China’s BYD weighs building electric-vehicle assembly plant in Vietnam
The three countries are competing to host an electric-vehicle assembly plant for the Chinese maker of EVs, Bloomberg News cited information from a top official of Philippine trade and investment.
The Chinese auto giant is in an “advanced stage of discussions” with the Philippines, the Southeast Asian nation’s Trade Undersecretary Ceferino Rodolfo said in an interview with Bloomberg News reporter on Wednesday.
BYD representatives scoured the Philippines for possible factory sites during a visit late last year and the company may decide on the site during the second quarter, he added.
BYD, which is already set to build its first EV production facility in Southeast Asia in Thailand, is still exploring whether the new factory will be a full-blown assembly plant or a final-assembly facility with car parts shipped in from overseas.
However, a spokesperson for Shenzhen-based BYD, said the company doesn’t have “any relevant information to disclose.”
Talks between BYD and Indonesia over a potential investment in an EV factory in the country are ongoing, Bloomberg cited a person familiar with the matter who asked not to be named as the discussions are private.
Southeast Asian nations are racing to attract investments in EVs as global carmakers pivot away from the combustion engine, a transition that China has been dominating.
Chinese battery-making giant Contemporary Amperex Technology Co. Ltd., or CATL, is also in talks with Philippine government officials to invest in a plant to process nickel for electric-car batteries, along with its subsidiary Brunp, said Rodolfo, 52, who’s been with the government’s trade and investment agencies for a decade.
Over 57,000 ransomware attacks hit Vietnam in 2022
Vietnam suffered 57,389 ransomware attacks in 2022, the third-highest in Southeast Asia following Indonesia and Thailand.
The region recorded a total of 340,904 ransomware attacks targeting businesses last year, General Manager of Kaspersky for Southeast Asia Yeo Siang Tiong told a press briefing in Ho Chi Minh City on March 14.
Ransomware is a type of malware that locks a computer and mobile device or encrypts electronic files. To obtain the “decryption” key or retrieve data, a ransom is sought by the cybercriminals behind the attack.
Digital kidnappers are targeting enterprises in Southeast Asia, Mr. Yeo said, and the trend is forecast to continue increasing this year and see more complicated attacks.
Medigo’s app makes prescription deliveries available 24/7 in Vietnam
Now Ho Chi Minh City-based Medigo is planning to grow its telehealth ecosystem with $2 million in new funding by East Ventures, with participation from Pavilion Capital and Touchstone Partners.
The new capital will allow Medigo to expand its remote doctor consultations, medicine delivery services and home testing services, including blood tests, urine tests and pregnancy tests.
Medigo’s app connects users to nearby licenses pharmacies and delivers medicine within 20 minutes. It currently has 1,000 pharmacy partners in Hanoi, Da Nang and Ho Chi Minh City, Vietnam’s three biggest cities, and will began expanding to Tier 2 cities, like Binh Duong, Vung Tau and Hai Phong, this year.
The startup’s CEO and co-fouder Ha Le began working on the app after he had trouble finding fever reducers for his daughter in the middle of the night. “When I was in university as a software engineer, I never thought that working in the healthcare space would be the center of my daily life, but now, it is my life’s mission,” he told TechCrunch.
Medigo has plenty of competitors, including Doctor Anywhere, Jio Health, Edoctor, Long Chau, Pharmacity and Rightnow. Le said Medigo differentiates by working with pharmacies that are open around the clock so it is able to operate 24/7 consistently. It also plans to connect different providers, so users can have more choices on the same platform.
In a statement about the investment, East Ventures managing partner Koh Wai Kit said, “Digital technologies can improve the accessibility and affordability of good quality healthcare. We are excited by Medigo’s mission to revolutionize pharmacies and healthcare services in Vietnam.”
Revenue from cybersecurity sector up 33% in Q1
The Ministry of Information and Communications (MIC) recently reported positive results for the cybersecurity sector in the first quarter of 2023.
Specifically, the sector posted revenue of 252.8 billion VND (10.6 million USD) during the period, an increase of 33.5% year-on-year, resulting in a growth of 33.1% to 20.22 billion VND.
It contributed 21.8 billion VND to the State budget, up 50.6% over the same period last year.
According to the ministry, there are 103 cybersecurity enterprises operating in the industry during the period, a rise of 12% on-year, creating 3,492 jobs, up 10.6%. And the rate of domestic to foreign earnings reduced by 10.1% to 45.1%.
By the end of February, the total number of issued public digital certificates jumped 23.18% to nearly 5.87 million. Of which, the active ones rose 17.89% to approximately 1.9 million in February alone.
Its digital certificate status maintaining fees contributed an accumulated value of 10.79 billion VND to the State budget since the beginning of the year.
In the second quarter of 2023, MIC plans to create strategies to fulfil information security platforms for users both in Vietnam and foreign countries.
It also cooperates with the Committee on Science, Technology and Environment to complete the Law on Electronic Transactions and implement other tasks according to the guidance document No 652 in 2023.
Ancient Mang Thit brick village: A nostalgic destination in Vietnam’s Mekong Delta
Hungary to grant scholarships to 3 Vietnamese football talents
Dawn school trial for drowsy teens draws outcry in Indonesia
Scandal-struck APAX Leaders English center chain chairman pledges refunds
Couple offer free boarding house for poor students in central Vietnam
Việt Nam shocks Australia in U20 Asian Cup opening game
Booking.com names Vietnam’s top 10 friendliest destinations
Fire at Indonesia’s Pertamina fuel storage station kills 17
Phan Anh Tuấn introduces Vietnamese culture at Bangkok Design Week 2023
Film week to celebrate 80th anniversary of Party’s first platform on culture
First Vietnamese representative at a Winter Olympic
Da Nang museums attracting domestic visitors with free entry policy
Nom, nom, Việt Nam – Episode 76: Fried cheese sticks
In Sa Pa, ethnic children forced to peddle on streets in bitterly cold night
Nom, nom, Việt Nam – Episode 74: Huế beef noodle soup
Travel2 weeks ago
Vietnam welcomes 1.8 million foreign visitors in first two months
Business2 weeks ago
Electricity firm Nhon Trach 2 reports revised 28-fold profit increase
International1 week ago
Shetland sanctuary fights to save seals as pollution takes toll
Your Vietnam1 week ago
California Fitness brings transformation challenge back to Việt Nam
Travel2 weeks ago
Vietnam Tourism Marketing Strategy to 2030 issued
Entertainment-Sports1 week ago
The Local Game:I love to say I told you so
Entertainment-Sports2 weeks ago
Diva Hồng Nhung hosts concert commemorating songwriter Sơn
Business1 week ago
Vietnam’s Premier Tells Central Bank to Review Property Loans