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
Why virtual reality
ADB Country Director for Vietnam Andrew Jeffries made the promise during his virtual meeting with Chairman of the municipal People’s Committee Phan Van Mai on October 23. ADB is also willing to coordinate with HCM City in the disbursement of capital for joint projects and provision of credit to help recover local businesses affected by COVID-19 through intermediate financial institutions or guaranteed bank loans, he said. Jeffries expressed his belief that HCM City will soon overcome adverse impacts of the pandemic, and spoke highly of the economic development capacity of HCM City and Vietnam as well in the medium and long terms. The next six months will be an important period when businesses, especially small- and medium-sized enterprises (SMEs), and investors should receive support to surpass difficulties caused by COVID-19, he said. For his part, Mai applauded the bank’s support to Vietnam in economic recovery and safe adaptation to the pandemic, highlighting the ADB-funded … [Read more...] about ADB ready to support HCM City in economic recovery: Country Director
The event through December 25, organized by the Tourism Department and the Tourism Association of the city, takes place both in person and virtually on the festival’s website (https://ngayhoidulich.visithcmc.vn), the website on local tourism (www.visithcmc.vn), the Shopee e-commerce platform, and the online travel agent Traveloka. It attracts the participation of nearly 40 provinces and cities nationwide and 80 businesses running tourism establishments, hotels, places of interest, and entertainment centers, with hundreds of tourism products and services offered. Nguyen Thi Anh Hoa, Director of the municipal Tourism Department, said the this is a demonstration of authorities and enterprises’ resolve to revive the tourism industry of the city, as well as the whole country, in a time all economic, cultural, and social activities have to flexibly adapt to the COVID-19 pandemic. To the city, the event is also meant to help local enterprises get ready for fully resuming tourism … [Read more...] about HCM City opens 17th tourism festival
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
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
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?