GDP growth must rely on internal strength: economists

Last update 16:00 | 23/10/2017
VietNamNet Bridge – How much do internal resources contribute to the country’s GDP? Economists have raised the question after the General Statistics Office (GSO) announced a record-high GDP growth rate of 7.46 percent in the third quarter of the year.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, GSO, GDP, inflation rate

GSO said the major driving force behind the high growth rate were the development of processing, manufacturing industry, export and domestic consumption (12.8 percent, while Samsung reported the growth rate of 45 percent); improvement in agriculture production and fisheries; and a sharp increase in exports (+19 percent), especially from foreign invested enterprises.

Le Cao Doan, a renowned economist, noted that domestic production did not make a big contribution to GDP.

Vietnam’s exports increased by 8.6 percent in 2016, higher than the 8.1 percent growth rate in 2015. And the exports continued rising with $200 billion worth of earnings in the first eight months of 2017, an increase of 13 percent compared with the same period last year.

Vietnam’s exports increased by 8.6 percent in 2016, higher than the 8.1 percent growth rate in 2015. And the exports continued rising with $200 billion worth of earnings in the first eight months of 2017, an increase of 13 percent compared with the same period last year.

The highest number of exports were not from Vietnamese enterprises, as foreign invested enterprises were the major exporters. Tiếp tục đọc “GDP growth must rely on internal strength: economists”

Vietnam is gold mine for int’l express delivery firms

Last update 08:00 | 23/10/2017
VietNamNet Bridge – As Vietnamese favor foreign-made products and are willing to pay more for products they like, international express delivery firms see Vietnam as a fertile land for their business.


vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, express delivery, UPS, WTO

The rapid increase in imports/exports has also helped the development of logistics companies. A GDC (General Department of Customs) report shows that import/export turnover in the first eight months of the year reached $270.91 billion, an increase of 20.9 percent over the same period last year. Tiếp tục đọc “Vietnam is gold mine for int’l express delivery firms”

Travel firms earn big money from outbound tours

Last update 16:00 | 22/10/2017

VietNamNet Bridge – A report from the Vietnam Tourism Association showed that 6.5 million Vietnamese traveled abroad in 2016 and spent $7-8 billion. Spending per capita was $1,230 on outbound tours, an increase of 15 percent over 2015.


vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, outbound tours, VNAT, FIEs

Singapore is one of the favorite destinations for Vietnamese. According to the Singapore Tourism Board, in 2015, the country received 15.2 million travelers, including 418,000 Vietnamese. Vietnam was among the 15 markets with the highest numbers of visitors to Singapore. Tiếp tục đọc “Travel firms earn big money from outbound tours”

Vietnam to levy tough penalties, jail sentences for insurance evasion

Employers will be heavily fined if caught deliberately avoiding covering social insurance for employees

By Tuoi Tre News

October 23, 2017, 16:48 GMT+7

Vietnam to levy tough penalties, jail sentences for insurance evasion
A woman receives her pension at a social insurance office in Ho Chi Minh City. Photo: Tuoi Tre

Businesses that purposely find ways to evade paying social insurance for their employees will not only receive administrative fines but also attract steep monetary penalties once a new law comes into effect next year.

In Vietnam, insurance is not calculated based on the full salary of an employee, rather a part of it only, known as the ‘fund used to calculate insurance payment.’ Tiếp tục đọc “Vietnam to levy tough penalties, jail sentences for insurance evasion”

The Chinese Have Cracked the Code for Communicating With Trump

FP

Stephen Wynn, who has financial interests in China, seems to be doing Beijing’s bidding.

Wynn Resorts Chairman and CEO Steve Wynn speaks at the Global Gaming Expo 2014 at The Venetian Las Vegas on September 30, 2014 in Las Vegas, Nevada. (Ethan Miller/Getty Images)

Wynn Resorts Chairman and CEO Steve Wynn speaks at the Global Gaming Expo 2014 at The Venetian Las Vegas on September 30, 2014 in Las Vegas, Nevada. (Ethan Miller/Getty Images)

New revelations about the Chinese government’s attempt to forcibly repatriate a Chinese fugitive show an assertive Beijing benefitting from a U.S. administration at odds with itself. But who is that American casino mogul who has apparently become the Chinese government’s backchannel to the White House? It turns out he’s a businessman beholden to Beijing and willing to press their case in the corridors of power in Washington — and he has just the ticket. Tiếp tục đọc “The Chinese Have Cracked the Code for Communicating With Trump”

The Internet turns 20 in Vietnam: P1 – Forerunners

Vietnam is among the world’s top 20 countries in terms of its number of Internet users

By Tuoi Tre News

October 23, 2017, 19:00 GMT+7

The Internet turns 20 in Vietnam: P1 – Forerunners
1. Dr. Mai Liem Truc, who is credited with helping Vietnam gain access to the Internet. Photo: Tuoi Tre

Not many can remember when the Internet was in its infancy in Vietnam just over two decades ago.

NetNam Co., based in Hanoi, is considered the pioneering Internet provider in Vietnam.

Founded in 1994, the firm was among the country’s first four Internet Service Providers (ISP) back in the 1990s, according to its website. Tiếp tục đọc “The Internet turns 20 in Vietnam: P1 – Forerunners”

Cao Bằng sets clean and tidy example

vietnamnews Update: October, 20/2017 – 10:00

Bricks are piled up at a workshop of the Cao Bằng Construction Materials Manufacture JSC. Company offcials say they abide by all environmental protection regulations. — VNS Photo Thu Trang
Thu TrangCAO BẰNG — A familiar worry and anxiety tugged at Hanoian Nguyễn Thu Hà as she made her very first trip to the famous Bản Giốc Waterfall in the northern mountainous province of Cao Bằng.

At 24, Hà was a seasoned traveler who loved to visit all parts of the country. She never failed to enjoy the beauty and diversity of the natural landscapes, not to mention the local delicious specialties. Tiếp tục đọc “Cao Bằng sets clean and tidy example”

Phú Quốc Island drowning in rubbish

vietnamnews Update: October, 20/2017 – 09:00

Garbage heap in Phú Quốc Island’s Dương Đông Town in the Mekong Delta province of Kiên Giang. — VNS Photo Thái Hà
Viet Nam News KIÊN GIANG — Phú Quốc Island in the southern province of Kiên Giang – among the most popular tourist destinations in Việt Nam – is being threatened by environmental pollution caused by rubbish dumps, Lao động (Labour) newspaper reported. Tiếp tục đọc “Phú Quốc Island drowning in rubbish”

Ministry suggests community-based environmental monitoring for papermaker

vietnamnews Update: October, 20/2017 – 12:40

Lee & Man Vietnam Ltd.’s waste water treatment system. The Ministry of Natural Resources and Environment has suggested Ministry suggests community-based environmental monitoring for the papermaker. — VNA/VNS Photo Duy Khương

HÀ NỘI – The Mekong Delta province of Hậu Giang has been urged to establish a community-based monitoring mechanism to evaluate papermaker Lee & Man Vietnam Ltd.’s environmental treatment.During a visit to the company’s paper mill on Thursday, Minister of Natural Resources and Environment, Trần Hồng Hà, asked the papermaker to complete a standard procedure for management and operation of its waste treatment, and to keep daily records of materials used for environmental treatment and to publicise them. Tiếp tục đọc “Ministry suggests community-based environmental monitoring for papermaker”

VN’s central bank to keep currency stable: Official

vietnamnews Update: October, 23/2017 – 17:24

Deputy Governor of State Bank of Việt Nam Nguyễn Thị Hồng. – Photo SBV

Viet Nam News HÀ NỘI — Record-high foreign reserves will enable Việt Nam’s central bank to keep the đồng, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.

With reserve levels at US$45 billion, “we are confident we will be able to maintain the đồng’s value,” in 2017, Nguyễn Thị Hồng, deputy governor of State Bank of Việt Nam (SBV), said on the sidelines of a meeting in Hội An last Saturday. “Such a high level of foreign reserves will allow us to step in to stabilise the money market when needed,” she added.
Tiếp tục đọc “VN’s central bank to keep currency stable: Official”

Ocean acidification is deadly threat to marine life, finds eight-year study

Guardian

Plastic pollution, overfishing, global warming and increased acidification from burning fossil fuels means oceans are increasingly hostile to marine life

Scientists haul in samples of seawater in Svalbard, Norway. Greenpeace is working with the German marine research institute to investigate ocean acidification
Scientists haul in samples of seawater in Svalbard, Norway. Greenpeace is working with the German marine research institute to investigate ocean acidification. Photograph: Nick Cobbing/Greenpeace

If the outlook for marine life was already looking bleak – torrents of plastic that can suffocate and starve fish, overfishing, diverse forms of human pollution that create dead zones, the effects of global warming which is bleaching coral reefs and threatening coldwater species – another threat is quietly adding to the toxic soup. Tiếp tục đọc “Ocean acidification is deadly threat to marine life, finds eight-year study”

Trump sought dissident’s expulsion after hand-delivered letter from China – report

Guardian

Wall Street Journal says the US president called for Guo Wengui’s deportation after casino owner Steve Wynn brought letter from Beijing government

Billionaire Guo Wengui, whom Chinese security agents have tried to restrain from publishing accusatory tweets against the Beijing government.
Billionaire Guo Wengui, whom Chinese security agents have tried to restrain from publishing accusatory tweets against the Beijing government. Photograph: Twitter

Donald Trump called for the deportation of a Chinese dissident living in the US, after receiving a request from Beijing hand-delivered by a casino owner with business interests in China, according to a US report.

The Wall Street Journal described a Chinese government attempt to put pressure on Guo Wengui, a real estate tycoon living in exile in New York, to halt his allegations of corruption in high places in China. Tiếp tục đọc “Trump sought dissident’s expulsion after hand-delivered letter from China – report”

Marawi in ruins after battle against pro-ISIL fighters

The centre of the picturesque lakeside town was heavily damaged in a campaign of shelling and aerial bombing.

| ISIS, Philippines, Asia Pacific

The Philippines has declared victory over supporters of the Islamic State of Iraq and the Levant (ISIL) group in the southern city of Marawi.

Five months of urban combat left 920 fighters dead and cost the lives of 165 government soldiers and at least 45 civilians.

The government had teamed up with its former enemies from the Moro Islamic Liberation Front in its attempts to snuff out the fighters.

Fighting ended when troops finally overcame pro-ISIL fighters, including foreigners, who were holed up in several buildings in the heart of the city.

Officials say martial law will continue to be implemented in the wider Mindanao area.

The end of the clashes gave way to scenes of a historic city in ruins with soldiers patrolling the gutted out and pockmarked remains of apartment blocks and houses.

Pictures taken after the battle reveal it devastating impact; buildings turned to rubble, cars dotted with bullet holes, and personal belongings and furniture heaped beside the shell of a row of houses.

More than 600,000 locals were displaced by the fighting.

Tiếp tục đọc “Marawi in ruins after battle against pro-ISIL fighters”

Pope deplores plight of Rohingya children

Channelnewsasia

 
‘Two hundred thousand Rohingya children are in refugee camps’: Pope Francis AFP/TAUSEEF MUSTAFA

VATICAN CITY: Pope Francis on Monday (Oct 23) mourned the plight of 200,000 Rohingya children stuck in refugee camps a month before he heads to Myanmar and Bangladesh, the countries at the heart of an intensifying humanitarian crisis. Tiếp tục đọc “Pope deplores plight of Rohingya children”

Indonesia urges explanation as general denied US entry

General Gatot Nurmantyo in Indonesia [Beawiharta/File Photo Reuters]
General Gatot Nurmantyo in Indonesia [Beawiharta/File Photo Reuters]

Indonesia on Monday said it had made “urgent” requests for an explanation why the United States barred its military chief from travelling to the US. The US embassy in Jakarta on Monday apologised to the Indonesian government after its army chief was denied entry to the US. Tiếp tục đọc “Indonesia urges explanation as general denied US entry”