With a new decree, Vietnam Railways is now the official owner of state assets indirectly used for train operation The government recently issued Decree No.46/2018/ ND-CP governing the management and use of railway infrastructure assets. The major highlight of the decree is the allocation of part of the national railway infrastructure assets to the operator – Vietnam Railways (VNR) – to own, use, and develop with state capital to be recorded in the business. This is considered breaking the rules of the railway sector, as said assets were always completely state-owned, with VNR merely acting as manager and operator. Under Article 4 of Decree 46, national railway infrastructure assets are divided into two categories: assets directly used for train operation – railways, bridges, tunnels, rails, depots, and others – and assets indirectly used for train operation – station squares, warehouses, inland container depots (ICD), service and training facilities at … [Read more...] about Railway investments to pick up steam
Law of attraction how to use
Michael Piro, director of Strategic Services Can you share with us your general opinion about the potential and prospects of condotel development in Vietnam? There is tremendous opportunity for condotel products in Vietnam. Condotels typically find themselves on resort properties, a holiday destination option that has become increasingly popular in Vietnam. If you look the country, it has a more than 3,000km of coast line, so naturally you are going to find a lot of beachfront hotel and hospitality developments. This is what makes Vietnam an attractive destination for condotel products. I think Vietnam has a lot to offer to both developers and buyers of this product, but I do have concerns about the speed in which it is progressing in—it is happening too quickly. The key driver for success and sustainability in this market is transparency. Developers need to be very open with buyers to make sure they are clear on both the risks associated and the rewards of these types of … [Read more...] about Condotel—the future of the real estate industry
Viet Nam News by Bích Hường In a business-as-usual scenario, the world’s oceans could contain one tonne of plastic for every three tonnes of fish by 2025, and by 2050, more plastic than fish [by weight]. The numbers in a report launched at the World Economic Forum 2016 crossed my mind again when I saw images of trash abandoned at beaches and other tourist attractions that went viral on internet after recent public holidays on April 30 and May 1. More similar images are likely to come as Vietnamese enter the peak time of holiday season – summer. When students have a long break, people flock to beaches and tourist destinations. It’s a given that people are disappointed to spend their holidays in places that are filled or surrounded by ice cream sticks, wrappers, cans, water bottles and food waste. The trash not only damages the sight of the tourist areas, but also poses a high risk of environmental pollution to the locality if it is not treated … [Read more...] about Who wants a vacation to a trash filled beach?
RedSun ITI has taken its chain of Truly Viet restaurants to Australia under the franchise model.— Photo RedSun ITI RedSun ITI has taken its chain of Truly Viet restaurants to Australia under the franchise model. It has set up a joint venture with an Australian partner to open the first restaurant in Melbourne with a menu that features four popular traditional Vietnamese dishes, goi cuon (fresh spring roll), pho (noodle soup), banh mi (Vietnamese sandwiches), and bun cha (vermicelli with grilled pork and fresh herbs). The company’s deputy director, Le Vu Minh, said the dishes have been tweaked to suit local palates. RedSun ITI has already negotiated with partners in Laos to open a chain of King BBQ restaurants there. Founded in 2008, RedSun ITI now operates several restaurant brands -- King BBQ, King BBQ Buffet, ThaiExpress, Seoul Garden, Khao Lao, Hotpot Story, Sushi Kei, and Capricciosa -- with 140 restaurants nation-wide. It launched its first franchise concept, King … [Read more...] about Franchising takes Vietnamese brands to the world
Belonging to the series of activities in the Action Month to commemorate the World Intellectual Property Day, the meeting discussed hot issues that have attracted much attention of the business community regarding software copyrights, especially after the revised Penal Code was effective as of January 2018. The workshop aimed at providing businesses and managers with more detailed information on new regulations in the Vietnamese law related to the observation of intellectual property rights (IPR). It also shows how businesses can ensure their data security, intellectual property rights, while avoiding the risk of illegal activities so that they can develop healthily. Mr. Tran Van Minh, deputy chief inspector of the Ministry of Culture, Sports and Tourism reported the task of implementing IPR in the field of computer software when the revised Penal Code was effective. “Article No. 225 of the revised Penal Code shows the determination of the Vietnamese government in fighting … [Read more...] about Businesses requested to comply with software copyright laws