Author: Kevin Le

IBM Institute for Business Value says that 56 per cent of Vietnamese enterprises are using cloud management platforms. — Photo qdnd.vn  Compiled by Thiên Lý According to Viettel IDC, the Vietnamese cloud computing market is worth around US$133 million and is expected to grow to $500 million by 2025. A survey by the IBM Institute for Business Value (IBV) has found that Vietnamese enterprises plan to increase their rate of expenditure on hybrid cloud services from the current 41 per cent  to 43 per cent by 2023. Hybrid cloud refers to a mixed computing, storage and services environment made up of…

  Customers buy pork at a supermarket in HCM City. The city and pork distributors have ensured adequate supply of the meat at below market prices for Tết . – VNS File Photo HCM CITY – HCM City distributors have stockpiled enough pork to meet demand during Tết (Lunar New Year) in mid-February, Lê Huỳnh Minh Tú, deputy director of the city Department of Industry and Trade, has said. The CP Livestock Joint Stock Company is for instance committed to supplying price-stabilised pork through 12 outlets in HCM City. Nguyễn Trọng Trí, its deputy sales director, said his company would meet 30 per cent…

A plan of the United States Enterprises plant. The central city’s industrial zones and hi-tech park authority has granted an investment licence to the United States Enterprises plant project worth US$110 million. Photo courtesy of DHPIZA ĐÀ NẴNG — Đà Nẵng City’s industrial zones and high-tech park authority (DHPIZA) has granted an investment licence to a semiconductor project worth US$110million from the firm United States Enterprises. Head of the DHPIZA, Phạm Trường Sơn, said the project was invested by the Hayward Quartz Technology Inc – a leading supplier supporting all major original equipment manufacturer (OEM) in the semiconductor business segment and an authorized quartz…

  Alberto Salazar, a resident reporter of the Latin American News Agency Prensa Latina in Việt Nam HÀ NỘI — The 13th National Party Congress, scheduled to take place in Hà Nội from January 25 to February 2, is attracting attention both in Việt Nam and around the world, as it will mark an important milestone in setting out orientations for the country’s reforms, integration and development in the future. Alberto Salazar, a resident reporter of the Latin American News Agency Prensa Latina in Việt Nam, told the Vietnam News Agency (VNA) that the 13th National Party Congress would…

  Takashi Hosoda, an expert on the Asia-Pacific from Charles University in the Czech Republic HÀ NỘI — Việt Nam’s foreign policy of multilateralisation and diversification of external relations has contributed to enhancing the country’s position in the region and the world, foreign experts have said.  In an interview recently granted to Vietnam News Agency correspondents based in Prague ahead of the upcoming 13th National Congress of the Communist Party of Vietnam, Dr. Takashi Hosoda, an expert on the Asia-Pacific from Charles University in the Czech Republic, noted that over the past years, Việt Nam has achieved…

  Việt Nam had the ninth highest remittances in the world last year of US$15.7 billion.  — Photo tapchitaichinh.vn HCM CITY — Inward remittances to Việt Nam topped US$15.7 billion last year, the ninth highest in the world. While globally remittances decreased by 7 per cent last year due to COVID-19 according to the World Bank, Việt Nam was not affected much. In 2019, the country’s remittances topped US$16.7 billion, of which $5.3 billion came to HCM City Trần Quốc Anh, head of HDBank’s personal customers division, said remittances via his bank were up by more than 40…

  Viet Capital Securities reports outstanding growth last year. — Photo courtesy of VCSC HCM CITY — Viet Capital Securities’ net revenues increased by 12 per cent last year to VNĐ1.73 trillion (US$75.02 million) and were 25 per cent above the target it had set for itself.  Profit after tax was VNĐ769 billion ($33.34 million), an increase of 11 per cent. Income from brokerage was VNĐ439 billion ($19.03 million), a 35 per cent increase. VCSC ranked fourth on the Ho Chi Minh City Stock Exchange last year with a brokerage market share of 7.69…

  The India-Việt Nam Business Forum was held in HCM City last week in the form of virtual and in person. — VNS Photo HCM CITY — Trade and investment ties between Việt Nam and India, both dynamic and rapidly developing economies, are not commensurate with the potential and need to be enhanced, according to their officials and diplomats.  Speaking at an online and face-to-face webinar on the India –Việt Nam Investment Forum held in HCM City last week, Pranay Verma, India’s ambassador to Việt Nam, said Việt Nam was an important trade and investment partner for his country, but…

Vietnam’s economy has gained many important and comprehensive achievements in the 2016-20 period, helping highlight the country’s success in 35 years of Đổi mới (Renewal) process. Assessing the Vietnamese economic achievements, many international organizations have recently noted Vietnam as “a legendary story”, “a rising star”, or “the brightest economy” in Asia. The country is considered the world’s success story as its economic growth has been among the world’s strongest over the past decade. After 5 years of implementing the Resolution of the 12th National Congress of the Communist Party of Vietnam, the country’s economy has gained many important achievements and outstanding…

 The National Payment Corporation of Việt Nam (Napas) last week said it would work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit. The domestic credit chip cards are expected to be officially launched this week. The seven banks include Việt Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Bản Việt Joint Stock Commercial Bank (VCCB), Asia Commercial Bank (ACB), HCM City Housing Development Commercial Joint Stock Bank (HDB), Bảo Việt Bank (BVB), Sài Gòn Thương Tín (Sacombank) and Việt Nam Thương Tín (Vietbank). Previously, four State-owned…