Internet

Vietnam and Indonesia lead Southeast Asia with internet economy growth rates of more than 40 percent, according to a recent report (Photo: VNA) HCM City (VNS/VNA) — The Southeast Asian internet economy has expanded by 39 percent this year to hit 100 billion USD for the first time, according to a recent report by Google, Temasek and new partner Bain & Company. Vietnam and Indonesia lead with growth rates of more than 40 percent, while Singapore, Malaysia, Thailand, and the Philippines registered 20-30 percent growth. The e-Conomy Southeast Asia report for 2019 highlights the most significant industry trends observed in 2019 and analyses the current and future potential of the Southeast Asian internet economy across its six largest markets (Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam). This surge across the region is attributed to an influx of around 100 million new online citizens in the last four years.  This growing market of … [Read more...] about Vietnam, Indonesia lead ASEAN in internet economy growth

Viettel announced that it installed 1,000 NarrowBand-Internet of Things (NB-IoT) stations which cover 100% of HCMC. The telecom company also provides 5G coverage at Ward 12 and District 10. So far, HCMC was the first locality covered by 5G and IoT.  The military-run Viettel is among the 50 telecom companies in the world to have successfully deployed the narrowband internet of things (NB-IoT), a technology developed for devices supporting IoT connectivity. So far, about 10 countries supplied 5G services namely the RoK, Japan, China, the U.S., Australia, the UK, Spain, Sweden, Norway, and Rusia.  With its plan on commercialization of 5G tech, by 2020, Viettel would convert Viet Nam into one of the leading countries in 5G provision.  As scheduled, Viettel would cover NB-IoT across Ha Noi in September, then expand the services in Da Nang, and nationwide in the next two years. Viettel is ranked among the 15 largest telecom companies in the world in terms … [Read more...] about Viettel pilots 5G in HCMC

Revenues of B2C Ecommerce of India, Australia, Indonesia, Thailand, the Philippines, and Viet Nam in 2018 The country's e-commerce revenue, including goods and services, accounted for 4.2% of the total retail sales of goods and services, up 1.4% from 2015. As the number of internet users picked up 6% to 60% in 2015-2018, consumers conducted in e-commerce transactions rose from 30.3 million to 39.9 million in the reviewed period, the Whitebook shows. The Whitebook also shows that 61% of clothes, footwear and cosmetics were bought online while online transactions for home appliances and food accounted for 46% and 34% respectively. The value of each online transaction worth above VND 5 million (over US$200) climbed to 35% in 2018 from 24% in 2017. The quality of service and price were the two most important factors for consumers to make online transaction decisions. The Whitebook also reveals that 64% of the respondents said they bought goods on international … [Read more...] about B2C e-commerce estimated to reach US$8.06 billion in 2018

JOINT STATEMENT On the State visit to Viet Nam by H.E. Shri. Ram Nath Kovind,(Ha Noi, 20 November 2018) 1. At the invitation of H.E. Mr. Nguyen Phu Trong, President of the Socialist Republic of Viet Nam, H.E. Shri. Ram Nath Kovind, President of the Republic of India and his Spouse, paid a State visit to Viet Nam from 18 - 20 November 2018. The President of India was accompanied by a high-level official delegation, including Minister of State Shri Anantkumar Hegde, Members of Parliament, and a large business delegation. 2. The official welcoming ceremony for the President of India Ram Nath Kovind was solemnly held at the Presidential Palace, Ha Noi, on 20 November 2018. President Nguyen Phu Trong held delegation level talks and hosted a State Banquet in honor of the President of India. President Ram Nath Kovind also met Prime Minister Nguyen Xuan Phuc, President of the National Assembly Nguyen Thi Kim Ngan, and addressed the National Assembly of Viet Nam. President Ram Nath Kovind paid … [Read more...] about Full Joint Statement between VN-India

Ladies and gentlemen, At the outset, allow me to extend my warmest congratulations to His Majesty Emperor Naruhito, and express my belief that the Japanese people shall achieve even greater heights in national development during the new Reiwa period. May your country remain ever beautiful as your blooming spring under the shade of the cherry blossom. It is my great pleasure to address the 25th Future of Asia conference – a leading regional forum for policy dialogue – to discuss emerging trends, opportunities and challenges that our world is facing today, and share with you Viet Nam's efforts to contribute to the common cause of peace and prosperity. Allow me to make my contribution to our theme of “Seeking a new global order – overcoming the chaos”, as follows:  1. A new phase with its various uncertainties and challenges We are entering a phase of considerable political, social and economic uncertainty. The world is undergoing the most rapid and … [Read more...] about Deputy PM, FM Minh’s full remarks at 25th Int’l Conference on Future of Asia