VietNamNet Bridge - Vietnam needs new policies to allow domestic firms to compete equally with foreign ones, experts have said. Vietnam offers big preferences to foreign firms Minister of Information and CommunicationTruong Minh Tuan said at Internet Day 2017 that Vietnam is pursuing a ‘reverse protection policy’, i.e. instead of protecting domestic enterprises, it is giving many preferences to foreign firms. While foreign companies are exempt from the fee for putting servers in Vietnam, Vietnamese corporations such as VNG and VC Corp have to pay a leasing fee and be under strict management. While foreign firms which provide services across borders only have to pay the contractor withholding tax of 5 percent, Vietnamese firms which provide similar services have to pay many kinds of tax, including the 25 percent CIT. “We are thinking of creating favorable conditions for Vietnamese firms to be on equal terms with foreign companies … [Read more...] about Digital content firms seek fairness in competition with foreign giants
Digital
Vietnamese experts warn against digital ILCoins
Vietnamese banking officials and experts have warned of risks to investors involving a new and illegal digital currency called ILCoins. Being introduced to Vietnam just three months ago, the virtual ILCoin is attracting thousands of Vietnamese investors who have been pouring tens of billions dong into them. At many ILCoin conferences being held widely in HCM City and neighbouring provinces, ILCoin is being introduced by a company called Iglamos Vietnam as a new digital currency that is cheaper than Bitcoin or Onecoin. An ILCoin conference held in HCM City At a conference held on November 7 in HCM City with some 200 potential customers, an ILCoin "expert" introduced himself as Henry Nguyen said that ILCoin is becoming increasingly popular in the international market and it is now ideal time to invest in the currency, with allegedly high-yield entry packages worth VND2 million to VND225 million. It is essentially a pyramid scheme, which involves getting other people to … [Read more...] about Vietnamese experts warn against digital ILCoins
Digital economy is the future for Việt Nam
Nhân dân newspaper talked to some Vietnamese experts about the advantages of the digital economy in the course of applying the fourth industrial revolution. Nguyễn Bá Ân, secretary general of the National Council for Sustainable Development and Competitiveness Improvement At present many countries in the region have carried out their digital strategy including Việt Nam. But China and Singapore are the two leading nations. In our country, an e-Government system was launched several years ago, but the national system still needs further improvements. More recently, Prime Minister Nguyễn Xuân Phúc signed a decree on advancing the campaign to bring Industry 4.0 to life. But I’m sorry to say there remain many things to be done. When we talk about the digital economy, for many Vietnamese, that economy seems alien. But in real life, the internet of things has penetrated all corners of our socio-economic life. The foundation for … [Read more...] about Digital economy is the future for Việt Nam
Bosch Vietnam aims for double-digit growth
Bosch Vietnam aims for double-digit growthLuan Hung By Luan Hung - The Saigon Times Daily HCMC – Despite the local economic woes, Bosch Vietnam continues to set a target for double-digit growth and pledges to boost research and development (R&D) activity in Vietnam, said Vo Quang Hue, managing director of Bosch Vietnam. Hue told a press briefing on Wednesday that Bosch Vietnam last year achieved total sales of US$286.4 million, up 40% against 2011, marking the fifth consecutive year the company has recorded double-digit growth. Such an impressive result includes exports to other Bosch entities and is attributed to the high-volume orders Bosch is receiving for its automotive push-belt production plant in Dong Nai. Sales revenue across the various business divisions of Bosch Vietnam developed positively in 2012, with the thermotech division posting the highest rise of 150%. The drive and control division, the security systems division and the power tools division also … [Read more...] about Bosch Vietnam aims for double-digit growth
Over 1,000 artifacts of My Son sanctuary go digital
Italian experts have worked with technicians from the management board of the heritage site to digitize the artifacts, including statues, bricks and other objects used for the construction of towers. My Son Sanctuary Head of the management board Phan Ho said the digitization is one of the notable outcomes of international cooperation efforts to protect the world heritage site. Apart from the assistance of the Italian Government, experts from India have been providing support to upgrade the towers, during which they discovered an underground road and many valuable objects, he added. All newly-found artifacts will be digitized to make it easier for preservation and restoration, he said. My Son Sanctuary is located in a hilly landscape in Duy Phu commune, Duy Xuyen district, about 70km Southwest of Central Da Nang city and 40km from Hoi An city – another UNESCO heritage site in Quang Nam. It comprises eight groups of 71 monuments built throughout the seventh - … [Read more...] about Over 1,000 artifacts of My Son sanctuary go digital
VN ready to implement digital Government and open data
Minister and Chairman of the Government Office, Mai Tien Dung Dung emphasized that the Vietnamese Government is determined to build a facilitative Government of action and integrity, in the spirit of transparentization and publicization. Following this spirit, the Government has identified 2016 as the year for finalization of institutions, while 2017 is chosen as the year to reduce official and unofficial costs for businesses.The Government has devised channels to have dialogue with the people and enterprises, aiming to ensure publicity and transparency, he said, adding that Viet Nam has recently reduced and abolished over 5,000 administrative procedures and many other formalities which are said to hinder growth. Dung hailed the development of digital Government and open data as an inevitable trend and the next step in building the e-Government, towards the fourth Industrial Revolution (Industry 4.0), stating that the assessment of the level of readiness for the … [Read more...] about VN ready to implement digital Government and open data
Youth channel aims at digital natives
HÀ NỘI — Việt Nam Television’s channel 6 (VTV6, the youth channel) has become a site for digital natives, especially those born between the years 1985 and 2000. Funny Lunch; Digital Natives News and Life of Digital Natives are three main shows to be produced with new technology aimed at smart phone and computer users. "Audiences are no longer interested in television," said Đặng Diễm Quỳnh, head of VTV6 at the press conference held at VTV headquarters. "Television shows are not good enough for young television watchers who now have many other concerns. Last August VTV leaders asked us to develop digital content," said Quỳnh. Launched in 2014 Funny Lunch is the first television interactive show of VTV to combine traditional television and social networks. It enables young watchers to comment directly on fanpages while they are watching the show. A new version of Funny Lunch was produced with the latest … [Read more...] about Youth channel aims at digital natives
MatchMove to provide digital payment solutions in VN
MatchMove, one of Asia’s leading mobile and digital payment companies, will focus on digitising payments across sectors in the country, such as gaming, tourism, digital disbursement, retail and e-commerce.“As more customers turn towards technology to conduct bank transactions, Viet Nam offers a huge potential for digital banking,” Priscilla Le, Senior Vice President, Indo-China & Singapore, MatchMove, said.“With more people having access to the internet, commercial banks have been developing internet banking services on mobile devices to offer better services to its customers,” she said.MatchMove has been providing innovative enterprising solutions to help businesses monetise their user base, increase revenue and user engagement as well as build brand loyalty through the strategic use of secured, certified and customisable cloud-based platforms across Southeast Asia and multiple global markets.It is also one of the few worldwide mobile payment … [Read more...] about MatchMove to provide digital payment solutions in VN
Accelerating Digital Transformation in Vietnam
In conjunction with the spreading of Industry 4.0, digital transformation is now no longer a choice; it is an inevitable development trend for businesses, consumers and society. Digital transformation is changing the game for Vietnam Vietnam is no exception in this regard. The government is steadfast to its pro-business agenda, urging businesses to press ahead with reforms by boosting their innovation and competitiveness. With Vietnam continuing to roll out the red carpet for foreign investors, the foreign direct investment (FDI) sector has generated millions of jobs and contributed greatly to innovation and modernisation, boosting the economy’s growth. The country is currently focusing on improving the business environment and increasing competitiveness, supported by the government’s commitment to innovation. The public and private sectors are joining forces to come up with initiatives to promote Vietnamese start-ups, entrepreneurship, and innovation. … [Read more...] about Accelerating Digital Transformation in Vietnam
“Digital Vietnamese knowledge system” project launched in Hanoi
The Hanoitimes - All Vietnamese citizens now can participate in spreading knowledge conveniently and effectively thanks to the “Digital Vietnamese knowledge system” project which was launched in Hanoi on January 1. Under the project, which was approved by the Prime Minister in Decision 677/QD-TTg on May 18, 2017, a website at https://itrithuc.vn/ has been set up, promising a comprehensive ecological system for all, especially Vietnamese youths, to develop cutting-edge technologies on the basis of big data, Internet of Things (IoT) platforms and artificial intelligence. The “Digital Vietnamese knowledge system” project was launched in Hanoi In the context of the fourth industrial revolution’s strong impacts on all fields, the project hopes to create huge opportunities for innovative start-ups in Vietnam. The system comprises of an open database providing information and data made public by ministries, agencies, localities, … [Read more...] about “Digital Vietnamese knowledge system” project launched in Hanoi