Cybersecurity

A cybersecurity team monitors real-time cyberattacks. — Photo vneconomy.vn Identity theft is not a new crime in the financial and banking scene, but insiders said a new twist on an old problem that banks and clients should worry about, exposes the need for heightened cybersecurity. Truong Duc Luong, chairman of the Vietnam Network Security JSC, revealed that dangerous actors could use SEO (search engine optimisation) to improve their websites' ranking in search results when people look up information online. The better visibility the websites have in search engines, the more likely that they garner more clicks and attract more prospective victims. Once visitors click on the websites, they are vulnerable to malicious schemes resulting in financial loss and identity theft. Another tactic is using the online ads network to spread malicious links. Gullible users clicking on the links have their browsers hijacked by fake warnings. They fall victim to various scams if they follow … [Read more...] about Identity theft rises as fraudsters find new ways to deceive clients

A cybersecurity team monitors real-time cyberattacks. (Photo: vneconomy.vn) Hanoi (VNS/VNA) - Identity theft is not a new crime in the financial and banking scene, but insiders said a new twist on an old problem that banks and clients should worry about, exposes the need for heightened cybersecurity . Truong Duc Luong, Chairman of the Vietnam Network Security JSC, revealed that dangerous actors could use SEO (search engine optimisation) to improve their websites' ranking in search results when people look up information online. The better visibility the websites have in search engines, the more likely that they garner more clicks and attract more prospective victims. Once visitors click on the websites, they are vulnerable to malicious schemes resulting in financial loss and identity theft. Another tactic is using the online ads network to spread malicious links. Gullible users clicking on the links have their browsers hijacked by fake warnings. They fall victim to … [Read more...] about Identity theft rises as fraudsters find new ways to deceive clients

The pandemic has accelerated an already strong shift towards digital across the world, redrawing how we live, work, and pay. Visa’s Consumer Payment Attitudes 2021 study shows that over half of Vietnamese consumers now regularly shop online and expect to be able to pay by card or mobile even in small physical stores. “As the architect of many of the solutions enabling this change, Visa is leveraging its world-leading digital expertise to make sure this transformation is inclusive and equitable,” said Dung Dang, Visa country manager of Vietnam. “We believe the digital economy will create global prosperity because economies that include everyone everywhere.” Innovation Workable strategies to go digital and embrace innovation are becoming essential. Around 90 per cent of small businesses with a digital presence attributed their pandemic survival to e-commerce, according to the 2022 Visa Global Back to Business Study. Visa is heavily invested in creating an ecosystem of … [Read more...] about Visa paving the way to an inclusive digital economy

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - Prime Minister Pham Minh Chinh on August 3 urged stronger determination, efforts and actions to disburse public investment as part of the Government’s main priorities. Prime Minister Pham Minh Chinh addresses the Government's meeting in Hanoi on August 3. (Photo: VNA) At the Government’s monthly meeting held in Hanoi, the Ministry of Finance reported that nearly 186.85 trillion VND (7.98 billion USD) of investment capital sourced from the state budget had been disbursed as of July 31, equivalent to 34.47% of this year’s target, down slightly from the same period last year. Read full story - Permanent Deputy Prime Minister Pham Binh Minh affirmed that Vietnam attaches importance to locality-to-locality cooperation while receiving Governor of Japan’s Gunma prefecture Yamamoto Ichita in Hanoi on August 3. Read full story - Foreign Minister Bui Thanh Son had meetings … [Read more...] about ☀️ Morning digest August 4

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 4. - Prime Minister Pham Minh Chinh on August 4 commended efforts by the banking sector in digital transformation with diverse products and services for people and businesses. At the working session (Photo: VNA) Addressing “Digital transformation day of the banking sector” in Hanoi, Chinh, who is also head of the National Committee on Digital Transformation, stressed that the sector has played a significant role in national digital transformation. Read full story - State President Nguyen Xuan Phuc on August 4 hosted a reception for Governor of Gunma prefecture of Japan Yamamoto Ichita who is on a working visit to Vietnam. Participants at the reception (Photo: VNA) During the meeting, the leader spotlighted the strong and comprehensive development of the Vietnam – Japan extensive strategic partnership with high political trust, saying that regular … [Read more...] about ☕ Afternoon briefing on August 4

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - National Assembly Chairman Vuong Dinh Hue hosted receptions for the new ambassadors of Cuba and Russia in Hanoi on August 4. The top legislator welcomed the two new ambassadors and expressed his belief that the diplomats, with their warm sentiments for Vietnam and their rich diplomatic experience, will help further promote the relationship between their respective countries and Vietnam. Read full story - Standing Deputy Prime Minister Pham Binh Minh hosted a reception in Hanoi on August 4 for heads of delegations of ASEAN and ASEAN Plus 3 countries to the 21st ASEAN Conference on Civil Service Matters (ACCSM 21). Welcoming the guests, Minh said that in terms of civil service cooperation, ASEAN countries have built a vision for the ASEAN Community in 2025, which targets building a strong ASEAN on three pillars: political-security cooperation, economic cooperation, and … [Read more...] about ☀️ Morning digest August 5

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 5. - President Nguyen Xuan Phuc met with newly-appointed ambassadors of South Africa, Saudi Arabia and Belgium, who came to present their credentials, in Hanoi on August 5. Read full story - Vietnamese Minister of Foreign Affairs Bui Thanh Son stressed the importance of dialogue, trust, and sense of responsibility while attending the East Asia Summit (EAS) Foreign Ministers’ Meeting in Phnom Penh on August 5. The event took place as part of the 55th ASEAN Foreign Ministers’ Meeting (AMM-55) and related meetings in the capital city of Cambodia. It drew the participation of foreign ministers from ASEAN member states and EAS partners, namely China, Japan, the Republic of Korea, Australia, New Zealand, India, Russia, and the US. Read full story - Joining the Association of Southeast Asian Nations (ASEAN) was the first step of Vietnam in the process of … [Read more...] about ☕ Afternoon briefing on August 5

For one, the oil and gas industry is under immense pressure to improve operational efficiency, productivity, and worker safety; maintain cybersecurity; and, simultaneously, reduce environmental impact. In order to solve these challenges, oil and gas companies are accelerating their digital transformation. Denis Brunetti, President, Vietnam and Myanmar Ericsson As they adopt use cases around automation, smart safety and environmental monitoring, the oil and gas industry is increasingly looking to advanced cellular connectivity to help drive efficiencies, while being more environmentally sound. The industry is expected to meet the global goal of net-zero carbon by 2050. According to a McKinsey study, the use of advanced connectivity to optimise drilling and production throughput and improvements in maintenance and field operations could add up to $250 billion of value for oil and gas upstream operations by 2030. Digitalisation enabled by cellular connectivity can … [Read more...] about 4G/5G wireless networks driving digitalisation across industries

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

The Q&A session of the NA Standing Committee's 14th session will focus on public security, culture, sports and tourism matters (Photo: VNA) Hanoi (VNA) – Issues in the areas of public security and culture, sports and tourism will be the focus of the question-and-answer session of the 15th National Assembly (NA) Standing Committee’s 14th session on August 10, according to a freshly-released plan of the NA Standing Committee. In the field of public security, the questions will focus on State management over cybersecurity, the safety of national cybersecurity system in the current period, and measures to prevent and strictly handle high-tech crimes. The implementation of resolutions of the NA and NA Standing Committee of the National Assembly related to crime prevention and control, especially drug-related crimes, credit shark, and usury will also be included in the agenda of the session, along with the implementation of the issuance of citizen identification cards, the … [Read more...] about NA’s Q&A session to focus on public security, culture-sports-tourism matters