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Viet Nam's small- and medium-sized enterprises (SMEs) need fintech services for development in the future. — Photo baochinhphu.vn Viet Nam needs to develop financial technology (fintech) services for small- and medium-sized enterprises (SMEs), according to experts. "Existing innovative digital financial services for SMEs have not yet been systematically formed. Meanwhile, these enterprises always need more and more accessible financial services with low cost and a variety of products," said Bui Huy Nhuong, vice rector of the National Economics University. Therefore, innovative financial services for SMEs need to be studied to develop not only for fintech startups but also for traditional financial institutions and technology companies. Dr Luong Thai Bao, executive director of the Bachelor of Financial Technology Programme at the National Economics University, said that Viet Nam had a large number of SMEs, while it also has a high IT application index in the region. SMEs … [Read more...] about Viet Nam needs to develop fintech services for SMEs

Mobile malware in Viet Nam increased by nearly 46.9 per cent in 2021. — Photo courtesy of Kaspersky Along with a surge in the number of mobile phone users accessing the Internet, there has been an increase in the number of mobile malware targeting Vietnamese users, according to the global cybersecurity company Kaspersky. According to the Digital 2022 report conducted by We Are Social, the number of mobile phone users accessing the Internet grew by 147 per cent year-on-year last year. Kaspersky, meanwhile, reported that it detected and prevented a total of 43,171 mobile attacks targeting Vietnamese users last year, 46.9 per cent higher than in 2020. Trojan is the most common threat in Viet Nam. While Viet Nam and Thailand saw growth in the number of malware attacks, the rest of Southeast Asia observed a downward trend in the number of attacks on mobile users thanks in part to Kaspersky’s efforts to block more than 2,000 mobile malware per day. Specifically, Indonesia … [Read more...] about Mobile malware up in Viet Nam

Young Vietnamese people at a KOCCA's event. — Photo courtesy of KOCCA Việt Nam HÀ NỘI — The Korea Content Creation Agency (KOCCA) in Việt Nam will organise a series of cultural-entertainment events this year to commemorate the 30th anniversary of the establishment of diplomatic relations between the two countries, according to Hong Jeong Yong, director of KOCCA Việt Nam. Two cultural events scheduled to take place in July are the Korean Animation Festival and Korean Culture Days in Việt Nam. KOCCA will also release its annual Hallyu (Korean wave) report at the same time. In August, Hồ Chí Minh City and Đà Nẵng will host the K-pop competition's qualifying competition. In October, KOCCA will release a white book on video games. In November, the Hallyu Expo, the highlight of a series of events commemorating the 30th anniversary of the establishment of diplomatic relations between the two countries, will feature several … [Read more...] about Korea, Việt Nam to mark 30th anniversary of relations with cultural events

Việt Nam's small- and medium-sized enterprises (SMEs) need fintech services for development in the future. — Photo baochinhphu.vn HÀ NỘI — Việt Nam needs to develop financial technology (fintech) services for small- and medium-sized enterprises (SMEs), according to experts. "Existing innovative digital financial services for SMEs have not yet been systematically formed. Meanwhile, these enterprises always need more and more accessible financial services with low cost and a variety of products," said Bùi Huy Nhượng, vice rector of the National Economics University. Therefore, innovative financial services for SMEs need to be studied to develop not only for fintech startups but also for traditional financial institutions and technology companies. Dr Lương Thái Bảo, executive director of the Bachelor of Financial Technology Programme at the National Economics University, said that Việt Nam had a large number of SMEs, while it also has a high IT application index in the region. … [Read more...] about Việt Nam needs to develop fintech services for SMEs

Viet Nam has seen rapid growth in e-commerce in recent years, and demand for logistics services is growing commensurately. — Photo courtesy of J&T Express The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders. In its E-commerce White Book 2021, the Viet Nam E-Commerce and Digital Economy Agency said Viet Nam has the highest number of people shopping on e-commerce platforms in the Southeast Asia region at some 49.3 million. In the last two years, the country has seen both consumers and firms moving online, it said. Nguyen Ngoc Dung, president of the Vietnam E-commerce Association, said there has been a boom in e-commerce since the pandemic began. More than 70 per cent of the population have access to the internet and nearly 50 per cent shop online, he said. The online shopping boom has offered opportunities as well as challenges to the logistics industry, … [Read more...] about Explosive e-commerce growth drives demand for logistics

Australian foreign minister Penny Wong is welcomed by her Vietnamese counterpart Bùi Thanh Sơn on Monday. — VNA/VNS Photo Lâm Khánh HÀ NỘI — Vietnamese foreign minister Bùi Thanh Sơn on Monday welcomed his Australian counterpart Penny Wong on her official visit to Việt Nam. Việt Nam is the first Southeast Asian country Wong paid a visit to after assuming the Australian Minister of Foreign Affairs position. Congratulating Australia on its success in the federal election and COVID-19 vaccination campaign, Minister Sơn believes that Wong’s visit will further promote the strategic partnership between the two countries. Việt Nam and Australia will soon commemorate the 50th anniversary of the establishment of their diplomatic relations in 2023. The Vietnamese foreign minister also expressed his gratitude to the Australian government for their prompt support in providing COVID-19 vaccines and medical equipment for Việt Nam, particularly the 14.4 million doses for children, which … [Read more...] about Concrete actions are important to shared prosperity: Australian foreign minister

National Assembly Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér sign a new cooperation agreement between the two parliaments in Budapest on Monday. — VNA/VNS Photos Doãn Tấn BUDAPEST — A new cooperation agreement between Việt Nam and Hungary’s national assemblies was assigned by National Assembly (NA) Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér in Budapest on Monday. The document was signed after the two officials spoke at the Hungarian Parliament building, which was part of Huệ’s official visit to the country. The agreement was based on the comprehensive partnership between the two countries, and the cooperation agreement signed between the two national assemblies in 2008. It aims to strengthen the partnership and multifaceted cooperation between Việt Nam and Hungary based on the principles of equality, mutual benefit, mutual respect, compliance with each country's laws, and adherence to international treaties. With the new … [Read more...] about VN, Hungary’s parliaments sign new cooperation agreement

Children in Hà Nội get vaccinations against COVID-19. More than 229.8 million shots of COVID-19 vaccines have been administered across the country so far. —VNA/VNS Photo HÀ NỘI — There were additional 637 new COVID-19 infections recorded across Việt Nam on Monday with no deaths. The new figure brings the total number of cases in the country to 10,744,085. All of the new transmissions were domestic. Hà Nội again topped the country with 188 new cases. The remaining infections were recorded in Hải Phòng (64), Đà Nẵng (62), Yên Bái (31), Quảng Ninh (21), Hải Dương (21), Lào Cai (19), Phú Thọ (19), HCM City (14), Vĩnh Phúc (13), Hưng Yên (12), Thái Bình (12), Thái Nguyên (12), Lạng Sơn (11), Hòa Bình (11), Bắc Kạn (10), Nghệ An (10), Sơn La (9), Quảng Bình (9), Điện Biên (8 ), Tuyên Quang (8 ), Cao Bằng (8 ), Quảng Ngãi (7), Hà Nam (7), Quảng Trị (6), Thanh Hóa (6), Bắc Giang (6), Ninh Bình (5), Hà Giang (5), Nam Định (5), Bình Dương (5), Lâm Đồng (4), Hà Tĩnh (2), Gia Lai (2), … [Read more...] about Over 600 new COVID cases reported on Monday

Party General Secretary Nguyễn Phú Trọng held phone talks with President of the Cambodian People’s Party (CPP) Samdech Techo Hun Sen on Monday. — VNA/VNS Photo HÀ NỘI — Party General Secretary Nguyễn Phú Trọng holds phone talks with President of the Cambodian People’s Party (CPP) Samdech Techo Hun Sen on Monday on the occasion of the 71st anniversary of the founding of the CPP and the 55th anniversary of diplomatic relations between the two countries. Party leader Trọng congratulated the Cambodian Party for leading the Cambodian people to reap great and important achievements in many fields over the past 71 years. He also congratulated Cambodia for successfully organising the 2022 communal elections, in which the CPP gained victory, demonstrating the role and position of the CPP under the leadership of President Hun Sen. He expressed his belief that under the wise reign of Cambodian King Norodom Sihamoni and the leadership of the Senate, the National Assembly, and the … [Read more...] about Party chief holds phone talks with his Cambodia counterpart

Students do research in a lab at the Việt Nam National University in HCM City. — Photo courtesy of the university HCM CITY — HCM City will need to promote the application of Artificial Intelligence (AI) in the education sector as part of its effort to become a smart city by 2030, experts said. Education is among 10 key sectors on which the city has focused to develop its digital economy, in addition to healthcare, transportation, finance-banking, tourism, agriculture, logistics, environment, energy, and human resources. The city has assigned its Department of Education and Training to implement a project to develop human resources for AI through education and training, focusing on research and development of technologies using AI. The project will also enhance academic links with foreign AI professionals. The city hosts a number of universities and science research institutes, especially the Việt Nam National University, which focus on training and research in AI to build an … [Read more...] about HCM City to promote AI in education sector