Hosted by the city Department of Industry and Trade, the workshop was also attended by Chairman of the city People’s Committee Nguyen Thanh Phong and Deputy Minister of Industry and Trade Do Thang Hai. Speaking at the event, head of HCMC Institute for Development Studies Tran Hoang Ngan emphasized that major economic sectors which the city gives development priority to have no longer fitted the trend of Industry 4.0. If the city wants to maintain the growth momentum at over 7 percent in coming years, it needs to adjust priority industries as well as develop new industries to suit the trend. Specifically, pharmaceutical chemistry and plastics-rubber are sensitive to the environment and labor intensive, requiring large scale factories but not creating high added value. At present, the narrowing land fund in the city is rocketing rent. Hence, these two industries will suffer heavily competitive pressure. Other industries including garment and textile, leather and footwear, … [Read more...] about HCMC needs to adjust major industries: experts
Private firms in abuja
MoMo now serves nearly 10 million users on its e-wallet platform The company’s performance has been underpinned by the rapid uptake of mobile payments as the country’s digitally-savvy population embraced the convenience of making cashless transactions on their mobile devices, both online and offline. “Last year was a transformational period for MoMo,” said Pham Thanh Duc, the CEO of MoMo. “The company posted its largest ever transaction volume and number of active users and we have significantly extended our lead as the platform of choice in the Vietnamese digital payments market.” The company has just announced that MoMo now serves nearly 10 million users on its e-wallet platform and is the country’s most downloaded e-wallet app in 2018. The volume of transactions processed on MoMo’s platform has grown by more than three times over the course of the year. The introduction of new innovative payment features, exclusive merchants and … [Read more...] about MoMo announces record-breaking growth in 2018
A Vietnamese taxi driver accused an American woman of Vietnamese descendant of sexually harassing him on May 4 but oddly the latter had reported to local police that she was raped by another cabbie just a couple of days earlier. The accuser-turned-accused Pham Thi Thanh Ngoc, 40, is also the one who had lodged complaints to local police against a Vietnamese tabloid for what she called ostensible made-up stories last year that she raped many taxi drivers, one of whom was said to be forced to have sex with her over 30 times in two days. However, all of her accusations have been disproved by Vietnamese authorities eventually. Ngoc: I’m a rape victim The American woman told Tuoi Tre (Youth) newspaper on May 1 that she returned to Vietnam to meet a 31-year-old young man named N.Đ.T. living in the southern city of Vung Tau who proclaimed himself as a “poor kept man.” Ngoc said after having a vacation in Hanoi, she and the man in question flew to Ho Chi Minh City … [Read more...] about Vietnamese American’s rape accusation: Raping? Being raped? Or lies?
A women harvests avocado in the Central Highlands province of Dak Nong. — VNA/VNS Photo The banking sector needs solutions to provide more funding for agriculture and rural areas to ensure sustainable development, according to experts. The statement was made at the workshop ‘Pro-poor Rural and Agriculture Finance Best Practices: Experiences of Viet Nam’ held by the Viet Nam Bank for Social Policies (VBSP), the Asia-Pacific Rural and Agricultural Credit Association and the International Fund for Agriculture Development in Ha Noi on Wednesday. The Party, the Government and the banking sector have always paid special attention to finance for farming areas in Viet Nam, Dao Minh Tu, deputy governor of the State Bank of Viet Nam (SBV) told the workshop. In addition, the Government and the SBV have directed preferential credit programmes for agriculture and countryside areas in domestic credit institutions, he said. Since 2006, credit programmes of the banking sector for … [Read more...] about Banking sector works on funding for farmers