Nguyen Van Anh, CEO of event organiser IEC Group Nguyen Van Anh, CEO of event organiser IEC Group, sheds light on the unique features this year’s event will have in order to benefit the diverse participant ecosystem. The Industry 4.0 Summit last year generated strong achievements. What differences will we see at this year’s event on October 2-3? In the past two years, the International Events and Consulting Group has engaged in hosting diverse events in light of Industry 4.0. They have included Korea ICT Days, the Industry 4.0 Summit, Smart IoT Vietnam, and the Vietnam Security Summit, to name but a few. Of those, the Industry 4.0 Summit has gained a reputation as one of the most prestigious industry events. This year, the summit agenda features a high-level forum and executive talk, five conference tracks, five roundtable discussions, a networking cocktail and gala dinner, international expositions, and our unique business matching event. We expect to bring … [Read more...] about 4.0 Summit driving digital transformation
Digital transformation strategy
IT firms expected to lead country’s digital transformation
Digital transformation has caused the emergence of new business models such as Grab, Sendo and Shopee. — (Source: ndh.vn) Speaking at the Vietnam CEO Summit 2019 held in Hanoi on August 8, Tam said the Fourth Industrial Revolution would create breakthroughs for countries which take advantage of its opportunities. “The Vietnamese Government advocates fully tapping opportunities from Industry 4.0 in service of national digital transformation, making it easier for Vietnam to escape the middle-income trap and become a modern industrialised nation by 2045,” he said. He added that developing the digital economy would be one of the key tasks to promote economic restructuring and renewal of the growth model. The digital transformation would increase information and data access to bring new business opportunities and help local companies join regional and global value chains. “The development strategy of the information and communications technology (ICT) sector for … [Read more...] about IT firms expected to lead country’s digital transformation
Digital transformation should be part of Vietnam’s growth strategy: PwC
Success in the digital era would depend on the ability of businesses to embed the right technology, grow the right talent and apply good governance practices, experts from PwC Vietnam stated at the Vietnam Business Summit (VBS) 2019 held in Hanoi on 16 October. Overview of the summit. VBS 2019 engaged top decision makers from the Vietnamese government and the business community in a dialogue about investment, business opportunities and ways to win in the digital era. Prime Minister Nguyen Xuan Phuc delivered a keynote speech within the closing session, which also served as an introductory link to the 10th Asian Business Summit held in Hanoi the following day. In total, around 700 representatives of the Vietnam-based business community, the Asian Business Summit audience and a visiting Japanese business delegation, joined the event. Themed ‘Vietnam: We mean business - Partnership in the digital era’, the discussions engaged top leaders from a multitude of … [Read more...] about Digital transformation should be part of Vietnam’s growth strategy: PwC
Client ID holds key to making digital banking safe
Hanoi (VNS/VNA) - The banking sector is waiting for the State Bank of Vietnam to allow the use of electronic know your customer/client (e-KYC). TPBank was chosen to trial it in January last year. According to LegalDesk Website, KYC or Know Your Customer is a process an institution employs for customer identification. The Securities Exchange Control board of India (SEBI) laid down that any institute that deals with financial transactions or functions as financial intermediaries needs to verify their customer’s identity under the Prevention of Money Laundering Act, 2002. With banks and mutual funds instituting the KYC process for all its customers, it did help with preventing money fraud and identifying suspicious transaction activity of an account holder. KYC is a one-time process that is mandatory for all people of Indian nationality. eKYC is the process of an institution getting acquainted with their customer, though electronically. The main objective of … [Read more...] about Client ID holds key to making digital banking safe
Growing a solid digital workforce from within
Why is upskilling the workforce one of the biggest issues in the country today? Dinh Thi Quynh Van, general director of PwC Vietnam The digital revolution requires a skills revolution. This is because technology is only as good as the people who work with it every day. Companies need people who can harness innovative thinking, form the right strategies, and apply the systems and tools that help them reap the most benefits from the digital revolution. And that is where companies face a problem. Their people may not have the new required skills which can be hard to find in the labour market. For example, Vietnam is projected to be short of 500,000 data scientists and up to a million ICT workers by 2020, according to separate studies conducted by the Ministry of Information and Communications and APEC researchers. That is why upskilling can be the key. It is about giving each existing employee the opportunities to gain the knowledge, tools, and abilities they need to use more … [Read more...] about Growing a solid digital workforce from within