At a meeting in Hanoi on March 21 with US Ambassador to Vietnam Ted Osius, the Minister noted that Vietnam is to develop five smart cities in the future. He proposed that the two sides increase policy dialogues to strengthen mutual understanding on visions, plans and the implementation of specific cooperation activities in information and communication technology. Vietnam and the US should coordinate in holding conferences and seminars to share experience in managing and developing new service forms and business models in the digital economy, while building effective cooperation mechanisms in ensuring cyber security, he suggested. Minister Tuan noted that Vietnam and the US have formed a comprehensive partnership since 2013. Last year, two-way trade reached over US$40 billion, with Vietnam’s exports over US$33 billion and import value of about US$8 billion. In the field of information and communication technology, most tech giants in the US have invested in Vietnam, including … [Read more...] about Nhandan Newspaper – Vietnam calls for US cooperation in building smart cities
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Vietnam calls for US cooperation in building smart cities
Minister of Information and Communications Truong Minh Tuan has called for US businesses’ engagement in providing technology and cooperating in building criteria for smart cities as well as local planning. At a meeting in Hanoi on March 21 with US Ambassador to Vietnam Ted Osius, the Minister noted that Vietnam is to develop five smart cities in the future. He proposed that the two sides increase policy dialogues to strengthen mutual understanding in vision, orientations and the implementation of specific cooperation activities in information and communication technology. Vietnam and the US should coordinate in holding conferences and seminars to shar experience in managing and developing new service forms and business models in the digital economy, while building effective cooperation mechanisms in ensuring cyber security, he suggested. Minister Tuan noted that Vietnam and the US have become comprehensive partnership since 2013. Last year, two-way trade reached over 40 billion … [Read more...] about Vietnam calls for US cooperation in building smart cities
US paper: Vietnam emerges as Asiaâs newest IT tiger
While Vietnam has clearly emerged as an alternative to China for manufacturing work, the country is also increasingly showing up on the radar screen of companies seeking an alternative destination for outsourced IT work and outsourcing in general, reported a US newspaper. âIn fact, Vietnam is well poised to position itself as an alternative to China for both IT and outsourcing work and as a cost effective alternative to India for certain niche areas such as programming. Hence, look for Vietnam to emerge as Asiaâs newest and next IT and outsourcing tiger,â the paper said. Although Vietnam has felt the pinch from the global economic crisis and the slowdown in American demand for imports, the countryâs economic fundamentals and the potential for its IT services and outsourcing industry remain strong. IT is considered to be one of the fastest growing industries in Vietnam . From 1995 until the end of 2008, the country had attracted 332 foreign-invested IT projects worth 2 … [Read more...] about US paper: Vietnam emerges as Asiaâs newest IT tiger
Vietnam-US economic cooperation – Viet Nam – News
Hanoi Times - Within the first decade after the 1975 end of the war, Vietnam’s economy faced stagnation, with inflation hitting 700 percent in 1986 and a serious shortage of funds for investment. In that year, the Communist Party in its Sixth Congress approved a broad reform package, "Doi Moi" (or Renovation), that introduced market reforms and dramatically improved Vietnam’s business climate. The country started shifting its central-planning economy based on the Soviet style toward a market-oriented mechanism.The country issued the law on foreign investment in Vietnam in 1987, which reaffirmed the market opening policy that provided a higher legal framework to help the country attract foreign investment.Over the past two decades ending in 2007, Vietnam has attracted $98 billion of foreign investment, of which operational projects totaled $83 billion. Foreign investment projects had yet to pick during the first three years of 1988-1990 since the law came into … [Read more...] about Vietnam-US economic cooperation – Viet Nam – News
“Meet Vietnam” – Good Chance to Promote Vietnam-U.S Bilateral Relations
Vietnam is the first of a series of activities to expand external economic relations and promote the image of Vietnam in San Francisco City, California, USA. This event is held by the Vietnamese Ministry of Foreign Affairs in coordination with related ministries, branches and localities on November 15 and 16 in San Francisco. "Meet Vietnam" is aimed to help politicians, businessmen and people in California to know more about the land, the people and the economic development potentialities in Vietnam; promote multifaceted relations between Vietnam and California, especially in economy, trade, investment, education, science and technology; create conditions for Vietnamese people in California to approach real information and update the development in Vietnam, thus persuading overseas Vietnamese to contribute to the socioeconomic development of Vietnam. "Meet Vietnam" is constituted by exhibitions, art performances, investment forums, information technology, education and other … [Read more...] about “Meet Vietnam” – Good Chance to Promote Vietnam-U.S Bilateral Relations