Prime Minister Nguyen Xuan Phuc (third right) looks at an F- class turbine - the engine has been selected for Vietnam’s Nhon Trach 2 power plant in Dong Nai Province. He was on a visit to Siemens’ turbine plant in Berlin in July 2017.- Photo Siemens Thomas Hagedorn, head of sales for the Asia and Pacific region of the Siemens power and gas division, said Siemens’s latest HL-class turbines would be the right solution for many countries in Asia. Bloomberg’s 2017 energy outlook forecasts the continent will need to have the world’s highest power by 2040 to meet development demands. Introduced to the market last September, the HL-class gas turbines combine a series of new but tested technologies to enhance the efficiency of combined cycle gas turbines (CCGT) to beyond 63 per cent. With a mid-term goal to reach CCGT efficiency of 65 per cent, Siemens may surpass its arch rival GE, which announced in March this year its most efficient combined cycle gas … [Read more...] about Siemens eyes Asia as key market for advanced turbine sales
Digital internet marketing
Online security concern raises as elders become more digital
But family members are increasingly worried that the older people are not taking necessary security precautions. According to a study by Kaspersky Lab and B2B International, the majority (84 percent) of users aged 55 and over are now accessing the internet at home several times a day and 44 percent are spending a minimum of 20 hours a week on the internet. Photo for illustration. Source: kienthuc.net.vn Indeed, as of the second half of last year, this age group owned an average of four connected devices per household, including two computers and two mobile devices. Despite the many benefits offered by these levels of connectivity, family members have concerns that their older relatives are not taking the necessary precautions to protect themselves when online, with 60 percent of people worried about the safety of their digitally connected elders. Forty four percent of internet users admitted their older relatives have suffered from online threats, falling victim … [Read more...] about Online security concern raises as elders become more digital
Adopting tech changes: a must in the digital age
Why are companies implementing digital transformation initiatives? CIO Rahul Shinde of Duy Tan Plastics Manufacturing Corporation People and culture must come before the technology to unlock the full potential of digital. The companies have been transforming for the last 30-40 years using technology and we have seen many phases of development and transformation to respond to the changing business climate. However, what is different today is that in the recent past, the pace, cost, and volume of technical innovation has accelerated the way businesses adopt technology and hence today’s transformation is happening via tools, processes, and data that is driven through digital channels. With a new breed of online companies providing enhanced customer experience using new online marketing channels, providing digitally-enhanced products, and utilising cloud technology to engage and service customers utilising data-driven insights, and customers embracing the same has … [Read more...] about Adopting tech changes: a must in the digital age
Fintech market value to reach 7.8 billion USD by 2020
Hanoi (VNA) – The financial technology (Fintech) industry is thriving in Vietnam with the market value expected to increase from 4.4 billion USD in 2017 to 7.8 billion USD by 2020, according to a report by Solidiance, a management consulting firm in the Asia-Pacific. Amongst three segments of fintech services, the digital payment leads the way, accounting for 89 percent of the local market share. The personal finance and the corporate finance, meanwhile, are forecast to experience respective Compound Annual Growth Rates (CAGRs) of 31.2 percent and 35.9 percent between 2017 and 2025. The main factors driving the fintech development in Vietnam include the Government’s plan to expand the local access to banking services to 70 percent by 2020; the respective increases of 52 percent and 72 percent in the numbers of Internet and smartphone users in urban areas in 2016; and the growth of e-wallet services driven by the small number of bank account holders. The number of … [Read more...] about Fintech market value to reach 7.8 billion USD by 2020
Digital content firms seek fairness in competition with foreign giants
VietNamNet Bridge - Vietnam needs new policies to allow domestic firms to compete equally with foreign ones, experts have said. Vietnam offers big preferences to foreign firms Minister of Information and CommunicationTruong Minh Tuan said at Internet Day 2017 that Vietnam is pursuing a ‘reverse protection policy’, i.e. instead of protecting domestic enterprises, it is giving many preferences to foreign firms. While foreign companies are exempt from the fee for putting servers in Vietnam, Vietnamese corporations such as VNG and VC Corp have to pay a leasing fee and be under strict management. While foreign firms which provide services across borders only have to pay the contractor withholding tax of 5 percent, Vietnamese firms which provide similar services have to pay many kinds of tax, including the 25 percent CIT. “We are thinking of creating favorable conditions for Vietnamese firms to be on equal terms with foreign companies … [Read more...] about Digital content firms seek fairness in competition with foreign giants