The productivity and competitiveness of Vietnamese enterprises remain low, according to a report by Vietnam Academy of Social Sciences, the Ministry of Planning and Investment, and the UN Development Programme. How can ABB solutions contribute to coping with this issue? In smart manufacturing and production, ABB smart technologies help customers advance to the next level via automation, energy efficiency, and higher productivity. Connecting efficiency and productivity is a key for the future of the industrial sectors. Our solutions to meet customers’ biggest challenges include shorter product cycles, more frequent launches, reduced cost of downtime, higher reliability, as well as increased human and robot interaction. Robots have a critical role in the factory of the future. Producers are now deploying advanced robotics as an essential element of advanced automation. Enhancing plant structures and processes with digital technologies can increase productivity and flexibility in … [Read more...] about ABB shapes sustainable future with 4.0 solutions
Operational key performance indicators
Banks see higher employee efficiency
Each employee of Techcombank earned the bank over VND1.88 billion in revenue and VND1.09 billion in pre-tax profit last year. — Photo Techcombank Many banks have seen their employee efficiency increase significantly, with each member of staff earning them more than VND1 billion (US$43,000) in pre-tax profit on average last year. According to banks’ financial statements released recently, Techcombank had the highest profit per employee in the Vietnamese banking system in 2018. Specifically, each employee of Techcombank generated over VND1.88 billion in revenue and VND1.09 billion in pre-tax profit last year. Techcombank’s workforce increased by 1,429 last year to 9,757, of which 9,210 were employees of the parent bank. The bank’s total consolidated revenue hit VND18.346 trillion last year while its profit skyrocketed to exceed the VND10 trillion threshold for the first time. Ranking second is the performance of employees of State-owned Vietcombank. Vietcombank … [Read more...] about Banks see higher employee efficiency
Average income in telecommunications through the roof
The average income of three telecom giants' employees. Unit: USD per month, Viettel has yet to publish its data 2018 VNPT: tripling in five years At the meeting between Deputy Prime Minister Vuong Dinh Hue and VNPT in the first working day after Tet (Lunar New Year), Pham Duc Long, VNPT’s general director reported about the group’s operations. Accordingly, the average income of VNPT employees in 2018 was about VND28 million ($1,217) per month. This is a very surprising number. Five years ago, VNPT began restructuring its operations and employees’ salary at the time was VND11.7 million ($509) per month. “During the restructuring, VNPT has focused on creating mechanisms to motivate employees, then synchronously deploying the 3P salary scale and BSC/KPI (Balance Scored/Key Performance Indicators) evaluation criteria throughout the corporation. This motivated employees to improve their efficiency, productivity, and income,” Long said. Deputy Prime Minister … [Read more...] about Average income in telecommunications through the roof
In spite of sharp hike in demand for mobile services during Tet, Viettel still ensures high quality of its network
The group also revealed that the need of its customers for SMS remained unchanged but the number of calls reduced 5-10%. In fact, the group had anticipated this trend so it had focused on improving the quality and capacity of its 4G network, ensuring that its customers could access the internet, and share pictures, video clips or live-streams at a good speed, even at crowded public places or during peak hours. Viettel staff checks network equipment In addition to its 120,000 BTS, including 40,000 4G ones, Viettel had also applied some 12,000 technical solutions before the Tet 2019, such as improving capacity of its BTS; increasing data capacity and resources, deploying hundreds of mobile BTS to public places and events; installing about 230 new wifi transmitters at bus stations, railway stations and city centers; and installing 2,100 sets of twin beam antenna to double the capacity of a BTS. To ensure the quality of the network operation, Viettel used the key … [Read more...] about In spite of sharp hike in demand for mobile services during Tet, Viettel still ensures high quality of its network
Private sector key to achieving SDG 9
Axel Neubert, country director of the Hanns Seidel Foundation’s Vietnam Office During the United Nations Sustainable Development Summit in September 2015, the world leaders agreed on the adoption of Agenda 2030 for Sustainable Development. At the heart of the Agenda are 17 goals, which are built on the Millennium Development Goals but are “more comprehensive and complex and a springboard for continued progress.” The 17 Sustainable Development Goals (SDGs), which are the actionable part of Agenda 2030, are designed to balance economic, social, and environmental dimensions of development. At the same time, the SDGs should be implemented in an integrated way to ensure no one is left behind. The principle of ‘leaving no-one behind’ refers not only to the importance of equitable access to developmental outcomes, it also means that implementing the SDGs requires a ‘whole-of-society’ approach with contributions from all sectors of society to the … [Read more...] about Private sector key to achieving SDG 9
Schneider Electric to unlock hidden value of industrial assets
Schneider Electric will insert Transpara's solutions into its IIoT products Schneider Electric, the global specialist in the digital transformation of energy management and automation, has signed a global OEM and distribution partnership agreement with Transpara, a developer of real-time monitoring, visualisation, and alerting software. Under the terms of the agreement, Schneider Electric will provide its customers with new IIoT solutions that enhance data visibility, context, and alerting so they can seize real-time control of their critical business risks, including risks to the efficiency, reliability, safety, and profitability of their operations. “As our customers continue their digital journeys, they seek to make their operating assets more intelligent, but aggregating, contextualising, and applying the data that comes from those assets and asset sets in a meaningful way continues to be a challenge,” said Chris Lyden, senior vice president, Process Automation, … [Read more...] about Schneider Electric to unlock hidden value of industrial assets
10 month socioeconomic performance in Hanoi
The HPA has been actively promoting socioeconomic development in Hanoi Specifically, according to the report of the Hanoi People's Committee, in the first ten months of 2018, the economy remained stable and grew faster than the same period last year. In October, the industrial production index increased by 5.9 per cent over the previous month and rose by 8.2 per cent over 2017, including a 0.5 per cent increase in mining against the previous month but a decrease of 3.6 per cent compared to the corresponding period last year; processing and manufacturing grew by 6.6 per cent over the previous month and 8.1 per cent on-year. Along with this, the city has approved the development planning of Hanoi industrial cluster until 2020 with a view to 2030, and Hanoi’s core industrial product development project until 2020 with orientation to 2025. The city has also issued a decision on the establishment of five industrial clusters and ratified the plan on the development of gas trading in … [Read more...] about 10 month socioeconomic performance in Hanoi
Keeping your business ahead in the digital age
Grant Dennis Obstacles for ASEAN and Vietnam Fifty years after its establishment, the ASEAN has become one of the fastest-growing and most dynamic regions in the world. The region is still expected to outperform average global growth and is estimated to expand by 5.3 per cent in 2018, led by emerging economies such as Vietnam, which is projected to grow by 6.9 per cent, according to the Economic Outlook by the Organisation for Economic Co-operation and Development (OECD). However, new technologies such as the Internet of Things, advanced robotics, and artificial intelligence (AI) could threaten this growth story in the longer term – unless ASEAN markets start preparing themselves for the shift. The ASEAN’s core value proposition, low labour costs, will fade away over the coming decades, as protectionist sentiments and new technologies rise. These factors will keep more production within the shores of the developed parts of the world. Moreover, there is still a gap … [Read more...] about Keeping your business ahead in the digital age
Digitalisation could be boon for region
Viet Nam News HCM CITY – The Gross Domestic Product (GDP) of Asia Pacific will gain an extra US$387 billion by 2021 and grow by another 1 per cent annually if the region’s manufacturing sector embraces digital transformation, according to the study “Unlocking the Economic Impact of Digital Transformation in Asia Pacific”. The report, released on Friday, was jointly conducted by Microsoft and IDC Asia/Pacific based on a survey of 615 business leaders from the manufacturing sector across 15 markets in the region, including Việt Nam. “Embracing digital transformation is a critical imperative for manufacturers,” said Lucky Gani, marketing and operation lead for Microsoft Vietnam. “Those organisations which had already embarked on their digital transformation journeys gained improvements in the range of 13 per cent to 17 per … [Read more...] about Digitalisation could be boon for region
Siemens is keen to build for the future
Matthias Rebellius CEO, Siemens Building Technologies According to PR Newswire, the country’s construction industry is expected to expand in real terms over the forecast period (2017-2021), due to investments in transport infrastructure, energy and utilities, and affordable housing projects. Additionally, government investment in public infrastructure and education and healthcare buildings as part of the 2016–2020 Development Plan will support this growth. This positive outlook reinforces the confidence of foreign companies that are doing business in Vietnam, such as Siemens. A global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability, and internationality for 170 years, Siemens AG is active around the globe, focusing on the areas of electrification, automation, and digitalisation. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens has been a part of Vietnam’s economic … [Read more...] about Siemens is keen to build for the future