Da Nang calls for RoK’s investment in ICT A forum to promote investment in information and communications technology (ICT) in the central city of Da Nang from the Republic of Korea (RoK) was held virtually on November 30, bringing together representatives from over 200 enterprises and investors from the two countries. The event aims to introduce potential, advantages, preferential and investment support policies of Da Nang to RoK businesses and investors, especially in ICT, and high technology. Addressing the event, Deputy Minister of Information and Communications Phan Tam said the RoK is the largest foreign investor in Vietnam with over 9,000 valid projects worth over 71.5 billion USD, including nearly 500 investment projects in the ICT field with the presence of the world's leading technology corporations such as Samsung and LG. To welcome more investments from the RoK, the Vietnamese Government has been perfecting models, mechanisms and policies to create breakthrough … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 1
Vietnam university of commerce
Vietnamese famers have average income of 3.4 million VND/month The Ministry of Agriculture and Rural Development reported that the average income for farmers in 2020 was 43 million VND/year, which is equivalent to under 3.4 million VND/month. In the Draft Strategy for Sustainable Agriculture and Rural Development for the 2021-2030 period (with a vision towards 2050), the Ministry set the goal of raising farmers’ average income and reducing poverty in a sustainable manner. By 2030, the rural population’s income would have to be 3 times higher than in 2020, and poverty rate would fall by 1-1.5 %. Vietnam targets 100,000 IT enterprises, digital economy to contribute 30% GDP At a recent event in Da Nang, Deputy Minister of Information and Communications Phan Tam said that Vietnam has had 58,000 ICT enterprises and has set a target for that number to reach 100,000 by 2025. "The goal is that by 2030, Vietnam will be in the top 50 countries in terms of digital governing, and its … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 5
Zero waste programme is taking shape in Vietnam to adopt a more eco-friendly lifestyle. Let’s find out how the green initiative has changed people’s thinking and habit. Members of the Vietnam Zero Waste Alliance help local people develop the waste zero model. (Photo: VZWA) Zero waste has been defined in various ways by different people. It can be understood as a comprehensive waste management approach that prioritizes waste reduction and material recovery, with the ultimate aim of creating a circular economy and shrinking waste disposal to zero. The following comments shed light on how the zero waste concept has been received in Vietnam. “I know what zero waste is and I’ve also known the 3R Model (Reduce, Reuse, Recycle) for a long time because I had opportunities to study in developed countries. But right from the beginning, I think it’s very difficult to realize in Vietnam,” said 39-year-old Dao Hoang Anh, who works for TikTok Vietnam. “I have the idea of zero … [Read more...] about Zero waste programme in Vietnam – from movement to habit
VerseHub is one of many Vietnamese startups developing a virtual universe. (Metaverse). Photo: Trong Dat According to Yahoo News, VerseHub - a Vietnamese technology startup - has received $1 million by a group of angel investors. The startup develops technology products following the trend of the Metaverse virtual universe. Since Facebook changed its name to Meta and confirmed it would pursue the development of a virtual world, Metaverse projects have become a hot trend in the international technology market. According to Yahoo News, VerseHub is invested in by a group of unnamed investors, led by GameFi. The founders of VerseHub have had hands-on experience in creating Metaverse products, even before the trend spreads. Canh Ho - co-founder and CTO of VerseHub - said that he initially wanted to set up a company in the UK but the startup will soon move to Vietnam to contribute to spreading the entrepreneurial spirit in his homeland. Before receiving funding from a group of … [Read more...] about Vietnam’s Metaverse startup receives US$1 million
The central bank received three applications for Mobile Money service and has licenced all of them - VNPT, MobiFone and Viettel. Pham Tien Dung, Deputy Governor of the State Bank of Vietnam (SBV), says the central bank granted Viettel the Mobile Money service rights after the Vietnam Post and Telecommunications Corporation (VNPT) announced it would pilot this service in Vietnam. The central bank received three applications for Mobile Money service and has licenced VNPT and MobiFone. Deputy Governor Pham Tien Dung said the State Bank of Vietnam has also granted a license to Viettel to provide Mobile Money services but it has not received official information from Viettel about the license. A source told ICTnews that the license of Mobile Money service for Viettel was slower than VNPT and MobiFone due to the requirement for completing the dossier. Previously, on January 7, 2020, the Government urged a pilot use of telecommunications accounts to pay for services of … [Read more...] about State Bank grants Mobile Money license to Viettel
Since 2010, Da Nang has identified information and communication technology as one of the three strategic breakthroughs in socio-economic development. The central city of Da Nang topped the Digital Transformation Index (DTI) rankings in 2020 for localities nationwide in all three key pillars of digital government, digital economy and digital society, according to the DTI 2020 Report released several days ago by the Ministry of Information and Communications. The DTI rankings were made based on four major sources - data from reports of ministries, ministry-level agencies, Government-run agencies and centrally-run cities and provinces in 2020; data collected from people, entrepreneurs, State officials and public servants; experts’ assessments on digital transformation and information technology; and evaluation collected through the Internet under the supervision of the Ministry of Information and Communications. The rankings aim to provide a panoramic picture on the … [Read more...] about Why has Da Nang taken the lead in digital transformation?