Technology

  Wooden furniture produced at the Quảng Ngãi Province-based Hoàn Vũ JSC to export to Sweden, the US and Germany. — VNA/VNS Photo Vũ Sinh HÀ NỘI – Vietnamese firms should hasten technological development to position the country as a global manufacturing centre, Swedish experts said at a seminar on Tuesday. According to Jennie Cato from the Swedish Association for Engineering Industries, technology had progressed and offered a broad range of advantages for the world’s socio-economic development. In Sweden, at least 50 billion krona (about US$5.2 billion) was spent each year for 2010-17 on technology research and development (R&D), making the country home to a concentration of high-tech companies, Cato said. R&D, with an intensive industrial community, was one of the three key strongholds for Sweden’s science and technology sector, she said, adding tech … [Read more...] about Tech key to position VN as a manufacturing leader

With a population of more than 93 million people, including many youngsters, Vietnam has the capacity to take advantage of new technology trends such as Internet of Things (IoT), Artificial Intelligence (AI) and blockchain. Besides the Governments’ macro policies to boost corporate restructuring, entrepreneurial ideas will promote the financial ecosystem and boost leverage for business development. To Thi Thu Huong, Deputy Head of the Information Technology Department under the Ministry of Information and Communications, speaks at the summit. Photo: Forbes Vietnam Vietnam is among the 10 most attractive countries for software outsourcing in the region and the world, according to To Thi Thu Huong, Deputy Head of the Information Technology Department under the Ministry of Information and Communications. The country took top spot in the Business Process Outsourcing (BOP) Index of the global real estate adviser Cushman & Wakefield in 2016. It is home to nearly … [Read more...] about Technology helps create breakthrough for startup development

Foreign hackers attack hundreds of agencies in VietnamThe Saigon Times Daily A screenshot of an email from hackers asking for a ransom. The servers of hundreds of agencies in Vietnam have been attacked by foreign hackers – PHOTO: BKAV HCMC - Vietnamese internet security firm Bkav announced on security forum Whitehat.vn that it has detected deliberate attacks by foreign hackers on servers offering services in Vietnam. As of February 14, victims of the attacks amounted to hundreds of agencies and organizations, VietnamPlus reported. These agencies, whose specific names were not revealed, had their servers hacked and all data encrypted. The attacks reportedly originated from Russia, Europe and Americas. The hackers have applied a dictionary attack, one version of the classic hacking method called a brute force attack, to obtain the usernames and passwords of servers running on Windows operating systems. On cracking the passwords, the hackers log into these computers through … [Read more...] about Foreign hackers attack hundreds of agencies in Vietnam

The digital economy era has arrivedBy Nguyen Khac Giang An e-payment being made in a coffee outlet in HCMC. There is no evidence for the rise of the digital economy more convincing than a look into how we loosen our purse strings: The number of online transactions via domestic cards in 2017 grew 50% from 2016, whereas their value surged 75% - PHOTO: THANH HOA This year is a very important time for the digital economy of Vietnam, when the gig economy will take a bigger slice of the cake. More than a decade ago, it was easy to catch sight of people waiting in queue to withdraw cash from an ATM. Back then, salary payment through banks was still a quite new practice. Most workers found it troublesome to get their pay with a card, since there was more to do before cash went into their wallets. Today, office workers transfer their salaries to an e-wallet, or directly use Internet banking for shopping. Payment of power and water bills, purchase of prepaid scratchcards, or debt … [Read more...] about The digital economy era has arrived

Trust Union launches financial service dapp in HCMCBy Minh Tuan Trust Union CEO Markus Patrick Chan (C) at the launch ceremony of Trust Union dapp - PHOTO: MINH TUAN HCMC - Trust Union dapp, the world’s first personal financial relationship and credit asset management service platform based on blockchain technology, was launched by Hong Kong-based Trust Union Company in HCMC last week. The dapp is expected to establish an efficient and secure data and value chain for financial relationships between individuals by providing effective lender-borrower matching and smart contracts. All personal financial data is securely encrypted using blockchain technology, ensuring there is no privacy leak within the chain. Under Trust Union dapp’s Smart Contracts, the borrower’s receipt is created instantly, matching the loan request with idle cash. In the Financial Light Intelligence Contract Library, lenders and borrowers can easily set contract terms such as loan amount, … [Read more...] about Trust Union launches financial service dapp in HCMC

Viettel licensed to pilot 5G in major citiesThe Saigon Times Daily Two young people are seen using smartphones in this file photo. Local telecom carrier Viettel has been licensed to pilot the 5G mobile service in Hanoi and HCMC – PHOTO: THANH HOA HCMC - Minister of Information and Communications Nguyen Manh Hung has signed a decision permitting Viettel Military Industry and Telecoms Group to pilot a fifth-generation (5G) mobile service in HCMC and Hanoi for one year starting January 22, VnEconomy reported. Accordingly, Viettel becomes the first telecom carrier in the country to be licensed for launching the service on a trial basis, aiming to assess technical functions and the possibility of offering the 5G service on a wider scale, with the pilot scale not exceeding 73 sites in the given cities. Also, Viettel will not charge service users during the pilot operations. A Viettel representative on January 23 told VnEconomy that Viettel would map out plans on sites and … [Read more...] about Viettel licensed to pilot 5G in major cities

New ride-hailing app put into serviceBy My Huyen MVL founder Kay Woo speaks at a press conference to launch the TADA ride-hailing service, held on January 21 in HCMC – PHOTO: MY HUYEN HCMC - MVL Technology, a Singapore-based technology firm, has put into service its ride-hailing app, called TADA, for the local market following the lifting of its suspension since August last year. TADA will focus on service quality to attract and retain customers in the long run, instead of offering multiple discounts, MVL founder Kay Woo told a press conference on January 21 in HCMC. MVL tapped into the Vietnamese market in May last year and started business registration procedures; it was licensed this month. The firm had suspended its operations to gain extra time to study the local laws thoroughly and adjust its products to meet the demand of the Vietnamese people, Kay explained. Addressing the event, Kay said that MVL would not offer discounts to gain more customers but would keep … [Read more...] about New ride-hailing app put into service

Vietnam to pilot 5G service next yearBy Van Ly Customers test the locally made Bphone 3 at a launch event. Vietnam will make 5G service available in 2020 - PHOTO: VAN LY HANOI – Vietnam will pilot a fifth-generation (5G) network next year and officially provide the service in 2020, said Minister of Information and Communications Nguyen Manh Hung. At a seminar on Vietnam’s innovation, jointly held by the Ministry of Information and Communications and the Party Central Committee's Economic Commission on November 14, Minister Hung said that 5G would make mobile internet speed much faster than 3G and 4G, helping the country develop the economy and keep pace with other countries. Experts participating in the seminar also agreed that new technologies, especially 5G, would help the country keep abreast of the Fourth Industrial Revolution. According to Hung, 2G technology was developed in 1990, and Vietnam launched a 2G mobile network three years later. However, the … [Read more...] about Vietnam to pilot 5G service next year

Vietnam Web Summit 2018 to highlight AI, blockchain technologiesBy Chi Thinh A speaker gives a presentation on the tech-talk app at Vietnam Web Summit 2017 – PHOTO: TECHTALK HCMC – The highlight of Vietnam Web Summit 2018, the largest annual web and internet festival in Vietnam, is expected to be the presentations by experts on the application of new technologies, such as artificial intelligence (AI), blockchain, Big Data and virtual reality, to various fields. Several leading technology groups in Vietnam such as FPT, KMS Technology, Zalo Business and Appota will attend the event, providing updates on new technology trends. Besides this, a host of speakers will focus on presenting opportunities for business development with the application of new technologies. Vietnam Web Summit 2018 will feature hot topics in the technology sector, related to blockchain, cloud computing, cyber security, product management and digital marketing. This year’s event, organized … [Read more...] about Vietnam Web Summit 2018 to highlight AI, blockchain technologies