Although Vietnam is struggling under the weight of its bad debts, before others can help, the country must further improve its legal framework and develop its distressed securities market to support the debt trading process. Even with new regulations, Vietnam cannot deal with NPLs on its own, Photo: Le Toan When Resolution No.42/2017/ QH14 came into force last month, some mechanisms were put in place to improve the handling of non-performing loans (NPLs) in the system. NPLs can now be traded at market price and the Vietnam Asset Management Company (VAMC) can sell bad debts to entities including those without a debt trading licence. The transfer of land use rights and ownership of assets to the buyer is also allowed in the new regulation. Shortened court procedures in dealing with collateral should also speed up the process of seizing … [Read more...] about NPL regulations are not enough
Why relationships are important
Robot revolution: why technology for older people must be designed with care and respect Nola Ries, University of Newcastle and Taro Sugihara, Okayama University Many countries around the world have ageing populations and a growing prevalence of dementia. Japan, in particular, is a “super-ageing” society, with a population getting older faster than anywhere else in the world due to long life expectancy and low birth rates. In 2015, an article in The Lancet medical journal pointed out that “Japan will be at the forefront of devising ways to tackle the social, economic, and medical challenges posed by a super-ageing society.” A high-tech innovator, the country is producing robots for people with dementia – to provide companionship, improve safety in the home, and help with therapy. Other countries are jumping on board with initiatives to incorporate service robots into dementia care. But we must make sure that people, especially those living with … [Read more...] about Robot revolution: why technology for older people must be designed with care and respect
VietNamNet Bridge – The local media has recently reported a lot of child sexual abuse, causing worry among parents. Parents may panic and seek ways to protect their children from falling into the trap of sexual abuse crime, but they seem to pay no attention to finding the cause of rape cases.Do not understand and taking liberties with the laws Defendant Nguyen Quoc Thi, 22, Hanoi, cried in the court after he was sentenced to nine years in prison on charges of raping his “child” girlfriend. Among a series of rape cases reported by the media, most of them were related to children and adolescents. The criminals are diverse, at various ages, from young to old people. In many cases, the perpetrators are acquaintances or have blood relationship with the victim. However, when the cases were discovered and brought to public trial, many criminals admitted that they did not know or understand the law. For this reason, defendant Nguyen Quoc Thi, 22, Hanoi, cried in the … [Read more...] about Why is child sexual abuse on the rise?
A worker installs machinery. Former British Prime Minister Tony Blair has urged Viet Nam to accelerate economic reforms to take advantage of global opportunities. — Photo baodautu.vn HA NOI (Biz Hub) — Economic reforms are important for Viet Nam to take advantage of global opportunities, when global economy is volatile and uncertain, former British Prime Minister Tony Blair said on October 19. The Chinese economy has slowed down, making a big impact everywhere, including commodity markets across the world, Blair said during a roundtable in Ha Noi. In Europe, the single currency crisis has not been fully resolved and the economies are growing very slowly with high levels of unemployment and significant political risks. Ever since the financial crisis began in 2008, there has been a lack of confidence in the west about whether economic policies are working. In the United States and Europe, interest rates are staying at historic lows, for a historically long period of time. … [Read more...] about Economic reforms important for Viet Nam: Blair
“Accountants today are not just book-keepers who interpret numbers,” CPA Australia Among the supporting activities for Vietnamese universities, last November, the CPA Potentiality Contest 2010 was held at the University of Economics, Ho Chi Minh City with the sponsorship of CPA Australia. On this occasion, Vietnam Business Forum had an opportunity to exchange ideas with Mr Rob Thomason, CPA Australia Executive General Manager Business Development, about the role of accountants “Accountants today are not just book-keepers who interpret numbers” - that is a his definition about this field. What do you think about Vietnamese students after this event? I am very impressed with how dynamic and enthusiastic students are here. The students I met are smart, keen and appear to be extraordinarily hard-working. The Vietnamese economy is growing strongly. The role of accountants in Vietnam is extremely important. Globalization means Vietnam has a growing need for … [Read more...] about “Accountants today are not just book-keepers who interpret numbers,” CPA Australia
When Vietnam celebrated the 1,000th anniversary of its capital city in 2010, several historical movies made for the occasion stirred nationalistic debate. One of the main criticisms was that the costumes used made the movies look Chinese. That's when Tran Quang Duc decided to research Vietnamese clothing, using his knowledge of the Chinese language to dig into Asian archives. His book, "Ngàn NÄƒm Áo Mũ" (A thousand years of caps and robes), picturing and discussing Vietnamese clothes worn by members of the royal court, the government, and common people during the feudal period between 1009 and 1945 is on bookstore shelves for the third time. The first 1,000 copies of the 398-page hardcover edition, priced at VND250,000 (US$11.77), sold out in two weeks in May and another 1,000 were published in June. The 28-year-old said he has no intention of proving the movies right or wrong or to become a consultant to future filmmaking projects; he just wanted to do something meaningful with 17 … [Read more...] about Why we wore what we did
Your say (04-07-2008) Why readers aren't overjoyed at travelling by bus inViet Nam Last week: We asked our readers about travelling by bus. This means of transportation has become more popular in Golden opportunities, but the service it supplies still has several shortcomings. With a little work, it could be a cheap and efficient means of transport in a modern society. The following are opinions on how to improve bus service in Viet Nam, so that buses can become a safe, cheap and efficient means of transport. Sherman Chau, Canadian I have experienced the rudeness of bus staff myself and seen their lackadaisical attitude. I have seen and known of many riders who have the bus doors closed on them when disembarking. Often the driver does not stop and wait for the passengers to fully disembark, and drives off while people are still getting off. Next week: The Ministry of Labour, Invalids and Social Affairs is working with relevant ministries and sectors to draft a proposal to raise … [Read more...] about Why readers aren’t overjoyed at travelling by bus inViet Nam
Etihad Airways, the national flag carrier of the United Arab Emirates (UAE), on October 2 launched daily flights to Ho Chi Minh City in an effort to facilitate growing trade and investment partnerships between Vietnam and the UAE. Peter Baumgartner, chief commercial officer of Etihad Airways, spoke to Vietnam Investment Review about the opening of the new route. * Etihad Airways is not the first airline from the Middle East to provide flights to Vietnam. Previously Qatar Airways and Emirates launched routes of their own. So what has taken Etihad Airways so long to get in on the act? Yes, we are still a young airline, but think of what we have achieved over the last ten years. This is the fastest growing airline in the global aviation industry. No currently existing airline has grown as fast in the first ten years as we have done. So if you go through the list of destinations we've launched in the first ten years, these are all first priority destinations. * What are your … [Read more...] about Why Etihad Airways wings into Ho Chi Minh City
Next week Tourism experts waxed lyrical about the financial potential of helicopter tours in Viet Nam at a conference in June, arguing that these tours would allow visitors to enjoy remote spots and discover the country in a fresh way. Helicopter travel in Viet Nam, along with other adventurous activities such as bungee jumping and rock climbing, is not currently well promoted due to high costs and extensive safety requirements. More common types of adventure travel are mountaineering, mountain biking and trekking. The best known helicopter tour in Viet Nam is organised in Ha Long Bay, the country's popular UNESCO heritage site. The fare for a 15-minute ride is reportedly about US$90. Are you interested in helicopter tours and other types of adventure travel? Have you ever tried any of these in Viet Nam? What were your experiences like? How do you think Viet Nam should promote different types of adventure travel, such as helicopter tours? Is this form of tourism popular in your … [Read more...] about Firecrackers a Tet tradition but are they too dangerous?
Focusing on the people behind the tourism numbers and maintaining an honest and open relationship with the media: these are among the main recommendations to emerge from discussions between media representatives and tourism officials attending the first UNWTO International Conference on Tourism and the Media (12-13 September, Zagreb, Croatia). Under the title ‘Tourism in the Headlines’ and in partnership with the Government of Croatia and the World Federation of Travel Journalists and Writers (FIJET), the conference aimed to analyze the relationship between tourism and the media and address why, despite being one of the world’s largest economic sectors, tourism is not sufficiently featured in the political, business or financial news. Opening the conference, Croatian Prime Minister, Jadranka Kosor, stressed the relevance of tourism as “an engine of economic growth and one of the most effective creators of new jobs,” pointing to the need to reflect this … [Read more...] about UNWTO conference forges closer relationship between tourism and the media