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Tokopedia's success lesson Founded in 2009, Tokopedia is one of Indonesia's tech unicorns. According to CB Insights (U.S.), Tokopedia's value reached $7 billion as of June 2020, becoming the third largest unicorn in Southeast Asia, behind Grab (Singapore) and Gojek (Indonesia). Tokopedia was developed as a shopping platform where any business could easily arrange and sell its products. William Tanuwijaya, co-founder of Tokopedia, said that the company's business model is similar to Alibaba's as it combines Toko (shop) and encyclopedia. In 2018, Tokopedia launched the Mitra Tokopedia app for warungs - small family-owned businesses that usually cater to a neighborhood. Mitra Tokopedia has recorded one million downloads in the island nation that has two million warungs. Tokopedia has been successful in bringing technology into Indonesia's grocery stores. Photo by Tokopedia Mitra Tokopedia has gained popularity and is now present in more than 20 major cities, … [Read more...] about VinShop aims for success as store connection platform

A coach crashed into a coffee shop in the southern province of Ca Mau, killing one and injuring four others. The incident happened in Tac Van Commune in Ca Mau City at around 9 am on Thursday when the coach hit a local coffee shop. The scence of the accident The victims were four workers from a communications firm who were working near the café and the driver. Part of the coffee shop was damaged by the vehicle. The police quickly came to the scene to control the traffic. According to an official from Tac Van Commune, when the coach was trying to avoid another vehicle when it collided with the coffee shop. … [Read more...] about Coach hits Ca Mau coffee shop leaving one dead

The meeting held by the Authority of Broadcasting and Electronic Information (photo: Dangcongsan.vn) Accordingly, partners in the MoU are going to join hand in receiving reports on fake news on the Internet, verifying them, and then delivering official conclusion on the precision of those news pieces. In the first 6 months of 2022, functional agencies increased their monitoring of popular international social networks. They have asked the four major ones, namely Facebook, Google, TikTok, and Apple to stop and remove false information on their platforms. In related news, on June 30, the Alliance of Online Video Game Producers and Publishers in Vietnam was also established under the name of Vietnam Game Development Alliance (VGDA). The Aliance has 40 active members in the field of online games. By Ba Tan – Translated by Thanh Tam … [Read more...] about Functional agencies cooperating to handle fake news on cyber space

Trade promotion plays a key role for the dairy sector How has the dairy sector recovered from the pandemic? Despite the prolonged pandemic, the domestic dairy market still reached VND113.7 trillion in revenues in 2020 and VND119.3 trillion in 2021. The country produced about 1.77 billion liters of fresh milk in 2021, up 4.5 percent compared to 2020, while powdered milk volume saw positive growth of 13.1 percent year-on-year to 151,500 tonnes. Vietnamese dairy businesses have strengthened trade promotion activities and sought export markets. Currently, Vietnamese dairy products are available in 50 countries and territories. In 2021, the sector had a turnover of nearly US$300 million. Milk is a special product and export markets always put quality at the top. Therefore, Vietnam’s milk and dairy product exports to foreign markets are considered a great success. Tran Van Trung, chairman of the Vietnam Dairy Association What are the opportunities for the dairy … [Read more...] about Dairy sector milks trade agreements for greater opportunities

More than 100 Japanese companies in the food industry and 30 in cosmetics are looking for partners and expanding business in Vietnam. Japan Street, an online catalog site, is expected to further enhance business cooperation between Vietnamese and Japanese enterprises and further contribute to bilateral relations. Deputy Head of JETRO in Hanoi Keisuke Kobayashi at the event. Photo: Hai Yen Project Manager at the Japan External Trade Organization (JETRO) in Hanoi Yutaka Yasunaga stressed the view during a press briefing on the platform held today [June 30]. According to Yasunaga, “Japan Street” would help connect Japanese suppliers with overseas buyers, including those from Vietnam. Yasunaga said that the Covid-19 pandemic and the restriction measures adopted by countries around the world have made it difficult to set up direct meetings between buyers and suppliers. “An online platform, therefore, is considered an effective solution to avoid disruption to … [Read more...] about “Japan Street” to bolster Vietnam-Japan business cooperation: JETRO

One Mount is the only enterprise in Vietnam to receive a global award from Google Cloud For the past year, One Mount and Google Cloud have worked together to build the largest technology ecosystem in Vietnam. The strategic collaboration sees One Mount leveraging Google Cloud’s open, scalable, secure-by-design, and carbon-neutral infrastructure and services across the Group’s core lines of business in retail and real estate – including products and services like VinShop, VinID, and OneHousing. With VinShop as the local market leader in online and technology-enabled grocers, One Mount has integrated solutions from Google Cloud to digitalise and modernise the entire fast-moving consumer good supply chain in Vietnam. The move has brought great value and solved key pain points for multiple stakeholders, from manufacturers and distributors to grocers and customers. VinShop owns a modern warehouse system, managed and operated by technology The integration has been … [Read more...] about One Mount honoured by Google as Best Partner in Supply and Logistics

After five years, Beyond has 33 full-time employees and more than 3,000 part-time employees working in different cities across the country in various marketing fields such as brand communication, commerce, and offline and online marketing. Besides this, the company also produces and organises large and small events for domestic and international customers and partners. Beyond Communication’s representatives at the SME100 Awards 2021 ceremony Instead of separating offline and online marketing activities, Beyond has combined them into a unified whole, creating campaigns into valuable and effective 360-degree marketing circles that offer actual and distinct value for each customer. Despite starting as a startup, Beyond has continuously strived to achieve a growth rate of 20-30 per cent per year for the past five years, both in terms of company capacity and total revenue from the projects. All are reflected transparently through the results of financial and business … [Read more...] about Beyond Communication to win the SME100 Awards 2021

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. – President Nguyen Xuan Phuc appreciated Cao Dai followers’ contributions to the country throughout history while receiving leaders of the religion’s churches and organisations in Hanoi on June 29. He said Caodaism is a religion coming into being in Vietnam, and during its development process, it has helped diversify the country’s traditional culture and uphold solidarity when encouraging its dignitaries and followers to stand side by side with the nation. Read full story – National Assembly (NA) Chairman Vuong Dinh Hue and Speaker of the UK’s House of Commons Lindsay Hoyle discussed various issues regarding cooperation between the two legislatures during their talks in London on June 29 morning. The two sides also exchanged views on their cooperation at multilateral forums and on regional and global issues of mutual interest. They focused discussions on measures to further … [Read more...] about ☀️ Morning digest on June 30

Hanoi's GRDP growth in the first half of this year shows the economic recovery with the development of many key industries. Hanoi's economy has posted solid growth in the first six months of 2022, director of the municipal statistics bureau Dau Ngoc Hung said at a press conference on June 30. The city's gross domestic product (GDP) has expanded by 7.79% compared to the same period last year, in which, growth in the first and second quarters was 6.02% and 9.49%, respectively, Hung said. He stressed that GRDP growth in the first half of this year is higher than that in the six-month periods in recent years, showing a clear trend of recovery and development quarter after quarter of key industries. In addition, the services sector in the first six months of the year increased by 9.05% year-on-year (with increases of 6.4% and 11.68% in the first and second quarters, respectively) and contributed 5.91 percentage points to the growth of GDP. Director of the Hanoi … [Read more...] about Hanoi’s economy posts solid growth in first half of 2022

Illustrative image (Source: VNA) Hanoi (VNA) – An online conference will take place from July 5 - 6 to connect Vietnamese and Japanese businesses in the support industries, aiming to help domestic firms seek partners and boost exports. The event, held by the Vietnam Trade Promotion Agency (Vietrade), Vietnam’s Trade Office in Japan, and the ASEAN - Japan Centre , will also help Vietnam ese businesses in the support industries to access new trends in the market, advanced technologies, and potential partners from Japan in order to develop more professionally. It will assist enterprises in Vietnam to maintain connectivity with the Japanese side and explore export opportunities, according to Vietrade. Statistics show that over the past years, Vietnamese companies have developed in terms of both quantity and quality. They have improved production capacity and are increasingly engaged in global production chains. The number of those firms currently accounts for … [Read more...] about Virtual event to connect Vietnamese, Japanese firms in support industries