The Internet of Things (IOT), also known as the Internet Connectivity Network, has recently emerged from the global technology boom. IoT is a system of interrelated computing devices, mechanical and digital machines, and smart devices that can automate almost every sector and socio-economic field with its ability to transfer data over the network without requiring human-to-human or human-to-computer interaction. Phan Thanh Son, Chief Technology Officer of FPT IS said, “IoT will create more connections in a smarter way to provide people more information. It will communicate with people and things automatically. This represents a new way for people to exchange information to help each other. For example in the past, when a global incident occurred, government leaders had to fly to meet each other. That meant the opportunity to address the event could be lost. But now connection can easily be set up thanks to technology." By 2020 Vietnam hopes to be a nation with a good IoT … [Read more...] about IoT connectivity infrastructure, Vietnam’s top priority in Fourth Industrial Revolution
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BUSINESS NEWS IN BRIEF 11/11
Vietnam’s rice exports hit 5.2 million tonnes in ten months Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year. China remained the leading importer of Vietnamese rice with a growth rate of 24 percent. Strong rises were also seen in many other markets, such as Indonesia, Iraq, the Philippines, and Malaysia. Average rice prices in the first nine months of 2018 reached 503 USD per tonne, up 13.7 percent year-on-year. The highest price was recorded for Jasmine rice with 575 USD per tonne, followed by Japonica with 526 USD per tonne. The export of medium- and high-quality rice increased, while that of low quality types reduced, now accounting for just 2 percent of the total export volume. [Video: Vietnamese rice now top quality on the international market] On October 18 this year, the Philippines closed its bidding and … [Read more...] about BUSINESS NEWS IN BRIEF 11/11
BUSINESS NEWS IN BRIEF 20/10
TH Group imports 1,800 more dairy cows from US Vietnamese dairy firm TH True Milk (TH Group) on October 14 received nearly 1,800 dairy cows of 3 or 5-month pregnancy which were inseminated through embryo transfer from US’ high-yield dairy cow Holstein Friesian. This is the largest herd of cows that TH has imported from the US so far. The group’s husbandry experts carefully examined standards related to origin, genealogy, genetic potential, appearance, physical strength, potential for milk production and ability to fight diseases in the tropical region. All individuals in the herd weigh 400-500 kg and are expected to produce 12,000 litres per head each 305 days on average. Milk production from these cows will begin in January 2019. According to Tal Cohen, General Director of the TH Milk Food Joint Stock Company - the management unit of the TH dairy cow farm, TH Group imported 1,300 dairy cows from the US in April 2017 for the first time. It also imported … [Read more...] about BUSINESS NEWS IN BRIEF 20/10
BUSINESS NEWS IN BRIEF 1/9
Vinatex completes 65% of yearly revenue target Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion). This figure also represented a rise of 7 per cent against the same period last year, the textile group reported in a filing to the Ministry of Planning and Investment. In August alone, it earned VND4.48 trillion in revenue, down 5 per cent year-on-year, of which turnover of the parent company and subsidiaries with its holdings of over 50 per cent capital reached almost VND1.74 trillion. Revenues from other affiliate companies in which the group holds less than 50 per cent capital reached a combined VND2.74 trillion. Vinatex attributed the growth in total revenues to increases in sales of fibre products (96,051 tonnes, up 9.5 per cent year-on-year), fabric of all kinds (100.7 million m3, up 18.6 per cent) … [Read more...] about BUSINESS NEWS IN BRIEF 1/9
The first IP lifts geographical barriers for businesses
BizInfo The first IP lifts geographical barriers for businesses Thursday, Aug 23, 2018,10:10 (GMT+7) The first IP lifts geographical barriers for businesses Long Hau Joint Stock Company (LHC – The Developer (Owner) of Long Hau Industrial Park Project) has launched a new website project which integrates 360 digital tools. This is also the first 360 (360°) platform on the industrial estate market. As one of the leading industrial parks in the south of Ho Chi Minh City, the 360 digital tools that were developed by Long Hau Industrial Park will help foreign investors, especially from main/ big markets such as the U.S., Europe, Japan and Korea, easily access and explore the investment environment in the most visual way. The new innovation will help customers from all countries have a complete view of infrastructure and landscape in Long Hau Industrial Park. Using computer, smartphone or tablet with Internet connection, … [Read more...] about The first IP lifts geographical barriers for businesses