Ha Noi asks Uber to share database

Despite a slowdown dating from the second half of 2016, the pace of the merger-and-acquisition market is expected to pick up in the months to come with many potential deals ahead. Bich Thuy reports. Banking will continue to be among the sectors most appealing to foreign investors for M&A, Photo: Le Toan The Japan-invested Daiwa-SSI Fund is on the way to acquire a 20 per cent stake in Hanoi-based CVI Cosmetic & Pharmaceutical Co. for an undisclosed sum. “We are working on necessary procedures to complete the acquisition by the end of July. The Japanese investment will enable us to develop a factory in the Hoa Lac Hi-Tech Park,” Phan Van Hieu, chairman of CVI, told VIR. Daiwa-SSI’s bid is among the new potential deals for the second half of 2017, while many others are being negotiated. At last week’s press conference on the M&A Vietnam Forum 2017 organised by Vietnam Investment Review and AVM Vietnam, experts said  pharma and healthcare will be among sectors that hold the biggest appeal for mergers and acquisitions (M&A) in 2017 and 2018, driven by the increasing population and growing middle class. “Increasingly deep global integration, through the signing of free trade agreements and the establishment of the ASEAN Economic Community, has contributed to making Vietnam more attractive to international groups and M&A is an effective investment channel,” said Tran Thanh Tam, director of KPMG’s Markets Group. …... [read more]

Ho Chi Minh City-based Quang Trung Software City has recently launched a bike share scheme, one of various pilot models under its Smart City project.  Accordingly, the bikes under the share scheme will be distributed at fixed spots across the park of Quang Trung Software City (QTSC). The users will use their customer cards (provided by QTSC) to pick up the bikes and then return the vehicles at spots placed around the park. According to plans, four stations will be placed around the QTSC area by the end of July 2017. Lam Nguyen Hai Long, general director of QTSC said, “After finishing the trial period, we will review the process and work on a detailed plan to submit to the city leaders with a view to replicate the model in many other areas in the city.” Besides bike sharing, QTSC is deploying a raft of IT projects to boost management efficiency, such as face search, car detector, helpdesk, smart building or operations management systems (OMS). Long shared, “The extensive deployment of the applications will lay the groundwork to turning QTSC into a world-class software city in the not-so-distant future.” QTSC is known as a pioneer software city model in Vietnam. Its scope, however, still remains modest when compared to Southeast Asia and Asia. To outline a well-conceived long-haul development strategy, earlier this year QTSC teamed up with KPMG, a world-leading professional services firm, to make a comprehensive assessment of…... [read more]

Ho Chi Minh City’s tourism department is slated to organize the first-ever festival to showcase a fusion of fashion and technology in October in a bid to give both its tourism and textile and garment sectors a boost. The inaugural Fashionology Festival 2017 is scheduled to take place from October 20 to 22 at Nguyen Hue Pedestrian Street in the downtown area. “This is a modern event, featuring an inspiring combination between fashion and the latest performance technology, enhanced by digital interaction, intended to create a new flagship product for Ho Chi Minh City’s culture-tourism development,” the department said in a statement. The festival is an opportunity for Ho Chi Minh City to spur its tourism, and for textile and garment businesses as well as fashion designers to showcase their products, promote their images and reach more customers. According to the tourism department, the Nguyen Hue promenade will be turned into a giant ‘catwalk,’ measuring 670m long and 64m wide, featuring different sections, from exhibitions, shopping to 3D Mapping and water-music displays. Visitors will also be treated to electronic music performances by international DJs. A mobile app called Apps FF 2017 will be released, allowing fest-goers to browse and shop for products on display at the event. On the first day, the festival will showcase a look-back collection boasting fashion development along the course of the development of Ho Chi Minh City. The second day will feature applied fashion products themed “Ready…... [read more]

An international alliance of partners are going to launch the Smart Energy Hackathon in Bangkok during September 8-10 to accelerate the development of innovative software solutions to tackle energy challenges in Southeast Asia. The Smart Energy Hackathon is open for applications until August 13 GIZ aims to bridge the digital gap and raise awareness of the software potential for smart energy solutions in Southeast Asia. In order to work towards this vision, GIZ is hosting the Hackathon in collaboration with CalCEF/New Energy Nexus, TechGrind, CU Innovation Hub, and KX, this coming September 8-10 in Bangkok. It is a software developing competition to identify talent and bring new digital technology innovations to solve current energy challenges. The Smart Energy Hackathon constitutes the kick-off for a larger support programme aiming to create a smart energy software ecosystem in Southeast Asia. The Smart Energy Hackathon will catalyse the momentum and increase awareness of energy innovation. The call for applicants is now open, with an application deadline of August 13, 2017. Selected applicants will be announced on August 17, 2017. “Bringing smart energy solutions into the market at scale is no longer a hardware challenge: it Many Southeast Asian regions are struggling to mitigate the impacts of climate change, which in The Smart Energy Hackathon provides startups a path to develop localised software solutions The digitisation of the Southeast Asian energy industry will…... [read more]

Ca Mau, July 24 (VNA) – The southernmost province of Ca Mau is calling for investment in two tourism projects worth 1.2 trillion (52.7 million USD) in Dat Mui (Cape Ca Mau) tourism area in Ngoc Hien District, and along the Trem River in Thoi Binh district.  The locality aims to attract more than 50 investment projects in 2017-2020, including ten foreign-invested ones, focusing on seaport development, wind and solar power production and hi-tech industries.  Ca Mau has potential for tourism development, boasting many attractive tourism destinations, national-level relic sites, ecological and community-based tourism sites.  It has pristine natural scenery, with vast green cajeput and mangrove forests, the most famous being U Minh and Nam Can forests.  Eight rivers flow through the province, forming a network of more than 7,000km of rivers and canals with unique beauty and diverse cuisines.  The must-see destination in the province is Dat Mui in Mui Hamlet, Dat Mui Commune, Ngoc Hien district, which aims to greet 1 million visitors by 2020.  The cape is home to mangrove forests featuring a plethora of birds, wild animals and fish as well as untouched landscapes.  In the first two quarters of this year, Ca Mau welcomed 600,000 tourists, 53.6 percent of the yearly target.  It aims to serve more than 1.7 million holidaymakers a year, including 50,000 foreigners, by 2020. VNA/VNP ... [read more]

U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. FILE PHOTO: Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. Only a few years ago, digital currency entrepreneurs, like other Silicon Valley peers, had to line up to pitch their ideas to venture capitalists, who controlled their destiny as virtually the only source of funding. So-called initial coin offerings (ICOs), where new tech companies using blockchain technology can raise millions quickly by creating and selling digital "tokens," with no regulatory oversight, have turned traditional relationships upside down. Blockchain, a public online ledger of transactions, gained prominence as a technology that underpinned the first digital currency, bitcoin. (Graphic: tmsnrt.rs/2dVefUN) "The day when VCs were the elusive elite and primary source of capital for startups has ended," said Jamie Burke, founder and chief executive officer of VC firm Outlier Ventures, which specializes in blockchain and other technology investments. "When a startup can raise $35 million in 30 seconds without any dilution, the genie is out of the bottle and it isn't going back in," he said, referring to Brave, an open source web browser that blocks ads and trackers, which sold its Basic Attention Token in June. By mid-July, tech firms raised about $1.1 billion in 89 coin sales this year,…... [read more]

Vietnam wastes at least 23 trillion VND (1 billion USD) annually on fertilisation, experts said and called for replacement of conventional fertiliser with more hi-tech products. Farmers in Quang Vinh commune in Thua Thien - Hue province work in the winter-spring rice fields. Le Nhu Kieu, vice head of Soil and Fertilisers Research Institute under Vietnam Academy of Agricultural Science, said that about half of the amount of nitrogen fertiliser fed to plants gets released to environment, 70-80 percent of phosphorus fertiliser amount was kept in soil and 50-60 percent of urea fertiliser amount was either evaporated or eroded. On average, in Vietnam, plants and crops received only 35-40 percent of the fertiliser given to them, he said. About 11 million tonnes of inorganic fertilisers are used in the country on a yearly basis, he said. The leaked fertiliser pollutes water, impoverishes soil and makes it hard to restore the soil’s quality. “Overuse of chemical fertilisers also threatens human and other living being’s genes, as it could cause genetic mutations, which will bring diseases for crops,” Kieu said. Kieu told khoahocphattrien.vn that it is time to promote “hi-tech fertilisers” to increase productivity and be safer to the environment. Compared with conventional fertilisers, the hi-tech fertilisers can help increase productivity up to 20 percent. Using conventional nitrogen fertiliser on rice, farmers usually lose about half of the fertiliser amount. The loss can drop 20 percent when hi-tech fertilisers are used. Mai Van Quyen, former vice head of the Institute of Agricultural…... [read more]

NDO - Prof. Gerardus’t Hooft, the 1999 Nobel Prize laureate in Physics, arrived in Vietnam on July 23 to attend the 'Exploring the Dark Universe' conference held in Quy Nhon city, Binh Dinh province, on July 24-29. The conference, held along with a series of 18 international scientific conferences on the universe, is part of the 13th ‘Rencontres du Vietnam’ programme – 2017 held at the International Centre for Interdisciplinary Science and Technology (ICISE) in Quy Nhon in 2017. Prof. Gerardus’t Hooft is the 11th Nobel Prize winner to come to Vietnam to attend the 13th ‘Rencontres du Vietnam’ programme. The 'Exploring the Dark Universe' conference will also see the participation of 70 scientists from 19 countries across the world. The aim of the conference is to discuss the most recent status in the field of dark matter, a lively and exciting scientific domain related to cosmology, astro-particles and particle physics. Prof. Gerardus’t Hooft will also hold an exchange on the laws of nature with science lovers at 3pm on July 25, at the Cultural Centre in Binh Dinh province. Prof. Gerardus’t Hooft is a Dutch theoretical physicist and professor at Utrecht University in the Netherlands. He shared the 1999 Nobel Prize in Physics with his thesis advisor Martinus J. G. Veltman "for elucidating the quantum structure of electroweak interactions".... [read more]

Two months after Islamist militants launched an assault on one of the biggest southern cities in the Philippines, the fighting is dragging on, and President Rodrigo Duterte says he is prepared to wait for a year for it to end. The defence top brass admits it underestimated its enemy and is struggling to finish off the highly organised, pro-Islamic State fighters who swept through Marawi City on May 23 and have held parts of it despite sustained ground attacks by hundreds of soldiers and daily pummelling by planes and artillery. On Saturday, lawmakers approved Duterte's request to extend martial law to the end of the year on the island of Mindanao, granting greater powers to security forces to go after extremists with a reach that goes far beyond Marawi. But it remains unclear how exactly Duterte plans to tackle extremism after troops retake Marawi, where about 70 militants remain holed up in the debris of what was once a flourishing commercial district, along with many civilian hostages. More than 500 people have been killed, including 45 civilians and 105 government troops. After missing several self-imposed deadlines to re-take the city, the military says its options are limited because of the hostages. Duterte has said he had asked to military to avoid more civilian casualties. A Filipino soldier lies on a mattress at their combat position in a house as government troops continue their assault against insurgents from the Maute group in Marawi city, Philippines July 1, 2017. Photo by…... [read more]

As Vietnam boosts its industrial capacity and modernises, a critical need for new digital technology presents itself. Industry 4.0 will have a significant positive impact on local firms, and they can expect comprehensive, ongoing support from Siemens. Thanh Dat reports. As Industry 4.0 sweeps the globe, firms who do not embrace the new paradigm will fall behind Martin Hoppe, first counselor of Economic Co-operation and Development at the German Embassy in Vietnam, was pleased with the Siemens solutions showcased at the “Digital enterprise – on the way to Industry 4.0” conference in Hanoi last week. “I am happy that Siemens has presented us with their ideas of what Industry 4.0 can do. Trust me, I am very curious myself,” Hoppe said. The event was organised by Vietnam’s Ministry of Industry and Trade (MoIT), the German Embassy in Vietnam, Siemens, and German Industry and Commerce Vietnam. Nearly 200 people attended the event, including senior government policy and decision-makers, business leaders, and industry specialists. “Digital changes everything,” Raimund Klein, executive vice president of Digital Factory and Process Industry and Drive of Siemens Asia, said during his presentation. Digital can have a remarkable impact on life, travel, communication, and markets. In the long-term, enterprises will likely face woes if they fail to embrace digital. “That will present fierce competition,” Klein said, referring to the rise of Industry 4.0. According to Hoppe, Industry 4.0 is another…... [read more]

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