The World Economic Forum (WEF) is holding a summit in September, called WEF ASEAN 2018, focusing on regional entrepreneurship and the impacts of the fourth industrial revolution on regional economies and business community. Justin Wood, WEF Head of Asia-Pacific Region, talks to Viet Nam News reporter Hoang Son on the issues facing local startups and businesses. Why is the WEF focusing on entrepreneurship, the private sector and the fourth industrial revolution at the upcoming event? The WEF is very focused on the fourth industrial revolution all the time, not just this event. Our chairman, Professor Klaus Schwab, feels very strongly that technology is moving at a faster rate and the speed of change is accelerating. He feels that if we look at the world today, we can see so many disruptive technologies, including blockchain, artificial intelligence, drones, advanced robotics and so on. He feels that these technologies are going to be deeply disruptive and transformative to the economy, … [Read more...] about VN needs to increase innovation capacity
How much workers compensation insurance do i need
Smart homes and smart cities do not need to be costlyBy Ngoc Tran Tan Kee Hau, Executive Director of Antik Technology – PHOTO: NGOC TRAN The Saigon Times had an interview with Tan Kee Hau, Executive Director of Antik Technology, a Slovak high tech company, on smart homes and smart cities. He was recently in HCMC for a new tech exhibition. The Saigon Times: What do you mean by smart homes? - Tan Kee Hau: In a smart home, today, you are able to control many home appliances using connected technology. Actually, you can also control them using TV to control. So, while you are sitting on the sofa watching TV, you can control your home appliances. If I am away from home, can I control those appliances via a smartphone? - It is possible. But you need the internet. Your smartphone needs to be connected to the internet. And you can control everything, even if you are 1,000, 10,000 kilometers away from home. Please give details. What are we controlling with your system? … [Read more...] about Smart homes and smart cities do not need to be costly
Workers over 30 years old at foreign direct investment firms are facing risk of layoff after years of working with insurance payments increasing year by year. Instead, their bosses tend to recruit young new workers with lower wages and insurance. When checking recruitment information, a common thing that labourers often look for is how much they will get. Few notice the information about eligible age. Not over 35. Age from 18-35. It’s not difficult to see this kind of information at industrial parks in Da Nang city. Many people are now not eligible for the vacancy. Ngo Van Tuan, worker in Da Nang city said "it’s hard for me to get a job since I’m over 35 years old now. Private firms may recruit me, but FDI firms... no." For these women, their most worry is unemployment when getting over 35. Lại Thị Quỳnh said she could not renew her contract since the firm said it sees lower turnover. "Many enterprises want workers under 25 years old … [Read more...] about Workers over 30 face high risk of unemployment
Carina Plaza's management board could propose the insurance company to pay 50 per cent of compensation Regarding insurance compensation for the Carina Plaza fire, is it true that not all insurance holders are compensated because the liability policy may only cover parts, rather than the whole, of the resident’s properties? In this case, apart from the residents who suffered injury or damages to their personal properties, the fire also involved two other subjects: the developer and the management board. The three parties can contact relevant agencies to make claims for damages based on the principle that all parties are in strict compliance with the law. First of all, the developer and the management board, as they are the main individuals to be held accountable for the fire, should contact the company where they have purchased their insurance packages to look for assistance and fill out a compensation claim. The developer and the management board may review their fire … [Read more...] about Carina Plaza fire: management board to compensate uninsured residents
Gibs S. Song, Partner at California-based venture capital company Big Basin Capital.� Photo Last year marked an important milestone in the Vietnamese start-up community, featuring Government Scheme 844 towards a national innovation ecosystem by 2025, with attention from investors and the State as well. However, most local start-ups are in their early stages with limited capacity and capital-related obstacles. Viet Nam News reporter Phuong Uyen talks to Gibs S. Song, a partner at California-based venture capital company Big Basin Capital and start-up investor in Viet Nam, about the key to the country’s start-up development and the possibility of a venture capital investment system. Why did you decide to come to Viet Nam as an investor? After I retired from my long-time employment at Samsung Electronics Co., I became an angel investor, and later I joined a fund as an institutional investor. I wanted to move to a different country, and among all the countries I have visited, … [Read more...] about VN’s startups need innovation, more investment
After making headlines when Forbes welcomed him into its world billionaires’ club with a net worth of $1.3 billion, Tran Dinh Long – Chairman of Hoa Phat Corporation, a private industrial production group specializing in steel, told reporters how he balances between work and family as well as tough decisions made along his way to the top. Upon learning that your name was on the 2018 list of Forbes’ world billionaires, what did you and your family think? We didn’t really mention anything about it, for me it’s just a title. As for my company, it will continue to function normally, with or without the title. What makes me happy is the fact that among the list was my name and Tran Ba Duong’s – Chairman of Truong Hai Auto Corporation. We are both representatives of two businesses working in industrial production. For a country with new and developing technologies like Vietnam, a billionaire in such an industry is bound to show up. However, even … [Read more...] about ‘What’s most important is you do your job well,’ Vietnam’s King of Steel on road to billionaire
In the food processing industry, trans-fat is created by adding hydrogen atoms to vegetable oil, or by heating vegetable oil to a high temperature. The goal is to improve the textures of ingredients and to increase their shelf life, as well as give the food a better taste. Trans-fat is also created naturally by herbivorous animals' digestive systems. Dairy products usually contain a small amount of trans-fat. According to the World Health Organization (WHO), trans-fat increases the level of cholesterol inside your body, which can lead to strokes and heart attacks. The amount of trans-fat that one consumes should stay below 1 percent of the total calories consumed in a meal to prevent heart disease. An adult needs around 2,000 kcal daily, so trans-fat consumption should be limited to 20kcal. Since 2006, the United State Food and Drugs Administration (FDA) has required food companies to label the trans-fat content on their packaging to inform consumers. It also noted that if the … [Read more...] about How much ‘trans-fat’ is bad for your health?
For centuries blacksmiths from Da Sy Village have been hammering out quality metal products that are famous country-wide.From early morning ‘til late afternoon, the sounds of steel and iron being beaten with hammers resounds throughout Da Sy Village, as it has for 400 years or more. The village outside Ha Noi City is famous for its metalware. The name is known throughout Viet Nam.The first impression one gets when entering Da Sy Village is a rush of excitement at the sounds of hard work and enthusiasm – a chorus of hammering on family anvils. In the showroom of the Da Sy Association of Traditional Forgers, villagers often sit around telling historical stories about the village and different ways of production. Visitors can also see the metal being beaten into knives, scissors, sickles, hoes, spades and other farm and garden tools.The village is one of the best places in the nation to see blacksmithing practices that go back nearly 3,000 years to the beginning of the Iron … [Read more...] about Metal workers cling to age-old tradition
VietNamNet Bridge - Widespread and inconclusive discussions occurred after the HCM City Economics University (UEH) announced big rewards to researchers who have articles published in ISI/Scopus publications. University lecturers are encourage to have articles published on ISI journals The articles with IF>2 (influence index) will be rewarded VND200 million, while articles with IF>1 will be rewarded VND150 million, and IF< 1 will get VND100 million. As such, the reward for one research work at UEH is seven times higher than that stipulated in the government Decree 99/2014. Tran Duc Vien, president of the Vietnam Agriculture Academy, said in the context of the strong development of higher education, the policy of UEH needs to be supported. The number of articles in ISI/Scopus journals is an important index when ranking universities. The high ranking contributes to prestige and makes it easier to enroll students. A university lecturer in Hanoi said the number of … [Read more...] about Rewarding ISI authors: How much is enough?
Japanese-backed plastic mould producer Senu Vietnam, based in the northern province of Hai Duong, is currently busy with production to fulfil its orders for the remaining weeks of the year. In 2017, the firm’s orders have increased by 15 per cent compared to last year.“The increase is due to many factors, but one of the main reasons is that we have improved our productivity. With higher productivity, we have been able to land more contracts,” said Senu representative Takashi Masumitsu.He told VIR that in the past, every new worker, despite having graduated from vocational schools in Vietnam, had to learn how to hold a screwdriver and work a screw from scratch before being allowed to officially work on the production floor.Workers’ skills improved this year as the firm has co-operated with vocational schools to ensure workers are educated according to its needs.Senu Vietnam has several automated production lines, with each machine currently operated by only two … [Read more...] about Worker efficiency must make a leap