Olde city lending solutions

Nguyen Trong Hieu, deputy head of the Institute of Business Studies and Development, said though the fund could not lend to more than 5 percent of the total number of SMEs in the country, it is still a major step in supporting startups, which are struggling to access bank credit. … [Read more...] about Banks out of loop, government fund to lend directly to startups

HCM City (VNS/VNA) - The Ho Chi Minh City University of Economics earlier this week launched the Institute of Smart Cities and Management (ISCM), whose mission will be to mobilise international cooperation in addressing urban issues globally. The launch was attended by officials from economics, urban studies, transport, and environment universities and organisations from Asia, Europe and the US. Su Dinh Thanh, Rector of the HCM City University of Economics, said the institute aims to become a smart city training and research institute that uses technology and critical thinking as powerful tools to solve urban problems of the future.  “I believe that ISCM and our partners will contribute to improving the quality of education and urban life through three activities — integrated education, research and development, and solving practical problems through projects.” Dr Trinh Tu Anh, director of the new institute, said it aims to develop education integrated … [Read more...] about University sets up Institute of Smart Cities and Management

Chief Representative of UN Habitat Vietnam Dr. Nguyen Quang said that urbanisation brings in many opportunities for local residents, but creates a lot of big challenges, including those involved in poverty and inequality. The final goal of a smart city is to improve the quality of life, increase the efficiency of human resources and natural resources, and connect the government and people, Quang added./. VNA … [Read more...] about Hanoi strives to become creative city in region

Hanoi (VNA) - Chairman of the Hanoi People’s Committee Chu Ngoc Anh suggested Samsung provide the city with technical support in developing smart city and smart transport and promoting digital transformation. He made the suggestion during a January 14 meeting with the General Director of Samsung Vietnam, Choi Joo Ho, who paid a courtesy call to report on the Republic of Korea (RoK) company’s projects in Hanoi. Choi said that work on Samsung’s Research & Development (R&D) Centre in Hanoi started last March and is on schedule, with 23 percent completed. Once opened, the centre will employ about 3,000 tech engineers primarily responsible for developing software, the 5G network, artificial intelligence (AI), and Big Data, he said, adding that this will contribute to economic growth in Hanoi and Vietnam at large. Samsung Vietnam is committed to strictly complying with local regulations and ensuring workplace safety. He also asked for continued support from … [Read more...] about Samsung urged to back Hanoi in smart city development

Hanoi will also boost the mobilisation and efficient use of resources, continue to restructure budget spending, improve the quality of and effectively use human resources, promote innovation, strongly apply and develop science and technology, accelerate administrative reform, maintain citizen reception and the settlement of complaints and denunciations, and strengthen inspections of and prevent corruption and wastefulness, he added. … [Read more...] about Hanoi launches socio-economic development tasks for 2021