Small- and medium-sized enterprises (SMEs) have been highly conducive to economic development in Viet Nam as they significantly contribute to job creation, export promotion, growth generation and poverty reduction. However, despite accounting for some 98 per cent of the country’s enterprises, SMEs’ performance is still constrained by many factors, including both “internal capacity” and “unfriendly external factors”, such as shortage of qualified human resources and little access to technology, besides administrative red-tapism. Among the detrimental external factors, lack of credit accessibility is seen as the major obstacle to the sustainable development of SMEs. Therefore, one of the most important measures to support SMEs is to improve their access to credit. In an economy like Viet Nam whose financial system relies heavily on banks, access to credit is even more critical. Vo Tri Thanh In fact, Viet Nam has made great efforts in this regard, and … [Read more...] about SMEs’ access to credit: Better, but not enough
Activa vs access which is better
The People's Court of Ho Chi Minh City suspended a hearing on a dispute between Vietnam’s top taxi company Vinasun and ride-hailing firm Grab on Wednesday. The judicial panel said more evidence is needed before a final judgment can be made on the VND42 billion ($1.84 million) lawsuit filed by Vinasun. The plaintiff said that Grab signed contracts with transport cooperatives, which in turn allow the drivers to use the app, and asked for a list of those cooperatives to be provided. Grab is not allowed to directly sign contracts with individual drivers in Vietnam. At the hearing, a Grab representative said the firm has not been able to draw up a list yet, but would provide one and sample contracts at a later date. The judges said the court wants to clarify whether Grab provides an app connecting transport cooperatives or actual transport services to assess the suit in a comprehensive and objective manner. Fierce debate Lawyer Nguyen Hai Van for Vinasun said Grab had broken the … [Read more...] about Court suspends Vinasun vs Grab case as compensation battle wages on
This Saturday afternoon will be like no other in Vietnam. The national football team will be competing in the final of the Asian Football Confederation Under-23 (AFC U23) Championship, marking the first time ever a team from Southeast Asia has made it so far. Vietnamese fans started dreaming the unthinkable when the team made it to the semifinals, and many assumed it would be South Korea they'd be facing in the biggest game in the team's history. Yes, it had to be South Korea, the runner up of the AFC U23 last year. But just a few hours after Vietnam secured a ticket to the final with a dramatic win over Qatar on Tuesday, it was Uzbekistan's turn to surprise fans. It wasn't until that moment that Vietnamese fans, who had been celebrating their team's remarkable cup run that led them becoming the first in Southeast Asia along with Malaysia to reach the quarterfinals, started looking at what Uzbekistan has achieved so far in this tournament. Uzbekistan knocked out 2017 champion … [Read more...] about Vietnam vs Uzbekistan: Can will to win stun attacking intent in U23 Asian Cup final?
Cities across Vietnam are preparing for the big day tomorrow, the AFC U23 Final between Vietnam and Uzbekistan. You'll be able to watch the match live on VnExpress International, just tune in at 3 p.m. on Saturday. If you prefer to see it on the big screen, below are a number of suggestions. In Saigon, the Vietnam Football Company has asked local authorities to set up 10 giant LED screens along Nguyen Hue walking street in District 1 to broadcast the match live on January 27. Commentators will be invited to discuss the game on the spot. The Youth Cultural House HCMC at No. 4, Pham Ngoc Thach Street, District 1, will also broadcast the match live. The event is free entry. In Hanoi, 15 big screen TVs will also be set up in pedestrian zones and parks from 3 p.m. tomorrow. Check out the area around Hoan Kiem Lake, the big square in front of the Opera House, My Dinh Stadium, Hoa Binh Park, Thong Nhat Park and Ly Thai To Gardens. Depending … [Read more...] about Where to watch U23 Asian Cup Final: Vietnam vs Uzbekistan
This Saturday afternoon will be like no other in Vietnam. The national football team will be competing in the final of the Asian Football Confederation Under-23 (AFC U23) Championship, marking the first time ever a team from Southeast Asia has made it so far. Vietnamese fans started dreaming the unthinkable when the team made it to the semifinals, and many assumed it would be South Korea they'd be facing in the biggest game in the team's history. Yes, it had to be South Korea, the runner up of the AFC U23 last year. But just a few hours after Vietnam secured a ticket to the final with a dramatic win over Qatar on Tuesday, it was Uzbekistan's turn to surprise fans. It wasn't until that moment that Vietnamese fans, who had been celebrating their team's remarkable cup run that led them becoming the first in Southeast Asia along with Malaysia to reach the quarterfinals, started looking at what Uzbekistan has achieved so far in this tournament. Uzbekistan knocked out 2017 champion … [Read more...] about Vietnam vs Uzbekistan: Can will to win overcome attacking intent in mouthwatering cup final?
As the excitement builds ahead of the final of the Asian Football Confederation Under-23 Championship, all eyes are on the two title contenders, Vietnam and Uzbekistan. Neither team has ever made it beyond the group stage of the biennial championship prior to this year. Previous winners include Japan in 2016, who lost 4-0 in this year’s quarterfinals to Uzbekistan, and Iraq in 2013 (when it was the AFC U22 Cup), who lost in the quarterfinals on penalties (5-3) to none other than Vietnam. This year, both finalists lost a match in the group stage. Vietnam lost 2-1 to South Korea, but the Koreans were subsequently defeated by Uzbekistan in the semis, while Uzbekistan lost to Qatar 1-0, who then lost to Vietnam… also in the semis. As for goal stats, Uzbekistan has so far fared better than the more defensively minded Vietnam. Vietnam Uzbekistan Goals scored 7 10 Goals conceded 7 2 Top goalscorer Nguyen Quang Hai (4 goals) Jasurbek Yakhshiboev (3 goals) … [Read more...] about Vietnam vs Uzbekistan in U23 Asian Cup final: Who do you think will win?
TUOI TRE NEWS – THE NEWS GATEWAY TO VIETNAM Tuoi Tre News, an English-language publication of Tuoi Tre Newspaper, is a go-to news website for international readers, foreigners living in Vietnam, Vietnamese living abroad, entrepreneurs, and the general public – in essence, everyone interested. Tuoi Tre News offers Vietnam news in English with credible, updated information provided by Tuoi Tre Newspaper, which is among the most reputable media houses in Vietnam. … [Read more...] about Cartoon: ‘Xe om’ vs. Grabbike in Vietnam
Avaroa Cable Limited from the Cook Islands, SSCC from Samoa, Telecom Niue from Niue, and OPT from French Polynesia will jointly own and operate the Manatua cable system, which is estimated to cost USD65 million. The Government of New Zealand, Agence Française de Développement, and the European Investment Bank will finance the project alongside ADB. “Improved access to high-speed, affordable broadband internet in the Cook Islands will positively impact the tourism and public sectors as they are, by far, the biggest internet users,” said Emma Veve, Director in ADB’s Pacific Department. “The cable project will boost Cook Islands’ connectivity to the rest of the world and provide the potential for the use of information and communication technology (ICT) to better deliver government services.” “Manatua cable will definitely result in opportunities that can be harnessed through improved telecommunications connectivity,” said Mark … [Read more...] about Cook Islands invests USD15 million to improve access high-speed…
Joining Hands For Better CompetitivenessBy Dinh DungThe memorandum of understanding signed in HCM City last week marks an initial step in establishing the strategic collaboration among the four businesses to translate their dream into reality, that is to set up the first local “farm-to-table” food chain.“I cannot stand to fail my dream — the dream of building up a corporation which can transform the hard work of farmers to the quality food for everyday consumption,” Nguyen Thi Le Hong, chairwoman of Dofico, said about her vision for the Vietnamese food value chain. “This is not only my dream, it is a mission for companies in the agricultural industry,” she stressed.Hong said the business cooperation would lay the foundation for a food value chain, which takes advantage of the strong points of the four companies that are in the shortlist of 100 among 500 big local enterprises. The move is an effort to improve the quality, stabilize the food … [Read more...] about Joining Hands For Better Competitiveness
Last week, Viet Nam News invited its readers to share their reading habits in the light of the proliferation of other media. Here are some of the comments we have received. Jeffry M. Tupas, reporter at the Philippines Daily Inquirer, Davao City I love reading a lot, even in the toilet. Everything from old magazines to fiction novels appeals to me. We have many book sales here, if you are lucky you can get one for as low as 45 pesos or about a dollar. Untouched, pristine books are usually priced between 300 to 700 pesos ($7-16). What is interesting here is that there are no foreign books translated into Filipino. If you buy a foreign author, you get it in English, which explains why our English is so good. I agree that the internet has revolutionised the way we live and entertain, but it has by no means managed to completely kill off print media which still receives a lot of support. People don't always have the patience to read electronic copies and would still … [Read more...] about Reading is good for the soul, but it takes time to find out