Shipbuilding industry corporation

By John Frangos - Partner, Tilleke & Gibbins The COVID-19 pandemic has caused the aviation industry to face arguably the most challenging time in its history. Airlines across the world, including in Southeast Asia, have been deeply affected by the prolonged and universal halt to international air travel. Domestic flights have provided some much-needed revenue to local carriers. But with multiple and unforeseen waves of new virus cases, lockdowns and other travel restrictions, and a public generally fearful of travelling, domestic flights have not been enough to make up for the massive shortfall in revenue lost from international air travel. Despite all the current gloom for the aviation industry, there may be light at the end of the tunnel as the world glimpses life after the pandemic. This is mainly down to vaccinations. With people confined to their homes for over a year in many Western countries, there is pent-up demand to travel. As those people are vaccinated, they will want to get out of their houses and fly somewhere. Moreover, household savings have increased for those fortunate enough to be working throughout the pandemic in their homes, and with few options to go out and spend. This combination of travel demand and increased disposable income is a strong combination for positive growth in the post-pandemic aviation industry. In the context of Vietnam, which to date has managed to minimise outbreaks from occurring in the country, from around the middle of September 2020 airlines announced to fly again and increase the frequency of many domestic flights. Airlines also sought to restore some international commercial routes to meet the needs of passengers, contribute to connecting trade, and maintaining production and business activities. However, despite domestic demand, true recovery and economic success can only occur when passengers can again travel internationally, both inbound and outbound. As such, the critical questions are when the …

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Huawei launched the first household rooftop solar power project using smart storage in HCM CIty. — Photo courtesy of the firm Huawei Technologies Company Ltd (Viet Nam) has launched a household rooftop solar power project using smart storage, the Huawei FusionSolar. The system was installed on the rooftop of Redsun-ITI Corporation in HCM City’s District 5. The rooftop solar power system came into operation in Viet Nam in March, marking a new achievement in using technology to make full use of renewable energy, helping reduce emissions, protect the environment, as well as save electricity costs for users. Diep Bao Canh, General Director of Redsun-ITI Corporation, said: “After a month of operation, the 7.37kWp system has provided 995kWh, reducing 824 kilos of CO2. Based on the above data, it can be seen that within 4-5 years, customers will be paid back when investing in this roof voltage system.” Canh said the system is flexibly designed, operates stably and optimises the energy generated from the solar power system, bringing high output to help save electricity costs. Dao Du Duong, the Chief Representative of the Viet Nam Clean Energy Association in HCM City, said solar power in the future will continue to develop. However, the market still depends on State policies to set a future development orientation. Therefore, it is advisable to focus on projects that are households using electricity, providing reasonable investment advice, combining the development of integrated storage battery projects so households can use electricity even when there is no light. Huawei entered the solar power market in Viet Nam in 2018 and has become one of the leading equipment suppliers in all sectors, including solar farms, rooftop solar power, commercial and household industry. Alen Zhang, business director of solar power solutions in Viet Nam, said: "Huawei always puts safety first. Huawei is constantly innovating and improving technology to provide customers with …

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Dam Nhan Duc, head of Research and Development of MB The Fourth Industrial Revolution has brought about significant innovations in banking and finance activities. Consumers are spending more and more time on online platforms using their mobile phones and personal computers. This rate has further increased as the COVID-19 pandemic broke out. This has given banks more favourable conditions to develop digital products and modern banking applications in order to attract customers. In recent years, banking apps in Vietnam have been ceaselessly updated, constantly launching new features. This shows Vietnamese banks’ relentless efforts in fostering digital transformation. Digitalisation is a must In recent years, the government has isssued a large number of decisive resolutions to promote digital transformation, such as Resolution No.1/NQ-P dated January 1, 2020 regarding the pilot institutional framework (sandbox), Resolution No.50/NQ-CP dated April 17, 2020 issuing guiding policies to actively participate in the Fourth Industrial Revolution, and Decision No.316/QD-TTg on the pilot usage of telecommunication accounts to pay for goods and services of small value. The increasingly rapid growth of the pandemic and the superiority of technology are the driving forces for organisations to stimulate digital transformation. Digital banking is a journey, not a destination. It requires a comprehensive strategy for change in all aspects, from business thinking to organisational culture. Cashless payment not only helps improve the management efficiency of state administration authorities but also saves time and costs for citizens. To do so, developing mobile money and digital banking is a must. The increasingly rapid growth of the pandemic and the superiority of technology are the driving forces for organisations to stimulate digital transformation. Potential is enormous Vietnam is in its “golden population structure” with nearly 70 per …

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