Thompson financials

Ericsson ranks highest in the 5G network infrastructure market in the latest Frost Radar™, leveraging its current leadership in 4G network infrastructure market. According to Frost & Sullivan, the 5G network infrastructure market includes radio access networks (RAN), transport networks and core networks, which may include one or more edge networks. In its latest report, Frost & Sullivan independently plotted the top 20 companies from a field of more than 100 global industry participants. These companies either lead the market overall, lead a market segment, or were thought leaders in certain segments. The Frost Radar™ reveals the market position of companies in a particular industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. Denis Brunetti, Head of Ericsson Vietnam, Myanmar, Cambodia and Laos states “At Ericsson, we continue to invest in R&D to build best in class and innovative product solutions for our customers. Being recognized as the leader in Frost Radar™ reinforces our technology leadership, market competitiveness, innovation and most importantly, our commitment to our customers. We will continue to further strengthen our 4G/5G portfolio to meet the needs of our customers.” Growth and Innovation indices The Frost Radar™ measures growth rates and absolute revenue, combining them with several other factors to measure a company’ performance along the Growth axis. It also measures innovation for each company by assessing its product portfolio, examining how scalable its innovations are and looking at the efficacy of its R&D strategy, as well as other factors. Commenting about Ericsson and the Growth Index, Troy Morley, Senior Industry Analyst, Frost & Sullivan’s Information & Communication Technology group, says: “As a leader in the 4G infrastructure market, Ericsson enters the 5G market with a large customer base. The company has done an excellent job keeping its …

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Fashion retailers like H&M have suffered from negative comments, photo Le Toan As a consequence of integrating the “nine-dash line” map into online shopping websites in the Chinese market, a great number of local young people have called for a boycott on the Swedish fashion brand, causing a week-long desert atmosphere to drift over most of its outlets in Vietnam. Xuan Huong, a 22-year-old student based in Hanoi, said that as soon as the case flared up, she became no longer interested in shopping with H&M. “I was very disappointed,” Huong stressed. “I used to be a fan of the brand because of the reasonable prices and eye-catching designs of most items. But from now, I may never purchase anything from H&M due to its disrespect to Vietnamese consumers who they have earned from for more than three years.” Dung Thang, a 25-year-old officer in the capital’s Ba Dinh district said, “Before this incident I had no intentions to buy any items from H&M because their quality is not good while also being overpriced. Now, this case has only cemented my decision.” Over a period of three days last week across Hanoi’s stores in Vincom Nguyen Chi Thanh and Vincom Mega Mall Royal City, there was a visible drop in the number of shoppers venturing into the store while visiting the malls. It was reported that customer numbers in other H&M outlets in Vincom Times City, AEON Hadong, and Vincom Mega Mall Ocean Park were slightly better, but not a patch on before the pandemic. A staff member in Vincom Times City even revealed that the number of customers is fewer than in 2020 at times when people were more inclined to avoid going out unless necessary. “The store last year was even more crowded than now,” the staff member said. Facing near emptiness for over a week, H&M Vietnam’s daily sales are at a large risk of seriously plunging, potentially interrupting its revenue targets in Vietnam for 2021. H&M’s financial report two years ago highlighted …

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Touchstone founders possess in-depth knowledge about startup and investment Touchstone is founded by Khanh Tran, former founding partner of VinaCapital Ventures – one of Vietnam’s leading investment management firms – and successful serial entrepreneur Tu Ngo, co-founder and chairwoman of YOLA Education. Touchstone aims to be a leading early-stage VC investor in Vietnam’s fast-growing technology ecosystem. With a young population of nearly 98 million and with 75 per cent of people of a working age, Vietnam is uniquely poised to capitalise on a demographic and digital dividend in a post-COVID world. Touchstone aims to be a leading early-stage VC investor in Vietnam’s fast-growing technology ecosystem. The country is teeming with entrepreneurial energy, fuelled by a large base of local technical, engineering, and corporate resources, as well as a healthy surge of returnees after years of education and work abroad, eager to chart their own destinies and build the future of Vietnam. With more than $2 billion in startup funding in the past five years, Vietnam’s technology ecosystem is now at an important inflection point, with a large, growing, and internet-savvy middle-income population, a conducive environment for innovation and technology adoption, and stable government policy coming together at the right time. The first steps of the entrepreneurial journey can often be the hardest and Touchstone is well-positioned to be the local go-to partner for founders in Vietnam. The fund supports founders through local insights and access, coupled with a global network and reach that resonates with the founders’ needs and aspirations. Sectors of interest include fintech, real estate, healthcare, edtech, and technology that enhances efficiency in major Vietnamese value chains like manufacturing and agriculture. Khanh Tran and Tu Ngo, Touchstone founders Khanh Tran graduated from Nottingham University with a BEng and MSc degree in …

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