Sci tech

Over the last two months, Indian investors have organised events and field surveys across the country to look for opportunities. A view of the 2022 Horasis India Meeting (Photo: VNA) The Confederation of Indian Industries led a delegation of 15 leading companies to Vietnam on September 25-28 to participate in the India-Vietnam Business Forums held in the southern province of Binh Duong and Hanoi. Indian investors are looking for local partners to enhance bilateral cooperation in various sectors, such as energy, electric vehicles, IT, petrochemicals, healthcare, water treatment, food and beverages, fertilisers, and food processing. “We want to establish a joint venture with local partners to set up an integrated biotech laboratory, which can be used to manufacture biotech products for agriculture, veterinary products, and aquaculture products,” said Mekala Lakshmi Prasad, managing director of agri- and aquaculture group Sujay Biotech. In late August, 25 automotive … [Read more...] about Indian-based financiers eager to pour further investment into the country

Vietnam Rubber Group (VRG) is completing its restructuring scheme for 2021-2025 to submit to the Committee for Management of State Capital at Enterprises. One of the highlights is that industrial real estate will be one of three core business sectors, and the company will foster divestment from the rubber sector to mobilise resources for the industrial real estate sector. Developers eager to cultivate funding in industrial real estate - illustration photo VRG general director Le Thanh Hung said that by 2025, the group’s revenue is expected to increase by 30 per cent, and profit will increase by 25 per cent. The group’s consolidated revenue is expected to climb to VND161 trillion ($7 billion), and consolidated pre-tax profit will be $1.49 billion. The after-tax profit of the parent company will be $536.9 million. “To achieve the above goals, the group will apply for a license to convert part of the rubber area to land for industrial production, contributing to improving … [Read more...] about Developers eager to cultivate funding in industrial real estate

Late last month, FPT Semiconductor officially launched the first line of integrated circuit (IC) chips used in Internet of Things (IoT) products for the medical field. The ICs, which are designed in Vietnam and manufactured in South Korea, will be delivered to customers and current strategic partners in Australia, Taiwan, and China. Next year, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, and others. Vietnam picking up slack as hub for chips - illustration photo The chipmaker intends to deploy and supply Vietnamese chips to domestic corporations to develop sustainably and contribute to completing the supply chain of manufacturing equipment for users in Vietnam between 2023 and 2025. According to a Technavio report, Vietnam’s semiconductor industry is estimated to exceed $6.16 billion by 2024. According to US-based technological research and … [Read more...] about Vietnam picking up slack as hub for chips

Vietnam will intensify investment in eco-farming, low-carbon and high-tech cultivation as sustainable agriculture and food security are the pillars of its development strategy by 2030. Vietnam said it’s necessary to promote green agriculture with “more from less” approaches to ensure better value chain amid increasingly global linkage. Le Quoc Doanh, Deputy Minister of Agriculture and Rural Development, speaks at the FAO's Asia-Pacific Symposium on Agrifood Systems Transformation (APSAST). Photo: Linh Linh Deputy Minister Le Quoc Doanh of Vietnam’s Ministry of Agriculture and Rural Development (MARD) said at the hybrid Asia-Pacific Symposium on Agrifood Systems Transformation (APSAST) held on October 5-7. FAO's Asia-Pacific Symposium on Agrifood Systems Transformation (APSAST) addresses 5F (food, feed, fuel, fertilizer and finance) crisis. Time for Asia-Pacific to accelerate agrifood system transformation Convened by the Food … [Read more...] about “More from less” – sustainable agricultural model for Vietnam

A survey of the Viet Nam Information Security Association showed that more than 50 per cent of cyber attacks are aimed at banks and financial institutions. — Photo VnEconomy Experts will share experience in cyber security in the banking and financial sector during an exercise slated for October 11. DF Cyber Defence 2022 aims to equip officials in charge of ensuring information safety in banking and financial organisations with new tactics, the National Cyber Security Centre (NCSC) under the Ministry of Information and Communications said on October 5. The event will be co-organised by the Information-Technology Department at the State Bank of Viet Nam (SBV), NCSC and IEC Group. The organisers said more than 50 banking and financial organisations have registered to participate in the exercise, with 200 cyber experts. In a study titled ‘Cybersecurity risks in digital banking: The case of Viet Nam’, Phan Chung Thuy from the University of Economics Ho Chi Minh City, said in … [Read more...] about Cyber defence exercise in banking, finance sector to be held next week