Cybersecurity, data management crucial for fintech developmentBy Thuy Dung HANOI - The State Bank of Vietnam (SBV) encourages cooperation between commercial banks and financial technology (fintech) companies but urges the enhancement of cybersecurity and data management to safeguard consumers’ interests and stabilize the banking system, officials said. At a seminar titled, “The Fourth Industrial Revolution and Innovations in the Finance-Banking Sector,” held by National Economics University on June 12, Le Anh Dung, director of the Payment Department under SBV, noted that the central bank will manage fintech firms based on risk assessment instead of their compliance with general principles. According to experts at the seminar, fintech companies have significantly affected the banking system, having transformed banks’ business and administration models into digital ones by applying the achievements of the Fourth Industrial Revolution. In addition, fintech firms … [Read more...] about Cybersecurity, data management crucial for fintech development
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Viet Nam has many opportunities to develop a digital economy, but the country’s legal framework on cross-border data flows is still "unopened", according to the Asia Cloud Computing Association (ACCA).— Illustrative Photo doanhnhanviet.net.vn Viet Nam has many opportunities to develop a digital economy, but the country’s legal framework on cross-border data flows is still "unopened", according to the Asia Cloud Computing Association (ACCA). The Central Institute for Economic Management (CIEM) and ACCA jointly organised a workshop on cross-border data flows to improve the framework for digital economic development on Thursday. Lim May Ann, ACCA executive director, announced the report "Cross-border data flow: A review of the regulatory enablers, blockers and key sectoral opportunities in five Asian economies: India, Indonesia, Japan, the Philippines and Viet Nam" at the meeting. The report provides an overview of the legal status of data management in the five … [Read more...] about Data flows remain unopened
A workshop on Cross-border Data Flows took place in Hanoi on May 3 to discuss the importance of data access and sharing and the need to develop a legal framework on data management to boost the growth of digital economy. At the workshop on Cross-border Data Flows in Hanoi on May 3 - Photo: baocongthuong The event was co-held by the Central Institute for Economic Management (CIEM) and the Asia Cloud Computing Association (ACCA). Theo VNA … [Read more...] about Legal framework on data management in need to boost digital economy
Workers collect classified waste in District 1. (Photo: TTO)Phan Xuan Dung, Head of the NA Committee on Science, Technology and Environment, added that the city also led in classifying waste at the source, across all 24 districts. “It is also the locality that is active in calling on investment in modern technologies for waste treatment, thus protecting the environment,” he said. According to Mr. Dung, to improve waste management and treatment, effective solutions are needed in reducing the amount of buried waste and increasing the amount of burned waste, especially waste-to-power burning technology. Sharing solutions for waste management and treatment, Huynh Cach Mang, Vice Chairman of the city People’s Committee, said that besides solutions for household waste, medical waste, breeding waste and industrial waste, the city is focusing on carrying out solutions to treat waste water, including industrial waste water, agricultural waste water and household waste water. … [Read more...] about Ho Chi Minh city leads in waste management and treatment
VietNamNet Bridge - The Civil Aviation Authority of Vietnam (CAAV) has announced its findings about inspections of airlines’ compliance with laws on securing customer privacy. The inspections were conducted at Vietnam Airlines (VNA), Vietjet (VJ) and Jetstar Pacific (JPA). Airlines are using different booking systems Inspectors found that air carriers are using different booking, seat reservation and ticket sale systems. VNA is using a system provided by SABRE Airlines Solution, a prestigious booking software provider. VNA has also set up programs to supervise the activities of computer users and control access to the booking and reservation system. However, the national flag air carrier still cannot fully prevent exposure of passengers’ information. The problem is that some regional branches of VNA have the right to run API programs connected with SABRE ticket booking and seat reservation programs. These include software informing passengers about … [Read more...] about Are airline security solutions reliable?