The Hanoitimes - The Fourth Industrial Revolution poses both challenges and chances for Vietnam, said ambassadors, along side the the World Economic Forum on ASEAN (WEF ASEAN) 2018. Illustrative photo Malaysia’s experiences Basing on Malaysia’s experiences as the host for the WEF ASEAN 2016, Malaysian Ambassador to Vietnam Zamruni Khalid believes in the success of WEF ASEAN 2018 hosted by Vietnam. “For me, Vietnam is in a good spot to organize this event. Vietnam’s experiences have been proven and shown through its being successful host of the APEC 2017, leaving many good impressions”, the ambassador said. Regarding the opportunities and challenges of ASEAN amid the Fourth Industrial Revolution, the ambassador commended the biggest challenge that ASEAN has to face is the difference between growth rates. Overall, ASEAN countries remain less developed than a lot of countries on the world, in spite of some regional states picking up the pace with the … [Read more...] about ASEAN catching up with the 4th Industrial Revolution: View from the insiders
Asean 2016
ASEAN, US hold 31st dialogue in Malaysia
Scene at the event (Photo: asean.usmission.gov) Kuala Lumpur (VNA) – ASEAN and the US underscored the importance of their strategic partnership at their 31st dialogue in Selangor, Malaysia on April 2-3 Participating representatives of the US and ASEAN celebrated the growth of political, security, economic and cultural ties between the sides, reflected through implementation outcomes of their action plan for 2016 – 2020. The plan saw 83 out of its 95 activities and projects carried out. A number of fruitful US-supported programmes in ASEAN included the Trade & Investment Framework Agreements, Expanded Economic Engagement (E3) Initiative, US-ASEAN Connectivity through Trade and Investment project, Young Southeast Asian Leaders initiative, and Lower Mekong Initiative. The ASEAN member countries praised the Trump Government for maintaining its commitment to the bloc and stated their willingness to work with the nation to increase ASEAN self-reliance and realise the … [Read more...] about ASEAN, US hold 31st dialogue in Malaysia
New technology to drive investment in ASEAN
Chief Executive Officer of Maybank Kim Eng Group of Malaysia Dato John Chong (Photo: theedgemarkets) Singapore (VNA) – New technology will be among key forces promoting investment flows into the Association of Southeast Asian Nations (ASEAN), Chief Executive Officer of Maybank Kim Eng Group of Malaysia Dato John Chong said at the Invest ASEAN Conference held recently in Singapore. Chong told participants that new and disruptive technology impacts almost every industry, propelling the growth of technology start-ups in ASEAN. Funds for newly-established start-ups hit about 6.5 billion USD in 2017, twice the amount of 3.1 billion USD in the previous year, he said. The general director voiced his belief that the technology environment in ASEAN is still at an early phase of growth despite the disruption in the marketplace. The majority of ASEAN’s technology deals in recent past are still at the seed-stage, and while e-commerce is growing rapidly in ASEAN, the penetration rate … [Read more...] about New technology to drive investment in ASEAN
ICAEW: Moderate growth forecast of 5 per cent for ASEAN economies
Economic growth in Southeast Asia is expected to be moderate this year, as it is unlikely to match the exceptional momentum in 2017, according to ICAEW’s latest Economic Insight: Southeast Asia report. For ASEAN, growth is forecast to come in at 5 per cent, underpinned by drivers like private sector investment and domestic demand. Southeast Asia's economic growth will be moderate this year Given the large export-orientated manufacturing base of most Asian economies, the recent resurgence in global trade has largely benefitted the region in 2017. With firms ramping up production and investment to accommodate rising external demand, import growth has nonetheless accelerated over the last 12 months, making net exports' contribution to growth insignificant. Instead, exports' most important contribution to growth is their indirect impact on domestic demand through spill-over on investment and consumption. At the aggregate level, most open economies in Asia have … [Read more...] about ICAEW: Moderate growth forecast of 5 per cent for ASEAN economies
IBM wants to take tech leadership in ASEAN
The digital transformation is creating breakthrough achie-vements thanks to cutting-edge technologies like artificial intelligence and blockchain. Do you have any predictions about how these technologies will impact Vietnam? Patricia Yim You know, there is a fear that one day, machines will replace human beings. But, IBM believes that the purpose of artificial intelligence (AI) is to augment human intelligence and not take over people. AI systems such as Watson help because they can understand, reason, and learn from vast amounts of data - including data such as videos, images and blog posts which are not typically “read” by traditional computer systems. It is the job of the human being to use the insights from AI to make better decisions. If we look at the AI platform Watson for Oncology, which we teamed up with Vietnamese company Five9 to launch last December, it acts on a cognitive computing system to help oncologists in Vietnam identify evidence-based cancer … [Read more...] about IBM wants to take tech leadership in ASEAN