Going beyond the SD-WAN hype in Asia: The early evangelistsBy Dipesh Ranjan (*) Dipesh Ranjan is Head for the Asia Pacific at NetFoundry Businesses in the Asia Pacific region (APAC) are actively considering increasing their investments in networking technologies based on the cloud. In a study by technology analyst firm IDC, they claimed that worldwide software-defined networking in a wide area network (SD-WAN) infrastructure and services revenues will grow at a compound annual growth rate (CAGR) of 69.6%, to reach US$8.05 billion in 2021. That is an impressive figure. IDC says that in Southeast Asia, almost 56% of organizations have already deployed, or are planning to deploy, SD-WAN. Almost 30% of those surveyed singled out the policy-based control and WAN optimization capabilities of SD-WAN as top drivers for implementing the technology. IDC Asia-Pacific says that most WAN traffic today – to and from branch and remote sites – is destined for the cloud on either … [Read more...] about Going beyond the SD-WAN hype in Asia: The early evangelists
Governance risk and compliance software
BUSINESS NEWS IN BRIEF 19/1
Hanoi 3rd in JLL's City Momentum Index The Asia-Pacific is home to 19 of the top 20 cities on the sixth City Momentum Index published by JLL, highlighting the continuing shift of fast urban growth from the West to the East. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Bengaluru and Hyderabad in India, with Hanoi third. “Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies, and people,” said Mr. Jeremy Kelly, Director of Global Research at JLL. “It’s clear that the tech sector is a key driver of both real estate and economic momentum - driven by large technology firms as well as dynamic startups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen.” Although the global economic cycle is in its late stages, there are still many cities in the … [Read more...] about BUSINESS NEWS IN BRIEF 19/1
BUSINESS NEWS IN BRIEF 21/12
Vietnam, New Zealand networking event discusses CPTPP The Vietnam Trade Office partnered with the Wellington Chamber of Commerce and the ASEAN-New Zealand Business Council to run the Vietnam-New Zealand Free Trade Breakfast last week, discussing various trade issues. The event gathered representatives from enterprises in Wellington and Auckland doing business in or have business transactions with Vietnam together with local trade promotion agencies. It provided an opportunity to network and hear directly from key figures in Vietnam and New Zealand to gain a better understanding of the benefits of the two countries’ trade relations, particularly as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is about to enter into force. Speaking at the event, Vietnamese Ambassador to New Zealand Ta Van Thong gave the attendees an overview of Vietnam’s economy, its CPTPP commitments relating to the domestic business environment, and support … [Read more...] about BUSINESS NEWS IN BRIEF 21/12
Legal due diligence vital for business acquisitions in Vietnam
Vietnam’s merger and acquisition (M&A) market has seen significant growth over the past decade with a total of 4,353 deals valued at $48.8 billion done. Last year there was the biggest M&A deal ever when Thaibev Group bought 53.59 percent of the country’s largest brewery Sabeco through its subsidiary. This interest is expected to spread to other booming sectors like energy and infrastructure, education, pharmaceuticals, and telecoms in the near future aided by the constant efforts by the government to ease the restrictions on foreign investment in several sectors. In practice, M&A transactions involve guidance from consultants with various kinds of expertise until the deal is closed. The performance of legal due diligence (DD) in conjunction with financial and business DD is the first step in a deal as a pre-contractual investigation before proceeding with any further negotiations between the relevant parties. In M&A transactions, legal DD serves to collate … [Read more...] about Legal due diligence vital for business acquisitions in Vietnam
Businesses requested to comply with software copyright laws
Belonging to the series of activities in the Action Month to commemorate the World Intellectual Property Day, the meeting discussed hot issues that have attracted much attention of the business community regarding software copyrights, especially after the revised Penal Code was effective as of January 2018. The workshop aimed at providing businesses and managers with more detailed information on new regulations in the Vietnamese law related to the observation of intellectual property rights (IPR). It also shows how businesses can ensure their data security, intellectual property rights, while avoiding the risk of illegal activities so that they can develop healthily. Mr. Tran Van Minh, deputy chief inspector of the Ministry of Culture, Sports and Tourism reported the task of implementing IPR in the field of computer software when the revised Penal Code was effective. “Article No. 225 of the revised Penal Code shows the determination of the Vietnamese government in fighting … [Read more...] about Businesses requested to comply with software copyright laws