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Asia News U.S., South Korea postpone military drills in bid to bolster N.Korea peace effort The Saigon Times Daily Sunday,  Nov 17, 2019,16:08 (GMT+7) U.S., South Korea postpone military drills in bid to bolster N.Korea peace effort The Saigon Times Daily U.S. Defense Secretary Mark Esper speaks at a joint press conference after the 51st Security Consultative Meeting (SCM) with South Korean Defence Minister Jeong Kyeong-doo at the Defense Ministry in Seoul on November 15, 2019 – PHOTO: REUTERS BANGKOK (REUTERS) - The United States and South Korea said on Sunday they will postpone upcoming military drills in an effort to bolster a stalled peace push with North Korea, even as Washington denied the move amounted to another concession to Pyongyang. The drills, known as the Combined Flying Training Event, would have simulated air combat scenarios and involved an undisclosed number of warplanes from both the United … [Read more...] about U.S., South Korea postpone military drills in bid to bolster N.Korea peace effort

State-owned enterprises (SOEs) have been advised to remain cautious when making outward investments because the possibility of success is low. Discussing measures to reform the state-owned sector, some economists said SOEs need to ‘practice’ by making investment in other countries, where they have to compete with foreign companies rather than enjoy preferences from the State as they do in Vietnam. Many SOEs have made outward investment However, the failure of many SOEs in implementing investment projects overseas has made them rethink. Nguyen Van Ngai, vice rector of Hoa Sen University, cannot see high success. Even in home market, where SOEs can enjoy preferences, they are still ‘short of breath’ when competing with foreign invested enterprises, let alone foreign markets. “Vietnam’s SOEs can only think of making investment in underdeveloped countries. However, even in the markets, they will meet difficulties, because they have to compete with … [Read more...] about Experts doubt SOEs’ can succeed with investment projects abroad

Having sold head offices and ships, many shipping firms still cannot pay off debts. VSG closed the year 2018 with another big loss of VND54.2 billion, raising the accumulative loss to VND523.77 billion. This was the ninth consecutive year VSG incurred a loss. Its short-term debts were VND528 billion higher than short-term assets. Therefore, the audited firm showed doubts about the operation capability of the shipping firm. VSG’s board of management affirmed that taking a loss is the common situation of shipping firms now, as the shipping fee has been decreasing. Its other business fields, including storehouse and office leasing, could not offset the big loss from shipping activities. VSG shares, listed on UpCom, now have the price of VND1,400 per share, and there are almost no transactions. VSG’s board of management affirmed that taking a loss is the common situation of shipping firms now, as the shipping fee has been decreasing. Its other business fields, including … [Read more...] about Losses continue to engulf Vietnam’s shipping industry

Organisations in Vietnam are facing longer downtimes caused by cybersecurity breaches.(Photo: Cisco) Hanoi (VNS/VNA) — Organisations in Vietnam are facing longer downtimes caused by cybersecurity breaches, compared to the regional and global averages, according to a recent Cisco study. The Cisco’s 2019 Asia Pacific CISO Benchmark Study was released this week. Almost a third of companies in Vietnam were offline for 24 hours or more after their most severe breach in the past one year, compared to just four percent globally and 23 percent in the Asia-Pacific region. The Vietnam number is a huge rise from last year, when only 15 percent of organisations in the country suffered downtime of 24 hours or more. The study is based on a survey of almost 2,000 security professionals from across the region. It highlights that security practitioners in Vietnam are being kept busy. According to the study, 36 percent of respondents reported receiving more than 10,000 threat alerts a … [Read more...] about Vietnamese companies facing longer downtimes from cyberbreaches

The dreams of a young Japanese woman play out in a school in the central province of Quang Nam every day. Primary school symbolises Japanese girl’s appreciation of Vietnam Hoi An City starts Japanese education at primary schools Japanese volunteer changes lives of Agent Orange kids Hirotaro Takahasi (left), Junko's father, poses for a photo at Junko School's museum in his visit in May 2019. — Photo vov.vn Junko Primary School in Dien Phuoc Commune, Dien Ban District is named after that Japanese woman, whose family paid to build it. Realising a dream Junko Takahasi was a third year student at the International Relations Department of the Meiji Gakuin University in Tokyo. In 1993, she visited Vietnam on an exchange programme. She came to poor areas in Quang Nam and witnessed the children's difficult conditions, which she noted in her diary. She wrote that after graduation, she wanted to work in Vietnam and spend some of her salary building a school for the needy … [Read more...] about Japanese father fulfills his daughter’s dream