The Vietnam News Agency (VNA) and the Vietnam Posts and Telecommunications Group (VNPT) signed a cooperation agreement on June 24, in a move to create a strategic partnership for mutual development. Under the terms of the agreement, VNPT will supply high-quality, reasonably priced telecom services and information technology to upgrade VNA’s technical infrastructure. VNPT will also help VNA deliver news briefs to mobile phone users through VNPT’s subsidiary companies, Mobifone and VinaPhone. In return, VNA will promote and advertise VNPT’s brand name and services through its media channels. The two sides also pledged to work together to launch new services via the telecom networks and the internet, and to build a national news database. Speaking at the signing ceremony, VNA General Director Tran Mai Huong emphasised the need for VNA-VNPT cooperation, saying it is a natural link between the press and modern electronic media. With this deal, the two sides will … [Read more...] about Vietnam News Agency partners with telecom group
News brief
Sports ministry official absent at news briefing
Sports ministry official absent at news briefing Tu Hoang and Lan Nhi By Tu Hoang and Lan Nhi - The Saigon Times Daily HANOI - A representative of the Ministry of Culture, Sports and Tourism did not show up at a news briefing held on April 1 after the Government's regular meeting as public concerns are mounting over a patchy plan to host the Asian Games 18 in 2019 (Asiad 18). The media asked so many questions about Asiad that Minister and Head of the Government Office Nguyen Van Nen called for a stoppage of discussion about this. Nen, however, said, "This morning the Prime Minister assigned the Minister of Culture, Sports and Tourism to report on the matter at a meeting slated for next week so that the Prime Minister can decide. "We can believe that the Prime Minister will certainly make an appropriate conclusion." At the Government meeting on April 1 morning, Prime Minister Nguyen Tan Dung reproached the sports ministry for failure to inform him of the Asiad hosting plan. "I … [Read more...] about Sports ministry official absent at news briefing
Social News 19/9
Tougher administrative punishments for flood prevention and control violators The Government has released Decree 104/2017/ND-CP on sanctioning of administrative violations in the operation and protection of irrigation works; dykes; and flood and storm prevention and control. The new decree regulates violation behaviors, forms of sanctions, rates of sanctions, remedial measures on administrative violations; punishment authority. Depending on nature, levels of violation, individuals or organizations will be imposed supplementary punishments including withdrawal of business licenses in limited time; seizure of exhibits and means of administrative violation. In addition, violating organizations will be forced to restore initial situation; dismount violation projects; tackle water pollution. Sanctions on administrative infringements will be applied from VND 50 million for natural disaster prevention … [Read more...] about Social News 19/9
BUSINESS IN BRIEF 30/6
Hi-tech support industry: high demand, limited supply Companies in the Saigon Hi-Tech Park are in high demand of domestically made support components however local firms have been unable to meet the demand. Domestic firms can supply simple components like packing and plastic trays while complex parts of machines which require high accuracy are severely short, said Le Bich Loan, deputy head of the park. The US Intel Group built their largest chip plant worth US$1 billion in the park in 2010. Domestic firms provide only 10 percent of the plant’s component demand in 2013. The number of Vietnamese companies able to meet Intel’s requirements is too limited, said its representative. According to a survey of Japan External Trade Organization (JETRO), domestic suppliers can supply less than 32 percent of support components for companies from Japan who is the largest foreign investor in Vietnam in 2013. The country’s Foreign Direct Investment reached US$22.4 billion last … [Read more...] about BUSINESS IN BRIEF 30/6
BUSINESS IN BRIEF 1/6
S Korea-Mekong links grow Viet Nam has been actively co-operating with countries in Greater Mekong Sub-region (GMS) to develop East-West Economic Corridor, Southern Economic Corridor and others. Deputy Minister of Foreign Affairs of Viet Nam, Bui Thanh Son made the statement at the second Mekong-South Korea Business Forum held in Ha Noi yesterday. Son hailed the participation of South Korean businesses in promoting Mekong-South Korea economic cooperation and narrowing the development gap in ASEAN. He stated that the organisation of the forum has not only been an evidence for Vietnamese government's commitments in Mekong-South Korea co-operation but also will create favourable conditions for the effective growth of businesses. He affirmed that Viet Nam has highly valued the co-operation of the region in its development and international integration strategy and completing 14 bilateral Free Trade Agreements in the period 2015-20. Speaking at the forum, Cho Tae-yong, vice foreign … [Read more...] about BUSINESS IN BRIEF 1/6