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