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ASEAN Telecommunication 2020/07/03 (Vol.630)

ASEAN Telecommunication Japan-Southeast Asia Economic Exchange Magazine
2020/07/03(Vol.630)

<Hot news>

➤Vietnam:Vietnamese, Japanese businesses enhance cooperation through online platform

➤Myanmar:New Myanmar K500 notes to be released on Martyrs'Day

➤Cambodia:Cambodia launches online business registration system

■Vietnam:Vietnamese, Japanese businesses enhance cooperation through online platform

The Vietnam Chamber of Commerce and Industry (VCCI) and the SME Support Japan organisation introduced J-GoodTech, a Japanese online business matching platform, to Vietnamese enterprises on June 19.

J-GoodTech is an online platform connecting business between Japanese small- and medium-sized enterprises (SMEs) with partners.

The platform currently has 17,000 Japanese SMEs as members and more than 7,000 businesses from other Asian countries.

J-GoodTech members are businesses operating in many fields and categories, such as electronics, machinery, metals, food, distribution, logistics and B2B services.

Vietnamese enterprises participating in the platform can connect, share information on their businesses, products, cooperation needs, as well as learn similar information from other members.

From that, Vietnamese firms can associate businesses, consume products, and co-operate in production.

Nguyen Van Hai, head of the foreign affairs department under the VCCI, said that in response to the COVID-19 pandemic, many countries had applied import and export restriction policies and implemented strict medical quarantine measures.

This has made business matching and partner and customer searching with the outside markets of both Vietnamese and Japanese businesses in the traditional form difficult, said Hai.

In that context, taking advantage of digital technology to connect businesses via online trade was a very useful solution, he added.

SME Support Japan will also hold a free online business matching event to support business cooperation between Vietnamese and Japanese businesses from July 13-17 through the online platform Microsoft Teams.

Vietnamese businesses only need to register fully-authenticated information, and use mobile phones or personal computers and laptops to participate in the matching.



■Myanmar:New Myanmar K500 notes to be released on Martyrs'Day

New K500 bank notes with the image of the late Bogyoke Aung San will be released on Martyrs'Day, which falls on july 19, said U Soe Min, deputy governor of the Central Bank of Myanmar.

The central bank released new K1000 notes, also bearing the image of General Aung San, on January 4, which is the Myanmar Independence Day.

The new K500 notes will be 150 mm in length and 70mm in width.

The volume of notes circulated will be restricted to control inflation. "Price stability is the aim of the central bank and so we will print the new notes only when necessary to avoid inflation. The current K500 notes will also continue to be in circulation, "U Soe Min said.

Currently, K50, K100, K200, K500, K1000, K5000 and K10,000 notes are in circulation in Myanmar. 



■Cambodia:Cambodia launches online business registration system


The Royal Government of Cambodia officially launched the online business registration system this morning aiming to improve the investment environment in the country.

The event was chaired by Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance and participated by development partners, different associations and private sector representatives.

New businesses can register on the packet information system at www.registrationservices.gov.kh thus, business and tax certificates as well as all other documents will be provided and received in digital form.

All will be automatically shared with the information systems of relevant ministries and institutions for review and approval.

Through this platform, complex procedures, repetitive information, time and cost incurred under the old process will be minimized.

The government viewed COVID-19 pandemic as an opportunity to push for more reforms and to promote long term economic growth.

During the occasion, Dr  Moniroth also called on all relevant stakeholders to further promote awareness to the general public about the new business registration system.

 

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