In a remarkable turn for a company that has long touted its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9% of its roughly 300,000-strong corporate workforce. The latest cuts focus on Amazon's highly-profitable cloud and advertising divisions, once seen as untouchable until economic concerns led business customers to scrutinize their spending. The layoffs will affect Amazon's streaming unit Twitch as well. Dan Clancy, who was named as CEO of Twitch last week, said the platform will lay off more than 400 employees. Amazon aims to finalize whom it will terminate in the new round of job cuts by April. The company's stock fell 1.8%. The decision follows a near-endless drumbeat of layoff news in the technology sector that has seen some of the world's most valuable corporations, among them Microsoft Corp and Alphabet Inc, sever ties with staggering numbers of employees they once courted in droves. "I don't think this means much for … [Read more...] about Amazon deepens tech-sector gloom with another 9,000 layoffs
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Vietnamese teen earns perfect SAT score
Hoang Vuong Lam Bach, an 11th grader at Hanoi-Amsterdam High School for the Gifted, took the exam on March 11 and got the result Friday - 800 for Math and 800 for Evidence-Based Reading and Writing. Bach is one of a few examinees worldwide to get a perfect SAT score. According to the College Board, an American nonprofit organization that administers the SATs (Scholastic Assessment Test), only 8% of Asian examiners scored 1400 and above last year, while those scoring 1480 and above were among the 1% top scorers in the world. "I could not believe it," Bach said after receiving his scores. "I was very scared in the exam room because it was my first time taking the SAT," he said. Bach said he prepared for the test from December last year. He once scored 1590 in a mock test but was not confident with the real test as it was computer-based and had some differences compared to his paper-based lessons. The test duration was 134 minutes instead of 180 minutes and the question … [Read more...] about Vietnamese teen earns perfect SAT score
Sa Huynh Civilisation relic site in Quang Ngai earns special national status
Tran Hoang Tuan, Standing Vice Chairman of the provincial People's Committee, speaks at the event. (Photo: VNA) Quang Ngai (VNA) – The Sa Huynh Civilisation relic site in Duc Pho township of the central province of Quang Ngai has earned a special national status as recognised by the Prime Minister recently. The provincial People’s Committee held a ceremony on March 24 to receive the special national relic site certificate. Tran Hoang Tuan, Standing Vice Chairman of the People’s Committee, said that in 1909, French archaeologist M.Vinet discovered antiquities of the Sa Huynh Civilisation. These ancient artifacts first appeared about 3,000 years ago and ended in the first century AD. Through different excavations, archaeologists continually found traces of a civilisation, including about 500 burial jars containing many accompaniments, across the coastal central, southeastern, and Central Highlands regions. Among those localities, Quang Ngai is considered the cradle … [Read more...] about Sa Huynh Civilisation relic site in Quang Ngai earns special national status
Biggest-ever US business delegation comes to Vietnam to seek investment opportunities
A mission, including 52 businesses from the U.S., is scheduled to visit Vietnam this week to learn about the local market and seek business and investment opportunities. This is the largest-ever U.S. business mission to Vietnam. Ted Osius, president and CEO of the U.S.-ASEAN Business Council (USABC), told Tuoi Tre (Youth) newspaper on Monday that these U.S. firms will meet with the Vietnamese prime minister, National Assembly chairman, and ministers. Amazon is among the U.S. enterprises coming to Vietnam this week. Photo: Reuters Learning about Vietnam’s digital, green transformation potential According to Osius, USABC members stressed at a meeting with Vietnamese Prime Minister Pham Minh Chinh during his visit to the U.S. on the occasion of the ASEAN-U.S. Special Summit in May 2022 that they considered Vietnam a strategic market in the region and were committed to making investments in Vietnam and cooperating with Vietnamese partners for a long term. … [Read more...] about Biggest-ever US business delegation comes to Vietnam to seek investment opportunities
SpaceX, Netflix, Boeing to join ‘biggest-ever’ US business mission to Vietnam
SpaceX, Netflix and Boeing are among the companies joining the "biggest-ever" U.S. business mission to Vietnam next week to discuss investment and sales opportunities in the booming Southeast Asian nation, the organizer said. More than 50 companies, including defence, pharmaceutical and tech firms, will participate in the mission organized by the US-ASEAN Business Council, an industry body, according to a list seen by Reuters. The delegation is a sign of rising interest in the global manufacturing hub, which is benefiting from a shift away from China amid Sino-U.S. trade friction. Vietnam, with a population of 100 million people, also has a rapidly-growing consumer market as its middle class expands. "This is the biggest-ever mission in Vietnam," said Vu Tu Thanh, the US-ASEAN Business Council's representative in the country, noting that the body had been organising these events for three decades. Streaming giant Netflix, which Reuters last month reported was planning to … [Read more...] about SpaceX, Netflix, Boeing to join ‘biggest-ever’ US business mission to Vietnam
ASEAN tourism ministers approve MICE professional standards
The approval of ASEAN Mutual Recognition Arrangement on Tourism Professionals (ASEAN MRA on TP) for MICE Professionals and Event Professionals was made during the 26th Meeting of ASEAN Tourism Ministerial in Yogyakarta, Indonesia. The professional standards of these two categories become effective in all member countries. President of Thailand Convention & Exhibition Bureau (TCEB) Chiruit Isarangkun Na Ayuthaya stated that ASEAN member countries have always jointly prioritized professional development. Since 2012, the ASEAN MRA on TP has been developed as the collective operational plan for ASEAN countries, applicable in two fields - Hotel Services and Travel Services. Later in 2021, the ASEAN Tourism Ministers agreed upon the amendments of such arrangement by including two more categories - MICE Professionals and Event Professionals - as a means to upgrade and expand the cooperation in the facilitation for the mobility of ASEAN professionals in tourism and MICE industries. … [Read more...] about ASEAN tourism ministers approve MICE professional standards
Vietnamese man wanted by FBI for allegedly engaging in $3bn Bitcoin laundering
The Federal Bureau of Investigation (FBI) under the United States Department of Justice is hunting for Minh Quoc Nguyen, a Vietnamese national, for his alleged involvement in the laundering of US$3 billion worth of Bitcoin. Minh Quoc Nguyen is wanted for his alleged direct involvement in stealing identities and engaging in money laundering activity in furtherance of obfuscating and facilitating the functionality of the ChipMixer service, the FBI said on its website. Through the conduct, he allegedly facilitated the laundering of $3 billion worth of Bitcoin. The U.S. Department of Justice also confirmed the charges against Minh Quoc Nguyen, accusing him of flouting financial regulations. He used to tell users of a Bitcoin forum, “Money laundering is a crime made-up by governments that spy on their citizens." According to the FBI, Minh Quoc Nguyen was born in 1973 in Quang Binh Province, north-central Vietnam. He used many aliases, including Minh Nguyen Quoc, Quoc-Minh … [Read more...] about Vietnamese man wanted by FBI for allegedly engaging in $3bn Bitcoin laundering
Viet Nam posts 78.9 per cent growth in coffee export value to Spain
The market share of Vietnamese coffee in Spain's total imports from the global market accounted for 30.16 per cent in 2022. — Photo laodong.vn Viet Nam was Spain's largest supplier of coffee (by volume) in 2022, with 113,550 tonnes worth 269 million euros (US$287 million), up 21.6 per cent in volume and 78.9 per cent in value against 2021. The Ministry of Industry and Trade (MoIT)'s Import-Export Department cited statistics from the Statistical Office of the European Communities (EUROSTAT) as saying that the market share of Vietnamese coffee in Spain's total imports from the global market accounted for 30.16 per cent in 2022. Statistics compiled by the department indicate that Viet Nam exported 342,300 tonnes of coffee in the first two months of the year, earning $745.28 million, down 7 per cent in volume and 9.5 per cent in value year-on-year. In February alone, the country shipped abroad over 200,000 tonnes of coffee worth $434.9 million to foreign markets, up 40.3 per cent … [Read more...] about Viet Nam posts 78.9 per cent growth in coffee export value to Spain
Kaspersky launches XDR platform to combat targeted ransomware in Viet Nam
Kaspersky launches Kaspersky Extended Detection and Response platform to combat targeted ransomware in Viet Nam in HCM City earlier this week. — Photo courtesy of the firm Kaspersky unveiled its Kaspersky Extended Detection and Response platform which aims to mitigate the costly threat of targeted ransomware for businesses in Viet Nam in HCM City earlier this week. Ransomware – the malware that locks a device or files – continues to evolve in quality and quantity. Last year, the global cybersecurity company noted the almost two-fold (181 per cent) increase in ransomware encountered daily, which translates to 9,500 encrypting files per day globally. The malicious actors behind these attacks also continue to sharpen their tactics and tools to earn more. There has been a rise of targeted ransomware groups who have added other extortion methods – reselling the data or files they have hacked, conducting DDoS attacks against their victim or the victim’s customers, or using the same … [Read more...] about Kaspersky launches XDR platform to combat targeted ransomware in Viet Nam
The slum in the heart of Saigon
Vo Thi Cam Thoa lives with 11 other family members in a house measuring just 15 square meters in the Alley of 245 Nguyen Trai Street in Ma Lang. Ma Lang is a 6.8-hectare (16.8-acre) area in District 1 bounded by Nguyen Trai, Cong Quynh, Nguyen Cu Trinh, and Tran Dinh Xu streets. Before 1975 it used to be a cemetery. That changed in 1980-82 when people who had left for new economic zones in rural and mountainous areas returned to the city due to extreme poverty there. Many of them settled in Ma Lang in makeshift tents and houses. In the late 1990s and early 2000s the neighborhood became notorious for drugs, and the name Ma Lang became synonymous with some of the most feared gangsters in HCMC. It now has 530 tenements each measuring less than 20 square meters, which house street vendors, scrap collectors, motorbike taxi drivers, masons, and all types of workers who earn a living by doing manual jobs. … [Read more...] about The slum in the heart of Saigon