How banks are using blockchain technology

This information was announced by the Vietnam Software and IT Services Association (VINASA) and the Vietnam Blockchain Union (VBU) at a recent press conference. The Vietnam Blockchain Summit is oriented to become a prestigious annual destination in the chain of events of the regional and international Blockchain market. Blockchain has become a pioneering technology and increasingly popular all over the world. It bears wide applicability in almost all sectors and fields. According to Fortune Business Insights, the global Blockchain market was valued at 4.67 billion USD in 2021. It is projected to grow from 7.18 billion USD in 2022 to 163.83 billion USD in 2029, exhibiting a compound annual growth rate (CAGR) of 56.3 percent. Vietnam is seen as a bright spot on the world technology map. Many Vietnamese projects have attracted more attention and investment from organizations and individuals around the globe. Addressing the press conference, VINASA’s Deputy Chairwoman cum General … [Read more...] about Vietnam Blockchain Summit 2022 to be held in late-July

Vietnam must move forward with plans to design additional programmes to support firms in the digital transformation process in terms of funding, knowledge, and information in the technology market to help them grasp technological changes occurring globally, according to insiders. Illustrative photo Experts in the sector made the statement at the launching conference held on May 20 to unveil the Vietnam Annual Economic Report 2022 running with the theme of "Strengthening digital platform for the service sector” in Hanoi. Upon addressing the conference, Nguyen Quoc Viet, deputy director of the Vietnam Institute for Economic and Policy Research (VEPR), revealed that the 69% of businesses in the nation have been forced to temporarily suspend their operations due to the COVID-19 pandemic. Despite the pandemic significantly affecting several sectors such as service, accommodation, food, and tourism, it has yet to exert a serious impact on the digital … [Read more...] about Businesses require support in digital transformation

Prime Minister Phạm Minh Chính (right) meets with Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday morning in Hà Nội. — VNA/VNS Photo Dương Giang HÀ NỘI — Singapore has always been one of Việt Nam's leading partners in the region. Prime Minister Phạm Minh Chính made the statement meeting with Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday morning in Hà Nội. PM Chính said the visit of the Tan Chuan-Jin, which lasted from May 18 to 20, was very important, contributing to promoting the Việt Nam - Singapore Strategic Partnership to become more and more extensive and effective, especially while the two countries are looking forward to the 50th anniversary of the establishment of diplomatic relations and 10 years of Strategic Partnership in 2023. Chính congratulated Singapore on its outstanding achievements, including always leading the way in the region in catching new development trends of the world, especially in science and technology with its high … [Read more...] about Singapore one of Việt Nam’s leading partners in the region: PM Chính

Largest food producer, exporter The Mekong Delta boasts huge potential and advantages for agricultural development and is one of the largest, most fertile plains in Southeast Asia in particular, and the world in general. It is Vietnam’s largest producer and exporter of ​​food, aquatic products, and fruits – contributing about 50 percent of rice output, 95 percent of rice exports, nearly 65 percent ​​of aquaculture production, 60 percent of fish exports and nearly 70 percent of all fruits. Harvesting rice in Can Tho The Mekong Delta’s rice output has increased from 4.5 million tonnes in 1976 to nearly 25 million tonnes. In 2017, the prime minister issued Resolution 120 to promote the Mekong Delta’s climate-smart sustainable development, which set goals to 2050 and a vision to 2100 for the region’s prosperity and safe, sustainable development. Policies for the region were improved, focusing on sustainable agricultural development and modernization, urban and … [Read more...] about Transport infrastructure development key to Mekong Delta growth

Rạng Đông Light Source and Vacuum Flask JSC. Photo courtesy of the firm HCM CITY — HCM City needs to speed up equitisation to restructure state-owned enterprises and improve their efficiency, according to the Government Inspectorate. The equitisation of state companies is progressing at a tardy pace, a recent report by the inspectorate says. It also has shortcomings in terms of allocation of assets for equitisation, determination of enterprise value, determination of the ratio of state capital post-equitisation, and selection of strategic investors. According to the Ministry of Finance’s corporate finance department, many SOEs in the city are large and have complicated financial and land ownership structures, and so equitisation, especially evaluating their assets, is not easy. As of 2016 the city had 62 SOEs fully owned by the state, according to the Government Inspectorate. Phan Thị Thắng, vice chairwoman of the city People’s Committee, has sought the HCM City Business … [Read more...] about Inspectorate urges HCM City to speed up restructuring of SOEs