Pioneers in providing information online

With the advent of the Internet, many services have been provided online and many in the media have been at the forefront of this. Until now, there are many businesses specializing in providing information and analysis of data from the press, but need to look back at a historical time in 1998.

From the needs of foreign press

10 years ago, as the translation manager of Vietnam Economic News (Ministry of Trade), when having relations with foreign colleagues in Vietnam, journalist Nguyen Pham Muoi realized the fact that they were very lacking in information. News about Vietnam, because at that time, there were only 2 Vietnamese News articles of Vietnam News Agency and Saigon Times Daily of Saigon Economic Times with information that could not be complete. Therefore, if there is a general service that summarizes all the news from the Vietnamese press, they will be customers who are willing to pay money to save their efforts and be more proactive in their work. . Not only this source of customers, foreign diplomatic agencies and international organizations in Vietnam are also the agencies that need to update every current situation of Vietnam to serve their work.

Only a few months after Vietnam connected to the Internet, Mr. Muoi decided to get involved in this work. Handing over the position of translation manager to other people, he took care of finding personnel to embark on a new job. The whole group of 6 members who have enough foreign language skills strained their eyes to read dozens of Vietnamese newspapers so that they could translate quickly and briefly to the point where they could not be shortened to English. The next job was to transfer the results to a foreign editor to standardize the language and then arrange the necessary sequence and send it by e-mail to foreign newspapers and marketing addresses.

Immediately, this information service had positive feedback from users. Some ambassadors and representatives of international organizations actively met Mr. Muoi to really understand this new information service before officially signing the contract. Even if every day at noon, if the newsletter has not been sent or delayed due to transmission reasons, many customers, especially foreign newspapers, cannot wait and call to ' wanted 'suppliers. Information services in English live from there and are also the premise for the birth of a business about information.

Business on information services

For some reason, Mr. Nguyen Pham Muoi and members of the group made this news to break up with Vietnam Economic News editorial since September 1999. The work in the new situation requires an official legal entity. Mr. Muoi and another founding member 'knocked on the door' of the authorities are Hanoi Department of Planning and Investment to register to establish a business named Toan Viet. It is difficult for this because Toan Viet is the first enterprise and has no precedent, so all procedures are very simple. Fortunately, the Enterprise Law has a provision to allow enterprises to provide 'business information service' and only when it is found, does the Department of Planning and Investment allow the establishment.

Not only foreign customers, but also domestic agencies gradually realized that it was their demand and ordered services. The first is the request to monitor information related to computer incidents in 2000 by a responsible state agency. Then a Government agency requested a follow-up, brief summary of the operation of the national enterprise system. Although the amount of domestic customers can pay is not high and there are not many customers but according to Mr. Muoi, that is the guarantee of Toan Viet's usefulness that many people are concerned about sensitivity. feel of this service.

Being the first to go, Toan Viet has many advantages because it has gained market share in English and the following businesses are not easy to compete. The success of this service is also a premise for Toan Viet to invest in other services and what Mr. Muoi highly expected is that when the stock market is opened, stock investors will need to know. to the operations of businesses and that is a great opportunity for Toan Viet. Therefore, in the current context, Toan Viet has been a reliable address for securities companies to consider and order market research and analysis.

The story of the birth and success of a private enterprise like Toan Viet has nothing to say if it is not put in the context of Vietnam's Internet development in the past 10 years. The Internet itself is a very convenient environment to produce new businesses, with new business lines, and it is also a very useful business tool for those who are really enthusiastic and creative.