The Vietnam Internet Ecosystem Forum in Singapore on April 13 discussed the development of the Vietnamese internet economy. (Photo courtesy of the VNG) Singapore (VNA) - The high rate of technology adoption in Vietnam presents vast opportunities for growth, according to Le Hong Minh, co-founder, chairman and CEO of technology company VNG Corporation. In the field of mobile payments, for example, Minh said that by demand alone, “five years from now, Vietnam could have 40 million transactions per year, 40 times the current capacity of the banking system”. However, "Vietnam still faces challenges to fully exploit this opportunity," he said at the Vietnam Internet Ecosystem Forum held recently in Singapore. “Vietnam lacks people who really understand and are fully committed to this tremendous change,” Minh said. As a result, businesses still lag behind consumers in technology adoption. Minh said that to bridge this gap in human … [Read more...] about Vietnam’s growth rate in internet services to soar
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Growth rate in internet services to soar
The Vietnam Internet Ecosystem Forum in Singapore on April 13 discussed the development of the Vietnamese internet economy. Photo courtesy of the VNG SINGAPORE— The high rate of technology adoption in Việt Nam presents vast opportunities for growth, according to Lê Hồng Minh, co-founder, chairman and CEO of technology company VNG Corporation. In the field of mobile payments, for example, Minh said that by demand alone, “five years from now, Việt Nam could have 40 million transactions per year, 40 times the current capacity of the banking system”. However, "Việt Nam still faces challenges to fully exploit this opportunity," he said at the Vietnam Internet Ecosystem Forum held in Singapore on April 13. “Việt Nam lacks people who really understand and are fully committed to this tremendous change,” Minh said. As a result, businesses still lag behind consumers in technology … [Read more...] about Growth rate in internet services to soar
Undersea cable incident affects internet service
Illustrative image (Source: fwallpapers.com) Hanoi (VNA) - The Intra Asia (IA) cable system connecting Vietnam to Hong Kong and other parts of Asia encountered a power failure on January 10 morning, affecting the speed of internet connection of local users. Internet service provider Viettel said on January 12 that the disruption has happened at several points off Singapore’s shore. The cable is being repaired but there is no confirmation on when the IA will resume full operations. Several internet service providers said they had rerouted and transferred signals to other cable systems to minimize the impacts on users. The 6,800 km (4,225 miles) undersea cable system was officially launched in November 2009, connecting Vietnam, Singapore, the Philippines, Hong Kong and Japan. More than 50 million people in Vietnam, or over half of the country’s population, are online.-VNA … [Read more...] about Undersea cable incident affects internet service
Vietnam’s internet service to slow down after undersea cable rupture
By Nguyen Quy  January 12, 2019 | 05:25 pm GMT+7 People surf internet on their phones at a park in Ho Chi Minh City. Photo by VnExpress/Quynh Tran Internet connections in Vietnam are expected to drag for weeks as an international submarine internet cable undergoes repairs. The Intra Asia (IA) cable system connecting Vietnam to Hong Kong and other parts of Asia encountered a power failure Thursday morning, local media reported Saturday, citing a source with local internet service provider Viettel. The disruption has happened at several points off Singapore’s shore, Viettel said. The cable is being repaired but nobody is sure when the IA will resume full operations. Several internet service providers have said they are ready to reroute and transfer signals to other cables to minimize the impacts on users. Disrupted internet cables are unfortunately common in Vietnam. The 6,800km (4,225 miles) undersea cable was officially launched in November 2009, … [Read more...] about Vietnam’s internet service to slow down after undersea cable rupture
APG international cable down, disrupting Internet connections
The Vietnam Posts and Telecommunications Group (VNPT), one of the country’s largest Internet service providers, confirmed the incident on February 28. VNPT said in response to the situation, it has re-directed the Internet traffic to other cable systems and been working with foreign partners to ensure the quality of Internet services, so customers would not be severely affected due to the problem. In 2017, the APG experienced two ruptures on June 20 and December 23. It is the second time this year that the cable system has been interrupted, following the the first caused by the expansion of Changi Airport in Singapore. … [Read more...] about APG international cable down, disrupting Internet connections
Greater Spending On The Internet
Greater Spending On The InternetBy Tuyet AnYahoo! and Kantar Media have just issued the results of a survey on Internet use in Vietnam, Net Index 2010. Spending on the Internet is on the rise and the prospects for e-commerce bright.Net Index 2010, undertaken by Kantar Media, surveyed 1,500 people aged 15 and over in four big cities, Hanoi, HCM City, Danang and Can Tho. Last year saw significant shifts in the number of users, websites, social stratification and expenditure on the Internet. Net Index 2010 offers insights into popular activities such as emailing, searching and chatting, and analyzes trends in Internet use, including social networking sites and other online channels.The survey in 2010 indicates that expenditure on Internet services in the four cities in 2009 rose by 20% year-on-year on average, VND210,000 per month in 2009 as compared with VND174,000 per month in 2008. The steepest rise was in Can Tho, from VND115,000 in 2008 to VND192,000 in 2009,which surpassed … [Read more...] about Greater Spending On The Internet
US and Vietnam discuss internet management
Internet management in Vietnam has been the key topic for discussion at the meeting between Minister of Information and Communications Truong Minh Tuan and US ambassador to Vietnam, Ted Osius on Tuesday.At the meeting, Tuan asked the US to help in persuading Google and Facebook to open representative offices in Vietnam so that they can co-operate better with the Vietnamese government in running their services."With a population of 92 million, including 70 million internet users and 52 million Facebook accounts, we've been paying much attention to developing Internet services in order to ensure the right to access information," Tuan noted. "But we need to prevent information with bad content that can have harmful effects on the safety of our people or culture and tradition. So we need these social network providers to follow our laws while operating in Vietnam." Replying, the US ambassador responded with Google's concerns on the several internet ‘management rules’ in … [Read more...] about US and Vietnam discuss internet management
CMC Telecom – Best enterprise telecom service company in Vietnam 2017
VietNamNet Bridge - On 26/1/2018, CMC Telecom was selected by International Finance Magazine - the prestigious British magazine in the field of finance and banking – as the best enterprise telecom service company in Vietnam 2017. Mr. Azhar Bin Adnan (right) - CMC Telecom Marketing Director and Mr Pham Nguyen (left) – Deputy Director of CMC Telecom Northern Branch receives the Best Telecom Service Provider for Enterprises in Vietnam 2017 from the International Finance Magazine Awards.In the category of Telecom Awards, CMC Telecom was selected as the best Telecom Service Provider for Businesses in Vietnam for its outstanding contributions and services to financial, banking, insurance, and e-commerce firms in Vietnam. This is an annual poll from the world's leading financial magazine - International Finance - with the participation of enterprises from more than 185 countries worldwide.International Finance annually analyzes, assesses and awards the top firms in the eight … [Read more...] about CMC Telecom – Best enterprise telecom service company in Vietnam 2017
Internet service to be disrupted this weekend
An internet user. — Photo Vietnamplus.vn Hanoi (VNS/VNA) - The internet service connecting Vietnam with other countries is expected to be affected this weekend due to a disruption in the submarine cable systems of Asia-Pacific Getaway (APG) and Asia-America Getaway (AAG). According to internet service providers, the APG submarine cable system would be moved from its current position to another place because of the Singapore government’s plan to expand Changi Airport. As scheduled, the shift would happen between 12am on January 6 and 10pm on January 7. Meanwhile, the AAG submarine cable system’s operator also intends to conduct a reconfiguration of its cable system on January 6. The reconfiguration is scheduled to be completed on January 9. A representative of VNPT Telecom – an internet service provider – said it had already prepared plans to ensure the quality of internet service for customers would not be severely affected this weekend. However, … [Read more...] about Internet service to be disrupted this weekend
Internet service in Vietnam to be disrupted this weekend
According to internet service providers, the APG submarine cable system would be moved from its current position to another place because of the Singapore government’s plan to expand Changi Airport. As scheduled, the shift would happen between 12am on Saturday and 10pm on Sunday, the Vietnamplus online newspaper reported.Meanwhile, the AAG submarine cable system’s operator also intends to conduct a reconfiguration of its cable system on Saturday. The reconfiguration is scheduled to be completed on January 9.In response to the situation, a representative of VNPT Telecom – an internet service provider – said it had already prepared plans to ensure the quality of internet service for customers would not be severely affected this weekend.However, these submarine cable systems are the two main cable systems connecting Viet Nam with other countries, therefore, a disruption in service was unavoidable, according to the VNPT Telecome representative.“We hope our … [Read more...] about Internet service in Vietnam to be disrupted this weekend