Businesses try to ease losses with private properties

Last update 16:00 | 17/03/2017
VietNamNet Bridge – Vo Truong Thanh, former president of Truong Thanh Furniture Group (TTF), and Tram Be, former deputy chair of Sacombank, have committed to compensate for losses incurred by their enterprises as a way to be responsible for their mismanagement.vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, Vietnam net news, Vietnam latest news, Vietnam breaking news, vn news, TTF, Tram Be, Thai Nguyen plant

The board of directors of TTF has submitted to shareholders a plan to fix the existing problems suggested by Vo Truong Thanh, former chair and CEO of TTF, and Vo Diep Van Tuan, Thanh’s son and former deputy CEO.Under the plan, Thanh and Tuan would compensate a part of the consequences caused by his poor management in cash or assets.

In exchange, Thanh and Tuan will be free of all responsibilities, including legal responsibility. TTF will work with Tan Lien Phat, the big shareholder which holds 30 percent of TTF shares, so that Tan Lien Phat waives its claim against Thanh and Tuan. Tiếp tục đọc “Businesses try to ease losses with private properties”

Vinaxuki’s demise reflects problems in economy

Last update 08:00 | 18/03/2017

VietNamNet Bridge – Ninety-six percent of Vietnam’s enterprises are small businesses, with the majority having 10 workers or less. Only 2 percent of enterprises are large in size, while another 2 percent are medium size. 

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, VAMA, car price, auto industry

Vu Thanh Tu Anh from Fulbright Economics Teaching Program (FETP), speaking at an international workshop on industry development in 2025-2035, emphasized the underdevelopment of supporting industries, saying this is a barrier that hinders the development of Vietnam’s industry.

The car maker Vinaxuki and other enterprises had to close because of the lack of supporting industries. Tiếp tục đọc “Vinaxuki’s demise reflects problems in economy”

Rex Tillerson in China to discuss North Korea

Al Jareeza

US secretary of state travels to Beijing after saying pre-emptive military action against North Korea may be necessary.

Rex Tillerson has arrived in Beijing for his first face-to-face talks with Chinese leaders expected to focus on North Korea’s nuclear programme.

The US secretary of state’s visit on Saturday followed his remarks the previous day in South Korea where he cautioned that pre-emptive military action against North Korea might be necessary.

He said US military action against North Korea is an “option on the table”, and warned the country to end its missile and nuclear programmes.

“The policy of strategic patience has ended,” Tillerson said during his joint press conference with his South Korean counterpart, Yun Byung-se, on Friday. Tiếp tục đọc “Rex Tillerson in China to discuss North Korea”

Vietnam rethinks contentious two-child policy

Al Jazeera

The Communist government of Vietnam is considering changing a law that restricts most families to two children.

Adjustments to the policy may happen this year in certain parts of the country, which has been in place on and off for decades and is being blamed for a looming population problem.

“We haven’t had to make any changes to the population policy yet and I don’t think we need a big change now but amendments only,” said Le Van Cuong, a government adviser.

“Ageing population is not putting pressure on today but it will come tomorrow.” Tiếp tục đọc “Vietnam rethinks contentious two-child policy”

Anti-China sentiment flares up in Vietnam

al jazeera 14 March 2016

Rallies denounce China on anniversary of deadly navy battle amid continuing row over South China Sea islands.

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China is Vietnam's biggest trade partner and the communist parties that run both countries have historically been close [Reuters]
China is Vietnam’s biggest trade partner and the communist parties that run both countries have historically been close [Reuters]

Demonstrators marched in Vietnam’s capital on Monday to mark the 28th anniversary of a bloody naval battle with China and to denounce China’s growing assertiveness in the hotly contested waters of the South China Sea.

About 150 people wearing headbands and carrying large banners circled the busy streets around Hanoi’s Hoan Kiem lake chanting “Down with invasive China”.

They laid wreaths for 64 Vietnamese sailors who died in a 1988 clash with Chinese forces in the Spratly islands. Tiếp tục đọc “Anti-China sentiment flares up in Vietnam”

Indonesian tribes rally for land rights

Fearing extinction, tribes in Indonesia call on the government to protect their land rights.

Many tribal Indonesians do not have a formal title to the land their families have lived on for generations. [ATAR Agency/AFP]

Thousands of tribal Indonesians gathered on Sumatra, urging President Joko Widodo to protect their land rights.

On Friday, more than 5,000 people from 2,000 tribal communities convened in Tanjung Gusta village outside North Sumatra’s provincial capital Medan.

The gathering is organised by the Indigenous Peoples Alliance of the Archipelago and held every five years.

“We’ll fight for our rights to the last drop of our blood,” said Abdon Nababan, the secretary-general of the alliance at the conference.

Indonesia’s environment and forestry minister reiterated on Friday the government’s commitment to tribal rights. Tiếp tục đọc “Indonesian tribes rally for land rights”

Uighur militants could turn to Southeast Asia as destination of choice

Urban Food Street – Chỉ cần nhìn là muốn ăn

Tại một thị trấn nhỏ ở Queensland có một con đường đặc biệt , sở dĩ đặc biệt là bởi vì đây là con đường “ăn được”.

Đúng thế, chính là “ăn được”!

Trên con đường này hai bên đường khắp nơi đều có trồng các loại rau củ quả hữu cơ không ô nhiễm, tươi ngon và đầy dinh dưỡng. Chỉ cần cắn một miếng thôi bạn sẽ cảm nhận được cảm giác ngọt ngào mà không có bất cứ loại trái cây đắt tiền nào sánh bằng.


Bạn có thể hái một quả quýt nếu khát.


Tiếp tục đọc “Urban Food Street – Chỉ cần nhìn là muốn ăn”

Vietnam’s architectural gems are disappearing

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HO CHI MINH CITY   Once an architectural gem emblematic of Vietnam’s era as a French colony, the Tax Trade Center with its iconic Art Deco facade is now mostly rubble.

Despite a petition drive spearheaded by a growing historic preservation movement, the building was demolished in recent months. In its place, developers plan a 43-story complex with a connection to the first subway line in the city.

The Tax Center, built in 1924, is one of many historic buildings in the last 20 years that have been razed or severely altered, according to a joint French-Vietnamese government research center.

Preservationists say developers and government officials are intent on making this city modern and care little for the vestiges of its colonial past. But destroying so many historic buildings, they warn, makes the city less livable and less attractive to tourists — which could undercut economic growth the government hopes to foster. Tiếp tục đọc “Vietnam’s architectural gems are disappearing”

Developer remains upbeat as Vietnam’s bauxite project logs $165mn loss

Read the original news

Báo Tuổi Trẻ English2 day(s) ago 4 readings

A bauxite megaproject in Vietnam’s Central Highlands has been making losses totaling VND3,696 billion (US$165 million) in the last three years, but the developer is unconcerned, believing that it will start generating profits in 2017.

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A bauxite megaproject in Vietnam’s Central Highlands has been making losses totaling VND3,696 billion (US$165 million) in the last three years, but the developer is unconcerned, believing that it will start generating profits in 2017.

Vietnam currently has two major bauxite mining projects, Nhan Co in Dak Nong Province and Tan Rai in Lam Dong Province, both developed by Vinacomin, the country’s state-run coal and minerals giant.

Bauxite, an aluminum ore, is the world’s main source of aluminum.

Nguyen Van Bien, Vinacomin’s deputy general director, confirmed to Tuoi Tre (Youth) newspaper that the Tan Rai bauxite plant has been operating at a loss. Tiếp tục đọc “Developer remains upbeat as Vietnam’s bauxite project logs $165mn loss”

Volatile hotel price ‘a failure of Vietnam tourism’

\TUOI TRE NEWS

Updated : 04/22/2015 11:58 GMT + 7

It is now a week away from the six-day public holiday during which Vietnam will celebrate its 40th anniversary of reunification, and tourists will not be surprised if they are charged higher than usual by hotels in touristy spots.

>> An audio version of the story is available here

Hotel room rates are never a constant, as most hotels throughout Vietnam are not hesitant to increase their prices two- or three-fold during peak vacation times.

Almost all hotels in Da Lat have reported fully booked for stays between April 28 and May 3, with prices skyrocketing up to three-fold compared to normal rates. Tiếp tục đọc “Volatile hotel price ‘a failure of Vietnam tourism’”

OP-ED: Attitude is the underlying problem of Vietnam’s tourist industry

TUOI TRE NEWS

Updated : 04/25/2015 06:57 GMT + 7

Editor’s note: A reader simply calling herself Thuy argues that among the endless list of problems and challenges facing Vietnamese tourism, the underlying problem is attitude. The opinions here are solely hers.

It’s very good that you are bringing attention to the problems that Vietnam continues to face even after decades of the government discussing tourism development.

I’ve worked in the tourist/service/hospitality sector in the U.S. and Vietnam for more than 20 years so it is very frustrating to see the country’s lack of effort and interest in facilitating foreign visitors and pursuing cost-effective marketing opportunities. Tiếp tục đọc “OP-ED: Attitude is the underlying problem of Vietnam’s tourist industry”

Costly visas, dual pricing, scammers are why tourists don’t return to Vietnam: expat

TUOI TRE NEWS

Updated : 04/08/2015 19:11 GMT + 7

Editor’s note: Tuoi Tre News is encouraging our readers to share their stories about their trips to Vietnam, or give comments on or offer insights into the current downfall of the country’s tourism.

>> An audio version of the story is available here

An expat preferring to be known as A.H., who runs a real estate business in the central city of Hoi An, is among the very first readers to answer our call. In the following story, H., who said he has resided in Vietnam for six years, gives comments on why tourists do not come back to the country.

This article exclusively reflects the author’s personal views and experience. Tiếp tục đọc “Costly visas, dual pricing, scammers are why tourists don’t return to Vietnam: expat”

Vietnam from a Briton’s perspective

Tuoi Tre News

Updated : 03/16/2017 16:00 GMT + 7

Editor’s note: Helen Major from the UK is sharing several of her personal observations of Vietnam since relocating to the Southeast Asian country with her Vietnamese husband.

I’m British. I’m married to a Vietnamese man. For the first few years of our marriage, we lived in Britain – where my poor husband had to deal with an intensely curious public whose only real knowledge of his country came from American war films. Recently, however, my husband, our two children, and I moved back to Vietnam. I’ve been to Vietnam before, of course, to visit my in-laws and see where my husband grew up, but actually living here has been quite an eye opener! My children have immediately become Vietnamese, apparently – but I (to my husband’s great amusement) am frequently confused. Here, for your delight, is my bewildered outsider’s perspective on this wonderful nation. Tiếp tục đọc “Vietnam from a Briton’s perspective”