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With the new facility, FPT Software is the first Vietnamese IT company to open an office in the Korean market, pinning high hopes on strengthening the company’s presence there and becoming a world-class, billion-dollar company. FPT chairman Truong Gia Binh spoke at the opening ceremony Addressing the opening ceremony, FPT Corporation chairman Truong Gia Binh said, "Our business philosophy is to stay closer to our customers, which could let us reach and serve our customers better. FPT will continuously open new offices around the world. FPT Software's second office in Korea helps us expand our global network further and strengthens our ability to connect and accompany customers despite time and geography." According to FPT Software Korea CEO Ha Minh Tuan, the new office is expected to address the shortage of IT talent in the country. “We also see strong demand for technology solutions such as AUTOSAR, IVI, SAP, low-code, managed services, and digital transformation. … [Read more...] about FPT Software opens new office in South Korea

Three lawmakers said on Monday they plan to reintroduce the "Protection from Abusive Passengers Act," saying the enhanced penalty is a strong deterrent and needed to improve aviation worker and passenger safety and "minimize disruptions to the national aviation system and restore confidence in air travel." Senator Jack Reed and Representative Eric Swalwell, both Democrats, and Republican Representative Brian Fitzpatrick are introducing the bill after a series of incidents aboard airplanes. Last year, the American Civil Liberties Union opposed creating a no-fly list for unruly passengers, saying the U.S. government "has a terrible record of treating people fairly with regard to the existing no-fly list and other watch lists that are aimed at alleged terrorists." During the early stages of the pandemic, much of the passenger anger was sparked by the federal government mask mandate. Despite the end of the airplane mask mandate in April 2022, the Federal Aviation Administration (FAA) … [Read more...] about US lawmakers make new push to bar convicted violent passengers from flights

Many companies still store and manage data on-premises servers to ensure the fast access speed and meet the essential compliance regulations for data storage systems. — Photo courtesy of Schneider Electric Digital transformation forces many businesses to take advantage of the strength of cloud computing, moving infrastructure to the platforms of service providers. According to the Annual report on business transformation in 2022 published by the Department of Business Development under the Ministry of Planning and Investment and the US Agency for International Development (USAID) in February 2023, only 36.7 per cent of businesses have a budget to cover their digital transformation expenses, while 43.3 per cent of businesses have a budget for investments but are unable to cover the costs. Many companies still store and manage data on-premises servers to ensure the fast access speed and meet the essential compliance regulations for data storage systems. Moreover, there are many … [Read more...] about Schneider Electric releases new White Paper

Hanoi set a goal of creating new jobs for 162,000 workers this year. Hanoi has found jobs for more than 44,000 people in the first quarter of 2023, accounting for 27.5% of the year's plan, according to the city's Department of Labor, Invalids and Social Affairs. The job transaction event is held in Hoan Kiem District. Photo: Tran Oanh/ The Hanoi Times The result was attributed to applying the city's labor market development solutions. During the period, the city provided jobs for more than 10,000 workers from the city’s fund entrusted through the Vietnam Bank for Social Policies. As many as 728 were sent abroad under fixed-term contracts, and 3,443 people were recruited through the job exchange system, the municipal department added. More than 12,600 people found jobs through job counseling and placement services, and another 232 received vocational training courses worth VND1.02 billion (US$43,297). In addition, the unemployment insurance fund paid out a … [Read more...] about Over 44,000 jobs created in Hanoi in January-March

Prayer for peace held for OVs in Phat Tich pagoda in Vientiane, Laos (Photo: VNA) Vientiane (VNA) – A prayer for peace for Vietnamese expats living, working and studying in Laos was held at the Phat Tich pagoda in Vientiane on February 15 (the 15th day of the first lunar month). happy New Year and good health for their families and other loved ones, and development and prosperity for the homeland. Phat Tich pagoda is among the popular destinations for OVs in Laos with architectural style imbued with Vietnamese spirituality. It offers them a spring atmosphere like in their homeland. VNA … [Read more...] about Prayer for peace held for OVs in Laos

The agreement surpasses the VND20 trillion ($850 million) acquisition of a 15% stake in BIDV from KEB Hana Bank (South Korea) in 2019, setting a new record in the banking industry. VPBank announced that it has completed the sale of a 15% equity interest to Sumitomo Mitsui Banking Corp. of Japan, a member of Sumitomo Mitsui Financial Group, in a transaction valued at $1.5 billion. CEO of SMBC Masahiro Yoshimura and Chairman of the Board of Directors at VPBank Nguyen Chi Dung at the signing ceremony today. Photo: VPBank SMBC Group's latest deal with VPBank makes the former a new strategic investor in the latter. The agreement sets a new banking industry record, with a deal value of VND35.9 trillion ($1.5 billion), surpassing the VND20 trillion ($850 million) acquisition of a 15% stake in BIDV from South Korea's KEB Hana Bank in 2019. The investment is expected to increase VPBank's total capital from VND103.5 trillion ($4.4 billion) to around VND140 trillion … [Read more...] about Japan’s SMBC acquires 15% stake in VPBank for US$1.5 billion

Some 600 new European standard shelters will be built at public bus stops in Hanoi city. Hanoi will allow investors to build advertising boards in exchange for 600 modern bus stop shelters and shelter displays worth VND1 trillion (US$43 million) in 12 urban districts, Kinhtedothi.vn reported. The move is part of efforts to encourage Hanoi’s residents to turn to public transportation for mobility, thus easing the number of cars on road and improving air quality. Hanoi to have 600 new bus stop shelters Currently, there are 1,078 bus stops in Hanoi's downtown, but only 365 of them have shelters. The shelters are built by different investors, which make them apprear ununiform. According to the municipal People's Committee, 600 new European standard shelters will be built at public bus stops in the city under the PPP funding mechanism. Among them, 270 shelters will be newly installed and the other 330 will be replaced. In exchange, 1,200 advertising boards … [Read more...] about Hanoi to allow advertising rights in exchange for 600 bus stop shelters

As home to nearly 300 national treasures, Hanoi has a valuable source of ritual and cultural traits that tell its history of thousands of years. The United Nations Educational, Scientific and Cultural Organization (UNESCO) sees the partnership with Hanoi in heritage preservation as one of its key activities in the future, said Director of the UNESCO’s World Heritage Center Lazare Eloundou on March 27. Hanoi mayor Tran Sy Thanh (right) receives Lazare Eloundou, Director of UNESCO’s World Heritage Center, on March 27. Photo: The Hanoi Times The UNESCO expects to bolster the relationship with Vietnam’s capital city in preserving cultural traits and heritages, he told a meeting with Hanoi mayor Tran Sy Thanh. Lazare urged the municipal and local authorities of Hanoi to come up with solutions that bring balance between heritage preservation and socio-economic growth and lift the living conditions for local people. UNESCO will always partner with Vietnam to … [Read more...] about UNESCO promises tight partnership with Hanoi in heritage and relic conservation

Vietnamese companies prioritize environmentally friendly and sustainable practices as part of their efforts to ensure long-term growth. More than 85% of Vietnam's 500 fastest-growing companies (FAST 500) have committed or plan to comply with environmental, social, and governance (ESG) standards, according to a survey conducted by the Vietnam Report Company (Vietnam Report). Electronics production at SGK Company (Chuong My Industrial Park), a component supplier for Samsung. Photo: The Hanoi Times As the global community continues to prioritize environmentally friendly and sustainable practices, Vietnam is also placing a great deal of emphasis on achieving carbon neutrality by the year 2050. FAST500 companies are aware of the importance of ESG standards and are in the process of adopting this strategy, the report states. Specifically, 14.8% of companies surveyed had initiated and implemented some of their ESG obligations, while 37% had fully planned and … [Read more...] about Over 85% of major Vietnamese companies are committed to ESG standards

It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment