YouthSpark 2016 launched with $270,000 investment
The YouthSpark 2016 programme was officially launched on April 4 with an investment of US$270,000.
Co-organised by Microsoft Viet Nam and the Viet Nam Chamber of Commerce Industry (VCCI), this year’s programme is entitled “Career Readiness” and aims to empower the youth by providing them with opportunities for education, employment and entrepreneurship.
Of the total investment, Microsoft Viet Nam has funded about $230,000 and VCCI has provided more than $40,000. According to the programme’s initial plan, about 4,600 adolescents would directly benefit from the support provided by the programme.
During the launching ceremony, nearly 200 participants including youth, lecturers and representatives of enterprises gathered to share their practical experiences in training and entrepreneurial opportunities. Experts provided youth with the latest information on education and business, and nurtured their passions while encouraging their entrepreneurial spirits.
There was also a discussion between local and foreign experts about the opportunities and challenges that the Vietnamese labour market is facing as Viet Nam has recently signed many Free Trade Agreements and joined regional and international economic communities.
This programme served as an open dialogue between experts, businesses and universities as well as vocational schools, aiming to strengthen the links between businesses and educational institutions, said General Secretary of VCCI Pham Thi Thu Hang.
“Not only do enterprises provide information about their demand for employers, but they also directly participate in the vocational training process so they can conduct an objective assessment of their labourers, providing them with practical knowledge and experiences,” she said.
Microsoft’s YouthSpark is a global initiative that aims to offer opportunities to 300 million youth in more than 100 countries around the world. The programme aims to provide technological skills in training, along with connections for employment and entrepreneurial opportunities for youth.
In Viet Nam, it focuses on three areas including employment, investment for youth and support for young leaders across the country.
Digital banks attract significant numbers of customers
After only six months of launching MyVIB 2.0 digital banking application – which uses multi-cloud computing technology to process 60-70 per cent of the input data to help banks realise ideas, bring products and services to the market faster and respond sooner to customer requests, VIB has doubled the number of customers compared to the previous year and reach the target of 4 million customers nearly a year earlier than expected.
Not only VIB, the wave of “cloudisation” of digital banking applications to expand modes and storage capacity, and increase integrated processing and user data security capacity has been invested in and implemented by many commercial banks.
Currently, VietABank, PVcomBank, VietinBank, Techcombank, SeABank, ABBank and OCB have all integrated cloud computing technologies to launch new digital banking platforms serving the sales of retail products and services, attracting millions of users.
The business results by the end of 2022 of banks showed a sharp increase in the number of new customers attracted by banks thanks to their digital applications. For example, MB last year added 7 million customers in the wake of developing Biz MBBank and Charity app while Techcombank with E-Banking apps (using AWS cloud computing technology) attracted an additional 1.2 million users in 2022. ACB and TPBank also said they recorded an annual growth of 30 per cent in the number of customers using digital applications in the 2019-22 period.
Along with the increase in the number of customers, the investment in new technologies and digitalisation of business activities have helped many banks attain significant achievements. For VIB and ACB, the proportion of revenue from retail activities was around 90 per cent in 2022. Retail activities at other banks such as MB, Techcombank and Sacombank currently account for more than 50 per cent of their business portfolio.
Recent research by Gimigo Vietnam showed 2023 will continue to witness fierce competition between banks in developing retail digital banking applications to gain market share.
According to Gimigo, the group of large State-owned banks such as Vietcombank, BIDV, Agribank, VietinBank and MB was leading in the retail segment thanks to being trusted by users and having a widespread network by the end of 2022. However, the group of private banks such as Techcombank, Sacombank, ACB, VPBank and TPBank have significantly improved their awareness level and attracted a large number of users in recent months.
Gimigo’s survey in Ha Noi, HCM City and some other big cities showed the digital applications of Techcombank, ACB and Sacombank are currently competing strongly with large-sized State-owned banks. Other private banks such as TPBank and VPBank also have high net promoter scores (NPS). Thus, the group of banks has many opportunities to expand the customer base thanks to the existing group of loyal customers and the new customers.
According to experts, developing the networks of branches, transaction offices, POS and ATMs is no longer the banks’ top priority. Instead, they focus on digitisation of products and services. To maintain the number of customers, banks need to pay more attention to transaction costs, quality of products and services, staff attitude, customer service, and continuous improvement of online procedures.
Regarding the development trend of digital application generations this year, Gimigo said besides investment in cloud computing technologies and applying Artificial Intelligence (AI) and Machine Learning to develop applications to support retail sales of products and services, banks will tend to pour in an integrated open banking ecosystem.
Some banks, which have so far invested in purely digital banking models such as Cake, Timo, Tnex, Octo and Ubank, have attracted users. For example, VPBank’s Cake app currently has 1 million users.
Experts forecast banks will invest more in developing completely new digital banking brands in the near future. In which, micro products and services will be integrated into personal financial management tools to attract customers to use banks’ retail products and services.
Source: Việt Nam News
Over 57,000 ransomware attacks hit Vietnam in 2022
Vietnam suffered 57,389 ransomware attacks in 2022, the third-highest in Southeast Asia following Indonesia and Thailand.
The region recorded a total of 340,904 ransomware attacks targeting businesses last year, General Manager of Kaspersky for Southeast Asia Yeo Siang Tiong told a press briefing in Ho Chi Minh City on March 14.
Ransomware is a type of malware that locks a computer and mobile device or encrypts electronic files. To obtain the “decryption” key or retrieve data, a ransom is sought by the cybercriminals behind the attack.
Digital kidnappers are targeting enterprises in Southeast Asia, Mr. Yeo said, and the trend is forecast to continue increasing this year and see more complicated attacks.
Medigo’s app makes prescription deliveries available 24/7 in Vietnam
Now Ho Chi Minh City-based Medigo is planning to grow its telehealth ecosystem with $2 million in new funding by East Ventures, with participation from Pavilion Capital and Touchstone Partners.
The new capital will allow Medigo to expand its remote doctor consultations, medicine delivery services and home testing services, including blood tests, urine tests and pregnancy tests.
Medigo’s app connects users to nearby licenses pharmacies and delivers medicine within 20 minutes. It currently has 1,000 pharmacy partners in Hanoi, Da Nang and Ho Chi Minh City, Vietnam’s three biggest cities, and will began expanding to Tier 2 cities, like Binh Duong, Vung Tau and Hai Phong, this year.
The startup’s CEO and co-fouder Ha Le began working on the app after he had trouble finding fever reducers for his daughter in the middle of the night. “When I was in university as a software engineer, I never thought that working in the healthcare space would be the center of my daily life, but now, it is my life’s mission,” he told TechCrunch.
Medigo has plenty of competitors, including Doctor Anywhere, Jio Health, Edoctor, Long Chau, Pharmacity and Rightnow. Le said Medigo differentiates by working with pharmacies that are open around the clock so it is able to operate 24/7 consistently. It also plans to connect different providers, so users can have more choices on the same platform.
In a statement about the investment, East Ventures managing partner Koh Wai Kit said, “Digital technologies can improve the accessibility and affordability of good quality healthcare. We are excited by Medigo’s mission to revolutionize pharmacies and healthcare services in Vietnam.”
CapitaLand Ascott’s gross profit in Vietnam up 31% to $10 mln in 2022
Heatwave to hit north-central, northern Vietnam this week
Bamboo Airways has new investor
Let’s switch off lights for Earth Hour in Vietnam!
Moroccan villagers keep communal store tradition alive
Việt Nam shocks Australia in U20 Asian Cup opening game
Fire at Indonesia’s Pertamina fuel storage station kills 17
Phan Anh Tuấn introduces Vietnamese culture at Bangkok Design Week 2023
Film week to celebrate 80th anniversary of Party’s first platform on culture
WBA Asia champions Toàn, Hoàng to defend belts next month
First Vietnamese representative at a Winter Olympic
Da Nang museums attracting domestic visitors with free entry policy
Nom, nom, Việt Nam – Episode 76: Fried cheese sticks
In Sa Pa, ethnic children forced to peddle on streets in bitterly cold night
Nom, nom, Việt Nam – Episode 74: Huế beef noodle soup
Your Vietnam1 week ago
California Fitness brings transformation challenge back to Việt Nam
International2 weeks ago
Shetland sanctuary fights to save seals as pollution takes toll
Entertainment-Sports1 week ago
The Local Game:I love to say I told you so
Entertainment-Sports2 weeks ago
Diva Hồng Nhung hosts concert commemorating songwriter Sơn
Business2 weeks ago
Vietnam’s Premier Tells Central Bank to Review Property Loans
Business2 weeks ago
Masan announces new $650 mln syndicated loan
Travel1 week ago
Quang Ninh province boosts tourism development with new sites and tours
Entertainment-Sports2 weeks ago
Vietnamese music crosses the border to go viral