Economy
The Baloch people are alienated: Today so are the Pashtuns in Pakistan
Returning to the alienation of Pashtuns it may be mentioned that today they need to carry special travel documents to move across the border which was once a free movement zone
Economy
ADB: GDP Growth is Proof of Vietnam's Resilient Economy
Asian Development Bank (ADB) Country Director for Vietnam Shantanu Chakraborty said that ADB is optimistic about Vietnam's economic prospects.
Economy
Green Economic Cooperation Connects Ho Chi Minh City with Australia
On April 15, Vice Chairman Vo Van Hoan of Ho Chi Minh City People's Committee met Professor John Thwaites, chair of Monash Sustainable Development Institute and Climateworks Center, and an Australian business delegation for green economic cooperation between Vietnam and Australia.
FICO Survey: 77% of Vietnamese prefer digital banking than traditional services
FICO, a global analytics leader, recently released its second annual Consumer Digital Banking study that found Vietnamese tend to be more open to digital banking services than people in other countries in the Asia-Pacific region such as Singapore, Malaysia, New Zealand or Australia.
Foreign firms register trademark protection for Vietnamese rice in U.S
Four foreign companies have registered trademark protection for Vietnam’s ST25 rice in the U.S., which may choke off Vietnamese food exporters tapping the market later, according to Vu Ba Phu, director of the Trade Promotion Department under the Ministry of Industry and Trade.
Economic institute anticipates 6.3% GDP for Vietnamese economy in 2021
Several factors including effective pandemic control will help Vietnam grow 6-6.3 percent this year, according to the Vietnam Institute for Economic and Policy Research (VEPR).
Phu Quoc United Center - Vingroup’s super tourism-resort-entertainment complex officially launched
HANOI, VIETNAM - Media OutReach - 21 April 2021 - On April 21st, Vingroup officially opens Phu Quoc United Center – the brand new super tourism-resort-entertainment complex of in Southeast Asia. Setting 5 national records, featuring thousands of annual grand multimedia shows, mini-shows and offering one-of-a-kind experiences, Phu Quoc United Center - Vietnam's "Sleepless City" - is poised to become a must-go destination in the global tourism map.Covering over 1000 ha in northern Phu Quoc Island, Vingroup's new "tourism-entertainment universe" is said to be comparable to global tourist hotspots like South Korea's Jeju,
Cisco Webex Innovation Breaks Through Language Barriers with Real-Time Translation for More Inclusive Meeting Experiences in Vietnam
News Summary:Webex customers can preview real-time translations from English into 100+ languages including VietnameseWebex AI-powered, real-time translation drives more inclusive collaboration through virtual meeting experiences that are 10x better than in person interactionsWebex innovation paving the way for real-time translation beyond English HO CHI MINH CITY, VIETNAM - Media OutReach - 21 April 2021 - Eliminating language barriers is a key step to enabling a truly hybrid workforce. To help, Cisco recently announced the availability (currently in preview) of its real-time translation feature while also
Vietnam’s e-commerce market expected to reach $52 billion by 2025
Vietnam’s e-commerce growth rate is predicted to reach an average of 29% annually throughout the 2020 - 2025 period, with the local online market size anticipated to be $52 billion in 2025.
Microsoft Cloud will accelerate Asia’s post-pandemic economic growth, creating tens of thousands of jobs and billions of dollars in revenue in the next four years
SINGAPORE - Media OutReach - 21 April 2021 - As Asia moves out of the pandemic, cloud is not only a critical foundation for business resilience but will also be a key driver of the region's next wave of economic growth. Recent research by IDC, shows that Microsoft's most recent datacenter expansions in Malaysia, Indonesia, and Taiwan alone, in partnership with its ecosystem, are set to generate more than $21 billion in new revenues and will create 100,000 new jobs in the next four years[1]. Microsoft is also unveiling an immersive virtual datacenter tour to empower every individual to experience the foundation for today's work,
Vietnam emerges as world’s 13th largest mango producer
Vietnam is the 13th largest producer of mangoes in the world, with a total production area of 87,000 hectares and output of 893,200 tonnes in 2020, according to the Ministry of Agriculture and Rural Development (MARD).
DFA Hong Kong Young Design Talent Award 2021 Applications Now Open until 28 June
HONG KONG SAR - Media OutReach - 20 April 2021 - In this volatile era where opportunities come with challenges, design talent with global perspectives and innovative thinking are highly desired around the world. The DFA Hong Kong Young Design Talent Award (DFA HKYDTA) supports Hong Kong's young designers to gain immersive experiences and unleash their potentials by providing them with overseas work or study opportunities. The Award is now open for applications until 28 June 2021.The DFA HKYDTA awardees may receive up to HK$500,000 sponsorship to pursue 6 to 12-month work at renowned design companies or 6 to 18-month study at
CPA Australia: Dynamic Filipino small businesses may be weighed down by financing difficulties
Filipino small businesses made greater use of digital technologies in 2020.Difficulty accessing finance may act as a brake on small business growth in 2021.A young workforce and strong focus on innovation will boost small business momentum. MANILA, PHILIPPINES - Media OutReach - 20 April 2021 - Small businesses in the Philippines significantly increased their use of online payment technologies and sales in 2020. However, difficulty accessing external finance may hamper their growth prospects in 2021, according to CPA Australia's 2020-21 Asia-Pacific Small Business Survey. The survey canvassed 4,227 small businesses in 11 markets
Far East Hospitality rides on first quarter’s momentum for regional expansion
Signs Strategic Alliance Agreement with ARTOTEL Group in IndonesiaOpens second Village property in Yokohama, Japan SINGAPORE - Media OutReach - 20 April 2021 - Riding on the momentum of opening two properties – The Clan Hotel Singapore and Quincy Hotel Melbourne, in the first quarter of 2021, Far East Hospitality today announced that it will continue with its regional expansion plans. Teaming up with ARTOTEL Group To kick things off, the homegrown operator signed a Strategic Alliance Agreement with ARTOTEL Group – Indonesia's leading boutique hospitality and lifestyle group. The Group covers a wide range
Vietnam among WeWork's top markets in Southeast Asia
Vietnam is among the top countries in Southeast Asia for coworking space provider WeWork, growing by 8 percent since early last year.
XA Network expands and appoints senior advisory board, as Southeast Asia digital economy races ahead
Community: XA Network is the leading tech executives' investment network with members from a wide range of technology companies including Alibaba, Gojek, Grab, Google, Amazon, Netflix and Twitter to invest in the Southeast Asia start-up community to help them scale.Opportunity: Southeast Asia's digital economy is set to grow 3x to $300b by 2025 as it becomes hub for startups Growth: XA Network has grown to 100 members in just 2 years, made 30 investments and have already had their first exit with Lomotif, Singapore's video-sharing service, acquisition for US$125 million. Two-fifths of the portfolio has already gone on to
Vietnamese exports to US enjoy sharp increase
The United States continued to represent the largest buyer of local goods during the first quarter of the year, with total export turnover raking in US$21.2 billion, representing a year-on-year rise of 32.8%, according to the Ministry of Agriculture and Rural Development (MARD).
Microsoft announces plans to establish its first datacenter region in Malaysia as part of "Bersama Malaysia" initiative to support inclusive economic growth
KUALA LUMPUR, MALAYSIA - Media OutReach - 19 April 2021 - Microsoft Corp. today announced its "Bersama Malaysia" (Together with Malaysia) initiative, which marks a significant commitment to empowering Malaysia's inclusive digital economy and advancing the nation's digital transformation across the private and public sectors. As part of the plan, Microsoft will establish its first datacenter region in the country to deliver trusted cloud services locally, with world-class data security, privacy, and the ability to store data in-country. Microsoft also announced plans to skill an additional 1 million Malaysians by end of 2023 to
Vietnam’s services sector expected to grow by 7-8% this decade
Vietnam’s services sector is targeting a growth rate of 7-8 percent in the 2021-2030 period, higher than the economy’s average growth rate, and eyeing to account for 50 percent of GDP by 2030.
Vietnamese goods competitive on global e-commerce platforms
A number of businesses based in Ho Chi Minh City are getting involved in international e-commerce platforms such as Amazon and Alibaba with the aim of connecting with foreign customers and raising their revenue.
Foreigners allowed to buy houses in 17 real estate projects in Da Nang
Authorities in the central city of Danang have listed 17 commercial housing projects in which foreign organizations and individuals are allowed to buy homes.
Ninh Thuan inaugurated Southeast Asia’s largest renewable energy complex
On April 16, The Trung Nam Group and authorities of the central province of Ninh Thuan inagurated a complex of solar and wind farms, which is the largest of its kind in Southeast Asia.
Vietnam emerges as R&D centre of tech giants
Samsung Electronics has built a research and development (R&D) centre worth US$ 200 million in Vietnam, while Qualcomm has set up its first regional R&D facility in Hanoi.
