The country's demand for high-tech workers is estimated to reach 350,000 in 2020, but it is likely to face a shortage of 70,000-90,000, said Prof. Nguyen Thanh Thuy, Deputy Principal of the University of Engineering Technology of Vietnam National University at an IT conference on Friday. While AI research has been happening for around 5-7 years, Vietnam will need the human resources to develop and apply such technology. However, training people for this sector is no small task, said Thuy. Currently, global demand for AI engineers is one million people, while there are only around 10,000 individuals worldwide with the right skills to spearhead serious new AI projects, Thuy said, citing Google Brain, the deep learning artificial intelligence team at Google Inc. Prof. Ho Tu Bao, Director of the John von Neumann Institute, said Vietnamese businesses need to coordinate with training institutions to produce short term courses and curricula to develop professional AI human … [Read more...] about Vietnam faces AI stumbling block: developers
THACO recalls BWM cars with air-conditioning fan faults
By Dat Nguyen  August 17, 2019 | 04:00 pm GMT+7 A cable fault in the BMW 3 Series sedan could lead to overheating. Photo by Shutterstock/VanderWolf Images. Leading Vietnamese auto firm THACO is recalling 885 BMW sedans with faults in air-conditioning fans which could lead to overheating. A statement from Vietnam Register says that the recall, which applies to the imported BMW 3-Series E90/E93, relates to a cable that connects with the blower fan, which has been found to change color or break, revealing the iron cord inside. This could lead to overheating and short circuits. These cars had been distributed by Euro Auto, the previous importer of BWM cars in Vietnam, which have stopped operating due to legal issues. As THACO started distributing BMW cars since January 2018, it is now responsible for the recall. THACO will replace the malfunctioning part free of costs at its two BWM showrooms in Hanoi and one in Ho Chi Minh City starting August 15 for a … [Read more...] about THACO recalls BWM cars with air-conditioning fan faults
Philippines earns 4.67 billion USD from tourism in H1
Manila, the capital of the Philippines (Source: internet) Hanoi (VNA) – The tourism industry of the Philippines grossed some 245 billion pesos (roughly 4.67 billion USD) in receipts from international visitors during the first six months of 2019, according to the country’s Department of Tourism (DOT). The Philippines is hoping to reach its target of 8.2 million foreign tourist arrivals in 2019, a million higher than that of 2018. DOT data showed that the highest monthly revenue of 48 billion pesos (about 915.4 million USD) was recorded in February 2019. Tourism Secretary Bernadette Romulo-Puyat said the DOT is keeping up with its goal of attracting high spending and longer staying tourists. Earlier, the DOT said more than 4.1 million foreigners visited the Philippines from January to June this year, a year-on-year rise of 11.43 percent.-VNA … [Read more...] about Philippines earns 4.67 billion USD from tourism in H1
Airports overwhelmed as passenger numbers keep rising
Traffic jam on Truong Son Street leading to HCM City’s Tan Son Nhat Airport (Photo: VNA) HCM City (VNS/VNA) - The 21 airports in Vietnam are overloaded with the number of passengers estimated to increase to over 112 million this year against a capacity of 96.05 million. Last year they handled 103.5 million passengers. Tan Son Nhat International Airport in HCM City suffers from chronic traffic congestion inside and outside despite the efforts of the city's People’s Committee, the Ministry of Transport and other agencies. Airport authorities have yet to identify the contractor for building the third terminal. The new terminal will be designed to handle 20 million passengers annually, helping to resolve the traffic congestion and develop the airport in accordance with the master plan approved by the Government. The overload is the reason why no more slots are allotted to foreign or local airlines at the airport. Overloading is a serious problem also at some of the … [Read more...] about Airports overwhelmed as passenger numbers keep rising
Singapore: Investment in fintechs surges
Illustrative image (Source: internet) Hanoi (VNA) – Investment in Singapore’s financial technology companies in the first half of 2019 has quadrupled from a year ago to 453 million USD, according to a recent report of consulting company Accenture. The figure means that Singapore is now the third largest hub for financial technology in the Asia-Pacific region, only after China and India. As many as 48 investment deals were signed in Singapore in January-June, a year-on-year rise of 55 percent, according to the report. Close to 28 percent of the total investment was poured into insurtech firms, it said. Fintech companies that provide payment services account for 27 percent of the investment, while enterprises in the lending sector make up 25 percent, the report added.-VNA … [Read more...] about Singapore: Investment in fintechs surges