After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam? On September 21, The Sherpa, a subsidiary of Masan Group Corporation, announced an investment of $13 million to acquire a 70-per-cent stake in mobile virtual network operator (MVNO) Mobicast and officially expand to the telecommunications sector. This is Masan's first step into the digital services sector. Mobicast's services target tech-savvy customers with great demand for data usage and digital lifestyle. As a result, the startup can help Masan to complete its offline-to-online offerings of necessities and financial services. An MVNO offers a fast and cost-efficient system to build transmission and reception network infrastructure. Besides this, an MVNO is considered a catalyst for competition in the mobile telecommunications market. MVNO players will develop value-added services on mobile devices, helping to improve quality and diversify experiences. It is estimated that necessities … [Read more...] about After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam?
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Vietsovpetro's Bach Ho oil field. (Photo: VNA) Hanoi (VNA) – The Vietnam – Russia oil and gas joint venture Vietsovpetro is likely to complete all of its yearly targets in revenue, profit and State budget payment right in September thanks to comprehensive and effective measures to promote production. A representative from the firm said that the fourth wave of COVID-19 that broke out in early May has posed adverse impacts on the health of all workers of Vietsovpetro as well as the operations of the firm as well as the entire oil and gas sector. In order to maintain safe operations amid the pandemic, Vietsovpetro leaders have given drastic and flexible directions on the implementation of solutions to ensure the health of workers and maintain production at the same time. Particularly, the firm has strengthened measures to cut cost and speed up digital transformation to maximise its performance in all conditions and circumstances. By giving proper assessments and … [Read more...] about Vietsovpetro to complete all goals for 2021 in September
The digitalisation and technological transformation are speeded up during the COVID-19 pandemic. (Source: VNA) Hanoi (VNS/VNA) - The COVID-19 pandemic does not slow down technological transformation or digitisation, but in fact speeds them up, companies said. Speaking to Vietnam News , Angus Liew, General Director of Gamuda Land Ho Chi Minh City, said: “ Digitisation is the future of mankind, not only for real estate but also for all other business sectors, and people’s lifestyles as well. It’s an irreversible trend. Nowadays we can see everyone is talking about AI, industry 4.0, etc.” Technology was the backbone nowadays and governed every aspect of doing business, from operational systems to mechanisms to interact with customers. His company had put a lot of efforts and resources into developing technology and innovation. “ Technological transformation is one of our top priorities,” he said. Soon, possibly in the first quarter of 2022, Gamuda Land Vietnam … [Read more...] about Pandemic speeds up digitisation, technology transformation