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10 outstanding events for Vietnamese cybersecurity in 2020

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The National Cyber Security Centre (NCSC). — Photo Vietnam+

The National Cyber Security Centre (NCSC) under the Authority of Information Security, Ministry of Information and Communications, recently announced 10 outstanding events for Vietnamese cybersecurity in 2020

1. Ensuring cybersecurity for major international events hosted by Việt Nam

Last year was a very special year for Việt Nam. Despite the COVID-19 pandemic, the country demonstrated its role as chair of ASEAN and offered new initiatives to contribute to the world.

Facing common difficulties and challenges, Việt Nam held a series of major and important online international and regional events last year.

Contributing to the overall success was the significant contribution of cybersecurity experts from the ministries of information and communications, public security and national defence, and service providers. Ensuring absolute security for these events demonstrated Việt Nam’s responsibility, role and image in the international arena.

2. All ministries, branches and localities basically implement Security Operation Centre (SOC) connecting with NCSC

That all ministries, branches and localities have basically implemented the SOC and technically connected with NCSC is a new step in information security assurance at agencies and units.

Implementing SOC helps ministries, agencies and localities to be proactive in ensuring cybersecurity. More than 10 Vietnamese enterprises provide SOC products and services.

3. The campaign to scan and process malware is deployed in the entire of Vietnamese cyberspace

The campaign to scan and handle malware nationwide by NCSC accompanies businesses in the Việt Nam Malware and Cyber-attack Prevention alliance and international enterprises.

Through the website khonggianmang.vn/chiendich2020 from September to December last year, the campaign was carried out in all provinces and cities from local to central levels.

4. WhiteHat Grand Prix Global Cyber ​​Security Competition 06 and Student Contest with ASEAN Information Security 2020

Many national and international cybersecurity competitions were held last year, notably, the global cybersecurity competition WhiteHat Grand Prix 06 and ASEAN Students Contest on Information Security 2020.

These competitions contributed to developing safe human resources and cybersecurity in Việt Nam while enhancing the country’s image and position in the international arena. 

5. Việt Nam one of the first countries to announce the list of requirements for technical quotas for terminals, base transceiver stations and quality of 5G service

The spread of 5G technology will create breakthroughs in the scale and speed of information. Việt Nam is accelerating the commercialisation of 5G mobile networks. The Ministry of Information and Communications has determined the most essential factor when implementing 5G is cybersecurity.

Therefore, a legal framework for information security for 5G networks has been established.

6. Make-in-Việt Nam cybersecurity product ecosystems account for more than 90 per cent of product categories

Việt Nam’s capacity to ensure cybersecurity is based on a very important foundation, which is the products, services and solutions in the information security ecosystem owned by Vietnamese enterprises. 

Statistics showed the rate of safe products for domestic network security increased to 55 per cent by 2019 from only five per cent in 2015.

A huge milestone in cybersecurity by last year is that Việt Nam has owned more than 90 per cent of the cybersecurity product ecosystem serving Party and State agencies and Vietnamese people.

6. Two major programmes: Việt Nam Information Security Day 2020

Hosted by VNISA, in collaboration with the Authority of Information Security, the Việt Nam Information Security Day 2020 took place for the first time both offline and online. This was the largest and most prominent forum in the country last year.

Issues discussed at the forum aimed to promote Vietnamese businesses to own the cybersecurity ecosystem, products and services for national digital transformation.

7. DF Cyber ​​Defence 2020 cybersecurity competition a highlight event of Banking Tech 2020, organised by NCSC and IEC Group

The event included 30 enterprises and organisations in the fields of finance – banking, insurance and securities.

The competition is expected to be an annual activity in the financial and banking sector.

8. Government’s measures against spam messages, spam emails, and spam calls bring results

Decree 91/2020 on combating spam messages, emails and calls was issued by the Government on August 14 last year.

It can be seen the Government’s drastic measures to combat spam messages, spam emails and spam calls last year have brought remarkable results and changes.

9. Taking advantage of online working during COVID-19, online tricks soared

NCSC experts said online fraud is a common and longstanding form of cyberattack. Taking advantage of the complex situation of the COVID-19 pandemic in which almost all activities went online, fraud through cyberspace has been increasing, especially targeting people using telecommunications and social networks.

10. A series of popular software and products exploited for vulnerabilities to attack APT

Groups of hackers all over the world were very active last year while the world was dealing with the COVID-19 pandemic. Hackers took advantage of security weaknesses of products, software and applications to launch cyberattacks.

Việt Nam was no exception when it comes to detect and prevented a series of Advanced Persistent Threat (APT) attacks. —

Source: https://vietnamnews.vn/economy/860078/10-outstanding-events-for-vietnamese-cybersecurity-in-2020.html

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Mitsubishi pulls out of central Vietnam coal plant

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Mitsubishi pulls out of central Vietnam coal plant

The logo of Mitsubishi Corporation is displayed at the entrance of the company headquarters building in Tokyo, Japan, April 26, 2016. Photo by Reuters/Issei Kato.


Japan’s Mitsubishi Corp has decided to pull out of a coal-fired power plant in central Vietnam amid growing international concern about environmental impacts.

The Japanese trading house will pull out of the 2-gigawatt Vinh Tan 3 project, planned to be located in the southern province of Binh Thuan, because of climate change targets, Reuters reported, citing two anonymous sources.

Without mentioning Vinh Tan 3 specifically, Mitsubishi said in a statement that it was committed to reducing its investment in coal power in line with international climate goals.

The 2-gigawatt plant was originally scheduled to come online in 2024.

OneEnergy, a joint venture of Mitsubishi and Hong Kong’s CLP group, holds a 49 percent interest in the $2 billion project. State-owned utility Vietnam Electricity owns another 29 percent. Chinese companies are handling materials procurement, construction and equipment delivery.

This marks Mitsubishi’s first withdrawal from a coal plant project. The trading house has said it will not build any new facilities of this type after Vung Ang 2, a Nikkei report said.

Mitsubishi still has a stake in the Vung Ang 2 coal power plant being built in the central province of Ha Tinh, which is more widely known after being subject to critical scrutiny by environmental and other groups as well as investors.

Source: https://e.vnexpress.net/news/business/companies/mitsubishi-pulls-out-of-central-vietnam-coal-plant-4240625.html

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Unable to cover expenses during Covid-19, owners sell hotels at cheap prices

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Many offers to sell coastal hotels in Da Nang have appeared on real estate forums these days. Most of them are located in districts Son Tra and Ngu Hanh Son.

Unable to cover expenses during Covid-19, owners sell hotels at cheap prices

A hotel put up on sale

On just one real estate website on February 22 many ads were listed.

A 4-star hotel on Vo Nguyen Giap street, 600 square meters, with 19 stories, 125 rooms and 2 conference rooms is offered at VND440 billion.

Hotels on the major streets of Ha Bong, Tran Bach Dang, Ho Nghinh, Vo Nguyen Giap and Ho Xuan Huong are offered at tens or hundreds of billions of dong.

Hoang Lam, the owner of a hotel on Tran Bach Dang street, said accommodation service providers have been hit hard by Covid-19.

“We have been struggling to survive by cutting costs. However, as capital is getting exhausted, hotel owners have to liquidate assets to pay bank debts,” he said.

“Selling hotels is unavoidable as there is no source of revenue, and the operation cost is high,” he said.

Do Van Hien from Dana Hotel, a broker, said a lot of hotels in Da Nang have been put up for sale since the second Covid-19 outbreak.

“The hotels for sale are 2-4-star. The prices have fallen by 20 percent and buyers are mostly from northern provinces,” Hien said.

According to Hien, 3-star hotels are priced at VND20-100 billion, while 4-star hotels are at least VND280 billion. The value of hotels depends on the locations, area, quality, numbers of rooms and brands.

The transactions of 4-5-star hotels, which have strong brands, are confidential. Hotel owners only work with prestigious brokers, and buyers have to prove their financial capability.

Hien said no one wanted to sell hotels in 2016-2019 because they could make a high profit from the business. But since 2020, guests are coming in dribs and drabs, and operation costs and loan interest rates are high.

Cao Tri Dung, chair of the Da Nang Tourism Association, admitted that tourism services have become nearly frozen and many hotels have been put up on sale.

“The pandemic resurgence before Tet blocked sources of guests. Ninety percent of clients cancelled or postponed plans to come to Da Nang,” he said.

He said this is common in a market economy, and that it is time to restructure the accommodation segment.

According to Da Nang People’s Committee, the total number of guests staying at accommodation facilities in the city in January 2021 was 251,094, a 65.6 percent decrease compared with the same period last year. 

Ho Giap

Source: https://vietnamnet.vn/en/business/unable-to-cover-expenses-during-covid-19-owners-sell-hotels-at-cheap-prices-715493.html

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Over 33,600 firms dissolve, suspend operations in Jan-Feb

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An employee is at work at a textile factory. The country saw over 33,600 firms leave the market or suspend their operations in the first two months of the year – PHOTO: VNA

HCMC – The country saw over 33,600 firms leave the market or suspend their operations in the first two months of the year, up 18.6% year-on-year, according to the Ministry of Planning and Investment.

Of the total, over 21,630 companies signed up to temporarily suspend operations, some 8,380 halted operations to complete dissolution procedures and over 3,590 were dissolved.

The number of newly-established firms in February dropped by 12.3% year-on-year at 8,040, while pledged capital surged by 85.6% at VND179.7 trillion. Besides, some 7,700 firms left the market in February, VietnamPlus news site reported.

Between January and February, some 18,130 companies were established, inching down 4% year-on-year, while the number of firms returning to the market, mainly active in the art, entertainment and education fields, and lodging and catering services, during the two-month period was 11,030, down 7.6% against the same period last year. However, the total registered capital increased by 12% to VND720.4 trillion.

Source: https://english.thesaigontimes.vn/80702/over-33600-firms-dissolve-suspend-operations-in-jan-feb.html

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