Cyber threat management framework

Tables show the incidence of malware detected in six countries in Southeast Asia. — Source Kaspersky There was a huge jump in the number of threats targeting small and medium-sized businesses (SMB) in Việt Nam in the first half of the year, global cybersecurity and digital privacy company Kaspersky has said. According to the latest statistics from Kaspersky Security Network (KSN), until May some 1,120 SMB employees encountered malware or unwanted software disguised as business applications. Of them, 710 got distributed. The number of threats targeting SMBs it detected and blocked increased from 1,240 in H1 2022 to 25,194 in H1 this year, Kaspersky said. Malware, an umbrella term for “malicious software”, is designed by and for professional cybercriminals to cause harm to a user’s device or network. It encompasses a variety of cyberthreats such as Trojan and other viruses (ransomware is a form of malware). Malware attacks are destructive to small businesses as they can cripple … [Read more...] about Cybersecurity threats on the rise in Việt Nam’s SMB sector: reports

Vietnam Prosperity Bank's staff offer clients consultation. — Photo vietnamplus.vn Over the past decade, Việt Nam has seen a remarkable surge in personal financial assets (PFA) that outpaces many other Asian countries. This robust economic environment has created a significant demand for specialised wealth management services, tailored to the diverse financial aspirations of retail customers. A recent projection by McKinsey & Company has indicated that by 2027, Việt Nam's PFA market will reach approximately US$600 billion, growing annually at a rate of 11 per cent from its 2022 baseline of around $360 billion. This growth encompasses a significant increase in managed wealth assets within the industry, presenting an estimated additional $65 billion to $75 billion in opportunities for institutions. These opportunities are poised for equal distribution across both affluent and high-net-worth individual (HNWI) segments, making it a tantalising prospect for wealth management … [Read more...] about Unleashing the potential of Việt Nam’s wealth management market

The Vietnam Prosperity Bank's staff offer clients consultation. (Photo: VNA) Hanoi (VNS/VNA) - Over the past decade, Vietnam has seen a remarkable surge in personal financial assets (PFA) that outpaces many other Asian countries. This robust economic environment has created a significant demand for specialised wealth management service s, tailored to the diverse financial aspirations of retail customers. A recent projection by McKinsey & Company has indicated that by 2027, Vietnam's PFA market will reach approximately 600 billion USD, growing annually at a rate of 11% from its 2022 baseline of around 360 billion USD. This growth encompasses a significant increase in managed wealth assets within the industry, presenting an estimated additional 65 billion USD to 75 billion USD in opportunities for institutions. These opportunities are poised for equal distribution across both affluent and high-net-worth individual (HNWI) segments, making it a tantalising … [Read more...] about Unleashing potential of Vietnam’s wealth management market

It’s necessary to adopt lessons learned and work closely with local governments to ensure a decrease in deaths going forward. Vietnam needs to prioritize the management of dog populations to end human deaths from dog-mediated rabies in the country which the viral disease claims between 70 and 100 lives per year. Dog vaccination in Vietnam. Photo: Quoc Khanh/VNA The call was made in response to World Rabies Day on September 28 by leading global public health organizations namely The World Health Organization (WHO) in Vietnam, the Food and Agriculture Organization of the United Nations (FAO) in Vietnam, the US Agency for International Development (USAID), and the United States Centers for Disease Control and Prevention (US CDC). The country also needs to increase resources for the vaccination of dogs and provision of post-exposure prophylaxis for those bitten by dogs. Rabies is a rare but very serious infection that affects the brain and nerves. It almost … [Read more...] about Vietnam urged to manage dog populations to end rabies-caused human deaths

Photo Le Toan Just a week after Vietnam and the US elevated their bilateral relations to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh paid a working trip to the US to attend the 78th session of the UN General Assembly where he underlined Vietnam’s contributions and commitments to the UN’s activities, and met with UN Secretary-General António Guterres. In the US, he also met with US Vice President Kamala Harris, leaders of the US Congress, the national security advisor, and several members of the US cabinet. He also visited the New York Stock Exchange where he knocked the gavel to open a trading session. He underlined the need for both nations to focus on materialising the new cooperation framework into specific strategies, projects, and business cooperation. Noting priorities to be implemented, the PM said both nations must continue to prioritise resources for realising commitments in the joint leaders’ statement on elevating US-Vietnam relations. … [Read more...] about More consideration lent to US investment

Kuala Lumpur (VNA) – Malaysia’s Investment, Trade and Industry Minister Tengku Zafrul Aziz has stressed that supporting Malaysian small and medium-sized enterprises (SMEs) is vital as the global supply chains are shifting to the Association of Southeast Asian Nations (ASEAN). The minister said ASEAN is set to become not just the world's factory but also a significant consumer base. The 10 ASEAN nations are already home to more than 678 million people, with a combined Gross Domestic Product ( GDP ) of about 3.7 trillion USD last year, he said, adding that as a bloc, ASEAN is the fifth-largest economy in the world, with a middle class of roughly 350 million, representing 300 billion USD of disposable income. Last year, Tengku Zafrul said that when the global Foreign Direct Investment (FDI) fell by 12%, FDI into ASEAN went up by 5%, and its share of global FDI rose to an all-time high of 17%. According to the official, SMEs' survival in local supply chains could help them … [Read more...] about Malaysia support SMEs to tap supply chains shifting to ASEAN

Phan Van Son, director of General Department under the Commission for Management of State Capital at Enterprises In Vietnam’s quest for economic prosperity, the Commission for Management of State Capital at Enterprises (CMSC) stands out as a sentinel overseeing the ownership in 19 pivotal state-owned enterprises (SOEs), each playing diverse roles across 16 varied sectors. According to Phan Van Son, director of General Department at the CMSC, the journey, while dotted with accomplishments, has many challenges. “The commission acts as a dedicated agency, symbolising state ownership in enterprises, rendering them guardians of state assets,” said Son. According to Son’s presentation at VIR ’s seminar titled 'Looking Back and Moving Forward' on September 26, by 2022, these 19 SOEs have witnessed a surge in their consolidated total capital and assets, touching $48.7 billion and $105.2 billion respectively, reflecting a substantial 63 per cent of total state ownership capital and … [Read more...] about CMSC navigates reforms and challenges at SOEs

During the dialogue, the two head delegates evaluated that on the basis of the outcomes of the previous dialogue in 2022, such fields as settlement of war legacy, U.N. peacekeeping, humanitarian assistance and disaster relief, navigation security, defense industry, cyber security, military medicine have been carried out as planned and reaped positive results. Among them, the cooperation in addressing war legacy has continued to be a pillar and a bright spot in the bilateral relations, helping build trust and strengthen mutual understanding between the two sides, raising the significance of the celebration of the 10th anniversary of Vietnam - U.S. comprehensive partnership (2013 - 2023). On behalf of the Vietnamese Ministry of National Defense (MND), Gen. Chien thanked the U.S. side for officially increasing the non-refundable aid for the Bien Hoa airport dioxin cleanup project from USD 183 million to USD 300 million according to the Limited Scope Grant Agreement (LSGA) on the project … [Read more...] about Vietnam, U.S hold defense policy dialogue 2023

Southern Vietnam’s Ho Chi Minh City and the northeastern American city of New York signed a memorandum of understanding to establish the twinning relationship at a ceremony in New York on Friday. The signing was made between Phan Van Mai, chairman of the Ho Chi Minh City administration and New York Mayor Eric Adams, in the presence of Vietnamese Prime Minister Pham Minh Chinh, who are in the U.S. city to attend the General Debate of the 78th session of the United Nations General Assembly. This MoU on twinning ties “is of great significance to both cities” as the two countries have recently upgraded their bilateral relations to a comprehensive strategic partnership, Mai told Tuoi Tre (Youth) newspaper. “This is not only symbolic but also demonstrates a strong commitment to promoting comprehensive, substantive and effective cooperation between the two countries at all levels,” Mai commented. “I hope the sister relationship will serve as a solid and favorable foundation for … [Read more...] about Ho Chi Minh City, New York set up twinning ties to foster cooperation

Prime Minister Pham Minh Chinh (R) and US National Security Advisor Jake Sullivan. (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh has proposed relevant agencies of Vietnam and the US work together to complete new cooperation frameworks to lay a foundation for the two sides further promote and deepen bilateral cooperative relations, especially in the strategic fields of science-technology; innovation, green growth; sustainable and green energy transition; response to climate change; and cyber security. PM Chinh, who has been in New York to attend the high-level week of the 78th session of the United Nations General Assembly, made the suggestion while hosting a reception for US National Security Advisor Jake Sullivan on September 20. The move aims to realise the outcomes of the recent state visit to Vietnam by US President Joe Biden, he said, hailing the US National Security Council’s support to bolster the Vietnam – US relations over the past years. The PM … [Read more...] about PM receives US National Security Advisor in New York