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“Today’s announcement is our most significant investment in the 26 years we have been established here,” said Jean-Philippe Courtois, Executive Vice President and President, Microsoft Global Sales, Marketing and Operations at the virtual DevCon 2021.  “I am delighted that we are helping to empower Indonesia to realise its vision to lead the region’s digital transformation.” With the new datacentre region, Indonesia will join the world’s largest cloud infrastructure with over 60 datacentre regions announced to date. The Indonesian datacentre region will deliver trusted cloud services locally, with world-class data security, privacy, and the ability to store data in country, according to Microsoft. “From e-commerce to agriculture, Indonesian businesses across all sectors are gaining a digital advantage with the agility, security and scale offered by Microsoft’s cloud services,” Courtois said. Businesses of all sizes and industries will have access to Microsoft Azure at launch, which enables anyone to invent with purpose using cloud services and capabilities that span computing, networking, databases, analytics, artificial intelligence, and Internet of Things (IoT). Indonesian Minister of Communication and Information Johnny G. Plate said his ministry welcomes Microsoft’s plans to establish a local datacenter region as well as its commitment to increase the capacity of Indonesian digital talent across all skill levels. President Joko Widodo also appreciated Microsoft's collaboration with the digital community to strengthen the digital transformation among Indonesia's young people. He further noted that digital transformation is the key to surviving the COVID-19 pandemic as it helps people work more quickly and efficiently, even in the midst of limited interactions. He said the acceleration of digital transformation cannot be done by the government alone, but it requires participation from the digital community through investment in datacentre …

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Việt Nam continues successful economic story. — VNA/VNS Photo BERLIN — Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Việt Nam, which emphasises that the Southeast Asian country is continuing its successful economic story after its good performance in controlling the COVID-19 pandemic. The article quotes the latest country study of Credendo, saying that Việt Nam has been one of the few highly resilient countries during the unprecedented COVID-19 shock. The swift, strict and very effective containment of the virus after the outbreak in neighbouring China largely explains this, it says, noting that an early travel ban, testing and wide-scale contact tracing on top of the containment measures have helped keep the virus under control. While most countries were severely hit and hindered by the economic impact of the virus, Việt Nam’s economy continued to operate at a good albeit slower pace despite an initial high level of business disruption, it says. Credendo's study shows that in 2020, Việt Nam had exceptional economic performance while advanced and emerging economies in all the world’s regions have suffered a record recession. The study says for Việt Nam, the global demand slump was more than offset by the strong global demand for medical products, electronics and computers resulting from the COVID-19 crisis. Hence, exports of goods grew last year. Increased public investments in infrastructure also played a significant role in supporting economic activity. A more accommodative monetary policy – including the State Bank of Việt Nam’s policy interest rate cut from 6 per cent to 4 per cent – brought an extra stimulus. According to Credendo, Việt Nam remains largely immune to the further waves of the virus that are currently affecting many parts of the world. Hence, the Vietnamese authorities will take time to vaccinate the population. Việt Nam is confidently looking ahead to …

[Read more...] about Credendo: Việt Nam continues successful economic story beyond a contained pandemic

Viet Nam continues successful economic story. — VNA/VNS Photo Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Viet Nam, which emphasises that the Southeast Asian country is continuing its successful economic story after its good performance in controlling the COVID-19 pandemic. The article quotes the latest country study of Credendo, saying that Viet Nam has been one of the few highly resilient countries during the unprecedented COVID-19 shock. The swift, strict and very effective containment of the virus after the outbreak in neighbouring China largely explains this, it says, noting that an early travel ban, testing and wide-scale contact tracing on top of the containment measures have helped keep the virus under control. While most countries were severely hit and hindered by the economic impact of the virus, Viet Nam’s economy continued to operate at a good albeit slower pace despite an initial high level of business disruption, it says. Credendo's study shows that in 2020, Viet Nam had exceptional economic performance while advanced and emerging economies in all the world’s regions have suffered a record recession. The study says for Viet Nam, the global demand slump was more than offset by the strong global demand for medical products, electronics and computers resulting from the COVID-19 crisis. Hence, exports of goods grew last year. Increased public investments in infrastructure also played a significant role in supporting economic activity. A more accommodative monetary policy – including the State Bank of Viet Nam’s policy interest rate cut from 6 per cent to 4 per cent – brought an extra stimulus. According to Credendo, Viet Nam remains largely immune to the further waves of the virus that are currently affecting many parts of the world. Hence, the Vietnamese authorities will take time to vaccinate the population. Viet Nam is confidently looking ahead to continue the country’s …

[Read more...] about Credendo: Viet Nam continues successful economic story beyond a contained pandemic