Repair work on the disaster-prone Asia America Gateway (AAG) undersea cable is expected to be completed on January 2, according to the Ministry of Information and Communications. A local internet service provider said a repair ship will arrive at the AAG location, the S1H branch, at 6 p.m. on December 28, 2019. The first weld will be conducted at 2 a.m. on December 30 and the final operation is expected to be done at 5 a.m. on January 1, 2020. But experts expect normal internet speed won't be restored until 8 a.m. January 2 for everything to be linked back again. In the latest breakdown, the S1H branch, about 163 km off the beach town of Vung Tau in southern Vietnam, was first reported damaged at 5 p.m. on November 14. This has resulted in slower internet speeds in the section between Saigon and Hong Kong. Connected in November 2009, the $560-million AAG cable handles more than 60 percent of Vietnam’s international internet traffic. The system is more than 20,000 kilometers … [Read more...] about Internet speed to remain sluggish until New Year
30 year treasury rate
Economic institutional reform still has many shortcomings
Vietnam has gained certain achievements in completing the market mechanism, and adjusting the corresponding role of the State in the economy. However, Nguyen Chi Dung, Minister of Planning and Investment, said at the Vietnam Reform and Development Forum held recently in Hanoi, that the market-economy institutions in Vietnam actually have shortcomings which hinder development. Vietnam has gained certain achievements in completing the market mechanism, and adjusting the corresponding role of the State in the economy. As for private funding of public service, though the policy was supported by most people, 57 percent still expressed concern. Chi Mai New FTAs put pressure on VN to reform business practices New-generation Free Trade Agreements (FTAs) are expected to help Viet Nam become more competitive if the country reduces trading costs and improves its business environment, experts said on Tuesday at a conference in HCM City. Most enterprises in VN satisfied … [Read more...] about Economic institutional reform still has many shortcomings
Vietnam wants to sustain ASEAN resilience to global challenges: Deputy FM
At a ceremony to hand over the ASEAN Chair to Vietnam (Photo: VNA) Hanoi (VNA) – Vietnam attaches much importance to its role as the ASEAN Chair 2020, and wishes to build a strong ASEAN Community which is resilient to regional and global challenges, Deputy Minister of Foreign Affairs Nguyen Quoc Dung has said. Briefing nearly 70 foreign ambassadors and representatives from embassies of ASEAN member states and ASEAN’s development partners at a conference in Hanoi, Dung, who is also Secretary General of the National ASEAN 2020 Committee, affirmed joining ASEAN’s activities is among the priorities in Vietnam’s foreign policy, and the country will spare no efforts to successfully act as the ASEAN Chair 2020. Vietnam has selected the theme “Cohesive and Responsive” for ASEAN 2020, he said, holding the two elements are interdependent and complimentary to each other. He laid stress on five priorities of Vietnam’s ASEAN Chairmanship Year, … [Read more...] about Vietnam wants to sustain ASEAN resilience to global challenges: Deputy FM
Let the Vietnamese spirit soar
Illustration by Trịnh Lập By Nguyễn Mỹ Hà The dreams of millions of Vietnamese people came true on Tuesday night. They had been dreaming for 30 years, or was it 60 as some said? Now it doesn’t matter, as the dreams are reality. The Việt Nam men’s U22 football team won a gold medal at the 30th Southeast Asian Games in the Philippines by defeating Indonesia 3-0 in the final. A popular saying goes ‘phúc bất trùng lai’, which means happiness does not repeat itself, but the men’s victory came just days after the women’s team won their own gold medal at the Games. Double happiness, truly, because despite the fact the women’s football team had won for the sixth time, it was the men’s first triumph. “Though this is the sixth time,” said women’s coach Mai Đức Chung, “I still feel very touched.” Sheer joy and happiness brightened … [Read more...] about Let the Vietnamese spirit soar
Siemens at the forefront of an AI-driven Vietnam
The new SIMATIC S7-1500 TM NPU module with integrated AI It is said that AI offers tremendous potential for industry. What specific insights does Siemens have on this? Pham Thai Lai AI has widely emerged in our daily life in various ways. For example, today we are using face or speech recognition as a given. In the last two or three decades, major technology advances have made more powerful hardware and software and improved computing power and data transmission. This promotes and offers new areas and dimension of using AI to create entirely new industrial opportunities for flexible and efficient production, even when it comes to complex and increasingly customised products in small batch runs. The consequences will be significant. According to a PricewaterhouseCoopers study, AI could contribute up to $15.7 trillion to the global economy in 2030, and a total of 62 per cent of large companies have already utilised AI technology by 2018. Furthermore, the industry is becoming … [Read more...] about Siemens at the forefront of an AI-driven Vietnam