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Global tech giant Google is in the process of considering moving orders for future phones to Vietnam in an effort to avoid risks posed by ongoing trade tensions between the United States and China, as well as China's COVID-19 lockdown, newspaper DigiTimes of Taiwan (China) reported. Google's Pixel 7 smartphone The Taiwanese media outlet cited sources from the upstream supply chain as saying that the US-based tech firm originally planned to produce its smartphones in Vietnam. However, it ultimately decided to keep its production in China due to a combination of the pandemic coupled with the strong support provided by Chinese supply chains. However, DigiTimes assessed that the strict COVID-19 lockdowns implemented by the northern neighbour have prompted the company to reconsider its view. According to figures compiled by Canalys, Google has seen robust demand for its Pixel 6 in the North American market, with the smartphone's shipments reaching around 1.2 … [Read more...] about Google ponders moving smartphone production from China to Vietnam

A factory of a mechanical engineering enterprise in Quang Ninh Province's Ha Long City. — Photo cokhitienmanh.vn Domestic mechanical engineering enterprises should strengthen cooperation to improve competitiveness and gain more market share, industry experts have suggested. Nguyen Quang Hieu, general director of PetroVietnam Marine Shipyard JSC (PV Shipyard), told Nhan Dan (The People) newspaper that there were enormous opportunities for mechanical engineering firms to tap into the lucrative local market with a scale of up to billions of dollars. Hieu cited offshore wind power projects as a good example. He said Vietnamese enterprises could produce offshore wind turbine foundations. Even a small-scale wind power project comprises about 30-40 turbines, and its turbine foundation system would need an estimated 300,000 tonnes of equipment. With each tonne equivalent to US$4,000, including the cost of materials, on average, there would be about $1.2 billion worth of market share … [Read more...] about Mechanical engineering firms urged to enhance cooperation

The 29-year-old works in Hanoi’s flood-prone Cau Giay District. "After it flooded twice, I’m scared and have to check my weather app every day to make sure to return home early if it forecasts rain," she says, describing her experience of getting caught in the recent rainstorms as a "nightmare." The ride between home and office used to take 15 minutes, but these days it takes over one hour. In late May her bike broke down in the middle of a flooded street. She had to wait for the rainwater to ebb before calling a relative to come and help her push the bike home. The following morning she took a break from work to take her bike to a nearby repair shop and found three or four other customers waiting in line with the same problem. During the second flooding episode on June 13, luckily her bike did not break down. But she had to spend a lot of time driving in the chaotic traffic, which had come to a standstill on many streets. "Now, whenever it starts to rain, I return home … [Read more...] about When downpours turned life upside down in Hanoi

Fincorp signs an agreement on June 30 to provide its Fplatform solution for VinaCapital’s digital platform VinaCapital MiO. — Photo courtesy of VinaCapital Fincorp’s technology will enable investors in VinaCapital’s open-ended funds to manage their portfolios more conveniently and securely on VinaCapital MiO digital platform. Fincorp previously partnered with VCFM to distribute VinaCapital products on its Fmarket.vn platform. Brook Taylor, CEO, asset management, at VinaCapital, said: “This partnership is aligned with the ongoing trend in developed markets, where fund managers are joining forces with dynamic fintech companies to elevate their businesses. “By focusing on digital transformation, we aim to provide our investors and distribution partners with the best digital experience that complements the leading open-ended fund products VinaCapital manages.” Do Van Chuan, CEO at Fincorp, said: “We believe that technology gives consumers greater access to transparent and … [Read more...] about VinaCapital partners with Fincorp for digital transformation solution

On Wednesday, a workshop on improving packaging technology and design to enhance business competitiveness and efficiency was held in the southern province of Dong Nai. — Photo vtv.vn The packaging industry will benefit from the growth of e-commerce, and the free trade agreements that Viet Nam has joined, said Nguyen Duc Trung, deputy director of the Enterprise Development Agency, at a training workshop in the southern province of Dong Nai last week. This workshop was focused on improving packaging technology and design to enhance business competitiveness and efficiency. The training session is an activity within the framework of the USAID Improving Private Sector Competitiveness (IPSC) project, funded by USAID. The Ministry of Planning and Investment's Enterprise Development Agency is the project owner. It is designed to equip businesses with the latest information and knowledge on packaging technology and design, thereby supporting businesses to develop appropriate packaging … [Read more...] about Packaging industry benefits from e-commerce

The request on Tuesday from Senator Mark Warner, a Democrat, and Republican Marco Rubio followed a Buzzfeed report saying the short video app permitted TikTok engineers and executives in China to repeatedly access private data of U.S. users. The senators said such access raised questions over TikTok's claims to lawmakers and users that the data was protected. "In light of repeated misrepresentations by TikTok concerning its data security, data processing, and corporate governance practices, we urge you to act promptly on this matter," the senators wrote FTC Chair Lina Khan. TikTok said Tuesday that access to data "is subject to a series of robust controls, safeguards like encryption for certain data, and authorization approval protocols overseen by our U.S.-based leadership/security team." The company responded to the senators' letter by reiterating "TikTok has never shared U.S. user data with the Chinese government, nor would we if asked." The FTC confirmed it had received … [Read more...] about Two senators call for FTC probe into TikTok over U.S. data access