Viet Nam News HCM CITY — A free and open internet that facilitates cross-border data flows plays an essential role in promoting the digital economy of Việt Nam and the ASEAN region, speakers at a workshop held in HCM City said yesterday. Speaking at the “Understanding Cross-Border Data Flows: E-Commerce and Beyond” workshop, US Consul General Mary Tarnowka said Việt Nam has an opportunity to be a global leader in e-commerce and smart city technology. “But policies that limit the free flow of ideas and data threaten these goals,” she said. “The fourth industrial revolution could fundamentally change the way in which our daily lives interact with technology, and some of these changes are already happening.” Through advances ranging from biotechnology to self-driving cars, the evolving technology industry promises to find solutions for real problems and improve the quality of life for people around the world, she said. … [Read more...] about Open internet key for economy
Economy
Game against South Korea to cost German economy up to €200 million
Economists say it's actually not all that bad if colleagues watch World Cup matches together. Photo: DPA Excitement is in the air for football fans nationwide in the run up to the national team’s World Cup game against South Korea on Wednesday. But from an economic point of view, the match will be expensive for the country. The reason the match could hit the economy so hard is that it kicks off before usual working hours come to an end - at 4pm. Accordingly, the decisive football game which Die Mannschaft may need to win in order to reach the final 16 in the tournament is estimated to cost the German economy between €130 and €200 million. Around 30 percent of employees are still working around 4pm, said economists at the Institut der deutschen Wirtschaft (IW) according to German press group Funke Mediengruppe. If one in two of these employees watches the game and on average one labour hour without subsequent work is lost, the economy will incur costs of … [Read more...] about Game against South Korea to cost German economy up to €200 million
Huawei executive warns Australia risks economy with 5G ban
Rod Mcguirk, Associated Press Updated 10:50 pm, Tuesday, June 26, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Mick Tsikas, AP Image 1of/3 CaptionClose Image 1 of 3 Huawei Technologies Australia Chairman John Lord speaks at the National Press Club in Canberra, Wednesday, June 27, 2018. Lord says Australia could damage its economic future if it bans the Chinese telecommunication giant from the nation's next-generation mobile network technology. (Mick Tsikas/AAP Image via AP) less Huawei Technologies Australia Chairman John Lord speaks at the National Press Club in Canberra, Wednesday, June 27, 2018. Lord says Australia could damage its economic future if it bans the Chinese ... more … [Read more...] about Huawei executive warns Australia risks economy with 5G ban
US newspaper calls for recognition of Vietnam’s market economy
The Vietnam-US Bilateral Trade Agreement (BTA) signed in 2001 sent a positive signal to investors, but the US has not yet formally recognized Vietnam’s market economy. Policy experts are optimistic about Vietnam’s progress toward meeting the standards of a market economy, it said. The paper quoted Professor Carl Thayer of New South Wales University, who said if Vietnam is recognized as a market economy, it will enjoy lower US tariffs. Vietnam has implemented the Doi Moi (renewal) policy since 1986, bringing prosperity to many people and expanding the middle class. Vietnam’s broadband service allows people to access multiple sources of information internationally, facilitating Vietnam’s integration into the global economy. It also boosts Vietnam’s leadership in ASEAN. The article said the US should recognize Vietnam’s market economy to improve Vietnam-US relations, strengthen maritime safety and security through joint naval exercises, and deploy … [Read more...] about US newspaper calls for recognition of Vietnam’s market economy
Worsening economy triggers tense protests across Tehran
By Jon Gambrell Published 12:57 pm, Monday, June 25, 2018 Photo: Atta Kenare / AFP / Getty Images Image 1of/1 CaptionClose Image 1 of 1 Normally bustling shops in Tehran’s Grand Bazaar are closed amid protests over Iran’s sinking economy. Normally bustling shops in Tehran’s Grand Bazaar are closed amid protests over Iran’s sinking economy. Photo: Atta Kenare / AFP / Getty Images Worsening economy triggers tense protests across Tehran 1 / 1 Back to Gallery DUBAI, United Arab Emirates — Protesters angered by Iran’s cratering economy confronted police in front of parliament on Monday, with security forces firing tear gas at them, according to online videos, the first such confrontation after similar demonstrations rocked the country at the start of the year. The unplanned … [Read more...] about Worsening economy triggers tense protests across Tehran