At the ground-breaking ceremony for Vietnam’s first aircraft engine parts factory, Hanwha Aero Engines. (Photo: vnexpress.vn) Hanoi (VNA) – A ground-breaking ceremony for Vietnam’s first aircraft engine parts factory, Hanwha Aero Engines, was held at the Hoa Lac High-tech Park in Hanoi on September 21. The nearly 97,000sq.m plant invested by Hanwha Techwin Co., Ltd from the Republic of Korea (RoK) has total investment of 200 million USD. The first facility is expected to become operational in next April and the construction of the two others will be completed in 2022. The project will generate jobs for 1,000 local labourers. Speaking at the ceremony, Minister of the Science and Technology Chu Ngoc Anh highlighted that the event is significant as the two countries are celebrating the 25th anniversary of diplomatic relations. Hanwha Techwin will create … [Read more...] about Work begins on Vietnam’s first aircraft engine parts factory
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Government struggles to lure overseas Vietnamese talent back home; experts say it may take years After the Vietnam War ended in 1975, Jean Nguyen and her family moved to the US, where she then graduated at the top of her class at West Point, America's premier military academy, ten years later. US President Ronald Reagan called her an "American hero." Nguyen's story, and the story of US-Vietnam relations, came full circle that day. West Point was a driver of the killing of millions of Vietnamese and a million more Laotians and Cambodians during "The Vietnam War," which had caused Nguyen to leave. The country now finds itself lacking talented and trained workers, specialists and leaders. Historically, the cause has been war and colonialism and their lingering aftereffects. Currently, it might have to do more with bloated bureaucracies and business and management culture. Experts are mulling over what can be done in Vietnam to keep talent around, and draw in talent from … [Read more...] about Vietnam’s not got talent?
A brighter outlook is forecast for the Vietnamese economy in 2015 and the following years amid difficulties and challenges, according to economic expert Nguyen Minh Phong. Opportunities and prospects Generally, in 2015 and in the medium term, Vietnam will maintain macroeconomic stability with GDP growth and inflation standing at around 6-6.5%. According to most estimates, the country’s GDP will increase by at least 10% over the period 2015-2025 on the heels of a large number of free trade agreements (FTAs) to come into effect over the next year. The business environment will be greatly improved as a result of efforts to realize FTA commitments that Vietnam gets involved in and restrict international trade disputes through new experience and adaptation capacity. The national economy will have stronger liberalization and internationalization with a higher level of competitive pressure and equal economic cooperation. The inflows of foreign investment into Vietnam and the … [Read more...] about Vietnam economy: Opportunities and challenges
VietNamNet Bridge - The Paracel (Hoang Sa) and the Spratly (Truong Sa) Islands are two archipelagos offshore Vietnam. The closest point of the Paracel Islands is 120 nautical miles east of the central city of Da Nang and Ré Island, a coastal island of Vietnam. Meanwhile, the closest point of the Spratly Islands is about 250 nautical miles to the east of Cam Ranh Bay, Nha Trang city, Khanh Hoa province. VN condemns Chinese intrusion In the old days, with vague information about the Paracel and the Spratly Islands, navigators only knew about a large area in the middle of the sea with submerged cays, which was very dangerous for watercrafts, referred to as "Bien Dong (East Sea) by Vietnamese. Ancient Vietnamese documents indicate this area with various names, including "Bai Cat Vang" (Golden Sandbank), "Hoang Sa" (Golden Sand), "Van Ly Hoang Sa" (Ten-Thousand-Li  Golden Sand), "Dai Truong Sa" (Grand Long Sand), or "Van Ly Truong Sa" (Ten-Thousand-Li Long Sand). Most of the nautical … [Read more...] about Historical documents on Vietnam’s sovereignty over Paracel and Spratly islands
VietNamNet Bridge – The American Journal “Christian Science Monitor” recently published an article on the collection of maps proving Vietnam’s sovereignty over the Paracel and Spratly Islands of a Vietnamese American, Mr. Tran Dinh Thang. The East Sea disputes This is the first article in the U.S. that has the statement "Paracel and Spratly Islands belong to Vietnam" though it was personally made by Thang. Thang has collected 150 maps and three Chinese ancient atlases, which indicate that the Paracels and the Spratlys were never a part of China. Below is the article of Mai Ngoc Chau, who is studying M.A of Journalism in Boston about Thang. Obligation to keep the country In 1995 Tran Dinh Thang invited Prof. Tran Van Khe, an expert on traditional Vietnamese music to give a talk at the University of Connecticut (UConn). That summer, the distinguished professor, who taught at the Sorbonne University in Paris, visited the UConn campus. His talk became part of … [Read more...] about U.S. newspaper confirms “Spratlys and Paracels belong to Vietnam”