Viet Maz

By Hung Le  &nbspAugust 18, 2019 | 11:00 am GMT+7 A man works at a mechanical factory in Hanoi. Photo by Reuters/Kham. Vietnam is reassessing its GDP methodology to meet international norms and better reflect its economic size and structure. The General Statistics Office (GSO) is carrying out the reassessment based on the methodology recommended by the United Nation’s statistics agency, which uses sources of data deemed to better reflect the performance of the economy without changing the calculation method, the government said. The GSO will review the scale of Vietnam’s GDP with the help of experts at the International Monetary Fund and United Nations, it said. "Although Vietnam’s statistics inputs have been improving, data gathered is still insufficient for accurately calculating annual GDP targets," a GSO statement, adding that development of the private sector has not been reflected fully in its statistical data. Vietnam’s statistical … [Read more...] about Vietnam to revise GDP methodology to match international norms

The center, run by Vietnam’s biggest private conglomerate Vingroup, said Saturday that candidates who are selected will be sent to train at leading flight training institutes in the U.S. and Australia, and will receive additional training at the VinAviation High-tech Human Resources Training School for 26 months. Students will graduate with CAAV (Vietnamese safety certification), FAA (U.S. certification) or EASA (EU certification) credentials, and will have the opportunity to continue their studies at a university specialized in aviation management, the Vingroup statement said. Students whose applications are accepted will also be eligible for student loans from banks of up to $50,000 per person, which can be paid off periodically once they start working. Vingroup said it may also provide grants of up to $50,000 or pay off student loan interest for disadvantaged students. "With training from leading aviation institutes in the U.S. and Australia, we aim to reduce the pilot … [Read more...] about Vingroup opens admissions to aviation school

This family-owned restaurant, in Cu wet market on Ton That Dam Street in District 1, is now run by Tran My My, 50, to whom her grandmother handed it down. Stoneware pot rice is Chuyen Ky's specialty. Photo by VnExpress/Di Vy. My said she retains her grandmother’s flavors and cooking method, putting the rice in the pot first before adding water and placing it in a multi-level cooking steamer to be cooked by the steam. This gives the rice more fragrance and the right amount of softness besides keeping it warm longer. The pots were made by a ceramic shop many years ago, and so have the traditional design. They call it chung phan, or pot rice. People from China's Guangdong Province, according to My, brought the pot rice to Saigon. A portion can come with chicken, red sausage or beef and costs VND60,000 ($2.6). The eatery is packed with customers in the afternoon. Photo by VnExpress/Di Vy. Thanh and Giang, both over 60, said they have been eating at the place since it was … [Read more...] about 70-year-old Saigon eatery serves rice in stone pots

Minh is a bridge between two communities and two cultures, because one of her main motivations in becoming a policewoman in South Korea was to help her Vietnamese brethren there. Last August, Minh became a proud member of the Jangseong County Police Department in South Jeolla Province, making her one of seven Vietnamese female police officers in South Korea. "Becoming a policewoman gives me the opportunity to help the Vietnamese community living in Korea," Minh said. At 33, Minh has accomplished a longstanding goal, overcoming considerable odds. Born and raised in Vinh Town, central Nghe An Province, Minh went to study economics at the Chosun University in South Korea after graduating from high school in Vietnam. As a student, her fluency in Korean helped her find work as an occasional interpreter for the police and residency departments, as well as a translator working on court documents in Gwangju City. The part-time jobs allowed her to meet many of her compatriots who accidentally … [Read more...] about Woman becomes cop to help Vietnamese community in South Korea

The Ministry of Industry and Trade said this in a recent document, adding that passenger car sales in the last five years have grown 30-40 percent a year. There is a rising demand among people to switch from motorbikes to cars as the country’s GDP per capita increases, it said. GDP per capita rose 8.3 percent from 2017 to $2,587 last year. However, the localization rate in the car industry remains low at 40-55 percent for trucks and buses and 7-10 percent for passenger cars, it said. As most parts produced in the country are simple with low technology and value, the local car industry lacks supply of components and has to import large volumes of car parts every year, it added. Among 1,800 car parts manufacturers in the country, only 300 are equipped to join the supply chain of multinationals, it said. A weak-performing support industry has made Vietnam’s automobile production costs higher than those of imported ones from other ASEAN countries from 10-20 percent. This is why … [Read more...] about Annual car sales to reach a million in 2025

By Dat Nguyen  &nbspAugust 17, 2019 | 04:00 pm GMT+7 A cable fault in the BMW 3 Series sedan could lead to overheating. Photo by Shutterstock/VanderWolf Images. Leading Vietnamese auto firm THACO is recalling 885 BMW sedans with faults in air-conditioning fans which could lead to overheating. A statement from Vietnam Register says that the recall, which applies to the  imported BMW 3-Series E90/E93, relates to a cable that connects with the blower fan, which has been found to change color or break, revealing the iron cord inside. This could lead to overheating and short circuits. These cars had been distributed by Euro Auto, the previous importer of BWM cars in Vietnam, which have stopped operating due to legal issues. As THACO started distributing BMW cars since January 2018, it is now responsible for the recall. THACO will replace the malfunctioning part free of costs at its two BWM showrooms in Hanoi and one in Ho Chi Minh City starting August 15 for a … [Read more...] about THACO recalls BMW cars with air-conditioning fan faults