Starting with the distribution of Kingsmen healthcare products (in August 2017) and acquiring 50.3 per cent of CL Co., Ltd., a business specialising in distributing high-end fast-moving Japanese consumer products, such as Kodomo toothpaste, Zact Lion whitening toothpaste, Systema toothbrush, Essense laundry detergent, Bio Zip washing powder, or Bubbi King dishwashing liquid in the third quarter of 2017. … [Read more...] about Digiworld sets sight on ambitious $443.5 million revenue target
India renewable energy target
A digital future for Vietnam’s medium-sized enterprises
What would be your advice to a medium-sized company interested in or having to implement cloud applications? Have a clear strategy and communicate it within your company. Thanks to plug-and-play technology, it often only takes an hour to connect a company to MindSphere so it can tap into the benefits of open data analysis. Also, the costs are frequently lower than an exclusive mobile phone plan. However, the path to Industry 4.0 is long and takes several years, and it calls for a deliberate decision to invest. … [Read more...] about A digital future for Vietnam’s medium-sized enterprises
Vietnam’s tourism sector counts cost of coronavirus
Hanoi (VNA) – The coronavirus (COVID-19) epidemic could cause losses of 5.9-7.7 billion USD for the domestic tourism sector in the next three months, according to the Vietnam National Administration of Tourism (VNAT). The tourism sector estimated a 90 percent decrease in the number of Chinese visitors due to the disease, and a 50-70 percent drop in holidaymakers from other countries. Meanwhile, the number of domestic holidaymakers is likely to suffer a fall of 50-70 percent. China, where the outbreak began late last year, has advised its citizens to stay at home. Vietnam has also stemmed the flow of tourists from coronavirus-stricken areas and suspended festivals. International vacationers have stayed away from Asia while many Vietnamese tourists have decided to stay at home. The VNAT said losses caused by COVID-19 could be huge in both the short and long terms. To cope with this, the agency has outlined a plan to help the industry recover, focusing on nearby markets … [Read more...] about Vietnam’s tourism sector counts cost of coronavirus
Firms look for alternative sources of raw materials as epidemic closes China market
Do Thi Thuy Huong of the Vietnam Electronics Industries Association said most enterprises in her industry are expected to be hit hard in the next one or two months, and face the risk of delaying payments to workers and stopping production. … [Read more...] about Firms look for alternative sources of raw materials as epidemic closes China market
Vietnam’s economic growth in 2020 driven by traditional sectors
Last year’s GDP growth rate of 7.02% was high compared to other Asian countries. Vietnam’s inflation rate, budget deficit, and foreign currency reserves all improved. Nguyen Dinh Cung, former Director of the Central Institute for Economic Management (CIEM), said Vietnam's economy will be strengthened with the improvement of indexes of the budget deficit, foreign debt, money supply, foreign currency reserves, and exchange rates. … [Read more...] about Vietnam’s economic growth in 2020 driven by traditional sectors
