Ericsson Group and Vietnam Posts and Telecommunications Corporation (VNPT) will jointly promote smart city initiatives and Industry 4.0 nationwide. The Vietnam-Sweden Business Forum in Stockholm This is part of the memorandum of understanding (MoU) signed between the two sides at the Vietnam-Sweden Business Forum held on May 27 on the occasion of Prime Minister Nguyen Xuan Phuc’s visit to Stockholm. The MoU was one of many others signed at the event. Ericsson was one of the Swedish brand names attending the event, next to ABB, Ericsson, Volvo, and Electrolux. Vietnam’s cities and provinces are ramping up efforts with new action plans to realise the smart city dream. Hanoi, Ho Chi Minh City, and Danang have so far announced new action plans for this. Together with the three cities, some others like Bac Ninh and Binh Duong have also built their own smart city development plans. Currently, more than 30 smart city models are being deployed by VNPT and Viettel, in … [Read more...] about Ericsson Group moves to smart city development plans in Vietnam
Vnpt bac ninh
First mobile virtual network operator launched in Vietnam
Indochina Telecom Company has launched Vietnam's first mobile virtual network operator – Itelecom in Hanoi, becoming the sixth telecoms provider in the country. (Photo: Indochina Telecom) Hanoi (VNA) - Indochina Telecom Company on April 25 in Hanoi launched Vietnam's first mobile virtual network operator (MVNO) – Itelecom, becoming the sixth telecoms provider in the country. The new mobile phone network with prefix number of 087 aims to bring flexible telecom services and stable quality at a reasonable cost. Indochina Telecom Company has launched the MVNO by signing with VNPT to use its mobile phone infrastructure – one of the telecom firms with best coverage and quality in the country. In the initial phase, Itelcom will be introduced to workers at industrial zones in nine provinces and cities including Ha Noi, Thai Nguyen, Vinh Phuc, Bac Giang, Bac Ninh, Binh Duong, Ho Chi Minh City, Long An and Dong Nai. It will connect with all of telecom networks which have … [Read more...] about First mobile virtual network operator launched in Vietnam
First mobile virtual network operator launched in Viet Nam
Indochina Telecom Company on Thursday in Ha Noi launched Viet Nam's first mobile virtual network operator (MVNO) – Itelecom, becoming the sixth telecoms provider in the country. Indochina Telecom Company on Thursday in Ha Noi launched Viet Nam's first mobile virtual network operator (MVNO) – Itelecom, becoming the sixth telecoms provider in the country. The new mobile phone network with prefix number of 087 aims to bring flexible telecom services and stable quality at a reasonable cost. Indochina Telecom Company has launched the MVNO by signing with VNPT to use its mobilephone infrastructure – one of the telecom firms with best coverage and quality in the country. In the initial phase, Itelcom will be introduced to workers at industrial zones in nine provinces and cities including Ha Noi, Thai Nguyen, Vinh Phuc, Bac Giang, Bac Ninh, Binh Duong, HCM City, Long An and Dong Nai. It will connect with all of telecom networks which have unused mobile phone capacity to … [Read more...] about First mobile virtual network operator launched in Viet Nam
VNPT wins silver and gold medals of Stevie Awards 2019
The VNPT Check app is given the gold medal in the category of innovative software to serve business purposes. The app aims at verifying the origin of merchandise using high-level security stamps which are stuck onto goods. These stamps can be scanned via a smart phone when users are purchasing items, helping people to be aware of necessary information like batch code or manufacturer. After being scanned, the stamps can be nullified to avoid reuse on fake items. At the moment, VNPT Check is introduced to more than 5,000 businesses nationwide to be specifically attached to local produce. It has received very positive feedbacks from many users. The VNPT Smart Tourism app won the silver medal in the category of innovative information application for the public and the press. This software meets all regulations on state management system connections, having a rich ecosystem of an integrated database on tourism, a tourism information portal, a tourism app for smart devices, a … [Read more...] about VNPT wins silver and gold medals of Stevie Awards 2019
Industry 4.0 offers opportunities for agricultural breakthroughs
In the 4th Industrial Revolution (Industry 4.0), agriculture is considered one among the most lucrative sectors with opportunities to make breakthroughs. As smart agriculture is an inevitable trend, domestic tech enterprises have actively researched and developed solutions to help Vietnam's agriculture sector to realise this goal. An agricultural crop cultivation model using smart solutions run by VNPT in Hanoi’s Hoa Lac Hi-Tech Park Complete solution for agricultural production Smart agriculture is the next development step of high-tech agriculture, in which information technology (IT) will not only be applied to several stages but also the entire production process, even the post-production stages, such as preliminary processing, packaging, preservation and distribution, especially in the context of increasingly complex climate change, making cultivation based on experience no longer accurate. Therefore, developing a Big Data source to provide information to farmers … [Read more...] about Industry 4.0 offers opportunities for agricultural breakthroughs
BUSINESS NEWS IN BRIEF 19/2
M&A makes up majority of foreign capital inflows Some US$6 billion out of US$7.63 billion in foreign investment capital pledged to HCMC last year came from capital contributions, share acquisitions and purchases of stakes from domestic businesses. HCMC vice chairman Le Thanh Liem said at a conference in Binh Duong Province on February 14 that the pledged investment capital from foreign investors for HCMC last year picked up by 15.59% against the previous year. Of these, there were 1,060 new projects, with total registered capital of US$811.68 million, and 244 projects with additional capital of over US$835 million. Last year also saw 3,283 cases in which foreign investors received approval to contribute capital, buy shares and contribute capital to domestic firms, with registered capital totalling US$5.99 billion. With these results, HCMC received around 60% of foreign capital. According to Liem, the 2014 investment law has provided a favorable legal corridor for foreign investors … [Read more...] about BUSINESS NEWS IN BRIEF 19/2
BUSINESS NEWS IN BRIEF 19/1
Hanoi 3rd in JLL's City Momentum Index The Asia-Pacific is home to 19 of the top 20 cities on the sixth City Momentum Index published by JLL, highlighting the continuing shift of fast urban growth from the West to the East. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Bengaluru and Hyderabad in India, with Hanoi third. “Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies, and people,” said Mr. Jeremy Kelly, Director of Global Research at JLL. “It’s clear that the tech sector is a key driver of both real estate and economic momentum - driven by large technology firms as well as dynamic startups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen.” Although the global economic cycle is in its late stages, there are still many cities in the … [Read more...] about BUSINESS NEWS IN BRIEF 19/1
Fresh investment model drives FDI
Vietnam is searching for overseas partners with roots in hi-tech and innovation, Photo: Le Toan The Vietnam Business Forum (VBF) 2018 is set to open on December 4. Appearing at the event will be representatives from the government, ministries, as well as international organisations and business associations such as the chambers of commerce of Europe, the US, South Korea, and Japan. These representatives, along with others, have been the voice of hundreds of businesses across Vietnam. Themed "Sharing the Opportunities in Global Trade Movements", the VBF is expected to focus on financial resources for infrastructure development; improving knowledge to serve the modernised industry; and solving issues facing businesses, with an aim to create a favourable business climate to leverage more FDI in Vietnam, and to stimulate sustainable economic growth. Last week, RION Co., Ltd – a Japanese manufacturer of commercial products based on science and … [Read more...] about Fresh investment model drives FDI
BUSINESS IN BRIEF 28/1
One more project in the red for VinachemA Laos-based potassium salt mining and processing project is the fifth million-dollar loss-making project of Vietnam National Chemical Group (Vinachem) and the thirteenth of the Trade and Industry sector.The total investment of this Vinachem project is $522 million, including $105 million from Vinachem, $113 million from Vietnam Development Bank (VDB), $161 million from Bank for Investment and Development of Vietnam JSC (BIDV), and $143 million from VietinBank.The project’s scope of exploration is 10 square metres. It is expected to be built within five years and start exploration from 2020, producing 320,000 tonnes annually. However, after two years of construction, the project has stalled in 2017.In 2017, the 20 subsidiaries of Vinachem recorded a total profit of nearly VND2.2 trillion ($100 million), but four projects had a negative revenue of VND2.115 trillion ($93.2 million). Earlier, in the first days of 2018, Deputy Prime … [Read more...] about BUSINESS IN BRIEF 28/1
Social News 5/1
Quang Binh one of the top ten destinations in Vietnam: Trip AdvisorIn 2017, Central Quang Binh Province ranks fourth among the top ten Vietnamese destinations after Hanoi, Ho Chi Minh City, and Hoi An, according to the travel website Trip Advisor.Dang Dong Ha, vice director of the provincial Department of Tourism, said Quang Binh is known as the kingdom of caves and is a paradise waiting to be discovered on interesting tours of fascinating locations like Son Doong, Tu Lan cave system, Da Nhay beach, Thien Duong cave, Phong Nha-Tien Son, Chay River, and Toi cave.Quang Binh welcomed 100,000 foreign visitors for the first time in 2017, a year-on-year rise of 120%.Mr Ha attributed such a rise in popularity to the localities’ efforts in improving service quality and new tourism products, organizing a variety of promotional programs for local tourism like Quang Binh cave festival, and hosting Miss Grand International, all of which lured more visitors to the province. 21 explosions … [Read more...] about Social News 5/1