Investment abroad for eventual settlement abroad: new trend for the richVietNamNet Bridge - Many Vietnamese invest overseas to seek opportunities to settle down in developed countries. A survey of Vietnam’s top 500 businesses (the 500 largest businesses) conducted by Vietnam Report showed that 45 percent of businesses want to invest overseas in the next five years, mostly in the US, Australia, Canada, India, Thailand and China. In recent years, the phrase ‘making investment for settlement’ or ‘businessmen’s settlement’ has become more popular in Vietnam. This allows Vietnamese investors to transfer capital to other countries for investments and set up business facilities there. In many cases, investors plans failed before they obtained ‘green cards’.
June 25, 2017 00:00 UTC
BEIJING - At least five people were found dead and over 120 remained missing hours after a massive landslide buried a mountain village in southwest China on Saturday as rescuers scoured through rocks for survivors. Wu Xiaobin, captain of the local fire department, told state broadcaster CCTV that five bodies were pulled from the rubble. More than 120 people were still missing hours after the landslide, CCTV and China’s official news agency Xinhua reported. More rain forecastLocal police captain Chen Tiebo said the heavy rains that hit the region in recent days had triggered the landslide. China’s national weather observatory said more heavy rain was expected in parts of Sichuan and other southwestern provinces.
June 24, 2017 12:22 UTC
GENEVA – The United Nations Human Rights Council (UNHRC) carried out final discussions of its 35th session in Geneva, Switzerland, on June 22-23, adopting 36 resolutions and a presidential statement, including a draft resolution on climate change and human rights co-created by Việt Nam. This year’s resolution on climate change, co-created by Việt Nam, the Philippines and Bangladesh, focuses on climate change’s impacts on migrants’ enjoyment of their rights and on cross-border migration. It calls on countries to issue climate change response policies which are in line with the UN Framework Convention on Climate Change. It also asks the Office of the High Commissioner for Human Rights to consider this theme and report to the UNHRC’s 37th session. It also worked with Australia, Germany, Madagascar and Fiji to successfully organise a fringe event on promoting and protecting coastal women’s rights amid climate change.
June 24, 2017 12:22 UTC
thanhdoan.hochiminhcity.gov.vn — Photo The HCM City People’s Council’s Cultural and Social Affairs Board has instructed the city’s Department of Education and Training to speed up school construction to meet the increase in the number of students. HCM CITY — The HCM City People’s Council’s Cultural and Social Affairs Board has instructed the city’s Department of Education and Training to speed up school construction to meet the increase in the number of students. For a number of years, an average of 25,000 students whose families do not have permanent residency status newly enroll in school. It also needs VNĐ500 billion to VNĐ1,000 billion each year from the city’s budget for school construction, but the city’s budget is too limited. The entire city needs more than VNĐ50,000 billion for 722 school projects with a total of 12,000 classrooms by 2020.
June 24, 2017 03:33 UTC
Not only has the real estate credit growth declined, the proportion of real estate loans in the total outstanding loans of the entire banking system has also fallen to just over 8 per cent, the SBV reported. Consumer loans currently account for some 12 per cent of total outstanding loans of the entire banking system, therefore, if one includes real estate consumer loans, the proportion of real estate lending would reach some 14 per cent instead of eight per cent as reported, the NFSC found. It means that real estate loans were hidden in consumer loans as commercial banks continued to circumvent rules on real estate lending. Currently, there is no legal regulation on classifying home repair loans and home purchase loans as consumer loans or real estate loans. Experts said considering home repair loans and home purchase loans as consumer lending but not real estate lending is unadvisable as it can lead to an incorrect real estate credit growth ratio.
The minister said growing the agricultural sector, and fruits and vegetables in particular, would largely depend on export value and changes in the market. Exports of fruits and vegetables hit $1.38 biliion in the first five months of this year, a year-on-year increase of 38 per cent. China, the US, Japan and South Korea markets accounted for nearly 84 per cent of total vegetable and fruit export value. According to the ministry of agriculture, restructuring of the sector is going well, with export structure focused on commodities such as coffee, rubber and fruit. Each segment should have standards to satisfy export markets’ requirements.
HÀ NỘI — Việt Nam will spare no effort to strengthen the ties of “good neighbourliness, traditional friendship, comprehensive co-operation and long-term sustainability,” with Cambodia, NA Chairwoman Nguyễn Thị Kim Ngân said yesterday. The nation considers this relationship an invaluable common asset that should be passed to future generations, she said in talks with her Cambodian counterpart Heng Samrin in Hà Nội. He said the Cambodian parliament backs supports facilitating Vietnamese businesses’ investment projects in Cambodia. She also suggested stronger co-ordination in searching and repatriating remains of Vietnamese volunteer soldiers and experts who sacrificed their lives in Cambodia. She expressed her wish that Cambodia will support Việt Nam in successfully organising the event.
HÀ NỘI — Việt Nam remained in the MSCI Frontier Markets Index after the US investment research firm completed its 2017 market classification review on Wednesday. Việt Nam’s securities market will not be included in the MSCI review list for a potential reclassification to Emerging Markets status. In its statement, MSCI announced it would include 222 China A Large Cap stocks in its Emerging Markets Index and ACWI Index in June 2018. MSCI also announced it would launch consultations on the potential inclusion of the MSCI Saudi Arabia Index and MSCI Argentina Index in its Emerging Markets Index. The brokerage firm said that Việt Nam had not met expectations on market openness to foreign investment.
HÀ NỘI — Foreign Ministry Spokesperson Lê Thị Thu Hằng answered reporters’ question regarding the US’s recent policy adjustment towards Cuba, saying the country should lift its embargo of Cuba. “Việt Nam objects to any unilateral embargoes that a country imposes on another country,” she said yesterday. Hằng added Việt Nam wants Cuba and the US to resolve disagreements through negotiation in the spirit of respecting each other’s independence and sovereignty and looking towards full normalisation of bilateral relations, for the interests of the two countries’ people, thereby contributing to the maintenance of peace, stability, co-operation and development in the world. “Việt Nam calls on the US to lift its embargo against Cuba which has been enforced for more than five decades,” the spokesperson noted.
HCM CITY – With both local and international operators strongly expanding into co-working in Việt Nam, the industry is expected to develop rapidly, experts have said. Since it was launched more than a year ago her co-working space has been always full, indicating the high demand, she said. Besides, co-working tenants do not have to shell out money for furnishing or even buying computers and other office equipment. CBRE said the cost of co-working space varies across cities, and is less in Hà Nội and HCM City than most other cities in the Asia Pacific. “With the development of start-ups and freelancers and people’s changing perception in choosing working space, the co-working segment will continue to expand in Việt Nam,” Giang said.
QUẢNG NGÃI — The 65-year-old war veteran Trần Đức Minh has never forgotten the moment he stumbled on a tree trunk while chasing poachers in Nhàn mountain, leaving his feet bleeding. Minh has volunteered to protect Nhàn Mountain in Tịnh Sơn Commune, Sơn Tịnh District, central Quảng Ngãi Province for nearly 40 years. In 1978, when the war ended, the veteran returned to his hometown and has been living in a Ngô village on the foot of Nhàn Mountain since. Living next to the mountain, every day, Minh hated hearing the sound of axes chopping down trees. Seeing the forest “bleeding” day by day, Minh wondered why “this forest was not damaged by bombs and bullets in the war but was destroyed during peace”.
HÀ NỘI — Sunway Hotel Hanoi launched a project aiming to support Vietnamese underprivileged youth on Thursday, giving kids an opportunity to earn regular income from quilling handicrafts products. The hotel, part of Malaysia’s Sunway Group, held a signing ceremony to launch its collaboration with the Quỳnh Hoa Charity Vocational Training Centre. It is Sunway’s first project to support Vietnamese underprivileged youngsters. It aims to offer the disadvantaged in the Quỳnh Hoa Centre a steady market for their quilling handicrafts from paper such as pictures, cards, jewelry boxes, etc. The Quỳnh Hoa Centre, part of the Organization for the Support and Education of Disadvantaged Children (OSEDC), was founded in 2007.
Textile and garment industry undergoes restructuringVietNamNet Bridge - Restructuring the textile and garment industry involves drawing up a new development strategy, using new technologies, and closing fiber and textile factories that use outdated technologies. The textile & garment industry has been improving satisfy the requirements of global value chains. However, the remaining workers’ output equals that of 18,000 workers in the past.The textile & garment industry has been improving satisfy the requirements of global value chains. MOIT is going to submit to the government a plan to restructure industry in general in 2016-2020, which includes the textile & garment industry. There are three ways to improve productivity in the textile & garment industry, according to Truong.
June 24, 2017 00:56 UTC
The best attractions in Nha TrangVietNamNet Bridge - The best attractions in Nha Trang are set against a stunning backdrop of white sandy beaches, verdant mountains, and untouched islands.Great for history buffs, Nha Trang is home to remnants of the Champa Kingdom, Buddhist temples, and gothic-style Catholic churches while natural hot springs, salt fields, and unique waterfalls offering a myriad of sightseeing and recreational activities.Here are the top attractions in Nha Trang. Opening Hours: Daily 07:30 – 11:30 & 13:30 – 17:30Address: Thai Nguyen Street, Nha TrangNha Trang CathedralNha Trang Cathedral is the largest church in the city. A must-visit for any first-time visitor, Nha Trang Cathedral remains one of the city’s most important remnants of French architecture. Situated about 20 kilometers north of Nha Trang, the waterfalls are a favorite spot for hiking, swimming, picnics, and fishing. Unlike most salt fields in Vietnam, the strenuous task of tending to Hon Khoi Salt Fields is carried out by middle-aged women.
June 24, 2017 00:56 UTC
HÀ NỘI — The corporate sector in Việt Nam is ahead of every other country in Asia in terms of gender diversity, with women accounting for 17.6 per cent of the country’s total company board members. Thanh suggested that having female board members helps broaden company perspectives, promotes creativity and facilitates sustainable development decisions. Nonetheless, Asia Pacific countries still lag behind other nations in gender diversity. In Asia, Việt Nam outperformed Malaysia at 13.7 per cent and Singapore at 10.2 per cent. It also warns that despite the current favourable environment for women in Việt Nam, gender inequality is still widely prevalent in the country and around the world.
June 24, 2017 00:00 UTC