Vietnam vs thailand

Mobile malware in Vietnam increased by nearly 46.9% in 2021. (Photo courtesy of Kaspersky) HCM City (VNS/VNA) - Along with a surge in the number of mobile phone users accessing the Internet, there has been an increase in the number of mobile malware targeting Vietnamese users, according to the global cybersecurity company Kaspersky. According to the Digital 2022 report conducted by We Are Social, the number of mobile phone users accessing the Internet grew by 147% year-on-year last year. Kaspersky, meanwhile, reported that it detected and prevented a total of 43,171 mobile attacks targeting Vietnamese users last year, 46.9% higher than in 2020. Trojan is the most common threat in Vietnam. While Vietnam and Thailand saw growth in the number of malware attacks, the rest of Southeast Asia observed a downward trend in the number of attacks on mobile users thanks in part to Kaspersky’s efforts to block more than 2,000 mobile malware per day. Indonesia was the country … [Read more...] about Mobile malware up in Vietnam: Kaspersky’s report

According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times more than the average over the previous decade – the average for 2000-09 was $41 billion. Similarly, net FDI – inbound minus outbound direct investment – has averaged nearly $54 billion a year since 2010, almost four times the average from the previous decade. Thinking of FDI-driven economic success stories, Vietnam naturally stands out. The country has turned itself into a rising star in global supply chains, gaining a substantial global market share in many sectors including textiles, footwear, and consumer electronics. Since Vietnam’s Doi Moi reforms in 1986, industrial parks have been set up across the country, attracting investors with preferential tax incentives and an abundance of relatively cheap and productive labour. New FDI has been flowing into the country … [Read more...] about Vietnam continues to be one of the top FDI receivers in ASEAN

Vietnam remains a favorite destination for foreign firms seeking to shield from a combination of geopolitical tensions, rising operational costs thanks to the country’s strong economic performance in recent years. Foreign Direct Investment (FDI) commitments in the first half of 2022 reached over US$14.03 billion, equivalent to 91.1% of the same period last year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Production at Rhythm Precision in the Noi Bai Industrial Park, Hanoi. Photo: Pham Hung In the six months, 752 new projects have been approved with total registered capital of $4.94 billion, down 6.5% in the number of projects and 48.2% in capital year-on-year, while 487 existing projects have been injected an additional $6.82 billion, up 5.9% in number and 65.6% in capital. Meanwhile, 1,7077 projects had nearly $2.27 billion contributed by foreign investors, which was down 8% in several … [Read more...] about FDI commitments to Vietnam reach over US$14 billion in H1 2022

In the first six months of 2022, Vietnam Airlines has resumed flights to 14 countries and territories, including the UK, France, Germany, Australia, the US, Japan, Korea, Thailand, Malaysia, Singapore, Laos, Cambodia, Taiwan, and Hong Kong. Lately, the airline has opened a new route to India and is preparing the necessary conditions to immediately reopen flights to China, Myanmar, and Russia when the conditions permit. The national carrier is expected to resume flights to Indonesia in July and key international routes to Japan, Korea, and Australia in November at the same flight frequency as in 2019. It hopes that it will be able to restore the entire international flight network, equivalent to that in 2019 by the end of 2023. The gradual restoration of international flight routes is an opportunity for Vietnam Airlines to improve the usage efficiency of resources, increase revenue, improve production and business results, reduce losses, and aim at profits in the following years. … [Read more...] about Vietnam Airlines plans to restore its entire flight network by the end of 2023

Public and private sectors work together to establish a circular business economy in Vietnam, aiming towards the country's 2050 objective of net zero emissions. Photo by: Duc Thanh The conference saw the participation of representatives from the MoNRE, the United Nations Development Programme (UNDP), the Global Plastic Action Partnership (GPAP), SCG Vietnam and BeerCo Limited, the Vietnam Chamber of Commerce and Industry (VCCI), and other international organisations and businesses, as well as the press. During the plenary session, the panellists examined the feasibility of building CE in Vietnam to achieve the net zero emission objective by 2050. They also discussed factors to be considered when implementing a circular approach in the country, taking into account lessons learnt from foreign partners and proposals for the transition to circularity. Minister of Natural Resources and Environment Tran Hong Ha emphasised the importance of revamping the current linear economy in … [Read more...] about Vietnam primed for circular and sustainable advancement

The system connects the regional center for supporting flash flood warnings in Southeast Asia and those across the world. Southeast Asia Flash Flood Guidance System (SeAFFGS) has just been put into operation in Vietnam this week, according to the Meteorological and Hydrological Administration of Vietnam (VNMHA) under the Ministry of Natural Resources and Environment (MoNRE). The World Meteorological Organization (WMO) and the VNMHA  held a conference on June 28 to announce that Vietnam will assume a central role in forecasting landslides and flash floods. The SeAFFGS project aims to provide forecasts and early warnings for member countries in Southeast Asia, including Vietnam, Laos, Cambodia, and Thailand, with a funding of US$1.3 million. Delegates discuss flash floods and landslides in Southeast Asia. Photo: Thu Cuc Addressing the event, General Director of the VNMHA Tran Hong Thai said the SeAFFGS is part of the WMO's global flash flood guidance … [Read more...] about Vietnam hosts flash flood guidance system in Southeast Asia

China is the world’s largest rubber importer, Le Toan At its AGM on June 21, Vietnam Rubber Group (VRG) approved its 2022 business plan. The group aims to generate $1.29 billion in revenue but only about $230 million in after-tax profits, almost equal to the level of 2021. VRG has made efforts to reduce its dependence on the Chinese market for years. However, as of June, China still accounts for 30 per cent of its rubber and latex exports. With over 400,000 hectares of rubber plantations, VRG mainly earns its profits from selling rubber, latex, and timber. It generates about $108 million from rubber and latex. However, the group remains cautious in setting profit targets for 2022. China, the world’s largest rubber importer, has actively sourced natural rubber since the beginning of the year. According to Chinese customs authorities, the country’s import turnover of this product group in the first quarter reached $3.58 billion, an increase of 13.6 per cent over the same period … [Read more...] about Rubber groups aim to cut China reliance

The Vietnam Circular Economy Forum 2022 took place on June 28 with a focus on how to translate the commitment on net zero emissions into action. Addressing the hybrid event, Minister of Natural Resources and Environment Tran Hong Ha highlighted Prime Minister Pham Minh Chinh’s message to the forum that calls for solidarity and joint actions to reduce carbon emissions towards net zero like the way humankind has responded to the COVID-19 pandemic. The Government leader also emphasised cooperation among the countries, as well as between them and international organisations so as to step up circular economy models, especially by sharing knowledge, boosting joint scientific researches, developing and transferring technology, Ha said. Environmental and climate issues always enjoy the top priority in the agenda of the Vietnamese Party, National Assembly, and Government, along with national development programmes and plans, with the ultimate goal of protecting people’s health, ensuring … [Read more...] about Forum seeks to translate net zero carbon pledge into action

The kick-off conference on the national action plan for the circular economy and net-zero emissions - from commitment to action At the conference, national and international partners exchanged successful circular economy (CE) models from the region and globally, with the intention of identifying suitable models that can be applied in Vietnam. The forum provided an important opportunity for all parties to exchange ideas and prioritise mechanisms and policies to promote CE models. It hopes to strengthen cooperation and the mobilisation of resources, especially from the private sector, for the development and implementation of the CE model in Vietnam, which is critical to achieving the goal of net-zero emissions by 2050. Beyond the plenary session, the conference included thematic sessions focusing on the following issues: (i) Promoting cooperation in CE through the establishment of a network of partners and knowledge sharing; (ii) Financing and green technologies; (iii) … [Read more...] about Conference on national action plan for a circular economy net-zero emissions kicks off

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market