Upi based digital payment

Vietnam must move forward with plans to design additional programmes to support firms in the digital transformation process in terms of funding, knowledge, and information in the technology market to help them grasp technological changes occurring globally, according to insiders. Illustrative photo Experts in the sector made the statement at the launching conference held on May 20 to unveil the Vietnam Annual Economic Report 2022 running with the theme of "Strengthening digital platform for the service sector” in Hanoi. Upon addressing the conference, Nguyen Quoc Viet, deputy director of the Vietnam Institute for Economic and Policy Research (VEPR), revealed that the 69% of businesses in the nation have been forced to temporarily suspend their operations due to the COVID-19 pandemic. Despite the pandemic significantly affecting several sectors such as service, accommodation, food, and tourism, it has yet to exert a serious impact on the digital … [Read more...] about Businesses require support in digital transformation

Three parties signed a strategic cooperation agreement On May 13, C.P. Vietnam announced at its head office in Bien Hoa that it has kick-started its digital transformation journey with SAP SuccessFactors solutions. The move will help the company enhance its HR capabilities and leverage real-time analytics for better business decisions and capabilities. C.P. Vietnam expects not only to reduce costs and drive greater operational efficiency but also to deliver an enhanced employee experience consistent with its mobile-first, cloud-first philosophy that attracts and retains talent, fosters employee engagement, and drives improved business outcomes. The company is a foreign direct investment enterprise that operates in the closed agro and food industry. Established in 1993, it has steadily grown to become Vietnam’s leading food conglomerate, covering both livestock and aquaculture businesses. The company’s food products not only meet the needs of the domestic market but are also … [Read more...] about C.P. Vietnam’s digital transformation with
 SAP SuccessFactors

HÀ NỘI — The tourism sector must apply digital transformation to secure sustainable development, according to dozens of participants at a forum on the topic held in Hà Nội on May 18. Titled "Green Light for Tourism to Take Off Part 2: Digital Transformation: Diving Force for Sustainable Development", the forum gathered dozens of experts from State management agencies, tourism authorities, localities, and IT. The first part of the forum held in March focused on opening doors to international tourists. Hoàng Quang Phòng, deputy chairman of the Vietnam Chamber of Commerce Industry, said at the end of 2018, the Prime Minister issued Decision No 1671/QĐ-TTg approving the “Master plan on applying informatics technology in the tourism field for 2018-2020, with orientation to 2025.” “Informatics technology has been applied in various tourism companies, especially hotels, resorts and big travel agencies,” Phòng said. A visitor uses a remote guide app on her mobile at the National … [Read more...] about Forum held on digital transformation for sustainable tourism

Illustrative image (Photo: mic.gov.vn) Hanoi (VNA) – The Vietnam Social Security (VSS)’s digital transformation efforts have helped provide chip-based ID cards for health insurance at more than 4,000 medical facilities across the country. With 16 million labourers taking out social and unemployment insurance and 88 million people with health insurance, the VSS has strengthened the application of information technology to improve its operational efficiency. Nguyen Hoang Phuong, Vice Director of the VSS’s Information Technology Centre, said the centre has been developing a national insurance database, while also sharing population data. The centre is also implementing Decision No.06/QD-TTg approving a project to develop the application of population data, ID and electric identification serving national digital transformation in the 2022-2025 period, with a vision to 2030, Phuong said. Vietnam Social Security ’s digital transformation efforts have helped provide … [Read more...] about Digital transformation help connect insurance, population databases

Hanoi-headquartered Techcombank recorded another year of stellar financial performance and growth in 2021, while continuing to support its customers, employees and communities in Vietnam, especially those impacted by the Covid-19 pandemic. In 2021, the bank recorded VND37.1 trillion (over $1.6 billion) in its total operating income, up 35.4 percent year-on-year. The bank’s profit before tax (PBT) rose to VND23.2 trillion. The company has achieved double-digit PBT growth for five consecutive years, at a compound average growth rate (CAGR) of 50 percent between 2016 and 2021. The bank’s performance remained resilient despite Covid-19 casting its shadow on the local markets and causing disruption to businesses and people’s lives. Techcombank grew its total assets by 29.4 percent, to VND568.7 trillion, and delivered an "industry-leading" return on its assets of 3.7 percent, according to the bank. It has also been able to maintain an impressive current account and savings account … [Read more...] about Digital, data and human excellence key components in Techcombank’s transformational journey

Based on “smart city” foundation Following the success in building the e-administration and reforming administrative procedures in the 2012 – 2018 period, Quang Ninh province has built a digital administration based on the implementation of a project building smart cities in the 2019 – 2025 period. Quang Ninh province’s smart cities will take people and tourists as the center. They will be encouraged to help develop tourism services. The local authorities will work to improve management capacity as well as the quality and efficiency of socio-economic activities, creating an attractive investment environment and promoting inclusive development. The province will continue refining legal regulations to facilitate the implementation and development of e-administration, digital ministration and smart cities. The smart city project will be carried out in Cam Pha, Uong Bi and Mong Cai cities. Looking towards knowledge-based economy Quang Ninh was the first province in Vietnam … [Read more...] about Quang Ninh looks toward knowledge-based economy