The COVID-19 Pandemic in Vietnam
At the end of April 2020, the entire electronics factory sector in Vietnam has been hit with the COVID-19 pandemic. As a result, tens of thousands of workers have lost their jobs in all sectors.
Due to the COVID-19 pandemic, some factories are almost completely shut down, and the number of companies providing services is down to zero.
Hanoi’s electronics factory sector is now seriously impacted. The factories have closed down, there are no more operations or maintenance in these factories, and many factories have been completely closed.
As we reported two weeks ago, the factory sector has been hit with a long list of industrial and administrative losses from the COVID-19 pandemic in Vietnam. Many factories have ceased operations, while some factories are still operating but relying on subcontractors.
Hanoi’s electronics factory sector is now seriously impacted. The factories have closed down, there are no more operations or maintenance in these factories, and many factories have been completely closed. According to some recent statistics, the factories still have several thousand employees on site today.
It is not easy to figure out the actual numbers of the factories affected by the COVID-19 pandemic in Vietnam.
So, we decided to figure it out using a model, with the aim of providing useful information for policy makers, investors and employees.
Our model helps to analyze the COVID-19 related losses in the electronics factories in Vietnam. As a result, we are able to provide some insights into the economic situation of these factories and their losses.
In addition, we will also share our analysis of the losses in detail and explain our results clearly to help decision makers.
First, we need to define the parameters of the model and obtain the values.
Shutdown of Saigon Hi-Tech Park
The National Security Council (NSC) and the Pentagon are working behind closed doors, shutting down the Vietnam hi-tech district in the heart of the capital. The action is designed to protect the government from possible cyber espionage and hacking.
The government seems to be putting the squeeze on the Vietnam hi-tech district, at a time when the national budget is being sharply cut and the war in Iraq and Afghanistan is intensifying, and security threats are on the rise. The two-week closure of the district, which is based on the Saigon-Tran Quang Industrial Park, is likely to further deteriorate relations between the country and its biggest trading partner.
The action is a direct response to a recent hacking threat on the Vietnamese government website, reportedly from China. However, it is not the first time the government has closed the district. The last time it did so was in 2005. At the time, it closed the district to protect the government from foreign espionage.
This action is being done on the government’s own instructions. Its stated purpose is to protect Vietnam’s industrial park from hacking, according to a report by the International News Safety and Security Conference (INSSC), an English-language forum of former senior-most security officials. The conference is held once every two years and has around 100 participants.
The Saigon Industrial Park is a central hub for hi-tech manufacturing and electronic assembly, especially in mobile electronics. The Vietnam government has around 4,000 hi-tech companies.
China’s attack on the site caused panic at the park, but the government has said that it is only a serious attack and has made it clear that it only acts as a “secondary” security measure.
The hi-tech district’s move highlights the government’s dependence on trade with China for its economic success. It is likely to further hurt bilateral relations with Vietnam as Beijing is preparing to make an agreement on a trade deal with the Asian giant.
It’s not exactly clear, but we’ve heard that China has made no attempt to do anything to cause this. Beijing’s response to the Chinese hacking threat has been to keep their business dealings with Vietnam on hold.
After COVID-19, the closing of Nidec Sankyo and Jabil occurred.
Article Title: After COVID-19, the closing of Nidec Sankyo and Jabil occurred | Network Security. Full Article Text: After the COVID-19 outbreak, the closing of Nidec Sankyo and Jabil occurred. This has resulted in a decline in the number of employees that work at these companies. The number of companies having employees in Japan has decreased to 4. On the other hand, the number of companies having employees in Indonesia has increased to 13. In particular, the number of companies with employees in Cambodia has increased to 10. Although many companies have closed down, we believe that there is still a demand for certain software applications and products through the global market. Our goal is to continue cooperating with Japanese customers so as to maintain our existing business relationships while the global supply chain has changed.
Vaccination with COVID at the Vietnamese Embassy.
Article Title: Vaccination with COVID at the Vietnamese Embassy | Network Security.
The latest wave of COVID-19 in Vietnam, as of today, is sweeping across the peninsula, and even more so as the global outbreak spreads to Europe and Asia. With people all over the world falling ill with COVID-19, it has forced the Vietnamese government to quarantine those who are affected, quarantine offices, and impose travel bans.
According to local information, over 1,000 new cases were confirmed in Vietnam on March 19, and by the end of the month, the number of infected people had reached 3,300.
The Vietnam Department of Foreign Trade (VDFT) sent diplomatic passports to all affected countries, and the Vietnamese-Vietnamese Joint Commission has set up a hotline to offer assistance to Vietnam citizens. The Department of Foreign Trade (VDFT) has also set up a COVID-19 Support Center to help provide food, medicines, and personal protective equipment (PPE) to Vietnamese citizens affected by COVID-19.
According to the official VDFT statement, the Vietnamese embassy in Quangdong in Hanoi is the contact point to receive assistance from the government.
The Vietnam Embassy in China, along with the Vietnamese Consulates in Hong Kong and Shanghai, are the contact points to receive assistance. The Vietnamese Embassy in Japan, the Vietnamese Consulates in Taipei and Osaka, and the Vietnamese Embassy in Singapore are the contact points to receive assistance.
The Vietnam Embassy in the UAE opened a hotline to assist Vietnamese citizens stranded in that country. The Vietnamese Embassy in London also opened a hotline to assist Vietnamese citizens.
The Vietnamese Embassy in Macau opened a hotline (1-800-3-COUN-VINN) to help Vietnamese citizens in trouble, according to the department. There is also an Emergency Support Line (1-800-3-COUN-VINN) that provides relief to Vietnamese expatriates in Macau.
The Vietnamese Embassy in the US opened a hotline to assist the Vietnamese community there. In addition, the Vietnamese Embassy in the US opened a hotline to assist Vietnamese citizens in the US (1-800-937-9377).
In addition, there are still Chinese COVID-19 cases in Hanoi; however, the Vietnamese government has not officially confirmed them.
Tips of the Day in Network Security
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The days of being a “poor man’s firewall” are over.
The days when there are “two-factor authentication” tools that will work on a $100 laptop that will stop a potential attacker’s ability to walk into your home office and grab your files, or the passwords to your credit cards… are gone.
Two factors are needed.
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Spread the loveAt the end of April 2020, the entire electronics factory sector in Vietnam has been hit with the COVID-19 pandemic. As a result, tens of thousands of workers have lost their jobs in all sectors. Due to the COVID-19 pandemic, some factories are almost completely shut down, and the number of companies providing…