TikTok, a product of Bytedance, a Chinese software company headquartered in the U.S., offers a short video sharing application, 15 seconds per video for basic accounts. It’s initial content is primarily lip syncing, dancing, or recording with fancy stickers and other effects. The TikTok app has quickly attracted the attention of many young people, particularly at school age, but is yet to appeal to older adults. Diep Que Anh, national director of communications for TikTok Vietnam and other emerging markets, said that the application is trying to "age" its content to widen its user coverage. It has to do this before it can become an advertising platform that can satisfy the demands of its client brands, some experts and industry insiders have said. Not revealing specific numbers, Que Anh estimated that Vietnamese users spend an average of 28 minutes per day on TikTok. Its prime time, when the app sees the highest traffic in the country, is 6 p.m.-8 p.m. every Friday and Saturday. … [Read more...] about YouTube competitor TikTok plans to get ticking in Vietnam
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A co-working space in Ha Noi. The proliferation of co-working space in the country has been viewed as helpful to the fast-growing start-up scene. — VNS Photo Bao Hoa Banking on solid economic growth, a young population and strong internet coverage, Viet Nam has been making efforts to become a start-up nation. The country has set its sights on having one million active businesses by 2020, and at the core of this community will be 5,000 innovative start-ups at the forefront of technology, ushering the country’s labour-intensive growth into the new age of digitisation and out of the middle-income trap. The Government started getting serious about the issue in 2016 – marking the year as the national start-up year and putting in place the Prime Minister’s ‘National Programme for Supporting an Innovative Startup Ecosystem through 2025’, or Project 844. According to FPT Insight, a start-up ecosystem involves several stakeholders, including the Government, … [Read more...] about VN’s start-ups have ambitious plans, but is red tape holding back development?
The Fourth Industrial Revolution is changing various economies across the world, including Vietnam while the investment of foreign technology companies in the country brings about both opportunities and challenges to domestic enterprises, forcing them to produce more competitive goods. Viettel, one of the leading telecommunication enterprises in Vietnam, understood its mission of supporting people nationwide to reach the best services, including money transferring, payment, loans, and savings. Representative from the Viettel Telecom of the Military-Run Industry and Telecommunication Group sharing information about ViettelPay The release of ViettelPay allows customers to transfer money, make payments, deposit money, and even offers loans. It also assists mobile phone users to access banking services anytime, anywhere, and on any cell phones. The service is expected to make digital payments and e-commerce services increasingly popular. It is targeted to help people in … [Read more...] about Viettel launches new app for customers
VPBank has launched its latest app called ‘Dream,’ providing customers with advice and solutions to conveniently manage their personal finances to help them realise their dreams in a smart and efficient manner. VPBank’s Dream accordingly assists customers from the planning stage of each of their set goals and follows the customers’ financial journey along to take control of their earnings and savings and provide timely financial solutions to make their customers’ dreams come true. At virtually no transaction fee, attractive savings rates starting from 5.5 per cent a year for savings of less than six months, and fast-approved credit and disbursement, the app is aimed at a wider public than just the Millennials who are deemed more tech-savvy. According to VPBank head of digital banking, Dmitry Bocharov, both the young and the elder groups of the population have their dreams and it would not make sense to only target segments that are high-tech or more … [Read more...] about New VPBank app makes ‘Dreams’ come true
Twenty-seven more communes and wards this year join family medical practice A health staff member takes blood for testing at An Hòa ward health station in Cần Thơ City’s Ninh Kiều District. Source http://soytecantho.vn The Department of Health in the Mekong Delta city of Cần Thơ this year plans to expand a model of family medical practice clinics to 27 more communes and wards. Family medical practice clinics aim to provide comprehensive and continuous health care services to each local individual and family in order to reduce overcrowding of patients at city or central-level hospitals. These clinics are located at health stations in communes and wards. Each commune or ward has one health station. Cần Thơ aims to equip more than 80 per cent of its 85 health stations with these clinics by 2020. According to Dr Bùi Thị Lệ Phi, the department’s head, the city now has 18 commune-based health stations with family … [Read more...] about Social News 5/4 (Hourly Updated)