At the Youth Entrepreneurship Forum 2018 last month, Minister of Information and Communication Nguyen Manh Hung suggested that the Prime Minister should soon recognize English as the second official language of Vietnam to help startups reach out to the world. The proposal stirred a heated discussion on social media and prompted numerous professionals to pitch in with their views and opinions. While some welcomed the idea and supported widespread use of the language in Vietnam, others were wary of the cultural, legal and other implications of formalizing it as an official language. Everyone agreed that it was good to improve English use and fluency in the country, so the debate boiled down to whether declaring and using it as an official language was a feasible, practical option for Vietnam. Professor Chung Hoang Chuong, who has juggled teaching at the University of California and doing research in Vietnam, was optimistic about Vietnam having two official languages. Chuong, currently a … [Read more...] about English as an official language in Vietnam: would it work?
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Pursuant to regulations on the National External Information Service Awards 2018, the Council for National External Information Service Awards in 2018 calls for submissions from media and publishing agencies, Vietnamese and foreigners. I. AWARDING CRITERIA: 1. Content: The entries must be timely, unbiased, standardised and scientific; influential nationally and internationally; and appreciated by the public. Submitted works must contribute to Vietnam’s external information service in at least one of the following four ways: - Give accurate, timely and vivid information of domestic reality, the Party’s guidelines, the State’s policies, law and the Vietnamese stance on regional and international issues; reflecting the country’s achievements during the cause of national reform, stability, development and international integration. - Promote a positive image of the country as well as Vietnamese culture, history and people to the world; counter fabricated … [Read more...] about ANNOUNCEMENT: National External Information Service Awards 2018
Mai Linh launches cooperative to attract idle cars Mai Linh Group on November 15 will officially introduce and start the operation of Hoa Binh Xanh Taxi Cooperative in HCMC, which will call for the participation of owners of idle cars. According to the group’s press release, the cooperative is expected to offer more choices to the group’s customers. Early joiners of Hoa Binh Xanh Cooperative will be exempt from the management fee until December 31. They will also receive a uniform, free training courses and practicing certificates. After that, they will have to pay the management fee of only 13.9% of revenues for the duration of their contracts. Hoa Binh Xanh Cooperative will share Mai Linh’s taxi booking app and use call center 1055. The cooperative’s taxicabs will not be forced to have bright colors or be repainted in green, the traditional color of Mai Linh. However, they will have a lightbox highlighting the word “Taxi,” the Hoa Binh Xanh logo … [Read more...] about BUSINESS NEWS IN BRIEF 15/11
FDI in Vietnam according to pundits, illustration photo Shim Won Hwan - President, Samsung Vietnam In 2008, Samsung began the construction of the Samsung Electronics Vietnam (SEV) factory in Bac Ninh. This was the first project of Samsung’s grand investment plan to turn Vietnam into the corporation’s global manufacturing hub. After 10 years, going from the initial investment of $670 million for the SEV factory, Samsung is currently the top foreign investor in Vietnam with the total investment of $17.3 billion, with six factories in Bac Ninh, Thai Nguyen, and Ho Chi Minh City, creating 160,000 jobs. By June 2018, Samsung had produced one billion hi-tech mobile products in Vietnam, including smartphones, tablets, smart watches, and feature phones. In the future, Samsung will work towards maintaining our growth in Vietnam and contributing to the country’s total export turnover as well as developing the Vietnamese economy. We also plan to start producing 5G network … [Read more...] about FDI in Vietnam according to pundits
VinaCapital officially ends investment in poultry firm Ba Huan Ba Huan JSC, the country's leading pasteurized eggs and poultry meat producer, has decreased its charter capital from VND280 billion (US$12 million) to VND222 billion (US$9.53 million), effectively ending the involvement of VinaCapital, one of the two largest asset management firms in Vietnam, with the company. This results in an increase in the stake holding of domestic shareholders from 66.2% to 83.6%, of which Ba Huan's Director Pham Thi Huan owns 64%. In Feburary, VinaCapital`s flagship fund Vietnam Opportunity Fund (VOF) invested US$32.5 million to acquire a significant minority stake in Ba Huan. However, in early July, Ba Huan sought Prime Minister Nguyen Xuan Phuc's intervention in terminating its partnership with VinaCapital. The firm said there were differences between the English and Vietnamese versions of the agreement and the terms were not what the two parties had agreed initially. Among … [Read more...] about BUSINESS NEWS IN BRIEF 10/10