The term “fourth industrial revolution” is bandied about in the media, but what is it and how can it help improve living standards? Viettel Group deputy general director, Do Minh Phuong, said: “The fourth industrial revolution includes the internet of things (IoT), artificial intelligence (AI), Big Data, 3D printing, smart energy, organic food, and green living and the revolution will deploy all technological advancements to address existing problems.” Technologies like Big Data, IoT and AI, which are at the core of Industry 4.0 – another term for the fourth industrial revolution -- are dependent on data storage and processing. Viettel IDC is one of the biggest data solution providers in Viet Nam. Five years ago only enterprises with deep pockets dared set up data centres with a number of servers, which cost up to VND100 million (US$5,000) each, and involving many other expenditures. Viettel IDC set up a 500sq.m centre at a cost of $15 million to serve 500 … [Read more...] about Viettel Group embraces industry 4.0
Redding internet service providers
A co-working space in Ha Noi. The proliferation of co-working space in the country has been viewed as helpful to the fast-growing start-up scene. — VNS Photo Bao Hoa Banking on solid economic growth, a young population and strong internet coverage, Viet Nam has been making efforts to become a start-up nation. The country has set its sights on having one million active businesses by 2020, and at the core of this community will be 5,000 innovative start-ups at the forefront of technology, ushering the country’s labour-intensive growth into the new age of digitisation and out of the middle-income trap. The Government started getting serious about the issue in 2016 – marking the year as the national start-up year and putting in place the Prime Minister’s ‘National Programme for Supporting an Innovative Startup Ecosystem through 2025’, or Project 844. According to FPT Insight, a start-up ecosystem involves several stakeholders, including the Government, … [Read more...] about VN’s start-ups have ambitious plans, but is red tape holding back development?
If approved it will be the third biggest tech merger in history, according to business news site CNBC. Red Hat said it was the biggest involving a software company. The deal will see IBM acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, more than $70 above the $116.68 at which Red Hat was trading on close of business Friday. "The acquisition of Red Hat is a game-changer. It changes everything about the cloud market," said Ginni Rometty, IBM's chairman, president and CEO. "IBM will become the world's number one hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses." Cloud computing refers to the delivery of computing services, including storage and software, over the internet to achieve economies of scale. Hybrid cloud relates to the linking of public and private cloud platforms. IBM's Rometty added that most companies are currently being held back in their … [Read more...] about IBM buys software company Red Hat for $34bn in bid for cloud dominance
Hurricane death toll rises to 17 as search goes on in FloridaThe Saigon Times Daily Damaged and destroyed buildings are seen in an aerial photograph, taken during a post-Hurricane Michael flight by a U.S. Coast Guard MH-65 helicopter over Mexico Beach, Florida, U.S. October 11, 2018 – PHOTO: REUTERS MEXICO BEACH (REUTERS) - The death toll from Hurricane Michael rose to 17 across four states on Friday, law enforcement officials said, as rescue crews hampered by communications failures searched the hardest-hit communities in the Florida Panhandle. Searchers found one person dead in the rubble of Mexico Beach, said Joseph Zahralban, Miami’s fire chief and the task force leader of a search and rescue unit. Three additional deaths were reported in Marianna, in Jackson County, Florida, Sheriff Lou Roberts told a news conference on Friday afternoon. The number of fatalities was expected to rise further as rescuers go door to door and comb through the rubble in oceanfront … [Read more...] about Hurricane death toll rises to 17 as search goes on in Florida
Vinatex completes 65% of yearly revenue target Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion). This figure also represented a rise of 7 per cent against the same period last year, the textile group reported in a filing to the Ministry of Planning and Investment. In August alone, it earned VND4.48 trillion in revenue, down 5 per cent year-on-year, of which turnover of the parent company and subsidiaries with its holdings of over 50 per cent capital reached almost VND1.74 trillion. Revenues from other affiliate companies in which the group holds less than 50 per cent capital reached a combined VND2.74 trillion. Vinatex attributed the growth in total revenues to increases in sales of fibre products (96,051 tonnes, up 9.5 per cent year-on-year), fabric of all kinds (100.7 million m3, up 18.6 per cent) … [Read more...] about BUSINESS NEWS IN BRIEF 1/9