Smart city development shapes up to be one of the most ambitious plans for the capital city, Photo: Le Toan Nguyen Duc Chung, Chairman of the Hanoi People’s Committee, said that the capital is poised to become a smart city based on key technologies of Industry 4.0. To this end, besides state funding, the city will have to raise resources from the business community. “We will reclassify public services towards opening more opportunities for private investors to join in those services they are capable of offering, thus mobilising financial sources to feed the plan,” he said at last week’s Asia-Oceania Computing Industry Organisation (ASOCIO) Smart City Summit 2018 in Hanoi. “In addition, we plan to maximally outsource services related to software as well as infrastructure of technology businesses, from data centres and security services to channel and other services to raise resources and talents to serve our smart city development plan,” he added. … [Read more...] about Hanoi opens doors to smart city future
Population growth definition
In the wake of the massive FDI influx from South Korea, the country’s banks are venturing further into Vietnam’s promising financial market, Photo: Le Toan Banks see the potential The domestic economy has grown tremendously over the past few years, with South Korean direct investment in 2017 standing at $3.97 billion in registered capital, second only to Japan, according to the General Statistics Office. As a logical consequence, South Korean financial institutions have increasingly gained footholds in Vietnam to cater to the financial needs of foreign direct investment (FDI) businesses and investors. Nine banks including two local corporations and seven branches or representative offices, five securities firms, two leasing companies, and three finance companies from South Korea have so far joined the local banking and finance landscape. The past year saw an upturn in the presence and operation of South Korean financial institutions in Vietnam, evident in wholly … [Read more...] about South Korean banks entering Vietnam in wake of FDI surge
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?
VietNamNet Bridge – Developing smart cities means officials and planning need to be a step ahead, according to a local official. Da Nang City. Local authorities aim to develop the city into a smart city. — VNS Photo Viet Thanh Tran Quoc Thai, deputy director of Urban Development Department, at the Ministry of Construction made the statement at a seminar yesterday in Hanoi. “Smart cities must meet the criteria of planning, management and provision of smart and comfortable services that are supplied by the State or other economic sectors,” he said at the seminar titled ‘Developing Smart Cities in Vietnam towards Green and Sustainable Growth’, organised by the Vietnamese Ministry of Construction and Embassy of the Netherlands. “The building of smart cities requires appropriate institutions on the basis of integrated planning and management, while developing standards for safety, security and social affairs.” Vietnam is currently … [Read more...] about Developing smart cities must firstly base on smart planning
THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 13/NQ-CP Ha Noi, February 08, 2018 RESOLUTION THE GOVERNMENT’S REGULAR MEETING – JANUARY 2018 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 promulgating the working regulation of the Government; Based on the discussion of the Cabinet members and the conclusion of the Prime Minister at the Government’s January meeting, held on February 02, 2018 DECIDES 1. Regarding the draft Law amending and supplementing a number of articles of the Law on Education The Ministry of Education and Training shall assume the prime responsibility for, and coordinate with the Ministry of Justice, the Government Office and concerned ministries and agencies in collecting comments of the Government members and feedbacks of the Government Office to revise … [Read more...] about The Government’s regular meeting in January 2018