Technologies

Hanoi authorities say the application of Nano-Bioreactor technology to treat To Lich River pollution hasn't brought satisfactory results, but the Japanese side has rejected the conclusion. The Hanoi City Delegation of National Assembly Deputies held a meeting with voters in Thanh Xuan district several days ago in which city leaders answered questions about the fate of To Lich, the 100-year old river which is dying because of pollution. Hanoi authorities say the application of Nano-Bioreactor technology to treat To Lich River pollution hasn't brought satisfactory results, but the Japanese side has rejected the conclusion. “The last choice is to build a sewage system that collects waste water along the river banks which will be sent to Yen Xa waste water plant for treatment,” Duc said. Kim Chi  Hanoi to use Red River’s water to clean To Lich River An idea put forward 40 years ago has again been put into discussion: using water from the Red River to … [Read more...] about Can To Lich River be cleaned with Japanese technology?

Out of the 154 fintech startups, 37 operate in payments, 25 in P2P lending and 22 in blockchain and crypto and remittance, according to a survey by the Banking Technology Development Research Institute (BTI), National University of Ho Chi Minh City, released at a fintech conference in HCMC on Monday. The rapid growth of fintech has transformed the financial and banking sector by offering consumers more convenient products and services. Fintech companies in Vietnam are likely to continue encroaching on the retail market share of traditional banks, with peer-to-peer lending, e-wallets, payment and cashless payments becoming an integral part of everyday life, the report noted. However, areas such as asset management, liquidity management, investment management, insurance, and automated advisory services are still in their infancy, it added. Hoang Cong Gia Khanh, director of BTI, said: "Because 70 percent of Vietnam’s fintech companies are still startups, it will be difficult to … [Read more...] about Vietnam fintech sector in the fast lane

The cyber-physical learning factory of Festo (Photo courtesy of the company) HCM City (VNS/VNA) - Festo, a German supplier of automation technology and technical education, plans to expand investment in Việt Nam to take advantage of the increasing foreign investment and production in the country. Ansgar Kriwet, member of the management board of Festo, said Việt Nam has the fastest growing economy in Southeast Asia with a growth rate of 6.5 per cent. Manufacturing is its strongest sector and accounts for more than 50 per cent of FDI, he said. As Asia’s new manufacturing hub, Việt Nam requires strong support from motion automation, he said. Putting industry 4.0 into action means both intensively investigating new technologies and preparing employees for the challenges of future production, he added. Festo’s cyber-physical systems encompass the new developments of networked production in industry 4.0 and offer a modular smart factory system for teaching … [Read more...] about Germany automation firm Festo to expand investment in Việt Nam

A PSI project model implemented in Phu Thanh commune, Nghe An province is displayed at a conference in Hanoi (Photo: VNA) Hanoi (VNA) - Tighter regulations are needed to ensure good quality water is sourced for years to come, according to Nguyen Thi Hong Khanh, from the Ministry of Construction’s Technological Infrastructure Department. She believes a solid legal framework is necessary to make sure there is plenty of water for future generations. “We need a scheme for the Water Supply Law, and submit it to the Government and the National Assembly,” Khanh said. There are more than 200 water supply enterprises in Vietnam, mainly operating as joint stock companies. The national programme to ensure water supply and prevent water loss in the 2018-25 period has been implemented to promote investment and improve modern and energy-saving water treatment technology. It also establishes criteria for evaluating a safe water supply work. At a recent conference hosted … [Read more...] about Legal framework for water supply essential in Vietnam

As scheduled, Former U.S President Barack Obama and his wife Michelle Obama visit the Southeast Asian country from December 8 to 11 in the framework of visits to some Asian nations. They visited Vietnam to talk about the Girls Opportunity Alliance under the Obama Foundation which help to fight against illiteracy amongst juvenile girls and women from the grass root by creating chances for them to grasp and pursuit their dreams through education. In the reception, Chief Nhan welcomed the former US President’s visit affirming that the visit has shown former US President and his wife’s deep concern to the bilateral relation generally and Vietnam’s growth particularly. Since the two countries have normalized the diplomatic relations, leaders of Vietnam and the US have paid more visits especially General Secretary of the Communist Party Nguyen Phu Trong’s first visit to the US in 2015 and Barack Obama’s official visit to Vietnam as the President of the US in … [Read more...] about HCMC Party Chief Nhan receives former US President Barack Obama