Speakers speak at a seminar on “AI Research and Application in HCM City” held on Wednesday in the city. — VNS Photo Bồ Xuân Hiệp Viet Nam News HCM CITY — City authorities are planning to use artificial intelligence (AI) to further their scheme to develop a smart city, Nguyễn Thành Phong, chairman of HCM City People’s Committee, told a seminar on AI research and application on Wednesday. “Though the city has applied AI technologies in a number of sectors, it lags behind other cities in the world in AI research and training,” he said. “It lacks AI experts, scientists and policymakers.” Phong said the city should catch up with the global trend of AI. “Such efforts include investment in training skilled workers and building an open-source database.” In addition, training in the field remains limited because of a lack of funding, he said, adding that both State and business investments are … [Read more...] about HCM City to use AI to build smart city
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WeWork opens first co-working space in Vietnam
Renters work at a WeWork coworking space office in HCM City (Source: english.thesaigontimes.vn) HCM City (VNA) - The first WeWork co-working space in Vietnam opened in HCM City on March 13. Covering 5,000sq.m in the E Town Centre, District 4, the office can accommodate 1,000 customers in four floors ranging from freelancers to bigger enterprises. “With Vietnam’s rapid economic growth, we see immense business potential,” Turochas T Faud, managing director of WeWork Southeast Asia, said. The company said since its first coming to Southeast Asia in December 2017, it has expanded to 18 locations, with more than 13,000 customers. Founded in 2010 in the US, it has 425 offices in 100 cities and 27 countries. Over 45,000 companies use WeWork with member companies including Dell, KPMG, GE, Microsoft, and Samsung.-VNA … [Read more...] about WeWork opens first co-working space in Vietnam
Germany’s Leipzig city opens representative office in HCM City
The inauguration of Leipzig city's representative office in HCM City (Source: VNA) HCM City (VNA) – Leipzig city has become the first German locality to open a representative office in Vietnam, contributing to strengthening trade and investment partnership between the city and Vietnam and connecting businesses of the two nations, according to the German Business Association in Vietnam. The office was launched on December 6 at the German Business Incubator Vietnam of the German House in Ho Chi Minh City, with the opening ceremony drawing more than 120 delegates representing agencies and enterprises of Vietnam, Germany, and Leipzig. First Mayor of Leipzig Torsten Bonew said that the opening of the office is one of the important activities to foster ties between Vietnam and Leipzig, especially in trade, investment, automobile, education and training, research, and development cooperation. With a population of more than 500,000, Leipzig is a big city in the German state of … [Read more...] about Germany’s Leipzig city opens representative office in HCM City
HCM City aims to promote retail sector as key economic contributor
Saigon Co.op supermarket system in HCM City (Source: VNA) Experts said the service sector significantly contributed to the economic growth of the nation and HCM City in particular, adding that wholesale and retail trade is now the largest part of the service sector. According to Deputy Director of the department Nguyen Phuong Dong, the trade and service field is a dynamic and high growth sector, making up 63.2% of the city's GRDP, with annual average growth of 8.15%. The city’s retail sector has been developing in the trend of developing countries in the region and across the world, he said. Vietnam’s retail market has considerable potential, with the rate of modern retail distribution channels making up only 25% of the total retail sales, and most supermarkets and trade centres are concentrated in big cities. It is forecasted that by 2020, the rate of modern retail channels will increase to 45 percent. The country will have about 1,200 - 1,300 supermarkets, … [Read more...] about HCM City aims to promote retail sector as key economic contributor
HCM aims to promote retail sector as key economic contributor
Saigon Co.op supermarket system in HCM City (Source: VNA) HCM City (VNA) – The retail sector plays a core role in Ho Chi Minh City’s economic growth, heard a workshop held recently by the municipal Department of Industry and Trade to discuss building a list of key trade and service products. Experts said the service sector significantly contributed to the economic growth of the nation and HCM City in particular, adding that wholesale and retail trade is now the largest part of the service sector. According to Deputy Director of the department Nguyen Phuong Dong, the trade and service field is a dynamic and high growth sector, making up 63.2 percent of the city's GRDP, with annual average growth of 8.15 percent. The city’s retail sector has been developing in the trend of developing countries in the region and across the world, he said. Vietnam’s retail market has considerable potential, with the rate of modern retail distribution channels making up only … [Read more...] about HCM aims to promote retail sector as key economic contributor