Intel built largest solar power station in Vietnam
After nearly five months of construction and a cost of approximately US$1.1 million, the new solar power station is expected to supply about 30 per cent of Intel’s total electricity consumption in a year for the next 20 consecutive years.
This new solar power station, comprising of 1,092 solar panels and 21 adapters, can directly provide the company with around 321,000KWh of electricity per year without using rechargeable batteries, equivalent to electricity consumed by 500 households in Vietnam.
This is the first and only solar power station built by Intel Corporation in Asia, many times bigger than the ones assembled by [...] Continue Reading...
Why It Is Necessary To Get Your Website Scanned For Security
Consider this; in one of the largest web based data theft cases, 45 million credit cards were affected. In another case over 40,000 USD mysteriously disappeared from two bank accounts, thanks to a hacker group. In yet another case, when clients of ABC Company and other prospective customers tried to login to company’s website, they were redirected to a competitors page, and the company loses the customer! Apart from direct losses, there are many other indirect losses. According to a whitehat security report in 2008, [...] Continue Reading...
PM approves 2010-2020 Science and Technology Development Strategy
Prime Minister Nguyen Tan Dung approved the Science and Technology Development Strategy for the 2010-20 period which targets boosting the value of high-tech and applied science products to about 45 per cent of GDP by 2020.
Under the strategy, the value of the science and technology (S&T) market will increase by an average of 15-17 per cent per year.
The development strategy also requires an increase in the ratio of scientific researchers and professional staff in information and communication technologies (ICT) to nine or ten people per ten thousand. Up to 5000 highly skilled engineers will be trained to manage and [...] Continue Reading...
Outsourcing: Relationships Get Results
For managers wishing to appear dynamic and cost-conscious, outsourcing, near-shoring and off-shoring seem to provide the perfect solutions. All entail moving services or production to other countries which boast a charming combination of talented staff and lower labor costs, usually located in emerging markets such as Romania or Vietnam. Basically, outsourcing means having an external company do some activity instead of your own company. Near-shoring is when this is done by a country in proximity to the home country, such as Mexico is to the U.S. Off-shoring is when this is done by a country further away from the [...] Continue Reading...
What will happen when Google, Facebook set foot in Vietnam?
Under the draft decree on Internet and information content service management, foreign institutions which provide public information services across the border, attracting many users in Vietnamese territory, have to set up representative offices in Vietnam.
Once the draft decree gets approval and takes effects, the “big guys” in the field of digital content, such as Google and Facebook, would be officially present in Vietnam.
Representative offices not only help collect tax
The fact that Google and Facebook can make big money in Vietnam but do not pay tax has become a hot topic in discussions. Competent agencies have been many times urged [...] Continue Reading...
Software Outsourcing to Vietnam: A Major Challenge
This post comes out of a conversation I had with my friend Prithvi, who has years of experience in the outsourcing industry both here and in China and other countries.
Outsourcing is a huge industry here in Vietnam. It solves several problems for Vietnam. First, it brings in much needed income. Second, it does so without requiring a high ratio of expensive imported inputs (compare this to making shoes which are exported for a cheap price, but most of the costs come from materials which must be imported). Third, it helps advance domestic use of technology, which should make all [...] Continue Reading...
Software industry challenged by rising human resource costs
HCM CITY — Rising costs for human resources have weakened Viet Nam's chief competitive advantage in the software industry.
In the past, cheap labour was seen as the country's chief competitive advantage in making international-standard software, but that advantage is declining.
The pool of employees for the software industry is still rather small, and language skills, particularly in English and Japanese, for writing software are limited.
Viet Nam, however, still maintains a balance between expenditures and human resource skills, compared to India and China.
"But this balance could collapse if the country doesn't control inflation," Nguyen Hung Cuong, software development director at Harvey [...] Continue Reading...
Vietnam is a top destination for investment beyond BRIC
In 2010, Vietnam has held its place for the third year running at the top of a list of emerging markets, outside of the BRICs, where UK firms should be looking to do business, according to global investors surveyed by UK Trade & Investment and the Economist Intelligence Unit.
In the next five years Asia's economy will grow by 50 per cent, and be comparable in size to the economies of the United States and Europe. By 2030 Asian GDP will exceed that of the G7 (June 2010 IMF report 'Asia Leading the way').
Vietnam is a top destination for investment [...] Continue Reading...