed of on-site by the military, according to the police. After the detonation, buildings and roads were deemed structurally safe and residents were allowed to return home, police said. Singapore authorities made no reference to the origin of the bomb. Another 100kg World War Two bomb was found and disposed off in 2016, though no civilian evacuations were reported back then, according to local newspaper The Straits Times . During World War Two, Singapore was occupied by the … [Read more...] about Singapore blows up 100kg World War Two bomb
Vietnam Stock Exchange becomes official member of WFE
VNX becomes an official member of the World Federation of Exchanges. — VNA/VNS Photo The Vietnam Stock Exchange (VNX) said it has become an official member of the World Federation of Exchanges (WFE) following voting by the WFE General Assembly as part of the federation’s annual meeting from September 19-21. The membership marks an important step forward in international integration and cooperation of the VNX, contributing to promoting and attracting foreign investment in the domestic stock market. The Hồ Chi Minh Stock Market (HOSE) and the Hanoi Stock Exchange (HNX) that are subsidiaries of the VNX will also benefit from the membership. Last year on April 22, VNX became a member of the Asian and Oceanian Stock Exchanges Federation (AOSEF) – a non-profit organisation founded in 1990 with 17 regional stock exchanges as its members. On September 15 the same year, VNX joined the ASEAN 3 Bond Market Forum which was established in May 2010 with experts and financial organisations … [Read more...] about Vietnam Stock Exchange becomes official member of WFE
Vietnam’s tourism industry loses US$23 billion because of COVID-19
The Vietnam National Administraiton of Tourism (VNAT) estimates that the number of foreign travelers to Vietnam has been 3.7 million this year, a sharp fall of 80% compared with 2019. The number of domestic travelers is predicted to decrease by 50% despite a lot of sale promotion programs. However, COVID-19 offers an opportunity to reconsider the tourism market structure. Vietnam relies heavily on the northeastern market (China, Japan, the Republic of Korea and Taiwan) which brought 67% of total foreign travelers in 2019. In 2015-2019, Chinese and Korean travelers to Vietnam increased by 34%-40%. The two markets alone brought 10 million last year out of total 18 million foreign travelers. Meanwhile, travelers with high spending levels accounted for a small proportion. Travelers from European countries accounted for 12%, from the US 5.4%, and Oceania 2.4%. The heavy reliance on certain markets leads to huge losses when troubles like COVID-19 occur. In some localities, the … [Read more...] about Vietnam’s tourism industry loses US$23 billion because of COVID-19
iPhone 15 prices plunge 20% in three days
Smartphone shops in Hanoi and Ho Chi Minh City on September 26 offered the VND40 million price for 256GB storage option. Higher storage options of 512GB and 1TB cost VND45 million and VND58 million, respectively. Traders queued up to buy the product at Apple stores in Singapore and Thailand and brought them to Vietnam unofficially. The first ones were available on Friday last week, one week before they are sold officially in Vietnam, at prices around VND70 million, or nearly 50% higher than official prices in Vietnam. Nguyen Hieu, owner of an unofficial Apple shop in Hanoi, said that he had anticipated the drop in prices this year as the iPhone is sold in Vietnam only one week later than Apple’s tier-1 markets, compared to several weeks in previous years. He only bought 20 iPhone 15s to sell in the last three days. Retail chains are reporting a shortage of the most expensive option, the iPhone 15 Pro Max, due to high demand from preorders. Customers will … [Read more...] about iPhone 15 prices plunge 20% in three days
VNX becomes official member of World Federation of Exchanges
VNX becomes an official member of the World Federation of Exchanges . (Photo: VNA) Hanoi (VNA) – The Vietnam Stock Exchange (VNX) said it has become an official member of the World Federation of Exchanges (WFE) following voting by the WFE General Assembly as part of the federation’s annual meeting from September 19-21. The membership marks an important step forward in international integration and cooperation of the VNX, contributing to promoting and attracting foreign investment in the domestic stock market. The Ho Chi Minh Stock Market (HOSE) and the Hanoi Stock Exchange (HNX) that are subsidiaries of the VNX will also benefit from the membership. A WFE webpage screenshot Last year on April 22, VNX became a member of the Asian and Oceanian Stock Exchanges Federation (AOSEF) – a non-profit organisation founded in 1990 with 17 regional stock exchanges as its members. On September 15 the same year, VNX joined the ASEAN 3 Bond Market Forum which was … [Read more...] about VNX becomes official member of World Federation of Exchanges
Vietnamese plastic producer required to return $6.4mn to Japanese firm after losing lawsuit
Vietnamese plastic producer Rang Dong Holding JSC recently lost a lawsuit against Japan’s Sojitz Pla-Net Corporation regarding their shareholding agreement and is obligated to return nearly VND157 billion (US$6.4 million) to the Japanese corporation and pay for related fees and charges. In 2017, Sojitz Pla-Net Corporation and Rang Dong Holding inked a share transfer contract in which the former acquired five million shares at Rang Dong Long An Plastic JSC, a member of Rang Dong Holding, at over VND174 billion ($7.2 million). The Japanese firm made full payments for the batch. After the share transfer, Sojitz accused Rang Dong Holding of failing to fulfill its obligations as stated in the contract. As a result, the Japanese corporation terminated the contract and requested Rang Dong to return 90 percent of the paid share cost, equivalent to nearly VND157 billion. Since Rang Dong refused to return the amount, Sojitz filed a lawsuit at the Singapore International Arbitration … [Read more...] about Vietnamese plastic producer required to return $6.4mn to Japanese firm after losing lawsuit
Quang Ninh seeks ways to attract Muslim tourists
The “big piece of cake” is available There are about 2.1 billion Muslims globally. The yearly amount of money they spend is estimated at about USD 10 trillion. Most of Muslim tourists to the province come from the Middle East, India, Pakistan, Malaysia, Singapore, and Indonesia with stable and strong financial resources and willingness to pay. According to experts, Islamic tourism, also known as Halal tourism is shifting to Southeast Asian countries, including Vietnam. However, according to Ms. Tran Nu Ngoc Anh, an E.U. project expert, CEO of Dong A Hotel Group Joint Stock Company, to tap Islamic tourism, it requires tourist destinations, accommodation facilities, restaurants to have separate reception space and other facilities that meet their dietary needs, strict religious living habits, respect for different religious rituals, and separate reception times to avoid overlapping with reception times for other guests. Therefore, it needs the synchronicity and accuracy in … [Read more...] about Quang Ninh seeks ways to attract Muslim tourists
Defining the role of the press in business
Keijo Norvanto, Ambassador of Finland to Vietnam On behalf of the Embassy of Finland to Vietnam and the Finnish business communities in Vietnam, I would like to congratulate Vietnam Investment Review on its 32 nd anniversary. I would like to express our appreciation to the VIR editors and its dedicated and talented reporters for their continuous work, introducing the Vietnam business environment and opportunities to Finnish businesses. Moreover, VIR ’s continuous cooperation with us provides the audience with Finnish experiences and know-how in education, circular economy, and other advanced technologies. The Vietnamese government committed to net-zero by 2050 and recently joined the Just Energy Transition Partnership declaration that aims to contribute to Vietnam’s sustainable development. In that, Finland possesses globally competitive technology and expertise in many areas, which will help Vietnam achieve the country-set targets. Additionally, our proven … [Read more...] about Defining the role of the press in business