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
Internal and external environments of business
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?
Hoang Duc Hanh, deputy director of the municipal Department of Health, on Saturday said the municipal People's Committee would consider relaxing certain Covid-19 control measures. However, exactly when and which kind of businesses and services get to reopen have yet to be announced. Hanoi's Party unit recently stated the city could reopen certain businesses and activities, as well as outdoor sporting activities with 20 people or less, but that the municipal People's Committee must carefully consider the timing and ensure all necessary coronavirus prevention measures are in place to prevent further outbreaks. Tran Dac Phu, former head of the General Department of Preventive Medicine under the Ministry of Health, said whether coronavirus control measures could be relaxed or not does not depend on if a locality has gone 14 or 21 days without new cases. Each locality can decide on an appropriate time to do so, depending on their own unique situation. "The coronavirus situation has … [Read more...] about Hanoi considers reopening certain businesses, allowing outdoor sports
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
Airlines are exerting efforts to resume international flights after a halt triggered by COVID-19 (Photo: VietnamPlus) Hanoi (VNA) – Vietnam is advised to promptly negotiate with countries that have efficiently curbed the spread of COVID-19 in a bid to create travel bubbles and gradually resume international tourism in a practical manner. Relating to the re-opening of international air routes to Vietnam, Dr. Luong Hoai Nam, an aviation expert, voiced his concern about the collaboration in resumption of international flights with other countries, reception of air passengers, COVID-19 prevention, and effectiveness of the resumption in an interview granted to VietnamPlus. Reporter: Vietnam is due to resume international flights, what is your opinion? Luong Hoai Nam: Countries like Thailand and Singapore have built “travel bubbles”. They are bilateral or multilateral agreements stating regulations and tasks that countries of departure and arrival must follow … [Read more...] about Int’l flight resumption: Efficiency built on trust
A booth of VIMEXPO 2020 in Hanoi. (Photo baodautu.vn) Hanoi (VNS/VNA) - The Vietnam International Expo on Support Industries and Processing - Manufacturing (VIMEXPO 2021) is scheduled to take place from October 27-29 at the International Centre for Exhibition (ICE) in Hanoi. The upcoming event, which will be the second held under the Support Industry Development Programme, will comprise nearly 300 booths. Hosted by the Industry Agency under the Ministry of Industry and Trade, VIMEXPO 2021 offers a chance for supporting industry enterprises to share experience, seek new partners and suppliers and learn of new technologies. The three-day expo hopes to welcome 20,000 visitors. The previous edition comprised 250 booths from 170 enterprises on a display area of 5,000sq.m. The Government has issued a resolution on measures to promote the development of support industries, which sets a target of Vietnam producing highly-competitive support products that meet 45 percent of … [Read more...] about Int’l expo on support industries slated for October