EVN leaders use luxury items in violation of regulations The Electricity Group of Vietnam (EVN) has been found to spend over VND3 billion (USD142,857) more than the regulated amount for use to buy luxury vehicles for leaders, according to the Government Inspectorate. This is just one of the results given by a recent inspection of the Government Inspectorate. EVN bought two Toyota Landcruisers, totaling VND5 billion (USD238,000), while, at the same time, it was is only allowed to buy two cars costing a maximum of VND1.04 billion (USD47,619) each. The group explained that the cars were bought because on orders from business officials for trips to several localities. The Government Inspectorate, however, announced that it is still a violation for the overspending regulations pending the PM's decision. EVN added that it had to build homes along with other works, such as tennis courses, swimming pools and pre-schools in its power plant area for experts during construction. After the … [Read more...] about EVN officials use luxury items in violation of regulations
United world college of southeast asia
Services set to take largest share of GDP in Asia
A food vendor stands in a busy street in Hanoi. As Asians switch from traditional occupations, farms and factories, the contribution of service industries to the region's economy is poised to exceed 50 percent for the first time, according to data compiled by Bloomberg from government statistics. Dinh Tu quit being a monk three years ago and worked in a yoga studio in Ho Chi Minh City to cater to a growing Vietnamese middle class who are finding new outlets for their money. These days, he's selling insurance, too. "People in Vietnam have more to spend now," said the 40-year-old agent for Tokyo-based Dai-ichi Life Insurance Co. "Because I'm no longer a monk, I have to worry about financial pressures, too. I can see that insurance is a good business." As Tu and millions of other Asians switch from traditional occupations, farms and factories, the contribution of service industries to the region's emerging economies is poised to exceed 50 percent for the first time, according to data … [Read more...] about Services set to take largest share of GDP in Asia
Main events of last week
Vietnam celebrated the 86th anniversary of Revolutionary Press Day and many other important events occurred around the world. The fifth National Journalism Awards The fifth national journalism awards were held in Hanoi on the occasion of Vietnam Revolutionary Press Day (June 26). The 2010 contest received more entries than the previous contests: 1,321 entries in eight categories. Head of the Central Commission for Communication and Education and President of the Vietnam Journalists Association Dinh The Huynh said this year final round entries were outstanding and showed new discoveries that accurately reflected Vietnam's economic, social, and cultural development as well as its progress in national defence and security. They are also of consistently high quality, he said. Vietnam raises the East Sea issue at United Nations The 21st Meeting of UNCLOS States Parties was held in New York from June 13-16 with the attendance of nearly 200 members of countries involved in the 1982 … [Read more...] about Main events of last week
Vietnam at risk of getting stuck in a rut
VietNam 2/3 of the way achieving the millenium development goals
Vietnam is regarded by the international community as one of the developing countries which have made outstanding achievements in economic reform targeting growth and poverty reduction. During the past ten years, Vietnam's economy has been growing fast yet steadly. The average GDP growth rate per annum reached 7.2 percent during the period 2001-2010. The average GDP per capita in 2010 is expected to reach 1200 USD, three times what it was in 2000. As a result, Vietnam is now moving from being one of the poorest countries to lower middle income status. … [Read more...] about VietNam 2/3 of the way achieving the millenium development goals