Le Collier (The Necklace), carrying an estimate of 2,500,000 – 4,000,000 HKD (320,000 - 511,000 USD), was formerly in the private collection of Federico Möller de Berg (1899-1991), a renowned Uruguayan sculptor who acquired it directly from Thu in 1948 – the year the two artists first met in Paris. Federico studied at the Académie de la Grande Chaumiére and belonged to a circle of artists who shared and admired each other’s works. It was there Federico came across Thu’s paintings. Fascinated by Thu’s art and the tenderness in which he approached his subjects, Federico later exchanged his two sculptures for Thu's paintings, and one of the two pieces was Le Collier. The work remained in Federico’s personal collection and was brought back to Uruguay where he treasured it for the rest of his life. The painting portrays a white-dressed Vietnamese woman serenely reclining with a red beaded necklace in hand, admiring it while at the same time seemingly thinking of someone associated … [Read more...] about Renowned Vietnamese painter’s unseen painting up for sale
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Innovative medicine sales top the list for multinationals
Non-communicable diseases are still on the rise in Vietnam, and thus more choice and more modern answers are required, Photo: Le Toan Pfizer plans to bring numerous innovative medicines to Vietnam over the next four years. This is in line with its global strategy, as the company has made significant progress towards launching 19 new products over an 18-month span, having executed 11 launches so far. According to Pfizer, the company continues to build momentum, recently attaining key milestones for several products, including the US launches of Prevnar 20 in paediatric patients; as well as US approvals and launches of several other key medicines Darrell Oh, country manager of Pfizer Vietnam, told VIR, “Pfizer Vietnam will continue focusing our business where we believe we can have the greatest impact on patients and society – pursuing what we believe to be the most innovative biopharmaceutical therapies and vaccines.” “More than ever, we believe that the innovative industry … [Read more...] about Innovative medicine sales top the list for multinationals
War crimes tribunal ICC says it has been hacked
THE HAGUE -- The International Criminal Court (ICC) said on Tuesday its computer system had been hacked, a breach at one of the world's most high-profile international institutions and one that handles highly sensitive information about war crimes. The ICC said it had detected unusual activity on its computer network at the end of last week, prompting a response that was still ongoing. A spokesperson declined to comment on how serious the hack was, whether it has been fully resolved, or who might be behind it. "Immediate measures were adopted to respond to this cybersecurity incident and to mitigate its impact," the ICC said in a short statement. The ICC is the permanent war crimes tribunal in the Dutch city of The Hague, established in 2002 to try war crimes and crimes against humanity. Prosecutors at the court are currently conducting 17 investigations into situations in Ukraine, Uganda, Venezuela, Afghanistan and the Philippines, among others. Highly sensitive documents at … [Read more...] about War crimes tribunal ICC says it has been hacked
In Vietnam, parents spend big on children’s education despite economic woes
No matter how expensive it is, many Vietnamese families willingly pay for their children’s education in spite of their tight money situation. Vietnamese parents commonly seek the best education for their children while sacrificing their own needs, said Dr. Le Thi Mai Lien, head of the psychology faculty at the Ho Chi Minh City University of Social Sciences and Humanities. Cutting down on all expenditures but for children’s education As soon as her two children enter the new school year earlier this month, a 43-year-old woman named N.T.T., who resides in Phu Nhuan District, Ho Chi Minh City, had to calculate her family’s expenditure to balance their spending and saving. After the COVID-19 pandemic, T. and her husband's total income decreased by more than VND20 million (approximately US$818) per month, so they have to tighten their belt to stabilize the investment in their children’s education. Years ago when their family was still financially solvent, they would frequently … [Read more...] about In Vietnam, parents spend big on children’s education despite economic woes
Working with American business partners requires understanding their way of thinking
In January 2000, we established our first branch in San Jose, California, the heart of Silicon Valley. The director of that branch was a patriotic diasporic Vietnamese. But the American Dream did not come true for us. After merely one year of operations, FPT USA had to temporarily stop operating due to a lack of customers. We tried everything, with different people attempting to take the reigns of business development. From a Vietnamese expat to a graduate from prestigious MBA programs. What we received were critics, portraying our managers as "delusional about our corporate capability" and our programmers "weak in both expertise and language skills." It was a total failure. No one cared about a nameless company from Vietnam, a country only known then for the prolonged war. One of our then-potential customers was surprised to learn that it only took one hour to fly from Hanoi to Bangkok. He could not imagine the locations were so close, despite his own flying to Bangkok quite … [Read more...] about Working with American business partners requires understanding their way of thinking
Different forecasts made for policy interest rates in the rest of 2023
Headquarters of the State Bank of Vietnam in Hà Nội. Some experts believe the SBV can still cut the policy interest rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. — Photo sbv.gov.vn Experts have different forecasts about the time when the State Bank of Vietnam (SBV) will lower its policy interest rate. While some experts expect the rate to decrease by 0.5-1 percentage point at the end of the third or fourth quarter of this year, others believe the rate will be kept unchanged. According to some experts, although rising pressure on the foreign exchange rate and inflation are the main factors affecting the SBV's ability to continue lowering the policy rates in the remaining months of this year, the SBV can still cut the rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. Banking expert Nguyễn Trí Hiếu forecasts that deposit interest rates will … [Read more...] about Different forecasts made for policy interest rates in the rest of 2023
Hanoi residents increase efforts to combat fire
Nguyen Thi Tin, a 67-year-old woman who lives in the alley where the fire broke out, said she has been talking with her neighbors about opening up exits at each other’s houses to "have as many exits as possible in case something happens." Two days later, workers came to remove cages. Tin’s house now has two additional exits, and she also bought a steel rod onto which rope ladder can be hooked. "My daughter-in-law is also buying more flashlights and a rope ladder," she said. Tin going up to check the new emergency exit that leads her neighbor’s house on Sept 19, 2023. Photo by VnExpress/ Phan Duong A few houses away, Vu Thi Ha, 66, is also opening up two exits, one in front of the house and one that goes to the neighbor’s house, as well as buying a rope ladder. She has also made sure that everyone in her family knows where the key to the emergency exit is. "Of course, I’m also worried about thieves, but I’m more afraid of fire," Ha said. " If we lose our … [Read more...] about Hanoi residents increase efforts to combat fire
Vietnam, UK enhance cooperation in law enforcement
An overview of the talks between Deputy Minister of Public Security Lieutenant General Le Quoc Hung and Minister of State (Minister for Immigration) at the Home Office Robert Jenrick . (Photo: VNA) London (VNA) - A high-ranking delegation of the Ministry of Public Security led by its Deputy Minister Lieutenant General Le Quoc Hung paid a working visit to the United Kingdom from September 16-21 to strengthen bilateral cooperation in law enforcement. The delegation held talks with Minister of State (Minister for Immigration) at the Home Office Robert Jenrick, visited the UK's National Crime Agency (NCA), worked with the Metropolitan Police (Met) and visited several Met units. In the talks with Jenrick, the two sides appreciated close cooperation in crime prevention and control, contributing to ensuring national security, social order and safety in each country. Some areas of cooperation are becoming the key to law enforcement cooperation between the two countries, … [Read more...] about Vietnam, UK enhance cooperation in law enforcement
Hanoi must highlight talent recruitment in the amended Capital Law: law lecturers
By the end of 2022, a total of more than 2,060 outstanding graduates from Hanoi's universities and colleges have been honored. As talent attraction and human resources development are key to the capital's growth, experts hope the amended Law will cover this issue. The Politburo Resolution 15-NQ/TW of May 5, 2022, on the development of Hanoi until 2045, sets development goals for the capital. Outstanding students and young adults in 2022 honored by Hanoi authorities. Photo: The Hanoi Times Accordingly, Hanoi in 2030 will become a modern, cultured and civilized city, the center driving the growth of the Red River Delta, the Northern Economic Zone and the whole nation. Hanoi will also strengthen its international cooperation and integration and catch up with other major cities in the region and the world. To realize these goals, the Hanoi Party Committee must build a healthy, solid and dynamic organizational apparatus with highly capable, ethical, creative … [Read more...] about Hanoi must highlight talent recruitment in the amended Capital Law: law lecturers
Vietnam, U.K. enhance cooperation in law enforcement
The delegation held talks with Minister of State (Minister for Immigration) at the Home Office Robert Jenrick, visited the U.K.'s National Crime Agency (NCA), worked with the Metropolitan Police (Met) and visited several Met units. In the talks with Jenrick, the two sides appreciated close cooperation in crime prevention and control, contributing to ensuring national security, social order and safety in each country. Some areas of cooperation are becoming the key to law enforcement cooperation between the two countries, including in immigration management, and prevention and control of crimes related to human trafficking and illegal immigration. The two sides agreed to boost cooperation in an extensive, effective and practical manner, helping to build political trust and deepen the strategic partnership between Vietnam and the U.K. They pledged to maintain and promote the exchange of delegations at all levels; share experience and information in immigration, repatriation and … [Read more...] about Vietnam, U.K. enhance cooperation in law enforcement