Project

Sigma OTT recognised as Hanoi Major Industrial Product in 2024

Published

5 hours ago

March 14, 2025

The Hanoi People’s Committee held a ceremony on December 13 to honour Major Industrial Products (MIP) in 2024, with Sigma OTT ecosystem developed by Thu Do Multimedia, being recognised as one of the three IT High-tech products.

This distinction highlights the significance of innovation in the media sector, exemplified by Sigma OTT.

As many as 36 products from 25 businesses and organisations were honoured at the ceremony. In the information technology and high-tech sector, three products were recognised, including the Sigma OTT ecosystem from Thu Do Multimedia.

The initiative, launched by the Hanoi People’s Committee, aims to identify and promote high-quality products that enhance the competitiveness of local enterprises. These products receive support through partnerships and promotional activities both domestically and internationally, helping them expand globally. Recognised products benefit from promotional efforts throughout 2025, including increased visibility and prioritisation in trade promotion activities.

Hanoi plays a central role in industrial development, with industrial enterprises contributing around 35% of the city’s industrial production value and nearly 2 billion USD in exports. These companies also provide employment for about 80,000 people, underscoring their importance to the local economy.

Sigma OTT stands out for its innovative multimedia solutions, helping Vietnam’s digital transformation. Launched in 2018, it offers an alternative to expensive foreign technologies, with applications in broadcasting, online education, and telehealth. Its cost-effective solutions reduce dependency on international products, advancing Vietnam’s technological self-reliance.

Sigma OTT’s Sigma Multi-DRM is internationally recognised for digital content security, addressing significant concerns around copyright infringement and piracy. Audited by Cartesian in 2020, it places Thu Do Multimedia among Southeast Asia’s leaders. This recognition strengthens Sigma OTT’s position in global markets, including Thailand, the USA, and India, enhancing Vietnam’s presence in digital technology.

Project

Construction of $137 mln waste-to-energy plant begins in HCMC

Published

22 minutes ago

March 15, 2025

Industrialzone.net

Construction on the VND3.5 trillion ($137.2 million) Vietstar waste-to-energy plant, with processing capacity of 2,000 tons of waste per day, commenced on Wednesday in Ho Chi Minh City.

The construction marks a significant step in the city’s efforts to modernize waste treatment technologies.

The project, located in the Northwest Waste Treatment Complex in Cu Chi district, is being developed by VietStar JSC. The project will integrate technology for compost sorting and waste incineration to generate electricity. It is expected to be completed within 17 months, processing 2,000 tons of solid waste daily.

Nguyen Toan Thang, director of the HCMC Department of Natural Resources and Environment, stated: “This is not just a waste management solution; it’s an important step forward in developing renewable energy and a circular economy.”

Thang said once operational, the Vietstar plant will handle 45-50% of the city’s total household waste using modern technology. In addition to reducing pollution, the project will also generate energy for production and daily use.

Illustration of the Vietstar waste treatment plant in Cu Chi district, Ho Chi Minh City, southern Vietnam. Photo courtesy of Vietstar.

The Vietstar plant received in-principle approval from the HCMC administration over five years ago, alongside another waste incineration project in Cu Chi, invested by Tam Sinh Nghia Investment Development JSC.

However, due to procedural delays, construction has only now begun. Meanwhile, construction on the Tam Sinh Nghia plant commenced in July 2024.

According to Thang, the development of waste-to-energy plants is a key part of HCMC’s broader environmental strategy. This includes transitioning all waste treatment technologies to incineration for electricity generation by 2030, recycling organic waste into fertilizers and biofuels, and controlling water and air pollution.

Bui Xuan Cuong, Vice Chairman of the HCMC People’s Committee, highlighted that one of the city’s major challenges is environmental pollution, particularly as the area generates approximately 10,000 tons of domestic waste each day.

He emphasized that the city is working urgently to shift from traditional waste treatment to modern technologies that treat waste as a resource. The Vietstar waste-to-energy plant is a crucial part of this transition.

Currently, most domestic solid waste in HCMC is disposed of in landfills, which risks polluting nearby residential areas. The rest is treated through incineration, fertilizer production, and recycling. According to the city’s goals, waste-to-energy technology will handle 100% of domestic waste by 2030.

Project

Visa and MISA to collaborate on digital payment solutions

Published

1 hour ago

March 15, 2025

Industrialzone.net

MISA, a provider of digital transformation solutions for finance, accounting, and enterprise management, announced a strategic collaboration with Visa on March 14 to empower Vietnamese businesses through comprehensive digital payment solutions.

Visa and MISA to collaborate on digital payment solutions

The collaboration marks a significant step towards accelerating digital transformation within Vietnam’s business community, fostering greater financial inclusion and operational efficiency for enterprises of all sizes.

Vietnam’s dynamic business environment presents both challenges and opportunities for companies. The upcoming VAT law, effective July 1, underscores the increasing need for efficient, transparent, and compliant financial management solutions. Visa and MISA share a common vision of empowering Vietnamese businesses with the tools and resources they need to succeed.

The collaboration will focus on several areas, including the promotion of digital payment adoption among businesses and government entities, thereby enhancing transparency and efficiency. Visa’s corporate card solutions will streamline payment processes and improve reconciliation. Furthermore, Visa will collaborate with JETPAY (a subsidiary of MISA) to develop a Business Payment Service Provider platform.

Another key area is upskilling and capacity building. Visa and MISA will jointly develop and implement training courses, consulting services, and technical support initiatives. These initiatives will enhance businesses’ understanding of digital payment methods and the role of credit cards in managing business cash flow.

In terms of data collaboration and financial inclusion, Visa and MISA will work with bank partners to develop advanced payment services. This includes leveraging AI in data processing and credit appraisal, helping businesses shorten the time to access capital.

The two sides also offer support for new tax regulations. Recognising the impact of the new VAT law, Visa and MISA are committed to providing tools and solutions to help businesses transition to digital payments, manage documentation efficiently, and ensure compliance.

“We are committed to driving financial inclusion and innovation in Vietnam and this partnership combines Visa’s global expertise in payments with MISA’s profound understanding of the Vietnamese business landscape to deliver transformative solutions that help businesses thrive in the digital economy,” said Dung Dang, country manager of Visa Vietnam and Laos.

Le Hong Quang, CEO of MISA, added, “This collaboration allows us to leverage Visa’s top-tier payment technology to create integrated solutions that are tailored to the unique needs of our customers. Together, we will empower Vietnamese businesses to embrace digital payments, streamline their financial processes, and achieve sustainable growth.”

Project

Ninh Binh commences construction of Khanh Loi Industrial Cluster Infrastructure Project

Published

2 hours ago

March 15, 2025

Industrialzone.net

The Ninh Binh Provincial People’s Committee held a groundbreaking ceremony for the Khanh Loi Industrial Cluster Infrastructure Investment and Business Project in Yen Khanh District on February 18.

This is the first newly initiated project among 21 key projects selected to commemorate the 23rd Provincial Party Congress.

Tran Thi Kim Thanh, CEO of Bao Minh-Khanh Hong Infrastructure Investment and Development JSC (the project investor), stated that the project covers 63 hectares and has recieved a total investment of approximately 700 billion VND.

It aims to attract high-quality investment in advanced, eco-friendly industries, integrating local businesses into global supply chains. The project is expected to create 3,000–5,000 jobs and attract skilled labour. Infrastructure construction and equipment installation are set to be completed by the end of 2026.

Nguyen Cao Son, Vice Chairman of Ninh Binh Provincial People’s Committee, urged the investor to ensure synchronised, modern infrastructure, exceed project deadlines, and comply with legal regulations. He also called on local authorities to facilitate project implementation and swiftly resolve any arising issues.

He affirmed the province’s commitment to supporting businesses, fostering a favourable investment environment and driving socio-economic development while improving local living standards.