VietNamNet Bridge - Aviation experts believe that it would be a waste to spend VND10 trillion to build three airports in the northwest. The Civil Aviation Authority of Vietnam (CAAV) has submitted to the Ministry of Transport a plan to build three airports in the northwestern provinces with total investment capital of VND9.813 trillion. Economists disagree with the plan, describing it as ‘unnecessary’ and ‘wasteful’. Tran Dinh Ba from the Vietnam Economics Association said Vietnam is not a large country, but it has up to 100 airports, many of which are located near each other and and left idle. "The Phu Quoc Airport, built at a high cost, has been put up for sale. The Can Tho International Airport nearby has been deserted. I am afraid that the three airports in the northwest will be in the same situation," he said. The expert said that National Assembly’s deputies have many times expressed their worries about the ‘airport inflation’ in … [Read more...] about CAAV’s plan to build airports in northwest raises controversy
The plan has raised controversy
VietNamNet Bridge - Advocates of the government’s proposal to free SOEs (state-owned enterprises) from tax debts say the tax relief will help the state sell SOEs at better prices. Meanwhile, those, who are against the idea, say this will create an unleveled playing field for SOEs and private businesses. The government has proposed to forgive tax debts for two groups of SOEs. The first group includes the SOEs which undergo restructuring and have tax debts equal or higher than the state’s stockholder equity in the enterprises. The second one includes SOEs which have been equitized but the tax debts were not deducted from the state’s capital when the ownership was transferred. Tran Du Lich, a renowned economist, noted that the government may hope SOEs can be sold for better prices if SOEs’ financial situation gets better. "If the State sells ailing businesses with minus stockholder equity, no one will be interested in such businesses. But if the State … [Read more...] about Government’s proposal on tax-debt relief for SOEs raises controversy
VietNamNet Bridge - The establishment of high quality schools has been approved by the Hanoi People's Council. The existence of the schools, which set high tuitions, called the schools for the rich, has raised controversy. The figures would be VND3.2 million and 3.4 million, respectively, to be applied in the 2014-2015. There are 18 state owned schools in Hanoi which have been run as high quality schools, including 13 full high-quality, and 5 schools as partial high-quality schools. The story about the two classrooms of the Nguyen Trai and Thanh Xuan primary schools, which are luxurious and well equipped as the classrooms at international schools has become the hot topic on education forums these days. It is estimated that the total cost for the classrooms is as high as VND300 million. The noteworthy thing is that the luxurious classrooms have been existing next to the cramped, old and badly equipped classrooms. The luxurious classrooms have been run under the mode of … [Read more...] about Hanoi to legalize the schools for the rich?
VietNamNet Bridge - People, who buy houses, cars and valuable assets, would have to make payment through banks, not to pay in cash. Striving for a "non-cash economy" The State Bank of Vietnam, which is drafting a government's decree on making payment in cash, has decided to take a step forward in implementing the plan aiming to a non-cash economy. The draft decree says that people must make payment via banks for the car and house transactions. Despite the great efforts to improve the payment methods, cash still has been the most popular payment method among people. A report by the State Bank of Vietnam showed that cheques nearly have not been used, orders for payment have been used mostly to pay for electricity and water bills, and cards have been used just to withdraw cash from ATMs. The report has found that Vietnamese still prefer making payment in cash in order to avoid tax and keep the deals in secret. Will it help? Though agreeing that the watchdog … [Read more...] about New regulations on payment methods raise controversy
VietNamNet Bridge - VietNamNet would like to introduce the most impressive education events that happened in 2010. In 2010 Vietnamese people admired a mathematician more than a showbiz star. Vietnamese Professor Ngo Bao Chau, Chicago University has become the "2010's icon" in Vietnam, when "Ngo Bao Chau" was the most searched keyword on Yahoo Vietnam. … [Read more...] about The most impressive education events in 2010