Jazz in Da Lat, New Faces for Vietnam Football, and a Fraud Verdict in Malaysia

Jazz in Da Lat, New Faces for Vietnam Football, and a Fraud Verdict in Malaysia

VietNet News — News updated hourly, 6 November 2026

Three stories lead this late-evening bulletin from Vietnam, and together they show a country in motion on three very different stages: a mountain city opening its first international jazz festival, a national football team reshaping itself for a home tournament, and a Malaysian court handing down fines in a cross-border online fraud case involving Vietnamese nationals.

Da Lat swings into the weekend

The first Vietnam Jazz Heritage Festival opened on Friday, 6 November, at Lam Vien Square on the shore of Xuan Huong Lake in Da Lat. The three-night festival runs until Sunday, 8 November, with a second public night on Saturday at Hoa Binh Theatre square and an invitation-only closing night at Haus Da Lat. The festival was conceived by composer Huy Tuan and is organised by the HAUS Foundation, with the support of the Lam Dong provincial authorities. International stars on the bill include Japanese bossa nova singer Lisa Ono, twice Grammy-nominated American singer and guitarist Raul Midon, and American bassist Nik West. Vietnamese artists include Hong Nhung performing the music of Trinh Cong Son with guitarist Nguyen Le and his band, along with Tran Thu Ha and the Tran Manh Tuan Fusion Band. The festival underlines Da Lat's status as a UNESCO Creative City of Music, linking culture with tourism in the run-up to the city's Flower Festival.

A new-look Vietnam team for the Casper Cup

Vietnam's national football team has two new faces for next week's Casper Cup. According to the Vietnam Football Federation, head coach Kim Sang-sik has called up Vietnamese-born centre-back Luong Chi Khai of The Cong Viettel and naturalised striker Olaha Manh Duc of Cong An Ho Chi Minh City for the friendly tournament, which runs from 11 to 17 November at Thien Truong Stadium in Ninh Binh, against Chinese Taipei and Kyrgyzstan. Several familiar names are missing from the squad, including Nguyen Hoang Duc, Nguyen Quang Hai and Doan Van Hau. Coach Kim also added three more young players on Friday: striker Nguyen Dang Duong, midfielder Le Quoc Nhat Nam and defender Nguyen Duc Anh. The remaining core includes goalkeeper Patrik Le Giang, defender Thanh Chung and forward Dinh Bac. The call-ups have sparked lively debate among fans across Southeast Asia, as Vietnam follows its neighbours in turning to overseas-born and naturalised players.

Fines in Malaysia for an online fraud conspiracy

A Malaysian court has fined 24 Vietnamese nationals and two Malaysians for an online fraud conspiracy. According to The Sun Daily, the Kuantan Magistrate's Court on Friday, 6 November, fined each of the 26 defendants 5,000 ringgit after they pleaded guilty to conspiring to commit online fraud on 26 October. Magistrate Ellyna Othman also ordered five months in jail for anyone who fails to pay the fine. The two Malaysians are Khoo Chun Shiang, aged 21, and Beh Zi Xuan, aged 29. The 24 Vietnamese nationals comprise 11 men and 13 women, aged between 20 and 48. The charge was brought under Section 120B, subsection 2, of Malaysia's Penal Code. The case is the latest in a series of crackdowns on cross-border online scam operations in the region.

What connects the three stories

Looked at together, the three stories share a single thread: Vietnam is increasingly visible on the international stage, and that visibility cuts both ways. A jazz festival in Da Lat projects Vietnamese culture outward and draws visitors in; a football squad rebuilt with overseas-born talent reflects a national team searching for a new identity ahead of a home tournament; and a court case in Malaysia is a reminder that Vietnamese citizens are also part of the region's darker cross-border flows, including online fraud. Culture, sport and crime are very different worlds, but all three stories are about the same thing: a country whose people, talent and troubles now move across borders as a matter of routine, and whose institutions — from a festival organiser in Da Lat to a football federation in Hanoi to a magistrate in Kuantan — must keep up.

Watch the video:
https://www.youtube.com/watch?v=aPecarD3iK0

Channel: VietNet News — @nguontinvietnews

Vietnam's markets cool while spending and innovation plans gather pace

VietNet News has published a new bulletin: 

Vietnam's latest headlines tell a story of two speeds. On the stock market, confidence wavered on 2 November as margin calls forced selling and the VN-Index closed at 1,710 points, down more than 30 points after an intraday fall of as much as 48 points, according to VnExpress and Stockbiz. Banking, real estate and oil and gas shares were among those under pressure, and the fall was the index's third in a row. Analysts quoted by Stockbiz warned that the market could keep searching for a bottom in the short term, a reminder that even in a fast-growing economy, leveraged positions can turn quickly when sentiment changes.

At the same time, the real economy is showing resilience and ambition. Retail sales of goods and consumer services reached 6,618.9 trillion dong in the first ten months of 2026, up 13.5 percent from a year earlier, according to the Statistics Office, reported by Stockbiz and TradingView News. October alone rose 14.7 percent. State budget investment disbursement reached 783,900 billion dong, equal to 69 percent of the annual plan and up 19.8 percent from a year earlier. Together, household spending and public investment give the government a firmer base for its push toward double-digit growth, even as it must watch whether nominal growth translates into real purchasing power.

The third story looks further ahead. Vietnam aims to establish a national science and technology exchange this November, according to Vietstock, reporting Vietnam News Agency. Deputy Prime Minister Ho Quoc Dung set out the plan at a conference in Can Tho on 2 November on science, technology and digital transformation for agricultural growth. He highlighted logistics costs reaching 30 percent in some areas, post-harvest losses of 20 to 30 percent, and more than 8 billion dollars a year spent importing fertilisers, animal feed and other inputs. A science exchange, alongside a proposed agricultural commodities exchange and tighter action against counterfeit inputs, is presented as a way to turn research into products, improve transparency and raise productivity rather than simply expanding production.

In short, the market's short-term caution contrasts with longer-term signals: consumers are still spending, the state is still investing, and policymakers are trying to fix structural weaknesses in agriculture and innovation. The question for the coming months is whether those foundations can steady sentiment and turn a volatile market into a more durable recovery.

Vietnam News, 3 November Evening: Safer Seas, a Silver Surge, and a Higher English Bar

Watch the bulletin: 

Introduction. This evening's VietNet News bulletin brings together three very different stories from Vietnam and the wider world: a quiet piece of international cooperation that could save lives at sea, a sharp rebound in precious metals, and a draft plan that would raise the English standard in Ho Chi Minh City's public schools. Each story, in its own way, is about preparation — for storms, for market swings, and for a more connected future.

Safer seas through better forecasts. Norway and Vietnam are strengthening their cooperation on maritime weather forecasting. The 2026 Maritime Disaster Workshop, which opened in Hanoi on 2 November and runs until 4 November, is organised by Vietnam's Department of Meteorology and Hydrology with the Norwegian Meteorological Institute. Experts are sharing wave modelling, satellite data and digital forecasting tools, including the European Copernicus Marine service and deep-learning models for predicting storm surges. Vietnam is regularly exposed to storms, strong offshore winds, high waves and storm surges, which threaten coastal communities, fisheries and maritime transport. The cooperation builds on more than a decade of exchanges, formalised in a memorandum signed in November 2023, with support from the Norwegian Agency for Development Cooperation and the Norwegian Embassy. As First Secretary Marianne Rabe Knævelsrud noted at the workshop, timely warnings give coastal communities more time to prepare and help people at sea judge when it is safe to depart or return. Source: Vietnam.vn, via Bytes Europe: https://www.byteseu.com/2494040/

Silver outpaces gold in a sharp rebound. In early-week trading, global silver prices surged nearly 4 percent and topped 50 dollars an ounce. Overnight on 2 November, spot silver briefly reached 50 dollars and 94 cents an ounce, up 1 dollar and 81 cents, after heavy selling in the previous week. Bargain buying helped it regain momentum, and silver's recovery outpaced gold: spot gold rose 1.8 percent to about 3,945 dollars and 70 cents an ounce in the same session. Falling oil prices — Brent crude at around 108 dollars and 55 cents a barrel and West Texas Intermediate at about 99 dollars and 58 cents, down more than 4 percent — also supported precious metals by easing inflation concerns. The report notes silver's nearest resistance between 54 dollars and 72 cents and 59 dollars, and support at 49 dollars and 4 cents. This is news, not investment advice. Source: Stockbiz: https://stockbiz.vn/en/news/global-silver-prices-rise-nearly-4-top-50-an-ounce-after-sharp-plunge/42597873

A higher English bar in Ho Chi Minh City schools. A draft decision now out for consultation would create a new "high-quality" public school category in Ho Chi Minh City, with an English requirement higher than most Vietnamese universities set for graduation. Secondary students would have to reach B1 English and high school students B2. Every secondary and high school teacher would need to communicate in English, at least 30 percent at B2 or above, and most teachers would hold a master's or doctorate. Primary teachers in integrated programmes would need B2, and those teaching subjects in English would need C1 or higher. The city already has more than 80 schools running advanced or international-integration models, charging more than 1.7 million dong per student a month. This is a draft, not yet final — but it signals how strongly parents and policymakers now value English, digital skills and international integration. Source: VnExpress International.

Analysis. Read together, these stories show Vietnam investing in resilience on several fronts at once. Better sea forecasts protect lives and livelihoods along a long, storm-exposed coastline. A calmer, better-informed market conversation helps savers and businesses interpret volatile commodity prices rather than chase them. And a higher English standard in public schools, if adopted carefully and funded fairly, could widen access to opportunities that today depend heavily on private tuition. In each case, the details matter more than the headline: forecasts only help if warnings reach fishing villages in time; price rebounds only help if households understand the risks; and a new school category only helps if it raises standards across the system, not just in a few showcase schools.

Conclusion. Preparation is the common thread of this evening's news — preparing for the next storm, the next market turn, and the next generation's place in the world. VietNet News will keep following all three stories as they develop.

 

Vietnam's Digital Leap: From Policy to People, What's Driving the Change?

I. Vietnam's Digital Revolution: What's the Hype About?

More Than Just Tech: In Vietnam, digital transformation (Chuyển đổi số) is a national mission! It's not just about adopting fancy gadgets but modernizing the entire nation. A "strategic choice and a development imperative," they call it!

The "Big Three" Pillars:

• Digital Government (Chính phủ số): Envisioning a smarter, more transparent, and citizen-friendly government. Think seamless online services and the welcomed demise of paperwork!
• Digital Economy (Kinh tế số): A catalyst for business growth, innovation, and a robust GDP. From e-commerce to a plethora of online services, Vietnam's economy is getting a digital makeover.
• Digital Society (Xã hội số): Connecting every citizen, equipping them with essential digital skills, and weaving digital services into the fabric of daily life, bridging the gap from bustling cities to remote countryside.

Why It Matters: This transformation is the engine driving economic growth, enhancing the quality of life for its citizens, and ensuring Vietnam remains competitive on the global stage.

II. A Walk Down Digital Memory Lane: How Vietnam Got Here

The Early Whispers (Pre-2018): The seeds of this revolution were sown back in 2014 with Resolution 36, which emphasized IT application. By 2019, businesses were eager, yet many were unsure how to embrace the digital realm. Resolution 52 in 2019 solidified the commitment to Industry 4.0.

The Big Bang (2020): The National Digital Transformation Program (Chương trình Chuyển đổi số quốc gia) was launched, setting ambitious goals for 2025 and 2030. COVID-19 acted as a "hundred-year push," accelerating the adoption of online learning, remote work, and digital solutions across all sectors.

Picking Up Speed (2021-2022): The concept of the "Digital Citizen" took root, particularly with the nationwide implementation of the National Population Database and chip-embedded ID cards, marking Vietnam as a pioneer in digital identity! October 10th was declared National Digital Transformation Day in 2022.

Full Throttle (2023-Now): The focus shifted from initiation to acceleration, prioritizing efficiency and citizen-centricity. "Chuyển đổi số: Nhanh hơn - Hiệu quả hơn - Gần dân hơn" is the name of the game.

III. Digital Dreams & Reality Checks: Where Vietnam Stands Now

The Wins: What's Going Right?

• Blazing Fast Internet: Over 82% of homes are now fiber optic-equipped (surpassing the 2025 target!). Mobile internet speeds rank among the world's top 20, and 5G is already being rolled out. Tốc độ Internet di động đạt trung bình 146,64 Mb/giây, xếp thứ 20 thế giới.
• E-Government on the Rise: Online public services have surged (a ninefold increase since 2019!), propelling Vietnam's e-Government ranking 15 places higher globally. Tỷ lệ hồ sơ giải quyết trực tuyến toàn trình đạt gần 40%, tăng gấp 9 lần so với năm 2019.
• Digital Economy Booming: It has been the fastest-growing in Southeast Asia for two consecutive years, with the IT industry revenue hitting approximately $118 billion in 2024. Doanh thu ngành công nghiệp CNTT năm 2024 đạt khoảng 118 tỷ USD, tăng 24% so với năm trước. Kinh tế số chiếm gần 20% GDP.
• "Digital Citizens" Everywhere: A staggering 100 million citizens are now connected, embracing the internet responsibly.
• Phát triển Hạ tầng số: Đến cuối năm 2024, hơn 82.4% hộ gia đình đã sử dụng cáp quang, vượt mục tiêu đề ra cho năm 2025.

The Headaches: Where Are the Bumps in the Road?

• Legal Labyrinth: Policies and laws are struggling to keep pace, resulting in gaps and overlaps that impede progress.
• Money Talks (and Costs a Lot!): Significant initial investments in technology pose a challenge, especially for small and medium-sized enterprises (SMEs).
• Mindset Matters: Overcoming resistance to change from employees and the short-term survival mindset of many businesses remains a hurdle.
• The Talent Gap: A shortage of skilled tech professionals in IT, digital transformation, and cybersecurity is a pressing concern.
• Cybersecurity Scares: An expanded digital landscape invites increased cyberattacks and online crime.
• Data Dilemmas: Isolated data silos and platforms hinder seamless national data sharing.

IV. Digital Dilemmas: The Hot Debates & Sticky Wickets

The SME Struggle is Real:

• "Too Expensive, Too Risky": Many SMEs view digital transformation as an unaffordable luxury, fearing high costs and uncertain returns. Chi phí đầu tư ban đầu lớn cho hạ tầng, thiết bị, phần mềm, dịch vụ đám mây, nhân sự chuyên môn và chi phí duy trì như bảo trì, nâng cấp, đào tạo.
• What Even IS Digital Transformation? Confusion prevails, with some mistaking it solely for cutting-edge technologies like AI or blockchain, overlooking the fundamental business benefits. Nhiều SME còn đồng nhất chuyển đổi số với việc chạy theo các công nghệ phức tạp và đắt tiền như AI, blockchain hay IoT, trong khi bỏ qua bản chất thực sự của quá trình này là nâng cao năng lực số trong các hoạt động cốt lõi.
• Security for the Small Guys: How can SMEs afford robust cybersecurity measures?

Legal Labyrinth Continues:

• Gaps & Overlaps: Navigating new laws around data protection (Decree 13/2023/ND-CP) and cross-border data (Decree 53/2022/ND-CP) is particularly challenging for SMEs with limited resources. Hệ thống pháp luật hiện hành vẫn còn những khoảng trống, nhiều nội dung chưa được điều chỉnh hoặc đã được điều chỉnh ở nhiều văn bản khác nhau, gây khó khăn trong việc số hóa toàn diện quốc gia.
• Avoiding Waste: How can we ensure new laws are consistent, preventing redundant and costly projects?

The Dark Side of Digital:

• Cybercrime on the Rise: The digital realm offers new avenues for tech-savvy criminals, demanding a robust legal framework. Cần rà soát kỹ lưỡng để tránh bỏ lọt tội phạm sử dụng công nghệ cao trong quá trình xây dựng luật.
• Misuse of Technology: Concerns linger about the exploitation of digital transformation for national security threats, the spread of misinformation, or AI-generated content causing confusion.

V. Crystal Ball Gazing: What's Next for Vietnam's Digital Future?

Full Steam Ahead! The motto for 2025 is "faster, more efficient, and closer to the people," signaling a full-scale rollout from the testing phase. Chủ đề của Ngày Chuyển đổi số năm 2025 là "Chuyển đổi số toàn dân, toàn diện, toàn trình để tăng tốc, bứt phá phát triển kinh tế số".

Tech-Tastic Trends: Prepare for deeper integration of Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Big Data, and Cloud Computing.

Strengthening the Foundation: Expect refined legal frameworks and a significant push for modern, nationwide digital infrastructure (hello, more 5G!).

"All-People" Digital Transformation: A strong emphasis on ensuring universal access to and benefit from digital services, including rural and ethnic minority communities. Cần tổ chức các chiến dịch truyền thông quy mô lớn để nâng cao hiểu biết về lợi ích của chuyển đổi số, giúp người dân, đặc biệt ở vùng nông thôn và dân tộc thiểu số, tiếp cận dễ dàng hơn với các nền tảng số phục vụ đời sống.

Tech Independence is Key: Vietnam views self-reliance in technology as vital for both economic prosperity and national security in the data and AI era.

2025: The Big Pivot: This year marks a pivotal transition from experimentation to widespread deployment of digital services and enhanced data integration. Việt Nam đang tập trung vào giai đoạn tăng tốc, hiệu quả và gần dân hơn trong chuyển đổi số. Đặc biệt, năm 2025 được xem là năm bản lề, đánh dấu bước chuyển trọng yếu từ thử nghiệm sang triển khai toàn diện, mở rộng quy mô dịch vụ số và tăng cường liên thông dữ liệu.

Viet Business Forum

The Ginseng That Rewrote a Village's Future: The Story of Nghia Hung

For generations, the farmers of Nghia Hung commune in Nghệ An province knew the rhythm of hard work, but not the relief of security. They poured their labor into traditional crops like sugarcane and custard apples, living under the constant anxiety of an unpredictable market. A good harvest could be wiped out by plummeting prices, making it impossible to plan for the future, pay off debts, or dream of a better life for their children. They were caught in a draining cycle of intense effort for uncertain returns, a reality that tethered their ambitions to the soil. But the seeds of change were about to be sown by one person's journey and a bold idea.

1. A Spark of Hope from Afar

The catalyst for transformation was Mrs. Lê Thị Dần. During a trip to the former Bắc Giang province, she encountered the Nui Danh ginseng cultivation model. She saw more than just a plant; she recognized a powerful solution to the very challenges that held her community captive. Observing its high economic value and, most importantly, the stable demand for its products, Mrs. Dần realized this medicinal herb could offer the security her community so desperately lacked.

Filled with a powerful conviction, she returned home and, with her husband, made a courageous decision to go all-in on this new opportunity. Their commitment was immense, a high-stakes gamble backed by significant financial risk and painstaking labor.

• The Loan: They borrowed 350 million VND to purchase tens of thousands of Nui Danh ginseng seedlings.
• The Land Prep: They meticulously improved over 6 sào (a Vietnamese unit of area) of land, mixing in thousands of bags of rice husks and fertilizer to create the loose, fertile soil the ginseng needed to thrive.
• The Technology: They invested in modern farming techniques, covering the soil with nylon to suppress weeds and installing a sophisticated automatic irrigation system.
• The Total Cost: The entire initial investment for their new venture exceeded 500 million VND.

This high-stakes gamble, backed by meticulous effort, soon began to yield extraordinary results.

2. Reaping the Rewards: From Flowers to Fortune

The Nui Danh ginseng plants began producing valuable flowers in their second year. This cultivation cycle provides a sustained financial benefit, offering an annual income from the flowers for several years before the final, more lucrative root harvest after five to seven years. The main flower harvest season, running from late August to mid-October, is now a time of excitement and prosperity for the growers.

The financial return from Nui Danh ginseng dwarfed the income from traditional crops, creating a powerful new economic engine for the family and their neighbors.

Product Component	Market Price (per kg)
Dried Ginseng Flowers	600,000 - 700,000 VND
Ginseng Roots (Củ)	1,500,000 VND

From their 6 sào farm, Mrs. Dần's family now earns an estimated 350-400 million VND each season—an income many times higher than they could have ever achieved with sugarcane. The ginseng's high value is rooted in its potent medicinal properties. It is rich in Saponin, an active compound known to enhance vitality, boost the immune system, prevent aging, and offer relief for coughs by loosening phlegm. Furthermore, it is highly sought after for its ability to improve sleep quality, making it a prized ingredient in traditional wellness. Mrs. Dần’s success was not a private victory; it was a beacon of hope that inspired her entire community.

3. A Community Transformed

Seeing the tangible success and feeling the new sense of excitement (phấn khởi), other farmers began to follow her lead. Mr. Lê Viết Hiển, for example, converted his 7 sào of land from unstable traditional crops to Nui Danh ginseng. He took the model a step further by investing 30 million VND in a drying machine. This individual investment in quality control was a crucial first step, demonstrating a new potential that the local government was quick to recognize and build upon. The technology allowed him to perfect his dried ginseng flowers, securing a contract with a company that agreed to purchase his entire output and eliminating all market uncertainty.

Under the guidance of Vice Chairman Phạm Văn Thông, the commune began supporting residents in processing the raw ginseng into higher-value goods. This initiative led to the creation of "trà nụ sâm núi Dành" (Nui Danh ginseng bud tea). This strategic move was a game-changer. The tea achieved OCOP 3-star certification, a prestigious designation for high-quality local products, validating its quality and opening doors to larger, more lucrative markets.

The introduction of Nui Danh ginseng did more than just boost incomes; it fundamentally changed the community's entire approach to agriculture, sparking a shift in mindset.

• From subsistence to strategy: Farmers moved from planting traditional crops for survival to cultivating a high-value asset with a long-term business plan.
• From manual methods to modern technology: The community embraced tools like drying machines and automatic irrigation to improve efficiency, guarantee quality, and increase yields.
• From selling raw materials to owning the brand: They began capturing significantly more profit by processing, branding (with OCOP-certified tea), and marketing their own finished products.

This journey, from a single farmer's risk to a community-wide success, fundamentally reshaped the village's identity and its economic destiny.

Conclusion: A Blueprint for a Brighter Future

In just a few short years, Nui Danh ginseng transformed Nghia Hung. It brought not just wealth, but a new sense of purpose, confidence, and collaborative spirit. The community's story is a powerful testament to how vision, courage, and cooperation can turn a struggling village into a thriving one. It stands as a blueprint for other communities, proving that a single, well-researched idea, when embraced by many, has the power to rewrite a region’s future, turning a cycle of uncertainty into a legacy of prosperity.

 

Read "The Ginseng That Rewrote a Village's Future: The Story of Nghia Hung" on Viet Business Forum

TikTok dancer's worst nightmare just came true.

MagicAnimate takes any static image and turns it into a full-blown animation. Imagine the Mona Lisa, and now imagine if da Vinci had the technology to record her dancing. The team behind MagicAnimate made that a reality.

Want to know how it works? According to the team, “MagicAnimate employs a video diffusion model and an appearance encoder for temporal modeling and identity preserving” for the sample image. For the animation process, it uses a “simple video fusion strategy that produces smooth video transition during inference.”

I’m not sure what all of that means either, but the results speak for themselves.

ByteDance isn't the only company working on turning images into video. Alibaba is building a tool called Animate Anyone that will be released in the future.

So the next time you want to show off your dancing skills, skip the recording, snap a photo and try…

Viet Business Forum

Prospects and challenges of technology stocks

 

Currently, information technology businesses in Vietnam mainly deploy software services based on the subscription model, bringing more recurring and stable revenue. Even though the pandemic is over, this group's revenue and profit are still relatively positive...

Prospects and challenges

Vietnam's information technology (IT) workforce is highly adaptable to the development of new technologies. A large number of young employees, with good technical backgrounds, continuously improve their programming skills to a higher level. In addition, IT organizations train and educate about 50,000 programmers every year in addition to a proficient human resource of 400,000 IT engineers.

Also with competitive advantage in cost. The cost of hiring a software developer in Vietnam ranges from 10-25USD/hour, while other Asian countries have higher salaries, with the average in China being 18-50USD/hour (for programming). low-level programmer), in Thailand is from 13-40 USD/h, in the Philippines is 17.5-42.5 USD/h.

Government support policy for IT companies. Decision No. 2205/QD-TTg approving the Intellectual Property and Cyber ​​Security Development Program. Growth decelerates in software powerhouses such as China and Ukraine due to the unstable business environment, which brings great opportunities for IT businesses...

Global economic growth is more negative than forecast, leading to new revenue cuts and delays in implementing new IT projects. IT labor costs increase faster than expected because Vietnam still lacks 150-200 thousand IT engineers each year in the period 2022-2024. These are challenges for domestic IT businesses.

Besides, major economies, except China, are expected to have a “soft landing” in 2023, which will reduce overall IT spending. But there is still no sign of a decline in IT projects and budgets.

Since the pandemic, businesses have leaned towards OPEX-type IT spending (e.g. subscription-based Cloud services) to improve operational efficiency and productivity, while significantly cutting infrastructure spending. on-site infrastructure (which requires large CAPEX). The falling share of CAPEX IT spending in total IT spending makes spending in specific areas of equipment, hardware, and on-premises infrastructure more vulnerable to economic weakness, as cuts Reducing these costs is relatively easy when businesses want to save money...

Stocks with rich potential

FPT: Currently, the international IT services segment, (especially the US and EU) will grow more slowly in 2023 when high inflation in developed markets will slow down IT spending, while businesses Revenue from the Japanese market is likely to accelerate in 2023 thanks to work volumes and a recovering JPY.

The long-term prospects for this segment are still attractive because FPT 's competitive advantage of low costs will help ensure the number of new contracts in the future and high demand as businesses will still promote digital transformation.

With the domestic IT segment, FPT's revenue can record high growth due to expectations that demand from banks will recover and the digital transformation progress of government agencies will also accelerate.

ELC: The need to invest in smart transportation systems (GTTM) for upcoming expressways under the North-South expressway project and digital application in the transportation systems of major cities will Promoting growth for ELC in 2023.

In the period 2023-2026, ELC's GTTM segment will generate an average revenue of VND 600 billion, supported by GTTM investment demand for highways (including ETC) and cities, contributing nearly VND 60 billion. % into ELC's revenue structure.

Risk: The progress of completing the North-South Expressway is slower than expected or ELC does not win the GTTM packages of these expressways as expected. Investments in other units (because ELC plans to develop the Real Estate segment), if made, will reduce the group's operating efficiency.

Investors can open new purchases around the support zone of 10,500-11,000 VND/share to hold for a long-term goal of at least 1 year when ELC reaches the mark of 22-25,000 VND/share.

CMG: Telecommunications sector, the main contributor to CMG profits - is ready for the explosion of the Cloud services market. CMG owns an extensive telecommunications infrastructure, including a domestic fiber optic cable system connected to the international marine fiber optic cable network and three Tier-3 DCs. The new DC with high technical standards in Tan Thuan will help significantly increase CMC Telecom's capacity (up to 1,800 racks), capturing the rapid growth of demand for Cloud services in Vietnam.

CMG's 2023 P/E valuation is 14.4x, recommending buying when CMG price drops sharply. Risk of capturing IT spending from foreign customers and slower-than-expected service transition (moving to services higher in the IT value chain) of the Technology & Solutions segment. Investors can open a new purchase around 40,000 VND/share and cut losses when CMG breaks this price range and hold for a longer target when CMG reaches the target of 50-55,000 VND/share.

Mr Khoi

--

Tiếp Thị Kinh Doanh

 

Viet Business Forum