Foundation recovery network

Vietnam is said to have been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. (Photo: VNA) New Delhi (VNA) – An Indian expert has highly valued Vietnam’s post-pandemic recovery in an article recently published on Moderndiplomacy.eu. In the writing, titled “Vietnam’s macroeconomic policy and post COVID recovery”, Prof. Pankaj Jha, Director of the Centre for Security studies at India’s Jindal School of International Affairs, cited the latest IMF reports as saying that Vietnam's real gross domestic product ( GDP ) in 2023 is estimated at 6.2%, and this clearly indicates Vietnam has been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. He noted with an inflation rate of less than 4%, it clearly shows that Vietnam is likely to emerge as a promising economy in Asia. If one looks into the core fundamentals of Vietnam following the COVID-19 pandemic, it … [Read more...] about Vietnam showing better-than-average growth: Indian expert

Gabor Fluit, CEO of De Heus Asia, has been elected as the new chairman of the European Chamber of Commerce in Vietnam (EuroCham Vietnam). At the annual general meeting of the EuroCham in Hanoi and Ho Chi Minh City last week, Fluit was picked to replace his predecessor Alain Cany, chairman of Jardine Matheson Vietnam Group. Fluit will lead a new board of directors including 17 members. They will continue boosting and strengthening the economic ties between Europe and Vietnam. Fluit began working in Vietnam in 2008 when he was named CEO of De Heus Vietnam, which specializes in animal feed. In 2015, he became CEO of De Heus Asia. He was named vice-chairman of EuroCham Vietnam in March 2021. His wife is Vietnamese. The new EuroCham Vietnam chairman said, “Vietnam is opening up many business opportunities, so I want to work with members and partners of EuroCham to exploit the potential in the Vietnamese market. “With the foundation and the large network of EuroCham, I believe … [Read more...] about EuroCham Vietnam has new chairman

Proposals relating to cooperation and encouraging foreign investors to join Vietnam’s innovation journey were addressed at some forums, including one at VIR’s headquarters and the annual Vietnam Business Forum (VBF) organised in Hanoi over a week back. Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh One particular area of discussion focused on the digital economy and tech such as blockchain. Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC) said at VIR’s forum on digital transformation on March 21 that the NIC is working with many big foreign technology groups to connect them with domestic enterprises to implement training courses and technical supporting programmes. Thinh said Google has implemented digital skill training courses for businesses, especially startups. In mid-2022, Google launched a certification initiative and Startup Academy Vietnam, … [Read more...] about High-tech talent pool to aid transformation

The code used for recommending the posts suggested to users will become "open source" at the end of March, Musk said in a tweet of his own. "People will discover many silly things, but we'll patch issues as soon as they're found!" Musk tweeted. "Providing code transparency will be incredibly embarrassing at first, but it should lead to rapid improvement in recommendation quality." Musk contended that the recommendation algorithm used at Twitter is overly complicated and not fully understood inside the company. "We're developing a simplified approach to serve more compelling tweets, but it's still a work in progress," Musk said. Making the code open source would mean developers, including aspiring rivals, would be able to put their own spins on the algorithm, according to a foundation for the software ecosystem. Since billionaire Musk's takeover of Twitter in October, the platform has suffered outages, layoffs and seen advertisers flee over the lack of content moderation. … [Read more...] about Musk says code for recommending tweets will be public

A commodity sorting line at the Lazada Logistics Park which opened on Thursday at Song Than 1 Industrial Zone in the southern province of Binh Duong. — Photo Courtesy Lazada Ligistics Vietnam E-commerce company Lazada Logistics Vietnam on Thursday officially inaugurated a commodity sorting centre called Lazada Logistics Park at Song Than 1 Industrial Zone in the southern province of Binh Duong. Covering an area of 20,000 sq.m, the Lazada Logistics Park, whose capacity is 1 million parcels per day, is the biggest and most modern logistic centre in the province. According to Lazada, its new sorting centre is equipped with modern technologies such as artificial intelligence (AI), machine learning and 99 per cent of the sorting lines are automated. The other modern technologies used at the centre include a telescopic conveyor system, a singulator, dim weight scanners, a wheel sort system with o-belt modular structures, a cross-belt sorting system, small parcel cross-belt sorting, … [Read more...] about Lazada Logistics Park opens, sorting 1 million parcels per day

The Monetary Authority of Singapore (MAS) building.(Photo: AFP/VNA) Singapore – The Monetary Authority of Singapore (MAS) said on March 23 that the Nexus Project prototype of the Bank for International Settlements (BIS) has successfully connected with the payment systems of Europe, Malaysia and Singapore. To enhance cross-border payments, the BIS Innovation Hub Singapore Centre developed the Nexus concept of a first-of-its-kind multilateral network connecting multiple domestic instant payment systems (IPS). Nexus prototype successfully connected the test IPS of the Eurosystem, Malaysia and Singapore, allowing payments to be sent across the three using only mobile phone numbers. In the next phase, BIS and the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will jointly work towards connecting their domestic IPS through Nexus. For the next phase of the project – in line with their November 2022 Memorandum of Understanding on Cooperation in … [Read more...] about Singapore promotes instant payment system connectivity in Southeast Asia

Hanoi is considered "elite" in science, technology and information, which is favorable to carrying out digital transformation. In order to achieve fast, efficient, and sustainable economic growth, Hanoi needs to take drastic steps to accelerate digital transformation in a smart and modern direction, according to a senior official. The idea was shared by Dr. Dang Duc Mai, Chairman of the Hanoi Informatics and Telecommunications Association, former Director of the Department of Informatics and Financial Statistics under the Ministry of Finance. Hanoi has several advantages to realize the goal of becoming one of the leading localities in the country in digital transformation, Dr. Dang Duc Mai said. "Hanoi has a solid foundation, full awareness of leaders at all levels, and high determination of residents in the implementation of digital transformation. It can be said that the city is home to the 'elite' in the field of science, technology and information, which is a very … [Read more...] about Hanoi urged to speed up digital transformation in smart city construction

Secretary of the Party Central Committee and head of its Commission for Information and Education Nguyen Trong Nghia (fifth from left) and other delegates at the booth of the Vietnam News Agency. (Photo: VNA) Hanoi (VNA) – Secretary of the Party Central Committee and head of its Commission for Information and Education Nguyen Trong Nghia on March 17 asked press agencies and journalists to stay resolved to fulfill the target of building a revolutionary press circle of professionalism, culture and modernity. In his opening remarks at the 2023 National Press Festival in Hanoi, Nghia suggested that more attention should be paid to personnel development in order to improve the efficiency of the popularisation of the Party’s guidelines and the State’s laws and policies. The sector needs to mirror national reforms, promote patriotic movements and highlight economic bright spots and prospects, thus raising public consensus and confidence in the leadership and management of the … [Read more...] about Party high-ranking official urges building professional revolutionary press

Responding to VTC News, a representative of the country's national airline, Vietnam Airlines, said that it has prepared resources to welcome visitors from China. "Early on, we prepared to welcome the recovery of Chinese tourism," a representative of Vietnam Airlines said. "As soon as China eased flight permits and isolation conditions in December last year, Vietnam Airlines reopened flights connecting Hanoi, Ho Chi Minh City to Guangzhou, Shanghai. "The airline has increased the frequency of flights connecting Hanoi, Ho Chi Minh City with Guangzhou and Shanghai, and at the same time resuming the Hanoi-Beijing route this month.” In the following months, the airline will reopen four routes, including Da Nang and Guangzhou, Shanghai, Chengdu; and Hanoi and Chengdu. Vietnam Airlines is also considering a route connecting Hanoi with Daxing airport in Beijing. Vietnam Airlines served 8.1 million passengers between China and Vietnam in 2019, accounting for 19% of the total number of … [Read more...] about Aviation firms ready to welcome Chinese tourists

Prof. Nguyen Duc Khuong, Chairman of the association, said the AVSE Global, whose predecessor was the Association of Vietnamese Scientists and Experts in France, was established in Paris in 2011 with a view to connecting overseas Vietnamese scientists and experts to capitalise on their potential. With the participation of hundreds of Vietnamese experts and scientists around the world, it has been implementing a number of programs to support the homeland’s development. Its activities cover five main areas, namely organizing annual workshops and forums, mostly in Vietnam, about different development topics; projects giving consultancy to central agencies, localities, and businesses; high-level training programs; innovation projects; projects on research and development and foreign investment attraction. The AVSE Global has set up 11 different networks of Vietnamese intellectuals to carry out those areas of activities, he noted. With a focus on innovation in 2023, it will work to … [Read more...] about AVSE Global to contribute more to homeland’s development