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/ April 12, 2021

Some 12,000 candidates enter Violympic national final round

Some 8,000 fifth, ninth, and twelfth graders took Mathematics Violympic (Vietnamese version), approximately 2,500 fourth and eighth graders sat for Mathematics Violympic (English version), and over 1,000 learners in grades 9 and 12 took Physics. Candidates  of the final round To enter the final round, students had to complete nine prior rounds meeting the qualifying scores and criteria set in each examination location. Students who win the national Violympic competition this year will be awarded certificates of merit and Gold, Silver, or Bronze medals for each subject and grade. The top 20 candidates will receive their rewards in kind, which is worth over VND400 million (US$ 17,350) in total. The competition's organization board revealed that the national round is scheduled to be expanded for other grades in the next years. The 2020-2021 academic year is the thirteenth consecutive year that Violympic has been organized for high school students nationwide proving to be a prestigious online playground. It has been welcomed by teachers, students and parents. So far, the Violympic System has reached 33.7 million subscribers after 13 years of development. The competition currently has a total of 10 rounds, minimizing pressure on students and teachers. In the competition, six self-training rounds closely adhere to textbooks with interesting formats, combining Mathematics, Physics, Foreign Languages and Information Technology to help students to actively brush up on their pre-existing knowledge and self-assess their own knowledge. The goal of the competition is to help students in all corners of the country to have access to education 4.0 as well as assist teachers and schools to enhance the information technology application for innovative teaching approaches, improved teaching-learning quality and management quality. By Phan Thao - Translated by Anh Quan …

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/ April 14, 2021

Digiworld aims to reach billion-dollar market cap target

Digiworld aims to grow 25 per cent on average annually in the next decade Two months ago, Digiworld’s executive told securities firms that a partner producing and assembling Xiaomi tech products is opening a plant in Vietnam’s northern port city Haiphong, and that the plant would commence operation in the second half of this year. Albeit the information was not yet confirmed by Digiworld’s leadership at the company’s recent annual general shareholders’ meeting on April 4, the company’s CEO Doan Hong Viet was quoted as saying, “This is informal information; Xiaomi and Digiworld will be making an official announcement on a suitable timing in the future.” In fact, Digiworld is the exclusive distributor of all Xiaomi products in the Vietnamese market. According to Viet, home appliances would be one of hte key segments of Digiworld by 2024 with the target of holding a "remarkable market share", in which TV sets would secure the largest share in value. The home appliances market, with teh main items being TV sets, refrigerators, washing machines, ovens, and the like, has been totally untouched by Digiworld until the present. Viet explained that the overly high import duty of about 15 per cent was the reason why Digiworld had yet to engage in importing products for distribution and wholesale in the Vietnamese market. At the recent AGM, CEO Viet also lifted the curtain on Digiworld’s intention to venture into other product segments to realise the target of reaching a market cap in the billion-dollar range. “If there was a plant assembling Xiaomi products in Vietnam, the tariff barrier would disappear, providing the bedrock for us to break into this up-and-coming segment. This will be the answer for the question how Digiworld would attain an annual growth pace averaging 25 per cent in the upcoming decade,” said Viet. On the sidelines of Digiworld’s annual general meeting (AGM), Viet said that the company will be making an official foray into the …

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/ April 13, 2021

Semiconductor crisis forces top-level action

Semiconductor crisis forces top-level action. Source: freepik.com The world’s semiconductor industry sales hit $40 billion for the month of January – a rise of 13.2 per cent on-year, revealed the Semiconductor Industry Association. Now, consumers are having to deal with price hikes and a lack of products from automobiles and videogames to TVs and smartphones as a global shortage in semiconductors grows. The shortage in chips, the so-called “brain” within every electronic device, has been slowly getting worse since last year, according to The Guardian. Temporary delays in supplies as factories shut down due to the coronavirus pandemic caused initial issues. However, although production is somewhat back to normal, surges in the demand driven by new habits stemming from the pandemic is causing the situation to worsen. Mainly, a boom in sales of TVs and computers, the launch of brand new videogame consoles, and arrival of 5G-enabled mobile phones have all driven the demand. The crisis has even affected Apple, the biggest buyer of semiconductors at $58 billion annually. It was forced to delay the launch of the iPhone 12 by two months last year as a result of the shortage. “Chips are everything,” said Neil Campling, media and tech analyst at Mirabaud. “There is a perfect storm of supply and demand factors going on here. But there is a new level of demand that can’t be caught – everyone is in crisis and it is getting worse.” In possibly the most shocking development, Samsung – the world’s second-largest buyer of chips – last month said it might have to postpone the launch of a high-end smartphone, despite also being the world’s second-largest producer of chips. “It is incredible that Samsung sells $56 billion of semiconductors to others, and consumes $36 billion of them itself, finds it may have to delay the launch of one of its own products,” said Campling. Ford meanwhile recently cancelled shifts at two car plants and said profits could be hit by up …

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