The Hanoitimes - Vietnam and North Korea have similar background in national protection. But how they responded has set them on different paths after decades. Trump touts Vietnam's economy as model for North Korea The selection of Vietnam for the second summit between US President Donald Trump and North Korean leader Kim Jong Un has somewhat guided the possible reproduction of some economic models that have portrayed Vietnam one of the world’s fastest-growing economies. Vietnamese President Nguyen Phu Trong and North Korean leader Kim Jong Un in Hanoi on March 1. Photo: VNS First of all, Vietnam serves as case study of foe-turned-ally. Vietnam and the US, once military enemies, are now parties in trade. Trade between Vietnam and the US has skyrocketed, growing from US$451 million in 1995 to roughly US$60 billion in 2018, according to statistics. People in HCM City welcome US President Barack Obama in May 2016. Photo: Soha … [Read more...] about Why world experts say Vietnam should be economic model for North Korea?
Why decision making is important
On December 11 the State Bank of Viet Nam reduced the value of the dong against the US dollar by VND9 from the previous day to VND22,775 (US$1). The selling price of the greenback at the central bank’s transaction offices was also adjusted to VND23,408 though the buying price was kept unchanged at VND22,700. At commercial banks, the price of the greenback did not see strong fluctuations. Vietcombank still kept its selling and buying prices at VND23,265 and 23,355. Similarly, BIDV kept its rates unchanged at VND23,260 and 23,350. Market observers said the central bank has been adjusting its daily reference rate for the dong against the dollar constantly since early December though the adjustments have been minor. Why does the central bank continue to devalue the Vietnamese currency when globally the dollar is weakening after the US and China agreed to halt their trade war for 90 days? For instance, in the Asian dollar market, the dollar index, which tracks the greenback against … [Read more...] about Why SBV keeps dong weak against US dollar
Nguyen Phuong Mai, an author and lecturer based in Amsterdam, Holland Last week, a secondary school student in the central province of Quang Binh was slapped 231 times by his classmates under their teacher’s orders for "using foul language." While many see the incident as a classic case of school violence, I don’t. From my point of view, this has more to do with fear than violence. In the 20th century, American psychologist Paul Ekman said humans have six basic emotions: anger, disgust, fear, happiness, sadness, and surprise. Of these, fear is the most primal, the most powerful and also the most important one, as it is the precursor to all other negative emotions. Criminological studies also found that the reason murderers murdered was because of fears they never even knew they had; fears that were etched too deep within one’s psyche to ever come into awareness. These could be fear of rejection, failure or being ridiculed; products of unhappy childhood - toxic … [Read more...] about Fear will drive our actions, our choice is the direction
Viet Nam News Finding Phong by French and Vietnamese directors Swann Dubus and Trần Phương Thảo has made its name at international film festivals. It is the first film in Việt Nam to document a transgender person and the sex change process in real time. It centres around Phong, a native of the south central province of Quảng Ngãi, who works as a make-up artist for the puppets at the Thăng Long Water Puppertry Theatre in Hà Nội. The movie takes audiences through Phong’s first 24 years as a boy to a then joyful chapter after he underwent the process. The documentary was screened at a number of international film festivals and finally hit cinemas in Việt Nam in October. Dubus talks to Hồng Vân about Finding Phong and the documentary scene in Việt Nam. Inner Sanctum: How did the idea of ‘Finding Phong’ come about? Gerald Herman, who was later the co-producers of … [Read more...] about French director talks about perks of making documentaries in Việt Nam
Arun Kelshiker, head of Portfolio Strategy at Standard Chartered Private Bank In our childhood, we learn some life-skills which we never really forget—skills such as riding a bicycle or swimming. But how often do we learn at a young age how to save and invest and plan our finances for ourselves and our loved ones? Yet, certain financial skills, such as making investment decisions, impact our longer-term life choices. Starting to invest early is probably one of the most basic financial knowledge one needs to imbibe at an early age. This is because the longer one lets one’s money grow, the bigger it grows. As Albert Einstein famously said: “Compound interest is the eighth wonder of the world and the most powerful force in the universe.” Once we start early, the next crucial investment idea is the knowledge that capital preservation is key to generating sustainable long-term returns. Yet, knowingly or unknowingly, many of us still find ourselves trying to … [Read more...] about Long term investment is the key to sustainable returns