VietNamNet Bridge - The biggest risk for Vietnamese rice growers is not the weather or the market but policies, from exchange rate policy to tax policy to a range of other policies. VietNamNet would like to introduce the next part of the roundtable discussion on a quarter century of rice exports of Vietnam, with the participation of Prof. Dr. Vo Tong Xuan, Dr. Vu Trong Khai and Mr. Nguyen Minh Nhi. relate news Rice exports: Is Vietnam subsidizing foreign consumers? Who benefits the most from lower oil prices? Rice exports: If policies are changed slowly, the cost will be high VietNamNet: There is a question that has not had a satisfactory explanation in a long time: Why are Vietnamese farmers -- who created the miracle of turning Vietnam from a hungry country into a rice exporter, who ended the period of starvation and created a foundation for the rise of the country's economy -- still poor? Prof. Dr. Vo Tong Xuan: This is a paradox stemming from systemic weaknesses, with … [Read more...] about Rice exports: Why are Vietnam’s miracle-makers still poor?
Why form an s corporation
By Hong Van - The Saigon Times Daily HCMC – Truong Thanh Oji Afforestation Co. Ltd. (TTO), a joint venture between Vietnam’s Truong Thanh Furniture Corporation and Japanese-owned Oji Paper Co. Ltd., debuted on Wednesday in Phu Yen Province with an aim to develop some 18,000 hectares of material forest in the central province. Vo Truong Thanh, chairman of the joint venture, said the project will be executed in eight districts, focusing on mountainous areas and helping improve living standards of the poor. TTO has a charter capital of US$7 million of which the Vietnamese firm holds a 51% stake. “The joint venture will help Truong Thanh make use of financial capability and afforestation experience of Oji Company, bringing us near to the target of long-term material wood supply for processing and export,” Thanh said. The enterprise earned approval from Phu Yen Province’s government to grow nearly 18,000 hectares of forest in 2009 with initial investment … [Read more...] about Afforestation joint venture formed in Phu Yen
Enterprises with good strategies and effective business plans will continue to grow in 2012, Vu Tien Loc, chairman of Chamber of Commerce and Industry Vietnam (VCCI), told Tuoi Tre in an exclusive interview. “Both the recent Party Politburo resolutions on entrepreneurs and economic restructuring have emphasized the need to create a competitive and transparent business environment in 2012.” “This is an opportunity, because when all firms are treated equally, the ones with greater competitiveness will win,” he said. “We have experienced a period of economic boom with rapid growth when a majority of enterprises have developed rapidly in width to take advantage of the opportunities.” Although more than 20 years have passed since the Enterprise Law took effect in 1990, a recent VCCI’s survey has found that up to 70 percent of the registered businesses are still operational. “It [the survey] demonstrated strong vitality of Vietnamese … [Read more...] about Opportunities to accompany challenges in 2012: VCCI’s chief
Government Decree No 65 on management of gem-related activities has failed to encourage the gem mining sector to develop. The Vietnamese gem market is an unofficial market beyond the State control. In the 1990s, gem miners quickly swung into action after discovering precious stone quarries. At first, only rough stones were sold. After a period of time, gem mining activities were put under the control of State-run companies in order to prevent illegal mining and trading of rough stones and to bring more benefits to the country. Under Government Decree No 65 issued in 1995, the Vietnam Gem and Gold Corporation had the right to control most gem mining and trading activities. For instance, foreign organizations wanting to prospect for gems were required to set up joint ventures with the corporation while domestic private organizations wanting to mine at concentrated gem quarries had to take part in bidding activities and sign a product-sharing agreement with the corporation. However, the … [Read more...] about Gem mining needs an open policy
As an English teacher landing in Vietnam in the summer of 2013, I made myself a single promise: three years in Vietnam is the limit! No more. I’d read the stories, I’d seen the reports. It seemed like once people hit the five-year mark, they just never left. I wanted out well before that time. Title card: FOUR YEARS LATER Hmm, you know? Before you judge, let me tell you a bit about myself. I’m an American from a small town (Evansville, once called The Grove!) in Wisconsin… and here I am bumping up against my fourth anniversary of living in Ho Chi Minh City, with no plans of moving anytime soon (which are mostly unrelated to my new president). So, why am I still here, you ask? And, more importantly, why am I still teaching English? This is not my dream job! These are valid questions. I’ll tell you why. I found, through a ridiculous amount of trial and error and networking, exactly what I wanted from this lifestyle. But that’s getting ahead of myself! … [Read more...] about Why I may never leave Vietnam: Confessions of an English teacher
“See you next Sunday for your second lesson,” Thang, my driving instructor said after my first time behind the wheel of his old black Mazda.A few days later, my brother pointed out my second session with Thang would fall on Christmas Day.I stopped caring about Christmas a long time ago.Back in primary school in catholic Poland, I was always more excited by Jesus’ birthday than my own. I’m no Christian, though I did attend religious classes in first grade for fun and out of curiosity.Christmas to me is perhaps like what Lunar New Year Tet is to those born and raised in Vietnam. Tet was just some day around February when dad gave me money. During Christmas, especially the days leading up to the holiday, everyone was busy being... kind. I remember my class making ornaments, decorating a tree, sharing a meal and giving each other blessings by breaking oplatek, a Christmas wafer.Even writing to Santa Claus was fun. I knew the old man was a hoax since … [Read more...] about A Christmas card from Hanoi: Why I stopped caring about Jesus’ birthday
Nguyen Quang Vinh from the Viet Nam Chamber of Commerce and Industry spoke to Kinh te & Do Thi (Economic and Urban Affairs) newspaper about corporate social responsibility. What do you think about the CSR of the business community now? There is a remarkable change in awareness on CSR implementation compared to the past decade. However, some enterprises still haven't changed their awareness. While big and multinational enterprises know about CSR, many small and medium enterprises (SMEs) still ignore or do not fully utilise it They mainly lack professional tools in implementation. That is why, we will provide programmes to support them. During April, VCCI will adopt an action plan to implement a Government resolution on the tasks and measures needed to improve the business environment and increase national competitive ability. The plan will support State enterprises in administration reform and improving the business environment. VCCI will propose specific projects to support the … [Read more...] about Corporate responsibility a long-term goal
With Viet Nam having among the lowest transparency and corporate governance scores in Southeast Asia, the State Securities Commission is trying to get listed firms to improve their operations. However, some cultural dissonances have to be overcome, Nguyen Vu Quang Trung, Deputy Director General of the Ha Noi Stock Exchange, tells the Vietnam News Agency. How would you evaluate the quality of corporate governance in Viet Nam, among companies in general and listed companies in particular? Corporate governance is a new concept for Vietnamese companies. In an evaluation conducted by the International Finance Corporation (IFC) in 2010, 100 of the largest listed companies in terms of capitalisation scored just 40-45 out of 100 points. Sadly, these scores have worsened in recent years as profits drop and some firms even suffer losses, prompting them to cut spending on writing reports and publishing information on the market. Such reports, especially those written by the Board of … [Read more...] about Corporate governance still a novelty in Viet Nam
Rather Unique: LIVE hip-hop w/ Ali & St. What Sat 28 May 2016, 9 pm ATK 73a Mai Hac De, Hanoi Come to enjoy the gold standard in live hip-hop. DJ Ali spins fresh beats while lyrical champ St. What lays down smooth lyrics. He raps for listeners, blunt-heads, fly ladies, and prisoners. Come experience a funk vortex of freestyles, hip-hop bangers, and radiant instrumentals. Free entry! Solo Exhibition “Sick of Love” by Jakub Julian Ziolkowski Opening: Sat 28 May 2016, 6 pm Exhibition: 28 May – 04 Jun 2016 Cafe Nhà Sàn Come to a solo exhibition “Sick of Love” by Jakub Julian Ziolkowski. “A boy dreams of finding treasure, a lonely man looks at his feet stepping on other feet that belong to his own shadow, faint marks of teeth pile on the shoulder of some strange girl who has come into the world before, me, and my hand pressed against the mirror, from now on i know. Every mirror is mistaken, unless illuminating the … [Read more...] about WHAT’S ON MAY 1-31 (DAILY UPDATE)
VietNamNet Bridge - Reviewing the 30 years of innovation in order to see what we have accomplished, what we have not yet fulfilled and what we should adjust to fit the reality ... is a very big issue that we cannot just discuss in several talks. This talk, with the participation of Mr. Pham Viet Muon, former Deputy Director of the Government Office, deputy head of the Enterprise Innovation and Development Committee, therefore, only focuses on the corporate sector. VietNamNet: Restructuring state-owned enterprises with a focus on equitization is defined as a critical political mission. Looking back at the 30 years of renovation, what do you think about the implementation of this goal? Mr. Pham Viet Muon Pham Viet Muon: We have been implementing 30 years of innovation and we're summarizing 30 years of innovation. The corporate sector has benefited a lot from the economic renewal of the country since 1986. In fact, state-owned enterprises had formed much earlier, since the … [Read more...] about Why are investors not interested in purchasing shares of SOEs?