Bi-Weekly News Update: Jan 1 to Jan 14, 2025

Vietnam’s Telecom Giants Achieve Impressive Growth in 2024
越南電信巨頭於2024年實現顯著增長

Vietnam’s major telecom providers—Viettel, MobiFone, and VNPT—reported robust financial performance in 2024, showcasing significant growth despite challenges in the domestic market. Viettel led the sector with an accumulated revenue of VND190 trillion ($7.5 billion), marking a 10.3 percent year-on-year increase and achieving 111 percent of its profit target with VND51 trillion ($2 billion). VNPT followed with VND58.5 trillion ($2.3 billion) in revenue and pre-tax profits of VND6.08 trillion ($24 million), meeting its target and growing seven percent year on year. MobiFone recorded pre-tax profits of VND2.05 trillion ($80.6 million), exceeding its full-year target by 20.6 percent, buoyed by innovations like the “Make in MobiFone” national brand initiative.

The telecom giants also reported improvements in employee income, reflecting their success. Viettel workers at the parent company earned an average monthly income of VND48.14 million ($1,895), a six-percent year-on-year increase, while employees across the group earned VND32.46 million ($1,278). MobiFone, with over 4,000 employees, reported an average monthly income of VND40 million ($1,575). These figures highlight the thriving state of Vietnam’s telecom industry, which continues to navigate and overcome market challenges effectively.

https://tuoitrenews.vn/news/business/20250106/vietnams-3-telecom-giants-report-hefty-profits-in-2024/83756.html

小編點評:2024年越南頂尖電信公司(包含Viettel、VNPT與MobiFone)報告了顯著增長,其中Viettel以190兆越南盾(約75億美元)的營收領跑,MobiFone則超額完成利潤目標20.6%。員工收入也有所提升,反映出該產業在面臨國內挑戰時仍取得成功。這凸顯了越南電信業的實力與韌性,並為外國公司在成長中且具創新性的市場中提供了潛在投資機會。

Vietnam Poised to Become Asia’s Next Economic Tiger Through Innovation
越南有望透過創新成為亞洲下一個經濟之虎

A seminar titled “Innovate to Thrive in the New Era,” held in Ho Chi Minh City, highlighted innovation as a cornerstone for Vietnam’s economic growth and its aspiration to become a “new Asian tiger.” Organized by the city’s Department of Industry and Trade, Tuoi Tre newspaper, and the Vietnam Chief Sales & Marketing Officers Club, the event brought together over 300 experts, entrepreneurs, and young innovators. Speakers emphasized that strong brands, sustainable practices, and the integration of technologies like AI, IoT, and Big Data are key to transforming Vietnam into a major economic powerhouse in Asia. The seminar also celebrated the fifth Ho Chi Minh City Brand Awards, which recognized local businesses for their contributions to innovation and sustainability.

Economic expert Sam Korsmoe identified Vietnam’s large, youthful workforce, abundant natural resources, and strategic position amid the China-U.S. trade war as critical advantages for its development. Korsmoe pointed to the success of Taiwan and South Korea as models, urging Vietnam to bolster its industrialization, infrastructure, and policy reforms to avoid the middle-income trap. He underscored the importance of fostering innovation, promoting Vietnamese culture globally, and leveraging the leadership of major cities like Ho Chi Minh City and Hanoi to drive economic growth. If these opportunities are effectively harnessed, Vietnam could surpass its status as an emerging star and become a leading force in Asia’s economy.

https://tuoitrenews.vn/news/business/20250104/innovation-vital-to-develop-vietnam-into-new-asian-tiger-seminar/83716.html

小編點評:在胡志明市舉行的「新時代創新致勝」研討會強調,創新是越南成為「亞洲新虎」目標的關鍵。專家指出,強大的品牌、永續經營及AI和大數據等技術對經濟增長至關重要,會中並表彰了貢獻卓越的在地企業。經濟專家SamKorsmoe指出越南的年輕勞動力與戰略地位是發展優勢,並敦促進一步推動工業化與政策改革,以避免陷入中等收入陷阱,確保其作為亞洲領先經濟體的未來地位。

Qualcomm Strengthens Ties with Vietnam, Driving Innovation and Digital Transformation
高通強化與越南聯繫,驅動創新與數位轉型

Qualcomm Technologies is deepening its collaboration with Vietnam, playing a pivotal role in the country’s digital transformation and technological advancements. Key partnerships with local giants like Viettel and VNPT have led to groundbreaking developments, including Viettel’s launch of the first commercial Open RAN (O-RAN) 5G network using Qualcomm’s 5G RAN platforms and VNPT’s introduction of Vietnam’s first XGS-PON WiFi 7 service powered by Qualcomm’s 10G Fiber Gateway. These initiatives showcase Qualcomm’s commitment to enhancing connectivity, efficiency, and performance in Vietnam’s telecommunications landscape. Qualcomm has also partnered with VinAI to integrate its Snapdragon Cockpit platform for advanced smart mobility solutions, further cementing its role in Vietnam’s technology ecosystem.

Beyond partnerships, Qualcomm is fostering innovation through programs like the Qualcomm Vietnam Innovation Challenge (QVIC), which supports startups developing AI, IoT, robotics, and 5G technologies. The 2024 QVIC finalists received awards totaling $225,000, reflecting Qualcomm’s dedication to nurturing local talent and promoting Vietnam’s tech ecosystem on the global stage. As the nation accelerates its digital economy agenda, Qualcomm plans to expand its support in 2025 with nationwide 5G rollout initiatives, advanced AI solutions, and industrial IoT deployments. With its enduring commitment to innovation, Qualcomm is set to be a cornerstone in Vietnam’s journey to becoming a global tech powerhouse.

https://vir.com.vn/qualcomm-builds-success-with-vietnam-business-partnerships-120659.html

Vietnam’s EV Market Gains Momentum Amid Growing Consumer Demand for Sustainability
在消費者對永續需求增長下,越南電動車市場動能增強

Vietnam’s electric vehicle (EV) market is experiencing rapid growth as local consumers increasingly prioritize environmental protection in their purchasing decisions, according to a report by RMIT University Vietnam. Policies such as registration fee exemptions and reduced import taxes, combined with the competitive operational costs of EVs amid rising fuel prices, have boosted their appeal. VinFast, a pioneer in the domestic EV market, recorded over 67,000 units sold this year, with 16,000 sold in November alone—outpacing competitors like Hyundai and Toyota. Experts project the Vietnamese EV market could reach $5-7 billion in value within five years, underscoring its potential to attract both domestic and foreign investors.

VinFast’s success has spurred competition from global automakers such as Hyundai, Toyota, BYD, and BMW, further energizing the market. However, challenges remain, particularly in expanding grid infrastructure and charging station networks. To date, VinFast has installed over 150,000 charging ports nationwide, achieving a ratio of 15 ports per 10,000 people. Dr. Nguyen Son of RMIT University highlighted the need for strategic government intervention and infrastructure upgrades to sustain this momentum. The surge in EV sales reflects a broader trend towards sustainable transportation and positions Vietnam as a promising player in the global EV landscape.

https://tuoitrenews.vn/news/business/20241228/vietnam-ev-market-projected-to-reach-57bn-in-next-5-years/83614.html

小編點評:越南電動車市場正迅速成長,主要由消費者對永續發展的需求、優惠政策以及2024年銷量突破6.7萬輛的VinFast所帶動。全球汽車製造商正陸續進入市場,儘管基礎設施擴展仍面臨挑戰,但VinFast已在全國安裝超過15萬個充電插槽。這為外國公司投資越南新興電動車產業與基礎設施建設提供了重大契機,並有助於推動繁榮且永續的交通運輸發展。

Thailand Advances Smart City Development and AI Leadership
泰國推進智慧城市發展與AI領導地位

Thailand’s Committee for the Promotion and Development of Digital Economy and Society has approved the establishment of a Subcommittee for Driving Smart City Development, according to Digital Economy and Society Minister Prasert Jantararuangtong. The new body will oversee policies, master plans, and measures to align smart-city initiatives with Thailand’s 20-Year National Strategy. The move aims to ensure continuity in development while promoting efficient application of digital technologies. The subcommittee’s proposals will be reviewed by the main committee for further action, signaling a significant step in the nation’s urban modernization efforts.

The committee also endorsed Thailand’s intent to follow OECD recommendations on artificial intelligence (AI), marking a pivotal opportunity for the country to strengthen its global AI leadership. This commitment will be aligned with Thailand’s National Artificial Intelligence Action Plan, fostering economic growth and enhancing international credibility. Additionally, a draft definition of the digital workforce was approved, pending final endorsement and publication. These initiatives reflect Thailand’s dedication to advancing both smart city development and AI innovation as part of its broader digital economy agenda.

https://www.nationthailand.com/news/policy/40045103

小編點評:泰國已核准成立專責小組以推動智慧城市發展,並促進數位技術的有效運用,這與其20年國家戰略目標一致。泰國同時承諾遵循經濟合作暨發展組織(OECD)對人工智慧(AI)的建議,推進國家AI行動計畫以提升在該領域的全球領導地位。這為外國科技公司參與泰國智慧城市項目與AI倡議提供了重大契機,在協助泰國數位轉型的同時,也能進一步擴大其市場版圖。

NBTC Summons Oppo and Realme Over Controversial Pre-Installed Loan App
泰國NBTC就爭議性預裝貸款軟體傳喚Oppo與Realme

Thailand’s National Broadcasting and Telecommunication Commission (NBTC) has summoned Chinese phone manufacturers Oppo and Realme following user complaints about a pre-installed app, Fineasy, on their devices. The app, reportedly non-removable, can access personal information and send notifications, raising concerns over privacy and data security. While both brands have apologized and promised solutions, including enabling app removal or providing assistance at service centers, the NBTC acknowledged a regulatory gap in checking software on mobile devices. A meeting with relevant agencies and the two manufacturers is scheduled to address the issue and prevent future occurrences.

Digital Economy and Society Minister Prasert Jantararuangtong has directed the Personal Data Protection Committee (PDPC) to investigate potential violations of data protection laws. Acting PDPC secretary-general Wetang Phuangsup confirmed that Oppo and Realme were instructed to review the app and provide explanations at NBTC headquarters. Users concerned about data misuse are encouraged to file complaints through the PDPC website. Meanwhile, the Cyber Crime Investigation Bureau has advised users to disable Fineasy, clear its cache, and revoke its permissions as a precaution.

https://www.nationthailand.com/business/tech/40045113

AI and Big Data Among Key Skills for Future Workforce, Report Reveals
報告顯示AI與大數據為未來職場關鍵技能

Artificial intelligence (AI) and big data are critical skills for workers navigating rapid changes in the global labor market, according to the “Future of Jobs 2025” report by Chulalongkorn University and the World Economic Forum. The report, based on a survey of 14 million employees across 1,000 companies in 55 countries, predicts that between 2025 and 2030, 170 million new jobs will emerge due to digital and environmental transformations, while 92 million existing roles will be eliminated by economic shifts and automation. Dean of Chulalongkorn Business School, Wilert Puriwat, highlighted increasing demand for roles in AI, cybersecurity, and renewable energy amid challenges like economic volatility, aging populations, and geopolitical tensions.

For Thailand, Wilert outlined strategies to adapt, including upskilling workers for the new economy, integrating automation to enhance efficiency, and adopting technology to boost competitiveness. He emphasized the importance of fostering both intelligence and ethical use of digital skills among the younger workforce to maximize societal and personal benefits. Globally, AI, technological literacy, and creative thinking are expected to take center stage in the evolving job market.

https://www.nationthailand.com/business/economy/40044988

小編點評:由朱拉隆功大學與世界經濟論壇共同發布的「2025年未來就業報告」強調,AI與大數據是應對勞動力市場變革的必備技能,並預測2030年前將創造1.7億個新職位,同時有9,200萬個職位消失。報告指出AI、網路安全與再生能源領域的就業需求正不斷增長,並敦促採取提升勞工技能與導入自動化等策略以維持競爭力。對泰國而言,專注於提升數位技能與技術的倫理運用,將是適應這些全球變遷的關鍵。

Thailand Approves Blue Tech City to Boost Advanced Industries and Job Creation
泰國批准藍色科技城計畫以推動先進產業與創造就業

The Eastern Economic Corridor (EEC) Policy Committee has approved the establishment of Blue Tech City, a 1,174-rai special economic zone in Chachoengsao’s Bang Pakong district. The project, announced after a meeting chaired by Deputy Prime Minister and Finance Minister Pichai Chunhavajira, aims to attract 156 billion baht in investments. Blue Tech City will focus on advanced industries, including future mobility, smart electronics, aviation, logistics, and the digital sector. Manufacturers of electric vehicles in the zone will be required to use 90% local content, reinforcing the government’s push for localized production.

Blue Tech City is expected to create over 20,000 jobs and stimulate growth in related sectors such as hospitality and retail. In addition, the EEC committee approved the use of 714 rai of Crown Property Bureau land to expand the Eastern Aviation City project, facilitating the construction of a second runway at U-Tapao International Airport to support Thailand’s growing aviation infrastructure.

https://www.nationthailand.com/business/investment/40044975

小編點評:泰國東部經濟走廊(EEC)已批准在北柳府成立藍色科技城(BlueTechCity)特區,聚焦未來移動、智慧電子與數位產業等先進領域,投資目標為1,560億泰銖。該項目預計將創造超過2萬個就業機會,並帶動餐旅、零售及航空基礎設施等產業增長。這為外國公司提供了投資該區先進產業的契機,特別是在電動車製造與數位技術領域,同時能受惠於泰國政府推動在地化生產的政策。

AWS Launches Asia Pacific (Thailand) Region, Pledges $10 Billion GDP Contribution
AWS啟動亞太泰國區域,承諾貢獻100億美元GDP

Amazon Web Services (AWS) has launched its Asia Pacific (Thailand) Region, marking a major milestone in its expansion across Southeast Asia. Announced on January 8, the new cloud infrastructure includes three Availability Zones designed to provide advanced and secure cloud services with low latency. AWS plans to invest over $5 billion in Thailand over the next 15 years, a move expected to contribute $10 billion to the country’s GDP and support 11,000 full-time jobs annually in sectors such as engineering, telecommunications, and construction. Early adopters of the new infrastructure include prominent Thai organizations like the Stock Exchange of Thailand and the Big Data Institute, leveraging AWS for enhanced scalability, low latency, and compliance with regulatory requirements.

The initiative has received strong backing from Thailand’s government, with Prime Minister Paetongtarn Shinawatra praising AWS’s recognition of Thailand’s potential. The investment aligns with AWS’s commitment to sustainability, skills development, and fostering a digital economy. Since 2017, AWS has trained over 50,000 individuals in cloud skills, with partnerships extending to more than 30 Thai universities. Eric Conrad, AWS’s ASEAN Public Sector director, emphasized the expansion’s role in driving innovation across sectors, particularly in education and healthcare. AWS’s global reach now spans 111 Availability Zones across 35 regions, underscoring its leadership in cloud services and support for digital transformation in Thailand and beyond.

https://www.nationthailand.com/business/tech/40044951

Generative AI Revolutionizing Financial Services: Key Trends for 2025
生成式AI正在變革金融服務:2025年關鍵趨勢

Generative AI (gen AI) is set to transform the financial services sector in 2025, as institutions deploy the technology at scale to address industry challenges, including rising competition, talent shortages, and growing customer expectations. Key trends include AI-powered search tools that enhance productivity by enabling employees to quickly extract insights from vast data stores and AI agents that streamline routine tasks like loan underwriting and claims adjustment while delivering hyper-personalized customer experiences. These innovations allow banks to improve efficiency, boost revenue, and deepen customer engagement.

Additionally, multimodal AI promises to elevate customer service by processing diverse data types like text, images, and audio for more intuitive interactions, while AI-powered fraud detection offers a robust defense against increasingly sophisticated cyber threats. The success of these initiatives will depend on the quality of banks’ data platforms, which aggregate and ensure the accessibility of data for AI applications. As financial institutions embrace gen AI, they position themselves to thrive in a rapidly evolving digital economy.

https://www.nationthailand.com/business/banking-finance/40044885

小編點評:生成式AI將在2025年變革金融服務業,透過AI驅動的搜尋工具、常規任務自動化以及超個人化客戶體驗等趨勢,提升生產力與客戶參與度。多模態AI將藉由處理多種數據類型來改善客戶服務,而AI驅動的欺詐檢測則能強化防禦網路威脅。這些創新的成功將取決於銀行數據平台的品質,使金融機構能在數位經濟中蓬勃發展。

E-Commerce in Thailand: Key Trends for 2025 and Beyond
泰國電子商務:2025年及未來的關鍵趨勢

Thailand’s e-commerce market remains highly competitive, with the rise of “Owned Channels” and increased pressure on e-marketplaces in 2025. As foreign giants dominate the e-marketplace sector, merchants are turning to independent sales channels to avoid reliance on these platforms, which control customer data and charge high fees. The trend towards “3C Commerce” — combining content, community, and commerce — will reshape how businesses engage with consumers. Additionally, platforms like TikTok are set to evolve into comprehensive service hubs, while AI, automation, and affiliate marketing will revolutionize operations and sales processes.

As stricter government crackdowns target substandard goods, Chinese brands are expected to bring high-quality products into Thailand, intensifying competition in the market. E-commerce automation, the rise of “Vertical Commerce” for niche markets, and the imminent introduction of e-commerce taxes will drive further change in the landscape. Businesses are also tapping into e-commerce listening tools to gain insights into market trends and improve their strategies, positioning themselves for success in a rapidly evolving digital economy.

https://www.nationthailand.com/business/trade/40044859

小編點評:泰國電子商務市場競爭日益激烈,企業正轉向經營「自有通路」以避免過度依賴電商平台,同時結合內容、社群與商務的「3C商務」趨勢正改變消費者互動模式。TikTok等平台正演變為服務中心,而AI、自動化與聯盟行銷則在重塑營運與銷售流程。競爭加劇、政府對劣質商品的查緝,以及小眾市場與電商稅的興起正推動進一步變革,企業正利用新工具以保持領先地位。

Thailand’s Digital-Content Industry Gains Momentum in the Global Market
泰國數位內容產業在全球市場獲得關注

Thailand’s digital-content sector is rapidly growing, driven by increased access to electronic devices and a shift toward digital consumption. As of November 2024, there were 1,071 digital-content businesses in Thailand, with registered capital totaling 4.80 billion baht. The sector includes animators, game producers, and e-book publishers, with e-book publishers leading the market in revenue and profits. Foreign investment has also surged, with key investors from Malaysia, Japan, and Hong Kong contributing significant capital. Notable Thai characters, such as Plaplatootoo and Butterbear, have gained international recognition, offering opportunities for further product development.

Despite the positive outlook, challenges remain, particularly in securing funds for content creators and digital tools. The Department of Business Development (DBD) emphasized the potential for Thai content creators to expand internationally with proper support, and public-private collaborations are underway to promote Thailand’s digital content and strengthen its global presence. As the industry continues to evolve, Thailand aims to become a key player in the digital-content market, capitalizing on the increasing global demand for digital media.

https://www.nationthailand.com/business/economy/40044828