Technologies for digital transformation

An automatic glove production line at Gloveland Vina Technology Co. Ltd located in Viet Yen district’s Viet Tien industrial cluster. (Photo:baobacgiang.com.vn) Bac Giang (VNA ) – The northern province of Bac Giang will adopt a series of solutions to accelerate the implementation of digital transformation, develop the digital economy and society in the locality in the future. According to the Bac Giang provincial Party Committee, the realisation of digital transformation aims at providing benefits for people and businesses as well as promoting strong economic development of the province. It also helps improve the effectiveness of leadership at all levels and the management of local governments towards comprehensive and sustainable development of the province. Bac Giang province is aiming at the target to provide 100 percent of public services at level 4 by the end of 2025 on various platforms, including mobile devices. Level 4 is the highest level of online public … [Read more...] about Bac Giang province promotes digital transformation

Goods are loaded at Bangkok Port, Thailand. (Photo: VNA) Bangkok (VNA) – Digital transformation could generate up to 2.5 trillion THB (795 billion USD) in economic value for Thailand , according to the Bangkok Post, which cited a report published by Google. technology knowledge and graduates in technology as well as the high cost of investing in technology infrastructure such as 5G networks. digital economy is expected to reach 1 trillion USD by 2030. The digital economy is expected to reach 1 trillion THB (30 billion USD) in 2021, representing a growth rate of 51 percent compared to the previous year./. VNA … [Read more...] about Digital transformation in Thailand to generate 795 billion USD by 2030

According to Accenture, 86 per cent of life insurers believe that they must accelerate the pace of innovation to retain their competitive edge. This inevitably involves investment in technology. In the digital era, “if you stop, you lose”. In this race, AIA Vietnam is transforming itself into an organisation of the future – a simpler, faster, and more connected AIA, a leader in the field of digitalised life insurance. Asian Technology Excellence Awards 2021 has acknowledged AIA Vietnam for its attempt to lead in innovation and technological application. This year, the award honours 20 exceptional companies that are leading the digital transformation in the whole of Asia and AIA Vietnam is the only life insurer to win this prestigious award. AIA Vietnam has won two awards at Asian Technology Excellence Awards 2021 Notably, AIA Vietnam received a “double” award in two categories, which are “Cloud - Life Insurance” with the EDEN project and “Online Services - Life … [Read more...] about AIA Vietnam leaves imprint at Asian Technology Excellence Awards 2021

The project has helped smaller businesses find new partners The agency’s (USAID) initiative aims to improve the business environment and enhance the competitiveness of local SMEs and establish effective government-to-business interactions supported by modernisation and digitalisation. Moreover, the project wants to build links between SMEs and leading firms by assisting with purchase orders and long-term supply contracts, while also boosting access to digital tools and finance through project assistance in coordination with partner organisations. Nguyen Trong Nam, general director of Hai Duong Pump Manufacturing JSC, finds it difficult to reach out to partners. “One of the main reasons why we have not engaged with prospective partners is that our factories’ machines and technologies do not meet the demand of leading firms,” Nam explained. To support firms like Nam’s, USAID has been working closely with the government through the five-year LinkSME project, which will end in … [Read more...] about USAID initiative gives helping hand to SMEs

Policy and environmental conditions affect economic growth both in the long run and in the short run. In 2021, Ho Chi Minh City has many growth opportunities because the world economy is on a good recovery, so export orders of enterprises increase. At the same time, the trade conflicts of some big countries such as the US with China and the political crisis in Myanmar have pushed orders to shift to Vietnam quite a bit. Foreign investors also choose Ho Chi Minh City as an attractive destination to pour money into an investment. However, businesses could not produce, capital flow did not come as expected because of the impact of the prolonged epidemic. Therefore, the city authorities’ policies have switched from fighting the coronavirus pandemic to safe adaptation to the epidemic removing barriers for facilitation of the resource flow, then Ho Chi Minh City's economy will gradually recover quickly. For the economy to develop, state management must not obstruct the circulation of … [Read more...] about HCMC seeking new impetus for economic growth