The Vietnam Actuarial Conference 2018 hosted by Prudential with the attendance of over 200 actuaries and insurance professionals discussing Big Data More insurance businesses are now planning to apply new technologies in their management systems and improve customer services, while many also plan to develop new products to meet market demand as well as diversify insurance sales channels, according to a survey released by Vietnam Report in June last year. In particular, 82.4 per cent of insurance companies said they were building a Mobile Internet development strategy and 64.7 per cent have adopted strategies based on two key factors in Industry 4.0: the Internet of Things (IoT) and Big Data. Disruptive technology Big Data provides new insights from social networks, telematics sensors, and other new information channels. As a result, it allows understanding customer preferences better, enabling new business approaches, product development, and enhancing existing internal models, … [Read more...] about How can Big Data drive the future of insurance?
How to develop social media strategy
Young Vietnamese basketball players see in overseas Vietnamese a more realistic potential of the athletes they can become, so the latter inspire more confidence and commitment, experts say. And they have amazing stories to tell. In 1980, a 15-year-old Vietnamese boy named Nhan swam two kilometers from the Da Nang coast to a ship heading to Hong Kong. He fled the country without saying goodbye to his family, and found his way to starting a new life in California, United States. Thirty-six years later, Nhan’s son, Horace Nguyen, decided to return to the very country his dad left behind, to start a new life of his own, pursuing his dream of playing professional basketball. Horace is one of the first foreign players of Vietnamese descent to play basketball professionally in Vietnam, specifically in the annual tournament organized by the Vietnam Basketball Association (VBA). Established in 2016, the VBA league has six teams: Da Nang Dragons, Ho Chi Minh City Wings, Sai Gon Heat, Ha … [Read more...] about Vietnam gains as overseas Vietnamese players go through the hoops
Viet Nam News HCM CITY – The HCM City’s Department of Health plans to develop a high-tech centre for cancer screening next year to reduce the number of people who need to go abroad for health examinations. “The centre will also help reduce overcrowding at many large hospitals, including at the Oncology Hospital. The doctors will have more time for treatment,” Dr Tăng Chí Thượng, the department’s deputy head, said during an annnual conference on cancer prevention which ends on Friday in HCM City. Thượng instructed the Oncology Hospital and other specialised health facilities to take part in the development of the centre, and encouraged them to expand their networks for cancer prevention in the community. The Oncology Hospital, for instance, has carried out many programmes on how to take care of patients’ health during and after treatment. Patients are also informed about various cancer therapies and given … [Read more...] about City to open hi-tech centre for cancer screening
Illustrative image. (Photo: VNA) Hanoi (VNA) – A three-month social media campaign against smoking was launched by the World Health Organisation (WHO) in Vietnam in partnership with key tobacco control partners in Hanoi on September 27. Themed “#Respect,” the campaign aims to promote a smoke-free environment to protect and improve public health. It calls on everyone, smokers and non-smokers, to respect the law on tobacco control and respect their and others’ health by ending indoor smoking at public spaces to prevent exposure to second-hand smoke. The hashtag #Respect was created to help people spread anti-smoking messages on social networks and the public is encouraged to support the campaign by sharing posts, making supportive comments and creating tobacco-related stories with the hashtag. The campaign’s launch coincided with the third United Nations High-Level Meeting on Non-communicable Diseases (NCDs) in New York. “This way, we also aim … [Read more...] about WHO’s social media campaign promotes smoke-free environment
Legal framework for child care on the internet Vietnam, with 64 million Internet users (67% of its population), is among Asian countries having the biggest number of Internet users. A majority of these users are children and teenagers, who are exposed to both benefits and dangers. In addition to close attention from parents and schools, a legal framework is needed to protect children from the risks of the cyber world. While browsing the Internet, children may encounter unexpected information and people. Their personal information can be hacked. More seriously, children can become victims of swindles, exploitation, harassment, and sex abuse. Online game and smartphone addictions can harm children’s mental and physical health. Parents should teach children how to find and use information on the Internet. Dang Hoa Nam, Director of the Department for Children of the Ministry of Labor, Invalids, and Social Affairs, said, “Parents play a very important role. They should be … [Read more...] about Social News 7/8
Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6
Mr. Paul Huynh, HR Director, KPMG Vietnam With the dynamic changes that are constantly happening, it’s important that HR teams are future-ready by proactively looking at the entire employee and people experience. Automation, robotics and artificial intelligence (AI) are impacting every facet of the business, so looking at enhancements to the way you recruit, develop and motivate talent to stay with the company should be done with a digital lens. Data and analytics will continue to play a key role, so a HR teams’ ability to use and manipulate critical data will ensure it adds real strategic value to the organization and its leaders. It’s very important to fully understand the benefits that technology can bring to a company’s overall performance and employee productivity. Senior HR therefore need to select the systems most suitable to their organization and equip employees with comprehensive knowledge on using these technologies, via training or demonstration. … [Read more...] about Industry 4.0 to bring cultural change
They made the reaffirmation in a Joint Statement adopted at the sixth GMS Summit held in Hanoi on March 31. Heads of delegations at the GMS 6 in Hanoi on March 31 The following is the full text of the Joint Statement. THE SIXTH GREATER MEKONG SUBREGION SUMMIT Hanoi, Vietnam 31 March 2018 Joint Summit Declaration Leveraging 25 Years of Cooperation for a Sustainable, Integrated and Prosperous GMS WE, the Heads of the Governments and delegations of the Kingdom of Cambodia, the People’s Republic of China, the Lao People’s Democratic Republic, the Republic of the Union of Myanmar, the Kingdom of Thailand, and the Socialist Republic of Vietnam, on the occasion of the Sixth GMS Summit: Acknowledging the successful results of the GMS Economic Cooperation Program as we celebrate its 25th Anniversary and embracing a new era of development in the subregion; Appreciating that success has been achieved with strong ownership and commitment of GMS countries, … [Read more...] about GMS leaders reaffirm commitment to enhancing economic cooperation
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?
Social media regulation, particularly relating to Facebook, was an agenda-topping item for various Vietnamese state agencies in 2017, highlighting the country’s apparent maneuvers to counter new threats in cyberspace. With Vietnam’s tax authorities unable to develop a viable strategy to force Internet-based technology giants to pay taxes and the Ministry of Information and Communications’ concern that social media is providing an easily accessible place for publishing "toxic content," a Party-run agency has been created to focus on ‘orienting’ content on certain platforms. Social media as a medium for ideology sharing At a meeting in Ho Chi Minh City late last year to recap its 2017 action plan, Vo Van Thuong, head of the Vietnamese Party’s Central Commission for Propaganda and Education, spent a chunk of his speaking time focusing on issues related to social media content. Thuong said social media can create profound impacts on public sentiment … [Read more...] about Vietnam moves to cope with unconventional challenges on social media