Vietnam ranks 74th in global internet speed: report

Vietnam’s retail sales rose 10 percent to around $74 billion in the first seven months of this year, latest data from the General Statistics Office (GSO) showed, of which sales of foods and foodstuffs witnessed the strongest growth, followed by clothing and footwear, and household appliances. Like other emerging markets, essential goods are top of most Vietnamese consumers' shopping lists, accounting for more than half of their monthly budgets, according to a report released last month by BMI Research, a part of Fitch Group. In 2016, retail sales registered robust growth at near double-digit rates, and this growth momentum is forecast to be maintained over 2017, according to the BMI report.  Vietnam’s retail sales growth will continue to experience strong and stable growth, underpinned by robust household spending, which is expected to grow by 11.8 percent over 2017 A combination of rapidly growing per capita income in Vietnam and the relaxing of regulations have helped bolster the sector. The country is emerging as an important market for retail expansion, the report added. Some global heavyweights are expected to also enter the scene in the near future, and Japanese giant 7-Eleven has already made its debut here recently. Vietnam’s trade ministry has projected the market's value will hit $179 billion by 2020, a jump of 52 percent from last year. The sector has a lot of room to grow in Vietnam, where more than half of a population of nearly 92 million are young and the annual average income is expected…... [read more]

Information and communication technology group FPT Corporation has sold six million shares or 30 per cent of its stake in FPT Digital Retail JSC to funds managed by and associated with Dragon Capital and VinaCapital.— Photo vietnambiz.vn Information and communication technology group FPT Corporation has sold six million shares or 30 per cent of its stake in FPT Digital Retail JSC to funds managed by and associated with Dragon Capital and VinaCapital. The deal completes the first stage of FPT’s plan to divest from its retail arm, FPT Retail, reducing its ownership to 55 per cent from the previous 85 per cent. The value of the deal was not revealed by either FPT or the two funds. FPT will still keep control over its retail unit with a post-sale 55 per cent stake, and the income from the deal may not be recorded in the group’s third-quarter earnings report. In the second stage of the divestment plan, FPT could sell an additional 10 per cent stake in FPT Retail to other investors via an initial public offering (IPO), HCM City Securities (HSC) had said in a report in July. The second stage is to be completed by the end of 2017. At the group’s annual shareholder meeting held in April, FPT Chairman Truong Gia Binh had said that selling the distribution and retail arm was a must so that FPT could become a pure ICT group with rapid growth. Andy Ho, chief…... [read more]

Participants visit an Internet of Things booth at the event. — VNS Photo Le Vy To ultilise the advantages of the Fourth Industrial Revolution (Industry 4.0), citizens must quickly be equipped with knowledge, Tran Van Tung, deputy minister of Science and Technology spoke at a forum titled “Innovation in the 4.0 era” in Ha Noi this week. Tung said that the fourth industrial revolution is developing rapidly around the world and influencing the economic development of Viet Nam and other countries. "To apply new technologies into production and socio-economic development, Vietnamese youth should equip themselves with a lot of knowledge,” the deputy minister said. “The Industrial Revolution 4.0 may take a lot of work from people but it also provides opportunities for new careers and for those who equip themselves with necessary and suitable knowledge,” Tung said. With this revolution, the number of employees in many industries such as banking might fall in the future as these industries will be entirely computerised, said Pham Minh Tuan, Founder of TOPICA Edtech Group. Artificial intelligence robots, with features that can replace humans will appear, as will durable robots with high skills and high productivity, he said. However, Tuan also said that even though technology threatened the work of humans it promoted the development of society. “Technology will change us and create a new world. Technology is to serve people.” Do Dang Duong, sales director of Lumi Viet Nam added that technology…... [read more]

The Viet Nam Software Association (VINASA) has launched a programme to choose Viet Nam’s top 50 IT companies 2017, aiming to honour the leading IT firms and connect promising partners inside and outside the country.— Photo vnexpress.net The Viet Nam Software Association (VINASA) has launched a programme to choose Viet Nam’s top 50 IT companies 2017, aiming to honour the leading IT firms and connect promising partners inside and outside the country. The programme will prioritise areas of digital transformation, Internet of Things (IoT) and new technology trends in the Fourth Industrial Revolution. According to the organising board, VINASA is receiving entries online at http://leadingitcompanies.com until August 12. Eligible companies must have been set up in Viet Nam and have been operating for at least three years.  Winners of the programme are scheduled to be announced on October 25-26 in HCM City within the framework of an international conference on smart cities and Japan IT Day 2017. In 2016, the programme honoured 20 enterprises in Business Process Outsourcing (BPO) and International Trade Office (ITO), along with 26 providers of IT solutions and services, and four digital content firms. The top 50 IT companies of Viet Nam 2016 were introduced at many world famous IT exhibitions and events. — VNS   ... [read more]

Guitarist Sungha Jung from the Republic of Korea (Photo: musicweekly.asia)     Hanoi (VNA) – The Republic of Korea's guitarist Sungha Jung will return to Vietnam for live concerts in Hanoi and Ho Chi Minh City on August 26 and 27.  The concerts will take place at the Vietnam Youth Theatre in Hanoi and the HCM City Conservatory of Music. As a Korean prodigy who started playing the guitar at the age of five, Jung is now very well-known, especially on YouTube with over 991 million views and over three million subscribers by the end of April 2015.  He has won 15 YouTube awards, including six No 1 awards. He has also composed and arranged many songs in diverse styles and has released eight albums, including his latest Mixtape in May.  The guitarist started playing the instrument when he was a child while watching his father playing. After being taught the basics by his father, Jung further developed his skills by trying to play whatever he heard or by studying online videos.  He first discovered his interest in fingerstyle guitar when he heard famous Japanese guitarist Kotaro Oshio using this special technique, where the strings are plucked with the fingertips, fingernails or picks attached to the fingers. Jung’s cover of The Pirates of the Caribbean theme song, which has had over 49 million views on YouTube, made him an Internet sensation when he was just 12 years old.    This is third consecutive year Jung has toured the country.  Tickets prices of…... [read more]

Laos marks ASEAN founding anniversary (Illustrative image. Source: internet)​ Vientiane (VNA) – A flag-raising ceremony was held in Vientiane on August 11 in celebration of the 50th founding anniversary of the Association of Southeast Asian Nations (ASEAN) and 20 years of Laos’ engagement in the bloc. Lao Foreign Minister Saleumxay Kommasith said August 8 is a significant and historical day to all ASEAN member nations as it marks the development of a regional organisation, which was established to strengthen cooperation in the spirit of equality, building peace, stability, development and prosperity in the region and beyond. Despite difficulties and challenges over the past 50 years, ASEAN has gradually evolved and gained solid achievements to become an organisation connecting regional countries, which was recognised by the international community, he said. Being an official member of ASEAN from 1997, Laos has made active contributions to the building of the ASEAN Community, bringing pragmatic benefits to Laos and ASEAN in general, he added. He took this occasion to thank ASEAN partner and dialogue countries to support and cooperate with the bloc over the past five decades. The diplomat hoped the involved parties will continue upholding the spirit of cooperation and friendship to build peace, stability, development and prosperity in the region and around the world. Established in 1967, the 10-member ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.-VNA... [read more]

VOV’s reporter Le Phuong reports on government and community efforts aimed at helping Agent Orange/Dioxin victims. Between 1961 and 1971 the US army sprayed about 80 million liters of hazardous chemicals on one-fourth of Vietnam’s southern area. The defoliant Agent Orange has had long-lasting effects on the environment, the ecosystem, and people’s health. The pain of Agent Orange/ Dioxin 4.8 million Vietnamese people were exposed to Agent Orange/Dioxin and more than 3 million people were victims of chemical warfare. Hundreds of thousands of them died and hundreds of thousands more are still struggling with fatal diseases.  Studies by the Vietnam-Russia Tropical Center have shown that Agent Orange/Dioxin causes long-lasting medical and biological consequences that can affect 3 or more generations. The health problems from which AO victims suffer have equally tragic economic effects. AO victims haven’t surrendered to their fate With support from the Party, the State, social organizations, and the community, families of AO victims have striven to overcome their difficulties. They have obtained loans to develop their production. Nguyen Thi Y of Bac Ninh province has 4 children who were born with myasthenia and paralysis.  “The Ministry of Labor, Invalids, and Social Affairs and philanthropists gave my children a computer. They learned from the computer’s internet how to transform a regular motorbike into a three-wheeled motorbike for disabled people. Their original aim was just to make one for themselves, but now they can help other people in the same…... [read more]

VOV’s reporter Le Phuong reports on government and community efforts aimed at helping Agent Orange/Dioxin victims. Between 1961 and 1971 the US army sprayed about 80 million liters of hazardous chemicals on one-fourth of Vietnam’s southern area. The defoliant Agent Orange has had long-lasting effects on the environment, the ecosystem, and people’s health. The pain of Agent Orange/ Dioxin 4.8 million Vietnamese people were exposed to Agent Orange/Dioxin and more than 3 million people were victims of chemical warfare. Hundreds of thousands of them died and hundreds of thousands more are still struggling with fatal diseases.  Studies by the Vietnam-Russia Tropical Center have shown that Agent Orange/Dioxin causes long-lasting medical and biological consequences that can affect 3 or more generations. The health problems from which AO victims suffer have equally tragic economic effects. AO victims haven’t surrendered to their fate With support from the Party, the State, social organizations, and the community, families of AO victims have striven to overcome their difficulties. They have obtained loans to develop their production. Nguyen Thi Y of Bac Ninh province has 4 children who were born with myasthenia and paralysis.  “The Ministry of Labor, Invalids, and Social Affairs and philanthropists gave my children a computer. They learned from the computer’s internet how to transform a regular motorbike into a three-wheeled motorbike for disabled people. Their original aim was just to make one for themselves, but now they can help other people in the same…... [read more]

South Korean guitarist Sungha Jung will return to Việt Nam for live concerts in Hà Nội and HCM City on August 26 & 27.  South Korean guitarist Sungha Jung will perform in Hà Nội and HCM City on August 26 & 27. -  Photo musicweekly.asia The concerts will take place at the Việt Nam Youth Theatre and the HCM City Conservatory of Music. A Korean prodigy who started playing the guitar at the age of five, Jung is now very well-known, especially on YouTube with over 991 million views and over three million subscribers until the end of April 2015.  He has won 15 YouTube awards, including six No 1 awards. He has also composed and arranged many songs in diverse styles and has released eight albums, including his latest Mixtape in May.  The guitarist started playing the instrument when he was a child while watching his father playing. After being taught the basics by his father, Jung further developed his skills by trying to play whatever he heard or by studying online videos.  He first discovered his interest in fingerstyle guitar when he heard famous Japanese guitarist Kotaro Oshio using this special technique, where the strings are plucked with the fingertips, fingernails or picks attached to the fingers. Jung’s cover of The Pirates of the Caribbean theme song, which has had over 49 million views on YouTube, made him an Internet sensation when he was just…... [read more]

Six Vietnamese engineering students have been awarded fellowships to pursue master degrees at the US-based Arizona State University (ASU) as part of a plan to prepare skilled manpower for HCM City’s Smart City project. An overview of Ho Chi Minh City Intel Products Vietnam Co., Ltd (IPV) in partnership with ASU via the Higher Engineering Education Alliance Program 2.0 (HEEAP 2.0) offered six Grand Challenges Masters Fellowships to high-performing senior graduate students from universities in Hanoi, Hue and HCM City. It is another commitment with Vietnam made by Intel, not only supporting HCM City in training high-quality human resources but also contributing to the city’s vision for applying the Internet of Things (IoT) in the Smart City project, said IPV General Manager Sherry Boger. The awarded students will begin their courses at the ASU on August 17 and graduate one year later.  They will focus on research and project based solutions (including IoT solutions) geared towards developing a smart city for HCM City. The students will then return to Vietnam to work with the city’s departments and agencies in the Smart City development for 3 years.  The project will cover various fields, including reducing traffic congestion and accidents, coping with environmental pollution and urban flooding, enhancing manpower quality, administrative reforms, e-government services, and urban development. VNA... [read more]




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