Security analysis and portfolio management

National database systems on population and citizen identification management launched

February 25, 2021 by hanoitimes.vn

The Hanoitimes – Once becoming operational, these systems will help cut paper costs, reduce verification for authorities and travel time for citizens as well as saving public fund.

The Ministry of Public Security has officially put into operation the national database system on population and citizen identification management on February 25 with the attendance of Prime Minister Nguyen Xuan Phuc.

The event was held in the form of online conference between the Ministry of Public Security and the public security agencies of 63 provinces and cities throughout the country.

Prime minister Nguyen Xuan Phuc gave speech at the launching ceremony of National database system on population and citizen identification issuance and management systems. Photo: VGP.

At the launching ceremony, Prime Minister Phuc took part in the experience features and effects of the national database system on population and electronic chip-mounted citizen identification cards.

The “National Population Database” and “Citizen Identity Card Production, Issuance and Management” are two important projects implemented by the Ministry of Public Security.

Once becoming operational, these systems will help cut paper costs, reduce verification for authorities and travel time for citizens as well as saving public fund.

According to preliminary calculation, the national database system on population will help decrese the cost for preparing the application and declaration by VND4,864 billion (US$212,000).

Participants to the opening ceremony. Photo: VGP.

The Ministry of Public Security has reviewed, built, and amended relevant legal documents to be consistent with the creation of a national database on population. The ministry has also basically completed the collection of population information nationwide in accordance with the Law on Citizenship.

The national population database system is designed to connect and to allow other information systems to use the shared data through the National Data Sharing Integrated Platform and the National Public Service Portal.

As a result, it will increase the ability to use and update information about the population as well as reducing budget spending in building IT infrastructure of specialized databases.

By the end of January 2021, the Ministry of Public Security had collected more than 86 million survey cards and imported information of more than 81 million cards into the national database on population.

Vietnam’s capitalisation index climbs nine places in GII 2020 report

October 24, 2020 by en.nhandan.org.vn

Accordingly, Vietnam continued to hold 42nd position out of 131 economies in the annual report (ranked 42 out of 129 economies in 2019).

Thanks to the ranking, Vietnam is first amongst a group of 29 lower-middle income economies, third in Southeast Asia, behind Singapore and Malaysia, and ninth in Asia Pacific.

According to the assessment, Vietnam was hailed in its market and business sophistication, of which its ranking in the index on market capitalisation of listed companies (% of GDP) was up nine places in 2019, climbing nine places in 2020 and exceeding the target set by the Government in Resolution 02/2019/NQ-CP dated January 1, 2019 on the continuation of the main tasks and solutions to improve the business environment and enhance national competitiveness in 2019 towards 2021.

Specifically, in the resolution, the Government has set the target of raising the ranking of the stock market capitalisation index by 10-15 steps, climbing at least five steps in 2019 alone.

According to the WIPO’s rankings since 2017, the index of the capitalisation of listed domestic companies (as a % of GDP) has continuously increased, particularly in 2019 and 2020, moving up 18 places in total.

Regarding the latest rankings, the State Securities Commission said that the result affirms the efforts of the securities sector in managing the stock market, combined with the synchronous coordination between the sector with other relevant ministries and agencies in improving the investment environment, attracting foreign investment capital, promoting administrative reform and perfecting institutions and specialised legal systems.

Vietnam’s GII in 2020 has been praised by the WIPO in achieving a number of notable positive results, including improving the level of business development, general infrastructural improvement and that of innovation output.

The GII rankings in 2020 list the competitiveness of 131 economies based on 80 sub-criteria as compiled by the WIPO, Cornell University and the INSEAD business school.

The “Win-Win-Win” formula of branded residences has proven successful

February 26, 2021 by english.thesaigontimes.vn

The “Win-Win-Win” formula of branded residences has proven successful

By Thanh Van

Branded residences are most easily defined as a residential project that is designed, built, managed and operated according to the qua lity standards of a super luxury brand. Those living in branded residences will enjoy all super-luxury services meeting five-star hotel standards or higher.

The first branded residential development appeared in the 1920s on New York’s Fifth Avenue, where the Sherry Netherland Hotel operated successfully alongside its own serviced apartments. The branded residence concept did not catch on until the mid-1980s, when Four Seasons sold out its hotel condominiums in Boston.

Following Four Seasons, the Ritz-Carlton Hotel Company also entered the market. Currently, Marriott International is the world’s leading developer with projects in 17 countries and territories. Marriott is expanding its overseas investment portfolio.

It is worth noting that the branded residence projects are located in prime locations. According to the report “Branded Residences: An Overview” by property experts Chris Graham and Muriel Muirden, the formula for branded residences is “Win-Win-Win”. The tie-up between the property developer owning the prime location, and a luxury hotel brand is the first “Win-Win” step. When a homebuyer decides to invest in branded residences, they will be the third party in the formula. It is clear that homebuyers will be the winners.

The expression “Location, location, location!” is commonly used in the real estate industry, which highlights an important factor of property investment. What is a prime location? The question is not difficult to answer: right in the middle of downtown, in the heart of financial centers and surrounded by shopping malls. In this location, property prices likely never fall.

According to a Knight Frank report in 2019, prices in prime locations in the world’s top cities for property such as London, Hong Kong, New York, Los Angeles, Singapore, and Sydney were increasing before the COVID-19 pandemic. The report predicted that these locations would not be affected in 2020 and will continue to appreciate by 5 percent in 2021.

How do luxury properties in prime locations retain its value even amidst a crisis? The main reason is that these areas have set the standard for a top-notch living environment and guarantee the most luxurious amenities, making people feel safe and secure. A crisis like the COVID-19 pandemic will only push propery prices in these areas higher.

In Ho Chi Minh City, Vietnam’s most developed city, prime locations are at the heart of District 1 with a view of the Saigon River. People can enjoy the fresh air and vibrancy of one of Southeast Asia’s most dynamic cities. Many people assume that the area should be allocated for offices and mixed-used shopping mall developments. If there are luxury residential projects such as branded residences in that area, it will become a hotspot for wealthy Vietnamese.

The “win-win-win” formula has been proven according to Savills’ statistics in 2019. Prices in the sector have nearly tripled in the last decade and are forecast to grow by a further 27 percent in the next three years. Savills research reveals that there are 435 branded residence schemes. The projects are located in developed economies like Dubai, New York and Singapore, among others.

Masterise Homes has teamed up with Marriott International to develop branded residences, the first of its kind in Vietnam. This development offers Vietnamese consumers the ownership and benefits of an asset class akin to mature markets around the world. More importantly, it also sets a new milestone for the Vietnamese economy, creating a unique position for the country to be on par with other developed markets globally.

Grand Marina Saigon – The largest Marriott branded residence in the world, developed by Masterise Homes.

Ericsson named a Leader in 2021 Gartner Magic Quadrant for 5G network infrastructure

February 25, 2021 by www.vir.com.vn

Ericsson has been recognised as a Leader in 5G network infrastructure

Ericsson’s Leaders quadrant recognition in the February 2021 Gartner Magic Quadrant for 5G Network Infrastructure for Communication Service Providers (CSPs) report recognises the company’s Leader position in both completeness of vision and ability to execute.

Vendors offering 5G solutions for communications service providers were comprehensively and independently assessed and evaluated by Gartner experts on their completeness of vision and ability to execute to provide a market snapshot on 5G infrastructure abilities.

End-to-end 5G network infrastructure vendors were evaluated on how they enable IT provider performance to be competitive, efficient, and effective and to positively impact revenue, retention, and reputation within Gartner’s view of the market. The assessment of ability to execute included Ericsson’s products and services, Market Responsiveness and Track Record, Marketing Execution, Customer Experience, and Overall Viability.

Fredrik Jejdling, executive vice president and head of Networks, Ericsson, said: “From research to rollout, we have invested heavily in 5G to ensure we have the best products, skills, and field personnel to meet our customers’ needs. We believe that recognition as a Leader in the Magic Quadrant from Gartner reflects our technology leadership, market competitiveness, determination to innovate, and commitment to our customers.”

Gartner Magic Quadrant for 5G network infrastructure for communications service providers

Ericsson, as an industry leader in 5G networks, currently has more than 130 commercial 5G agreements with unique CSPs and powers 79 live 5G networks across the globe.

Ericsson continuously evolves its end-to-end 5G offerings, which include Ericsson Radio System, 5G Core, Orchestration and 5G Transport, as well as professional services. The company has introduced innovative software solutions such as Ericsson Spectrum Sharing, 5G carrier aggregation, and Uplink Booster, which significantly improve coverage, user throughput, and spectral efficiency.

These solutions support service providers in deploying and evolving 5G to ensure the best end-user experience. In addition, Ericsson Radio System products delivered since 2015 can support 5G New Radio (NR) capability through remote software installation.

Ericsson Digital Services offers a dual-mode 5G Core solution for smarter networks to drive smarter business, allowing communications service providers to offer a multitude of new business opportunities for mobile users and industries.

Ericsson’s 5G Core solution combines an Evolved Packet Core and 5G Core network functions into a common cloud-native platform that supports 5G NR Standalone and Non-standalone, plus 4G, 3G, and 2G.

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help the customers go digital, increase efficiency, and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York.

By Ericsson

Citizen chip-mounted identity cards must use advanced technology

October 13, 2020 by vietnamnet.vn

The Minister of Public Security will decide the form and material for citizen chip-mounted identity cards. Under a request from the Prime Minister, the cards will use advanced technology to ensure security and safety.

The Government Office on October 7 sent a document to Minister of Public Security, conveying the Prime Minister’s instructions on the form of citizen chip-mounted identity cards to be used in Vietnam.

Citizen chip-mounted identity cards must use advanced technology

The Ministry of Public Security will issue 50 million identity cards prior to July 1, 2021.

The Prime Minister stressed that the technology to be utilized for new identity cards must be advanced technology which allows electronic transactions and saves costs for everyone. This also helps speed up the national digital transformation process, striving for a digital government, economy and

Ministries, branches and provincial/municipal people’s committees have been asked to to cooperate with the Ministry of Public Security in deploying chip-mounted identity cards, using information on the cards and building platforms to be integrated into cards before granting cards to citizens.

The project on producing, granting and managing citizen identity cards, capitalized at VND2.696 trillion, was approved by the Prime Minister on September 3, 2020.

The plan aims to improve state management efficiency, create favorable conditions for citizens when following administration procedures and conducting civil transactions, and serve the fight against criminals.

Under the project, to be implemented in 2020-2022, a unified citizen identity system will be built and put under control by the Ministry of Public Security, which comprises hardware (biometric identification system, server, workstations, peripherals, storage devices, security devices), software (commercial software, applied software), training service and infrastructure setting.

The representative of the Ministry of Public Security at an online conference held on September 9 discussing the card and reviewing the 6-month implementation of the project on national population database said that the ministry would report to the government it would activate the two systems and put them into trial operation by February 2021 before official operation in July 2021.

The salient point of the identity card project is the change in the collecting of fingerprints. It is expected that on November 1, 2020, the Ministry of Public Security will begin collecting fingerprints nationwide.

It integrates many associated apps, including digital signature, biometric apps and one-time password apps, which can be used for public services. People will not have to bring many documents with them when conducting transactions.

Vu Ha

Vietnam launches national center for population database

August 19, 2020 by hanoitimes.vn

The Hanoitimes – The project is Vietnam’s largest on information technology, modernizing population management with the application of science and technology, based on the national population database and ID.

Vietnam’s Ministry of Public Security (MPS) on August 17 launched the National Center for Population Database which is the fundamental for e-government application and digital economy building.

Vietnam’s population database is handled mostly manually. Photo: doanhnhansaigon

With a total investment of more than VND3.3 trillion (US$150 million), the project was approved by Prime Minister Nguyen Xuan Phuc in 2015. This is Vietnam’s largest project on information technology so far, modernizing population management with the application of science and technology, based on the national population database and ID, the MPS said on its website.

Components of the project are building technical infrastructure, leasing transmission infrastructure, and building application software systems. It will form the basic content of the national scheme on simplifying administrative procedures, the management of citizenship documents and population databases.

The MPS is responsible for building the database to store, standardize, digitize and manage the basic information of all Vietnamese citizens. The task has required the re-arrangement of the organizational structure of the ministry’s Police Department for Administrative Management of Social Order.

To deploy the task, the department reduced its units from 11 to 6, including one special unit – the National Center for Population Database which is a merger of five units.

Senior Lieutenant Colonel To Anh Dung, deputy director of the Police Department for Administrative Management of Social Order, was appointed to concurrently hold the position of director of the center.

Speaking at the launching ceremony, Deputy Minister of Public Security Nguyen Duy Ngoc suggested that the Police Department for Administrative Management of Social Order should continue to coordinate with professional units to advise ministry and government leaders in reporting on the revised Residency Act to the National Assembly.