Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy
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Vietnam’s OnPoint bags $50 million in Series B from SeaTown
According to OnPoint’s statement, SeaTown's expected total investment of up to $50 million will be the largest private investment in the Southeast Asian e-commerce enabler industry in the last five years. It will support OnPoint in further investing in its best-in-class omnichannel marketing and sales solutions to better serve brands and consumers. In addition, the company said, the partnership would allow the company to tap into SeaTown's vast networks and experience in the digital economy and consumer sectors across Southeast Asia and globally. Most recently, SeaTown made investments in the CrownX Corporation and Golden Gate Group in Vietnam. Dickson Loo, managing director at SeaTown said, "In one of the fastest-growing e-commerce markets globally, OnPoint has proven to be the best-in-class e-commerce enabler supporting a large portfolio of local and international brands. We strongly believe that, with its unparalleled experience and capabilities, OnPoint is well-positioned … [Read more...] about Vietnam’s OnPoint bags $50 million in Series B from SeaTown
Vietnam leaps up global quality of life ranking
Vietnam earned a score of 78.49 to rank 62 out of 165 countries and territories included in 2021 World’s Best Countries For Quality of Life recently released, moving up its ranking of 101st out of 171 countries in the previous edition. The ranking was determined based on 10 key categories: affordability, economic stability, family-friendly, a good job market, income equality, political neutrality & stability, safety, cultural influence, well-developed public education system and well-developed public health system. Each attribute was graded on a 100-point scale. Compared to Southeast Asia peers, Vietnam lags behind Singapore (19th place), Thailand (38th), the Philippines (39th), Malaysia (41st) and Indonesia (58th), though ranking above Myanmar (101st), Cambodia (111th) and Timor-Leste (149th). Laos was not included in the report. Finland tops the list with 99.06 points. Denmark and Norway each earned an overall score of 98.13 and 96.75 to complete the global top three. … [Read more...] about Vietnam leaps up global quality of life ranking
☀️ Morning digest on June 28
Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency . - General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong on June 27 held phone talks with President of the Cambodian People’s Party (CPP) and Prime Minister Samdech Techo Hun Sen. Read full story An overview of the talks between NA Chairman Vuong Dinh Hue and Speaker of the Hungarian NA László Kövér (Photo: VNA) Welcoming the Vietnamese top legislator and the high-ranking Vietnamese delegation to Hungary, Kövér affirmed that Hungary considers Vietnam an important partner in Southeast Asia. He highlighted that the friendship and cooperation between the two countries have been tested in difficult times during COVID-19 period. He thanked the Vietnamese NA for giving Australia sincere support in the first days of COVID-19 outbreak. Read full story Read full story Vietjet and Da Nang exchange their MoU and annouce the … [Read more...] about ☀️ Morning digest on June 28
Hoi An among world’s best places to visit in July
"As the monsoon rains fall in Hanoi and Ho Chi Minh City, savvy travelers in Vietnam head to the central coast where the weather is dry and warm," the magazine said. Hoi An, a 400-year-old town that used to be the busiest trading port in Southeast Asia in the 16th century, is an ideal place where tourists are able to step back in time, it said. "In Hoi An, lantern-strewn streets reveal Chinese temples and ancient tea-houses." Once a convergence point for Chinese traders, it's not difficult to see ancient temples and assembly halls with a touch of Chinese architecture that worship red-faced General Quan Cong (Guan Yu), an eminent figure in the Three Kingdoms legend and China’s ancient civil war. Time Out also suggested visitors leave Hoi An and laze on the stretches of white sandy beaches around Da Nang before conquering Hai Van Pass on a motorbike tour, and visit Hue’s Imperial Citadel that used to witness the ups and downs of Nguyen Dynasty, Vietnam’s last royal family. In … [Read more...] about Hoi An among world’s best places to visit in July
Vigalcera promotes green technologies in production
The Viglacera booth at Vietbuild 2022 in HCM City. Viglacera has cooperated with the world's leading experts in designing and transferring green technologies. — Photo courtesy of the firm Viglacera takes “pioneer in green technology” as its core value, said Phung Viet Quang, General Director of Viglacera Ceramic Tiles Joint Stock Company, at a networking event themed 'Touch the future' held in HCM City last week. Organised under the Vietbuild exhibition 2022, the event aimed to connect and create opportunities for influential individuals in the field of design and architecture to introduce new products and connect sustainably with domestic and foreign experts. The event showed how green technologies are efficiently used in energy and resources in the entire process of socio-economic activities to minimise the emission of greenhouse gases and pollutants. Prominent technologies were mentioned, such as technology to reduce greenhouse gas emissions, efficient use of energy; brick … [Read more...] about Vigalcera promotes green technologies in production
Ministry works to create modern national digital infrastructure
Ho Chi Minh City Urban Traffic Management and Operation Centre (Photo: VNA) Hanoi (VNA) - The Ministry of Information and Communications (MIC) will exert efforts to create a modern and safe national digital infrastructure , and a new space for digital economic growth, and developing e-government towards the building of a digital government. The goal is set in the ministry’s action plan for the implementation of the National Strategy on the fourth Industrial Revolution by 2030. Under the plan, by 2025, Vietnam's e-government index according to the United Nations' ranking will be in the group of four leading countries in Southeast Asia. Vietnam will rank among the top 40 countries in terms of the Global Cybersecurity Index of the International Telecommunication Union (ITU). The proportion of the digital economy will reach 20% of GDP, and the proportion of the digital economy in each industry or field will reach at least 10%. By the year, over 50% of the population … [Read more...] about Ministry works to create modern national digital infrastructure
New damselfly found in central Vietnam
A new species of damselfly, an insect closely related to the dragonfly, has been discovered by a researcher from Da Nang’s Duy Tan University studying biodiversity in the Central Highlands province of Kon Tum. Damselflies and dragonflies are indicative of the water quality and general health of an ecosystem. They also help protect crops from pests. Dr. Phan Quoc Toan first wrote publically about the newly discovered species in an article published in the international journal of Zootaxa in early February, where he announced it would be named Coeliccia lecongcoi in honor of the scientific contributions made by Le Cong Co, the first president of Duy Tan University in the central city of Da Nang. Two damselflies of the Coeliccia lecongcoi are seen in tandem in this photo taken from Phan Quoc Toan’s paper published in Zootaxa in February 2019 . Phan Quoc Toan shows Coeliccia lecongcoi, the latest damselfly that he found in Vietnam and was featured in a … [Read more...] about New damselfly found in central Vietnam
Kredivo introduces its newest Buy Now Pay Later offer
With the launch of its revamped offering, Kredivo and VietCredit are pioneering by providing a very unique product in the Buy Now Pay Later space across the country. It is in line with its ambition to bring innovative payment solutions for the benefit of the Vietnamese people. In the last few years, Vietnam's e-commerce has experienced unprecedented growth and evolution, becoming one of the fastest-growing digital economies in Southeast Asia. It is expected to become one of the largest digital economies over the next few years. According to the Vietnam E-commerce Association, e-commerce grew by more than 20 per cent in 2021 and is valued at $16 billion. Market growth and potential rely on solid fundamentals, including a large and young population, high internet and mobile devices usage, and a high online purchase frequency. To sustain and increase the industry’s development rate over the coming years, the Vietnam e-commerce ecosystem has to solve some structural bottlenecks, … [Read more...] about Kredivo introduces its newest Buy Now Pay Later offer