Opinion is divided on whether the common man will benefit if the government licenses these gambling houses; analysts are skeptical even about tourism benefits Ethnic women smile on Dong Van Plateau in the northern mountainous province of Ha Giang. It is not clear how the idea of building a casino there would benefit the needy. The plan is part of an intended casino-building spree across Vietnam, where entry barriers for foreign investors are much higher than in neighboring countries. Photo by Luu Quang Pho After being dogged by financing and licensing issues, the five-star casino-resort The Grand - Ho Tram Strip finally opened last week in Vung Tau as part of a US$4.2-billion tourist development aimed at attracting foreign visitors. The massive integrated resort is the sixth casino to be licensed in Vietnam. Elsewhere, in tourism-haven Phu Quoc Island, local leaders have been looking for investors for a casino planned since 2007. Ha Giang and Quang Binh provinces have apparently … [Read more...] about Vietnam’s casino rush in the offing, but will it be a silver bullet?
Population growth in the philippines
Vehicle sales in Thailand and Indonesia ranked 13th and 15th in the world, respectively, in 2012. Along with Malaysia, these regions constitute the tigers of the ASEAN automotive market. Meanwhile, the Philippines and Vietnam represent cubs with the potential to grow up fast.Car ownership by income decile follows a similar pattern in the four emerging ASEAN markets of Indonesia, Philippines, Thailand and Vietnam. The markets are naturally at different stages but considering them in the context of household annual disposable incomes reveals at what income level car ownership takes off.Household possession of a car exceeds 10% from decile 7 in Thailand and the Philippines, but not until decile 8 in Indonesia, while not even 10% of Vietnamese households in decile 10 claim to possess a car. In monetary terms, however, a clear pattern emerges, whereby ownership generally exceeds 10% once annual household income reaches US$10,000.Light vehicle sales in the Philippines have struggled to … [Read more...] about Indonesia and Thailand driving growth within the asean automotive market
VietNamNet Bridge - For a rising great power, China is remarkably short on oil and gas. That’s why many observers have speculated that China's quest for sole sovereignty over the South China Sea is driven largely by belief that the sea bottom is rich in hydrocarbon resources. This is not the first time that a big country has been suspected of having plans to monopolize the resources of the South China Sea. Forty years ago, when analysts ran out of other reasons to explain the American embrace of a corrupt and crumbling South Vietnamese regime, some guessed that it must be because Washington knew oilfields lay just offshore. This time, there may be more substance to the theory. Now that tensions among rival claimants to all or part of the 1.5 million square-kilometer sea that is enclosed by the Philippines, Malaysia, Brunei, Vietnam and China have at least temporarily eased, it's useful to look at the evidence for what might be called the energy-centric explanation of Chinese … [Read more...] about China’s oil and gas obsession in the East Sea
Almost one in five children in the Philippines works as a labourer, according to a government survey released Tuesday that also found over three million of them work in hazardous conditions. The poll backed by the International Labour Organization (ILO), conducted last year, found that some 5.5 million Filipino children, or about 18.93% of all those aged between 5 to 17 years, were child labourers. A majority of the children (69%) were still in school as they worked, but were more likely to drop out than those who didn't work. The survey also said the situation had worsened in the last 10 years, when an equivalent survey in 2001 found four million children, or 16 percent of the total, were working. ILO country director Lawrence Johnson told a forum in Manila that unveiled the survey that "the root cause of child labour... is poverty. No parent wants to mortgage (his or her child's) future." Officials warned that more than three million minors were engaged in hazardous … [Read more...] about 1-in-5 Philippine youth a child labourer: survey
State President Truong Tan Sang's first visit to the Philippines, the Ministry of Transport's proposal to change work hours in Hanoi, the death of the last Java Rhino in Vietnam, and other hot international stories captured public attention in the past week State President makes first visit to the Philippines During his visit on October 26-28, President Truong Tan Sang and his Philippine counterpart Benigno S. Aquino III discussed measures to strengthen bilateral cooperation in all areas, especially economics, trade, investment, the maritime economy, education and tourism. The leaders maintained that both Vietnam and the Philippines have great potential for expanding cooperation and they should make a greater effort to raise two-way trade from the current US$2 billion to US$3 billion by 2016. They released a joint communiqué reaffirming their commitment to develop the bilateral relationship comprehensively. On the occasion, Vietnam and the Philippines signed of … [Read more...] about Vietnam and the world in the week