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Vietnam Luring Tech Companies Narrows Trade Gap: Southeast Asia

Vietnam’s cost advantage has drawn investments from U.S. and South Korean technology companies, whose exports have overtaken garments and provided a bright spot for a government struggling to revive economic growth. Intel Corp. (INTC), Samsung Electronics Co. (005930) and Jabil Circuit Inc. (JBL) are among a growing roster of companies setting up or expanding in Vietnam, spurring exports amid a global slowdown that has damped demand for goods from other Asian nations. Shipments of mobile phones and other electronics from Vietnam surged 91 percent in the first 10 months of the year to $16 billion, making them the biggest source...

Analysis – Foreign insurers enter Myanmar market with hope, caution

(Reuters) - The world's top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation's political past. Prudential Plc ( PRU.L ), AIA Group Ltd ( 1299.HK ) and Manulife Financial Corp ( MFC.TO ) are among the global insurance giants preparing to enter Myanmar as the government rolls out a framework for the sector's development with the lifting of European and U.S. sanctions. The opportunities are many. A large population, economic reforms and a natural...

An eye for an eye…

As authorities think of ways to clear the rising backlog of death-row prisoners, experts say capital punishment fails to address the crux of the problem of increasing crime...

Airlines sell tickets cautiously, Vietnamese passengers buy hesitantly

VietNamNet Bridge – Air carriers have begun selling air tickets for Tet flights, a bit later than usual. Meanwhile, passengers still keep listening to the news, not hurrying to book tickets right now. The significant fall in the number of passengers has forced domestic airlines to be very cautious when drawing up their business plans. […]

Incomplete legal framework hinders software leasing service development in Vietnam

Leasing software instead of buying software proves to be a good choice for many businesses. Therefore, experts have their reason to believe that the software leasing market would develop very strongly. However, how to collect fee from service users remains a headache to service providers. High demand, profuse supply Using leased software is clearly a wonderful method for enterprises to cut down their expenses. Instead of having to pay big money on the purchase, infrastructure setting and maintenance fee, enterprises can lease software products from solution providers and have to pay leasing fees at reasonable levels. Some companies complained that...

Vietnamese restaurants turn philanthropy into business

Among the countless street children Jimmy Pham has met over the decades, the one who comes to mind most often is a young girl whose mother slammed her head against a wall 16 years ago. “It’s Uncle Tuan!” he remembers the five-year-old greeting him on the street. The girl’s mother, who was beside her, then suggested beg for money from Pham, a stranger who lately had become a kind of casual benefactor to the local children. When the girl refused to beg, her mother punished her with a beating. The memory of that girl, and others like her, played...

Experts advise Vietnam enterprises to maintain solvency

Several experts at the Vietnam CFO Forum 2012 in HCM City on Wednesday advised local enterprises to focus on payment capability, not profitability, so as to weather the current economic woes. Speaking at “Financial Restructuring to Overcome the Crisis,” Nguyen Xuan Thanh, director of Public Policy at Fulbright Economics Teaching Programme, said that many Vietnamese enterprises at the moment are not healthy. Looking at stockpile indices and PMI (Purchasing managers’ Index), the enterprises even have suffered a sharp decline compared to previous times. Meanwhile, little capital has been pumped into the economy, as credit as of the end of September...

Vietnam Office Market Shows New Life

The legal, oil and gas sectors experienced a number of new tenants’ setting up operations and seeking office accommodation. After consecutive quarters of decline, HCM City’s office for lease market has seen signs of recovery in short term with a stable demand for Grade A space and rental levels and a slight increasing of Grade B rents. CBRE Vietnam’s director of office leasing department Greg Ohan said: “Even though demand for office space has softened in the second and third quarters, by applying flexible and effective leasing strategies, developers of key office buildings in HCM City can be relieved in...

Hanoi sets record with massive dance performance

On Sunday around 10,000 people flocked to Hanoi’s My Dinh Stadium for a community dance performance tiled “Hay Cung Hat Vang” (Let’s Sing Aloud) which was later recognized by the Vietnam Book of Records Center as the biggest dancing and singing event in the country’s history. > > Hanoi seeks record for biggest community dance performance The 4-hour event, which included not only dancing but also other kinds of street arts like football art performances, beatboxing, graffiti and parkour, aimed to celebrate the 58th anniversary of the capital’s liberation (October 10). The event also saw the participation of Katherine Muller-Marin...

HSBC cardholders flying high with Cathay Pacific promotion

** Use a HSBC Credit Card and receive up to 40 percent off Cathay Pacific flights to London, Paris, Seoul, Pusan, Sydney, Melbourne ** ** Other great deals include free round-trip tickets from Vietnam to multiple destinations in China and Hong Kong ** ** Make your dream trip come true NOW with HSBC Free interest rate card instalment plan** HSBC Bank (Vietnam) Ltd (HSBC Vietnam) has launched a fantastic new promotion for its credit cardholders in association with Cathay Pacific and continues to set the standards in privileges for its credit card customers. From now until the end of October...