Trung Luong-My Thuan expressway opens to traffic

President Nguyen Xuan Phuc on January 19 attended a ceremony to open the main road of Trung Luong-My Thuan expressway, a key route linking the Mekong Delta with Ho Chi Minh City and localities in the southern key economic region.

Addressing the event, President Phuc hailed efforts by leaders of Tien Giang and Deo Ca Group as well as relevant agencies in overcoming difficulties, especially in relocating more than 3,200 households at the project site, to complete the project with high quality.

He requested the construction sector to speed up the progress of My Thuan Bridge and the My Thuan-Can Tho expressway to complete the entire route from Trung Luong to Can Tho.

The State leader also assigned the Ministry of Transport to make plans on the construction of expressway, railway and waterway routes linking Can Tho and Ho Chi Minh City.

The construction of the Trung Luong-My Thuan expressway has been delayed for a decade with the project’s investor changed two times and the completion deadline put off four times.

After the Deo Ca group was invited by investors to take charge of the project in March 2019, the work was again affected by the COVID-19 pandemic.

However, with the tremendous efforts made by engineers and workers of the group, the road was completed after three years.

The 51.5km long expressway, which is an extension of the existing HCM City-Trung Luong Expressway, is part of the eastern section of the North-South Expressway. Together with the under-construction My Thuan-Can Tho Expressway will enable smooth transport from HCM City to Can Tho city.

It will shorten travel between the cities to two hours from the current three to four hours.

Earlier the same day, as part of his trip to the Mekong Delta, President Phuc offered incense to the Hung Kings at the Hung King Temple in Can Tho city.

Source: Vietnam News Agency

New plant species discovered in Thua Thien-Hue

A new species of flowering plant named My nhuy rang cua in Vietnamese has been discovered by scientists and forest rangers in the Phong Dien nature reserve in the central province of Thua-Thien Hue, reported the Tuoi Tre (Youth) newspaper.

Le Ngoc Tuan, director of the provincial forest protection department, said the discovery took place in December 2020, with the species scientifically named Deinostigma serratum. It was found growing on wet cliffs, areas around waterfalls and stream banks near the Rao Trang River.

Tuan said that it took more than a year from the date of discovery for the team to receive confirmation from research institutes around the world due to the COVID-19 epidemic.

It is a good news for scientists and forest protectors, as it proves the biodiversity in the Phong Dien nature reserve, Tuan said with delight.

Source: Vietnam News Agency

Much room remains for Vietnam to boost exports to Hungary

Trade between Vietnam and Hungary has grown continually over the past years, and it is believed that there remains much room for the Southeast Asian country to fuel exports to this European nation.

Thanks to the EU – Vietnam Free Trade Agreement (EVFTA) that took effect on August 1, 2020, bilateral trade topped 1 billion USD for the first time in 2020 to hit 1.297 billion USD, surging 73.88 percent from the previous year. The turnover included 925 million USD in Vietnam’s exports, shooting up 126.69 percent, according to the European -American Market Department at the Ministry of Industry and Trade.

Due to the COVID-19 pandemic’s impact, bilateral trade dropped 15.2 percent to slightly over 1 billion USD in 2021. Vietnam exported 570 million USD worth of goods to Hungary and imported 529 million USD in return, respectively declining 38.4 percent and rising 42.4 percent.

Pham Van Cong, Trade Counsellor and head of Vietnam’s trade office in Hungary, said trade between the two countries has increased fast in recent years, with electronic devices making the largest contribution. Besides, agricultural and food products are also potential commodities.

Notably, Vietnam’s shipments to Hungary in 2020 increased by over 8-fold from 2016, he noted.

He held that goods from Vietnam in general and agricultural products in particular still have much room to expand their presence in Hungary. In particular, the EVFTA has been giving tariff advantages to Vietnamese commodities compared to rivals from other countries.

Cong recommended enterprises proactively learn market information via the internet and trade promotion organisations of the two countries. They can also gain help from Vietnam’s trade office in Hungary to minimise business risks.

Meanwhile, Pham Ngoc Chu, Chairman of the Vietnamese Business Association in Hungary, stressed that to enjoy good sales, products must meet requirements about quality, packaging, and language on package. Besides, enterprises also need to guarantee uninterrupted supply and consistent quality.

With their complementary advantages, the two countries definitely have room to explore chances for further enhancing their economic – trade ties in the time ahead, he added.

Source: Vietnam News Agency

FPT Software signs strategic cooperation with Japan’s True Data

Trandata Technology Engineering JSC (TDT) of FPT Software signed a strategic cooperation agreement with True Data of Japan to develop data technology on January 19.

Under the agreement, the two sides will jointly promote business expansion and develop technology solutions by studying Vietnamese consumer consumption behaviour for Japanese products and forecasting the Vietnamese retail market.

True Data will spend a large strategic investment in Trandata to expand its data business, focusing on Big Data technology in the Vietnamese market.

Based on Artificial Intelligence (AI) technology and FPT Software’s technological qualification, the two sides will build a retail data platform, and provide data solutions for the retail industry.

These solutions will help participants of the retail market have access to comprehensive economic forecasts, along with datasets to help make data-informed business decisions.

Trandata has worked with local retailers to conduct surveys and analyse consumer behaviour. This is the basis for Trandata to help True Data gain deeper access to the industry’s data source to create a single data source that reflects the current situation.

Source: Vietnam News Agency

Standing Deputy PM urges creating sustainable livelihoods for ethnic minorities

Standing Deputy Prime Minister Pham Binh Minh on January 19 emphasised socio-economic infrastructure development, the building of value chains and the transfer of technologies to create sustainable livelihoods for ethnic minority groups.

Addressing a meeting of the Committee for Ethnic Minority Affairs, Minh said it is a must to keep a close watch on the situation in mountainous and ethnic minority-inhabited areas, especially natural disasters and diseases there and “security hotspots”.

He requested that the committee, relevant agencies and local authorities effectively roll out the strategy on ethnic affairs in 2021-2030 with a vision towards 2045, the master scheme and the national target programme on socio-economic development in mountainous and ethnic minority-inhabited areas in 2021-2030.

Deputy PM Minh also ordered promoting legal popularisation, expanding international cooperation in ethnic affairs to attract foreign investment in the regions, and continuing with people-to-people diplomacy.

He reiterated the importance of policies on ethnic affairs and affirmed that over the past years, the Vietnamese Party and State have issued many guidelines and policies on ethnic affairs, which have covered all sectors and regions, helping to raise living standards of ethnic minorities.

In his remarks, Chairman of the committee Hau A Lenh said the ethnic affairs work has received the due attention of the Government and the Prime Minister, the effective coordination between ministries, agencies and localities, and the supervision of the National Assembly’s Committee for Ethnic Affairs.

In 2022, the committee will focus on building projects and policies, and step the ethnic affairs work in the new situation, he said.

Source: Vietnam News Agency

Make-in-Vietnam key to making nation a digital powerhouse

Nguyen Lan Anh, a primary school teacher, used a social media chat app to send and receive homework when online classes became the norm.

The teacher with the Lang Thuong Primary School in Hanoi’s Dong Da district said it took a lot of time because she had to download, grade the work and send it back to her students.

Of late, however, her burden has been considerably eased by home-developed platforms like Azota, designed specifically for generating questions and exercises.

“This application is very convenient and effective for teachers, especially for online learning. For online exams, the system will display the student’s name, status and submission time,” Anh told Vietnam News Agency.

In addition to serving as a database for teachers and students, the platform also helps promote cohesion between teachers and students’ parents, she said, explaining that it helped parents monitor the progress of their children.

Nguyen Hai Au, a representative of the Azota Education Technology Joint Stock Company, said the idea of developing the platform came from a desire to simplify the work for teachers and shorten the time taken for administering and grading a test from several hours to a few minutes. The platform makes it easy for both teachers and students to perform their tasks, he said.

Teachers can easily upload the list of students and exam questions to the system. The test is sent to each student and the teacher can keep track of who has submitted their answers. The company says the platform has six million monthly users.

The platform has been honoured as an outstanding “Make in Vietnam” product for 2021.

“Make in Vietnam” is an initiative/slogan launched by the Ministry of Information and Communications (MIC) in 2019, aiming to promote development of the domestic ICT industry. It calls on businesses to design, create and manufacture products in Vietnam instead of outsourcing them to help solve the nation’s problems and boost its global presence.

Nguyen Manh Hung, Minister of Information and Communications (MIC), highlighted Make-in-Vietnam as a key strategy in the country’s development.

Addressing the third Forum for Digital Technology Enterprise Development on December 11, he said: “Without Make in Vietnam, our country cannot become a developed nation; cannot establish our presence in the world; cannot strengthen ourselves; and cannot become mighty and prosperous.”

Pandemic impetus

Ha Trung Kien, deputy director general of G-Group, said the pandemic has accelerated the digital transformation process among Vietnam’s enterprises.

He cited a 2020 report of the Vietnam Chamber of Commerce and Industry that said about 75 percent of small and medium enterprises (SMEs) in the country are willing to apply digital technology in their operations and management. The gap in technology application rate between SMEs and large enterprises has decreased from over 20 percent to only 5 percent. This is significantly different from what it was before the pandemic.

Kien said the pandemic has prompted enterprises to seek ways to optimise costs and this will result in a shift from foreign to indigenously developed platforms. With many businesses seriously affected by COVID-19 in 2021, digital transformation is not a question of advancement but one of survival, he said.

Kien, who founded the Gapo social network with more than 6 million users, said that home-grown platforms have several advantages over foreign ones because the creators have a better understanding of Vietnamese culture and business needs. Moreover, Vietnamese support teams are always ready to assist enterprises and their costs are lower than that of foreign platforms.

According to him, the idea of the home-grown platform was prompted by the need of his own company.

“At the beginning, each company in our G-Group used different communication platforms. The lack of uniformity made management difficult,” he recalled.

The company then decided to adopt Workplace- a foreign technology platform for internal communication. However, it was too costly as they had to pay 8 USD per person per month, Kien said.

After three years, they ended up developing GapoWork, a set of tools that have helped employees connect with each other easily at a reasonable cost.

Pleasant surprise

Mai Xuan Dat, the CEO of John Capital Company, which specialises in Objectives and key results (OKRs) training and startup investment, said online communication became essential to his company during pandemic times.

His company also had to stop using Workplace to optimise costs. For a long time, they couldn’t find any platform as good as Facebook Workplace. It took him a while before signing up for GapoWork.

“Actually, I opposed it at the beginning, thinking it would be difficult for a Vietnamese company to make a digital product of the same quality as that of US giants. But to my surprise, everything was smooth and in just ten minutes, I felt good about using it.

“The excitement returned to the company in just one day of using GapoWork,” he said.

GapoWork was recognised as an outstanding solution at the Vietnam Digital Awards 2021.

These two products are evidence that tech products made in Vietnam can solve the nation’s problems and realise the ministry’s ambitious targets.

It is expected that the information, electronics and telecommunications industry will master or develop technologies to produce cover more than 45 percent of relevant content by 2025.

The country is expected to have 100,000 digital technology enterprises by then, with at least 10 internationally competitive unicorns playing a major role.

Progress in difficult times

Despite all the pandemic difficulties, the number of indigenous businesses in the industry increased remarkably in 2021, said Nguyen Thanh Tuyen, Deputy Director of the Information Technology Department under the MIC.

Vietnam is home to 64,000 digital technology firms, an increase of 5,600 over 2020; and these have created 1,000 indigenous ICT products and services.

In 2021, Vietnam ranked 44th out of 132 countries and economies in the Global Innovation Index (GII) and 59th out of 100 countries in startup ecosystem. The country also came third in the list of the most active startup ecosystem in Southeast Asia after Indonesia and Singapore.

In 2020, the ministry announced more than 30 platforms were developed in the country, with many projects related to information security.

Under the ministry’s leadership, Vietnamese businesses have researched new technologies including 5G, Artificial Intelligence (AI) and Big Data, Tuyen said, adding that the development is unprecedented.

The total revenue of the ICT industry was 3.46 quadrillion VND (152.2 billion USD) in 2021, a year on year growth of 9 percent.

The products of digital firms have been used and proved effective, Tuyen said, citing the digital transformation of public services and document management systems in several localities as examples. The smart city management centres in 38 localities have been built by Vietnamese digital tech enterprises, he noted.

Despite the impressive achievements, the ICT industry still faces numerous challenges.

Up to 90 percent of digital technology firms in Vietnam are small and medium enterprises (SMEs), so their RandD budgets remain modest.

According to the report entitled “Technological change in Vietnam: the contribution of technology to economic growth” which was developed by CSIRO, Australia’s national science agency, and the Ministry of Science and Technology, Vietnam’s RandD investment level is still quite low compared to the regional and world average. In 2019, the budget for RandD in Vietnam was just 0.53 percent of the country’s GDP.

The RandD resource limitations are reflected in the number of researchers engaged in RandD per million in Vietnam, which is reported at 896 in 2018, just 7.6 percent of the Republic of Korea, 29.8 percent of Malaysia and 58 percent of Thailand.

The lack of skilled workforce can also hamper its development, industry insiders have cautioned.

Incentive policies

Le Dang Dung, acting Chairman and General Director of the Military Industry and Telecoms Group (Viettel), said telecommunication infrastructure plays an important role in the country’s digital transformation process.

However, it will be difficult to master technology and ensure information safety if Vietnam continues to buy products from abroad, he stressed.

Therefore, Viettel was determined to implement the “Make-in-Vietnam” strategy in both researching and manufacturing telecommunication and digital infrastructure equipment, he told the Dau Tu (Investment) newspaper.

The acting Chairman of Viettel also suggested that special policies are issued to promote indigenous tech products in the domestic market.

“We really want to sell products in the domestic market, but it is not easy for Vietnamese businesses to buy Viettel’s high-tech products (without policy support),” Dung said.

In 2020, the ministry announced more than 30 platforms were developed in the country, with many projects related to information security.

Under the ministry’s leadership, Vietnamese businesses have researched new technologies including 5G, Artificial Intelligence (AI) and Big Data, Tuyen said, adding that the development is unprecedented.

The total revenue of the ICT industry was 3.46 quadrillion VND (152.2 billion USD) in 2021, a year on year growth of 9 percent.

The products of digital firms have been used and proved effective, Tuyen said, citing the digital transformation of public services and document management systems in several localities as examples. The smart city management centres in 38 localities have been built by Vietnamese digital tech enterprises, he noted.

Despite the impressive achievements, the ICT industry still faces numerous challenges.

Up to 90 percent of digital technology firms in Vietnam are small and medium enterprises (SMEs), so their RandD budgets remain modest.

According to the report entitled “Technological change in Vietnam: the contribution of technology to economic growth” which was developed by CSIRO, Australia’s national science agency, and the Ministry of Science and Technology, Vietnam’s RandD investment level is still quite low compared to the regional and world average. In 2019, the budget for RandD in Vietnam was just 0.53 percent of the country’s GDP.

The RandD resource limitations are reflected in the number of researchers engaged in RandD per million in Vietnam, which is reported at 896 in 2018, just 7.6 percent of the Republic of Korea, 29.8 percent of Malaysia and 58 percent of Thailand.

The lack of skilled workforce can also hamper its development, industry insiders have cautioned.

Incentive policies

Le Dang Dung, acting Chairman and General Director of the Military Industry and Telecoms Group (Viettel), said telecommunication infrastructure plays an important role in the country’s digital transformation process.

However, it will be difficult to master technology and ensure information safety if Vietnam continues to buy products from abroad, he stressed.

Therefore, Viettel was determined to implement the “Make-in-Vietnam” strategy in both researching and manufacturing telecommunication and digital infrastructure equipment, he told the Dau Tu (Investment) newspaper.

The acting Chairman of Viettel also suggested that special policies are issued to promote indigenous tech products in the domestic market.

“We really want to sell products in the domestic market, but it is not easy for Vietnamese businesses to buy Viettel’s high-tech products (without policy support),” Dung said.

Source: Vietnam News Agency

Resolution creates institution for development of business community

The 15th National Assembly’s Resolution 31 on an economic restructuring plan for 2021-2025 will create a favourable institutional framework and business environment for the strong development of enterprises in Vietnam, according to Hoang Quang Phong, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI).

In an interview granted to the Vietnam News Agency, Phong stated that the new resolution continues to pursue the restructuring of the economy in a comprehensive and focused way, on the basis of inheriting and developing the achievements of Resolution 24 adopted by the 14th legislature in 2016 on an economic restructuring plan for 2016-2020.

He highlighted positive results brought about by Resolution 24, saying that it helped boost the development of the domestic private sector, attract foreign direct investment (FDI), increase the productivity, quality and efficiency of industries associated with international economic integration.

However, he pointed to several existing shortcomings, including a slow change in growth model, a slow growth rate of labour productivity, and limited contributions of scientific and technological advances to improving labour productivity.

According to Phong, the private sector’s development has not matched the economy’s scale and openness, and the economy’s dependence on the FDI sector has not reduced.

He added that a number of legal regulations still hamper the restructuring of the economy, while the reform of economic institutions and economic restructuring are not extensive and strong enough to form a more suitable and dynamic economic structure.

Under the new resolution, priority will be given to the development of industries and fields with great potential, the formation of reasonable and effective structures for each industry and field as well as among industries and fields and the whole economy.

The Resolution aims to speed up economic restructuring in association with innovating the growth model towards ensuring macroeconomic stability, improving the economy’s productivity, quality, efficiency and competitiveness based on science, technology and innovation and high-quality human resources, thus contributing to promoting socio-economic recovery and development, building an autonomous economy, improving the adaptability and resilience of the economy.

One of the five key tasks of the 2021-2025 economic restructuring plan is to create an institutional framework and business environment conducive to the development of enterprises.

The VCCI Vice Chairman also stressed the need for enterprises to pay special attention to restructuring themselves and play an active role in this process.

Source: Vietnam News Agency

Steel industry expects rosy outlook for 2022

Many insiders believe that 2022 will be a promising year for the steel industry when the pandemic is brought under control and construction demand rebounds strongly.

Last year’s crude steel output is estimated at 23 million tonnes, up 16 percent from 2020. Meanwhile, 33 million tonnes of finished steel products was manufactured and 29 million tonnes sold, respectively rising 19 percent and 16 percent, according to the Vietnam Steel Association (VSA).

Positive export results were recorded in 2021 when more than 14 million tonnes of finished and semi-finished steel products were shipped abroad, bringing home over 12.7 billion USD. However, domestic sales fell 11 percent year on year as a result of the coronavirus resurgence’s impact.

VSA Vice Chairman Tran Tuan Duong, who is also Vice President of the Hoa Phat Group, said despite the lingering COVID-19 pandemic, the steel industry of Vietnam has still posted growth. Facing stagnation in the domestic market, businesses have boosted exports, making the country a net exporter and the largest producer of steel in Southeast Asia.

Chairman of the association Nghiem Xuan Da held that 2021 was a favourable year for the steel sector of Vietnam and the world at large. As free trade agreements took effect and trade tensions between superpowers caused difficulties to the global market, it was a chance for the Vietnamese industry to join global supply chains.

Vietnam’s steel market is forecast to have a better outlook in 2022 when the Government issued directions on stabilising and developing production and business activities flexibly adapted to the pandemic.

The VSA noted the Government’s Resolution No. 01/NQ-CP, released on January 9, 2022, that details measures for socio-economic recovery and development will support the industry to grow more strongly this year.

Source: Vietnam News Agency