The world is experiencing the fourth industrial revolution (industry 4.0), which is described in the National Digital Transformation Plan as a huge technological revolution. The fourth industrial revolution is quite different from the previous ones in terms of space, scale, width and depth as it is based on a digital revolution and involves numerous technologies. This may lead to historically unprecedented changes in socio-economic development models and the socio-political systems of countries as well as in trade, investment, and the economic activities of businesses. According to experts, to win the game “Industry 4.0” countries must conduct a digital transformation. In Vietnam, the entire digital revolution is led by the Government. In other words, the Government is responsible for crafting policies, strategies and orientations for the development of digital transformation and digital economy. Photo: qdnd.vn In fact, the Prime Minister has assigned the … [Read more...] about Part I: Why Vietnam needs to carry out digital transformation
Vn economic times
By An Phương Illustration by Trịnh Lập Lotus, a made-in-Việt Nam social media platform, debuted about two months ago. Together with recent launches of Gapo and Hahalolo and six other platforms that have yet to be introduced, I wonder if these homegrown social media apps can bring real value to Vietnamese users? Will they last? As a social media enthusiast, I have been trying the beta version of Lotus since September. Since this app was developed by over 200 technical engineers at Việt Nam Communications Corporation (VCCorp), my expectations for Lotus have been quite high. “Lotus takes a different path from other social networks, striving to be a content-centric platform that gives users freedom to be creative and produce more quality content,” Nguyễn Thế Tân, CEO of VCCorp, has said. A friend of mine, Thanh Quý, 26, said: "That explains why Lotus has … [Read more...] about What’s the future of homegrown social networking sites?
The average working day for bank worker Pham Hong Nhung in Hanoi normally starts at 7am and ends at around 8pm. Illustrative image -- File photo “My bank opens at 8am but I have to arrive earlier to prepare the cash. When the branch closes, my colleagues and I have to deal with paperwork, so we work up to 12 hours per day.” As well as working five and a half days per week, she sometimes has to attend events on Saturday evening or even on Sunday. “I am exhausted, to be honest. Both my health and looks are going downhill. I can't take proper care of my family as well. My son is only one and is not at nursery school yet, so I have to hire a nanny. My son might be even closer to her than me,” the 28-year-old says. Nhung revealed that bank clerks and other positions at the bank are also busy and overtime is seen as a routine for them. “Sometimes I even have to go to the office on weekends and national holidays,” says 30-year-old Hoang Lan Phuong, … [Read more...] about More overtime, less happiness?