Third, in concrete terms, strengthening e-commerce or diversifying customer groups could be two viable solutions. Fourth, state-owned enterprises should not be the beneficiaries of any subsidies whatsoever. SMEs need the money much more urgently. Fifth, state price controls are counterproductive and distort competition. They should be avoided in order to prevent side-effects such as black markets and the waste of resources (minimum prices) or queues and low investment (maximum prices). Sixth, social measures such as unemployment benefits are definitely appropriate to support citizens in need. Lastly, in view of the warning example of the EU, a zero-interest rate policy should never be introduced to Vietnam. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
Fact finding role play
Prof. Fan said the findings were consistent with the theory that family businesses typically implement measures to align the interest and incentive of individual family members and to mitigate in-house conflicts, and that these governance measures often "spillover" to benefit other shareholders. However, the results also reveal that the family governance effects are weaker if family managers do not own shares, and even disappear if family owners do not serve as managers. … [Read more...] about CUHK Business School Research Finds Managerial Participation by Family Members in Chinese Family Businesses Linked to Fewer Problematic Transactions
"Cloud-based operations have become the rule rather than the exception, and cybercriminals have adapted to capitalize on misconfigured or mismanaged cloud environments," said Greg Young, vice president of cybersecurity for Trend Micro. "We believe migrating to the cloud can be the best way to fix security problems by redefining the corporate IT perimeter and endpoints. However, that can only happen if organizations follow the shared responsibility model for cloud security. Taking ownership of cloud data is paramount to its protection, and we're here to help businesses succeed in that process." … [Read more...] about Trend Micro Research Finds Misconfiguration as Number One Risk to Cloud Environments
Film actress and producer Ngo Thanh Van (second left) is organising casting for the film Thanh Sói (Pain Changes People). Photo thegioidienanh.vn Last year alone, more than 40 movies were released, among which Hai Phựơng (Furie) starring Ngo Thanh Van marked the first time a Vietnamese film grossed more than VND200 billion in revenue. … [Read more...] about VN film industry faces shortage of skilled actors
The world is currently teetering on the brink of the global health crisis. This pandemic was the trigger of the downturn, but certainly not the cause, which lies much deeper. After the longest economic boom of modern times after 2008, many seemed to have forgotten that economic crises have always been and still are quite normal. As in the past, there will be winners and losers. It will depend on how countries will deal with the crisis and what economic policy measures will be taken. Vietnam is presenting an interesting package of measures. Can it serve as a model? … [Read more...] about BUSINESS NEWS HEADLINES APRIL 9