Minister of Planning and Investment Nguyễn Chí Dũng. — Photo MPI Minister of Planning and Investment Nguyễn Chí Dũng talks to Thời báo kinh tế Việt Nam (Việt Nam Economic Times) about FDI’s pros and cons Việt Nam has attracted Foreign Direct Investment (FDI) for more than three decades. What is your assessment of its achievements? After 30 years of Đổi mới (renewal) reform, Việt Nam is believed to have become a nation luring FDI successfully in the region. The FDI sector is a major part of the national economy. It can be named in seven achievements. First it creates more financial support by opening a new channel for investment and development in Việt Nam. The FDI sector now contributes about 25 per cent to the total investment capital of the country and about 20 per cent of Gross Domestic Product (GDP). Secondly, the FDI sector helps boost the economic restructure, for … [Read more...] about FDI ebbs and flows over time
Thai Beverage is longing for Vietnamese authorities' solution to its official complaint over its lack of power at Saigon Beer, Alcohol and Beverage Corporation (Sabeco) in time of the Vietnamese largest brewer’s annual general shareholders’ meeting on April 6 that might see three members of the Thai firm join the board. Thai Beverage demands power at Sabeco proportional to its roughly 50 per cent ownership In a complaint letter sent to the Vietnamese government, Thaibev said that it has not been allowed to join the management board or make any decision at Sabeco, four months after purchasing half of the outstanding shares. Yesterday, in response to Thaibev, Vietnam’s Government Office said that Deputy Prime Minister Vuong Dinh Hue has ordered the Ministry of Industry and Trade (MoIT) to immediately investigate the matter. MoIT is currently the second largest shareholder at Sabeco with 36 per cent of the stakes. “MoIT needs to consider the suggestions … [Read more...] about Will Thaibev’s complaint about Sabeco be resolved in time of AGM?
VietNamNet Bridge - Ngo Quy Nham, a lecturer at the Hanoi University of Foreign Trade, says that plagiarism has reached a ‘terrible’ level, and in most cases, plagiarists are not punished. Students’ lack knowledge about plagiarism, and lecturers are not requiring ethical academic standards. In some cases, even deans and candidates for professorship titles were accused of copying 50 percent of content from others’ work. However, their errors were glossed over. Other cases fell into oblivion as inspectors concluded that violations were only ‘unprofessional quoting’, not ‘plagiarizing’. “It is odd that an experienced researcher who is going to be a PhD still doesn’t know how to cite others’ works properly,” said a university lecturer in Hanoi, noting the recent case at the Vietnam Academy of Social Sciences. “University students continue to plagiarize because they know they won’t be … [Read more...] about It’s time to impose heavy sanctions on plagiarists: educators
Parkson's misfortune goes in contrast to the success of AEON Mall and Lotte Rising size and numbers among shopping malls Increased consumption and consumer demand in recent years made Vietnam a more desirable destination for several international retailers. Notably, Japanese shopping mall developer AEON Mall see big opportunities in the local market and plan to expand its footprint. AEON Mall expected to kick off the construction of AEON Mall Hadong, which is its second mall in Hanoi, in mid-March. According to the plan, the mall covers an area of 150,000 square metres with an investment of more than VND2 trillion ($90.3 million). The mall, which has four floors and a basement, is expected to be put into operation at the end of 2019 to become one of the country’s largest shopping centres. Besides, AEON Mall has recently been green-lighted by the Ho Chi Minh City People’s Committee to expand its first location, AEON Mall Tan Phu Celadon. The larger shopping centre is … [Read more...] about Vietnam’s foreign retail giants see different tales
Ancient: Some of the antiques dating back to the Trần Dynasty in the 13th century, that are displayed in Phương’s house. Viet Nam News Since 1985, Võ Thanh Phương has traveled the world in search of old cultural artefacts. His collection includes 1,000 antiques representing Việt Nam’s history. Vĩnh Trọng & Mai Khuyên report. Võ Thanh Phương’s house in the central province of Quảng Ngãi’s Tư Nghĩa District is small and simple, just like any other houses in the area. But what’s inside will surprise any visitor. What stands out here is not furniture or anything particularly expensive, but hundreds of historical and cultural artefacts displayed in every corner of the house. Phương, 57, who works as a part-time music teacher in primary schools in the province, started collecting antiques in 1985. He has spent all of his income purchasing ancient … [Read more...] about Preserving VN’s history, one antique at a time