Factors promote national unity

Digital transformation is creating new development spaces – digital economy, digital society and e-government – based on rapid expansion of digital technologies such as artificial intelligence, Big Data, machine learning, deep learning, block chain, cloud computing and the Internet of Things. This process opens up a great opportunity for Vietnam to make breakthrough developments, quickly catching up with developed countries which have already started the transformation. The Vietnamese Government was pushing this process and digital enterprises – which adopt, transfer, study and develop products, platforms and solutions based on digital technology – would play a key role in the transformation process, the directive said. It asked Vietnamese digital firms to take the lead and create a breakthrough in the implementation of the “Made in Vietnam” strategy – an important policy which encourages Vietnamese enterprises to make … [Read more...] about PM signs directive to promote digital enterprises

New Delhi (VNA) – Nearly 40 Vietnamese enterprises in electricity and electronics as well as trade promotion organisations joined showcases at Elecrama 2018 at the India Expo Mart in Uttar Pradesh State of India from March 10-14. The biennial event covered 80,000 square meters and attracted 1,500 enterprises and organisations who brought various products, including machines, technology equipment and solutions for electricity production, transmission, distribution as well as electronics, renewable energy, automobile electricity, power storage and railway electricity. Along with showcase activities, Elecrama also included seminars, high-level meetings and thematic conferences on electricity and electronics, including the World Unity Summit Conference that allowed participants to meet policymakers, advisors, researchers and partners in their area. The ChangeXchange 2018 was a venue for producers and providers of power and electronic equipment, technology solutions and … [Read more...] about Vietnam attends electricity exhibition Elecrama 2018 in India

Vietnam, as a result, became a highlight, which drew attention from the international community and investors in the rather bleak context of the global economy overshadowed by the Sino-U.S. trade war. This soon led to developments that were favorable for the balance of foreign currency supply and demand from the basic activities in the economy, such as a trade surplus amounting to US$9.9 billion, remittances estimated at US$16.7 billion, and foreign investment disbursement set at US$20 billion and indirect investment at over US$4 billion. … [Read more...] about Peacetime in sight for the dong

The Vietnamese side  in the talks with the Cambodian delegation includes: Lieutenant General Phan Van Giang, member of the Central Committee of the Communist Party of Vietnam (CCCPV), permanent member of the CMC, Chief of the General Staff of the Vietnam People’s Army, Deputy Minister of National Defense; Senior Lieutenant General Nguyen Chi Vinh: member of the CCCPV, permanent member of the CMC, Deputy Minister of National Defense; and Major General Le Hien Van, Deputy Director of the General Department of Politics of the Vietnam People’s Army. … [Read more...] about Continuously nurturing the Vietnam – Cambodia friendship

The impact of global inflation on Vietnam’s economy may be unsubstantial. Since 2014, Vietnam’s inflation has been stable at under 4% per year, principally assisted by controlled credit growth and stable money supply (M2), at 15%-20%. Last year, credit growth was only 13%, which helped keep monetary inflation under control. The salary growth in 2020 is not high, which thus minimizes demand-pull inflation. However, the highest risk is projected to come from cost-push inflation. Pork price has risen sharply during the past three months, which boosted year-on-year (YoY) inflation by the end of December to 5.2%. According to Bao Viet Securities Company’s report, CPI YoY will be especially high (5%-5.5%) in the first half of the year before cooling down toward the end of the year. Generally speaking, CPI YoY by the end of 2020 will be around 3.2%-3.6% while the average CPI in 2020 may be more or less 4%. … [Read more...] about Not too many macro fluctuations expected for 2020