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Intelligence for Better Decision Making
Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.
The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.
Erudite Risk also includes operations categories so you can monitor the environment for better decision making. Everything is tied together--what happens in risk affects operations and what happens in the market impacts risk profiles.
We categorize key intelligence into one of 30 different operations intelligence categories.
Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.
Doanh nghiệp vận tải lo bị phạt qua thiết bị giám sát hành trình
Transport businesses worry about being fined through journey monitoring devices
VN Express | Local Language | News | Feb. 14, 2025 | Regulation
Transport businesses in Vietnam are concerned about new regulations allowing traffic police to impose fines based on data from journey monitoring devices starting January 1, 2025. The Law on Road Traffic Safety and Order permits law enforcement to utilize these devices, along with other technologies that record driver images, to detect violations. Transport directors, like Mr. Hoang Minh, fear that issues such as inadequate infrastructure and traffic congestion could result in unjust penalties for drivers.
Industry leaders argue that current driving time regulations fail to account for practical challenges, including traffic jams that delay reaching rest stops. Many journey monitoring devices are outdated and often experience data transmission problems, leading to discrepancies in mileage reports. For instance, logistics director Mr. Hung noted that his company's device reported a different distance than what was communicated to authorities, complicating compliance and risking inaccurate fines.
In light of these challenges, the Vietnam Automobile Transport Association has called on the government to reconsider penalties based on journey monitoring device data. They propose that penalties be directed at businesses for device management failures, rather than penalizing driver actions. The association also recommends extending permissible weekly driving hours for commercial transport to align with standards in the US, EU, and Japan, and advocates for standardized measurements for journey monitoring devices prior to their enforcement use.
Samsung sẽ đầu tư AI, bán dẫn tại Việt Nam
Samsung will invest in AI and semiconductors in Vietnam
VN Express | Local Language | News | Feb. 14, 2025 | UndeterminedTech Development/Adoption
Samsung, the largest foreign direct investor in Vietnam, has invested $23.2 billion, with reported revenue of $62.5 billion and exports of $54.4 billion in 2024. The company has established a network of over 300 domestic suppliers over its decade-long presence in the country. During a meeting on February 12, Samsung Vietnam's leadership announced plans to invest further in artificial intelligence, semiconductors, and digital transformation.
Prime Minister Pham Minh Chinh affirmed the government's support for Samsung’s investments, emphasizing the company's vital role as a strategic investor to enhance supporting industries and drive innovation. He outlined Vietnam's target of at least 8% growth by 2025, aiming for double-digit increases thereafter, and stressed the need to improve the investment climate to achieve these goals.
Chinh also advocated for collaboration between Samsung and Vietnamese ministries to set up training centers at the National Innovation Center and expand research and development initiatives. He encouraged Samsung to involve Vietnamese leadership in its operations and partner with local firms to strengthen their capabilities, ensuring their inclusion in Samsung's global supply chain. Increased cooperation to integrate Vietnamese digital technology companies into Samsung's ecosystem was also emphasized.
Vietnam: New regulation on Consumer Rights Protection and the Creation of Responsibilities of Big Digital Platforms
One Asia Lawyers | English | AcademicThink | Feb. 14, 2025 | Regulation
Vietnam is set to enforce new regulations on consumer protection and digital platform responsibilities starting July 1, 2024. The Law on Protection of Consumers Rights and Decree No. 55/2024/N-CP aim to boost transparency, accountability, and compliance in the expanding e-commerce sector. Businesses must adapt to maintain trust, ensure legal compliance, and stay competitive in this evolving market.
Decree No. 55/2024/ND-CP specifies requirements for standard form contracts and transaction conditions, increasing the criteria from two to five. Management has transitioned from the Ministry and Department of Industry and Trade to consumer protection authorities. Businesses are also required to register before consumers make advance payments and disclose contract details, a step absent in earlier regulations.
The decree assigns specific obligations to large digital platforms, mandating them to disclose criteria for product visibility and paid content. They must maintain online reporting systems, provide timely information for inspections, and oversee local and foreign sellers. Notably, consumer protection law violators will be publicly identified, enhancing transparency in the digital marketplace.
These regulations are essential for organizations to navigate e-commerce complexities while safeguarding consumer rights. By complying with Decree No. 55/2024/N-CP, businesses can improve their reputation and competitive position within Vietnam's digital economy.
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