Digital platform

The set of indicators will fully reflect every aspect of the digital economy, including digital infrastructure, the popularity of digital means, online services, and human resources. This will be important data for policymakers to release decisions. In June 2020, the Prime Minister approved the national digital transformation program to 2025 and with the vision until 2030, under which Vietnam strives to join the top 50 countries in e-Government. To reach the goal, the Prime Minister assigned the Ministry of Planning and Investment (MPI) to join forces with certain ministries and branches to compile a system of statistical criteria on digital economy; and build new methods in collecting data to measure the impact of digital transformation on socio-economic spheres and on people. The indicators will be made public periodically. According to the General Statistics Office (GSO), the digital economy comprises all economic activities based on digital platforms, using digital … [Read more...] about Indicators to measure Vietnam’s digital economy needed

Thai Gia Han, junior associate at Indochine Counsel Advertising is one of the most effective ways for enterprises to approach their customers. The channel not only allows access to potential customers but also provides cross-marketing to previous and existing clients, enhancing the reach of an enterprise’s products or services. With the rising demand on introducing products and services across borders, several advertising models have earned themselves a good standing in the market, especially digital advertising. Unfortunately, every story has two sides. While many enterprises have tried to use digital advertising for genuine purposes, others made use of it for earning illegal income. Therefore, regulators of many countries have recently taken actions to consolidate their legal frameworks regulating advertising in general, as well as digital advertising in particular. Vietnam is not an exception. With the government’s approval of Decree 70, certain new conditions are now … [Read more...] about Crafting balanced treatment in cross-border advertising

HCM City to implement third relief package worth 7.3 trillion VND Ho Chi Minh City will carry out the third relief package worth 7.3 trillion VND (around 320.7 million USD) sourced from the local budget to help more households and informal workers affected by the COVID-19 pandemic, said Vo Van Hoan, Vice Chairman of the municipal People’s Committee. Speaking at a press conference held by the city’s Steering Committee for COVID-19 Prevention and Control on September 20, Hoan said given complicated developments of the COVID-19 pandemic in the city and prolonged social distancing, people face more difficulties due to job loss and having no income. Therefore, in addition to the social security relief packages of the city's Vietnam Fatherland Front Committee and other organisations and individuals, the municipal People's Committee continues to implement the third relief package to help ease difficulties for local residents. According to reports from the People's Committees of … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 21

Workers check bags of instant coffee at Trung Nguyên Co's factory in Bắc Giang Province. Building a stronger private sector is key to Việt Nam's economic transformation. — VNA/VNS Photo Danh Lam HÀ NỘI — As Việt Nam moves toward recovery, the development of a productive and diversified private sector will become more imperative given scarce public resources, international experts have recommended. Việt Nam has demonstrated leadership and swift action in containing the virus since it broke out in early 2020 which made it one of the few countries in the world to register positive growth last year. However, the latest wave of COVID-19 infections since July this year has dealt a severe blow to business and employment, mirroring the downward pressure on Việt Nam’s recovery path. To resume its ambition of realising a high-income growth trajectory by 2045, Việt Nam needs to strengthen private sector development to help the country recover from the … [Read more...] about Productive and diversified private sector key to Việt Nam’s economic transformation

Retail consumption - financial services – telecommunications and essential services on digital platforms are estimated to account for 80 percent of the Vietnamese consumer’s wallet. To Masan, the integration of telecom solutions and useful technologies into the ‘Point of Life’ platform will boost consumer benefits by delivering a user-friendly experience and optimal performance. Therefore, Masan recently acquired 70 percent of Mobicast to mark its official entry into the telecom and digital service sectors. This is a strategic step of the company to build a complete ecosystem of its own and transform the retail consumer industry. Why did Masan decide to launch Reddi as a Mobile Virtual Network Operator? MVNOs (Mobile Virtual Network Operators) are wireless communication service providers that do not have their own frequency spectrum allocation or the wireless network infrastructure. MVNOs partner with traditional Mobile Network Operators (MNO) to use their wireless network … [Read more...] about Entering into telecommunications sector, will Masan adopt Reliance Jio model in Vietnam?

Workers check bags of instant coffee at Trung Nguyen Co's factory in Bac Giang Province. Building a stronger private sector is key to Viet Nam's economic transformation. — VNA/VNS Photo Danh Lam As Viet Nam moves toward recovery, the development of a productive and diversified private sector will become more imperative given scarce public resources, international experts have recommended. Viet Nam has demonstrated leadership and swift action in containing the virus since it broke out in early 2020 which made it one of the few countries in the world to register positive growth last year. However, the latest wave of COVID-19 infections since July this year has dealt a severe blow to business and employment, mirroring the downward pressure on Viet Nam’s recovery path. To resume its ambition of realising a high-income growth trajectory by 2045, Viet Nam needs to strengthen private sector development to help the country recover from the pandemic and unlock its potential, according … [Read more...] about Productive and diversified private sector key to Viet Nam’s economic transformation