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/ March 5, 2021

National university processes complaint of lecturers in Korean Studies Faculty

The task force of VNU-HCMC began its work in USSH on March 4. Therefore, in pursuance of Point C, Clause 2, Article 25 of the Press Law, USSH temporarily stops providing related information to the press. According to Mr. Tran Nam, Head of the Communications and Public Relations Department of USSH, his university strictly observed the procedure to process a complaint, from mediation, formal dialogue, to instruction on sending an official complaint to the Management Board for a feasible solution. However, USSH did not receive any formal complaint from concerned lecturers. Instead, these teachers directly sent their complaint to the Government Inspectorate of Vietnam (GIV). After receiving the forwarded complaint from GIV, USSH immediately established a task group to handle the case in accordance with regulation. The 12 lecturers have then sent their complaint for the second time to GIV, which transferred it to VNU-HCMC. USSH issued a formal criticism to the Dean of the Korean Studies Faculty for the weakness in management tasks, along with a request to adopt a proper solution to tackle this problem. The university also criticized the 11 lecturers because of their lack of respect towards USSH and certain wrong details of the objective truth in their complaint, negatively affecting the organization’s reputation. USSH proposed to transfer these lecturers to another more suitable department, yet these people unilaterally terminated their work contract. Therefore, the university agreed to their request and offered detailed instruction on the procedure to ensure employee’s rights. Simultaneously, USSH is hiring visiting lecturers and recruiting new ones so that the operation and training of the Faculty is properly maintained, minimizing the adverse effects of this incident on learners. By Thanh Hung – Translated by Thanh Tam …

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/ March 6, 2021

Online fines for traffic violations still not applied on large scale

The police have begymun imposing fines online on traffic law violators following the launch by the Ministry of Public Security of the national population database system. However, this has not been done on a large scale. With the system, traffic policemen just need to enter violators’ ID numbers into the system to see names, dates of birth and current residential addresses so they can make decisions on sanctions. Violators can pay fines via a service system from the link guiding payments. The police will send back documents and complete the process of dealing with violations after they check the system and find if the violators have paid the fines. Lieutenant Colonel Tran Quang Vinh from the Hanoi Traffic Police Division said that online fine payment is convenient for people and ensures transparency. However, this has only been applied to the violators who have a chip in their citizen identity cards and bank accounts. These kind are of violations are subject to on-spot fine payment, under decision of the policemen on the site. The fines for the violations are below VND250,000 and policemen won’t seize drivers’ motorbikes and documents. Only when all citizens have chip mounted citizen identity cards will the electronic signature system become operational. Then all violations will be dealt with online. As for violations subject to heavier fines, to be determined by directors of provincial police departments or province chairs, this still cannot be applied because high-ranking officials are not always available to sign the decisions on sanctioning. And digital signatures are not accepted in these cases in accordance with the law on administrative violations. If people commit serious violations and have their driving licenses revoked, they have five days to explain to appropriate agencies under the current laws. Nguyen Van Thach from the Ministry of Transport said the online fining via citizen identity cards in connection with the national …

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/ March 6, 2021

Equity investment in Vietnam reaches new peak

Vietnam reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into fresh tech startups which provide breakthrough solutions in retail and services, such as booking and placement of online healthcare consultation, e-commerce, and provision of recruitment and human resource platforms, among others. The scale of transactions was, however, modest as most of the ventures targeted Vietnam’s fledging tech startups. A series of sectors have been showing bright investment prospects in the beginning of 2021, including logistics, education, healthcare, technology, and renewable energies. Companies in retail and services related to breakthrough solutions were also high on the investors’ radar. For instance, the leading US equity fund Warburg Pincus poured $100 million into MoMo’s e-wallet which had 20 million users in 2019, and $130 million came from Singapore-headquartered private equity firm Northstar Group directly into Tiki’s pockets – one of Vietnam’s three leading e-commerce platforms in 2020. Vingroup, Vietnam’s top private conglomerate, …

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