The smartphone market share in 2018 The Gioi Di Dong and FPT, two of three biggest hi-tech product distributors, will bear little impact from the ban on Huawei because Huawei products account for 4-6 percent of total revenue, while Digiworld will actually benefit, according to VnDirect Securities. Huawei’s smartphone products accounted for about 4 percent of Vietnamese market share, or VND2.65 trillion in 2018. The strength of the Chinese phone brand is not too high and people will shift to use other mid-end brands. For The Gioi Di Dong and FPT Retail, the sales of Huawei products account for 4-6 percent of their total sales. Since there are a lot of alternative products, the ban on Huawei won’t lead to a sharp fall in the retailers’ revenue. However, both of them face risk from inventories, and the sale of Huawei products on installment. There are two major scenarios. First, Huawei and partners will share the costs to deal with inventory by slashing selling … [Read more...] about Are Huawei’s troubles affecting Digiworld, The Gioi Di Dong, FPT Retail?
There are still around 55,000 videos with "toxic, illegal" content on YouTube. Photo by Shutterstock. Minister of Information and Communications Nguyen Manh Hung said at a meeting Tuesday with businesses advertising on Google that international businesses have not bothered to invest in developing algorithms to block inappropriate content though have the technology to do so. They need to follow Vietnam’s laws like they do in their own country, he warned. "Vietnam does not welcome cross-border businesses which do not comply with its laws. The government will use all legal, economic and technical means to ensure they follow regulations." Hung said his ministry would "clean up" cyberspace for Vietnamese users, create a legal framework to punish toxic content creators and force businesses to acquire tools that prevent their ads from being displayed together with toxic content. The meeting was convened by authorities after they had recently discovered many ads displayed … [Read more...] about Vietnam to block Google payment for inappropriate YouTube content