Hanoi police unable to stop trade in fake plates While police admit that Tran Nhat Duat Street in Hoan Kiem District has dozens of shops making illegal car and motorbike registration plates, they also claim there is little they can do about it. Local authorities also say they have not found effective ways of controlling production and trade in fake plates. The 800-metre street, running along the Hong (Red) River dyke from Long Bien Bridge to Tran Quang Khai Street, has shops capable of producing any type of number plate. Chu An Thanh, deputy director of the Hoan Kiem District Police, said his men could not resolve the problem because the shops' activities were sophisticated. "Whenever they see the police, they immediately hide the objects they are working on," said Thanh. "Catching the makers is very difficult and needs professional skills and careful investigations into the existence of criminal rings," he said. Thanh added that the punishment given to those caught was only a fine and … [Read more...] about Hanoi police unable to stop trade in fake plates
How to day trade stocks
Nowadays, sustainable development is not confined to the scope of country or a big corporation. This concern has spread all over the world and this is also the concern of Vietnamese companies in general and Vietnamese businesspeople in particular. Especially, in the context of global competition, sustainable development is seen as an investment for the future of a company. Mr Tran Phu Son, Deputy General Manager of Ernst & Young Vietnam, said sustainable development and corporate social responsibility (CSR) are two integral activities and they are mutually complemented. Simply looking, when a company operates only for profit and compensates social expenses by means of tax payment and disregard CSR in each activity, it is certain that social expenses in consideration of environmental pollution it causes are much greater than interests it generates. As consumers increasingly understand impacts [of its operations] on environment and public health, the successful implementation of CSR … [Read more...] about How to Invest for the Future?
Overloading by vehicles has long been considered to cause traffic accidents and damage traffic infrastructure. Concerned agencies have recently voiced their opinions and suggested solutions to tackle the chronic condition. In southern Dong Nai Province, the provincial Police Department has set up two special police teams to handle overloaded trucks. All members of these teams are not allowed to bring mobile phones with them while on duty. Within six days, from July 8 to 13, the teams handled 353 overloaded vehicles, said Lieutenant Colonel Nguyen Van Ba, deputy head of the provincial Traffic Police Department. Within only one hour on July 8, one of the teams, led by Major Truong Thanh Thao, handled nearly 20 vehicles on National Highway 1 in Bien Hoa City, Dong Nai province. A driver of an overloaded truck complained, "My truck's actual load is 20 tons more than the allowable load." Strict punishment, no intervention accepted. Provincial authorities will call on the public … [Read more...] about How to handle overloading by vehicles?
Vietnamese stocks have been closing higher day after day despite recent press warnings of their heated growth. There are good reasons for concerns of experts and the press once the lesson of 2001 is still there: within only 31 trading sessions, VN-Index dropped 46.1% to as low as 307.76 points on July 9, 2001from its peak of 571.04 points early on June 25, leading to a two-year downturn of the market to the bottom 130.9 points on October 24, 2003. Problems not yet solved Analyses have shown many differences between the current market and that of 2001: richer stocks listed; more experienced investors; no more administrative intervention by the State, etc. However, the core problems that led to the stock failure in 2001 has not yet been radically solved. First, demand still exceeds supply despite the wider range of stocks. In fact, the number of trading accounts has risen 12 times as many while the number of listed stocks has increased only 7.3 times since the end of 2001. Moreover, … [Read more...] about How to Cool the Market?
The settlement timeframe for shares trades on Vietnam's stock market is causing consternation among investors and in need of review. Tuong Van reports. Securities payment and settlement procedures on the Vietnam stock market under the T+3 method have become a concern among stock investors. Shortcomings are evident and the method makes life especially difficult for short-term investors. … [Read more...] about How many days to pay?