Several enterprises in the northern region of Vietnam have decried repeated power outages after a region-wide electricity cut paralyzed their production activities. A representative of state utility Vietnam Electricity (EVN) said that power would be cut in the region by up to 30 percent. According to a representative of an apparel firm active in Viet Hung Industrial Park in Ha Long City under Quang Ninh Province, the firm’s production was in a turmoil due to unstable power supply. Power outages have forced the company to constantly run its own generators, leading to a surge in production costs, the representative said, adding that the firm might halt operations if the blackout continues. “Due to global economic difficulties, we have adopted various measures to secure orders to maintain work for over 1,000 employees, but massive power outages have prompted us to use generators,” said the representative. However, it is hard to lengthen the situation, the representative added. … [Read more...] about Companies in northern Vietnam voice outcry over power cut
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Fortinet reveals survey on single vendor SASE in the hybrid work era
Fortinet and IDC experts talk about cybersecurity in Viet Nam. — Photo courtesy of Fortinet Fortinet, a global cybersecurity leader driving the convergence of networking and security, has unveiled the importance of single vendor Secure Access Service Edge (SASE) to secure remote workers amidst the surge of unmanaged devices and increased security incidents. The survey was conducted by International Data Corporation (IDC) among 450 cybersecurity leaders from nine different locations across Asia such as Hong Kong, India, the Philippines, South Korea, and Việt Nam Survey respondents came from nine industries, including manufacturing, retail, logistics, healthcare, FSI and the public sector. The survey explored cybersecurity leaders’ perspectives on hybrid work, particularly how it impacted their organisations in the last year and their strategies to mitigate the security challenges arising from the adoption of hybrid work. Among the new findings was the rise the … [Read more...] about Fortinet reveals survey on single vendor SASE in the hybrid work era
Project inspires Vietnamese students to dream big
In this competition, five out of 19 Vietnamese teams at primary and secondary schools excellently won awards and four others were in the Top 20. The People’s Army Newspaper has had an interview with Dr. Tran Viet Hung, the co-founder of the organization about the championship. The VEX WORLDS 2023, drawing more than 30,000 students from over 50 countries and 50 U.S. states, is a big tournament in the world. Asked about the initial idea of STEAM for Vietnam - a U.S. non-profit organization, U.S. Center (under the U.S. Embassy and Consulate in Vietnam), and the Hanoi University of Science and Technology about this playground, Dr. Tran Viet Hung emphasized the importance of STEAM education for those engaged in technology and to help hone students' thinking effectively and unlock their potential. He mentioned Bill Gates, Elon Musk, Mark Zuckerberg as good examples in early getting use of computer and technology. He confirmed that with deep knowledge, people fear nothing and dare to … [Read more...] about Project inspires Vietnamese students to dream big
Transport staples in need of funding
Cooperation between seaport operators is opening the door for more and bigger ships to dock in Vietnam, photo Le Toan In late April, seaport operators TCTT and CMIT got the green light from the Ministry of Transport (MoT) to study a cooperation plan to develop a 1,200-metre long berth for mutual operation in the Cai Mep-Thi Vai area of the southern province of Ba Ria-Vung Tau. Nguyen Xuan Ky, deputy general director of CMIT, told VIR, “This means a lot to our collaborative project and is an important premise for us to continue to implement the next steps. Cooperation between CMIT and TCTT will bring better solutions for shipping lines, importers, and exporters in terms of berth flexibility, increased service quality, promoting business strengths of each, and meeting market demand.” In recent years, the Cai Mep Port area reported two-digit growth rate in throughputs. The number of mother ships docked at Cai Mep ports reached 33 per week, of which CMIT and TCTT received 14 … [Read more...] about Transport staples in need of funding
Vietnam tasked with gaining FDI edge
According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), accumulatively as of May 20, total foreign direct investment (FDI) inflows into Vietnam reached $10.86 billion, a drop of 7.3 per cent on-year, the fall is getting smaller than in previous months. Of this, newly registered capital was $5.26 billion, up 27.8 per cent on-year; additionally registered capital was $2.28 billion, down 59.4 per cent; and capital contribution and share purchase $3.32 billion, up 67.2 per cent. Do Nhat Hoang, FIA director-general, said that the rise of newly registered investment in the first five months is much higher than that in the first four months (11 per cent). The number of newly registered projects in the first five months also soared sharply on-year (66.4 per cent) to over 960 projects. “The growth rate of the number of new projects confirms that small- and medium-sized foreign investors continue to believe in Vietnam’s business environment,” said Hoang. … [Read more...] about Vietnam tasked with gaining FDI edge