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270,000 SMEs take up digital transformation in Q2
Digital Biz

270,000 SMEs take up digital transformation in Q2

According to the Ministry of Information and Communications, the number of small and medium-sized enterprises (SMEs) accessing and participating in the SMEdx program in the second quarter reached nearly 270,000, up 59 per cent against the first quarter. The SMEdx program targets developing and implementing plans to support the digital transformation of SMEs in all of Vietnam’s 63 cities and provinces.
Digital Biz

Da Nang launches Cashless Payment Street

Central Da Nang city and the Vietnam E-commerce Association (VECOM) jointly launched the “Cashless Payment Street - Hai Chau 2022” program on June 16. The street is along two central roads in Da Nang with many food establishments, shops, and entertainment venues. The city previously applied cashless payments with 37 banks at 1,000 small businesses in three main markets.
Capital waiting to go to Vietnamese blockchain projects

Capital waiting to go to Vietnamese blockchain projects

Vietnam is a very attractive blockchain market for investors, and many domestic and foreign funds are waiting to invest in local companies once the legal framework is completed, which the Ministry of Science and Technology has said will happen shortly.
Vietnam Blockchain Association launched

Vietnam Blockchain Association launched

At a launch ceremony for the Vietnam Blockchain Association on May 17, six goals and six action programs were set out to promote the development of blockchain in Vietnam, most notably by improving the legal framework and promoting international cooperation.
Vietnam to host Blockchain Summit for first time in July

Vietnam to host Blockchain Summit for first time in July

The Vietnam Blockchain Summit 2022 is to be held over two days, July 21 and 22, with more than 2,500 delegates expected to attend. Vietnam is considered a bright spot on the world blockchain map, with a large number of projects and a high level of blockchain human resources.
Viettel & Qualcomm to develop 5G infrastructure solutions

Viettel & Qualcomm to develop 5G infrastructure solutions

Viettel Group and Qualcomm Technologies, Inc. have announced a cooperative arrangement on developing 5G infrastructure solutions using advanced technology. The deal is considered an important milestone in the national strategy for Made in Vietnam 5G infrastructure development. Viettel has pioneered providing 5G services in Vietnam, with a presence in 18 cities and provinces and with more than 150 transmission stations.
Plan approved for digital transformation of customs sector

Plan approved for digital transformation of customs sector

A plan on digital transformation in the customs sector to 2025 and orientation to 2030 has recently been approved. Particular focus will be given to building digital technology applications, digital data, and solutions for Industry 4.0, to promote the digital transformation of Vietnam’s customs sector and complete the building of “smart customs” by 2030.
Funding Societies launches digital finance platform

Funding Societies launches digital finance platform

Singapore’s Funding Societies launched a digital finance platform on May 10 using artificial intelligence (AI) technology. It has committed to supporting Vietnamese SMEs in fields such as education, retail, technology, and fast-moving consumer goods (FMCG) in Ho Chi Minh City and Hanoi through trade finance, inventory financing, accounts receivable (AR), and accounts payable (AP). Since a test run in Vietnam last December, it has disbursed over $20 million and aims to increase this to over $90 million this year.