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The remainder of 2019 will be key for Vietnam to avail of longer-term investment possibilities, Photo: Le Toan Warrick Cleine, chairman and CEO of KPMG Vietnam, told VIR that they have seen tremendous ­confidence in Vietnam from large ­investors, especially from the likes of Japan, South Korea, and Singapore. The trend has expanded from the ­acquisition of 100 per cent or control of Vietnamese companies, such as the Sabeco deal from Thailand, to minority or strategic investments in large Vietnamese companies. These are often institutional investors, and their decisions reflect confidence in Vietnam’s overall macroeconomic and geopolitical state, and the management teams and business models of the specific companies. “Provided the global economy remains strong and Vietnam ­maintains its reform orientation, there is no reason investors will not continue to have the confidence to invest in Vietnam,” Cleine stressed. KPMG in particular expects to … [Read more...] about Investors step up M&A movements

Malaysian Prime Minister Mahathir Mohamad (Photo: Xinhua/VNA) Kuala Lumpur (VNA) - Malaysia will go ahead with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Malaysian Prime Minister Mahathir Mohamad. PM Mahathir reaffirmed Malaysia’s commitment to the CPTPP involving 11 nations in a recent interview with a Thai television. He said after the US pullout from the CPTPP, the condition which allows companies to sue governments is no longer something Malaysia needs to fear. Also, there is less overwhelming dominance of the US over the other countries. "The previous government had already signed to become a member. We can't withdraw without losing credibility, so we will have to go ahead with the CPTPP," he said. In an immediate response, an official said PM Mahathir's reply was a long-awaited reaffirmation of Malaysia's commitment to the CPTPP and it will clarify Malaysia's trade policy under the Pakatan Harapan government. Malaysia … [Read more...] about Malaysian PM reaffirms commitment to CPTPP

A young Vietnamese girl has defied her visual impairment to win a valuable scholarship to one of Ho Chi Minh City’s top international universities. Nguyen Thanh Vinh received a scholarship worth nearly VND1 billion (US$43,000) for a three-year bachelor’s degree at District 7-based RMIT University Vietnam, where all subjects are taught in English with no assistants or translations. Vinh was born without sight in Ninh Thuan Province in south-central Vietnam, a mountainous area with no schools or opportunities for the disabled. Even though she has never seen her surroundings, Vinh’s love for life is infectious. Her passion, desire, and determination have allowed her to overcome everything the world has thrown her way in order to earn this year’s only scholarship awarded by the Australian university. Inspiring others Vinh’s mother passed away when she was still a child.  Her father, who is also visually impaired, works as farmer to make ends meet for her … [Read more...] about Blind student receives full scholarship to RMIT University Vietnam

  Deborah Greenfield, Deputy Director-General for Policy at the International Labour Organisation (ILO). Deborah Greenfield, Deputy Director-General for Policy at the International Labour Organisation, spoke to Viet Nam News reporter Thu Vân about the Vietnamese Government's efforts to change its labour laws in line with requirements on labour rights in free trade agreements it has recently ratified, like the CPTPP and the EVFTA, as well as the challenges ahead in the world of work.  Việt Nam has recently ratified the CPTPP and signed the EVFTA, and these two trade agreements include provisions on labour rights and require the country to make certain changes to its labour laws. Việt Nam has made changes to its labour code, ratified the ILO Convention 98 and plans to ratify Convention 87 on the freedom of association by 2023. How do you evaluate such efforts by the … [Read more...] about Việt Nam making strides in workers’ rights