Can Tho invites investors to investment promotion conferenceThe Mekong Delta city of Can Tho will hold an investment promotion conference on August 10, inviting investors for 54 projects worth nearly 124 trillion VND (5.44 billion USD). At a press conference on the conference on August 1, Chairman of the municipal People’s Committee Vo Thanh Thong said investors have already expressed interest in 44 out of the 54 projects on offer, and some are ready to start work immediately on 22 projects. He added that some projects attracted two or more investors, so the city will set criteria to select the best among them. Among the 54 projects, 21 are in real estate, 9 in culture-sports and tourism, 9 in agricultural and industrial infrastructure, 8 in transport, 4 in logistics and power, 2 in cultural-sport and health care infrastructure and 1 in information technology. Prime Minister Nguyen Xuan Phuc is expected to deliver a keynote speech and chair the conference, … [Read more...] about BUSINESS NEWS IN BRIEF 2/8
Disaster recovery and business continuity plan
Most VN firms plan to use virtual technology
Around 91 per cent of businesses in Viet Nam expect to virtualise at least 30 per cent of their IT infrastructure in the next two year, according to a survey conducted by VMware Inc (NYSE: VMW), a global leader in virtualisation and cloud infrastructure. The findings indicate that businesses in the highly virtualised category will rise from the existing 11 per cent to 35 per cent by 2017. As many as 445 business and IT managers and decision makers participated in the VMware Vietnam Business Survey conducted from January to March 2015. "The positive virtualisation trends in Viet Nam would mean long-term business savings as the IDC Datacenter Economies Index estimated that businesses in the Asia Pacific region would be able to avoid nearly US$100 billion in costs between 2014 - 2020 as a result of virtualisation of computing, storage and networking hardware, and leveraging a software-defined approach to managing IT," said country manager Huynh Phuc Yem Quan at the report's release on … [Read more...] about Most VN firms plan to use virtual technology
APEC workshop discusses business continuity planning
Asia-Pacific Economic Cooperation (APEC) officials are gathering at two seminars in Hanoi to discuss measures for business continuity planning ( BCP ) despite the potential impacts of natural disasters. The events are co-organised from May 8-10 by Vietnam and Australia in the framework of an initiative to help businesses resume operations and production after natural disasters, approved by APEC's Emergency Preparedness Working Group (EPWG) in 2012. The Asia-Pacific region regularly experiences the consequences of extreme natural disasters, which cause huge economic damage and have an effect on businesses in the region. Therefore, one of APEC members’ concerns is to increase businesses’ awareness of the importance of mapping out recovery plans to help resume operations after a disaster, as well as share practical experiences and policies to boost BCP among businesses. Addressing the opening ceremony, Deputy Director General of the Ministry of Agriculture and Rural … [Read more...] about APEC workshop discusses business continuity planning
Most Vietnamese firms plan to use virtual technology
Around 91 percent of businesses in Vietnam expect to virtualise at least 30 percent of their IT infrastructure in the next two year, according to a survey conducted by VMware Inc (NYSE: VMW), a global leader in virtualisation and cloud infrastructure. The findings indicate that businesses in the highly virtualised category will rise from the existing 11 percent to 35 percent by 2017. As many as 445 business and IT managers and decision makers participated in the VMware Vietnam Business Survey conducted from January to March 2015. "The positive virtualisation trends in Vietnam would mean long-term business savings as the IDC Datacentre Economies Index estimated that businesses in the Asia Pacific region would be able to avoid nearly 100 billion USD in costs between 2014 - 2020 as a result of virtualisation of computing, storage and networking hardware, and leveraging a software-defined approach to managing IT," said country manager Huynh Phuc Yem Quan at the report's release in early … [Read more...] about Most Vietnamese firms plan to use virtual technology
Businesses ill-prepared for natural disasters
Illustrative image.— VNS File Photo HA NOI (Biz Hub)— Few Vietnamese enterprises have paid proper attention to handling natural disasters or preparing business continuity plans, putting themselves and the community at risk. This was the opinion expressed in Ha Noi on Wednesday by the deputy head of the Water Resource Directorate, Nguyen Xuan Dieu. He said that poor infrastructure and lack of precautionary measures made enterprises, especially small and middle sized ones, more vulnerable to catastrophes. Dieu was speaking at a two-day workshop on business readiness in nations belonging to the Asia-Pacific Economic Co-operation (APEC), which ended yesterday. He said that the problem was more serious as Viet Nam was one of the nations most vulnerable to climate change and extreme weather. He added that Viet Nam had been promoting disaster resilience, in particular, through a bill on Natural Disaster Prevention and Control expected to be discussed by the National Assembly … [Read more...] about Businesses ill-prepared for natural disasters