Individuals and companies are finding it very difficult to pay rent and other expenses because of closures, Photo: Le Toan Prolonged social distancing and the sharp decline in incomes are burdening many people with active loans from banks. Nguyen Manh Ha, a marketing officer at a footwear company, said that in the past few months, he only earned 70 per cent of his previous income. Meanwhile, Ha’s wife is a trader in Phuoc Binh market in Thu Duc city, which had been closed, leaving her without an income. As a result, the couple currently cannot afford to pay their bank debt of $430 a month for an apartment in Thu Duc city. The total loan of $30,000 involves a fixed interest rate of 10.5 per cent in the first year, which will fluctuate to up to 11.5 per cent per year in the following years. “The sharp decrease in our income forced me to reserve almost all of my salary to pay the loan, and so it is hard for me to cover other expenses,” said Ha. Ha’s case is not unprecedented. …
VIETNAM BUSINESS NEWS SEPTEMBER 18
Digital transformation plays a vital role in agricultural development To achieve ambitions to become a modern-oriented industrialised nation by 2030 and a developed country with high income by 2045, Viet Nam must succeed in the digital transformation process, in which agriculture is one of the priority areas, Minister of Foreign Affairs Bui Thanh Son said. Minister Son gave the statement at the Vietnam Agricultural Digital Transformation International Forum 2021, themed “Keeping up with market trends, ensuring the pivotal role of the economy during and after the COVID-19 pandemic.” which was held virtually on Thursday by the Ministry of Foreign Affairs (MOFA), the Vietnam Digital Agriculture Association (VIDA), and e-newspaper VnExpress. The forum is a place for dialogue and public-private policy activities between the Government, private sector and stakeholders. It was also an activity within the framework of the Vietnam International Agricultural Exhibition 2021 (AgriTech Expo …
Vietnam’s military engineers active in training for coming U.N. peacekeeping mission
Political Commissar of the Engineering Corps Major General Le Xuan Cat made this statement at Engineering Brigade 229 after inspecting a training session of the Engineering Company to participate in the U.N. peacekeeping operations. During the program, the engineers practiced various contents such as building different types of bridges and roads, which are based on real missions and follow U.N. standards and requirements. In his concluding speech, General Cat underlined the Engineering Company’s training results and efforts in task performance over the past time, stating that the debut of the company is the outcome of diplomatic work at all levels, demonstrating the U.N.’s respect and appreciation for Vietnam’s achievements in the international arena, as well as the prestige of the Vietnam People's Army, in participating in U.N. peacekeeping operations. He also stressed that deploying Vietnamese engineers to a U.N. mission is a good opportunity to realize the Party’s guidance and …
Adversity brings wisdom: new business ideas arise during pandemic
T-shirts with images of personal QR Codes containing vaccination information have been launched in the market. Local newspapers report that Hanoi has asked the Ministry of Health to give guidance on allowing people who have two vaccination shots to travel. This has spawned several business ideas. Citizens may have to show their printed vaccination certificates or QR Codes certifying vaccination. If they use QR Codes, they will have to use smartphones and have their QR Codes scanned at checkpoints. To make the process convenient and time saving, personal QR Codes can be printed on T-shirts. If so, they will not have to show their smartphones to officers at checkpoints. The price of one T-shirt, including the printing fee, is VND100,000-150,000. Nguyen Truong Vu, a T-shirt seller, said that he can print the customized QR Codes. “The T-shirts help their owners scan QR Codes very quickly and conveniently. The owners don’t have to spend time to take their smartphones from …
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MDIS partners with University of Roehampton London
A class at Management Development Institute of Singapore. — VNS Photo Management Development Institute of Singapore (MDIS) has recently announced a partnership with the University of Roehampton London to offer a Bachelor of Science (Honours) in Psychological and Behavioural Science programme. The curriculum will provide students with an in-depth understanding of the five umbrellas of psychology: cognitive, clinical, social, developmental, and biological. Upon completion of the programme, students can look forward to a rewarding career in a clinical, applied, or research setting as they will be equipped with the necessary skills and a deep understanding of psychology, including critical thinking skills, and the ability to apply psychological theories and concepts in real-life scenarios that will empower their career and beyond. The MDIS’s School of Psychology also augments students’ learning and development with on-campus facilities such as a fully-equipped counselling clinic …
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