Streamlined, Can Tho IZs Rise in 2016 - News on 12 December 2016

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Streamlined, Can Tho IZs rise in 2016

This year, the Mekong Delta city of Can Tho saw a phenomenal growth in attracting investment capital to its industrial zones, with their committed investment volume skyrocketing to quadruple annual projections.

Vo Thanh Hung, head of the Can Tho Export Processing and Industrial Zones Management Authority (CEPIZA) talked to VIR’s Truc Giang about this outstanding performance.

This year, the city authorities have committed to accelerating investment and boosting competitiveness to deepen international integration. Has the move positively impacted Can Tho’s efforts to attract investment to its industrial zones (IZs)? This year has been an outright bonanza for the city’s IZs as the actual committed investment volume has set a seven-year record.

Through the end of November, Can Tho IZs lured seven new investment projects, while seven existing projects requested expansion. City-based IZs are expected to woo more than $200 million in the total investment capital this year …

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Prime Minister calls on Hung Yen to attract more investment

Prime Minister Nguyen Xuan Phuc has urged Hung Yen province, the homeland of the late Party Secretary General Nguyen Van Linh, to uphold its tradition to become wealthier.

Working with Hung Yen authorities on Sunday, Mr. Phuc said efforts should be made to develop the industry, attract investment, and protect the environment: “The province needs to renew its political determination to improve the business climate and competitiveness so as to encourage business growth and innovations.

Hung Yen should attract foreign direct investment projects in hi-tech and preserving and processing agricultural produce, while creating favorable conditions for the development of small and medium-sized enterprises to generate jobs. The province should work harder to have 16,000 enterprises by 2020, doubling the current figure.” …

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ADB to assist a local troubled bank

A solution to deal with troubled commercial banks has been decided upon, Prime Minister Nguyen Xuan Phuc revealed.

The regional development bank is planning to assist the Vietnamese government to solve the problem. “The Asian Development Bank (ADB) along with a Vietnamese private partner is planning to acquire a troubled commercial bank”, the Vietnamese leader said at the Vietnam Development Forum (VDF) in Hanoi on December 9.

Furthermore, ADB may also introduce partners who are capable of helping Vietnam to settle bad debts and safeguard fragile commercial banks, according to PM Phuc. Mr. Jonathan Dunn, Resident Representative of the International Monetary Fund (IMF) in Vietnam believes the acceleration of bad debt settlement will help the credit institution system better support competitive private enterprises, and this would bolster growth prospects. This idea comes just in time. In late October, Deputy Prime Minister Vuong Dinh Hue told a National Assembly (NA) …

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Over 600 people run for wildlife protection

Over 600 participants took part in a fun run at Ciputra urban area, North Tu Liem District, Hanoi on December 11, aimed at supporting and acting to prevent the extinction of wild animals while urging the community not to use herbal medicinal products derived from endangered wildlife.

Themed “Run for Wildlife – Take Action against Extinction”, the tenth Red River Run 2016 was held jointly by the Red River Runners (RRR) Club and the non-governmental Education for Nature-Vietnam (ENV). Unlike previous events, participants at this year’s run could choose to run in teams to affirm their support for the protection of bears, tigers, rhinos or pangolins, with different distances of 5km, 10km and a half-marathon distance of 21km, as well as a children’s category.

The four mentioned endangered animals are at risk of extinction because they are hunted and used in traditional medicine. ENV Deputy Director Nguyen Thi Phuong Dung called for action against wildlife …

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Dong A Bank former CEO arrested for ‘mismanagement’

Former managing director of the Dong A Joint Stock Commercial Bank,Tran Phuong Binh, his deputy Nguyen Thi Ngoc Van and three others were arrested for "violating laws on financial and banking activities", according to a statement from the bank on Saturday.

The statement did not elaborate on what crimes the five are accused of, but state-run Thanh Nien newspaper said Binh is suspected of causing major financial losses as a result of poorly managed loans.

All five were originally dismissed in August 2015, Dong A Bank’s statement added, when the bank was put under special supervision for suspected illegal activities, according to reports. Dong A Bank, one of the country’s smaller banks and based in Ho Chi Minh City, was established in 1992 and lists the city's communist party office as one of its major shareholders. Vietnam has shown strong economic performance in recent years, …

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PM assigns five key tasks for Vietnam National University of Agriculture

December 11 – 2016. The Prime Minister (PM) urged the Vietnam National University of Agriculture to study strategic priorities on rural infrastructure, early weather warning systems, diseases management, environmental institutional capacity, and farming tools usage.

Prime Minister Nguyen Xuan Phuc attended the 60th founding anniversary of the Vietnam National University of Agriculture in Hanoi on December 10. Addressing the ceremony, the PM said the agricultural sector needs to forge ahead with reform to deal with challenges such as climate change, sea level rise, saltwater intrusion, declining production value, agricultural income inequality, and increasing non-agricultural activities.

The Vietnam National University of Agriculture should seek to encourage businesses to reduce the use of pesticide and increase investment on organic and high-quality agriculture to achieve the green growth target, the Government leader said. In the context of the fourth industrial revolution, it is necessary to seek …

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Vietnamese fresh grads are the unhappiest in the region

December 11 – 2016. Vietnam graduates scored lowest on the job happiness spectrum in the ASEAN region, according to a latest survey conducted by JobStreet.com.

More than 50,000 fresh graduates in the Philippines, Hong Kong, Thailand, Singapore, Malaysia, Vietnam and Indonesia were asked to rate their happiness level at their current jobs.

Vietnam scored lowest on the job happiness spectrum at 4.9 out of 10 points. Fresh graduates in the Philippines came out on top in the happiness scoreboard with 6.5 out of 10 points, followed by Indonesia (6/10) and Thailand (5.9/10). Fresh graduates in Malaysia, Hong Kong and Singapore seemed neither happy nor unhappy with their jobs with scores of 5.5, 5.2 and 5.1 points, respectively.

The respondents were then asked how they expected this to change in the next six months, and to rate the top factors that would increase their job satisfaction. Fresh grads in Indonesia were the most optimistic about the future with 6.8 points, followed closely by the Philippines and …

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Head Photo by: Hugh Derr

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