Vietnam Economy Forum

[AViet]

You are Hoa Chinese, pls dont spreads South/Nord discrimination here.

It is so funny that a Hoa Chinese like me always hold ethnic Viet/Kinh very high, compared to other races, including ethnic Hoa, in any post, while you ethnic Viet are always trying to pull Vietnam and Vietnamese people down.

Could you leave the forum for a while to grow up to understand that:

- Hoa is not equal to Chinese. Similarly, an ethnic Cham is not equal to a Malaysian, and a Khmer Krom is not equal to a Cambodian.
- Many ethnic Hoa people in Vietnam have been anti-China in the past and present, and many pure Viet, like me, have been pro-China.
- Not everyone in Vietnam, especially from educated and influential families, share the same anti-China view and other shit on vnexpress.net.

Otherwise, you will never understand why despite all the rhetoric from popular Vietnamese media, like vnexpress.net or VTC, the trade volume between Vietnam and China have only increased every year.

 

[cochine]

It is so funny that a Hoa Chinese like me always hold ethnic Viet/Kinh very high, compared to other races, including ethnic Hoa, in any post, while you ethnic Viet are always trying to pull Vietnam and Vietnamese people down.

Could you leave the forum for a while to grow up to understand that:

- Hoa is not equal to Chinese. Similarly, an ethnic Cham is not equal to a Malaysian, and a Khmer Krom is not equal to a Cambodian.
- Many ethnic Hoa people in Vietnam have been anti-China in the past and present, and many pure Viet, like me, have been pro-China.
- Not everyone in Vietnam, especially from educated and influential families, share the same anti-China view and other shit on vnexpress.net.

Otherwise, you will never understand why despite all the rhetoric from popular Vietnamese media, like vnexpress.net or VTC, the trade volume between Vietnam and China have only increased every year.

what 中花 国民 (Trung Hoa Quốc dân) is written in Chinese dose means ? Hoa Chinese cannot hold Vietnamese passport with Hoa ethnicity for your ID, Hoa Chinese ís not Hoa Vietnamese.

In my comment above, I said that you are Hoa Chinese.

 

[cochine]

Our last Queen Nam Phương, she is from Mekong Dalta Tiền Giang Provice, south Vietnam.

Our VN Parlament President today, from Mekong delta too, Bến Tre Province, south Việt Nam.

Mss. Vietnam 2016 Đỗ Mỹ Linh, she ís from Hanoi

 

[cochine]

Vietnam optimistic about FDI in hi-tech sector

VietNamNet Bridge - The year 2016 has been one of the best in attracting foreign direct investment (FDI) to the high-technology sector.

Vietnam has shifted from low-value industry into a high-value one. A report showed that high-technology projects accounted for 40 percent of total registered FDI capital of $14.366 billion in the first eight months of the year.

These included the $1.5 billion project of LG Display in Hai Phong City and the $300 million R&D (research & development) Center of Samsung Electronics Vietnam.

Prof Nguyen Mai, chair of the Vietnam Association of Foreign Invested Enterprises (VAFIE), believes that after free trade agreements take effect, including the one signed with the EUand the TPP (Trans Pacific Partnership), the FDI flow to Vietnam will increase further.

Mai said the government needs to be determined not to attract FDI to the fields where production capacity is higher than demand, or fields which bring high environmental risks.

The steel and cement production capacity, for example, is high. Licensed petrochemistry and oil refinery projects also have high capacity of 40-50 million tons in total. What Vietnam needs is FDI in high-technology fields which use environment friendly technologies.

Vietnam has its big advantages and it needs to be choosier in receiving foreign investment. FDI Intelligence of The Financial Times last August released a report showing that Vietnam tops the list of 14 countries in attracting FDI.

However, many experts recently pointed out problems that hinder the attraction of FDI into the high-tech sector.

Mai, while agreeing that the problems exist, said that Vietnam still does not have a deep understanding about the world’s giant high-technology groups, each of which has its own characteristics, strategies and development path.

“Microsoft is different from Apple. The way Vietnam tries to attract Apple may not work with Microsoft,” Mai said in an interview with Doanh Nhan Sai Gon.

“The FDI from the US and the EU to Vietnam remains modest because Vietnam has been attracting FDI in a general way, which is suitable to small and medium enterprises, not to large corporations,” he said .

The expert went on to stress that high-technology does not mean using less workers. Samsung’s mobile phone factories in Bac Ninh and Thai Nguyen provinces have work done manually, but not by untrained workers.

Samsung’s factory in Bac Ninh needs only 100 hectares of land, but it employs 43,000 workers. In contrast, Formosa Ha Tinh needs 2,400 hectares of land but only uses 12,000 workers.

Kim Chi

 

[vtnsx]

In 8 years from today, Vietnam's GDP will hit $400.00 Billion USD

 

[ahojunk]

Vietnamese city eases visa policy for Chinese tourists
2016-10-12 13:58 | Xinhua | Editor: Xu Shanshan

Groups of Chinese travelers will be able to stay in Vietnam's border city of Mong Cai in Quang Ninh province for up to three days without applying for a tourist visa, according to local authorities on Wednesday.

Vietnam's northern Quang Ninh, which borders China, has eased visa requirements for Chinese citizens to encourage travelers to visit Mong Cai.

The new rule is scheduled to take effect at the beginning of 2017.

Following that, Chinese tourists in under-nine-seat passenger cars are allowed to drive back and forth between Mong Cai city and China's Dongxing city.

The pilot implementation period is from now till the end of January 11, 2017, local Lao Dong (Labor) online newspaper quoted Quang Ninh people's committee as saying.

These cars can stay in Vietnam for no more than three days for each permit. If they encounter emergency such as accidents or breakdowns, the extension time will be one more day, said local authorities, adding that the number of cars does not exceed 100 per day.

The northern border city of Mong Cai is a popular travel destination among Chinese holiday makers.

The city recorded a surge in Chinese arrivals during this year's week-long Spring Festival as welcoming about 25,000 visitors.

China is Vietnam's top source of tourists. In the first nine months this year, Vietnam welcomed nearly two million person-times of Chinese visitors, accounting for 27.36 percent of the total foreign arrivals, up 55.9 percent year-on-year, said the Vietnam National Administration of Tourism.

 

[cochine]

Another Vietnamese telco steps into 4G market
By Viettel and VinaPhone received permission to offer 4G services in October.

By Bui Hong Nhung October 18, 2016 | 06:36 pm GMT+7

Viettel, the dominant force in Vietnam’s mobile market with more than 120 million users, began a test run of the service in the southern coastal province of Vung Tau, while VinaPhone, a network operated by Vietnam Post and Telecommunications Group (VNPT), has been trialing its own services in Ho Chi Minh City and the southern resort island of Phu Quoc.

The licenses granted to the three network operators will be valid until September 2024.

Deputy Minister of Information Phan Tam said that 2016 is a “good time” to launch 4G services in Vietnam and 2017 will witness “strong development” of the technology.

The ministry has set a target of ensuring 95 percent of Vietnam’s population will have access to 3G and 4G services by 2020.

http://e.vnexpress.net/news/business/another-vietnamese-telco-steps-into-4g-market-3485729.html

 

[Viet]

more and more young Vietnamese come to Germany, to study, to work.

http://www.haz.de/Hannover/Aus-der-...neues-Projekt-mit-Pflegeschuelern-aus-Ausland

singer Y Lan sings the US national anthem in front of 35,000 San Diego fans

Vu Ha My, born and grew up in Taiwan, fluent in both Vietnamese and Chinese, came back to Vietnam in 2007.

 

[Robin Wong]

Are you saying Indonesia is safer than Vietnam? The favourite destination spot of Bali have seen bombings. But i will not post the pics here. Starting from 2002, 150 people died from night club. Than more recently,

I'm sure PH is safe. How safe is PH @Cossack25A1 ?

Bali is one of the safest places for holiday beyond all doubt. Yes, there was a bombing in some nightclubs a few years back, but this is like telling somebody to stay away from tall buildings in New York because of 9/11 - the "terrorism" has been sensationalized.. Not any country can escape from extremists (eg. Europe, America, Australia) but definitively Bali is a peaceful island. Once you arrive there you'll see how many tourists are on holiday with children also. There's not problem with thieves or other things that can ruin your vacation.

Secondly, Indonesia is not only Bali.. Our ministry of tourism is offering 10 prioritized tourism destinations known as the "10 New Balis" to boost the national tourism industry.

This year alone, Indonesia aims to attract 2 million Chinise out of 12 million foreign tourist arrivals. The number of Chinese tourists visiting the archipelago until this month exceeded Australians for the first time in history, who over the years have been ranked third after Singaporeans and Malaysians. The hospitality industry of Indonesia is booming, evidenced by the steadily increasing number of tourists each year.

I don't wanna make any comment about another country but come on you are trying way too hard. You poor misinformed man - you will not drag my country down with your ignorance.

 

[Viet]

PLEASE be advised

this thread is about VN economy. it is not about Indonesia or comparing Vietnam to Indonesia or other countries!





news of the day

the government just submits a US$66 billion initial infrastructure investment plan to the National Assembly for approval. among the items:

- 1,373 km 4-6 lanes North-South Highway, running from Ha Noi to Saigon in the east
- 1,570 km North-South high-speed railway with top speed of 350 kmh
- Long Thanh International Airport with the capacity of receiving 100 million passengers per year

besides the government seeks approval for a $480 billion plan to modernize the economy. unclear where all the money will come from, but I believe one thing is certain: HSR technology will come either from South Korea or Japan. I don´t think China HSR will be considered, unless there will be a dramatic improvement and radical change in the Sino-VN relationship.

KTX (Korea)

Shinkansen (Japan)

 

[cochine]

Last update 15:04 | 03/11/2016

52 million Vietnamese online

Fifty-four per cent of Vietnamese people, or 52 million, are already online; the fifth-largest online population in Asia-Pacific behind China, India, Japan and Indonesia, according to the small and medium enterprise (SME)-focused “Go Digital” workshop held by Google and the Vietnam Chamber of Commerce and Industry (VCCI) on November 2.

The workshop aimed at helping local SMEs get the most out of the internet for their business development. The internet has transformed many aspects of daily life in Vietnam, including the way consumers interact with businesses.

At least 43 per cent of Vietnamese shoppers said they first learned about a product they purchased via online advertising, according to the Google Consumer Barometer. With an estimated 72 per cent of Vietnamese people aged 18+ owning a smartphone (up from 55 per cent last year), the popularity of online services is largely due to mobile.

Recent research from Google and the Boston Consulting Group (BCG) noted that one reason digital is very valuable is that digital households in Vietnam account for as much as 83 per cent of the category value in everyday products like milk powder, diapers, body wash and drinking yoghurt.

Vietnam's MAC growth at 1.7 times by 2020

Source: BCG-Google Digital Consumer in Vietnam, September 2016

Secondly, digital households in Vietnam are younger, larger and more affluent than their non-connected neighbors. They are likely to be important influencers in their social circles and often the early adopters of products and services. This means they are more valuable to marketers. The research estimated that online households are 1.5 times more valuable than households that are not connected.

Online households account for almost 70 per cent of all FMCG spends in Vietnam

Source: BCG-Google Digital Consumer in Vietnam, September 2016

Thirdly, digital households in Vietnam are not restricted to urban centers. Close to half of all rural households are already online and internet penetration is growing at two to three times the pace in urban areas. This debunks a commonly held belief that digital marketing is an urban priority.

Despite the clear consumer momentum, marketers are still adapting to the shift to digital. The research estimates that total spending on digital ranges from 0 to 25 per cent across categories; around 2.5 times lower than the value contribution from consumers.

Source: BCG-Google Digital Consumer in Vietnam, September 2016

Two local SMEs shared their stories of finding success online during the workshop. Always, a health and beauty retailer and distributor, used Google’s smart, transparent ads to reach its target audience of 30+ year olds, who appreciate the finer things in life, as well as a great deal, with the company achieving a 12 per cent ROI (return on investment) across all marketing platforms and 80 per cent of its revenue came from Google AdWords.

HV Net, meanwhile, helps other businesses grow by handling their marketing and distribution so they can spend more time focusing on their core business. AdWords now makes up 65 per cent of HV Net’s marketing spend, achieving a remarkable ROI of 70 per cent, with 80 per cent of its website users coming via Google’s ads. The company started as a one-man-band but with average growth of 100 per cent for the last two years it has expanded to four offices around the country with 70 employees.

Google and VCCI shared tips and insights with Vietnam businesses that either have no online presence or are looking to take their digital presence to the next level both in Vietnam and the world. The workshop was the first step. They expect to help other companies like the two above to go global using digital tools and platforms.

Google has a suite of digital tools and products, many of which are completely free of charge and designed for businesses of any scale to succeed on mobile. These tools can help improve online discoverability and awareness all the way to managing sophisticated sales and marketing campaigns. SMEs can opt to manage themselves or get assistance from any of the 302 certified Google Partners in Vietnam.

 

[Viet]

Made-in-Vietnam MR vaccine to benefit millions of children
Update: November, 09/2016 - 09:00

POLYVAC staff work on producing a measles-rubella vaccine. — Photo courtesy of Japan International Co-operation Agency

Viet Nam News

HÀ NỘI — Việt Nam has successfully produced a combined vaccine against measles and rubella (MR) that can benefit around 1.5 million children and thousands of women preparing to get pregnant. Domestic production of this vaccine will allow for cheaper, more timely vaccinations, experts said at a conference held in the capital city yesterday.

The MR vaccine, produced by the Hà Nội-based Centre for Research and Production of Vaccines and Biologicals (POLYVAC), has received the Health Ministry’s approval of its clinical trial results, confirming safety and quality standards.

The achievement was made possible by a technology transfer project aiming to strengthen the nation’s capacity to produce MR vaccine. It was funded by the Japan International Co-operation Agency (JICA).

“Rubella has become a highly communicable disease in Việt Nam in recent years; we experienced a large nationwide rubella epidemic in 2011,” POLYVAC director Nguyễn Đăng Hiền told the media yesterday.

“The disease is specially dangerous for pregnant women as it may cause miscarriages and stillbirth. For babies, there’s the risk of congenital rubella syndrome, and they could suffer hearing loss or brain damage,” Hiền said.

Many expecting mothers in Việt Nam had to end their pregnancy during the 2011 rubella epidemic due to a shortage of imported vaccines, he added.

Seeing the urgent need for the vaccine, the Ministry of Health assigned POLYVAC, which had successfully produced the measles vaccine in 2009, to carry out a project to research and produce a combined vaccine against both measles and rubella. The project began implementation in May 2013 with an investment of JPY700 million (around US$6.7 million).

Hiền said that after receiving the Health Ministry’s approval for its clinical trial results, the centre was preparing an application for getting a product licence so that it could be used for the national expanded immunisation programme, which gives free vaccinations to Vietnamese children.

“We are still calculating the price of the vaccine, but our experience is that locally-made vaccines are always cheaper than imports,” Hiền said. With the MR vaccine, Viet Nam now has the ability to produce 11 of the 12 vaccines used in the national expanded immunisation programme.

“This is very significant because it shows that Việt Nam can take the initiative when faced with emergency situations,” Hiền said. A batch of MR vaccines can be produced in a month at home as against the six months it takes for importing it after completing due procedures.

POLYVAC plans to produce 7.5 million doses a year and with annual demand estimated at 3-4 million people a year, the centre can think of exporting it to other countries, according to Hiền. During project implementation, Kitasato Daiichi Sankyo Vaccine Co. Ltd (KDSV) sent 197 experts to Việt Nam to assist POLYVAC with technology transfer and received 36 POLYVAC staff for training in Japan.

Project director Arai Setsuo had high praise for how POLYVAC had co-ordinated and co-operated with project partners. He said the production of MR vaccine would help control measles and rubella outbreaks in Việt Nam. Iizima Makiko, an immunisation expert with the World Health Organisation (WHO), said the production of MR vaccine has been a big success.

“It is great that from now on, not only children can benefit from this locally-made vaccine but also adults, especially pregnant women,” she said.

She noted that Việt Nam was among the few countries that can produce vaccines domestically and carry out an efficient national immunisation programme. Last year, the country’s National Regulatory Authority of Vaccines was officially certified by the WHO, an important step towards exporting vaccines, she added.

Việt Nam is one of 25 countries in the world that can produce its vaccines and the fourth country in Asia which can manufacture the MR vaccine, alongside Japan, India and China.


Read more at http://vietnamnews.vn/society/34588...millions-of-children.html#t0g3xzYVBEkU4ZtX.99

 

[cochine]

Last update 11:32 | 23/11/2016



Quang Ninh’s expressway project goes to local investors

VietNamNet Bridge – Authorities in Quang Ninh Province on Monday (Nov 21) announced a domestic investor partnership to build a US$622million expressway, after rejecting a proposal to borrow money from China for the project.

The blueprint of the Van Don-Mong Cai expressway, Quang Ninh Province. — Photo Quang Ninh People’s Committee

The 90km expressway, which will run through five communes, starting from Van Don and ending at Mong Cai, will be constructed through investor partnership between Cai Mep, Thai Son, VINACONEX E&C, BRJSC12, Khanh An and Cienco1 under the build-operate-transfer (BOT) model.

The construction of the expressway is expected to cost around VND14 trillion ($622.2 million) and is to be completed in three years. It is estimated that toll will be collected for 25 years, investors said.

Quang Ninh People’s Committee chairman Nguyen Duc Long said the investors should avoid building in residential areas as much as possible. He has also asked them to come up with a “realistic” financial plan to make sure that the project’s estimated cost would not rise during the construction period.

The transport ministry had wanted to build the Van Don-Mong Cai expressway with a part of the funds coming from an ODA (Official Development Assistance) loan of VND7 trillion from China. Long had slammed the proposal and asked the ministry to hand over the project to the province.

Explaining his reluctance, Long said that taking a loan from China might have meant that there would be no choice but to use Chinese contractors. "Vietnamese contractors are capable of doing the job," he said.

 

[AViet]

And the meaning of building this expressway is to connect Hanoi and Hai Phong to China via Mong Cai bordergate, by doing so enhance our trade with China.

This way or that way, we cannot ignore the fact that China is and will be our most important partner.

By the way, I totally support to use Vietnamese contractors for the work.

 

[Viet]

Vietnam rice exporters have seen a very bad year. export shrinks to a level not seen since years. a side effect: Vietnam rice stockpiles are at 46.8 million tons. a record. considering some big countries in the region have as national rice reserves only 1 million ton rice.

http://e.vnexpress.net/news/busines...nov-rice-exports-down-25-percent-3505537.html