Cybersecurity, data management crucial for fintech developmentBy Thuy Dung HANOI - The State Bank of Vietnam (SBV) encourages cooperation between commercial banks and financial technology (fintech) companies but urges the enhancement of cybersecurity and data management to safeguard consumers’ interests and stabilize the banking system, officials said. At a seminar titled, “The Fourth Industrial Revolution and Innovations in the Finance-Banking Sector,” held by National Economics University on June 12, Le Anh Dung, director of the Payment Department under SBV, noted that the central bank will manage fintech firms based on risk assessment instead of their compliance with general principles. According to experts at the seminar, fintech companies have significantly affected the banking system, having transformed banks’ business and administration models into digital ones by applying the achievements of the Fourth Industrial Revolution. In addition, fintech firms … [Read more...] about Cybersecurity, data management crucial for fintech development
Cloud management service providers
VNPT targets to be leading digital service provider in Vietnam
Officially established in April 2018, VNPT-IT is a business having dependent accounting and a member of the VNPT. It has the responsibility to research and develop integrated information and communication technology (ICT) solutions to serve VNPT’s customers or independent clients and even foreign ones. This will make VNPT-IT a new pillar in producing software and IT applications of the whole Group, helping it achieving breakthroughs in the period of 2017 – 2025 in order to transform from a conventional telecommunications service provider to a supplier of multi-services, including telecommunications, information technology, and digital services. According to Mr. Ngo Dien Hy, Director of VNPT-IT, the assigned responsibility is truly challenging. To fulfill it, his company will integrate cutting edge technologies like AI, Bigdata, and Cloud into the services to offer more benefits to customers while increasing the competitiveness of VNPT’s products. The company’s … [Read more...] about VNPT targets to be leading digital service provider in Vietnam
Data flows remain unopened
Viet Nam has many opportunities to develop a digital economy, but the country’s legal framework on cross-border data flows is still "unopened", according to the Asia Cloud Computing Association (ACCA).— Illustrative Photo doanhnhanviet.net.vn Viet Nam has many opportunities to develop a digital economy, but the country’s legal framework on cross-border data flows is still "unopened", according to the Asia Cloud Computing Association (ACCA). The Central Institute for Economic Management (CIEM) and ACCA jointly organised a workshop on cross-border data flows to improve the framework for digital economic development on Thursday. Lim May Ann, ACCA executive director, announced the report "Cross-border data flow: A review of the regulatory enablers, blockers and key sectoral opportunities in five Asian economies: India, Indonesia, Japan, the Philippines and Viet Nam" at the meeting. The report provides an overview of the legal status of data management in the five … [Read more...] about Data flows remain unopened
How to avoid cloud risks
Robert Trong Tran, director of Cyber Security Assurance Service at PwC, talks to VIR about how to avoid cloud security pitfalls. Potential cloud threats In Vietnam, the importance of cloud security has often been underestimated. Many business leaders still consider cloud services as the best solution for ensuring data security. This is not entirely accurate. The aforementioned incidents had several things in common. All occurred on a public cloud, where security configurations are sometimes complex, disjointed from on-premises standards, and often misunderstood. All companies could have benefited from a more detailed design and implementation of cloud infrastructure, business processes and security policies, and all suffered from a vaguely defined ‘shared responsibility model’ that created exploitable loopholes. It doesn’t end there. In the broader market, there are many common pitfalls which are often left unaddressed. According to the Lloyd’s Class of Business … [Read more...] about How to avoid cloud risks
Mat Bao Corp becomes Microsoft cloud solution provider
Phan Tu Quyen, senior manager at Microsoft’s Strategic Partnership and Enterprise, and Huynh Ngoc Duy, Mat Bao Corporation’s managing director, sign cooperation agreement in HCM City on March 23. — VNS Photo Mat Bao Corporation has become a Microsoft cloud solution provider tier 1 in Viet Nam following an agreement the two signed on March 23 in HCM City. With cloud technology, businesses can digitise huge amounts of data and store them in virtual servers (cloud). This enables small and medium-sized enterprises, who are not able to afford huge data storage infrastructure, to apply IT systems at a reasonable cost. Mat Bao will consult and provide typical Microsoft solutions and services like Office 365, Mircrosoft Azure, Dynamics 365, SharePoint, Skype for Business, OneDrive, CRM, Exchange Online, Yammer and others. Most businesses use Microsoft Office, but Office 365 on cloud helps businesses save cost while improving employees’ performance, Huynh Ngoc Duy, Mat … [Read more...] about Mat Bao Corp becomes Microsoft cloud solution provider
Tomorrow’s IT forecast: Cloudy
The world of IT is quickly moving from being PC-based to network-based and most major IT companies have come to agree that cloud computing will be the future of IT. Juniper Network Vietnam's manager Ha Huy Hao spoke recently with Tuan Anh about this inevitable trend. What is cloud computing? Cloud computing can be summed up as a “pool of highly scalable, abstracted infrastructure, capable of hosting end-customer applications that are billed by consumption.” In a cloud computing environment; software, infrastructure, platform and data will be provided as services referred to as SaaS, IaaS, PaaS and DaaS (Software as a Service, Infrastructure as a Service, Platform as a Service and Data as a Service).End users do not need to be concerned with underlying infrastructure when developing an application for deployment in the cloud, while the infrastructure provided can expand and contract automatically based on capacity needs. Ha Huy Hao … [Read more...] about Tomorrow’s IT forecast: Cloudy
CyberPower Has Authorized Avnet as Its Official Distributor in Vietnam Market
CyberPower Has Authorized Avnet as Its Official Distributor in Vietnam Market CyberPower, the world-leading UPS provider and producer of innovative energy-saving GreenPower UPS™ technology, proudly announce they have signed an agreement with Avnet, a leading global technology distributor, making them an official distributor for the Vietnam market. The agreement means Avnet Technology Solutions becomes one of two CyberPower distributors for Vietnam. This partnership will enable Avnet to provide partners with CyberPower’s full product offering including all single-phase and three-phase UPS products (up to a maximum 900KVA), Emergency Power Systems (EPS), solar systems, power distribution units, and surge protector. “For the past few years, CyberPower has been a dominant leader in the field of power solution around the world. Today, we are very excited that we have achieved another breakthrough by partnering with Avnet in the Vietnam market,” said Nguyen Minh … [Read more...] about CyberPower Has Authorized Avnet as Its Official Distributor in Vietnam Market
Social News 29/1
Exhibition praises victory of 1968 Tet OffensiveCommando Ba Mu (whose real name is Do Van Can) disguised himself as a rubber latex collector to fool the enemy. He used a tricycle to transport weapons to serve the South Vietnam liberation forces during the 1968 Tet Offensive.The tricycle is on display at exhibition that has opened in Hanoi.Entitled The Epic of the 1968 Tet Offensive, the exhibition celebrates the 50th anniversary of the victory of the campaign.The exhibition displays more than 300 images, documents and objects. Ba Mu’s tricycle is one among many objects showcased to the public for the first time.The exhibition is divided into three parts: devotion for the battlefield, the historical turning point and echoes of the epic. They depict the determination of Vietnamese people and soldiers in fighting for peace and liberation.“The Military History Museum of Vietnam organised the exhibition with the aim of asserting the historical magnitude and significance of the … [Read more...] about Social News 29/1
Tech firms rush out patches for ‘pervasive’ computer flaw
Amid a frantic rush to patch a computer security flaw, experts struggled Thursday to determine the impact of a newly discovered vulnerability which could affect billions of devices worldwide. Cybersecurity researchers called for computer systems to urgently install updates a day after the release of details of the so-called Spectre and Meltdown vulnerabilities affecting the chips powering most modern PCs and many mobile devices. Researchers on Wednesday published details of the flaw, which unlike many other vulnerabilities stems from the chip itself and how it safeguards private data stored on computers and networks. The researchers at Google showed how a hacker could exploit the flaw to get passwords, encryption codes and more, even though there have been no reports of any attacks using the vulnerability. "The full extent of this class of attack is still under investigation and we are working with security researchers and other browser vendors to fully understand the threat and … [Read more...] about Tech firms rush out patches for ‘pervasive’ computer flaw
Cloud computing service market becomes bustling
Cloud computing service market becomes bustlingBy Ha Van - The Saigon Times DailyHCMC – The cloud computing service market in Vietnam has turned more bustling than ever as several information technology enterprises are in a race to tap strong growth potential of this service.Nguyen Van Hien, general director of iNet Solutions, said service providers have begun finishing infrastructure and commercializing their cloud computing services. Small and medium enterprises will be their strategic customers as cloud computing can help them cut the investment cost of information technology, he added.According to experts, the cloud for enterprises mainly focuses on the public cloud and private cloud, helping them reduce costs and use the service flexibly. The market has now attracted the participation of both local and foreign providers.Vu Minh Tri, CEO of Microsoft Vietnam, said the cloud computing service market in Vietnam would grow rapidly in the coming time, especially in the small and … [Read more...] about Cloud computing service market becomes bustling