This was the main theme of a recently held round-table discussion with the attendance of former Deputy Prime Minister Vu Khoan, Dr Tran Dinh Thien, director of the Vietnam Institute of Economics and Professor Vu Trong Phuc, former director of the Institute of Party History under the Ho Chi Minh National Academy of Politics. Reform is a continuous process Question: After 30 years of Doi Moi, what does Vietnam need to do to move the country forwards on the path of rapid and sustainable development? VU KHOAN: Some people say that it is time for a second round of reform. But I think reform is a continuous process - what was appropriate yesterday may not be relevant today. This is even truer with domestic and global contexts changing rapidly. The Doi Moi reform launched during the 1980s began with a breach of regulations in agriculture seen in the secret allocation of land to farmers. That act was later approved by the Central Committee, which helped change the life of farmers and … [Read more...] about Nhandan Newspaper – What’s next for Vietnam after 30 years of Doi Moi?
Va 30 year fixed mortgage rates today
U.S. fixed mortgage rates this week edged up for the third straight week following recently released stronger economic data, according to the Primary Mortgage Market Survey released Thursday by Freddie Mac. The mortgage giant said the 30-year fixed-rate mortgage (FRM) was 3.62 percent in the week ending August 16, up from last week's 3.59 percent. It has been below 4 percent all but one week in 2012. The 15-year FRM, a popular choice for those looking to refinance, also increased to 2.88 percent from 2.84 percent a week earlier. It has been below 3 percent for 12 consecutive weeks. … [Read more...] about U.S. fixed mortgage rates continue to rise with stronger economic outlook
One of main purposes of attracting foreign direct investment (FDI) is the expectation of receiving technologies transferred from FDI investors. However, according to the World Economic Forum 2016 (WEF 2016), technology transfer from FDI companies in Vietnam is surprisingly low and tends to be pushed far apart from other countries in the region. Technology transfer is almost the primary goal of developing countries when they look for foreign partners. For Vietnam, FDI is expected to blow a gust of vitality called new technology to uplift Vietnam’s technological development level. However, in the past 30 years, we have not acquired much technology transfer. Many local companies are still using old technologies. A new report released by Central Institute for Economic Management (CIEM) showed that, in 2015, only 14 per cent of respondents had technologies used less than three years backward while 53 per cent utilised technologies from more than 6 years backward. At present, … [Read more...] about 30-year FDI Attraction: Missing Technology Transfer Goal
Consortium signs 30-year lease of Thi Vai Port Le Anh By Le Anh - The Saigon Times Daily HCMC – A consortium of five enterprises clinched a deal last Friday with the Vietnam Maritime Administration to lease the Thi Vai international terminal in the southern province of Ba Ria-Vung Tau for a period of 30 years. The consortium consists of Saigon Port Co. Ltd., Phu My integrated oil service company, Vinacommodities Joint Stock Company, Southern Salt Group and Hung Thai petroleum and maritime service company. Both sides at the signing ceremony declined to reveal the value of the leasing contract. However, the Ministry of Transport earlier approved a fixed package leasing price of over US$130.5 million for 30 years. If the consortium chooses to pay on an annual basis, the price might be different depending on a lot of factors like revenue and profit. According to the administration, the Thi Vai terminal has two piers able to handle ships of 50,000 DWT. It has a capacity of 1.6-2 … [Read more...] about Consortium signs 30-year lease of Thi Vai Port
by Lương Thu Hương PYEONGCHANG — The first drops of snow have fallen in PyeongChang as South Korea completes preparations for the upcoming Olympic and Paralympic Winter Games. Including seven sports with the participation of 6,500 athletes, the Olympic Games will take place from February 9-25. The Paralympic Games will be held from March 9-18, including six sports and 1,500 athletes. The slogan for the games is “Passion. Connected.” The much-anticipated sports events will be held at the Winter Sports Belt, which is a 30-minute drive from the Olympic Plaza. “It will be very compact and easy for the athletes and spectators to visit multiple sites and experience the games,” said Jihye Lee, head of the international media relations team of the organising committee. For fast and convenient access to the host city, which is approximately 180km east of Seoul, the expressway has been expanded, connecting both Seoul and Incheon … [Read more...] about SK gears up to host games for first time in 30 years