Technology

  Wooden furniture produced at the Quảng Ngãi Province-based Hoàn Vũ JSC to export to Sweden, the US and Germany. — VNA/VNS Photo Vũ Sinh HÀ NỘI – Vietnamese firms should hasten technological development to position the country as a global manufacturing centre, Swedish experts said at a seminar on Tuesday. According to Jennie Cato from the Swedish Association for Engineering Industries, technology had progressed and offered a broad range of advantages for the world’s socio-economic development. In Sweden, at least 50 billion krona (about US$5.2 billion) was spent each year for 2010-17 on technology research and development (R&D), making the country home to a concentration of high-tech companies, Cato said. R&D, with an intensive industrial community, was one of the three key strongholds for Sweden’s science and technology sector, she said, adding tech … [Read more...] about Tech key to position VN as a manufacturing leader

Foreign hackers attack hundreds of agencies in VietnamThe Saigon Times Daily A screenshot of an email from hackers asking for a ransom. The servers of hundreds of agencies in Vietnam have been attacked by foreign hackers – PHOTO: BKAV HCMC - Vietnamese internet security firm Bkav announced on security forum Whitehat.vn that it has detected deliberate attacks by foreign hackers on servers offering services in Vietnam. As of February 14, victims of the attacks amounted to hundreds of agencies and organizations, VietnamPlus reported. These agencies, whose specific names were not revealed, had their servers hacked and all data encrypted. The attacks reportedly originated from Russia, Europe and Americas. The hackers have applied a dictionary attack, one version of the classic hacking method called a brute force attack, to obtain the usernames and passwords of servers running on Windows operating systems. On cracking the passwords, the hackers log into these computers through … [Read more...] about Foreign hackers attack hundreds of agencies in Vietnam

The digital economy era has arrivedBy Nguyen Khac Giang An e-payment being made in a coffee outlet in HCMC. There is no evidence for the rise of the digital economy more convincing than a look into how we loosen our purse strings: The number of online transactions via domestic cards in 2017 grew 50% from 2016, whereas their value surged 75% - PHOTO: THANH HOA This year is a very important time for the digital economy of Vietnam, when the gig economy will take a bigger slice of the cake. More than a decade ago, it was easy to catch sight of people waiting in queue to withdraw cash from an ATM. Back then, salary payment through banks was still a quite new practice. Most workers found it troublesome to get their pay with a card, since there was more to do before cash went into their wallets. Today, office workers transfer their salaries to an e-wallet, or directly use Internet banking for shopping. Payment of power and water bills, purchase of prepaid scratchcards, or debt … [Read more...] about The digital economy era has arrived

Trust Union launches financial service dapp in HCMCBy Minh Tuan Trust Union CEO Markus Patrick Chan (C) at the launch ceremony of Trust Union dapp - PHOTO: MINH TUAN HCMC - Trust Union dapp, the world’s first personal financial relationship and credit asset management service platform based on blockchain technology, was launched by Hong Kong-based Trust Union Company in HCMC last week. The dapp is expected to establish an efficient and secure data and value chain for financial relationships between individuals by providing effective lender-borrower matching and smart contracts. All personal financial data is securely encrypted using blockchain technology, ensuring there is no privacy leak within the chain. Under Trust Union dapp’s Smart Contracts, the borrower’s receipt is created instantly, matching the loan request with idle cash. In the Financial Light Intelligence Contract Library, lenders and borrowers can easily set contract terms such as loan amount, … [Read more...] about Trust Union launches financial service dapp in HCMC

Viettel licensed to pilot 5G in major citiesThe Saigon Times Daily Two young people are seen using smartphones in this file photo. Local telecom carrier Viettel has been licensed to pilot the 5G mobile service in Hanoi and HCMC – PHOTO: THANH HOA HCMC - Minister of Information and Communications Nguyen Manh Hung has signed a decision permitting Viettel Military Industry and Telecoms Group to pilot a fifth-generation (5G) mobile service in HCMC and Hanoi for one year starting January 22, VnEconomy reported. Accordingly, Viettel becomes the first telecom carrier in the country to be licensed for launching the service on a trial basis, aiming to assess technical functions and the possibility of offering the 5G service on a wider scale, with the pilot scale not exceeding 73 sites in the given cities. Also, Viettel will not charge service users during the pilot operations. A Viettel representative on January 23 told VnEconomy that Viettel would map out plans on sites and … [Read more...] about Viettel licensed to pilot 5G in major cities