Corporate

True Digital Park, developed by Charoen Pokphand (C.P. Group), aspires to be the most complete and open startup ecosystem that powers Thailand to become a global hub for digital innovation. Deputy Prime Minister Somkid Jatusripitak (centre) presided over the opening ceremony of True Digital Park. He was welcomed by CEO Suphachai (right) and Thanasorn Jaidee, president of True Digital Park On September 18, C.P. Group officially launched True Digital Park – the largest digital innovation hub in Southeast Asia. Suphachai Chearavanont, chief executive officer, C.P. Group cum chairman of the executive committee of True Corporation Plc said, “Innovation and digital technology are the driving force of digital transformation, especially for enterprises and industries that need to change their business model and apply digital technology to create added value for products and services. Meanwhile, digital technology also plays an important role in digitialisation, in … [Read more...] about True Digital Park opens as largest digital innovation hub in SEA

Launching the representative office in Vietnam is expected to help KB Asset Management (KBAM) – a member of KB Financial Group (KBFG) – expand its markets and develop investment in Asia. Vietnam is the third foreign location of KB Asset Management On September 3, KBAM launched its representative office in Ho Chi Minh City, marking its third overseas location established as part of KBAM's global scale and network development plan, after representative offices in Singapore and China. The KBAM Vietnam office will focus on conducting research of the local financial market as well as developing new products and services tailored to the specific needs of Vietnam and Southeast Asia. Accordingly, with total assets in Vietnam of more than $150 million and plans to continue to increase this in the coming time, KBAM Vietnam will focus on promoting the asset portfolio including equity, fixed income, real estate, infrastructure, and alternatives. Justin Suh, KBAM … [Read more...] about KB Asset Management launches representative office in Vietnam

Minister of Agriculture and Rural Development Nguyen Xuan Cuong speaking at the conference At a conference held on September 13 by the Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development, leaders of government agencies and experts discussed ways to help Vietnamese exporters of agricultural produce and seafood adapt to new requirements by China and other international markets. Challenges have been growing more serious as Vietnam’s agro-fisheries exports to China shrank 9.2 per cent on-year, reaching over $3.8 billion in the first seven months of 2019. Of the export items, rice saw the highest drop with a decrease of 67.5 per cent, hitting over $159.4 million. The runners-up were fruits and vegetables with $1.6 billion in export turnover, down more than 8 per cent and cassava which dropped 10 per cent to $466 million, according to statistics from the Ministry of Industry and Trade (MoIT). US-China trade tensions are partly to blame, along … [Read more...] about E commerce, e logistics – the key to success for exporters

The appearance of AYA, a startup specialised in lending cups, is expected to resolve the single-use plastic issue of coffee store chains. AYA was officially launched in August in Ho Chi Minh City Instead of bringing tumblers or using single-use plastic cups for takeaway drinks, customers can now borrow AYA cups for a deposit of VND50,000 ($2.17) which they can get back after returning the cups at 20 coffee stores that entered into co-operation with AYA. “Some customers told me that they found lugging along their tumblers every day inconvenient. And they are busy all day, so they keep forgetting the tumblers,” said AYA’s founder Le Thuy Linh. “Therefore, the launch of AYA aims to help them better protect the environment and take away their guilty for constantly using single-use plastic cups.” In fact, similar services have been popping up in developed countries like in Germany where they drew more than 2,500 coffee stores and restaurants on board. … [Read more...] about Cup lending startup AYA solves plastic issue for coffee stores?

Newcomer HeyU is extending its reach to Ho Chi Minh City with a new super app with the explicit intent of taking a chunk out of the market share of Grab-Food, Go-Food, and Now. HeyU is rolling out a range of new functions in its new market to take on reigning super apps On September 9, 2019, HeyU Vietnam Technology JSC officially set foot in Ho Chi Minh City after two years of developing its driver/rider partner network in Hanoi, as well as released a new multi-service application to take on the super apps of Grab and Go-Jek. Accordingly, the app will offer online shopping, e-wallet tied to a bank account, food delivery, and other services. HeyU (formerly San Ship) is a fast delivery application for inner Hanoi and Ho Chi Minh City. It is a sharing economy model connecting shipper and shops, providing solutions to manage orders and optimising delivery time by plotting the shortest route. The company's main commitments include not raising prices during rush hours and … [Read more...] about New app HeyU joins delivery market