The Vietnamese internet economy has almost tripled in three years to reach US$9 billion in 2018, driven by e-commerce and online media, a new report released by Google and Temasek showed. The Vietnamese internet economy has almost tripled in three years to reach US$9 billion in 2018, driven by e-commerce and online media.-Photo ictnews.vn According to the report, titled “e-Conomy SEA 2018”, the internet economy is growing in all six Southeast Asian countries surveyed but the stage of development relative to the size of each country’s economy differs. It is most developed in Viet Nam, where the gross merchandise value (GMV) of the internet economy is 4 per cent of the country’s GDP. With e-commerce almost doubling in 2018 from a year earlier, and with online advertising and gaming growing at more than 50 per cent year on year, the Vietnamese internet economy is booming. Amidst one of the lowest penetrations of online travel bookings in the region, the … [Read more...] about Internet economy to reach $9 billion
SMEs urged to participate in global value chains
Viet Nam News HẢI PHÒNG — Small- and medium-sized enterprises (SMEs) must enhance their competitiveness to participate in Industry 4.0 and inclusive global value chains in the context of rapid integration and technology advancements, experts have said. Vũ Viết Ngoạn, Chief of the Economic Advisory Committee to the Prime Minister, said at the conference, held by the US – ASEAN Business Council on Wednesday in Hải Phòng, that there is ample space for the development and integration of SMEs. Ngoạn cited statistics showing SMEs in Việt Nam contributed more than 30 per cent of the gross domestic product (GDP) and provided jobs for more than 50 per cent of the labour force. These figures were still modest in comparison with developed economies like Japan, Singapore, South Korea and the European Union, where the private sector contributed 50 per cent of the GDP and created jobs for 70 per cent of the labour force. “In … [Read more...] about SMEs urged to participate in global value chains
Thiên Sơn Company’s director prosecuted for Hòa Bình medical incident
Viet Nam News HÀ NỘI — The Investigative Police Agency of northern Hòa Bình Province launched criminal proceedings this week against Đỗ Anh Tuấn, director of Thiên Sơn Company, for his involvement in the death of nine people at Hòa Bình General Hospital last year. Tuấn is being prosecuted for “lacking responsibility, causing serious consequences” and was banned from leaving his house. The Thiên Sơn Company signed a contract with Hòa Bình Hospital to repair and maintain its reverse osmosis water filter machine No2 for kidney dialysis. Thiên Sơn Company then sold the contract to Trâm Anh Water Treatment Company. On May 29 last year, 18 patients suffered from symptoms of anaphylactic shock, experiencing difficulty breathing, a sudden drop in blood pressure, stomach aches and vomiting while receiving kidney dialysis at Hòa Bình General Hospital’s … [Read more...] about Thiên Sơn Company’s director prosecuted for Hòa Bình medical incident
Sông Hồng Garment to debut on HoSE in late November
A Sông Hồng Garment factory at the Yên Lập Industrial Zone in the northern province of Phú Thọ. — Photo baophutho.com.vnViet Nam News HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) has approved the listing of Sông Hồng Garment Joint Stock Company on the southern bourse. Sông Hồng Garment JSC will debut on HoSE on November 28 by listing more than 47.6 million shares with the code MSH, the market said in a statement on Tuesday. The company will start trading at the price of VNĐ45,000 (US$2) per share, making its market capitalisation up to VNĐ2.14 trillion ($95.25 million) on the debut day. The company’s shares are able to increase or decline within a daily band of 20 per cent on the debut day, meaning its price may rise as high as VNĐ54,000 or fall as far as VNĐ36,000 by the end of the debut. The company, headquartered in the northern province of Nam Định, … [Read more...] about Sông Hồng Garment to debut on HoSE in late November
Tourism consultancy services in high demand
One of the best jobs now is tourism consultancy, especially giving advice to local authorities on local tourism development. Provinces and cities all want to develop tourism A director of a provincial sports and tourism department told reporters on the sidelines of an event held recently in HCMC that he is looking for experts who can give advice in drafting the local tourism development strategy. He said it was easy to find foreign consultants, but their service fee is high, up to millions of dollars. Some Vietnamese experts have refused the job as they are too busy. In the past, consultants mostly gave advice to travel firms to develop new tourism products. Now, they are hired to draft local tourism development strategies. Not only provinces and cities, but towns and communes also have demand. An analyst commented that local authorities now tend to be choosier: they want to hire professional consultants to draft strategies rather than do it themselves. They need advice when … [Read more...] about Tourism consultancy services in high demand