With the new facility, FPT Software is the first Vietnamese IT company to open an office in the Korean market, pinning high hopes on strengthening the company’s presence there and becoming a world-class, billion-dollar company. FPT chairman Truong Gia Binh spoke at the opening ceremony Addressing the opening ceremony, FPT Corporation chairman Truong Gia Binh said, "Our business philosophy is to stay closer to our customers, which could let us reach and serve our customers better. FPT will continuously open new offices around the world. FPT Software's second office in Korea helps us expand our global network further and strengthens our ability to connect and accompany customers despite time and geography." According to FPT Software Korea CEO Ha Minh Tuan, the new office is expected to address the shortage of IT talent in the country. “We also see strong demand for technology solutions such as AUTOSAR, IVI, SAP, low-code, managed services, and digital transformation. … [Read more...] about FPT Software opens new office in South Korea
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Vietnam’s political security makes the country more attractive to Australian investors
Many Australian firms have tapped into the Vietnamese market due to Vietnam’s strengthened political security, apart from an efficient anti-corruption crackdown, heard a seminar on Vietnam-Australia education, culture, and cuisine promotion in Hanoi on Monday. The Australian side strongly believes that Vietnam will further improve transparency and the investment climate. The event, jointly organized by the Australian Trade and Investment Commission (Austrade), Hanoi authorities, and many enterprises, acted as a start for a series of similar seminars to be held in five cities and provinces this year, which marks the 50th anniversary of diplomatic ties between Vietnam and Australia. An Austrade representative delivers a presentation on the performance of the Vietnam-Australia partnership in 2022. Photo: Duy Linh / Tuoi Tre Australia picks Vietnam as an investment destination thanks to political security Eliza Chui, a representative of Austrade, said that many … [Read more...] about Vietnam’s political security makes the country more attractive to Australian investors
Walt Disney Co begins 7,000 layoffs
Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more "streamlined" business, according to a letter Chief Executive Bob Iger sent to employees and seen by Reuters. Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter. ESPN is not touched by this week's round of cuts, but is anticipated to be included in later rounds. The entertainment industry has undergone a retrenchment since its early euphoric embrace of video streaming, when established media companies lost billions as they launched competitors to Netflix Inc. Media companies started to rein in spending when Netflix posted its first loss of subscribers in a decade in early 2022, and Wall Street began prioritizing profitability over subscriber growth. Iger said Disney would begin notifying the first group of employees who are … [Read more...] about Walt Disney Co begins 7,000 layoffs
A laborer needs to save for 25 years to buy an apartment
It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment
Powerful plan mooted for tourism
Photo: Chi Cuong At VIR’s roundtable discussion on seeking a boost for inbound tourism last week, editor-in-chief Le Trong Minh opened the roundtable with a fact-based observation, and noted that the country has yet to unlock the full potential of its tourism industry. “While the tourism sector contributes a significant 9.2 per cent of the country’s total GDP, equivalent to $32.8 billion, this number remains low compared to the global average,” he said. In 2023, the tourism sector aims to welcome eight million international visitors. While this is a modest number compared to the level achieved in 2019 of 19 million visitors, it is a challenging target as the market is undergoing many changes and new trends post-pandemic. Explaining this, Hoang Nhan Chinh, secretariat director of the Vietnam Tourism Advisory Board assessed that group tours are seeing a decline, and tourists known as frequent independent travellers are on the rise. “An essential step is to understand the … [Read more...] about Powerful plan mooted for tourism