Southeast asia where to start

With the use of digital money increasing rapidly during the pandemic, the financial industry needs the most intelligent solutions to detect and counteract complex threats that never seem to stop. — Photo courtesy of Kaspersky HCM CITY — With the use of digital money increasing rapidly during the pandemic, it has become crucial for the financial sector to integrate security and improve their threat intelligence capabilities, according to cybersecurity experts. According to the State Bank of Vietnam, last year nearly 374 million transactions worth more than VNĐ22.4 quadrillion (US$974.5 billion) were made via the internet, up 8.3 per cent and 25.5 per cent from 2019. Besides, nearly 918.8 million transactions worth nearly VNĐ9.6 quadrillion were made via mobile phones, an increase of 123.9 per cent in volume and 125.4 per cent in value yea-on-year. Lockdowns due to the pandemic have caused digital payments to skyrocket. According to the 2020 Doing Business report released by … [Read more...] about Financial sector needs to improve threat intelligence: experts

New Covid-19 infections in HCMC fall The Saigon Times Police officers on duty at an area under lockdown. Among 3,697 fresh domestic Covid-19 cases reported by the Ministry of Health this evening, July 28, HCMC recorded the highest at 2,334 - PHOTO: VNA HCMC - Among 3,697 fresh domestic Covid-19 cases reported by the Ministry of Health this evening, July 28, HCMC recorded the highest at 2,334, taking the city's case number today to 4,449. This spike, though still high, is much lower than yesterday's surge of 6,318 cases. In addition, 631 Covid-19 case were detected in Binh Duong Province, 153 in Dong Thap, 137 in Dong Nai, 66 in Can Tho, 61 in Khanh Hoa, 54 in Tra Vinh, 52 in Ben Tre and 50 in Danang City. The remaining cases were reported in 20 other provinces and cities. The latest Covid-19 infection detected in Dong Ha City in Quang Tri Province ended the province’s 70-day coronavirus-free streak. Apart from the domestic infections, the ministry also reported … [Read more...] about New Covid-19 infections in HCMC fall

Starting 7 a.m., people from Hang Trong, Cua Nam, Tran Hung Dao and Hang Bong streets gathered at a kindergarten on Tho Nhuom Street to get their shots. Around 800 people in the area received their shots in the session. The body temperature and blood pressure of each resident was checked prior to vaccination. Bui Bich Ngoc said she and her father registered for vaccination through a mobile app. "I feel lucky to be part of the list quite early. I'm a bit nervous as my father has a history of high blood pressure and frail health, but for the sake of our family and community, we decided to get vaccinated anyway," Ngoc said. People wait for their turn to get vaccinated, maintaining the mandated distancing from each other. Medical workers perform a health screening exercise before taking residents to the vaccination site. Those with certain contrary underlying conditions or allergies cannot … [Read more...] about Hanoi begins mass Covid-19 vaccination campaign

3D image simulating 4 combined cycle gas turbines of Bac Lieu liquefied natural gas power plant. Photo: vnexpress.net Delta Offshore Energy Pte., Ltd., the investor of the $4 billion Bac Lieu liquefied natural gas-to-power (LNG) project in the Mekong Delta province of Bac Lieu, is urgently completing works so that construction will be kicked off on time as committed. The investor is both completing procedures with Vietnamese parties and negotiating with international partners to sign engineering, procurement, and construction contracts and other contract packages, while also negotiating with international financial organisations for capital arrangement. However, the investor of the LNG Bac Lieu project is facing difficulties in negotiating the power purchase agreement (PPA) as the relevant parties involved have yet to reach a compromise over the selling price of power and the power purchase volume. According to Delta Offshore, delays in reaching a compromise over these issues … [Read more...] about Task force to bump up project efficiency

Employees of Changshin Vietnam Company are taken samples for Covid-19 testing. Source: Le Lam/ thanhnien.vn Nike could soon face a shortage of sneakers as two suppliers – South Korea’s Changshin Vietnam and Taiwan’s Pou Chen Corporation – have had to cease operations because of coronavirus infections. Nike itself does not have factories in Vietnam but it has extensive operations in the country through contracts. Nike is also one of the largest indirect foreign employers in Vietnam. Nike Vietnam’s sustainability manager Cuong Luong said that the athletics brand has around 200 suppliers in Vietnam which include finished goods, materials, footwear, apparel, and accessories. Its labour-intensive suppliers employ 500,000 workers. “Nike manages our suppliers across the country. Some factories in the nothern provinces of Bac Giang and Bac Ninh faced serious impacts over the past few months, and now the pandemic has hit suppliers in Ho Chi Minh City, and nearby provinces of Binh … [Read more...] about Supply chain crisis ahead for top brands

MoF suggests reducing trading board lot size from 100 to 10 on HSX The Ministry of Finance has suggested reducing the trading board lot size from 100 to 10 and providing favourable conditions for companies to list again on the Ho Chi Minh City Stock Exchange. Specifically, from July 5, the fresh trading system of the Ho Chi Minh City Stock Exchange (HSX) has officially been put into operation. According to the MoF, the congestion has been basically addressed, stabilising market sentiment, and demonstrating the drastic direction and management of the MoF. To further strengthen the role of securities market management and administration, the MoF required the SSC to follow the below nofitications: (1) Directing both local and foreign-invested securities companies, especially those holding large market shares to report on their technical system infrastructure in a bid to ensure stable and smooth trading. (2) Reviewing the new trading system. Moreover, HSX is encouraged to … [Read more...] about VIETNAM BUSINESS NEWS JULY 28