Viettel officially rolls out 4G services The telecom giant Viettel formally launched its 4G network on April 18, becoming the first carrier in Vietnam to do so. The launch came only six months after the company was granted a licence to provide the service, which Viettel says is the fastest response in the world’s history of 4G roll-out. The company adds that it is the only carrier in the world to provide nationwide coverage at the time of launch with 36,000 4G stations already installed, covering 95% of the population. Viettel will offer a broad range of 4G plans with costs cheaper than 3G by 40-60% and pledges to ensure a download speed of 30-50 Mbps, up to 10 times faster than the current 3G speed. The company is also planning to offer 4G-enabled mobile devices with prices as low as VND1.3 million (US$57) with the aim of ensuring that no one is left behind when technology advances, as per its slogan. Deputy PM and Foreign Minister Pham Binh Minh visits the US, China Deputy … [Read more...] about April 17-23: Vietnam unveils new 4G service
Public credit service union
Politburo’s Resolution on guidelines and measures to restructure State budget and manage public debts
The following is the translation of the Resolution for reference: I - CURRENT SITUATION AND REASONS 1- Over the past few years, the Party and the Government have attached importance to directing the implementation of a number of measures to enhance efficiency of the state financial-budgetary and public debt management, thus making significant contributions to ensuring the socio-economic development, national safety and security, realizing social justice and progress, addressing urgent issues related to natural disasters, diseases, environmental protection, climate change adaptation, and acceleration of international economic integration. Legal system, mechanisms and policies on the state financial-budgetary and public debt management have gradually improved towards openness and transparency to comply with international practices and standards, to meet the requirements of macro direction and management of the country during each specific period of time. 2. In addition to these … [Read more...] about Politburo’s Resolution on guidelines and measures to restructure State budget and manage public debts
Social News 12/6
Quang Nam, RoK’s Gwangyang city ink cooperation deal Chairman of the People’s Committee of central Quang Nam province Dinh Van Thu and Mayor of Gwangyang city of the Republic of Korea Jeong Hyun Bok signed an agreement on bilateral cooperation on June 10. The two sides agreed to expand economic, investment, trade exchanges, share experience in managing and developing economic zones, and boost cooperation in seaport logistic services, tourism, and health care. The signing took place at a meeting between Quang Nam’s leaders and representatives from foreign localities and partners which have developed friendship with the province and accompanied it during the development process. It was part of the activities of the sixth Quang Nam Heritage Festival 2017. Thu affirmed that Quang Nam is keen to further international cooperation with foreign localities and partners. After 20 years, Quang Nam has been … [Read more...] about Social News 12/6
S.Korea to boost services, foreign investment to spur economy
SEOUL, Sept 9, 2009 (AFP) - South Korea will offer foreign investors more incentives including a bigger stake in its services sector as it prepares for economic recovery from the global downturn, a minister said Wednesday. "The Korean economy is showing early signs of recovery, so-called 'green shoots'," said Strategy and Finance Minister Yoon Jeung-Hyun, crediting government stimulus measures and an easing of international financial strains. Yoon, in a speech to the European Union Chamber of Commerce, noted the stock market was now higher than before the Lehman Brothers bankruptcy a year ago. The economy grew 2.6 percent in April-June from three months earlier, the highest rate among members of the Organisation for Economic Cooperation and Development in the second quarter. "I believe that the current crisis provides the Korean economy with a new opportunity for another take-off," Yoon said. He pledged reforms to raise competitiveness, such as corporate restructuring and resolving … [Read more...] about S.Korea to boost services, foreign investment to spur economy
IMF, EU grant Romania five-billion-euro credit line
Romania will get a fresh credit line of five billion euros ($6.8 billion) from the IMF and the EU after an emergency loan helped the country exit the crisis, president Traian Basescu said Sunday. "Under this deal, the IMF and the EU will place at Romania's disposal five billion euros" to be drawn only in case of emergency, he added. "A debt crisis is underway (in Europe) and we don't know how the situation in other states may evolve," Basescu explained. He stressed that the two-year agreement concluded by Romania in 2009 and due to expire in April had ended successfully. "The economy has been stabilised and the necessary measures have been taken to emerge from the crisis," he added. "The conditions to return to economic growth have been created. Romania's economy is out of the crisis.", he insisted. After severe recession in 2009 and 2010, the Romanian economy is expected to grow by 1.5 percent in 2011. The public deficit, which stood at 7.1 per cent of gross domestic … [Read more...] about IMF, EU grant Romania five-billion-euro credit line