Small business news articles

The national digital transformation program says Vietnam will develop hi-technology agriculture with a focus on smart and precise agriculture, while increasing the proportion of digital agriculture in the economy. Opening the forum on digital transformation in Vietnam’s agriculture, Truong Gia Binh, Chair of the Vietnam Digital Agriculture Association (VIDA), stressed that it’s necessary to conduct strong digital transformation in e-commerce, e-payment, logistics and agriculture operations. If Vietnam can successfully do these, it will become a country with great competitive potential. “Our land is situated in the area which doesn’t need heating in winter. It allows us to harvest many crops all year round. We still develop agriculture with 2/3 of population in rural areas. Vietnam’s IT is developing rapidly. All these factors will turn Vietnam into a farm produce granary of the world,” Binh said. Deputy Minister of Information and Communications Nguyen Huy Dung said the …

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Because of low electricity consumption, thermopower, hydropower, wind and solar power plants have had to cut their capacity. According to the Vietnam Electricity Regulatory Authority (A0), electricity consumption in the country continued to decrease in the first two weeks of September 2021. The peak daily capacity of the whole country was 29,700MW, while the total output of the entire electricity system was 624.3 million kwh per day. As such, the country’s electricity consumption in the first half of the month was 24 percent lower than before, when large-scale social distancing began in mid-July and 15 percent lower than the same period last year. The peak daily capacity in the south in the first two weeks of September was 12,200MW, while the total output was 243 million kwh per day. The electricity consumption of the southern region during that time was 29 percent lower than before, when social distancing began and 23 percent lower than the same period last year. To …

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President Nguyen Xuan Phuc (second, left) at the ceremony. — VNA/VNS Photo Thong Nhat Vingroup and Google Cloud have signed a Memorandum of Understanding (MOU) to support Vingroup's ongoing digitization and innovation strategy. The MOU agreement was signed this week in New York City, on the sidelines of President Nguyen Xuan Phuc’s diplomatic trip to the United States. The agreement sees Vingroup and Google Cloud collaborating closely as strategic partners, to drive the group’s digital transformation. Specifically, Google Cloud will help Vingroup to advance its Cloud-based services and identify opportunities to apply cloud-based machine learning, artificial intelligence, and smart data analytics technologies across Vingroup’s varied lines of business. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup and Thomas Kurian, CEO of Google Cloud signed the MOU. Nguyen Viet Quang said, “This MOU with Google Cloud builds on our successful on-going relationship with Google. This …

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Cars have been selling very slowly in amid Covid-19 and social distancing. A gloomy future has been predicted for the automobile industry. The Vietnam Automobile Manufacturers’ Association (VAMA) reported that its member companies sold 8,884 cars in August, a sharp fall of 45 percent compared with July and 57 percent with August 2020. This was the fifth consecutive month the market saw sales decrease. August saw the lowest sales since 2015. The decline has also been reported by TC Motor, not a member of VAMA, with 2,182 cars sold in August, down by 54 percent compared with July and 60 percent with August 2020. Meanwhile, VinFast sold 2,310 cars, a decrease from the 3,782 cars in July, but it was still 1,494 cars higher than August 2020. August coincided with the seven month of the lunar year, the month of forsaken spirits, and people do not make important purchases in that month. This, plus social distancing applied in many cities and provinces, had a strong impact on the …

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Delegates pose for a group photo at the launch ceremony (Photo: VNA) Phnom Penh (VNA) - The ASEAN Regional Mine Action Centre (ARMAC) launched the Friends of ARMAC (FOA) group in both in-person and virtual forms on September 23, with the participation of about 120 delegates. The FOA is an initiative raised by then Vietnamese Ambassador to Cambodia Vu Quang Minh when Vietnam assumed Chair of ARMAC Steering Committee 2020, with an aim to bolster the centre’s image and prestige and attract more resources for its activities in the future. More than 50 agencies, organisations and businesses have signed up to become friends of ARMAC, including those from Vietnam. Addressing the launch ceremony held at the Embassy of Vietnam, Minister of Foreign Affairs and International Cooperation of Cambodia Prak Sokhonn spoke highly of the idea to foster contributions to humanitarian aid in handling unexploded ordnances. As a country that heavily suffered from consequences of war-time …

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President Nguyễn Xuân Phúc delivers his statement at the United Nations Security Council Open Debate on climate security . VNA Photo NEW YORK - President Nguyễn Xuân Phúc on Thursday attended the United Nations Security Council Open Debate on climate security at the invitation of Irish Prime Minister Michael Martin, the rotating UNSC chairman, stressing that it is a topic of strategic importance and immense relevance to our time. UN Secretary-General Antonio Guterres, heads of state, prime ministers and high-ranking representatives of Security Council member states joined the debate. At the session, the chairman and delegates expressed deep concern about the negative impacts of climate change on international peace and security, emphasising the need for the international community to strengthen response to climate change. The Secretary-General of the United Nations called on countries to intensify efforts to reduce greenhouse gas emissions, create breakthroughs in adaptation …

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A private sector-led low-carbon economic growth model can enable Vietnam’s goal of becoming a high-income country by 2045. As Vietnam fights another wave of Covid-19, accelerating the pace of reforms, upgrading workforce skills and infrastructure will strengthen the private sector to help the country recover from the pandemic and unlock its potential, according to a new World Bank Group report. A manufacturing facility in Hanoi. Photo: Nguyen Viet The Vietnam Country Private Sector Diagnostic (CPSD) report, by IFC and the World Bank, says while the private sector has played a frontline role in Vietnam’s outstanding development in recent years, it’s now time to fully exploit the potential of the private sector to boost productivity growth so Vietnam can achieve its goal of becoming a high-income country by 2045. “The private sector has helped propel Vietnam to join the ranks of middle-income economies in just one generation, and the country was preparing for …

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The writing contest received nearly 100 entries, hundreds of shares and comments on social media. The event was held to gather memories, feelings, and sentiment of employees of the Management Board, contributing to promoting solidarity and unity among them. The special award of the contest was handed over to “Lua rong,” an article by Vu Ngoc Khuong, Deputy Head of the Board for Construction and Investment. The first prize went to “Heart of PV Gas” by Gia Phat while the second and third prizes belonged to “Headquarters of PV Gas” by Da Thu and “the COVID-19 pandemic” by Xuan Son respectively. In addition, the organizing panel also handed over prizes for other categories. The event was expected to promote solidarity and joint efforts among the corporation’s staff and employees, contributing to fulfilling their business goals in 2021. Translated by Trung Thanh …

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At the meeting of the National Steering Committee for COVID-19 Prevention and Control . (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on September 23 urged studying measures to ensure safe and flexible adaptation to the COVID-19 pandemic along with effective disease containment solutions. Speaking at a meeting of the National Steering Committee for COVID-19 Prevention and Control, the Government leader said the pandemic has been gradually put under control. However, a few localities have failed to make noted progress in the combat, and the situation remains complicated in Ho Chi Minh City, said Chinh, who is also head of the committee. Affirming that measures undertaken so far are appropriate and effective, he asked ministries, agencies and localities to continue following the set major orientations and measures in the time ahead. The PM stressed that instruction should go in tandem with inspection and supervision, and reiterated the principles that …

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