Disciplinary measures will be handed out to those enterprises that fail to complete the equitisation plan requested by the government (Photo: Le Toan) State-owned enterprises (SOEs) play a large part in Vietnam’s economy. To restructure the economy to be more competitive and increase efficiency, the Vietnamese government has been equitising certain enterprises, and further divesting state capital in equitised SOEs since 2004, involving over 10,000 such groups. Law firm ACSV Legal’s associates Phuong Huynh and Duc Tran Equitisation of SOEs and divestment of state capital are core policies of the Vietnamese government in order to create a level playing field for business entities, generate funds for infrastructure projects, and comply with Vietnam’s international commitments and free trade agreements. As such, the government is expected to make more efforts to speed up the process. These moves are interesting opportunities for international investors and can … [Read more...] about Powering up process of equitisation
240z need for speed
Announces ‘Internet for the Future’ Strategy and the Industry’s Most Ambitious Silicon ArchitectureNews Summary: Cisco shares further details behind its 'Internet for the Future' technology strategy based on development investments in Silicon+Optics+SoftwareCisco Silicon OneTM, a first-ever single, unified silicon architecture that can serve anywhere in the network and be used in any form factor. New Cisco 8000 Series, the first platform built with Silicon One and new IOS XR7 operating system.Cisco 8000 Series set to reduce cost of building and operating mass scale networks to run digital applications and services such as 5G, video and cloud.New flexible business model options that enable customers to consume new innovation in new ways that best fit their business needs. AT&T, Century Link, Comcast, Facebook, Microsoft and The Walt Disney Studios share insights on joint innovation and the needs of the next InternetSAN FRANCISCO, CALIF., … [Read more...] about Cisco Unveils Plan for Building Internet for the Next Decade of Digital Innovation
A Vietnam Airlines aircraft seen during a landing. Viet Nam is among a handful number of countries that have been able to maintain a perfect safety record for airlines for over two decades. — VNA Photo Sustainable development and a level playing field for all are two important objectives for Viet Nam’s aviation sector, said policymakers and industry experts at a conference in Ha Noi on Wednesday. The sector has maintained a 15.8 per cent per annual growth rate during the last 10 years, an impressive feat especially considering it has not suffered any incidents that resulted in lives being lost, said Deputy Minister of Transport Le Anh Tuan. Tuan said the industry has been a key driver for economic growth and has helped expand commercial and cultural exchanges between Viet Nam and the world. Dinh Viet Thang, head of Civil Aviation Administration of Vietnam (CAAV), said the sector’s fast-pace development has offered consumers more travel options, benefits and improved … [Read more...] about Aviation sector aims for sustainable development and healthy competition
Prime Minister Nguyen Xuan Phuc (centre) attends the inauguration ceremony for the trauma and orthosis institute under Military Hospital 175. (Photo: VNA) HCM City (VNA) – Military Hospital 175 should work to turn itself into a strong medical facility in the region, Prime Minister Nguyen Xuan Phuc said on December 11. He made the statement while visiting the hospital on the occasion of the 75th anniversary of the Vietnam People’s Army and the 30th All-People’s Defence Festival (December 22). PM Phuc asked the hospital to improve quality of medical examination, enhance capacity of its staff, apply advanced technology in treatment, as well as promote international cooperation so as to meet development requirements in the new period. Besides, the hospital needs to speed up the construction of the 1,000 – bed general hospital, nursing home and rehabilitation hospital, he said. The leader also took the occasion to hail the hospital’s efforts to … [Read more...] about PM urges Military Hospital 175 to become regional medical facility
I knew instantly that I would never see it. Three months after Christmas, I was still waiting for a postcard sent by my mum. As my eldest brother noted over the phone, there was a little bit of Christmas cash tucked inside for me. Considering that the Vietnamese postal system has always opened every single letter and parcel I’ve ever received, I knew the money would be taken. Although I hoped I’d at least receive the card, minus the cash, it never came. Among the banes of living in Vietnam, the postal service is a regular annoyance. Mind you, I was amazed seven years ago to get a parcel from my mum with all the great candy she sent still intact despite a horrid sticky-tape repair job on the box. Even my motorbike guy can plug a hole better than that. Maybe it’s because the postal service here is just too busy. I’m not surprised that the forests are disappearing...the amount of paperwork here can be surreal sometimes. Want a job in Vietnam? A work … [Read more...] about Written from Vietnam: It’s in the mail!