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Dr. Craig Emerson, director of the Australian APEC Study Centre Vietnam’s success in containing COVID-19 with minimal economic fallout compared to other nations has improved its already-strong reputation for competent governance. The government has been liberalising Vietnam’s economy for decades and is now reaping the benefits of rapid growth. Vietnam has stood to gain from the recent US-China trade conflict with many companies relocating at least some of their production facilities there. Vietnam is also rapidly adopting digital technologies to deploy automation, smart manufacturing, and big data analytics. Competent economic management, consistent reforms, swift digital uptake, and effective COVID-19 containment make Vietnam a very attractive destination for trade and investment in 2021 and beyond. Economically, Vietnam is becoming a manufacturing powerhouse, particularly for electronics and apparel. It is also becoming a focal point for regional value chains with … [Read more...] about Mutual merit in Australian investment

“Today’s announcement is our most significant investment in the 26 years we have been established here,” said Jean-Philippe Courtois, Executive Vice President and President, Microsoft Global Sales, Marketing and Operations at the virtual DevCon 2021.  “I am delighted that we are helping to empower Indonesia to realise its vision to lead the region’s digital transformation.” With the new datacentre region, Indonesia will join the world’s largest cloud infrastructure with over 60 datacentre regions announced to date. The Indonesian datacentre region will deliver trusted cloud services locally, with world-class data security, privacy, and the ability to store data in country, according to Microsoft. “From e-commerce to agriculture, Indonesian businesses across all sectors are gaining a digital advantage with the agility, security and scale offered by Microsoft’s cloud services,” Courtois said. Businesses of all sizes and industries will have access to Microsoft Azure at launch, … [Read more...] about Microsoft to establish first datacentre region in Indonesia

Shopping on Shopee e-commerce platform. — Photo congthuong.vn HÀ NỘI — The Vietnamese e-commerce market is forecast to continue to boom in 2021, with revenue surpassing last year's figure. A report by the Việt Nam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade showed that with 53 per cent of the population participating in online shopping, the e-commerce market in Việt Nam grew 18 per cent, reaching $11.8 billion last year, accounting for 5.5 per cent of total retail sales of consumer goods and services nationwide. Nguyễn Thế Quang, the agency’s deputy director, said e-commerce had had an impressive year of growth and would continue to explode this year and beyond. According to the national master plan on e-commerce development in 2021-2025, by 2025, up to 55 per cent of the population will participate in online shopping, with the average value of online purchases of goods and services reaching US$600 per person annually. … [Read more...] about E-commerce to continue booming in 2021

New platforms are constantly developed to streamline operations, Photo Le Toan MedPro was established in 2018 as a startup by top-notch experts in the healthcare and technology field to address previously unmet challenges such as the frequent overload at many large hospitals as well as the long waiting times. MedPro provides online booking for healthcare appointment to reduce waiting times. After three years of development, the startup has provided services to 500,000 users in Vietnam. General director Bui Trieu Anh Tuan noted that MedPro has partnered with nearly 30 hospitals to provide services like online booking, cashless payment system, and smart medical cards. Its partners include leading hospitals in many localities such as Ho Chi Minh City, Ba Ria-Vung Tau, Dong Nai, and Can Tho and this year, the startup will expand its coverage to Hanoi, Haiphong, Danang, Binh Dinh, and Binh Duong, with a potential customer base of two million people. Similarly, Zoop Care is a … [Read more...] about Startups driving health innovations