Corporate

In the context of the fast development of e-sports in Vietnam, Nguyen Thanh Hung, director of e-sports development at VNG, Vietnam’s first startup unicorn, shared his ideas to develop the market. Nguyen Thanh Hung, director of e-sports development at VNG From the perspective of a publisher and organiser of game tournaments in Vietnam, how does VNG see the Vietnamese e-sports market? Over the past few years, e-sports has become hugely popular in countries like the US and the EU with major tournaments bringing together millions of fans. In Vietnam, e-sports is still a new concept and current e-sports activities are on a spontaneous scale. We believe that if e-sports is invested in the right direction, Vietnam will have a full convergence of factors to be able to develop into a great nation in e-sports in the region such as Korea, Thailand, and the Philippines. Currently, e-sports has been nominated for the Asian Games 2018, SEA Games 2019, and may be nominated as an … [Read more...] about Developing e sports in Vietnam

US President Donald Trump says tariffs on Chinese goods will help pay for a IS$16 billion programme to support farmers hurt by the trade war. (AFP/Jim WATSON) "Huawei is something that is very dangerous," Trump told reporters at the White House. "You look at what they've done from a security standpoint, a military standpoint. Very dangerous." That notwithstanding, Trump said there is a "good possibility" Washington will reach an agreement with Beijing to end the escalating trade conflict, and that "it's possible that Huawei would be included in a trade deal." The two sides have hardened their stands over Huawei, with the US blacklisting the smartphone and telecommunications company over worries that China uses it as a tool for espionage, while Beijing has accused Washington of "bullying" the firm. Trump's comments directly contradicted statements from US Secretary of State Mike Pompeo, who said just hours earlier that Huawei and the trade issue were not linked. In an interview on … [Read more...] about Trump says US China trade deal could include Huawei

ARM technology is used in more than 130 billion chips worldwide and is ubiquitous in mobile devices, so losing access to the British company would be like losing a limb for China's embattled Huawei. Huawei has at least a year's supply of key components stockpiled. (Photo: AFP/Fred Dufour) ARM Holdings, a British designer of semiconductors owned by Japanese group Softbank, has become the latest company embroiled in President Donald Trump's decision to effectively shut Huawei out of the United States. "ARM is complying with the latest restrictions set forth by the US government and is having ongoing conversations with the appropriate US government agencies to ensure we remain compliant," the Cambridge-based company said in a statement. "ARM values its relationship with our longtime partner HiSilicon (Huawei's chip subsidiary) and we are hopeful for a swift resolution on this matter," it said. The BBC reported that ARM management had circulated an internal memo to say that … [Read more...] about ARM amputation: Huawei”s big chip problem

Company logos for Panasonic (left) and Huawei (right). (Photos: REUTERS/Kim Kyung-Hoon/AFP/WANG ZHAO) The announcement came a day after four major Japanese and British mobile carriers said they would delay releasing new 5G Huawei handsets. "We've stopped all business transactions with Huawei and its 68 group companies ... that are subject to the US government ban," Panasonic spokesman Joe Flynn said. "Yesterday an internal instruction to fully enforce that rule was issued," he added. Flynn said Panasonic's business with Huawei involves the supply of "electronic parts", but declined to provide further details. Washington's restrictions affect products made in the United States, where Panasonic manufactures some of the components it supplies to Huawei, the Japanese firm said. The decision raises the pressure on Huawei after US President Donald Trump last week declared a national emergency to bar US companies from using foreign telecoms equipment deemed a security risk. The move … [Read more...] about Panasonic halting business with Huawei after US ban

Vietnamese cities are already brimming with regional brands from Singapore, South Korea, and Taiwan Photo: Le Toan Ted Tan, deputy chief executive of Enterprise Singapore, a statutory board under the Ministry of Trade and Industry in Singapore, told VIR that franchising and licensing are one of easier ways for foreign brands to make an entrance into new markets. At present, many Singaporean companies are ­looking for franchising opportunities in Vietnam. For example, Tung Lok Group, Singapore's leading restaurant group has recently started a licensing agreement in the country. “Singapore has a small domestic market so most companies expand globally and regionally,” said Tan. “Singapore has many good concepts for franchises overseas such as BreadTalk. The chain is successful in bringing its concept to Vietnam and around the region.” Many Singaporean food and beverage (F&B) players have entered the Vietnamese market through the franchising route like … [Read more...] about Potential for regional names