Vietnam's top watchdog has announced the findings of its investigation into state-run MobiFone’s acquisition of pay TV firm AVG, which caused a loss of over $310 million to the state. According to the Government Inspectorate, the Ministry of Information and Communications had violated the Investment Law by approving MobiFone’s acquisition of AVG without the Prime Minister’s approval. The ministry approved the deal despite the fact details of the price of the 95 percent stake in the TV operator and the project’s investment efficiency had not been fully assessed, the inspectorate added. The ministry reported to the Prime Minister and relevant agencies that 30 percent of funding for MobiFone’s acquisition of AVG was expected to come from the telco’s own equity, and the rest from loans. However, funding for the project was not clearly identified when the ministry approved the acquisition. In fact, 100 percent of funding for the acquisition came from … [Read more...] about Multiple ministries responsible for ‘illegal’ state telco acquisition of pay TV firm: watchdog
Baby when do teeth come in
Tetra Pak initiates School Recycling to 800 primary schools and kindergartens in Hanoi
Tetra Pak, in collaboration with its partners, kicks off School Recycling program to involve 800 primary schools and kindergartens in 16 districts of Hanoi The Company also aims to expand this initiative to Da Nang and Binh Duong in 2020. School Recycling is the first-ever, large-scale program to segregate, collect and recycle used cartons in Hanoi under partnership with Hanoi’s Department of Natural Resources and Environment and Hanoi’s Department of Education and Training as well as Tetra Pak’s partners including Dong Tien Paper Factory, Lagom, NHC and Vinamilk. Participating the program, schoolchildren are instructed the simple steps of unfolding four corners of used cartons, flattening and placing them into dustbins for collection. The used carton packages are then collected periodically every two weeks by Lagom and transported to Dong Tien Paper factory to be materials for the production of such useful products as notebooks, bio-roof panels, etc. … [Read more...] about Tetra Pak initiates School Recycling to 800 primary schools and kindergartens in Hanoi
Five-fruit trees, plants shaped like rats popular for Tết
The flowers and ornamental plants for Tết represent Vietnamese hopes for health, happiness and prosperity. VNS Photo Văn Châu HCM CITY – Farmers in the Cửu Long (Mekong) Delta are growing new flower and plant varieties such as five-fruit trees and rat-shaped plants for the upcoming Tết (Lunar New Year) festival, which falls on January 25 (Year of the Rat). In Đồng Tháp Province’s Sa Đéc City, one of the delta’s largest flower growing areas, hundreds of new flower varieties, including various types of new foreign roses and daisies, have been planted for Tết. The new varieties of roses, lilies and zinnias are in high demand. More and more people this year are buying expensive ornamental flowers and fruit trees for the coming Tết holiday, according to farmer Nguyễn Văn Tý. The buying trend has led to … [Read more...] about Five-fruit trees, plants shaped like rats popular for Tết
Yangzhou school strives to keep Chinese traditional arts alive
Puppetries are on display at the puppetry art class at Yangzhou School of Culture and Arts in Jiangsu Province, China. — VNS Photo Khánh Linh Khánh Linh Yan Yu is 71 years old, but she doesn’t want to retire. A day in Yu’s life is tightly scheduled. She starts lessons on traditional rod puppetry at 6.30am sharp in the morning, training young people puppetry skills and techniques. Under her guidance, the students, mostly aged between 16 and 19, practice the art until they are able to master the skills. She only finishes classes at 8.30pm. Yu has been working as a teacher of rod puppetry – a form of traditional art in China – at the School of Culture and Arts in Jiangsu Province’s Yangzhou City for years. As one of few artists t have mastered the techniques in the province, Yu was afraid the art form, like many others in the world, would one day disappear if no efforts were made to save it. “Many traditional arts in … [Read more...] about Yangzhou school strives to keep Chinese traditional arts alive
Direct US flights: Vietnam’s 16-year-old dream remains unfulfilled
The Ministry of Industry and Trade in 2003 ordered Vietnam Airlines to begin direct services by 2005. Not only did it not comply but to this day the flag carrier remains concerned about the route’s profitability though it received a permit from the U.S. Department of Transportation for direct flights in September. Its CEO, Duong Tri Thanh, said it would be difficult to attract passengers with direct flights, referring to the fact they would be more expensive than a flight with a stopover en route. Direct flights would thus appeal mostly to business-class passengers, but their current number is not large enough to make the flights profitable, he said. Echoing Thanh, Nawal Taneja, an aviation expert at The Ohio State University, said business-class passengers should be the focus since they travel regularly and are willing to pay more for speed and efficient service. There should be daily flights, he added. Another concern is logistics. Thanh said as of now his carrier has no … [Read more...] about Direct US flights: Vietnam’s 16-year-old dream remains unfulfilled