VietNamNet Bridge - Investment by Chinese enterprises in Vietnam under different modes, from FDI (foreign direct investment) to M&As (merger & acquisition), is on the rise amid the US-China trade war. Chinese goods may transit in Vietnam before heading for the US Nguyen Xuan Thanh from Fulbright Vietnam University said Vietnam needs to be cautious with “pretend Chinese investments”, or projects that are registered in Vietnam only to obtain legal Vietnamese status, which allow investors to avoid high taxes when exporting products to the US. Vietnam needs to be cautious with “pretend Chinese investments”, or projects that are registered in Vietnam only to obtain legal Vietnamese status, which allow investors to avoid high taxes when exporting products to the US. Other analysts also warned that if Vietnam cannot prevent the wave of Chinese goods that transit in Vietnam before going to the US it may bear punishments imposed by the US. … [Read more...] about How should Vietnam deal with ‘pretend Chinese investments’?
Processing tra fish for export (Source: VNA) Hanoi (VNA) - The US is the largest export market of Vietnam, with export turnover hitting 39 billion USD in the first ten months of 2018, representing a year-on-year increase of 12.8 percent. Experts said that the trade war between the US and China is creating many opportunities for Vietnam to promote exports to the market. According to the General Statistics Office (GSO), the export of main products to the US recorded strong rise in the period. Particularly, the export of tra fish to the US has sharply surged in the first three quarters of 2018, totalling 369.1 million USD, up 42.9 percent against the same period last year. Representatives from Vinh Hoan - one of the leading firms in catfish processing and exporting, said if the US imposes tax on tra fish and tilapia products from China, Vinh Hoan will have more opportunities to occupy the market share in this large market. Nguyen Xuan Thanh from Fulbright Vietnam … [Read more...] about Vietnam taps opportunities to thrust exports to US
Vietnam employs among some of Asia’s largest number of civil servants, accounting for up to 4.8% of the national total population. Associate. Prof. Dr. Pham Duy Nghia from Fulbright Vietnam University cited the Ministry of Internal Affairs’ statistics updated by late March this year that said the country had around 11 million people who receive salary or subsidies from the state budget. Of the total, around 1.3 million were at ward and commune levels. Associate. Prof. Dr. Pham Duy Nghia from Fulbright Vietnam University According to Nghia, Vietnam is among Asian country with the highest number of state workers. According to Nghia, redundancy payments were among factors pressuring the country’s budget. He suggested re-arranging administrative agencies at commune and district levels first then gradually moving to provincial level. It was also necessary to separate social organisation from being managed by the state, Nghia noted. Prof. Dr. Hoang Chi Bao, former … [Read more...] about Vietnam among highest in Asia for civil servant appointments
The Hanoitimes - Outgoing US Ambassador to Vietnam Ted Osius will take a new post as vice chairman of the Fulbright Vietnam University after finishing his term At a farewell meeting with the ambassador in Hanoi on October 30, State President Tran Dai Quang expressed hope that the ambassador on his new position will continue contributing to education cooperation between the two countries.The state president stressed that Vietnam prioritised education, aiming to develop highly-skilled workforce and catch up with developed regional countries. Outgoing US Ambassador to Vietnam Ted Osius (left) will take new post at Fulbright Vietnam University after finishing his term State President Quang highly valued Ambassador Ted Osius’s contributions in advancing the US-Vietnam ties. During his three-year term, the ambassador helped prepare high-ranking visits, the most for a US ambassador to Vietnam so far, including the history-making visit by Communist Party of Vietnam … [Read more...] about Outgoing US Ambassador to Vietnam works for Fulbright Vietnam University after his term ended
Deputy PM Vuong Dinh Hue (Source: VNA) Washington D.C (VNA) – Deputy Prime Minister Vuong Dinh Hue spoke of Vietnam’s socio-economic development and policies during discussions within the Vietnam Executive Leadership Programme (VELP) in Massachusetts, the US, on June 28-29. Hue and other Vietnamese officials also talked about economic achievements Vietnam has recorded over the years and challenges facing the national economy. Vietnam’s aims to improve growth quality and promote long-term sustainable development, along with the country’s response to climate change in the Mekong Delta were also discussed. Formed ten years ago, the VELP is the initiative of the Vietnamese Foreign Ministry and Havard University. It serves as a forum for leaders of the Government, ministries and localities to exchange views on policies. This year’s event brought together many scholars and experts from Harvard Kennedy School, Fulbright Vietnam and other leading US … [Read more...] about Deputy PM speaks of Vietnam’s policies in US