Investing

Foreign direct investment (FDI) projects in Vietnam have upbeat prospects in 2019, with Japanese investors continuing to lead the countries and territories having investment projects in Vietnam. Japanese investors registered 24 per cent of the FDI registered in Vietnam in 2018 Vietnam received $35.46 billion in FDI in 2018, equivalent to 98.8 per cent of the previous year’s figure. Statistics from the Foreign Investment Agency under the Ministry of Planning and Investment (MPI) showed that 112 countries and territories invested in Vietnam during the year. Japan took the lead with $8.59 billion, 24 per cent of the total. In January 2019, FDI projects were estimated to disburse $1.55 billion, up 9.2 per cent against 2018. According to the MPI, as of January 20 this year, the country granted investment certificates to 226 new projects with a total registered capital of $805 million, up 81.9 per cent compared to the same period in 2018. Last month, there were 51 countries … [Read more...] about Japan stays in lead in FDI in Vietnam

By Nguyen Xuan Hoai Director, AI Academy In the 4.0 era, Artificial Intelligence (AI) has been applied in every nook and cranny of life and business, and is ready to replace humans if they do not do their utmost to improve their knowledge, skills, and confirm their position in society. AI is no longer a strange, distant concept. There are a great number of definitions of AI, but to put it simply, AI, sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans and other animals. AI in all of life and business Numerous companies use AI to draw people’s attention to their newly-launched products, as well as to demonstrate that they are leading the technology trend. Particularly, a great deal of AI has been applied in smartphones. For example, the camera now automatically recognises the face, while there are also voice control capabilities, virtual assistants, and AI built into Facebook apps. In … [Read more...] about The future that lies in artificial intelligence

Locally-invested TH Group is taking the lead in developing the country’s hi-tech agricultural sector, making a splash in overseas markets thanks to an expansion in ­business and investment. TH Group has been making waves in international markets with its fresh milk products Last year Vietnam’s agricultural sector grew 3.76 per cent on-year, exceeding the government target of 2.8-3 per cent. The sector’s total export turnover hit a record $40.2 billion, contributing greatly to the economy’s impressive growth rate of 7.08 per cent. TH has also been making positive contributions to the country’s economy in general and the agricultural sector in particular. Taking root in Russia Last September the group began construction of a fresh milk processing plant, with daily capacity of 1,500 tonnes, at the Borovsk special industrial economic zone in the Kaluga region of Russia. The plant is part of TH’s $2.7 billion dairy farm and milk … [Read more...] about TH Group widens global influence

ABB’s YuMi is a cutting-edge solution that is suitable for manufacturers Returning to Vietnam for the occasion of opening Vietnam’s first Robotics Technical and Service Centre, Arno Strotgen, vice president of ABB’s Customer Service, Business Unit Robotics, shared his conviction that the country will become an important regional and maybe even global manufacturing hub. A smart factory in the 4.0 era embodies a range of manufacturing technologies that fuse the physical and digital worlds, with breakthroughs in Artificial Intelligence (AI), robotics, the Internet of Things (IoT), metrology, and 3D printing seen as the main drivers. Smart factories represent a tremendous evolution from a traditional automated production system into a system which can continuously connect and process data. Analysts predicted that smart factories would make up 5 per cent of total global output by 2025 and bring a profit of $70 billion. Deputy Minister of Industry and Trade Cao Quoc Hung … [Read more...] about Robotics conquers 4.0 manufacturing

Dao Xuan Lai, United Nations Development Programme assistant resident representative, and team leader of Climate Change and the Environment Climate action in both adaptation and mitigation are creating new types of businesses, attracting vast capital flows into low-carbon investments, creating jobs and spurring innovation and economic growth. Climate is changing faster than anticipated, and as the Earth’s surface is warming, extreme weather events are becoming more frequent, more severe, and more difficult to predict. This has caused and will continue to cause damage to infrastructure, outbreaks of infectious diseases, and disruption to the supply chain. For example, a record drought in 2015-2016, the worst in 60 years, and the strong typhoon Damrey in 2017 caused damage to roads, houses, schools, crops and disruptions to the water supply in large parts of Vietnam. In response, Vietnam has set high priority in climate change adaptation. The Vietnamese government has made large … [Read more...] about Climate actions will usher in opportunities