Stabilitas regional dari ancaman komunisme di asia tenggara telah melahirkan

Vietnam is the second fastest-growing digital economy in the world, following India, and has the fastest e-commerce growth in Southeast Asia, Vietnamese Deputy Prime Minister Tran Luu Quang said at the Vietnam Connect Forum 2023 held in Da Nang on Friday. According to the deputy prime minister, Vietnam has recorded an average digital economy growth rate of 38 percent per year over the past few years. The nation’s digital economy was valued at some US$23 billion last year. According to Google and Temasek, the value of Vietnam’s digital economy may reach $49 billion by 2025 and $120-200 billion by 2030. Meanwhile, the Vietnamese Ministry of Industry and Trade informed that Vietnam’s retail e commerce revenue in 2022 grew 20 percent year on year to hit $16.4 billion, making up 7.5 percent of the country’s total retail sales of consumer goods and services, news site Vietnamplus reported. Deputy PM Quang said boosting innovation is the top priority of countries to recover and … [Read more...] about Vietnam reports fastest e-commerce growth in SE Asia: Deputy PM

Poland wishes to foster multifaceted cooperation with Vietnam, the most significant partner of Poland in Southeast Asia, visiting Polish Minister of Foreign Affairs Zbigniew Rau has stressed in Hanoi. Minister Rau was speaking during his talks with Vietnamese Prime Minister Pham Minh Chinh on Thursday, as part of his two-day visit, starting a day earlier, to Vietnam at the invitation of his Vietnamese counterpart Bui Thanh Son. Rau said he is impressed with Vietnam’s socio-economic development achievements and stated that Poland wants to expand its comprehensive cooperation with the Southeast Asian nation, especially in areas where Poland has strengths, such as smart city building, green technology, environmental protection, and information technology. He emphasized in the presence of PM Chinh that Poland regards Vietnam as its most vital partner in Southeast Asia. The guest and host exchanged views on a number of measures to beef up cooperation in education and training, … [Read more...] about Vietnam most important partner of Poland in SE Asia: FM Zbigniew Rau

The award was based on a unanimous decision by the editors of IFR Asia, a leading regional capital markets magazine. The recognition from IFR Asia reaffirms the expertise and solution-driven approach of Citi’s capital markets and advisory teams in developing and executing complex transactions for clients in an ever-changing and challenging macro-environment. "Citi’s pan- Asian footprint and diverse sector coverage made it a bastion of stability, while its commercial bank enabled it to give issuers more options in rapidly changing market conditions," IFR Asia concluded in an editorial write up accompanying the award win. "This win is a recognition of the strength of Citi’s franchise, the competitive advantage of our global network and the passion and energy of our teams," Jan Metzger, head of Asia Pacific banking, capital markets and advisory at Citi, said. In Vietnam, the bank recently won the 2023 Golden Dragon Award for its role as an outstanding foreign enterprise promoting … [Read more...] about Citi wins award for bank of the year in Asia Pacific

OJK chief executive Ogi Prastomiyono (Photo: antaranews) Jakarta (VNA) – Indonesia accounts for around 40%, or 77 billion USD, of the total digital economic transaction value in Southeast Asia, the Financial Services Authority (OJK) has cited the e-Conomy South East Asia Report of 2022 as saying. The value of these transactions in Indonesia in 2022 grew 22% compared to the previous year, OJK chief executive Ogi Prastomiyono said on March 16. This achievement has made the country a significant digital economy player in the ASEAN region, he added. According to Prastomiyono, one of the factors supporting the growth of the Indonesian digital economy has been the number of financial technology companies (fintech) capable of creating efficiencies and more accessible financial services. As of January, there were 102 fintech companies connecting borrowers and lenders or offering peer-to-peer lending (P2P)./. VNA … [Read more...] about Indonesia makes up 40% of digital transaction value in Southeast Asia

Asia extended a global equities rally Wednesday as more pledges of government support soothed worries over the banking sector and provided some much-needed stability after more than a week of upheaval. The dialling down of volatility allowed traders to turn their focus on the US Federal Reserve's policy decision later in the day, with the recent turmoil fuelling hope it will hold off on an expected sharp hike in interest rates. With the recent crisis blamed on the central bank's steep hike in borrowing costs over the past year, pressure is building on officials to pause their monetary tightening campaign, with many observers even tipping several cuts by the end of the year. While that would deal a blow to the Fed's fight against elevated inflation, such a move is seen by observers as crucial to reinforcing stability and preventing another blow-up in the financial sector. US and European markets surged at least one percent Tuesday, building on Monday's advances, as … [Read more...] about Asia tracks Wall St rally as Fed decision replaces bank worries

Top live selling platforms in Southeast Asia. E-commerce sellers in the region use two channels for live selling on average to maximise their outreach to live shoppers. — Photo courtesy of Ninja Van Live selling is a trend that has gained popularity in Southeast Asia in recent years as a way for businesses to sell their products or services directly to consumers, according to a report conducted by Ninja Van Vietnam. The tech-enabled logistics company has released its first-ever white paper on live selling in Southeast Asia and shared live selling insights collected from over 1,000 of its e-commerce sellers across Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Viet Nam. “Live selling is an interesting marketing tactic for e-commerce sellers,” said Winston Seow, chief marketing and enablement officer at Ninja Van Group. "It’s the only tactic that can fast-track shoppers’ purchase journeys from awareness straight to conversion. Live selling also gives ecommerce … [Read more...] about Live-selling a rising trend in Southeast Asia

According to the World Tourism Organization (UNWTO), sports tourism contributes up to 30 per cent of tourism's total revenue in some countries. Many countries have changed their tourism images through major sporting events that considerably leveraged tourism development and economic growth. The linkage of sport-based tourism products and sporting events contributes to stimulating local tourism or reducing seasonality by attracting many tourists in the low season. In addition to the economic boost, sports tourism brings cultural connection between the local community and international tourists. Leading international sporting event centre of Southeast Asia In the heart of Central Vietnam, Danang–Hue–Hoi An plays a significant role in the economy, and tourism development nationwide, which is an important connecting point and the motivation for regional linkage development. In addition to the economic boost, sports tourism brings cultural connection between the local … [Read more...] about VGS Group accompanies central region in journey as international sports destination

Deputy Prime Minister Tran Luu Quang speaking at the Viet Nam Connect Forum on green growth and digital transition for central and central highlands region. — Photo courtesy of Vietnam Economic Times The central and Central Highlands region has been designated as one of the areas for fast economic and sustainable development, along with remarkable climate change resilience. Deputy Prime Minister Tran Luu Quang spoke at the Viet Nam Connect Forum – Breakthroughs for central Viet Nam – in the central city on March 17, emphasising that the region plays a crucial role in promoting rapid and sustainable growth. “The region needs to adopt green growth in agriculture, forestry, processing industries, the blue sea economy and tourism,” Quang said. “By 2045, the region should become the largest centre of high-tech industries, services and international cooperation in Asia. Drastic breakthroughs are necessary in the action plans of the provinces in the region to achieve sustainable … [Read more...] about Central region to go ‘green’ amid digital transition

Malaysian Minister of Communications and Digital Fahmi Fadzil (Photo: nst.com) Kuala Lumpur (VNA) – Malaysia n Minister of Communications and Digital Fahmi Fadzil said his country has the potential to become the leading digital hub of choice in Southeast Asia for foreign technology-based firms. Speaking at a launching ceremony of smart technology applications on March 21, the minister noted Malaysia has previously been a preferred destination for data processing providers because it has a strong communication and cyber security infrastructure as well as digitally literate citizens. He revealed that the selection by consumer technology company FreeYond, which is based in Shenzhen, China, of Malaysia as the first place in the region to market its product is a positive sign for the country. According to the minister, the move will not only have an impact in terms of investment, but this will make Malaysia a hub for many other technology-based products./. VNA … [Read more...] about Malaysia expects to become digital hub leader in region

The Monetary Authority of Singapore (MAS) building.(Photo: AFP/VNA) Singapore (VNA) – The Monetary Authority of Singapore (MAS) said on March 23 that the Nexus Project prototype of the Bank for International Settlements (BIS) has successfully connected with the payment systems of Europe,  Malaysia and Singapore. To enhance cross-border payments, the BIS Innovation Hub Singapore Centre developed the Nexus concept of a first-of-its-kind multilateral network connecting multiple domestic instant payment systems (IPS). Nexus prototype successfully connected the test IPS of the Eurosystem, Malaysia and Singapore, allowing payments to be sent across the three using only mobile phone numbers. In the next phase, BIS and the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will jointly work towards connecting their domestic IPS through Nexus. For the next phase of the project – in line with their November 2022 Memorandum of Understanding on … [Read more...] about Singapore promotes instant payment system connectivity in Southeast Asia