Security of cloud computing

Tran Phuong Hong, IT Advisory director, KPMG Tax and Advisory Vietnam and Do Kim Hien, senior solution consultant, KPMG Tax and Advisory Vietnam In Vietnam, we have had vast opportunities in conducting SWIFT system security gap assessment projects for Vietnamese banks, and there are best practices that clients should consider while implementing and securing the system according to a SWIFT Customer Security Control Framework (SWIFT CSCF). The SWIFT CSCF describes a set of mandatory and advisory security controls for users. Mandatory security controls establish a security baseline for the entire community and must be implemented by all users on their local SWIFT infrastructure. The SWIFT has chosen to prioritise these mandatory controls to set a realistic goal for near-term, tangible security gain, and risk reduction. Advisory controls are based on good practice that SWIFT recommends. Over time, mandatory controls may change due to the evolving threat landscape, and some advisory controls may become mandatory. All controls are articulated around three objectives: ‘Secure your Environment’, ‘Know and Limit Access’, and ‘Detect and Respond’. Controls have been developed based on SWIFT analysis of cyber threat intelligence and in conjunction with industry experts and user feedback. Control definitions are also intended to be in line with existing information security industry standards. SWIFT CSCF version 2021 has defined 31 security controls (22 mandatory and nine advisory controls) that underpin these objectives and principles. The controls are intended to help mitigate specific cybersecurity risks that users face due to the cyber threat landscape. Within each security control, SWIFT has documented the most common risk drivers that the control is designed to help mitigate. Addressing these risks aims to prevent or minimise undesirable and potentially fraudulent business consequences, such as unauthorised sending or modification of financial transactions; …

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Six Vietnamese businesspeople have been named in Forbes’ list of the world’s richest billionaires. FPT President Truong Gia Binh The richest dollar billionaire was Pham Nhat Vuong, in the 344th position in the world with $7.3 billion. This is the ninth consecutive year that Vuong has been listed on Forbes’ list of wealthiest people. He ranked 286th last year with asset value of $5.6 billion. The second and third positions belonged to CEO Vietjet Nguyen Thi Phuong Thao with $2.8 billion and President of Hoa Phat Group Tran Dinh Long with $2.2 billion. The three other billionaires are President of Techcombank Ho Hung Anh with $1.6 billion, President of Thaco Tran Ba Duong with $1.6 billion, and President of Masan Group Nguyen Dang Quang with $1.2 billion. Of the six Vietnamese billionaires, four started their business in Eastern Europe, namely Vuong, Thao, Quang and Anh. Only Tran Ba Duong’s enterprise has not listed shares on the bourse. The total assets of the six billionaires amount to $17 billion, and their average age is 55. FPT creates 200 dollar millionaires Truong Gia Binh, President of FPT, the largest Vietnamese IT corporation, said at the 2021 shareholders’ meeting that FPT created 200 dollar millionaires when listing its shares on the bourse. He said employees at FPT all have comfortable lives, drive cars, and can fund their children’s overseas study. Most of the managers of technology firms in Vietnam come from FPT, he said. The richest dollar billionaire was Pham Nhat Vuong, in the 344th position in the world with $7.3 billion. This is the ninth consecutive year that Vuong has been listed on Forbes’ list of wealthiest people. He ranked 286th last year with asset value of $5.6 billion. In 2020, FPT attracted global leading technology engineers in AI and Cloud Computing to create added value for projects in the long term. It has been supplementing and rotating key personnel that has led the group to overcome …

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Fruit, vegetable sector targets export revenue of $10 billion The agricultural sector has determined to improve quality to meet import market standards and achieve the export target of 10 billion USD by 2030. Of which, the proportion of export turnover of processed fruit and vegetable products will reach 30 per cent or more; fruit and vegetable processing capacity will reach two million tonnes per year, nearly double that of last year. To achieve these goals, the agricultural sector will boost investment in improving the capacity of fruit and vegetable processing in the future; develop establishments for preliminary processing and preservation of fresh fruits and vegetables as well as promoting key fruit and vegetable products and high value-added products. New stocks on HoSE will temporarily trade on HNX Companies that want to list on the Ho Chi Minh Stock Exchange (HoSE) will temporarily trade on the Ha Noi Stock Exchange (HNX) as a temporary solution to the overload issue occurring on HoSE since the end of last year. The State Securities Commission (SSC) of Viet Nam recently instructed HOSE and HNX as well as the Viet Nam Securities Depository (VSD) to implement temporary regulations on listing and conversion processes to reduce the load on HOSE's trading system. Accordingly, enterprises wishing to list during this period can submit registration documents to HNX or HOSE. For enterprises that want to list new shares or transfer their listing from HNX to HOSE, HOSE will receive and process their documents. After assessing and issuing the listing decisions, these shares will be temporarily traded on HNX. Once the congestion problem is solved, these companies are allowed to transfer transactions back to HOSE without reviewing their profiles. Regulations such as trading mechanisms, transaction supervision, listing management, reporting and information disclosure for businesses whose shares are listed on HOSE and are transferred to HNX also …

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