First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s … [Read more...] about VIETNAM BUSINESS NEWS JUNE 19
Factors influencing business environment
Edge computing is an important key to enterprises’ IT infrastructure strategies and the digital economy. A recent survey by TRA found that 51 percent of IT experts in Asia Pacific have begun applying hybrid IT solutions, combining edge computing, public cloud computing and on-premises infrastructure. Edge computing was chosen by more than 1,100 CTOs as the priority task for the next 12 months. The deployment of edge computing has been going strongly in neighboring markets, according to the report. 79 percent of surveyed institutions in Indonesia have applied edge computing, or have understanding about edge computing. Many of them have been applying edge solutions for advanced projects as well. Meanwhile, Thai businesses plan to step up the use of edge computing in the next 24 months for customers’ experience-oriented projects. TRA’s report confirmed the superiority of the positive effects of these solutions. As much as 72 percent surveyed subjects recognized the benfits of … [Read more...] about How can businesses use edge computing effectively?
Illustrative image (Photo: baoquocte.vn) Hanoi (VNA) - Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a recent forum in Hanoi heard. The Ministry of Foreign Affairs and Vietnam Economic Times co-held the Connections for Development Forum 2021 held late last month, with the theme “Seizing New Opportunities for Localities and Businesses”. Addressing the forum, Deputy Prime Minister Pham Binh Minh said that Vietnam is emerging as an attractive investment destination in Asia and its nation brand value is growing at the fastest rate in the world, rising nine places to 33rd in the top 100 nation brand rankings. The FDI sector has become an important driver of Vietnam’s economic growth, with its contribution to GDP rising considerably, he noted. As of December 2020, Vietnam had a total of 33,070 FDI projects worth over 384 billion USD, with 231.86 billion USD, or … [Read more...] about Vietnam – A safe destination for development of FDI
Anthony Roméo is designing a domestic waste treatment line, which will be installed in the southern province of Dong Nai, where his company has a cooperation project with Sonadezi Environment Joint Stock Company. The project aims to recycle domestic waste in the province into humus compost. Menart, a family business established in 1961, specializes in the field of designing, manufacturing and installing machinery and equipment, which are used to produce organic fertilizer and to treat waste of different kinds. The company has projects in many countries in Europe, Africa, America and Asia. In Vietnam, Menart built waste treatment plants in many provinces, including Dong Nai, Soc Trang, Kon Tum, Ha Tinh, Thai Nguyen and Ha Nam. At this workshop, Menart engineers will install and test parts of the waste treatment line before they are shipped to Vietnam. VNA … [Read more...] about Belgium, Vietnam cooperate in domestic waste treatment
Vietnamese President Nguyễn Xuân Phúc had a phone conversation with United Nations (UN) General Assembly Antonio Guterres on Saturday. — VNA/VNS Photo Thống Nhất HÀ NỘI — Vietnamese President Nguyễn Xuân Phúc congratulated Antonio Guterres on his reappointment by the United Nations (UN) General Assembly as UN Secretary-General in the 2022-26 tenure, and proposed a number of measures to further foster the Việt Nam-UN partnership during their phone talks on Saturday. Both leaders affirmed they treasured and were delighted at the fruitful development of the relationship between Việt Nam and the UN over the past years. President Phúc highly appreciated contributions that Guterres made in the last term, and showed his support for priorities and directions of the UN Secretary-General in the next five years. As a responsible member of the UN, Việt Nam had made positive contributions to the common affairs of the UN by performing the role of a non-permanent member of the UN … [Read more...] about President congratulates UN chief Guterres on re-election
Affirming that there has been no sign of massive cyberattacks on many newspapers, the Authority of Information Security said it would soon issue a procedure for quickly responding to cyberattacks on press agencies. Some online newspapers, including VOV, Phap Luat Thanh Pho HCM, Saigon Giai Phong and Thanh Nien, some days ago incurred DDoS attacks, which caused access interruption. There was speculation that a campaign of cyberattacks was targeting press agencies. AIS on June 16 confirmed with VietNamNet that since June 12, the agency had been cooperating with network operators to help VOV at their website vov.vn and Phap Luat Thanh Pho HCM at plo.vn to troubleshoot the attacks. AIS said only these two press agencies incurred attacks, on June 12 and June 15. Appropriate agencies are continuing the investigations and tracing to find the sources, subjects and methods used in the attacks. The websites returned to normal shortly after with early support from the agency in charge … [Read more...] about E-newspapers receive emergency rescue if cyber-attacked