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Viet Nam jumps five spots in global IT index

Viet Nam has been ranked 81st in the ICT Development Index for 2011, a jump of five places from the previous year’s index, the Ministry of Information and Communications announced

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Viet Nam has been ranked 81st in the ICT Development Index for 2011, a jump of five places from the previous year’s index, the Ministry of Information and Communications announced in a conference on the sidelines of the Mobile Viet Nam 2012 trade expo.

“The wireless sector, especially 3G, has been the vital factor in the development of the Vietnamese telecommunications industry in the context of globalisation” said the head of the ministry’s Authority of Radio Frequency Management, Doan Cong Hoan.

Viet Nam was one of the leading nations in terms of annual IT growth out of the 155 listed on the index, Hoan noted. However, he said, the country’s wireless sector was still in its fledging stages, fostering the development of digital content but with inadequate infrastructure.

 

Deputy Minister of Information and Communications Le Nam Thang told the conference that the country’s IT sector earned about US$7 billion annually and considerably contributed to the overall development of the national economy.

The conference, which attracted speakers from across the industry, provided a platform for agencies and businesses to share views on the future of Viet Nam’s mobile sector.

Representatives of VNPT Group addressed the topics of social networks and of developing 4G high-speed broadband, while miltary-run mobile service provider Viettel shared its experiences in investing abroad.

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Telcordia Technologies showcased its solution for users to keep their phone numbers when changing providers, a project initiated by the ministry. The company, a subsidiary of Sony Ericsson, has already implemented its solution in 19 countries worldwide, enabling mobile phone subscribers to swap networks without changing their numbers.

Mobile subscriptions in Viet Nam have skyrocketed in recent years, from 19 million in 2006 to 98 million in 2009, and over 123 million by the end of September 2012. — VNS

via VN jumps five spots in global IT index – Economy – VietNam News.

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Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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Ecommerce

How will oil prices shape the Covid-19 recovery in emerging markets?

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How will oil prices shape the Covid-19 recovery in emerging markets?

– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability

A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.

Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.

The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.

Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.

In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.

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While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.

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