Tag Archive for ‘Social’

Asia academia failing to match market

MANILA (VNS)— Asian universities and secondary schools must better align themselves with labour market so they can ensure graduates have the skills and knowledge required by employers, says a new Asian Development Bank report, Improving Transitions: From School to University to Workplace. An ADB statement about the report quotes Jouko Sarvi, Education Practice Leader in the bank’s Regional and Sustainable Development Department, as saying: “œAsia’s ability to compete in a globalized world depends on the readiness of students entering university, the employability of graduates in the labor market, and acceleration of innovation, science, and…

Vietnam National Assembly questions Cabinet Members

The National Assembly began question and answer sessions on the Government’s performance on November 12 presided by Chairman Nguyen Sinh Hung. Minister of Industry and Trade, Vu Huy Hoang, was the first to appear at the session. He was questioned by 23 deputies from 19 cities, and provinces. On measures to ease difficulties for businesses – particularly unsold inventories, t he minister confirmed that inventories are an urgent matter to be addressed. The situation has progressed thanks to the joint efforts of the business community and the Ministry’s supervision, he noted. An example from the mechanical and engineering industry was cited – the inventory index…

Vietnam Lawmakers Demand Further Spending Cuts

Profligate government to blame for Vietnam missing deficit target, not lower budget revenues Construction workers build a bridge in Hanoi. Legislators say the government should reduce unnecessary spending and save money for important infrastructure projects. Photo: Reuters Vietnamese legislators are holding the government squarely responsible for the budget deficit exceeding the annual target this year, saying the primary factor is a lack of fiscal discipline. The state budget deficit as of mid-October was estimated at VND155 trillion (US$7.4 billion) by the General Statistics Office. That is 10.7 percent higher than the target for the whole year approved by the National…

Vietnam to make IP pirates walk the plank

Vietnam is making efforts to crack down on copyrights infringements, but such piracy still persists. Samsung and Coca-Cola recently cancelled their advertising contracts with, the online news, entertainment and social network of company VNG. Both Samsung and Coca-Cola cited concerns about Zing’s use of musical works without permission. “ Corporate users of illegal software can face criminal charges and severe legal penalties. In addition, copyright owners have the rights to use different measures to protect their interests, such as filing a lawsuit” – Vu Manh Chu, director of the Copyright Office made no comment…

HCM City outlines big plan for Thu Thiem area

Ho Chi Minh City’s adjusted construction planning to 2025 has given the Thu Thiem new urban area an extremely important place in the city’s development course. The area was outlined to form part of the city’s central urban area and at the same time operate as a major economic and financial centre, which is expected […]

Vietnam Deputies Rise To Question Time

HA NOI (VNS)— With burning issues surrounding petrol problems, inventory clearances and the inundation of low-quality products in the domestic market, yesterday’s National Assembly question and answer session was a heated affair. Minister of Industry and Trade Vu Huy Hoang was the first member of the Government summoned to answer queries raised by NA deputies. Hoang admitted there are still shortcomings in market management, causing the deluge of low-quality and…

Saigon Times Foundation (STF)’s VND805 million scholarships

The Saigon Times Foundation (STF) and its sponsors handed more than 100 scholarships worth VND805 million to over 105 university students in HCMC, Binh Duong and Dalat last Friday. The scholarships were sponsored by KFC Vietnam Joint Venture Co. Ltd. (KFC), Asia Commercial Bank (ACB), Benthanh Group, Dan On Foods Company Ltd., Robert Bosch Vietnam […]

No decision on Dong Nai 6, Dong Nai 6A plants

The Ministry of Industry and Trade has recently announced that it has yet to give a decision on the Dong Nai 6 and Dong Nai 6A hydropower plants and that it will wait for an open assessment of environmental impact reports. Dong Nai Province’s authorities earlier ruled out the plants but the investor, Duc Long […]

Vietnam’s Bank Chief To Be Queried Over Irresponsible Comment

Nguyen Van Binh, governor of the State Bank of Vietnam, has received 361 requests from National Assembly delegates to make a formal explanation on Tuesday over a statement he made last week. With such number of requests, Binh is the Government member having received the most questions after stating “as the governor of the State Bank of Vietnam, I could not promise anything about the handling of non-performing loans (NPL), or bad debt,” in a National Assembly (NA) meeting…

Vietnam to raise minimum wages from July 2013

HANOI – Minimum wages will pick up by VND100,000 (US$4.8) a month from July next year following a resolution on 2013 state budget projections adopted late last week by the National Assembly. Minimum monthly salaries will be VND1.15 million (US$55), according to the resolution. Retirees and people in privileged groups will have their pensions and […]