The Hanoitimes - Vietnam and North Korea have similar background in national protection. But how they responded has set them on different paths after decades. Trump touts Vietnam's economy as model for North Korea The selection of Vietnam for the second summit between US President Donald Trump and North Korean leader Kim Jong Un has somewhat guided the possible reproduction of some economic models that have portrayed Vietnam one of the world’s fastest-growing economies. Vietnamese President Nguyen Phu Trong and North Korean leader Kim Jong Un in Hanoi on March 1. Photo: VNS First of all, Vietnam serves as case study of foe-turned-ally. Vietnam and the US, once military enemies, are now parties in trade. Trade between Vietnam and the US has skyrocketed, growing from US$451 million in 1995 to roughly US$60 billion in 2018, according to statistics. People in HCM City welcome US President Barack Obama in May 2016. Photo: Soha … [Read more...] about Why world experts say Vietnam should be economic model for North Korea?
Hi tech background
New trends in Vietnam’s rice exports 2018 is witnessing new trends in Vietnam’s rice export sector, notably the priority of exporting high-quality rice through international bidding as well as stricter and more diverse trade barriers from importing countries. Preliminary data by the General Department of Customs shows that Vietnam exported 264,500 tonnes of rice in October, generating a revenue of US$135.56 million, up 22.96% in volume and 31.8% in value, compared with the same month last year. The total volume of rice exports in the first ten months of 2018 was 5.15 million tonnes, worth US$2.6 billion, representing year-on-year increases of 6.62% and 21.49% in volume and revenue respectively. What is notable during the period is that the price of Vietnamese rice has now surpassed that of Thailand, averaging at more than US$500 a tonne, up about 15%. In 2016, Vietnam exported 4.8 million tonnes of rice, bringing in US$2.1 billion. The respective volume and revenue figures … [Read more...] about BUSINESS NEWS IN BRIEF 20/11
For the past 10 to 15 years, leading companies like Intel, IBM, Samsung Display, Nokia, and Microsoft have chosen Vietnam for software outsourcing. However, software developers in Vietnam had no idea about the products they were working on, such as their final use and who they were being made for. Therefore, this work did not add much value to the local industry. However, it laid the foundation for Vietnam’s IT industry to grow steadily and emerge as a regional tech hub. Some even dubbed it the Silicon Valley of Asia, with automation, artificial intelligence (AI), deep learning, and machine learning reaching deep into Vietnamese society. IT is now one of the hottest industries in Vietnam. Thanks to new government policies to attract more IT businesses, many start-up companies from America, Europe and Australia, and some from neighbouring countries such as Singapore have set up software development centres in Vietnam. This has led to a significant increase in demand for … [Read more...] about Technology’s working: Overseas Vietnamese talent drawn by Industry 4.0 demands
The chairman of Basico Law Firm recently stated that authorities should prosecute a case in which a local company sold a spyware app to thousands of customers. According to the lawyer, Truong Thanh Duc, the company has clearly broken the law and violated privacy rights. Currently, the highest fine for illegally collecting data is VND10-20 million (USD476-952). "Although this punishment may act as a deterrent for individuals involved in minor cases, it may be insufficient for companies. But police should still prosecute Viet Hong Company, who deliberately infringed on the confidentiality rights of people," he said. "The fines we have now for such crimes are not enough because the company violated the privacy of many people." The law states that offenders who commit organised crimes, consistently repeat offenses or cause serious damages may be criminally prosecuted and even sentenced to prison for up to two years. However, he went on to say that Viet Hong Company has also … [Read more...] about Urging of prosecution of spyware case brings spotlight to larger problem
Education Fulbright Vietnam to enroll 50 students for first academic year Bao Uyen Tuesday, Nov 7, 2017,17:50 (GMT+7) Fulbright Vietnam to enroll 50 students for first academic yearBao Uyen Fulbright University Vietnam (FUV) has announced it would enroll 50 students for the bachelor degree of the first academic year at the end of next August. Those students failing to meet the requirements of English proficiency due to family backgrounds or economic conditions will be supported to improve their English skills in the initial phase. Most of the university’s curricula are instructed in English and university lecturers are from the world’s prestigious universities. Dam Bich Thuy, president of FUV, said the university’s curricula are designed to encourage students and lecturers to engage in discussions, allowing students to speak out their minds. Before entering the first academic year slated for the fall … [Read more...] about Fulbright Vietnam to enroll 50 students for first academic year