Farmers invent cable car to carry custard apples from mountains

The second session of M&A Forum 2017 titled “M&A Opportunities from the Perspective of International Investors” has presented an in-depth analysis of specific market opportunities and forecasts coming capital inflows that could potentially heat up the market. RELATED CONTENTS: Legal reforms to push M&A market forward Vietnam M&A Forum 2017 underway Minister of Planning and Investment to open Vietnam M&A Forum 2017 Asian investors control M&A activities in Vietnam Vietnam M&A Forum 2017 coming in August Senior leaders from leading foreign and domestic corporations also shared specific issues in the M&A marketplace and gave advice to aspiring M&A participants. The hot topic in this session is centering around real estate M&A as the market is entering a new cycle of development. Masataka Sam Yoshida, senior managing director of Recof Corporation, said that Japanese investors began to be keen on the Vietnamese real estate market in 2015, especially in the high-end residential, commercial, and hotel sectors. Chu Chee Kwang, general director of Nam Long Group, shared that Nam Long, Vietnam’s leading real estate developer, has teamed up with Japan’s Nishi Nippon Railroad and Hankyu Realty to develop several real estate projects in Vietnam. Japanese investors are very careful, so they want to invest in projects with completed site clearance and full legal status. The speakers also discussed the…... [read more]

Vietnam M&A Forum 2017 has opened this afternoon in Ho Chi Minh City, promising lively discussions on the next breakthrough opportunities.  Le Trong Minh, editor-in-chief of VIR and head of the Organising Board, expressed his hope that the forum would contribute to the development of the Vietnamese M&A market, helping restructuring and increase the competitiveness of businesses in Vietnam. M& A Vietnam 2017 is now taking place at GEM Centre, District 1, Ho Chi Minh City. Co-organised annually by VIR and AVM Vietnam under the auspices of the Ministry of Planning and Investment, the Vietnam M&A Forum has been a major event in the M&A market in the past nine years. The theme of this year’s edition is Seeking a big push, as new challenges in 2017 may prevent the Vietnamese M&A market from reaching the $5-billion mark in deal value. A strong initiative is necessary to boost the quantity and quality of M&A deals. The forum this year has attracted 20 speakers and 500 senior leaders of government agencies, investment funds, and leading corporates from Vietnam and overseas.   In his opening speech, Minister of Planning and Investment Nguyen Chi Dung noted that the Ministry leaders highly appreciate the contribution that Vietnam M&A 2017 has made in the last nine years. This is particularly timely, as more state-owned enterprises become equitised and state divestments are getting stronger. Minister Dung said that the forum has promoted foreign investment in Vietnam through M&A, connected investment…... [read more]

VietNamNet Bridge – On the sidelines of the recently concluded Graduate Fashion Week that featured 21 collections by students of the Ha Noi-based London College for Design & Fashion (LCDF), Le Huong spoke with UK-based educational consultant Douglas G.M MacLennan, who has worked with the college for many years. All in the cards: From the "Mysterious Tarot by Nguyen Cam Nhung, which uses a combination of pleating, beading, printing and embroidery onto corsets, capes and skirts.  Can you give us a brief history of fashion training in the UK? Fashion was introduced into the UK higher Education system in 1932, initially directed by Fine Artists or “Embroidresses”. Until the early 1960’s, designers trained by the early UK Fashion educational system experienced initial resistance to being accepted by the commercial fashion industry, as they were either artists who could draw delightful pictures, but who did not know how to realise them, or technologists who could construct clothing, but who were not aesthetically sensitive to future design trends. Expert: Douglas MacLennan, an education consultant from the UK. -- Photo Le Huong/VNS This gradually changed with the appointment of successful graduate practitioners of fashion to direct UK Higher Education in Fashion. They re-structured the curricula based on their working experience to focus on easing the transition of the student into the fashion workplace as a functioning designer, removing any topic that was superfluous or did not assist the student in being able to command respect. Fashion training is now acknowledged as being the…... [read more]

Born into a family with a four-generation tradition of martial arts in Lam Dong, seven-time world champion Nguyen Tran Duy Nhat has been called “The loner who seeks defeat” in Muay Thai. Nhat shares with Bui Quynh Hoa his passion for the sport and his strong desire to secure a victory for the country at the upcoming SEA Games 29 in Malaysia. The champ: Seven-time world champion Nguyen Tran Duy Nhat.  Photo Tell us about your journey in Muay Thai? Born into a family with a great tradition of martial arts, I befriended the sport at a very young age, when I was about six. My parents, who were famous Vietnamese fighters in the 80s, inspired and awoke my passion for martial arts. I moved from the Central Highlands province of Lam Dong to HCM City to study at the HCM City University of Sport in 2007 and started getting into Muay Thai in 2008. I became part of the national Muay Thai team one year later. Your parents supported you to take part in Muay Thai, didn’t they? Although I chose Muay Thai, which is a martial art from Thailand, and not from Viet Nam, I received great support from my parents. They allowed me to freely decide which discipline I wanted to follow, at the same time reminding me martial arts is not about fighting, but a lesson in manners and behaviour. What is your medal collection like? Since 2010 I’ve won seven times at the Amateur…... [read more]

In his opening remarks, Philippine Foreign Affairs Secretary Alan Peter Cayetano said the ministers will discuss regional progresses in implementing important initiatives as well as future orientations for building the ASEAN Community, realizing the ASEAN Political-Security Community Blueprint 2025, and preparation for the 31st ASEAN Summit and related meetings in November this year. Foreign ministers posing for a photo at the opening ceremony.  They will also exchange views on regional and global issues of mutual concern such as the East Sea (South China Sea), the Korean Peninsula, anti-terrorism and extremism fight, navigation security and other non-traditional security matters. At a plenary session, the FMs will have an in-depth discussion on working groups’ meetings with 17 dialogue countries, including the US, Russia, Japan and China. Such issues as the denuclearization of the Korean Peninsula and settlement of territorial disputes in the East Sea, terrorism, violent extremism, and cross-border crimes are expected to be deliberated at the event. The ASEAN Intergovernmental Commission on Human Rights will update the FMs on the human rights situation so as to help them devise measures to promote and protect human rights in ASEAN based on the commission’s Terms of Reference and ASEAN Human Rights Declaration. The AMM 50 and related meetings will run until August 8. On August 7, foreign ministers of ASEAN and 17 dialogue partners are scheduled to meet at the ASEAN Regional Forum (ARF) – an important multilateral security dialogue – to…... [read more]

Liberal arts education has flexible training curricula, encourages interdisciplinary subjects, provides in-depth knowledge and helps students develop skills to adapt to various working environment. (Source: ​Business Insider)   HCM City (VNA) – Core ideas of the US liberal arts education, which promotes students’ independent brainwave and creates foundation for students to develop communication and study skills, were introduced at a workshop held by the Ho Chi Minh City Union of Friendship Organisations (HUFO) on August 4. The event showed Vietnam-US relations from education angle, HUFO Chairman Huynh Minh Thien said in his remarks at the event, highlighting that education plays a significant role in the bilateral relations. The Vietnam-US Friendship Association has served as an effective bridge to encourage the excellent quality of the US and Vietnamese education models, he added. Lauded the association’s efforts to promote cultural and education links between the two countries, US Consul General in Ho Chi Minh City Mary Tarnowka said that the US is proud to be a partner of Vietnam in education development and improvement process. She underlined that education has been among top priorities of the US diplomatic mission in Vietnam in efforts to support projects on improving Vietnamese youths’ studying opportunities so that they can enter a competitive global market environment which requires high-quality workforce. At the event, Professor Vu Duc Vuong from Hoa Sen University, PhD Tran Xuan Thao from Van Lang University, President of Fulbright University Vietnam Dam Bich Thuy and Adafin CEO…... [read more]

While vowing to continue removing all business roadblocks and facilitate private enterprises to further engage in existing state-controlled economic sectors, the government has reaffirmed its set target of 6.7 per cent GDP growth this year. Reacting to positive developments in the private sector, PM Nguyen Xuan Phuc reaffirmed the growth target for the year RELATED CONTENTS: CEO Confidence Index below expectations Second Vietnam Private Sector Forum to take place tomorrow Calls for 6 more countries to access visa exemptions Tourism forum to raise issues of concern On August 3, Prime Minister Nguyen Xuan Phuc reaffirmed the government cabinet meeting that the government will remove all impediments and prejudice against private firms and that “All efforts must be made to hit the target of 6.7 per cent this year.” The government estimated that the agricultural, industrial-construction, and commercial-services sectors are expected to grow by 3.05, 7.91, and 7.19 per cent, respectively, in 2017. “The Vietnamese investment climate has been significantly improved and investors and enterprises are more confident,” Phuc added. At the the second Vietnam Private Sector Forum 2017 in Hanoi earlier this week, chaired by the prime minister and attended by representatives of about 1,000 private firms in Vietnam, an on-site survey was conducted about firms’ confidence in Vietnam’s economic prospects. Results showed…... [read more]

Viet Nam has become known for its remarkable feat in becoming an agricultural powerhouse in a relatively short time, but it seems that the benefits accrued to farmers are not commensurate with the country’s comparative advantages and efforts. Ba Vi Hightech dairy farm in Ba Vi District, Ha Noi.  Far reaching agricultural reforms over the past 30 years have provided farmers with ‘catalysts’ and motives to produce and earn their living in a market-driven, open economy, becoming self-reliant in the process. These reforms have enabled significant achievements in export, food security and poverty reduction. However, recent studies have shown that agricultural growth has been slowing down and that added value created in the sector as well as benefits to farmers do not match the efforts made. About 24 million workers, i.e. 25 per cent of the country’s population or about 45 per cent of the country’s labour force, are engaged in agricultural production, but the sector has only contributed roughly 17 per cent of the nation’s gross domestic product (GDP) and this has been decreasing for many years now. The number of agricultural businesses makes up less than 1 per cent of total businesses in Viet Nam (4,000 out of 420,000 businesses nationwide). Loans provided to agricultural businesses also account for just 10 per cent of total outstanding loans in the banking system. These figures show agriculture has become significantly less attractive for investment. While the gap between the current status of agricultural production and the new requirements for development…... [read more]

The second Vietnam Private Sector Forum (VPSF), chaired by Prime Minister Nguyen Xuan Phuc, is scheduled to be held on July 31 at Melia Hanoi. The first Vietnam Private Sector Forum in 2016 With the theme “From the Party Central Committee's Resolution 5 to the Action Programme of the Private Sector in Vietnam,” the forum will focus on discussions and dialogue between the government and the private sector in three key areas: agriculture, tourism, and the digital economy. Besides, trade facilitation, which is considered essential to the development of economic sectors, will be an important topic for discussion. In the framework of the forum, the signing ceremony of a memorandum of understanding (MoU) between the Vietnam Young Entrepreneurs’ Association (VYEA) and the Mekong Business Initiative (MBI) will be held to co-operate to develop the forum in the upcoming years. After the forum, the organisation board will publish VPSF’s White Book in August. This year the forum will welcome 1,000 delegates, representing the government, ministries, departments, leaders of cities and provinces, international organisations, and business associations, as well as economic experts and numerous CEOs from Vietnamese and foreign enterprises. VPSF is an initiative of VYEA and MBI, funded by the Asian Development Bank (ADB) and the Australian Government. The forum is considered a bridge between the government, public authorities, and the private sector for continuous and close consultation on public and private…... [read more]

Thanks to the interaction between the two ways, the Renewal process has been implemented without any “disputes” and “shocks” generated by too hard policies and voluntary macro-adjustment measures from the leadership like in several other countries. This is a distinctive characteristic of Vietnam’s Renewal process. Unlike the former Soviet Union and East European countries, renewal in Vietnam stemmed from economic requirements rather than the consequences of political changes. At the beginning, the Communist Party of Vietnam identified that renewal does not mean abolishing socialism, but creating conditions for socialism to perfect itself given the country’s historical and social characteristics and requirements to renew theoretical thinking on socialism and the path to socialism in Vietnam. Renewal in Vietnam is not a process that stereotypes a model of a certain country. It is a process that replaces elements of the old model with a new one suitable according to the specific characteristics of Vietnam. The notable characteristic of the Renewal process in Vietnam is that the country considers socio-political stability the prerequisite for the renewal cause, which eventually creates new stability. Documents presented at the 6th National Party Congress in 1986 stressed: “We must carry out renewal, first in our thinking.” To do this, the Congress pointed out: “The Conservatism and inactiveness in the old concepts are big obstacles, particularly for those who promote individualism and conservatism in their minds. It is necessary to create favourable social conditions for a renewal of thinking and democratic atmosphere in society, particularly in Party organisation…... [read more]

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