Nguyen Minh Cuong Supply chains and value chains have become increasingly interchangeable. Value is added in almost every stage of the supply chain and, vice versa, the value chain is comprised of interrelated supply change stages from suppliers and manufacturers to customers. Global value chains (GVCs) have been the most predominant conduit of global trade and important channels for technology diffusion, and were the driving force of globalisation in the 1990s. Rapid evolution of GVCs in the 1990s was driven by profound trade liberalisation measures, which resulted in sharp reduction of tariff barriers to trade. The establishment of the World Trade Organization in 1995, the shift from import-substitute industrialisation to export-oriented growth, and the proliferation of regional trade agreements and free trade agreements (FTAs) fuelled global trade liberalisation. Significant advances in transport and communications in that decade allowed the fragmentation of production networks … [Read more...] about The non linear future of new global value chains
Future of big data
An overview of the seminar (Source: VNA) Sydney (VNA) - The United Associations of Vietnamese Students in New South Wales in Australia and the representative office of the Vietnamese Ministry of Science and Technology in Sydney jointly organised a seminar on technology themed “Data – Power to Future” on June 1 in New South Wales. Held at the University of Sydney, the seminar attracted the participation of nearly 100 Vietnamese students and post-graduates. The event provided Vietnamese students learning and working in Australia with basic knowledge on data analytics and its applications in common professions. Participants were offered a chance to listen to experts’ sharing about big data, artificial intelligence (AI) and data technology. Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. Big data can be analysed for insights that lead to better decisions … [Read more...] about Vietnamese students in Australia talk about big data
The Vietnam Actuarial Conference 2018 hosted by Prudential with the attendance of over 200 actuaries and insurance professionals discussing Big Data More insurance businesses are now planning to apply new technologies in their management systems and improve customer services, while many also plan to develop new products to meet market demand as well as diversify insurance sales channels, according to a survey released by Vietnam Report in June last year. In particular, 82.4 per cent of insurance companies said they were building a Mobile Internet development strategy and 64.7 per cent have adopted strategies based on two key factors in Industry 4.0: the Internet of Things (IoT) and Big Data. Disruptive technology Big Data provides new insights from social networks, telematics sensors, and other new information channels. As a result, it allows understanding customer preferences better, enabling new business approaches, product development, and enhancing existing internal models, … [Read more...] about How can Big Data drive the future of insurance?
The symposium themed “Environmental Auditing for Sustainable Development” -one of the most important contents of the agenda- demonstrates the ASOSAI community’s commitments and efforts to bring about practical contributions to the United Nations’ pursuit of Sustainable Development Goals (SDGs) with the settlement of global environmental challenges. In his speech, as ASOSAI Chairman for the 2018-2021 term, Ho Duc Phoc, who is also Auditor General of the State Audit Office of Vietnam (SAV), affirmed that the environment has become one of the most urgent global issues of prime concern to each nation. In the future, environmental challenges will pose serious threats to the development of nations, raising the higher importance of Supreme Audit Institutions’ (SAIs) tasks of carrying out environmental auditing for sustainable development. Cognizant of the importance of environmental protection for the nation’s sustainable development, and the role and … [Read more...] about ASOSAI 14: Utilizing Big Data for effective environmental audits
PwC Vietnam's general director shared her expert views with the audience at the Vietnam, Business Summit 2018 Growth in ASEAN David Wijeratne Last year marked the 50th anniversary of the Association of Southeast Asian Nations (ASEAN), a unique achievement considering the regional conflicts and poverty which characterised the region in the first half of the 20th century. The ASEAN’s remarkable growth journey to become the world’s sixth-largest economy has been powered by its people, with the establishment of a formidable labour force and the subsequent creation of a wealthier middle class which has driven domestic consumption. Challenges to ASEAN’s growth However, against this backdrop, questions have been raised about the sustainability of the ASEAN growth story. Global economic growth has slowed in recent years and this has impacted all markets across the ASEAN. GDP growth in Singapore (or the developed ASEAN) dropped below the global average to 2.0 per … [Read more...] about Time to act for the future of ASEAN