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Foxconn Chairman Liu Young-way told the company's annual shareholders meeting the firm remained cautious about this year due to monetary policy tightening, geopolitical tensions and uncertainty over inflation, but servers were a bright spot due to surging interest in AI. "More and more people are using ChatGPT," he said. "You can see the market for AI servers will rise much faster than expected. We expect that in the second half of this year there may be a three digit increase." The Taiwanese company has a 40% global market share for servers and aims to further increase that, Liu added. In the first quarter, Foxconn's cloud and network products segment, which includes servers, accounted for 22% of revenue, second only to smart consumer electronics - which includes smartphones - at 56%. Foxconn this month posted a 56% plunge in first-quarter net profit, lagging forecasts in its biggest quarterly fall in three years, and said visibility for the full year was "limited". The … [Read more...] about Foxconn sees AI driving strong server demand, but full year to be flat

A campaign has been launched in Thu Duc city and districts in the southern largest economic hub to peel off illegal leaflets posted on walls and poles along local streets. (Photo: VNA) HCM City – Police in Ho Chi Minh City have taken various measures to combat loan sharks, and their efforts have paid off. A campaign has been launched in Thu Duc city and districts in the southern largest economic hub to peel off illegal leaflets posted on walls and poles along local streets, which contain advertisements for quick loans with low interest rates, ensnaring locals in never-ending debt traps. By VNA … [Read more...] about HCM City ramps up efforts to crack down on loan sharks

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software. The corporation’s Technical Support Centre has also received hundreds of calls, asking for assistance in handling data encryption malware. Recently, its virus monitoring system detected a data-encrypting malicious code called “STOP/DJVU” or “FARGO3” that targets businesses and units using accounting data management software to steal data. According to statistics, more than 260 servers have been compromised from more than 6,000 different Internet Protocols (IPs). Notably, out of hundreds of cases contacting Bkav for help, more than 50% do not use anti-virus software, or install computer protection applications or software that are not strong enough. In particular, many units have a large volume of important data but use free anti-virus software, so the protection effect is not … [Read more...] about Over 77,000 computers in Vietnam suffer data encryption in 7 months: Bkav

Nguyen Cam Loan in Ho Chi Minh City was frustrated after her recent trip to Phu Quoc for the Reunification Day and May Day (April 30-May 1) holidays. When using a taxi to take her family to a local restaurant, she was enthusiastically introduced by the driver to a rice pot restaurant. However, a meal for four people with regular dishes, including rice, boiled vegetables, braised fish and braised meat, cost nearly VND1.3 million ($55.39). She then complained to the taxi driver who took her family to the restaurant to no avail. Incensed, Loan said drivers should only recommend eateries based on quality, otherwise both drivers and restaurants "will lose customers in the future." Once a popular tourist hotspot for its famed pearls and scenery, Phu Quoc has been shunned by travelers recently. In addition to high airfares, exorbitant service prices have made the island lose much of its charm in the eyes of many tourists. Phu Quoc officials have said that food services in Phu Quoc … [Read more...] about Taxi commissions raise Phu Quoc restaurant prices

The green funds to Viet Nam will be more abundant in the next few years on the back of the Just Energy Transition Partnership launched in December 2022. — Photo kinhtevadubao.vn The growing availability of green funds has exposed the need for professional institutions in Viet Nam to take charge of the green money granted to the country, according to insiders. Former head of the Banking Strategy Institute Pham Xuan Hoe said that green funds to Viet Nam will be more abundant in the next few years on the back of the Just Energy Transition Partnership launched in December 2022. At least US$15.5 billion initiated by the partnership will come in the form of preferential loans for three to five years to support the country's energy transition. The EU and the UK also got in on the act with committed assistance of $7.8 billion. Given the growing availability of green funds, Hoe called for a professional institution to manage the green money delivered to the country. He stressed that … [Read more...] about Green funds prompt need for fund-managing institution: insiders

Since last October, Pham Manh Hung has been struggling to feed his five-member family. Hung has been forced into a reduction of working hours, while his wife last worked for an apparel company in Hanoi almost a year ago. For most of 2022, all 1,500 workers at Hung’s company in Hanoi’s Quang Minh Industrial Park (IP), producing furniture products exported to Europe and Japan, operated at full speed with many export orders coming from foreign partners. Prolonged economic difficulties will inevitably mean that some people will be squeezed out of work, photo Le Toan “However, over the past seven months, the company has landed only several orders. So its leadership has been seeking more markets for its products in order to create employment and retain workers,” Hung said. “They don’t want to let go of workers and instead reduce the working hours by two hours a day.” Meanwhile, his wife, Nguyen Thi Mo, had been working for a Japanese firm in the capital’s Thang Long IP … [Read more...] about Nation braced for dim job prospects

A range of projects across sectors have been given the go-ahead to crack on with development, photo Le Toan Nguyen Duc The, a private investor involved in real estate for many years, said that at present the market was in a strong phase, with choices for both buyers and sellers. Besides those who have had to leave the industry, there are also many who stayed due to good management of resources. “Many investors have turned away from high-risk products such as land plots or agricultural land in suburban areas to safer products such as town houses and apartments. They evaluate products not only in terms of cash flow, but also expect the ability to increase prices of each type. Products that serve real needs are in the sights of investors,” The said. Despite the difficult market, many investors with a solid financial background have not hesitated to launch new products with flexible payment policies such as splitting payments terms, interest support and big discounts to woo … [Read more...] about Prospects pick up within real estate market

The restrictions by China's cyberspace regulator against Micron are the latest in a widening trade dispute between the world's two largest economies. The move by China sparked tough language from key lawmakers and the White House. White House press secretary Karine Jean-Pierre told reporters on Tuesday the Chinese announcement on Micron was "not based in fact." The White House said the Commerce Department was "engaged directly" with China over Micron, a maker of memory chips that are essential for products from cell phones to data center servers. Senate Majority Leader Chuck Schumer, the top Senate Democrat, also said Tuesday he is talking to the broader business community and allies about the issue. A spokesperson for the Chinese Embassy in Washington did not immediately respond to a request for comment. A representative for CXMT could not be immediately reached for comment. A Commerce Department spokesperson declined to comment. Representative Mike Gallagher, an … [Read more...] about US lawmaker demands action against Chinese chip firm CXMT after Micron

On Tuesday, Variety revealed an exclusive promotional video featuring natural scenery at Son Doong, dubbed the "eighth wonder of the world," and a team of explorers studying the cave. Visitors tour Son Doong cave in central Vietnam's Quang Binh province. Photo by AFP "Deep in the jungle of central Vietnam lies an underground kingdom. Hang Son Doong, which translates as ‘mountain river cave’ is the largest cave passage in the world and a place of beauty," Variety said. According to the newspaper, the documentary tells the story of how local communities reacted to the plan of building a cable car system into the cave, which was proposed in 2004 and stirred controversy. "At its core, ‘A Crack in the Mountain’ is a lens through which to explore the challenges which modern day Vietnam faces," said Alastair Evans, director of the documentary. "As the clock ticks down and people around the world struggle to find that optimum balance point between environmental … [Read more...] about Son Doong Cave documentary releases promo video

Videos that have gone viral on social media showed Darja Tuschinski walk around dancers performing at the Saraswati Hindu temple in Ubud. The 28-year-old also tried to enter the shrine’s inner sanctum before being prevented by a security guard. The police said she had a squabble with staff members at the event before undressing and interrupting the dancers, Indonesia’s Antara news agency reported. She was sent to a psychiatric hospital in the town of Bangli after refusing to board a flight home. The police also said she failed to pay bills at several hotels during her stay on the island. Famous for its beaches and ancient temples, Bali has become a top tourist destination in recent years thanks to its generous visa policies. It has been cracking down on foreigners violating public order following a recent string of untoward incidents. Immigration authorities have deported 123 people in the first five months of this year, most of them for overstaying their visa. … [Read more...] about German tourist traipsing naked at Bali temple sent for psychiatric treatment