International Monetary Fund Managing Director Christine Lagarde will accomplish another first, as she takes over the helm of the European Central Bank. (AFP/Mohd RASFAN) The former lawyer was the first woman to serve as finance minister from any Group of Seven nation and then the first to lead the International Monetary Fund. The silver-haired Lagarde, 63, took the helm in 2011 in the aftermath of the global financial crisis, and is credited with steering the Washington-based IMF through turbulent economic waters, including handling of the Greek economic collapse. Her second five-year term as managing director of the global crisis lender ends in two years, which makes her the second leader of a global financial institution to leave early to move to another position, following Jim Yong Kim's decision early this year to step down as president of the World Bank. Factfile on the European Central Bank and how it functions. (AFP/Sophie RAMIS) But as she prepares for an eight-year … [Read more...] about IMF”s Lagarde nominated to lead European Central Bank
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Danang to promote investment in hi-tech sectors Employees work at an automobile assembly and manufacturing plant in Danang’s Hoa Khanh Industrial Park in this file photo. Danang’s enterprises are being urged to suggest ideas for attracting investment in hi-tech sectors at an upcoming conference, scheduled for March 1 – PHOTO: VGP The central coastal city of Danang has urged local firms to pose ideas at an upcoming conference, scheduled for March 1, for attracting foreign direct investment (FDI) in sectors leveraging hi-tech applications in the 4.0 era, the Government portal chinhphu.vn reported, citing the municipal People’s Committee. The municipal government on February 20 stated that the city will prioritize receiving FDI capital for the field of hi-tech agriculture to achieve sustainable growth, alongside other hi-tech-deploying sectors. It will also prepare feasible projects to attract investors from Japan, South Korea and the United States, according to … [Read more...] about BUSINESS NEWS IN BRIEF 23/2
At the Youth Entrepreneurship Forum 2018 last month, Minister of Information and Communication Nguyen Manh Hung suggested that the Prime Minister should soon recognize English as the second official language of Vietnam to help startups reach out to the world. The proposal stirred a heated discussion on social media and prompted numerous professionals to pitch in with their views and opinions. While some welcomed the idea and supported widespread use of the language in Vietnam, others were wary of the cultural, legal and other implications of formalizing it as an official language. Everyone agreed that it was good to improve English use and fluency in the country, so the debate boiled down to whether declaring and using it as an official language was a feasible, practical option for Vietnam. Professor Chung Hoang Chuong, who has juggled teaching at the University of California and doing research in Vietnam, was optimistic about Vietnam having two official languages. Chuong, currently a … [Read more...] about English as an official language in Vietnam: would it work?
Christophe at 14 in his hometown Alsace, east of France. Photo courtesy of Celine Audebeau In a two-storey villa near the West Lake in Hanoi, Celine Audebeau lives with her two Persian cats, keeps fit with yoga and swimming, and goes on dates via the Tinder dating app. Like most women, Celine loves shopping and trying out new cooking recipes. She was born 53 years go, but only began living a real life about 15 months ago. This is her strange but uplifting story. In 1964, a boy born in Asace, east of France, was named Christophe Audebeau. When he was 5-6 years old, he began noticing something strange. "I was attracted more to my sister’s clothes than what I had to wear." Christophe never dared to bare his confusion. At school, girls wore dresses and boys wore pants. Rest rooms were painted pink for females and blue for males. He knew these were the rules of society he had to follow. When he was 10, his family collected clothes to donate to immigrants. Every night, … [Read more...] about When an unhappy man becomes an ecstatic woman
Mai Linh launches cooperative to attract idle cars Mai Linh Group on November 15 will officially introduce and start the operation of Hoa Binh Xanh Taxi Cooperative in HCMC, which will call for the participation of owners of idle cars. According to the group’s press release, the cooperative is expected to offer more choices to the group’s customers. Early joiners of Hoa Binh Xanh Cooperative will be exempt from the management fee until December 31. They will also receive a uniform, free training courses and practicing certificates. After that, they will have to pay the management fee of only 13.9% of revenues for the duration of their contracts. Hoa Binh Xanh Cooperative will share Mai Linh’s taxi booking app and use call center 1055. The cooperative’s taxicabs will not be forced to have bright colors or be repainted in green, the traditional color of Mai Linh. However, they will have a lightbox highlighting the word “Taxi,” the Hoa Binh Xanh logo … [Read more...] about BUSINESS NEWS IN BRIEF 15/11