Business has transformed in Vietnam over the years. The conversation technology providers like us have with enterprises is wholly different now. A few years back, we had to address a lot of fear and doubt, which is very normal to any new business adopting technology. The big questions we had to answer were “Why cloud?”, “What are the benefits of the cloud?”, “How security on the cloud is run?”, and “What are the latencies?” Now it is all about “How?” because they now see evidence for the gains in digital business in the industry leaders who have adopted with great success. The conversation has turned from “Why do I need the cloud?” into “What is the best way to adopt technology?” – and that is only with traditional businesses, there is not even a conversation with digital native businesses because most of them were already born in the cloud. Similar to most markets in the ASEAN, we see tremendous … [Read more...] about Dare to learn with AWS to succeed in digital age
Why digitally transform
What does Vietnam need for digital transformation?
Phuong Trinh, the owner of a restaurant in HCMC, is checking his business on Grab and Now. She notes that orders from the two apps have become unsatisfactory and wants to identify the problems to adjust the food processing capacity and working schedule. At BVOT, a company that specializes in running business campaigns for automobile enterprises, officers don’t stay after 6 pm and don’t work on weekends. In order to apply the policy, all the operation stages must be digitized. Every day, officers take duties from the system and update their implementation process. The method has helped increase productivity. Tran Hong Ninh, CEO of BVOT, said he is trying a model which allows work from a distance. The money saved from office leasing will be used for a new wage policy. ‘Digital transformation’ entails digitizing business activities to generate data which could be used for specific business purposes and corporate governance. Young businesses related to e-commerce … [Read more...] about What does Vietnam need for digital transformation?
Digitalisation drives transformation in Vietnam’s insurance sector
Roy Gori took a business trip to Vietnam on the occasion of the 45th anniversary of diplomatic relations between Vietnam and Canada. He had a meeting with the country’s State Vice President Dang Thi Ngoc Thinh in November 2018, discussing Manulife’s commitment to long-term investment and sustainable operations as well as its contribution to the Vietnamese economy. How did Manulife perform in 2018 and what were the key priorities and achievements? We’re excited about the progress we’ve made in 2018, both in terms of our performance and our transformation into the most digital, customer-centric global company in our industry. We’re focused on innovation, digitisation and driving operational efficiencies to ensure we remain competitive and to make it easier for customers to do business with us. Our focus has and will continue to be on execution of our five priorities: portfolio optimization, expense efficiency, accelerating growth, becoming a digital … [Read more...] about Digitalisation drives transformation in Vietnam’s insurance sector
Sowing the seeds of IoT Innovation
The signing of the MoU to build Ericsson Vietnam’s IoT Innovation Hub The Memorandum of Understanding (MoU) signed with the Vietnamese Ministry of Science and Technology last week marked an important milestone in the 25 years of operations of Ericsson Vietnam. Why did you choose to make the move this time? The IoT Innovation Hub will be jointly established in 2019 by Ericsson and the Ministry of Science and Technology (MoST) at Hoa Lac High-Tech Park. Its prime purpose is to accelerate the adoption of Industry 4.0 innovative applications across industries such as manufacturing, transport, and agriculture, making these industries more efficient and accessible through digital transformation. IoT marries the physical world to cyberspace, ensuring that objects or things, in addition to people, are connected to high speed mobile Internet. Ericsson predicts that the number of cellular IoT connections is expected to reach 4.1 billion by 2024 – increasing at an annual growth … [Read more...] about Sowing the seeds of IoT Innovation
BUSINESS NEWS IN BRIEF 27/11
Enterprise Rent-A-Car to enter Vietnamese market The US’s biggest car rental company, Enterprise Rent-A-Car, will officially offer its services in Viet Nam starting on November 29. The company’s website enterprise.vn is now opening for rental services, with vehicles of five to 29 seats. The prices range from VND800,000 (US$34.19) a day for a Suzuki Vitara to VND2.6 million per day for a Samco bus. Enterprise’s car rental services in Viet Nam (and Asia) are licensed to MP Executives – a subsidiary of MP Group – which has more than 23 years of experience in the logistics industry in Viet Nam. Viet Nam is the first country in Asia to use Enterprise’s car rental service. In addition to providing services in the US, Enterprise is available in 84 other countries. Vingroup opens three technology firms Vingroup’s goal in the next 10 years is to become a world-class technology-industry-service corporation in which technology plays a major role. — … [Read more...] about BUSINESS NEWS IN BRIEF 27/11