‘The Future of ASEAN – Time to Act’report focuses on the disruptions facing ASEAN and how governments and corporates can act to ensure future growth through new and innovative strategies across seven sectors – automotive, financial services, consumer goods, medical devices, refined fuels, telecommunications and transportation. David Wijeratne, PwC’s Growth Markets leader On September 12, David Wijeratne, PwC’s Growth Markets Leader, will present findings of a PwC report on the future of ASEAN at a press conference at the World Economic Forum on ASEAN meeting in Hanoi. ASEAN – a unique growth story 2017 marked the 50th anniversary of ASEAN, which is a unique achievement considering the conflicts and poverty which characterised the region in the first half of the 20th century. Since its inception, ASEAN has not only doubled its membership, but has also successfully weathered both the Asian financial crisis of 1997 and the global … [Read more...] about What does the future hold for ASEAN?
What does your last name say about your ancestry
Japan PM Abe says relations with China back on 'normal track' - paperThe Saigon Times Daily Japan's Prime Minister Shinzo Abe attends a memorial service ceremony marking the the 73rd anniversary of Japan's surrender in World War Two, at Budokan Hall in Tokyo, Japan August 15, 2018 – PHOTO: REUTERS TOKYO (REUTERS) - Japanese Prime Minister Shinzo Abe expressed confidence in improving ties with China and said the countries’ relationship had returned to a “normal track”, in a newspaper interview published on Sunday. Abe, who is expected to visit China at the end of October, was also quoted as saying he hoped to invite President Xi Jinping to Japan in the future. His comments came amid intensifying U.S. trade pressure on Beijing and Tokyo that has raised concerns about protectionism and its impact on the global economy. “Premier Li Keqiang visited Japan in May and the Japan-China relationship has completely returned to a normal track,” Abe told … [Read more...] about Japan PM Abe says relations with China back on ‘normal track’
China says U.S. solar tariffs violate trade rules, lodges WTO complaintThe Saigon Times Daily An array of solar panels is seen in the desert in Victorville, California March 13, 2015 – PHOTO: REUTERS SHANGHAI/BEIJING (REUTERS) - China’s commerce ministry said a U.S. decision to subsidize renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China’s interests, firing the latest shot in a broader trade conflict. China has lodged a complaint to the World Trade Organisation to help determine the legality of the U.S. policies, saying they not only harm China's rights but also undermine the WTO's authority, the ministry said on its website late on Tuesday. Washington announced in January that it was imposing what it called safeguard tariffs over four years - with a 30 percent tariff in the first year reduced gradually to 15% in year four. “As the U.S. violations have severely distorted the global … [Read more...] about China says U.S. solar tariffs violate trade rules, lodges WTO complaint
Do you know you should not hold too many credit cards? If you think it’s because it will hurt your credit score, then you, like many others, have misunderstood how credit cards work. Despite the rising popularity, many people these days still hold on to wrong notions about credit cards. There are many aspects of these cards that are still generally misunderstood. It’s not the credit cards, but these misconceptions that can cost you dearly. Check out some of the most common misconceptions about credit cards: Do not accept an increase in your credit limit If you are punctual with the payment of your credit card bill, your card issuer may offer an increase in your credit limit. You may think that the bank is trying to trick you into spending more. However, you can use this opportunity to your advantage. If you accept the increase in your credit limit and continue to spend the same amount … [Read more...] about 6 Common Misconceptions About Credit Cards
Manchester City manager Pep Guardiola has ruled out another record-breaking Premier League campaign, warning fans that a repeat of last season's feats will be "impossible." Manchester City's record-breaking previous season was crowned with their first league title under the management of Pep Guardiola, pictured in May 2018, who is warning fans not to expect a repeat in the upcoming season. (AFP/Glyn KIRK) City's dominance in England last season was underscored by a slew of records that were set as they romped to their first league title of the Guardiola era. City became the first ever team in the Premier League to win with 100 points as well as securing the biggest title-winning margin (19 points) by scoring the most goals (106), most wins (32), most consecutive wins (18) and best goal difference (+79). Guardiola's men broke 11 records in all but the former Barcelona coach envisages a far more difficult campaign when the action kicks-off next month. "We are not going to break … [Read more...] about Guardiola says repeat of record breaking season ‘impossible’
While GIC Private Limited cut its losses in Vinasun last week, Ho Chi Minh City Securities Corporation (HSC) spends around VND100 billion ($4.4 million) becoming the third largest shareholder of Vinasun. 2018 is the fourth consecutive year that Vinasun approves lower business targets HSC has just announced buying 7.2 million shares of Vietnam Sun Corporation (Vinasun, code: VNS), equalling 10.61 per cent. It held only 8 VNS shares before. The transaction took place on May 25, when GIC Private Limited sold a total of 5.4 million VNS shares on the Ho Chi Minh City Stock Exchange (HSX). This Singaporean investment fund fully divested Vinasun at only 40 per cent of the original purchasing price, losing approximately VND120 billion ($5.3 million) in four years. At the average price of VND14,000 apiece, HSC is estimated to spend over VND100 billion ($4.4 million) becoming a large shareholder of Vinasun. After this “low-cost” transaction, HSC became the third largest … [Read more...] about What does HSC expect from loss making Vinasun?
Washington and Beijing are going toe-to-toe in a trade spat, and Vietnam is set to become embroiled in the conflict, for better or for worse. The row is likely to deal a blow to export-reliant Vietnam, as its overseas shipments form part of China’s value chain. “If the U.S imposes high tariffs on China’s broader cross-border supply chain, Vietnam, which exports goods that serve as inputs for China’s exports, will be badly hit,” said economist Le Dang Doanh. It’s unclear whether Washington will tax Chinese firms alone or their wider supply networks. About 2.2 percent of Vietnam’ shipments abroad are part of China’s value chain, Bloomberg quoted date from RHB Bank Bhd as saying. Sharing the same opinion, Steven Schwartz, senior director of sovereign ratings for Asia at Fitch Ratings, said South Korea, Taiwan, Vietnam and Malaysia, all of which export goods – such as machine parts and components for communications equipment … [Read more...] about What does Vietnam have to lose or gain from US-China trade war?
VietNamNet Bridge - The government needs to continue its efforts to reform the business environment in order to have more billionaires, experts say. Chair of Hoa Phat Group Tran Dinh Long Four Vietnamese are on Forbes’ 2018 list of the world’s billionaires. These include two familiar names – Pham Nhat Vuong and Nguyen Thi Phuong Thao, and two new names – Tran Ba Duong, chair of Truong Hai Automobile and Tran Dinh Long, chair of Hoa Phat Group. Four Vietnamese are on Forbes’ 2018 list of the world’s billionaires. These include two familiar names – Pham Nhat Vuong and Nguyen Thi Phuong Thao, and two new names – Tran Ba Duong, chair of Truong Hai Automobile and Tran Dinh Long, chair of Hoa Phat Group. Dang Dinh Dao, former head of the Institute for Economic & Development Studies, said the appearance of billionaires reflects the country’s high and stable economic growth in recent years. RELATED NEWS Tran Dinh … [Read more...] about What does Vietnam need to do to produce more billionaires?
It was a cold winter night and the stray dogs were barking endlessly. It wasn't unusual for the dogs in this rural village on the outskirts of Saigon to be noisy, but there was something about their tone that night that prompted a guard to go and check. He flashed his torch at the window of a nearby orphanage and spotted a small plastic basket. Inside was a screaming baby, a little bit bigger than an ear of corn and wrapped in an old towel. The umbilical cord was still hanging from her belly, and she was bruised, wrinkled and cold. The watchful guard quickly woke the staff inside the house, and they attempted to warm the tiny baby up by hugging and massaging her, but to no avail. Eventually, they had to drive the baby more than 20 kilometers (12.4 miles) to a major hospital, where she was treated for pneumonia. She’s a healthy two-year-old now, and lives with more than 60 other children who have been left at the orphanage over the past seven years. The orphanage is named … [Read more...] about At Saigon orphanage, babies are left with no names and lots of questions
An official statement from an education department leader in Ho Chi Minh City, who said giving students English names during language classes is “against Vietnam’s traditional education,” has sparked fresh debate among Tuoi Tre News readers.Unlike the controversial rule to ban audiovisual tools from English teaching in citywide primary schools, the ‘name issue’ is winning support from English teachers, native and local. Vietnamese don’t need English namesCommenting on Tuoi Tre News’ Facebook Page, Michael David Kemp said he agrees “100 percent” with the idea that students not be called by anything other than their Vietnamese names.“Vietnamese names mean something and have a meaning behind them,” he wrote. “I always try to learn [how to say] my students Vietnamese names.”Veronnica Nagathota, who on her Facebook page says she is an “Australian woman who adores Vietnam,” believes that native English … [Read more...] about Phuc or Fuchsia? Should Vietnamese students have Western names in English classes? Info Alert Alert Chia sẻ bài viết qua e-mail