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‘Supply Chain Digitisation: A Shift from Driving Efficiency to Building Resilience’, done by TM Insight, an Asia Pacific consulting company, found that digitisation of supply chains has emerged as one of the key priorities to not only achieve operational efficiencies and meet rising demand, but also to future-proof businesses. … [Read more...] about More business leaders embrace digital technologies

Foxconn, a major assembler of Apple products, including the iPhone, and the world's largest contract manufacturer, came to Vietnam in 2007, and has been operating mainly in the northern provinces of Bac Ninh, Bac Giang and Vinh Phuc, making computers and other electronic products and car parts. … [Read more...] about Foxconn unit receives business license for $270 mln Vietnam plant

Cyber incidents may have slipped to #3 globally, in Asia Pacific it ranks #1 for the second consecutive year. Elsewhere in the world, it still ranks as a top three risk in many countries, including Brazil, France, Germany, India, Italy, Japan, South Africa, Spain, UK and the US. The acceleration towards greater digitalization and remote working driven by the pandemic is also further intensifying IT vulnerabilities. At the peak of the first wave of lockdowns in April 2020, the FBI reported a 300% increase in incidents alone, while cyber crime is now estimated to cost the global economy over $1trn, up 50% from two years ago. Already high in frequency, ransomware incidents are becoming more damaging, increasingly targeting large companies with sophisticated attacks and hefty extortion demands, as highlighted in the recent AGCS cyber risk trends report.  … [Read more...] about Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks

The impacts of climate change increased and became more serious over the past five years. Extreme weather occurs across the country, such as extreme cold, landslides, flash floods in the northern high mountainous provinces, droughts in the south-central and Central Highlands, as well as saltwater intrusion in the Mekong Delta due to the double effects of climate change and the water use of countries in the upstream Mekong River. … [Read more...] about Environment minister talks about achievements, plans for coming years

Hanoi (VNA) – The southern province of Dong Nai will build four routes linking localities with the area of Long Thanh International Airport whose construction began earlier this month. According to Nguyen Bon, Deputy Director of the provincial Department of Transport, the construction of the roads, each stretching 45-60m, is expected to cost thousands of trillions of Vietnam dong. The routes include three directly leading to the airport, notably one running from the intersection with road DT 763 in Dinh Quan district, Dong Nai province, to National Highway 51 in Long Thanh district. The route, with investment of 2.3 trillion VND (99.2 million USD), has been regarded as a strategic road connecting Long Khanh city and such districts as Dinh Quan, Thong Nhat and Cam My with the airport. The other aims to connect localities in the eastern part of Dong Nai, and ease overloads for National Highways 1A and 20, and the Dau Giay intersection. Dong Nai also plans to expand and … [Read more...] about Routes leading to Long Thanh airport to be built