Party General Secretary and President Nguyen Phu Trong (Photo: VNA) Hanoi (VNA) – Party General Secretary and President Nguyen Phu Trong extended Tet (Lunar New Year) greetings to leaders of the Party, State, Vietnam Fatherland Committee as well as the whole Vietnamese people in and outside the country at a get-together in Hanoi on February 1. The event brought together former Party General Secretaries Le Kha Phieu and Nong Duc Manh, former President Tran Duc Luong, Prime Minister Nguyen Xuan Phuc, Chairwoman of the National Assembly Nguyen Thi Kim Ngan, former NA Chairman Nguyen Sinh Hung, and President of the Vietnam Fatherland Central Committee Tran Thanh Man, among others. Party General Secretary and President Trong said that with the efforts of the whole Party, people, and armed forces, Vietnam fulfilled and surpassed all 12 basic criteria in 2018 with economic growth of over 7 percent and people’s living conditions improved. Defence, security, independence, … [Read more...] about Party, State leader extends greetings on Year of Pig
Completed 1 year of togetherness
This was the culmination of an exit process that began with a pre-listing private placement shortly before the 2014 public listing of MWG on the Ho Chi Minh City Stock Exchange, and involved gradually selling blocks of shares to institutional investors approximately once per quarter after the listing. The final five million shares were sold at a price of VND165,000 per share and was completed on January 29, 2018.MEF II originally invested $3.5 million in MWG for a 35 per cent stake in 2007. The cumulative net proceeds from the sale of MEF II’s MWG shares and dividends received was $199.4 million. Over the 10 years and a half of holding period of this investment, it generated a return multiple of 57x in USD and an IRR of 61.1 per cent, making it one of the most successful private equity investments in the history of Asian Private Equity.When MEF originally invested into MWG in 2007, the distributor had seven stores and a $10 million company valuation. At that time, it set the goal … [Read more...] about Mekong Enterprise Fund II completes final divestment of MWG
This was the main theme of a recently held round-table discussion with the attendance of former Deputy Prime Minister Vu Khoan, Dr Tran Dinh Thien, director of the Vietnam Institute of Economics and Professor Vu Trong Phuc, former director of the Institute of Party History under the Ho Chi Minh National Academy of Politics. Reform is a continuous process Question: After 30 years of Doi Moi, what does Vietnam need to do to move the country forwards on the path of rapid and sustainable development? VU KHOAN: Some people say that it is time for a second round of reform. But I think reform is a continuous process - what was appropriate yesterday may not be relevant today. This is even truer with domestic and global contexts changing rapidly. The Doi Moi reform launched during the 1980s began with a breach of regulations in agriculture seen in the secret allocation of land to farmers. That act was later approved by the Central Committee, which helped change the life of farmers and … [Read more...] about Nhandan Newspaper – What’s next for Vietnam after 30 years of Doi Moi?
VietNamNet Bridge - Designed with concrete solid, and armored wall, resistant from 500 to 2,000kg bombs, the bunker system is an important part of the Reunification Palace where President Nguyen Van Thieu of the former Saigon regime worked. The bunker system was designed by Lieutenant Colonel, Engineer Phan Van Dien. The tunnel is 72.5m long, 0.8m- 22,5m wide and 0.6 - 2.5m deep. The rooms in the tunnels are linked together by a small concrete entrance, 5mm wall armored and equipped with a ventilation system. The tunnel is divided into two areas. The region 1 is 0.66m deep, with 0.6m thick walls against 500kg bombs. The region 2 is the bunker, 2.5 m deep, with 1.6 m thick concrete walls against 2,000 kg bombs. In case of emergency, the president will go down by connecting stairs from his office at floor 2. On August 4 1975, when the Reunification Palace was bombed, Nguyen Van Thieu's family took shelter in the basement section. Reunification Hall, also known as Reunification Palace or … [Read more...] about System of presidential bunkers under Independence Palace
In 1983, pharmacist Nguyen Van Be, a lecturer at Ho Chi Minh City Medicine and Pharmacy University and Vice Director of Phytopharco Company, decided to work in Dong Thap Muoi in southern Vietnam. Here, he and his colleagues have spent 16 years digging over 100km of canals and arroyos and building up dams to preserve water on an area of 1,041ha in Binh Phong Thanh Commune, Moc Hoa District, Long An Province and established Dong Thap Muoi Medicinal Herbs Research, Preservation and Development Centre in 1999. It is now an eco-tourist convalescence and disease treatment area. The area consists of 1,000ha of cajuput forests with about 19 varieties, including 800ha of Malaleuca cajeputi - the largest one in Vietnam. Malaleuca cajeputi is a precious medicinal material that is exploited by the Centre to produce drugs for anti-inflammatory purposes, speed heeling, cold and flu prevention and is a respiratory anti-inflammatory. Particularly, the famous Eucalyptus essential oil for the … [Read more...] about The attraction of a land