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Digital technology to spearhead Vietnam’s drive for Industry 4.0

February 2, 2023 by hanoitimes.vn

By 2025, the Ministry of Information and Communications expected Vietnam to have 80,000 digital tech firms, meeting at least 50% of digital tech and services from state agencies. Vietnam aims for the digital technology industry to lead the implementation of Industry 4.0 in the country, with revenue growth 2.5 times higher than the overall GDP expansion rate. ICT to help Vietnam realize the digitalization process. File photo The target was revealed in the Ministry of Information and Communications (MIC)’s directive for information and communication technology (ICT) development in 2023 and the 2024-2025 period. "Digital technology focused on design, creation, and manufacturing in Vietnam is the main industrial sector driving the nation's industrialization and modernization, contributing to greater digitalization capability and shaping a digital country," the MIC stated. Under the plan, the ministry expected revenue from the ICT sector would hit US$165 … [Read more...] about Digital technology to spearhead Vietnam’s drive for Industry 4.0

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Construction work starts on Haiphong – Quang Ninh bridge

February 2, 2023 by dtinews.vn

Authorities in the northern city of Haiphong today, February 2, started construction of the Lai Xuan Bridge crossing the Da Bach River that connects the city's Thuy Nguyen District with Dong Trieu Town in Quang Ninh Province. Construction of the Lai Xuan Bridge crossing the Da Bach River starts in Haiphong City on February 2 The 840-metre-long, 12-metre-wide bridge project will be carried out at the same time as the expansion of Provincial Road 352 to 12 metres in width and 14 kilometres in length. The two projects are estimated to cost over VND 1.32 trillion. The investment will be taken from the local government budgets with over VND1.32 trillion from Haiphong and over VND12 billion from Quang Ninh. A sketch of the bridge project The projects are expected to be completed by December 2024. Lai Xuan Bridge will replace the Lai Xuan ferry service, connecting national highways 18 and 10 in Haiphong and Quang Ninh. Meanwhile, … [Read more...] about Construction work starts on Haiphong – Quang Ninh bridge

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Food prices rise slightly ahead of first full moon

February 2, 2023 by hanoitimes.vn

Demand for fresh foods increases ahead of the Ram Thang Gieng (the first full moon of the lunar year) as usual, but market prices have barely changed. The upcoming celebration of Ram Thang Gieng (the full moon of the first lunar month) marks a strong increase in demand for fresh food in the market, but prices have remained stable. People buy fruits at a traditional market in Hanoi to prepare dishes for the celebration of the first full moon in the lunar year. Photo: Hoai Nam/The Hanoi Times The first full moon of the lunar year falls on the 15th day of the first lunar month. On that day, Vietnamese prepare some dishes in honor of the gods, Buddha, and ancestors, and pray for the happiness, luck, and prosperity of their relatives. In 2023, Ram Thang Gieng falls on January 4. Given such meaning,  demand for fresh and good quality food before and during the day tends to increase. In 2023, however, prices for raw and fresh foods are virtually unchanged … [Read more...] about Food prices rise slightly ahead of first full moon

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ChatGPT and AI booms in Vietnam

February 2, 2023 by vir.com.vn

ChatGPT and AI is set to boom in Vietnam In the early days of 2023, ChatGPT released by OpenAI is becoming popular all over the world. ChatGPT is a chatbot providing solutions to complex problems directly like composing essays, coding, and drafting business proposals. Within a few seconds after entering keywords, ChatGPT will provide text, images, audio, and other entertainment media in excellent quality. Just a few weeks after launching, this “super AI” has reached over 10 million users and has rapid growth. This success helps OpenAI negotiate an investment agreement worth $30 billion, more than double its valuation in 2021. After investing $1 billion in ChatGPT in 2019, Microsoft is planning to invest another $10 billion in exchange for 49 per cent of OpenAI's stake. This tech giant is considering integrating ChatGPT into Word, Powerpoint, Outlook, and even the Bing search engine to compete for market share with Google Search. Eric Boyd, CVP of AI Platform at Microsoft, … [Read more...] about ChatGPT and AI booms in Vietnam

Filed Under: Uncategorized ChatGPT, Microsoft, FPT, Coverage, why vietnam economy is booming

PM chairs monthly teleconference with localities

February 2, 2023 by en.vietnamplus.vn

At the event (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development. Chairing the Government’s monthly teleconference with localities, PM Chinh said since the beginning of this year, the Government has followed the Party Central Committee’s conclusions, the National Assembly and Government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the … [Read more...] about PM chairs monthly teleconference with localities

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Prime Minister chairs monthly teleconference with localities

February 3, 2023 by en.qdnd.vn

Chairing the government’s monthly teleconference with localities, PM Pham Minh Chinh said since the beginning of this year, the government has followed the Party Central Committee’s conclusions, the National Assembly and government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the lunar New Year (Tet). The State budget collection reached 11.3% of the estimate for the year, while newly-registered FDI tripled the figure in the corresponding period last year to 1.2 billion USD. The trade surplus was estimated at 3.6 billion USD. National defense - security was guaranteed while external … [Read more...] about Prime Minister chairs monthly teleconference with localities

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