Factors which 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

“The pressure that might depreciate the dong in Q1 and the first half of Q2 was quite high,” said Le Quang Trung, deputy general director and head of the treasury and capital division at VIB Bank. However, he said, things changed in Q2 and Q3. Instead of lifting interest rates the Fed did the opposite, bringing them down to promote economic growth, and thus the flow of foreign direct investment (FDI) returned to Vietnam, a country said to benefit from the trade war between the U.S. and China. … [Read more...] about Peacetime in sight for the dong

The two generals evaluated that collaboration between the two sides has been promoted with practical results. The two countries’ border military regions and border protection forces have been active in controlling situations and tackling violations along the shared borderline on time, not to give any chances for hostile forces to take advantage to sabotage and harm the relations between the two countries and armies. … [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