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Internet speed to remain sluggish until New Year

· December 14, 2019 ·

Repair work on the disaster-prone Asia America Gateway (AAG) undersea cable is expected to be completed on January 2, according to the Ministry of Information and Communications. A local internet service provider said a repair ship will arrive at the AAG location, the S1H branch, at 6 p.m. on December 28, 2019. The first weld will be conducted at 2 a.m. on December 30 and the final operation is expected to be done at 5 a.m. on January 1, 2020. But experts expect normal internet speed won't be restored until 8 a.m. January 2 for everything to be linked back again. In the latest breakdown, the S1H branch, about 163 km off the beach town of Vung Tau in southern Vietnam, was first reported damaged at 5 p.m. on November 14. This has resulted in slower internet speeds in the section between Saigon and Hong Kong. Connected in November 2009, the $560-million AAG cable handles more than 60 percent of Vietnam’s international internet traffic. The system is more than 20,000 kilometers … [Read more...] about Internet speed to remain sluggish until New Year

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HCM City hopes for IMF’s further support

· March 16, 2018 ·

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan (R) hosts Alex Mourmouras, Chief of the IMF’s Asia and Pacific Department (Photo: VNA)   HCM City (VNA) – Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan expressed his wish that the International Monetary Fund (IMF) will continue support for the city in addressing issues arising from the urban development. While receiving Alex Mourmouras, Chief of the IMF’s Asia and Pacific Department, on March 16, Nhan said HCM City is facing difficulties in preparing capital resources for urban infrastructure building. Defining the private sector’s engagement in transport infrastructure development as a need, the city wants to get IMF help in organising seminars and studies related to public-private partnership (PPP), he said. Sharing the plan to develop HCM City into a smart city and an economic-financial hub of the country and the region, he suggested the IFM provide … [Read more...] about HCM City hopes for IMF’s further support

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