Vietnam news

In a resolution issued Monday on buying Cuba’s Abdala vaccine, produced by the Center for Genetic Engineering and Biotechnology (CIGB), the government said the doses will be procured by a contractor chosen in line with the Law on Bidding for "special cases." The resolution accepts the usual disclaimers for emergency use vaccines and that any contract dispute will be handled in accordance with Cuban law. In case the two parties in the contract cannot reach an agreement, the settlement shall be based on the Arbitration Rules of the International Chamber of Commerce (ICC) in Paris, France. The purchase decision follows the Health Ministry granting emergency use approval for Cuba’s Abdala Covid-19 vaccine Friday. The vaccine employs a traditional approach by using a part of the spike protein, which the virus uses to bind to human cells, to build up the immune reaction. Cuba approved emergency use of the Abdala vaccine on July 9 after manufacturers announced it was more than 92 … [Read more...] about Vietnam to buy 10 million Covid-19 vaccine doses from Cuba

About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 19

Speedtest statistics showed that the download speed of mobile networks in Việt Nam reached 42.46 Mbps in July, lower than the world average of 55.07 Mbps. Speedtest also said that for fixed broadband internet, Vietnam achieved a download speed of 78.43 Mbps, far behind the world index of 107.50 Mbps. Significant improvement is that the upload speed of Vietnam's internet exceeds the average mark, such as the mobile network at 19.25 Mbps compared to 12.35 Mbps, and the fixed broadband at 68.38 Mbps compared to 58.27 Mbps. The fastest mobile network access speed in the world belongs to the UAE with 190.03 Mbps, followed by South Korea at 189.2 Mbps. In the Southeast Asian region, the lead is Singapore with 85.93 Mbps, ranking 18th globally, Brunei with 59.34 Mbps (36th), Thailand 48.89 Mbps (51st) and Việt Nam (58th). In terms of fixed broadband Internet, the world leader is Monaco with 256.7 Mbps, followed by Singapore with 256.03 Mbps. … [Read more...] about Internet speed in Vietnam is below world average

The 5G data transmission speed in a test conducted recently in Vietnam reached 4.7Gb/s, 40 times higher than 4G speed and two times higher than existing 5G speed. The test was jointly conducted by Viettel, Ericsson and Qualcomm at Viettel Innovation Lab. Viettel tested and successfully established 5G data transmission speeds of more than 4.7Gb/s. The speed is 40 times higher than 4G speed and more than two times faster than the existing 5G speed, making this mobile carrier one of the fastest 5G telecommunications networks in Asia. The test confirms the outstanding capacity of 5G ultra-short wave (mmWave) technology that this operator is deploying in Vietnam. A 5G network with super high speed is the foundation for building smart factories, smart agriculture, smart cities, smart healthcare, smart education... To achieve a record data transmission speed of 4.7 Gb/s, the research team of Viettel, Ericsson and Qualcomm Technologies used advanced E-UTRA New Radio Dual … [Read more...] about 5G testing in Vietnam reaches record-breaking speed

Vietnam confirmed an additional 8,681 Covid-19 infections on Monday, which was the lowest number of daily infections in a month, according to the Ministry of Health. According to the ministry's report, 8,668 of the new patients are locally-transmitted cases confirmed in 38 localities including HCM City (5,171), Binh Duong (1,410), Dong Nai (869), Long An (268), Tien Giang (211), Kien Giang (175), Dak Lak (113), and An Giang (100). There were 13 imported patients confirmed today. The new infection number showed a decrease of 1,357 cases compared to yesterday's figure with some hotspots seeing falling number such as Binh Duong (falling by 922), HCM City (by 325), An Giang (by 187). There were 6,154 infections found in the community. As of Monday evening, 691,285 infections have been reported since the new outbreak occurred in the country in late April, with some southern localities recording high infections such as HCM City (341,699), Binh Duong (179,705), Dong Nai (40,842), Long … [Read more...] about Vietnam reports lowest number of daily Covid-19 infections in a month

The three localities with the highest number of new cases were Ho Chi Minh City with 5,171 cases, Binh Duong with 1,410 cases and Dong Nai with 869 cases. Of the day's tally, 6,154 cases were detected in the community. The new cases pushed up the domestic tally in the current wave to 691,286. The health ministry also confirmed 6,821 discharges the same day, bringing the total tally of recovered cases so far to 464,326. 215 deaths were announced Monday, raising the death toll to 17,305, or 2.5 percent of infections. The average number of new cases in the country for the past seven days has been 10,160 a day while the national death rate over the past week has been 234 a day on average. Over 34.55 million people have received at least one Covid-19 vaccine shot, in which 6.64 million people have been fully vaccinated. … [Read more...] about Vietnam records 8,668 new Covid-19 cases