How to drive automatic car for beginners
The subsidiary of Vietnam’s largest private conglomerate, Vingroup, was one of 57 auto companies allowed to test self-driving vehicles with a driver along with Apple, Tesla, BMW, and Volkswagen, according to the state Department of Motor Vehicles website.
An auto company needs to acquire testing permits with and without a driver each before it can receive permit for deployment in the state.
VinFast last month unveiled three new self-driving electric SUVs saying they all meet the highest global safety standards including five-star ratings from the U.S. National Highway Traffic Safety Administration and the European New Car Assessment Programme.
Customers can start ordering the cars in May this year in Vietnam and in November in the U.S., Canada and the E.U.
VinFast sold 31,500 cars in Vietnam last year, with its VinFast sedan and SUV models among the bestsellers in their respective segments.
The company entered the auto industry three years ago. It has an auto plant in the northern province of Hai Phong and research and development centers in Australia, Germany and the U.S.
It said the manufacturing of electric bikes, buses and cars is part of a strategy to become a hi-tech global auto manufacturer and help develop green transportation and reduce emissions.
Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher.
The announcements, buried deep in Tesla’s 2020 annual report, drove a roughly 20% surge in the world’s most widely held cryptocurrency to over $47,000. At current prices, 0.8 bitcoins would be enough to buy an entry-level Tesla Model 3.
Investors anticipated other companies will soon join a list of firms that invest in or hold bitcoin including BlackRock Inc, the world’s largest asset manager, and payments companies Square and PayPal.
Musk has upended Wall Street over the last year and briefly became the world’s richest person as shares of Tesla surged nearly 500% to become the fifth most-valuable U.S. company, leaving other companies and investors eager to follow in his wake.
“If any lesser mortals had made the decision to put part of their balance sheet in Bitcoin, I don’t think it would have been taken seriously,” said Thomas Hayes, managing member at Great Hill Capital LLC in New York. “But when the richest man in the world does it, everyone has to take a second look.”
The news sparked heavy trading in cryptocurrencies and caused exchanges like Coinbase, Gemini, Binance to experience technical issues, according to Coindesk.
It also generated discussion on Reddit. While discussions of cryptocurrencies are banned on the WallStreetBets community that fueled the GameStop Corp trading frenzy, users in other subreddits posted “to the moon,” expecting more companies to follow suit after Tesla.
A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the past month’s frenzy in retail investment, also driving up prices of the meme-based digital currency dogecoin and shares of U.S. video game chain GameStop.
Experts said they would not be surprised by a closer look from regulators given Musk’s bumpy past with watchdogs.
The Securities and Exchange Commission sparred with Musk and Tesla several times over his use of Twitter to discuss the company, ultimately resulting in his exit as company chairman and a pair of $20 million fines for Musk and Tesla.
“We’re talking about a billionaire with one of the most valuable companies in the history of the world who has seemingly gotten away with poking the SEC before,” said Tyler Gellasch, head of the Washington-based Healthy Markets Association and former SEC official. Still, Gellasch said that “examination doesn’t mean this is likely to be an enforcement case.”
Tesla said in a filing the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold. The report said it ended 2020 with $19.38 billion in cash and cash equivalents.
“We expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt,” the company said.
Tesla said it had invested an aggregate $1.5 billion in bitcoin under the changed policy and could “acquire and hold digital assets from time to time or long-term”. (bit.ly/3q53p1m) Shares of the company rose 1.3% Monday.
Gold jumped more than 1% Monday while ethereum, another cryptocurrency, surged to a record high.
Long-term store of value?
Central banks remain skeptical of digital currencies, but analysts say the more real world uses appear for bitcoin, the more attractive it will prove as a long-term store of value.
Bitcoin has rallied as far as $47,565 after Tesla’s disclosure. The cryptocurrency is up 1135% since March 2020, thanks in part to interest from institutional investors.
“The argument for bitcoin is evolving. It used to be negative (reasons to buy), but suddenly there are positive reasons, and that’s why you see bitcoin at (new highs),” Mohamed El-Erian, chief economic advisor of Allianz, told CNBC.
Tesla is the latest company to add bitcoin to its corporate treasury, following similar moves by Square, the payments company led by Twitter Inc chief Jack Dorsey and U.S. software firm MicroStrategy Inc.
Apple Inc may be the next big company to enter the cryptocurrency market, both by allowing bitcoin to be exchanged on its Apple Wallet service and investing some of its own reserves in units of the cryptocurrency, said Mitch Steves, an analyst at RBC Capital Markets.
“If this becomes a trend in corporate treasuries the downside of staying on the sidelines will only become costlier over time,” said Maya Zehavi, a blockchain consultant.
|Graphic shows Bitcoin hitting record high on Tesla investment.|
Tesla’s move to put some of its corporate reserves in bitcoin may be a signal that it expects the cryptocurrency will emerge as another store of long-term value alongside the dollar and gold, said Graham Tanaka, president and chief investment officer of Tanaka Capital Management in New York.
“Companies are very careful when it comes down to their reserves,” he said. “This doesn’t appear to be a flash in the pan. It appears to be something that may be a fundamental change.”
TOKYO — Solid demand for technology goods drove extended growth in Asia’s factories in February, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery from the shattering COVID-19 pandemic blow.
The vaccine rollouts globally and pick-up in demand provided optimism for a vast number of businesses that had grappled for months with a cash-flow crunch and falling profits.
In Japan, manufacturing activity expanded at the fastest pace in over two years while South Korea’s exports rose for a fourth straight month in February, suggesting the region’s export-reliant economies were benefiting from robust global trade.
On the flip side, China’s factory activity grew at the slowest pace in nine months in February, hit by a domestic flare-up of COVID-19 and soft demand from countries under renewed lock-down measures.
“The big picture, supported by the latest figures, is that China’s growth remains fairly robust, but it is slowing from previously very rapid rates,” Mark Williams, chief Asia economist, wrote in a note to clients.
China’s was the first major economy to lead the recovery from the COVID-19 shock, so any signs of prolonged cooling in Asia’s engine of growth will likely be a cause for concern.
With the global rebound still in early days, however, analysts say the outlook was brightening as companies increased output to restock inventory on hopes vaccine rollouts will normalise economic activity.
“The recovery in durable-goods demand is continuing, which is creating a positive cycle for manufacturers in Asia,” said Shigeto Nagai, head of Japan economics as Oxford Economics.
“As vaccine rollouts ease uncertainties over the outlook, capital expenditure will gradually pick up. That will benefit Japan, which is strong in exports of capital goods,” he said.
China’s Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 50.9 in February, the lowest level since last May but still above the 50-mark that separates growth from contraction.
That was in line with official manufacturing PMI that showed factory activity in the world’s second-largest economy expanded in February at the weakest pace since May last year.
Activity in other Asian giants remained brisk.
The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) jumped to 51.4 in February from the prior month’s 49.8 reading, marking the fastest expansion since December 2018, data showed on Monday.
In South Korea, a regional exports bellwether, shipments jumped 9.5% in February from a year earlier for its fourth straight month of increase on continued growth in memory chip and car sales.
The Philippines, Indonesia and Vietnam also saw manufacturing activity expand in February, a sign the region was gradually recovering from the initial hit of the pandemic.
|ROLLING HILLS ESTATES, CA – FEBRUARY 23: A sign for the Genesis Invitational golf tournament is seen on the door of the car that golf legend Tiger Woods was driving when seriously injured in a rollover accident on February 23, 2021 in Rolling Hills Estates, California. Rescuers used hydraulic rescue tools to extricate him from the car where he reportedly sustained major leg injuries. Law enforcement reports that there was no evidence of impairment. He was in town to participate in the tournament. (David McNew/Getty Images/AFP)|
Woods did not appear to be under the influence of drugs or alcohol during the early-morning incident, and underwent surgery after the roll-over collision, said Los Angeles County Sheriff Alex Villanueva.
No other vehicles or passengers were involved in the crash which occurred on a steep stretch of road known as an accident “hotspot,” where Woods was travelling at “a greater speed than normal,” said the sheriff.
“I will say that it’s very fortunate that Mr. Woods was able to come out of this alive,” said deputy Carlos Gonzalez, the first officer to arrive on scene.
Gonzalez found Woods trapped in his vehicle but conscious, appearing “calm and lucid” and able to identify himself to the deputy as “Tiger.”
“It is my understanding that he had serious injuries to both legs,” said Los Angeles County fire chief Daryl Osby, describing Woods’ condition as “stable.”
Firefighters and paramedics extricated Woods from the wreckage of his SUV and transported him with a neck collar and backboard to a local hospital via road, where he underwent surgery.
There was “no evidence of impairment at this time” including any influence of narcotics, mediciation or alcohol, said Villanueva, adding that the crash remained “subject to investigation.”
He added that no blood was drawn at the scene of the crash because the sheriff’s office does not have that capability.
Woods, one of the most successful golfers of all time, has won 15 major golf championships.
He recently underwent his fifth back surgery, and said he was uncertain if he will be able to play at the upcoming Masters, which he last won in 2019.
Woods, 45, was in the area for his annual Genesis Invitational golf tournament at the Riviera Country Club, and was driving a courtesy car on the morning of the crash.
“We are awaiting further information when he comes out of surgery. On behalf of the PGA Tour and our players, Tiger is in our prayers and will have our full support as he recovers,” said PGA Tour commissioner Jay Monahan said in a statement.
– ‘True champion’ –
The crash occurred near the hilly Palos Verdes peninsula, at the bottom of a steep stretch of road which has runaway truck ramps for vehicles that lose control going downhill.
The section has become notorious for fatal accidents over the years.
“Apparently the first contact was with the center median, and from there (the car) crossed into the opposing lane of traffic, hit the curb, hit a tree, and there was several rollovers during that process,” said Villanueva, who did not provide a cause of the crash.
The car ended up several hundred feet from the inital impact, lying on its side on a patch of grass some distance off the road, with its hood badly damaged.
News of the crash spread rapidly around the sport world and beyond, with figures inside and outside golfing swift to send their prayers and best wishes to Woods.
Skier Lindsey Vonn, Woods’ former girlfriend, tweeted: “Praying for TW right now.”
“Sending my prayers to @TigerWoods and his family tonight — here’s to a speedy recovery for the GOAT of golf,” said former US president Barack Obama.
“If we’ve learned anything over the years, it’s to never count Tiger out.”
Fellow ex-president Donald Trump, speaking to Fox, urged Woods to “get better and get out there because we all miss him.”
– ‘Deeply concerned’ –
Woods was one of the most revered athletes in the world when he became engulfed in scandal in late 2009.
He smashed his car into a tree and a fire hydrant outside his luxury Florida home, sparking a series of scandalous revelations that doomed his marriage and put his game in freefall.
He later divorced from his Swedish wife Elin Nordegren, with whom he has two children, after a cascade of women came forward to say they had affairs with the golfer, making him fodder for tabloids around the world.
Woods underwent four back surgeries between 2014 and 2017.
In May 2017, Woods was arrested near his Florida home for being asleep at the wheel of his car in a traffic lane.
Woods said he had taken prescription drugs and pleaded guilty to reckless driving.
But he made an astonishing comeback to win the Masters in 2019, his first major title since 2008.
He is the winner of 82 US PGA titles, level with Sam Snead for the all-time record.
In 2000-2001, while aged just 25, Woods became the first man to hold the US Open, British Open, the USPGA and the Masters titles at the same time.
Woods remains three major victories shy of the all-time record 18 won by Jack Nicklaus.
“Barbara and I just heard about Tiger’s accident, and like everyone else, we are deeply concerned,” tweeted Nicklaus.
“We want to offer him our heartfelt support and prayers at this difficult time. Please join us in wishing Tiger a successful surgery and all the best for a full recovery.”
|New platforms are constantly developed to streamline operations, Photo Le Toan|
MedPro was established in 2018 as a startup by top-notch experts in the healthcare and technology field to address previously unmet challenges such as the frequent overload at many large hospitals as well as the long waiting times. MedPro provides online booking for healthcare appointment to reduce waiting times. After three years of development, the startup has provided services to 500,000 users in Vietnam.
General director Bui Trieu Anh Tuan noted that MedPro has partnered with nearly 30 hospitals to provide services like online booking, cashless payment system, and smart medical cards. Its partners include leading hospitals in many localities such as Ho Chi Minh City, Ba Ria-Vung Tau, Dong Nai, and Can Tho and this year, the startup will expand its coverage to Hanoi, Haiphong, Danang, Binh Dinh, and Binh Duong, with a potential customer base of two million people.
Similarly, Zoop Care is a platform facilitating communications and collaboration between healthcare providers and consumers. The company is actively expanding its operations in Vietnam to contribute to higher quality and more cost-effective healthcare.
Lucy Duong, COO of Zoop Care, said that during market research, the team noticed that it was common for service providers to sort tasks manually with great difficulties. Daily administrative tasks such as appointment scheduling or patient registration are mostly done on paper, with no effective archiving method in use. In addition, multiple mediums are often employed to contact and manage customers. This disconnected approach prevents them from optimising their operations.
“We developed Zoop Care as a broadly centralised platform to detangle all knotted ends. It serves as an all-encompassing solution, enabling seamless communication with customers,” she said, noting that Zoop Care is designed with many useful features, such as online booking, automatic reminders, smart calendar, treatment reminders, automatic response collection, and real-time reporting.
Meanwhile, eDoctor provides a virtual space to connect patients and doctors during social distancing to prevent the spread of the coronavirus. Deputy CEO Alain Huynh said that the potential for digital healthcare is huge as the healthcare market will double in the next 7-10 years. Digital healthcare makes up less than 1 per cent of the total market size currently, a figure which is projected to skyrocket.
“So we have great room for players in many sub-sectors such as pharmaceuticals, diagnostics, medical technologies, retail, wellness, and telemedicine which are all at the forefront of digital innovation,” Huynh said. “Customer behaviour and the market may change forever if lockdown and social distancing remain the major measures to fight the coronavirus. The right solution at the right time will give startups the greatest competitive edge.”
A report by Fitch Solutions identified great promise in digital healthcare. Internet access is widespread and the country has seen rapid development in 4G and 5G. Building on these foundations, the government is driving a digitalisation agenda in hospitals and clinics. As a result, Vietnam has seen a growing number of foreign players showing eagerness to invest in these startups to capitalise on the market potential.
Medix Global is looking to forge collaborations with local partners, especially in the fields of cancer, cardiovascular, and diabetes, through the company’s investment arm, Medix Ventures.
Medix chief executive and founder Sigal Atzmon said, “Since our launch in July, Medix has already seen significant demand for our services as customers look for support on their medical journey. With this in mind, we are looking for innovative companies in Vietnam or international companies looking to expand into Vietnam that can combine data-driven solutions in the healthcare space. This will increase the efficiency and technologies necessary to bridge gaps and provide better access to quality care.”
She said that Medix would focus on providing personalised support by tapping into innovative services that improve not only the individual’s experience but that also benefit Vietnam’s healthcare landscape.
By Thanh Van