Ren Zhengfei founded Huawei in 1987 and watched it grow into a global behemoth. (Photo: AFP) Ren, 74, founded Huawei in 1987 with just 21,000 yuan (US$5,600) and watched it grow into a global behemoth with 180,000 employees operating in 170 countries, sales of 206 million smartphones last year, and revenue topping US$100 billion. But broad criminal charges unveiled in the United States this week are now threatening to wreck his empire and put his daughter, Huawei's chief financial officer Meng Wanzhou, behind bars. The accusations dealt a blow to Huawei's image just as the famously secretive company had mounted a media blitz to salvage its reputation, with Ren leading the charge to dispute espionage concerns. Huawei's PR department "says we're at a stage of crisis transition, I need to make our customers understand us," Ren told Chinese media this month. "I've been forced" to speak out, he said. Meng, who was arrested in Canada and faces a US extradition hearing in March, was … [Read more...] about Huawei”s founder faces fight for company and family
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Deputy Prime Minister Vu Duc Dam made the request in Hanoi on June 12 while chairing the council’s meeting after its consolidation. Regarding the education, Dam said in terms of sustainable development, apart from providing knowledge, attention should be paid to teaching how to be a human being. Deputy Prime Minister Vu Duc Dam addressing the meeting. Photo: VGP The council should focus on the issue, thus giving policy advice to the Government, he added. To take advantage of the fourth Industrial Revolution, aside from common tasks such as building e-government and publicity and transparency of all-level administrative agencies’ activities, the council may choose some areas that have many opportunities for development like textile and logistics, according to Dam. The Deputy PM also gave specific opinions on the organization and operation of committees under the council, emphasizing the council’s role of gathering core expert groups with professional … [Read more...] about Council needs to heed culture-related issues: Deputy PM
VietNamNet Bridge - Being one of the two young scientists nominated for the Ta Quang Buu Award in 2018, at the age of 34, Truong Vu Thanh of Ho Chi Minh City University of Science & Technology has made remarkable achievements with 47 ISI publications and scientific awards. Mr Truong Vu Thanh His ‘research work is titled “Azobenzene-containing metal–organic framework as an efficient heterogeneous catalyst for direct amidation of benzoic acids: synthesis of bioactive compounds”. The work can help reduce the production costs and fix limitations in the production of the amide functional group, which are found in compounds with biological activity, industrial materials and pharmaceutical ingredients such as Paracetamol or Lipitor®. However, the cost of creating these compounds is still very high, because the common method to create them is to activate carboxylic acid into higher-active compounds before reacting with the amines. … [Read more...] about VN young scientist’s research with 47 ISI publications and scientific awards
HÀ NỘI — Protecting the environment is now becoming a common motivation of enterprises’s long term strategy, Nguyễn Thế Chinh, head of the Institute of Strategy and Policy on Natural Resources and Environment said at an event on May 22. The Việt Nam Environment Forum themed “Enterprises towards environment protection and green growth” hosted by Tài nguyên và Môi trường (Natural Resources and Environment) magazine attracted the participation of ministries’ representatives, experts and companies in Hà Nội and other localities. According to Chinh, investment into organic and green agriculture has generated good profits for a lot of Vietnamese firms. Besides this, more and more enterprises are stepping into the industry of waste collection and treatment, as well as environmental protection programmes. By investing in eco-friendly industries and innovations, enterprises can enjoy … [Read more...] about Public and private agencies commit to achieve green growth
VietNamNet Bridge - The pressure for more debt/equity swaps has increased as 50 percent of Vietnam's domestic debt matures in the next three years. In recent years, the Ministry of Finance’s (MOF) announcements on imposing new taxes or raising tax rates is no longer stirring long debates. Formosa and Samsung were the two enterprises which made great contributions to the miracle GDP growth rate of 6.81 percent last year, but the tax collections from them increased insignificantly as they were both enjoying tax incentives. The public debt in 2017 decreased to 61.3 percent of GDP, but the amount was still very high, over VND3,000 trillion. More seriously, Vietnam is among the countries with the highest debt-to-GDP ratios (up by 10 percent in 2012-2017), according to the World Bank. US$1=VND22,000 RELATED NEWS Finance Ministry plans new personal income rates Will US amended tax law divert FDI flow from Vietnam? Kim Chi … [Read more...] about What should be done when overspending and public debt are on the rise?