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Mekong Delta plan seeks flexible response to climate, market changes: Agriculture minister



The Mekong Delta is the first economic zone in Việt Nam to develop regional integrated planning. — VNA/ Photo

CẦN THƠ — Agricultural planning is a crucial part of the Mekong Delta regional master plan that will help open opportunities, Minister of Agriculture and Rural Development Lê Minh Hoan has said.

The minister emphasised that each locality in the region should actively expand its connections and boost coordination of the whole region for mutual sustainable development.

Speaking at the launch of the Mekong Delta regional master plan on Tuesday, Hoan said that it would be a turning point for the socio-economic development of the region, awakening potential and tackling pending problems.

“Land can be fragmented, administrative boundaries can be divided, but development space cannot be fragmented, economic space cannot be divided,” Hoan said.

The Coordination Office for Agriculture and Rural Affairs in the Mekong Delta, based in Cần Thơ City, coordinated to integrate regional agricultural information through the digitisation of databases, production planning, and standardisation of input material areas and production processes.

The office also helps connect enterprises investing in high-tech agriculture and deep processing. It also forms a commodity chain through industry associations, helping to improve the quality of cooperatives and links between production and consumption.

It also coordinated the operation of irrigation works to ensure synchronisation of the whole system.

Hoan said that the agriculture ministry was actively negotiating and calling for investment projects in agricultural and rural logistics infrastructure, including a cold storage chain to preserve agricultural products at inter-district and inter-provincial levels along the Hậu and Tiền rivers.

Ecological, integrated agricultural models recently appeared in many localities in the region, such as the economic model under the forest canopy, the shrimp-rice model in the peninsula in Cà Mau, and the model of converting from monoculture of rice to multi-cropping and intercropping to increase incomes for farmers in the Đồng Tháp Mười (Plain of Reeds), Long Xuyên Quadrangle, a production model adapted to drought and salinity in the coastal provinces, models of ecotourism, agricultural and rural tourism.

Hoan said the agriculture ministry and relevant agencies and localities were developing a project on the establishment of a centre based in Cần Thơ specialising in processing farming products for the whole Mekong Delta region.

It is expected that the project would be submitted to the Prime Minister next month.

As the Mekong Delta region is very vulnerable to the negative impacts of climate change, like saltwater intrusion, declining water resources, deposited estuaries, landslides and subsidence, proactive and flexible responses were crucial, Hoan said.

“Water resources including fresh, brackish and salt water are closely and intimately linked with diverse agro-ecological zones,” Hoan said, emphasising that with the spirit of “proactive, flexible” responses to changes, more development opportunities would be opened.

For example, a sensor device integrated with artificial intelligence, measuring the concentration of salty lever on the Cổ Chiên River in Trà Vinh Province or the breeding of new drought-tolerant and salt-tolerant crops.

Regarding regional linkage in the Mekong Delta Region, Minister Hoan said that the link was not a combination of population, area, and tangible resources of 13 provinces and cities. 

“Above all, it is openness, connecting thinking, connecting invisible and limitless resources, creating a harmonious relationship between the State, market and society, seeking new impulses, that will create a new development space,” he said.

Recently, many large corporations and enterprises had also implemented inter-provincial large-scale projects, promising to activate the potential of many localities at the same time. Those were optimistic signals that demonstrate the creativity, dynamism and vitality of the Delta, Hoan said.

“The point is that we need to connect and spread those values. Then, each locality, with its own specific conditions and strengths, will actively and harmoniously contribute to the overall economic space,” he said. “The Delta will become a complete economic entity, operating flexibly and dynamically.”

With effective planning and investment, the “Mekong Delta” brand could be recognised as an active example of overcoming the challenges that climate change creates, he said.

“With the issuance of a clear master plan, specific orientation along with investment priorities in infrastructure, logistics and services, investors, especially private investors will feel more secure and want to seek more opportunities in different fields,” he said. —



Revenue in the IT market is to reach $57 billion

Information and communications technology companies achieved good growth, which is a bright spot in the economic picture that is gradually regaining its recovery momentum.



In the report of Top 10, prestigious technology companies in 2022 published by Vietnam Report, the revenue in the group of enterprises in the ICT industry in the first 5 months of 2022 is estimated at $57 billion, up 8.5% over the same period in 2021.

With revenue growth in the first 5 months of the year, the ICT industry is expected to continue to grow strongly in the last months of the year, as the wave of digital transformation continues to take place, and technology investment is considered the nature of demand, helping to improve operational efficiency and reduce manufacturing costs across all sectors.

International Data Corporation shows that investment in global digital transformation is still growing at a forecasted compound annual growth rate of 15.5% over the period 2020-2023.

According to the survey of the Vietnam Report, all business and industry experts believe that the prospect of the last 6 months of 2022 will continue to grow, of which 61.1% believe that the growth will be strong.

Compared to previous surveys by Vietnam Report, it can be seen that the industry’s growth expectations are increasing rapidly.

However, besides the opportunities, the digital transformation process in the next normal context in Vietnam’s ICT enterprises is also facing difficulties such as complicated administrative procedures, lack of qualified human resources, research, and limited development of technology products.


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Vietnam hit by 265 cyber attacks a week

Vietnam came under 6,641 cyberattacks in the first six months of 2022, an increase of nearly 128% compared with the same period last year.



In 6,641 cyber attacks that caused problems to information systems in Vietnam, there were 1,696 incidents of phishing and 859 incidents of defacement, and 4,086 attacks to install malware, according recent report from the Vietnam National Cyber Security Centre.

On average, in the reported period, information systems in Vietnam suffered 1,107 incidents of cyberattacks each month, an increase of 36.5% compared to the annual average of 2021.

Banks were the main target of phishing campaigns that aimed to collect personal information and payment transaction information of users, according to the Department of Information Security.

From the beginning of 2022, this agency has received about 1,000 reports from people about scams in cyberspace.

In the first months of the year, the department detected and handled 506 scam websites impersonating financial institutions and banks. Support for handling and preventing 1.5 million Vietnamese Internet users from accessing scams and illegal sites.

To ensure for Vietnam’s information systems and cyberspace, in the coming time, the National Cyber Security Center will continue to monitor and actively scan, evaluate, make statistics, and promote cyber propaganda and warning so that users know and avoid the risks of cyber attacks; at the same time, focus on urging agencies to review vulnerabilities and signs of cyber attacks.


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F88 receives the Gold Certificate of Customer Protection

Meeting 7 strict criteria set forth by Smart Campaign (USA), Vietnamese consumer loan provider F88 received a gold certificate of Customer Protection Certificate.



This is the second time, F88 has received this honor. Seven criteria of Smart Campaign that F88 meets are Suitable products; Prevent excessive bad debt; Transparency; Responsible pricing; Respect customers; Privacy and customer data; Complaint handling mechanism.

The above criteria were established by Smart Campaign in 2013 and coordinated with auditing units such as M-CRIL, MFR to assess compliance at microfinance enterprises, thereby awarding Certificate of Insurance protect customers.

In Vietnam, in September 2019, F88 was the first financial institution to be awarded the Customer Protection Certificate, valid until October 2021. Recently, this business has received a notice to extend the certificate until June 2025.

Due to meeting more than 95% of the total criteria, F88 was awarded a gold certificate – the highest level in the certification system. Up to now, this is still the only financial institution in Vietnam to receive this prestigious certificate.

A representative of F88 said that there are 6 over 7 criteria, including suitable products; transparency; responsible pricing; respect customers; Protecting customer privacy and resolving complaints has been present in all of our transactions for many years.

F88 - Vietnam's only microfinance institution to receive a gold certificate for customer protection.
F88 – Vietnam’s only microfinance institution to receive a gold certificate for customer protection.

That is the comparative advantage, the value of the corporate culture that F88 has worked so hard to build. All customers when using the service at F88 are advised by the staff in detail on how to borrow, loan term and loan amount in accordance with each person’s ability to pay.

All customer information is strictly confidential. Debt settlement activities are conducted internally on the principle of understanding, respecting and creating the best conditions for customers to repay their debts.

In the condition that Vietnam’s microfinance market is still in its infancy, many customers are still afraid to access non-bank loans, this is the most effective way. In addition, despite the complicated developments of the COVID-19 epidemic, the total credit risk in the past three years has remained below 1%, helping F88 meet the criteria of preventing excessive bad debt.

From the above business results and operating principles, internal resources, in October 2021, F88 was assessed by Fiin Ratings as BBB – a promising and stable level.

Currently, F88 has developed nearly 700 stores nationwide, providing a variety of convenient financial services from loan product packages to services such as collection and payment agency, insurance distribution and many other convenient services… F88’s main customers are unskilled workers and those who do not have a bank account and cannot access financial services.


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