Primary school child

Deputy Minister of Labor, War Invalids, and Social Affairs Nguyen Thi Ha shared Vietnam’s plans to eradicate child labor at a conference in South Africa on Tuesday. At the fifth Global Conference on the Elimination of Child Labor in Durban, South Africa, Ha spoke about the pivotal role that childhood education plays in reducing the risk of children leaving school to find work. Currently, about 94.4 percent of Vietnamese children have access to education thanks to government policies to make primary and secondary education compulsory, eradicate illiteracy, and reduce or exempt tuition fees for poor, disabled, ethnic minority, and underprivileged children. The Vietnamese government also has policies which help these marginalized groups gain access to health insurance and other social welfare programs. Currently, Vietnam is cooperating with other entities, such as the United Nations International Children’s Emergency Fund (UNICEF) and the International Labor Organization (ILO) to … [Read more...] about Vietnam’s next steps in the fight to eradicate child labor

Principal Song Hyun-seop said Vietnamese has been included in the school’s curriculum as a second foreign language since April 2019. Explaining this decision, he said Vietnam and the RoK enjoy many historical and cultural similarities, noting that the Ly clan from the Southeast Asian nation came to his country very early, forming the first foundation for bilateral connectivity. Over the last 30 years, Korean enterprises have poured huge investment into Vietnam, which has created a large Korean community in Vietnam. In return, there are also many Vietnamese people in the RoK. Therefore, the Vietnamese language skills have become highly useful, and including it in career counselling for high school students is of great necessity for them to gain momentum for learning and future development, Song noted. With the employment of two Vietnamese-language teachers who have high capacity and deep understanding of the Korean culture, Myeonmok has held weekly meetings with all of its … [Read more...] about Vietnamese language included in Korean school’s career counseling for students

A panel discussion at the conference on strengthening ‘Public-Private Partnership for sustainable healthcare transformation’ in Hanoi on May 18. (Photo: VNA) Opening the event, the newspaper's editor-in-chief Le Trong Minh said that Vietnam's health sector faced many challenges, such as increasing infectious and non-communicable diseases, hospital overcrowding, shortage of supplies and equipment, the ageing population as well as the disparity between regions and healthcare levels in terms of quality of medical services and standardisation of modern equipment. “For the health system to be capable and always ready to respond to future situations, towards a comprehensive and sustainable health care system, it is necessary to have new investment orientations in social resources for the health system, as well as stronger cooperation from the parties involved, including the Public-Private Partnership (PPP) method,” said Minh. At the event, MPI deputy minister Tran Duy Dong said it … [Read more...] about Conference discusses Public-Private Partnerships in healthcare

The trip has contributed to promoting the relations between the Association of Southeast Asian Nations (ASEAN) and the U.S., and between Vietnam and the U.N. and the U.S., while affirming Vietnam’s role and prestige in the international arena. During his week-long stay in the U.S., the PM visited the four cities of Washington D.C, Boston, New York, and San Francisco, with more than 50 activities. He attended and delivered speeches at the summit, and met with ASEAN leaders, including his counterparts from Laos, Cambodia and Singapore, and the Indonesian President. Chinh also had meetings with U.N. Deputy Secretary-General Amina J. Mohammed, UNICEF Executive Director Catherine Russel, President of the U.N. General Assembly Abdulla Shahid and Administrator of the U.N. Development Program (UNDP) Achim Steiner. He met President Joe Biden, and received senior officials of the U.S. government such as Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, Secretary of … [Read more...] about Prime Minister Pham Minh Chinh concludes U.S. trip

Lenders reinforcing presence with bond issuance, Photo Shinhan Bank Vietnam Shinhan Bank Vietnam last week successfully issued bonds totalling VND2.8 trillion ($121.7 million), with a tenor of two years. CEO Kang Gew Won explained to VIR, “This is the first time that Shinhan Bank Vietnam has issued bonds in the Vietnamese market. This offering reinforces Shinhan Bank’s long-standing relationship with Vietnam. Our bank will use these proceeds from the bond sale to expand the bank’s credit activities, diversify its capital sources, serve its business objectives, and also ensure the bank’s long-term development.” On April 20, Shinhan Bank Vietnam also formally announced the use of the liquidity reserve ratio and net stable capital ratio in liquidity risk management, in accordance with Basel III standards. In recent times, the bank has been continuously assigned a BB rating by Standard & Poor’s, with a “Positive” outlook. Prior to Shinhan Bank, HSBC Vietnam became the … [Read more...] about Lenders reinforcing presence with bond issuance

Developers clamour for legal clarity, Illustrative image (Photo: VNA) Nguyen Manh Ha, vice chairman of the Vietnam Real Estate Association, said that tourism real estate needs to break down barriers to development as soon as possible, in order to move alongside the general economic recovery. “Currently, mechanisms and policies for resort real estate are unclear, especially in terms of new types of real estate such as condotels, officetels, and second-home villas in resorts,” Ha said. The legal framework has not kept pace with the reality of hospitality and resort real estate development, thus partly hindering the growth momentum of these types of property, Ha added. They are not given a right use certificate, known as a red book in Vietnam, because they are built on land plots permitted for developing tourism property only, and not for residential projects. Doan Van Binh, chairman of CEO Group, said that supply is scarce not only in Vietnam but worldwide due to the impact of … [Read more...] about Developers clamour for legal clarity

Kenneth Atkinson-Vice chairman, Vietnam Tourism Advisory Board However, there is no separate body of law governing condotels and in most locations where they have been constructed it is clear that such developments cannot be issued with pink books for individual units, so ownership ultimately rests with the developers, with a lease term not extending beyond 50 years (70 years can be permitted). In addition, many buyers have been lured by guaranteed returns of 8-12 per cent for the 10 years. Warnings of potential future problems sounded from 2017, but due to the cyclical nature of tourism and potential disruptions to inbound tourists, these were largely ignored and we have already seen failures of such projects like Cocobay and other developers now unable to meet their guaranteed return commitments and for certain several more to come. Now, we have around 240 tourism real estate projects and over 114,000 condotel units, and Vietnam has the largest pipeline of tourism-related … [Read more...] about Taking the right approach to the condotel legislation conundrum