Economists have voiced their disappointment about the draft of the amended labor code, saying that the competitiveness of the national economy will weaken because of rigid regulations on extra working hours and wages.

Instead of competing fiercely with each other, cashew companies have now joined hands to boost exports and focus on deep processing to obtain higher added value for their products.

E-wallets are believed to be a very promising business field in Vietnam, but the market is now controlled by foreign firms.

Analysts believe that delivery services offering the shortest delivery time thanks to technology applications will win the market.

A representative of Vsmart said the manufacturer will design smartphones and increase the locally made content in products to 60 percent by 2020.

Vietnam has increased imports of chicken from the US which have the surprisingly low price of VND18,000 per kilogram.

Many smart TV models running on Android are being offered at surprisingly low prices of VND3-5 million, cheaper than Samsung, Sony and LG products.

The country’s seafood industry would have $4-5 billion more each year if byproducts were used, say experts.

The highest added value lies in R&D, and if Vietnam continues to rely on outsourcing, its productivity will not improve significantly.

Vietnamese technology firms have gained great achievements in AI among the presence of technology giants, especially in the last 1-2 years.

VietNamNet Bridge - The scenarios for digital economy development are expected to help the government recognize risks and opportunities for better policy-making methods for the future.

VietNamNet Bridge - While robots have been used widely at many factories around the world, few are seen at factories in Vietnam, according to La Manh Hung from University of Nevada.

MBBR (Moving Bed Biofilm Reactor) is a medical waste water treatment technology which has 1.5-2 times higher efficiency than conventional aerobic bioreactors. 

VietNamNet Bridge - Always polite, typing correctly and never losing their temper, ‘virtual officers’ or chatbots, a product of artificial intelligence, have become more common on online sale chains in Vietnam.

VietNamNet Bridge - The domestic LED (light-emitting diodes) market has been developing rapidly but chaotically in recent years.

VietNamNet Bridge - Boeing’s partner and strategic supplier Huneed Technologies has expressed its willingness to build a factory to make electrical wires for aircraft in HCMC. 

The shift to digital banking has helped banks to provide modern and convenient services to customers, but this has also exposed them to many security risks, experts said at a conference in Hanoi on Wednesday.

Though the therapeutic effect of Crila capsules made of trinh nu hoang cung plant has been proven, the inventor had to spend another four years on research to reduce the dose from eight to four tablets per day to meet the international standard.

VietNamNet Bridge - Young commercial banks in Vietnam have geared up to automate retail banking services in order to compete with older banks.

VietNamNet Bridge - The right to live in a healthy environment with no radioactive waste must be a top priority and considered even more seriously than economic benefits.