More than 600,000 finished papers for the first wave of university entrance exam 2013, leaving an impression on an exam.
More than 600,000 finished papers for the first wave of university entrance exam 2013, leaving an impression on an exam.
A delegation of 30 Tanzanian businesses attended the recent Vietnam-Tanzania Business Forum in Hanoi to meet Vietnamese companies. Visitors are engaged in agriculture, agricultural products (rice, pepper, tea, cashew nuts, coffee, etc.), fishing, garment and textile, transportation, agricultural machinery and equipment, pharmaceuticals, energy, electricity, telecommunications, consultancy, finance, and general import and export. The forum was organised by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with Vietnamese agencies and Tanzania Investment Promotion Centre on the occasion of the visit to Vietnam by Tanzanian Minister of Industries, Trade and Investment and Minister of Agriculture, Livestock and Fisheries with the aim of seeking partners and opportunities of investment cooperation with Vietnamese businesses. Speaking at the forum, Dr Doan Duy Khuong, VCCI Vice President, said, in spite of being geographically distant, Vietnam and Tanzania have a long-lasting cooperation and are eager to develop this relationship in many areas, particularly in economy, trade, industry and investment. Vietnam always sees Tanzania as a large, potential market in East Africa, which is a gateway to penetrating its neighbouring countries. The trade agreement signed between the two countries in 2011 with the MFN status in bilateral trade has opened up new business opportunities for enterprises of the two countries. This is actually an important legal framework for exchanging and trading goods between two parties. Mr Julius Kaijage, Vice President of the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA), said, the Government of Tanzania always gives priority to…... [read more]
There is a new sense of urgency in Vietnam to equitize state-owned enterprises (SOEs) and use the money raised from public offerings to alleviate the government’s fiscal burden, HSBC said in a new report on the country's economic prospects for August. Equitization is the term Vietnam uses to describe the process of issuing shares to partially privatize state-owned businesses in which the government will still hold the majority stake. Vietnam’s policymakers, in recent statements, have framed the sale of SOEs as a means to both increase fiscal revenue and reduce government expenditure, the London-based lender said. Late last year, Prime Minister Nguyen Xuan Phuc signed off on a decision which pushes for further divestment of state capital in existing SOEs by eliminating or reducing the minimum level of ownership that the government holds in certain industries. The decision provided a clearer roadmap for equitization by saying that the state will equitize 137 SOEs and sell its entire stakes in 103 firms. The Ministry of Finance said in June that the country’s public debt, which includes central government debt, government-backed loans and local government debt, may reach the ceiling set by the legislative National Assembly of 65 percent of gross domestic product (GDP) from 2017-2018. Assuming that economic growth hits 6.7-7 percent this year, public debt will account for 64.8 percent of GDP, the ministry projected. Vietnam has set an economic growth target of 6.7 percent this year, but many experts call it too ambitious. Deputy Prime Minister Vuong Dinh…... [read more]
2017 is considered a 4G LTE boom in Vietnam as three big operators, VNPT, Mobifone and Viettel, got licensed by the Ministry of Information and Communications to establish public telecommunication networks and provide 4G telecommunication services. The 4G race has officially exploded this year, promising a strong rivalry among operators to bring consumers high-speed, best quality 4G LTE experiences to customers. This information was released at the 4G LTE International Symposium and Exhibition on “4G LTE service diversification towards enhancing efficiency of consumer satisfaction” jointly held by the Ministry of Information and Communications, the Vietnam Internet Association and International Data Group (IDG). Speaking at the event, Deputy Minister of Information and Communications Pham Hong Hai said that 2017 is a good time to vigorously deploy 4G networks in Vietnam, enabling the booming development of 4G services. Being aware that the 4G LTE development plays an important role in the digital era, the Ministry of Information and Communications planned to allow telecom firms in Vietnam to test next-generation mobile technology, 4G, as early as 2010. 4G deployment is an important turning point for Vietnam's telecom market, he said. With connectivity speed and increased data access, traditional internet services will be quickly changed to meet user needs anytime, anywhere. A number of other services or applications will be developed such as IoT services and SmartCity applications. According to reports from network operators, as many as 43,000 4G transmission stations have been installed nationwide, covering…... [read more]
VietNamNet Bridge - Legal obstacles are hindering the construction of smart cities in Vietnam. About 250 cities worldwide are developing smart cities, according to Smart City Tracker Q1/2017. Centralized management in smart cities allows municipal authorities to adjust policies to best serve citizens. Nguyen Thanh Hung, Deputy Minister of Information and Communication, said that Vietnam still doesn’t have comprehensive standards on smart cities. The world is just in the early stage of developing smart cities. ISO has just begun cooperating with IEC to issue standards directly related to smart urban areas in 2017. With a desire to have standards on smart cities, Hung, speaking at the second Vietnam Private Sector Forum in 2017, called for close coordination among all enterprises. The Ministry of Information and Communication is going to build up the standards related to information & communication technology in smart city development. “The Ministry of Information and Communication is going to build up the standards related to information & communication technology in smart city development. We hope that enterprises will join forces with the state management agency to build standards,” he said. Meanwhile, businesses have pointed out many obstacles in the state’s policies which are hindering the development of smart cities. Bui Quang Ngoc, CEO of FPT, the largest Vietnamese IT conglomerate, said the major problem lies in the inequality between state-owned and private enterprises. Ngoc complained that enterprises now have to pay too much for public utility telecommunications, and have to allocate huge capital for the internet line. …... [read more]
The Ministry of Information and Communications (MIC) directed MobiFone Corporation and VTC Multimedia Corporation to finish their equitisation in 2018, while Vietnam Posts and Telecommunications Group (VNPT) should be equitised in 2019. International and domestic investors are eyeing MobiFone's equitisation Restructuring plans It is planned that before August 31, 2017, MIC will assess and consider approving the restructuring plans of MobiFone, VTC, and Corporation of Vietnam Post Office (VNPost). Also, during this period, the telecom provider VNPT’s restructuring plan will be submitted to the prime minster. Previously, on August 8, MIC established a Steering Committee for Enterprise Innovation and Development, with the aim of supporting enterprises under MIC’s management during the period of 2016-2020. Meanwhile, MIC published the equitisation routes for MobiFone, VNPT, and VTC. MIC’s Department of Enterprise Management said MIC had revised and reported to the PM about the equitisation routes of enterprises under MIC management. Based on this report, the PM has approved an enterprise portfolio specifying deadlines for the equitisation plans of each enterprise in the period of 2017-2020. In particular, MobiFone and VTC will be equitised in 2018, VNPT in 2019, and VNPost will not have to be equitised. In the first meeting of the MIC Steering Committee for Enterprise Innovation and Development, Minister Truong Minh Tuan, head of the Committee, required enterprises to stick to their restructuring schedules. “Two noticeable things that enterprises carrying out restructuring…... [read more]
Dragon Capital and VinaCapital have completed the purchase of a 30 per cent stake, equaling six million shares, in FPT Retail, aiming to plunge deeper in the retail sector in general and the mobile retail sector in particular. The two investors bought 30 per cent of FPT Retail's stakes Managing director of VinaCapital Andy Ho told NDH that VinaCapital prioritises pouring capital into the Vietnamese retail sector. Besides, mobile phone sales are currently having a great development potential because of the increasing demand in Vietnam. Thus, VinaCapital decided to invest in FPT Retail, a leading Vietnamese retailer. Vu Huu Dien, investment director of Dragon Capital, stated, “Vietnam is considered one of the most attractive retail markets on the world with a population of nearly 100 million and retail revenue of more than $110 billion. With the professionalism of FPT Retail’s management team as well as the leadership’s experience in running the operations, FPT Retail will definitely go far in the retail sector.” This deal is a part of FPT Corporation’s plan to divest from FPT Retail, reducing its stakes from 85 to less than 50 per cent. Accordingly, FPT will first sell 30 per cent of its stakes to financial institutions. Then, the corporation will divest another 10 per cent to other investors via securities firms. FPT is expected to complete its divestment in 2017. FPT Retail will submit its IPO…... [read more]
The Ministry of Planning and Investment is drawing up a plan for restructuring the service sector from 2016-2020, making it compatible with the economic restructuring plan for the same period. Ministry prepares plan for restructuring service sector According to the ministry, the service industry posted relatively higher growths than other sectors between 2011 and 2016 and continued to be the economy’s driving force. Though the service economy accounted for the largest share of the country’s GDP, the proportion still lagged behind that of other countries in the region. Moreover, the service sector has seen development in a limited range of areas like retailing, financing and banking, real estate, and tourism. The plan aims to introduce a comprehensive set of measures to restructure the sector toward modern and sustainable development, contributing to the national economic restructuring. It will evaluate the status of the service industry and changes in its structure from 2011-2016, and outline advantages and disadvantages of each of its areas. Hereby, a set of goals and solutions will be proposed for the restructuring by 2020. The plan will focus on a number of service areas, including IT and telecommunications, education and training, finance-banking-insurance, logistics and transportation, tourism, science and technology, distribution, healthcare and construction. VNA... [read more]
A man looks at a smartphone in a shopping mall in Beijing on August 3, 2017. Greg Baker/AFP. The step, arguably procedural, means that the commission will assign Qualcomm's complaint to an administrative law judge for evidentiary hearings instead of dismissing it out of hand. Qualcomm last month escalated a legal battle with Apple, filing a patent infringement lawsuit and requesting a ban on the importation of some iPhones, claiming unlawful and unfair use of the chipmaker's technology. Qualcomm asked for an import ban on some iPhones with the US International Trade Commission, a quasi-judicial government agency which hears cases involving trade disputes. "Qualcomm is pleased with the ITC's decision to investigate Apple’s unfair trade practices and the unauthorized importation of products using Qualcomm’s patents," executive vice president and general counsel Don Rosenberg said in a release. The products at issue in the investigation are mobile devices such as the iPhone 7 and specific components including baseband processor modems, according to the commission. The complaint alleges that iPhones, which are made in China, should not be allowed to be brought into the United States if they infringe on Qualcomm's patents. Apple referred AFP to comment it made in June, saying that Qualcomm's "illegal business practices" are harming the iPhone maker and the entire industry. Holders of standards-essential patents such as those at issue in Qualcomm's complaint have a responsibility to offer them at fair, reasonable, and non discriminatory terms, Apple chief executive Tim Cook pointed out during a recent…... [read more]
SAN FRANCISCO: The US International Trade Commission on Tuesday (Aug 8) said it will look into Qualcomm's complaint that Apple is violating its patents in some iPhones. Qualcomm chief Steve Mollenkopf, pictured in July 2017, said the chipmaker's legal war with Apple is about defending his company's business model. (AFP/Rob Lever) The step, arguably procedural, means that the commission will assign Qualcomm's complaint to an administrative law judge for evidentiary hearings instead of dismissing it out of hand. Qualcomm last month escalated a legal battle with Apple, filing a patent infringement lawsuit and requesting a ban on the importation of some iPhones, claiming unlawful and unfair use of the chipmaker's technology. Qualcomm asked for an import ban on some iPhones with the US International Trade Commission, a quasi-judicial government agency which hears cases involving trade disputes. "Qualcomm is pleased with the ITC's decision to investigate Apple?s unfair trade practices and the unauthorized importation of products using Qualcomm?s patents," executive vice president and general counsel Don Rosenberg said in a release. The products at issue in the investigation are mobile devices such as the iPhone 7 and specific components including baseband processor modems, according to the commission. The complaint alleges that iPhones, which are made in China, should not be allowed to be brought into the United States if they infringe on Qualcomm's patents. Apple referred AFP to comment it made…... [read more]
On the morning of August 8, over 300 job offers from nine companies have been posted for fresh graduates right after the second certificate handover ceremony in 2017 of Danang College of Economics-Planning. The graduation ceremony of Danang College of Economics-Planning 463 students were directly presented with certificates from the management board at the ceremony. 60.5 per cent of these graduates were conferred good certificates, while another 10 per cent received very good certificates, and excellent certificates were granted to 1.7 per cent of the graduates. Delivering a speech at the ceremony, Nguyen Cao Luan, vice principal of Danang College of Economics-Planning, stated that three years of studying at the college might have been quite short, but posed a variety of difficulties as well as challenges to students. However, what students have learned in college life can be considered the foundation to join a diverse working community, paving the way for their future careers. “We hope the graduates will continue their study until the last day of their lives. More importantly, they will apply the learnt lessons in real life, which I believe can help to widen their horizons,” Luan said. According to a report of Danang College of Economics-Planning, a good number of the nearly 600 graduates have found employment. Meanwhile, Danang College of Economics-Planning, in collaboration with Nha Trang University, have organised full-time 1.5-year inter-college programmes in all majors. …... [read more]