Electricity industry locked in high fund demandBy Ngoc Lan - The Saigon Times DailyHANOI – Attracting investment remains a big challenge for the local electricity industry in the long term as the sector needs up to US$80 billion to develop power supply and the grid during the 2006-2025 period, said the Ministry of Industry and Trade.The ministry presented at a conference in Hanoi on Thursday two scenarios for power development, with the basic Tran Viet Ngai, chairman of the Vietnam Energy Association, told the international conference that “we are short of capital and foreign investment is an unavoidable solution to develop the power sector.” That will be a high hurdle to jump, given the current tempo of attracting investment into the sector, according to Ngai.Ngai calculated that the electricity sector would require US$4 billion each year during the nearly 20 years. This is extremely difficult for the industry to compete for such a high amount of investment, when … [Read more...] about Electricity industry locked in high fund demand
Oakley industrial m frame
Household appliance industry worth 13 billion USD
The household appliance industry in Vietnam has great potential, but fierce competition is expected to occur among producers, distributors and retailers (Photo: vietnamnet.vn) HCM City (VNA) - The household appliance industry in Vietnam has great potential, but fierce competition is expected to occur among producers, distributors and retailers. According to the Ministry of Industry and Trade, spending for household appliances is estimated to take 9 percent of total private spending. The industry ranks fourth of 11 major commodities, with yearly turnover of 12.5 – 13 billion USD and annual growth of 10 percent. The ministry expects that a big proportion of young people will lead to a strong rise in purchase of household appliances. The spending from consumers aged 18 – 45 represents 57 – 60 percent of total market, the ministry said. At the same time, per capita income is over 2,000 USD per year, and demand for quality and models has also increased. … [Read more...] about Household appliance industry worth 13 billion USD
Household appliance industry worth $13b
The household appliance industry in Viet Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers.— Photo vietnamnet.vn The household appliance industry in Viet Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers. According to the Ministry of Industry and Trade, spending for household appliances is estimated to take 9 per cent of total private spending. The industry ranks fourth of 11 major commodities, with yearly turnover of US$12.5 – 13 billion and annual growth of 10 per cent. The ministry expects that a big proportion of young people will lead to a strong rise in purchase of household appliances. The spending from consumers aged 18 – 45 represents 57 – 60 per cent of total market, the ministry said. At the same time, per capita income is over $2,000 per year, and demand for quality and models has also increased. Furthermore, more people are … [Read more...] about Household appliance industry worth $13b
We have to prepare our youth for Industry 4.0
Hoàng Nam Tiến, FPT Software Chairman, tells Trí Thức Trẻ (Young Intellectual) that Vietnamese universities can’t lose time in training students for the fourth industrial revolution (Industry 4.0). The Fourth Industrial Revolution has become a common utterance in Việt Nam. As the President of the country’s biggest software company, what do you think are its implications for the country? FPT was one of the first companies to have nurtured the idea of bringing Industry 4.0 to Việt Nam. I’m very happy that when we talked about it to Party and Government leaders, they all acknowledged that it would present both opportunities and challenges. A short time later, the Central Economic Commission organised a workshop on it, making it a daily topic for Vietnamese enterprises. If we look back at previous industrial revolutions, they had the common objective of improving labour productivity. In other words, new production methods were … [Read more...] about We have to prepare our youth for Industry 4.0
The conference “the development strategic planning frame of cultural industries in Vietnam”
(Cinet) – Within two days July 13, 14, in Hanoi, the MOCST cooperted with the ambassador of Denmark in Hanoi and the British Council to hold the conference “the development strategic plan frame of cultural industries in Vietnam” in the project frame “dialogues between the managers and making cultural policies” donated by Denmark. The Deputy Minister Ho Anh Tuan attended the conference and made a speech to open the conference. Speaking at the conference, the Deputy Minister Ho Anh Tuan confirmed: Creativity industries in general and cultural industries in particular have the ongoing important role in the modern economy of the post industry. The growth speed of these fields are higher than the medium growth of the whole national economy, contributing considerably to creating jobs. At the meeting in the morning, the Associate professor, doctor, Luong Hong Quang, the deputy director of the Arts and Culture Institute (the MOCST) presented the report “ … [Read more...] about The conference “the development strategic planning frame of cultural industries in Vietnam”
Vietnam’s move industry wanting talent
The country’s movie industry has to make a choice: look at itself honestly to seek a way for development or be drowned by a wave of foreign films. The Vietnam Cinema Agency’s vice chief Le Ngoc Minh and director Bui Thac Chuyen talk about this.Vietnam produced merely six feature movies in 2008. What do you think about this fact?Le Ngoc Minh: Six big-screen films is too modest but more films will be produced in 2009. However, even if 15-20 movies are made this year, the number is too small for a market of over 80 million people, including 15 million in cities. Vietnam’s movie industry has been in this situation for 10-15 years. The reasons have been analysed by many experts already.At present, nearly 100% of staff of the movie industry is involved in television film projects. A quite experienced director can earn several hundred million dong a year if he produces two television films. That director can earn VND50 million ($2,900) from a feature film and every 2-3 years … [Read more...] about Vietnam’s move industry wanting talent
The conference on cultural industry in Vietnam
(Cinet)- Within two days 13th and 14th May 2010, in Hanoi, the MOCST and ambassador of Denmark in Hanoi once again cooperates to hold the conference with the topic: “ cultural industry: the role of economy and the policy frame being suitable for developing cultural industry in Vietnam.” Speaking at opening the conference, the deputy Minister Nguyen Danh Thai said that: after over 20 years of implementing the comprehensive renovation policy of the country, the economy with many components in Vietnam has had many changes and developed basically and strongly. During the renovation process, cultural policies of Vietnam also have had adjustments to be suitable accordingly. The State of Vietnam has worked out policies and solutions to build up and develop culture of Vietnam to be advanced and full of national characters during the global integration and diversifying cultures among continents… According to the ambassador … [Read more...] about The conference on cultural industry in Vietnam
The consulting conference on the supervision and assessment frame of implementing the law on prevention and anti family violence
(Cinet)- Within two days 9 and 10 September, in Hue city, the MOCST already held the consulting conference on the supervision and assessment frame of implementing the law on prevention and anti family violence. The conference is located in frame of the cooperation program between the Government of Vietnam and the United Nation about sexual equality. At the conference, representatives worked out many opinions about achieved results and inadequacies in the activity of prevention and anti violence currently. Besides, representatives also worked out assessments on the current tool about the supervision and assessment of the implementation of the prevention and anti family violence. According to the Professor, Doctor Nguyen Huu Minh, the project expert, Vietnam has made many efforts to prevent and combat actions of family violence. In the role of the state management on the prevention and anti family violence, the MOCST is now having a plan to set up a … [Read more...] about The consulting conference on the supervision and assessment frame of implementing the law on prevention and anti family violence
Training to build up the training program attached to using labors of tourism industry
(Cinet) - Within the days (from 1 – 3 December), in Hue city, the MOCST already held the training course about the tourism training program with the real condition of labor of tourism industry. Attending the training course including managers, lecturers from 20 colleges, universities being trained professional knowledge in tourism belonging localities which strongly develop tourism such as Hanoi, Hochiminh city, Quang Ninh, Thua Thien Hue, Da Nang, Quang Nam, Can Tho, Vung Tau, ect. At the training course, students were transferred the main contents: the plan to develop tourist human resources, implement documents of the State about training tourism; the method of analyzing vocations in the training program to build up the standards of tourist profession to be suitable for practical requirements. One important and practical content mentioned in the training course is the connection between the State and School and travel … [Read more...] about Training to build up the training program attached to using labors of tourism industry
IT industry to see M&A more active in 2014
IT industry to see M&A more active in 2014Ha Van By Ha Van - The Saigon Times Daily HCMC – Information technology (IT) specialists said that mergers & acquisitions (M&A) activity will be more active this year as venture funds and enterprises are seeking investment opportunities in the sector. Chu Tien Dung, chairman of the HCMC Computer Association, said that the sector will see bustling M&A deals this year, especially in e-commerce, Internet service, e-payment and mobile transactions. Investors will pay attention to products and services related to e-commerce such as e-payment, inventory management solutions, online forwarding and delivery, and Internet services related to training, healthcare and finance and real estate. Investors from Japan, Russia and Singapore have plans to invest in the local IT market. They will purchase shares, invest in or acquire an entire company not only to make gains but also to set up a starting point in the new market quickly, Dung … [Read more...] about IT industry to see M&A more active in 2014