Microsoft to open new data center in Thailand
Microsoft Chairman and Chief Executive Officer Satya Nadella on Wednesday announced significant commitments to build new cloud and artificial intelligence (AI) infrastructure in Thailand, provide AI skilling opportunities for over 100,000 people, and support the nation’s growing developer community.
Microsoft Chairman and CEO Satya Nadella announces a new data centre region in Thailand during Microsoft Build: AI Day on May 01 in Bangkok. Photo courtesy of Microsoft.
The commitments build on Microsoft’s memorandum of understanding (MoU) with the Royal Thai Government to envision the nation’s digital-first, AI-powered future.
The news came a day after Satya Nadella announced investments worth $1.7 billion investments in AI and cloud facilities in neighbouring Indonesia.
Microsoft’s digital infrastructure commitment includes establishing a new datacentre region in Thailand. The datacentre region will expand the availability of Microsoft’s hyperscale cloud services, facilitating enterprise-grade reliability, performance, and compliance with data residency and privacy standards.
It follows growing demand for cloud computing services in Thailand from enterprises, local businesses, and public sector organisations. It will also allow Thailand to capitalise on the significant economic and productivity opportunities presented by the latest AI technology.
- Read More
Rising prices, corruption topped voters' concerns: parliament official
Rising prices of essential goods, the shortage of drugs and medical equipment, and corruption are among the issues of voters' concern, according to a report presented to the National Assembly by President of the Vietnam Fatherland Front (VFF) Central Committee Do Van Chien on Monday.
Politics - Mon, May 20, 2024 | 6:02 pm GMT+7
Vietnam to complete forced transfer of 3 ailing banks this year: report
Compulsory transfer plans of three weak banks will be submitted to competent authorities this month and the transfer completed by the year-end, says Deputy PM Le Minh Khai.
Banking - Mon, May 20, 2024 | 5:40 pm GMT+7
Vietnam lending growth crawls to 1.6% as of April 23
Credit growth in the Vietnamese banking system had reached 1.6% in the year to April 23, according to a government report.
Banking - Mon, May 20, 2024 | 5:32 pm GMT+7
Techcombank ‘Auto-earning’ feature a social media trend in Vietnam
Less than three months after Techcombank introduced the “Let-your-money-work” Auto-earning feature on its mobile e-banking app, it has gone viral and become a social media trend.
Banking - Mon, May 20, 2024 | 5:11 pm GMT+7
Tran Thanh Man elected Vietnam parliament chairman
Tran Thanh Man, a Politburo member and standing Vice Chairman of the National Assembly, has been elected the legislative body's Chairman.
Politics - Mon, May 20, 2024 | 4:24 pm GMT+7
New Northern Vietnam industrial cluster an investment ‘magnet’: authorities
Tien Cuong II Industrial Cluster will be a "magnet" for investments in various fields including light industry, mechanics, supporting industries, information technology and hi-tech businesses, Hai Phong city authorities say.
Industrial real estate - Mon, May 20, 2024 | 3:56 pm GMT+7
Vietnam to be substantial market for international jewelry players: exec
Pandora, the world’s largest jewelry brand, broke ground on a new $150 million crafting facility in Vietnam-Singapore Industrial Park 3 (VSIP 3) last Thursday in Binh Duong province. President and CEO of Pandora Alexander Lacik talked with The Investor and the press about the new factory after its groundbreaking ceremony.
Executive Talk - Mon, May 20, 2024 | 2:33 pm GMT+7
Moody’s retains B1 rating for consumer lending FE Credit, outlook negative
Moody's Ratings has retained its B1 long-term corporate family rating (CFR) for VPBank SMBC Finance Company Limited, a consumer lending firm in Vietnam also known as FE Credit.
Finance - Mon, May 20, 2024 | 1:16 pm GMT+7
Japan retailer Aeon starts building $39 mln mall, first in Vietnam’s Mekong Delta
Aeon Vietnam, under Japanese retailer Aeon, kicked off the construction of Aeon Tan An shopping center with an investment of over VND1 trillion ($39.3 million) in Long An province last Saturday.
Industries - Mon, May 20, 2024 | 10:58 am GMT+7
Tech giant FPT, Tien Phong Plastic on State Capital Investment Corp.'s divestment list
Tech giant FPT and Tien Phong Plastic JSC are among 31 enterprises that State Capital Investment Corp. (SCIC) is planning to divest from in the second half of 2024.
Finance - Mon, May 20, 2024 | 10:54 am GMT+7
Vietnam parliament convenes sitting with vote on new chair, State president
The Vietnamese parliament started its regular seventh plenum on Monday, kicking off a process to elect a new speaker and a State president after the two positions became vacant as the anti-bribery campaign gains momentum.
Politics - Mon, May 20, 2024 | 9:03 am GMT+7
Property firms unable to escape debt: expert
The real estate market in Vietnam is finding it difficult to bounce back because businesses are still struggling with piles of bond debts, said expert Nguyen Hoang.
Real Estate - Sun, May 19, 2024 | 11:17 pm GMT+7
Vietnam gov’t to divest 30.4% stake from industrial property giant Becamex IDC
The Vietnamese government has approved a plan to cut its holding in Becamex IDC, a leading industrial real estate developer, by 30.44%.
Companies - Sun, May 19, 2024 | 10:56 pm GMT+7
Property developer Kita Invest reports surges in 2023 liabilities, profit
Kita Invest JSC, the real estate arm of Kita Group, had liabilities of VND13.97 trillion ($549 million) as of end-2023, up 34% from the beginning of the year, according to the firm's financial statements.
Companies - Sun, May 19, 2024 | 3:13 pm GMT+7
Gold mining project in central Vietnam at legal standstill
A gold mining project with an annual designed capacity of 13,800 tons of ore in Vietnam’s central province of Nghe An is on hold due to legal issues.
Industries - Sun, May 19, 2024 | 1:03 pm GMT+7
Japan pneumatics firm SMC plans relocation from China to Vietnam
Japanese pneumatic instrument producer SMC Corp is planning to move mass-produced products to Vietnam and to have Chinese factories specialize in the Chinese market, said SCM president Yoshiki Takada.
Industries - Sun, May 19, 2024 | 10:33 am GMT+7
