Technology helps business

Bangkok – Thai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery. The Aranyaprathet-Poipet border gate of Thailand and Cambodia (Photo: Asia News) Sanan Angubolkul, chairman of the Thai Chamber of Commerce (TCC), said Cambodia is seeing average economic growth of 7 – 8% per year as a result of the country opening up to foreign direct investment. Cambodia has been trying to develop its tourism and agricultural sectors, but the country still lacks sufficient knowledge and modern technology, especially in terms of storage and processing in order to increase values. This offers a very good opportunity for Thai businesses to forge joint investments with Cambodian counterparts in many sectors as above, according to Sanan, who is also chairman of the Board of Trade of Thailand. He led the first post-pandemic visit to Cambodia by more than 60 … [Read more...] about Thai businesses eye expanding trade, investment in Cambodia

Vo Tien Dung, vice director of Hanoi-based Halcom Vietnam, said his business has been cooperating with German, Finnish and Japanese companies for the last 23 years, but has yet to find the best technologies to deal with Vietnam’s waste problems. It is difficult to treat typically unsorted and highly humid waste in Vietnam. For example, trash in Europe has a humidity level of around 20%, while trash in Vietnam could have a humidity level of 60-70%, he added. Even the ongoing waste-to-energy plants in Hanoi and Can Tho would need more time so their effectiveness could be evaluated, Dung said. Treating unsorted trash without the same humidity conditions as in other countries would make it hard to meet efficiency and emission standards, he added. Nguyen Quang Huan, member of the National Assembly’s Committee for Science, Technology and the Environment, said he was concerned about waste-to-energy plants. He said such technology still produces pollutants, and is merely cleaning the … [Read more...] about No ideal waste treatment technology for Vietnam yet

The agency has strived to deploy trade promotion and investment solutions based on the application of information technology, aiming to help Vietnamese companies maintain contact with potential foreign partners and investors to explore collaboration opportunities. Côte d'Ivoire is Vietnam's second-largest trading partner and fourth-largest export market in Africa, according to Nguyen Phuc Nam, deputy head of the Asia-Africa Market Department under MoIT. The value of two-way trade has amounted to more than 1 billion USD per year between 2017 and 2021. Bilateral trade recorded a strong recovery last year, reaching nearly 1.26 billion USD, up 38.7% from 2020. In particular, Vietnam is currently one of the five largest rice exporters to Ivory Coast, accounting for an average of 30-40% of the African country's total rice import value. Source: VNA … [Read more...] about MoIT ready to help Vietnamese companies access Côte d’Ivoire market

Vietnam’s digital transformation is designed to be based on three main pillars namely institution, infrastructure, and manpower. Digital transformation plays a major role in building an independent and integrated economy, Vietnam’s Prime Minister Pham Minh Chinh made the statement today. The country should not remain outside this process and building successful digital-based economy and society needs to begin with e-government, Chinh, who is also Chairman of the National Committee for Digital Transformation, said at the committee’s 3rd meeting on August 9. The event drew the participation of more than 130,000 officials nationwide, including Deputy Prime Minister Vu Duc Dam and many cabinet members, to discuss the application of population data and electronic identification and authentication for national digital transformation in the 2022-2025 period with a vision to 2030. Vietnam's Prime Minister Pham Minh Chinh speaks at the national meeting on digital … [Read more...] about Digital transformation matters a lot to economic integration: Vietnamese PM

Head of the Party Central Committee’s Economic Commission Tran Tuan Anh chaired the meeting and Senior Lieutenant General Pham Hoai Nam, Deputy Minister of National Defense, attended the event. Speaking at the meeting, Chairman cum General Director of the Viettel Group Senior Colonel Tao Duc Thang briefed the delegation on Viettel production and business situation, especially difficulties and shortcomings that the group is facing. Meanwhile, Gen. Thang proposed new mechanisms and policies on high-tech development, digital transformation, and foreign investment, and then the project’s steering committee would implement effective and appropriate policies on modernization and industrialization in the time to come. For his part, Mr. Tran Tuan Anh spoke highly of the remarkable achievements gained by Viettel over the past years. According to him, Viettel is the first enterprise to work with the Central Steering Committee for developing the project. It has shown the important role of … [Read more...] about Central Economic Commission works with Viettel

This is the first product using IoT technology in Vietnam owned and supplied by Viettel with the aim of making people’s life more convenient. Using 3 in 1 positioning technology which integrates GPS, Wifi, LBS, vTag has preeminent features, such as automatically saved movement history, motion sensor, safe area settings, SOS alert, intelligent control to help users to manage personal items and assets. With nice, compact and handy design, vTag can be used to help monitor elderly people with memory loss and children anytime and anywhere. VTag is equipped with Viettel eSIM with an unlimited data package and assurance of continuous and uninterrupted connection. In particular, the same vTag account allows monitoring of many devices, many people, and its advantage is energy-saving (average battery life is 7-10 days). According to Nguyen Trong Tinh, Deputy Director of Viettel Telecom, with GPS technology and mobile waves, vTag enables users to monitor targets anytime and anywhere while … [Read more...] about Viettel Telecom provides smart positioning device Vtag

At the Partnership MoU signing ceremony, BUV and Bond University jointly agreed on articulation programs in business, international tourism and hotel management at the bachelor level, and the Master of Business Administration (MBA) program. At the bachelor level, students will complete 2 years at BUV, then transfer and continue their studies at Bond University for 16 months. For the MBA program, students complete the master's program at BUV and continue to study for additional 8 months at Bond University in Gold Coast, Australia to receive the Master degree issued by Bond University. The MoU signing ceremony between BUV and Bond University was organized on the campus of BUV Ms. Jen Bahen, Counselor for Education and Research, Australian Embassy, said: “The deep and personal people-to-people links between Australia and Viet Nam are a huge part of the Australia – Viet Nam story. I often make the point that our bilateral relationship is fundamentally underpinned by … [Read more...] about British University Vietnam and Bond University sign MoU

Hanoi - Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the … [Read more...] about Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank

He also suggested the government consider simplifying immigration procedures to attract foreign tourists as Vietnam reopened after over two years of border closure, he said in a report submitted to the National Assembly Standing Committee on Tuesday. Hung also proposed extending tax cuts to tourism businesses until the end of 2023 to help them recover after the pandemic crisis. Though Vietnam reopened tourism and lifted most Covid restrictions, Hung said travel firms and those working in the tourism industry are grappling with difficulties and have not really benefited directly from current policies. The country welcomed 954,000 foreign arrivals in the first seven months this year, up nine times year-on-year. This year, Vietnam targets five million foreign tourists, around 30 percent of pre-pandemic levels. The government has allowed quarantine-free entry and resumed its pre-pandemic visa exemption policy for 24 tourism markets including Western European countries from … [Read more...] about Vietnam minister proposes visa exemption for US, European travelers

He asked the Government to send the dossier of the draft law to the N.A. Committee for Economic Affairs and the N.A. Standing Committee before September 1 to seek feedback from full-time legislators. The MoNRE should work harder to build reports on economic, social, environmental impacts as well as impacts on national defense and security, and the domestic business environment. Apart from the document, relevant laws need to be adjusted too, Hue stressed, adding that the N.A. Committee for Economic Affairs and the MoNRE should play the key role to help the legislature and the government mobilize contributions of people and scientists to the bill. Emphasizing the significance of the communication work, the top legislator assigned the Committee for Economic Affairs to coordinate with the N.A. General Secretary to sketch out a project in this regard. MoNRE Minister Tran Hong Ha said opinions of groups affected are being collected to serve the amendment, adding that the ministry has … [Read more...] about Amendments to draft revised land law expected to be done in 2023: N.A. Chairman