Mango put on Vietnam Airlines in-flight menu By Trung Chanh File photo of mango packaging at Cat Tuong Agricultural Processing and Production Company – PHOTO: TRUNG CHANH HCMC – Cat Tuong Agricultural Processing and Production Company said Hoa Loc mango, a fruit specialty of the Mekong Delta province of Tien Giang, is now put on the menu of Vietnam Airlines, starting today, February 14. This allows the province to promote its fruit specialty to local and foreign customers, said Le Van Nghia, permanent vice chairman of Tien Giang Province at the product launch on February 14. Nghia said that Tien Giang has 1,500 hectares under mango farming, with annual output of 35,000 tons. “This fruit got a certificate of geographical indication in 2009 from the National Office of Intellectual Property of Vietnam,” Nghia noted. Le Hong Ha, deputy director of Vietnam Airlines, said the national flag carrier had worked with Tien Giang and chosen pomelos and mangos to serve passengers on domestic and international flights. To preserve the original flavor of the fruit, Vietnam Airlines has applied a strict monitoring process, from the farm to the storage facility, before taking it onboard, Ha said. Doan Van Phuong, director of the Tien Giang Department of Industry and Trade, said that the province exported 7,600 tons of fruits in 2018, earning some US$15 million. Main markets include the Netherlands with 20.5% and the United States with some 17%, besides Japan, South Korea and China. Meanwhile, on the local market, Tien Giang’s fruits… [Read full story]
Will Nguyen, KPMG partner and head of IT Advisory It is universally accepted that digital disruption is very real and is interfering in every part of our lives. I no longer have to leave my house, get in a car, and drive to a restaurant for food. With just a few clicks on a mobile application, my favourite Bun Bo Hue can be delivered to my doorstep within 15 minutes. The same phenomenon is disrupting the corporate world. Companies can leap frog competition by adopting emerging technologies into their business. Enterprise resource planning (ERP) is no longer a multi-million dollar investment. It is now a few hundreds of thousands of US dollars, and in some cases, less than that for a cloud-enabled ERP. Larger organisations do not have to spend millions of dollars on a security operating centre (SOC) and then more to operate and maintain it; there is now SOC-as-a-service available at fraction of the cost and with much better service quality. On the flip side, digital disruption will introduce tremendous challenges to companies who choose to ignore the digital wave. These companies will likely remain static and disjointed while their competitors become more agile, more advanced and robust. According to the 2018 KPMG CEO Outlook Survey, 95 per cent of CEOs interviewed see technological disruption as an opportunity and not a threat to their business. In the same survey, 71 per cent of CEOs said that they are eager and personally ready to incorporate the adoption of digital… [Read full story]
Chinese firm Pinduoduo, an ambitious rival of e-commerce giant Alibaba, plans to raise about US$1.5 billion from Wall Street to fund its expensive expansion. The Shanghai-based company, which specialises in the sale of very low-priced goods, said in a stock market filing on Tuesday that it intends to issue some 37 million new shares while stockholders sell about 14.8 million. At its current Nasdaq stock price of around US$29, the deal could allow the group to raise about US$1.5 billion, according to a Bloomberg calculation. Founded in 2015 by former Google employee Colin Huang, Pinduoduo had a dazzling start and successfully established a place between Alibaba and JD.com, the two titans of the Chinese e-commerce market. His recipe: to allow users to participate in group purchases of everyday consumer goods, from kitchen utensils to socks to food, ultimately obtaining extremely cheap prices. This niche of rock-bottom prices has ensured its popularity among the working classes and in rural areas. Pinduoduo, with its social network features, also encourages customers to associate with each other, and with friends and relatives, to obtain better prices through group sales. It made its stock market debut on Nasdaq last July, raising US$1.6 billion. The new funds would be used “to enhance and expand its business operations… including potential strategic investments and acquisitions”, the firm said in the statement, without giving details. Pinduoduo, which at the end of September claimed some 385.5 million active users – more than doubled in one year – recorded some US$50… [Read full story]
Swedish manufacturer Volvo Cars, owned by Chinese group Geely, said on Wednesday (Feb 6) it was recalling 167,000 cars worldwide because of a problem with the power-operated tailgate. Volvo recalls 167,000 cars worldwide, second in weeks The announcement came just two weeks after Volvo recalled 219,000 vehicles to fix potential fuel leaks in the engine compartment. On Wednesday, the company informed XC60 customers who own 2018 and 2019 models that “a faulty component on cars equipped with power tailgate” could potentially cause “personal injury”. “In cold climate, the tailgate lifting arm may separate, causing noise or loss of function,” it said, stressing that it had not received any reports of “significant injuries”. “This is a preventive action to avoid any future issues,” Volvo said. Affected customers are to receive a letter instructing them to contact their dealer for a free repair. Since Geely acquired the Swedish company from Ford in 2010, Volvo Cars has made a spectacular return to profits. It has now begun to focus on autonomous vehicles and those powered by electric or hybrid motors. In 2017, when it posted record sales, it announced it would only launch electric or hybrid models as of 2019. It is to release its 2018 results on Thursday. AFP
Vietjet has new int’l air link By Le Anh A Vietjet aircraft is seen at Lien Khuong Airport in Lam Dong Province – PHOTO: LE ANH HCMC – Vietjet has introduced a new international route connecting Vietnam’s Phu Quoc Island and China’s Hong Kong. This new direct air service will connect the famous resort island and Hong Kong as one of the most significant destinations for finance, commerce and tourism in the Asia Pacific region. There are four weekly flights, starting from April 19, 2019. With a flying time of 2 hours and 45 minutes, flights will depart from Phu Quoc at 10:50 and land in Hong Kong at 14:35. Flights will depart from Hong Kong at 15:40 and arrive in Phu Quoc at 17:25. Tickets are now available in all of Vietjet’s booking channels. Passengers can grab promotional tickets during the daily golden hours from 12:00 to 14:00 (GMT+7) at www.vietjetair.com (or https://m.vietjetair.com) and on Facebook at www.facebook.com/vietjetvietnam (just click the “Booking” tab). Payments can be easily made with international debit and credit cards, including Visa/ MasterCard/ AMEX/ JCB/ KCP/Union; or with any ATM card registered with internet banking. Currently, Vietjet operates 70 A320, A321 aircraft with more than 385 flights a day, and 106 routes covering destinations across Vietnam and international destinations such as Japan, Hong Kong, Singapore, South Korea, Taiwan, mainland China, Thailand, Myanmar, Malaysia and Cambodia.
Along with the business results from 2018, SCG also launched strategies with the aim of delivering total solutions and new business models and leverage emerging technologies from startups and R&D institutions to seek new opportunities and fulfil customer demand throughout the region. Roongrote Rangsiyopash, President and CEO of SCG announcing the operation results SCG published its financial statement on January 30, 2019 showing an overall decrease in profit from the chemicals business, while the packaging business exhibited consistent and robust growth and the cement-building materials business enjoyed good tailwind. SCG will push two key strategies in 2019, focusing on financial stability and long-term growth management by delivering integrated solutions and new business models that harness digital and deep technologies, and collaborating with leading startups in various regions and research and development institutes across the globe. SCG is also seeking new opportunities to meet consumers’ needs throughout the region. Roongrote Rangsiyopash, president and CEO of SCG, disclosed the company’s unaudited operating results for the 2018 financial year, with registered revenue from sales increasing by 6 per cent on-year to VND340.8 trillion ($14.8 billion). Profit for the year was registered at VND31.87 trillion ($1.39 billion), a decrease of 19 per cent on-year from global economic uncertainties, primarily driven by the trade war, the volatile oil market, and a strengthening Thai baht, which affected the overall performance of SCG. Floating solar solution for solar power generation In 2018, SCG’s revenue from sales of high value-added products and services (HVA) reached VND131.76 trillion ($5.73… [Read full story]
The environmentally-friendly packaging factory of An Phat Holdings JSC is expected to be put into operation in the first quarter of 2020 to deliver products to the northern US area. An Phat Plastic welcoming the US Embassy delegation On January 31, 2019, An Phat Holdings JSC (code: APH) received the high-level delegation of the US Embassy in Vietnam, including Eric Hsu (commercial counsellor), Ton That Tuan, and Tuyet Tress, visiting An Phat Plastic and Green Environment JSC (An Phat Plastic), a subsidiary producing plastic thin film packaging. APH has been strengthening business and affairs in the US recently. Accordingly, APH will develop a factory to produce environmentally-friendly packaging in the country, namely An Phat USA. The factory is expected to be put into operation in the first quarter of 2020 and deliver products around the northern US first. The products of An Phat US contain biodegradable microcomputer bags, PE bags, and other environment-friendly plastic items. The factory will apply high-technology, synchronous automation, and optimise capacity through 300 modern machines. This move is part of the strategy of expanding and developing APH’s global market, as well as show the group’s determination to become a leading group of high-quality and environmentally friendly plastic products in Southeast Asia. An Phat Plastic’s chairman Pham Anh Duong introducing some of the company’s products APH’s plastic thin film packaging is now present in more than 100 countries and regions over the world, including fastidious and demanding markets like Japan, the US, and the EU. Especially, biodegradable… [Read full story]
As the LoRa (Long Range) technology ecosystem accelerates, security remains an area for improvement in the market due to vulnerabilities that leave the network and application server keys accessible in the memory of modules and microcontrollers (MCUs) paired with a LoRaWAN stack. Microchip and The Things Industries’ end-to-end LoRa security solution can address serious security issues in connected devices If keys are accessed in a LoRaWAN device, a hacker can impersonate it and authorise fraudulent transactions, which can result in a scalable attack with substantial losses in service revenue, recovery costs, and brand equity. Microchip Technology Inc. (Nasdaq: MCHP), in partnership with The Things Industries, today announced the industry’s first end-to-end security solution that adds secure, trusted, and managed authentication to LoRaWAN devices at a global scale. The solution brings hardware-based security to the LoRa ecosystem, combining the MCU- and radio-agnostic ATECC608A-MAHTN-T CryptoAuthentication device with The Things Industries’ managed join servers and Microchip’s secure provisioning service. The joint solution significantly simplifies provisioning LoRaWAN devices and addresses the inherent logistical challenges that come with managing LoRaWAN authentication keys from inception and throughout the life of a device. Traditionally, network and application server keys are unprotected in the edge node, and unmonitored, as LoRaWAN devices pass through various supply chain steps and are installed in the field. ATECC608A UDFN chip shot The Common Criteria Joint Interpretation Library (JIL) “high”-rated ATECC608A comes pre-configured with secure key storage, keeping a device’s LoRaWAN secret keys isolated from the system so that sensitive keys are never… [Read full story]
GrabFood expansion: Risky or wise? First of all, it is obvious that the on-demand food delivery market in Vietnam has great potential. According to Euromonitor, the Vietnamese market has a growth rate of 11 per cent per year, and is expected to be worth $38 million by 2020. Besides some big players with a firm position in the market such as Foody, Now.vn, and Vietnammm, users also witnessed some well-known brands withdrawing from the food delivery market due to the huge competitive pressure such as Foodpanda or Lala. This proved that the food delivery market is not an easy market to operate in. As a newcomer among its rivals, GrabFood proved its strength with remarkable milestones on the journey to expand its domestic operation. After the impressive success in Ho Chi Minh City, Hanoi, and Danang, it continued to launch, at the same time, in 12 new provinces and cities, bringing the total number of locations where GrabFood is present up to 15 cities and provinces and becoming the fastest growing food delivery service in Vietnam as well as the leading player in the market today. Many thought it would be impossible for a newcomer to expand to 15 provinces and cities in a measly seven months. No player has previously been able do the same thing, even big names with more experience, because this process requires thorough research and comprehensive investment as well as time to develop a most detailed plan. However, the successful performance of GrabFood has shown… [Read full story]
Toyota Vietnam hands over 200 cars to Futa Bus Lines By Hung Le Toyota’s Hiace minibuses – PHOTO: HUNG LE HCMC – An HCMC-based dealership under Toyota Motor Vietnam has handed over 206 cars, including 170 Hiace 2018 minibuses worth VND200 billion to Futa Bus Lines Phuong Trang Inc (Futa). Dang Trong Hien, general director of Futa, stated that the handover was part of the firm’s plan to add high-quality cars to the fleet to serve travel demand during the 2019 Lunar New Year. Launched in Vietnam in 1996, the Hiace model has rapidly gained popularity among Vietnamese customers in the compact passenger vehicle segment due to its quality and durability. The Hiace minibuses, imported from Thailand, have a 3.0L petrol engine and a four-speed automatic transmission and are fuel efficient. Hiace cars, which are available at all dealerships of Toyota across the country, are priced at VND999 million each, inclusive of value added tax.