Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time
Vietnam armed forces
ASEAN defense senior officials meet in Phnom Penh
The high-ranking Vietnamese military delegation to the meeting was led by Deputy Defense Minister Senior Lieutenant General Hoang Xuan Chien. In his opening remarks, General Nem Sowath, Director of the General Department of Policy and Foreign Affairs under the Cambodian Ministry of National Defense emphasized the importance of this meeting in preparation for the ASEAN Defense Ministers’ Meeting (ADMM). The Cambodian mentioned a draft joint statement to submit to the ADMM and discussions to enhance the defense cooperation among the ASEAN member states. At the event, heads of delegations heard reports on the outcomes of the ADSOM Working Group, the 16th annual meeting of the Network of ASEAN Defense and Security Institutions (NADI-16), the 19th ASEAN Chiefs of Defense Forces’ Meeting (ACDFM-19). They also heard the updates on ASEAN defense cooperation. Addressing the meeting, Gen. Chien thanked the host for their thoughtful reception. The Vietnamese head delegate congratulated and … [Read more...] about ASEAN defense senior officials meet in Phnom Penh
Vietnamese premier discusses innovation, startup cooperation with US businesses
Vietnamese Prime Minister Pham Minh Chinh attended a forum on innovation and startups with leading U.S. firms in San Francisco, California on Tuesday morning (local time) within the framework of his working visit. During the event, which was organized by the Asia Society Northern California, PM Chinh stated that Vietnam identifies science and technology, innovation, and entrepreneurship as important driving forces for development in the new era. Startup collaboration between Vietnamese and U.S. partners should focus on climate change response, digital transformation, technology transformation, and supply chain diversification, he continued. Attention should also be paid to the innovation and startup movement among young people. The premier went on to discuss with leaders of major U.S. businesses about opportunities for cooperation in innovation, science, and technology. The Vietnamese government is improving mechanisms and policies to welcome new startups, he stated, adding … [Read more...] about Vietnamese premier discusses innovation, startup cooperation with US businesses
Urbanisation indispensable in national development: Party official
Vo Van Thuong, permanent member of the Party Central Committee’s Secretariat, speak at the conference. (Photo: VNA) Hanoi (VNA) – Urbanisation is indispensable and an important driving force for Vietnam’s rapid, sustainable socio-economic development in the time ahead, Vo Van Thuong , permanent member of the Party Central Committee’s Secretariat, said at a conference in Hanoi on May 18. The conference looked into the implementation of the Politburo’s Resolution No. 06-NQ/TW, dated January 24, 2022, on urban planning, building, management and development by 2030, with a vision towards 2045. Thuong laid emphasis on the need to quickly build action programmes and plans on the implementation of the resolution, with specific roadmaps and tasks, he noted. It is also crucial to change theoretical mindset and urban planning methods, and ensure the long-term vision, harmony and modernity of planning schemes, with people and their living standards at the centre, and urban … [Read more...] about Urbanisation indispensable in national development: Party official
End of the line nears for NASA InSight Mars lander
WASHINGTON -- After some four years probing Mars' interior, NASA's InSight lander will likely retire this summer as accumulated dust on its solar panels saps its power. The lander will, however, leave behind a legacy of data that will be tapped by scientists around the world for years to come, helping to improve our understanding of planet formation, NASA said, while announcing on Tuesday the imminent end to InSight's science operations. Equiped with an ultra-sensitive seismometer, InSight recorded more than 1,300 "marsquakes," including a magnitude 5 quake on May 4, the largest so far. But around July, the seismometer will be turned off. The lander's energy level will then be checked about once a day, and some pictures may still be taken. Then by the end of 2022, the mission will be completely stopped. The cause: the accumulation over months of Martian dust on the lander's two solar panels, each measuring about seven feet (2.2 meters) wide. InSight, which is already … [Read more...] about End of the line nears for NASA InSight Mars lander
Defense leader meets with U.S. and U.N. officials
The Vietnamese general led a high-ranking Vietnamese military delegation to accompany Prime Minister Pham Minh Chinh who was on his working trip to the U.S. to attend the ASEAN - U.S. Special Summit. On May 16, at the U.N. Headquarters, Sr. Lt. Gen. Pham Hoai Nam worked with General Birame Diop, military adviser and assistant secretary-general. At the meeting, the Vietnamese general thanked the U.N. for choosing and supporting Vietnam in deploying the Level-2 Field Hospital Rotation 4 and the Engineering Company Rotation 1 to the U.N. peacekeeping missions in South Sudan (UNMISS) and Abyei (UNISFA). He hoped that the U.N. will continue backing Vietnam to deploy its military medical and engineering forces to suitable U.N. peacekeeping missions as well as to run for high positions at U.N. missions and headquarters. Gen. Nam suggested the U.N. expands cooperation in other fields with priority given to war legacy settlement, and humanitarian assistance and disaster consequence … [Read more...] about Defense leader meets with U.S. and U.N. officials