(VEN) - As one of 50 enterprises receiving the Green Enterprise Award in 2012, Tan Thuan Corporation is gaining trust and credit of domestic and foreign investors. On the occasion of the International Environment Day, June 5th, Vietnam Economic News' Kieu Suong Spoke with President of Tan Thuan Corporation Y.T.Young about how the company protects the environment. For the awareness of enterprise's responsibility with the surrounding environment is aimed to avoid the impact of the environment in the year to come. Since its establishment in 1991, Tan Thuan Corporation has been paying much attention to having a fully work-out plan of infrastructure including trees, lawns and self-contained rubbish and waste water treatment systems that go through the whole Tan Thuan Export Processing Zone (EPZ). In the EPZ, there is a tree nursery area to meet the demands of planting tree in the entire EPZ and also there are workers who clean, take care and prune trees every day. In addition, the … [Read more...] about Tan Thuan Corporation growing green
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Paul Weinig has found all kinds of ways to breathe new life into Ho Chi Minh City's art scene since moving there in 2008 to head of the city's branch of the Goethe Institute. The German PhD said he wanted to turn Vietnam's southern hub into a haven for artists who are now struggling to flourish amid the city's busyness, in which it is tough to find the literal and figurative time and space to produce art. Weinig said that Berlin was the same way, years ago, before it became one of Europe's major art centers. "Welcome everyone to the third Cracking Bamboo," Weinig said in his not quite fluent Vietnamese at the city's Conservatory of Music at a percussion concert featuring artists from Europe and Asia. Ho Chi Minh City audiences have become accustomed to hearing Weinig's greetings, as he has presided over nearly all the Goethe Institute's events of the past four years, according to a February 22 report in Tuoi Tre. The city is a new land to him, he said, and it has been fascinating … [Read more...] about German man on mission to make Vietnam’s busiest city art hub
Call it rebalancing, or call it contrarian investing. Smart investors know they should trim back some winners and buy some losers now and again. Smart investors know they should sometimes sell winners and buy losers. … [Read more...] about Rebalance your portfolio
Your say (18-01-2008) Do street sellers get up your nose? Viet Nam News' readers share their view on a proposal to crack down on street vendors in the capital First of all, I think the rule would be very difficult to enforce and after a few months most of the street vendors would be back. Second, getting rid of the street vendors would destroy part of the street culture that makes Ha Noi and other Vietnamese cities interesting places to visit for foreigners. And of course, this is a rule that would affect the poorest people in Ha Noi and the surrounding areas. As with many rules that are introduced with the best of intentions, this decision could actually encourage poor street vendors to sell goods on the black market because they would be unable to make any money through legal means. … [Read more...] about Do street sellers get up your nose?
The Vietnamese film industry knows little about making money, Hollywood legendary film instructor Dov Siemens said frankly at an interview with Tuoi Tre following his arrival in Ho Chi Minh City last weekend. Widely known in Hollywood for his teaching techniques, Dov Siemens comes to Vietnam this time to instruct more than 100 Vietnamese filmmakers and students in a 3-day training course. Dubbed “Mr. Hollywood” by the American MovieMaker magazine for his popular short courses where he teaches film professionals across the US, Dov said he does not teach art because the work of producing and selling films is more important. To Dov, after all, film industry is a show business, not a show art, he spoke bluntly. Despite being a foreigner, Dov said he knows several talented Vietnamese overseas filmmakers such as French-Vietnamese Tran Anh Hung with his award-winning trio The Scent of Green Papaya, Cyclo, and The Vertical Ray of the Sun. More recent independent works … [Read more...] about VN moviemakers bad at making money: Mr. Hollywood
>> Capital priority given to production, business >> Inflation reaches record highs in first quarter >> Black market for USD thrives despite ban >> More reasonable policies for gold market needed Vietnamese investors are hesitant to make decisions about where to place their assets, amid rising inflation and other uncertainties in the market. Along with the recent and widespread price hikes, including electricity and petroleum, the country's inflation rate is reaching record highs in the first quarter of this year. An uncertain gold market Gold has always been a safe haven for investors. Yet trading in gold bars has decreased by 30% after the Government's crackdown on unofficial market. Tran Nhat Nam from Bao Tinh Minh Chau Co., Ltd, a prestigious firm dealing in gold and precious stones, said that people have switched to buying jewellery instead of bars. Trading in gold rings has increased by between 50% and 60% in recent weeks. … [Read more...] about Financial quandary: where to put your money?
The Vietnamese film industry knows little about making money, Hollywood legendary film instructor Dov Siemens said frankly at an interview following his arrival in Ho Chi Minh City last weekend. Dov Siemens (left) - Photo: Tuoitre Widely known in Hollywood for his teaching techniques, Dov Siemens comes to Vietnam this time to instruct more than 100 Vietnamese filmmakers and students in a 3-day training course.Dubbed “Mr. Hollywood” by the American MovieMaker magazine for his popular short courses where he teaches film professionals across the US, Dov said he does not teach art because the work of producing and selling films is more important.To Dov, after all, film industry is a show business, not a show art, he spoke bluntly.Despite being a foreigner, Dov said he knows several talented Vietnamese overseas filmmakers such as French-Vietnamese Tran Anh Hung with his award-winning trio The Scent of Green Papaya, … [Read more...] about Vietnam moviemakers bad at making money: Mr. Hollywood
Le Ngoc Tri, head of the Anti Hi-tech Crime Police Department (PC50) from the Ministry of Public Security, spoke to Kinh te &Do thi (Economy & Urban Affairs) newspaper about financial swindles. Please give us an overview of the methods criminals adopt, using fake bank cards and SIM cards, to withdraw money from ATMs or to blackmail people? I have to concede that such crimes have increased in recent times. In 2014 alone, many cases of fraud have been detected and foiled nationwide, in cities such as Ha Noi, Da Nang and Ho Chi Minh City and in the provinces of Ben Tre, Thai Nguyen and others. … [Read more...] about Credit fraud a growing threat
Malaysia-based accelerator and early-stage investor 1337 Ventures has recently announced the top three teams from HCM City that will each receive US$25,000 worth of funds and services via its Alpha Startups Vietnam Batch 1. The three teams are Saloneses — a beauty service-booking platform, Perkfec — a platform that allows businesses to track employee achievements and rewards, and Navi — an hourly booking marketplace. Bikesh Lakhmichand, CEO and Founder of 1337 Ventures, speaks to Thu Huong Le on why 1337 Ventures has tapped into the Vietnamese market and the potential of cultivating young talent here. What factors motivated 1337 Ventures to enter Viet Nam? The Vietnamese startup ecosystem is growing in strength as the government has introduced new initiatives to build a sustainable and advanced ecosystem for startups in Viet Nam. The country is now ranked 90th in the ease of doing business index by the World Bank. In addition, the cost of living or cash burn rate … [Read more...] about 1337 Ventures: Vietnamese ecosystem is growing in strength
VietNamNet Bridge - Pham Chi Mai, 26, has been struggling to pay off her credit cards after an impromptu spending spree three years ago. The money she has borrowed has now reached nearly VND100 million - rather a lot of credit for someone her age to be used up on general shopping. "I don't know why the money I earn just disappears at a glance and now I'm even more in debt. My financial status is driving me crazy," she said. Mai, 26, was born into a problematic family where her mother often gambles and is heavily involved in the black market. "We are always in need of more money. It has become an obsession." The trouble Mai has got herself into is becoming more prevalent in today's Viet Nam. Ironically, as modern society attempts to provide young people with more opportunities to earn a living, it has not yet succeeded in teaching them how to budget and spend their money wisely. In 2012, a survey of the spending habits of pupils in 50 high schools across HCM City was jointly carried … [Read more...] about Young people fail to budget money wisely