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
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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
The bodhi tree stands guarding Lương Văn Chánh Temple in Phú Hòa District, Phú Yên Province, one of the National Heritage trees of Việt Nam. An old temple against an ageing tree gives people a sense of firm background, stability and tranquillity, and is a classic rural Vietnamese landscape.VNA/VNS Photo Minh Đức By Nguyễn Mỹ Hà It's still early in the summer and Hà Nội's skies are a crystal clear blue as far as the eyes can see. Increased air pollution in recent years has made a blue sky a rare sight in Viet Nam's capital, and while the COVID-19 pandemic has wreaked havoc on all aspects of life, one area where it may have a silver lining is environmental protection. Lockdowns across the world have led to drops in emissions and therefore air pollution, while the global nature of the crisis could just jolt humanity into a long-needed awakening to the need to counter the unfolding climate crisis. The trees of a historical temple in Hà Nội's Tây Hồ District provide a … [Read more...] about Securing humanity’s future, one tree at a time
STYLISH: A handbag within the AmReborn project made of recycled textiles and environmentally-friendly material. By Lương Thu Hương Tonnes of unwanted fabrics end up in landfills every year, seriously impacting the environment. However, if such discarded clothes are properly recycled, they could become elegant accessories like handbags, clutches or purses. Hoàng Huệ, a young businesswoman from Hà Nội, is transforming unwanted clothing into fashionable pieces. The idea for AmReborn, a project recycling thrown-away clothes, came to Huệ when she was rearranging her wardrobe and realised that like many others, she was keeping hold of a large amount of old and unused clothes. “While most of the old clothes will be discarded, some others will be preserved as keepsakes but will be wasted. At that time, I thought, why not give such clothes a second life while still being able to preserve their sentimental value in other forms like handbags,” she said. Huệ … [Read more...] about Project gives discarded clothes new lease of life