Her majestys revenue and customs

Vietnam gas consumption to double in next 10 years: Fitch Solutions Gas demand is expected to rise from about 9.7 billion cubic meters (bcm) in 2020 to above 25.3bcm in 2030, while influx of LNG helps to counter the decline in domestic production. Vietnam’s gas consumption is predicted to accelerate strongly over the coming decade, more than doubling, over the duration of the upcoming Power Development Plan VIII (PDP VIII) [2021-2030]. “The potential of the Vietnamese gas market is strong,” stated the Fitch Solutions in a note, saying in comparison to markets similar in terms the size of the consumer market as measured by population, Vietnam appears undersupplied in gas both in terms of absolute consumption volume and per capita. The domestic gas network is also found deficient with Vietnam ranking 15th out of 17 Asia-Pacific gas markets as per the CIA Factbook in terms of total gas pipeline length, despite having historically been self-sufficient in gas. The … [Read more...] about VIETNAM BUSINESS NEWS APRIL 13

Ericsson ranks highest in the 5G network infrastructure market in the latest Frost Radar™, leveraging its current leadership in 4G network infrastructure market. According to Frost & Sullivan, the 5G network infrastructure market includes radio access networks (RAN), transport networks and core networks, which may include one or more edge networks. In its latest report, Frost & Sullivan independently plotted the top 20 companies from a field of more than 100 global industry participants. These companies either lead the market overall, lead a market segment, or were thought leaders in certain segments. The Frost Radar™ reveals the market position of companies in a particular industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. Denis Brunetti, Head of Ericsson Vietnam, Myanmar, Cambodia and Laos states “At Ericsson, we continue to invest in R&D to build best in class and innovative product solutions for our customers. Being … [Read more...] about Ericsson, market leader in global 5G network infrastructure

Fashion retailers like H&M have suffered from negative comments, photo Le Toan As a consequence of integrating the “nine-dash line” map into online shopping websites in the Chinese market, a great number of local young people have called for a boycott on the Swedish fashion brand, causing a week-long desert atmosphere to drift over most of its outlets in Vietnam. Xuan Huong, a 22-year-old student based in Hanoi, said that as soon as the case flared up, she became no longer interested in shopping with H&M. “I was very disappointed,” Huong stressed. “I used to be a fan of the brand because of the reasonable prices and eye-catching designs of most items. But from now, I may never purchase anything from H&M due to its disrespect to Vietnamese consumers who they have earned from for more than three years.” Dung Thang, a 25-year-old officer in the capital’s Ba Dinh district said, “Before this incident I had no intentions to buy any items from H&M because their … [Read more...] about H&M fighting to save fanbase after social media backlash

IBM has revealed Kyndryl will be the name of the new, independent company that will be created following the separation of its Managed Infrastructure Services business. The separation is expected to be complete by the end of 2021. IBM announced the separation back in October . The company said at the time that the creation of the new business would help IBM streamline its operating model, consolidate shared services, and concentrate on cloud and new markets, including artificial intelligence and its hybrid cloud business, which includes Red Hat. When the managed infrastructure company is spun off, IBM will transition from being a company with half its revenue in services to one with more than 50% of sales from recurring revenue. Kyndryl will be headquartered in New York City. Read more: IBM to spin off its managed infrastructure unit to focus on Red Hat, hybrid cloud; sees Q3 sales ahead of estimates "Kyndryl evokes the spirit of true partnership and growth," … [Read more...] about IBM names managed services spin-off Kyndryl

After years in the making, Nvidia on Monday unveiled "Grace," an Arm-based CPU for the data center. The processor was one of several announcements delivered on Day One of Nvidia's Graphics Technology Conference (GTC) 2021, where the chipmaker will lay out its plans to advance accelerated computing. Along with Grace, Nvidia announced a next-generation data processing unit, new enterprise GPUs, a new autonomous driving SOC, a new cybersecurity application framework, a new SDK to speed up quantum circuit simulations and more. GTC is all virtual this year, running Monday through Friday, giving Nvidia ample time to highlight its several product innovations. Nvidia has played a key role in advancing AI via GPUs, but its grander ambitions are no secret: In September, the company announced its intent to acquire chip IP vendor Arm for $40 billion. "Leading-edge AI and data science are pushing today's computer architecture beyond its limits –processing unthinkable amounts of data," Nvidia … [Read more...] about Everything announced at Nvidia’s GTC 2021: A data center CPU, SDK for quantum simulations and more