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Vietnam, Israel seek ICT cooperation

A conference on telecommunication and mobile devices was organised by the Israeli Embassy in Vietnam on May 28, bringing together six leading Israeli corporations and Vietnamese firms active in the industry.
A conference on telecommunication and mobile devices was organised bythe Israeli Embassy in Vietnam on May 28, bringing together six leadingIsraeli corporations and Vietnamese firms active in the industry.

Speaking at the conference, Israeli Ambassador Meirav Eilon Saharappreciated the event as a forum for entrepreneurs and investors todiscuss the opportunities and challenges they faced and identifysolutions to help the industry move towards sustainable development.

Vietnam is keen to boost bilateral cooperation ontelecommunication and information technology with a view to expandingmarkets and improving the quality and security of service, Le Thi NgocMo, Deputy Head of the Telecom Department under the Ministry ofInformation and Communications, said.

She stressedthat Vietnam would open its doors to Israeli firms to conduct marketresearch and seek partnership opportunities.

At theevent, the representatives of AIO System, Allot Communication, Fibrolan,Vidmind, One Smart Star and CommuniTake introduced their latestadvanced solutions in information and communications technology to theVietnamese participants.-VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

✨ Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

✤ Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

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A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

💜 Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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