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Da Nang Smart City App helps connect residents and local administration. (Photo: VNA) Da Nang (VNS/VNA) - With 43% of the population aged 18 and more owning electronic accounts on the public service portals , the central city of Da Nang is among the leading localities in Vietnam in digital transformation. Digital transformation is being promoted with the participation of all agencies, enterprises and residents. Digital economy accounts for 17% of the city’s Gross Regional Domestic Product in 2022. This has contributed to the city’s digital socio-economic recovery and development and created digital skills and habits for local people. Nguyen Quang Thanh, Director of the municipal Department of Information and Communications, said the e-government and smart urban area building inspire the city’s digital transformation . “Data plays a key role in creating new values,” he told Vietnam News Agency. Since 2020, the city has built a database based on various sources. … [Read more...] about Da Nang applies digital transformation to urban management

Access to this huge amount of customer data is a golden opportunity for banks to promote digital services and products, especially online lending. — Photo baodautu.vn Through a series of newly-issued regulations and access to the national population database, banks are planning to expand their online money-lending services. Deputy Governor of the State Bank of Viet Nam (SBV) Pham Tien Dung said accessing the national population database will help banks to check and authenticate new customer information more easily. Commercial banks will promote lending services on their electronic platforms based on this database. The draft amending the Law on Credit Institutions has many regulations specifying banking services via electronic devices. Besides that, several provisions supplemented by Civil Law and the Law on Electronic Transactions are necessary to complete the legal framework for online lending. Online lending, mostly small loans, has been implemented by many banks for a … [Read more...] about Banks to promote online lending through national population database access

The disaster struck on Friday, when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the opposite direction near the district of Balasore, in the eastern state of Odisha. Following non-stop efforts to rescue survivors and clear and repair the track, trains resumed running over that section of the line on Sunday night. Trains were passing slowly by the derailed and mangled compartments, while repair work continued at the track side. Some 120 km (75 miles) further north, at Kharagpur in West Bengal state, railway officials and witnesses gathered to submit evidence to a two-day inquiry, led by A.M. Chowdhary, commissioner of railway safety for the south-eastern circle. "Everyone involved at the site have been asked to join the inquiry. The probe will take time and we are looking at all possible angles," Chowdhary told reporters. India's Railway Board has recommended that the federal Central Bureau of Investigation … [Read more...] about India investigates rail disaster as trains crawl through crash site