Golden business opportunity

Investment bank Wedbush says that the recent Apple stock sell-off creates a "golden buying opportunity" for investors, and predicts that Apple still has a $3 trillion valuation on the horizon. In a note to investors seen by AppleInsider , lead Wedbush analyst Daniel Ives says the bank has added Apple to its "Best Ideas List." He says that, in the wake of a historic December quarter for Apple, Wall Street has been expecting modest cuts to 2021 iPhone forecasts. Despite that, the analyst says recent checks in Asia are continuing to come in bullish. He continues to predict that Apple could ship upwards of 230 million iPhone units during the year. That number is higher than the current Wall Street consensus of 220 million units. Based on the current trajectory, Ives says that Apple could sell north of 240 million units — with an "eye popping" 250 million units possibly in the cards. He adds that demand in China still looks strong coming out of the Chinese New Year. … [Read more...] about Recent Apple sell-off a ‘golden buying opportunity,’ analyst says

The sixth plenary session of the 12th Party Central Committee (PCC) opened in Hà Nội on Wednesday. — VNA/VNS Photo Phương Hoa Viet Nam News HÀ NỘI — In a wide ranging policy speech yesterday, Party General Secretary Nguyễn Phú Trọng laid out key areas for reform, ranging from the country’s growth model and State budget, to bad debts and population control. Addressing the opening of the week-long sixth plenary session of the 12th Party Central Committee (PCC) in Hà Nội, the leader said credit organisations, public investment, State-owned enterprises and public administration units should be restructured, and growth quality and business environment improved, in order to mobilise and effectively use resources for rapid, sustainable economic, social and environmental development. The most important targets for 2018 should be formulated based on these priorities, he said. The Party chief asked the Party Central Committee to determine why growth quality was low in the first six … [Read more...] about Party Central Committee opens with broad reform agenda

Preparations for 2006 APEC Summit nearing completion (02-09-2006) DA NANG — Da Nang and central Quang Nam Province have completed preparations for the third meeting of senior Asian-Pacific Economic Co-operation forum officials. The 11-day meeting is scheduled to begin next Wednesday. Deputy Foreign Minister and APEC Secretariat Chairman Le Cong Phung says he is pleased with arrangements for the security, working facilities and accommodation for the forum. Major hotels in Da Nang and Hoi An that will house the officials include the Furama Resort, Sandy Beach, Golden Sea, Sai Gon Tourane, Golden Sand, Palm Garden, Victoria and Trail Hoi An, he says. Furama Resort deputy director Nguyen Canh Son says the forum offers the opportunity for his hotel, together with the locality, to promote investment and tourism in Da Nang. The Furama, the main venue for the meeting, has spent US$3 million building the biggest and most modern conference palace in Viet Nam, he … [Read more...] about Preparations for 2006 APEC Summit nearing completion

NA leader bids to boost Romania legislative ties (19-06-2008) NA Chairman Nguyen Phu Trong talks with President of the Romanian Chamber of Deputies Bogdan Olteanu in Bucharest yesterday. — VNA/VNS Photo Tri Dung BUCHAREST — National Assembly Chairman Nguyen Phu Trong proposed bolstering legislative co-operation to contribute to furthering the relationship between Viet Nam and Romania. Chairman Trong made the proposal at his talks with President of the Romanian Chamber of Deputies Bogdan Olteanu in Bucharest yesterday following a welcome ceremony given to him on his official visit to the European country. The Vietnamese legislative leader underlined the increase in the exchange of visits and the sharing of law-making experiences between the two countries’ legislative organs as measures to promote bilateral legislative ties. He said he was pleased with the two countries’ time-honoured traditional relationship that is growing in a wide range of fields, … [Read more...] about NA leader bids to boost Romania legislative ties

Students at a laboratory of the Cần Thơ University in the Mekong Delta City of Cần Thơ. The university is famous for providing high quality human resources for Việt Nam and particularly its Mekong Delta Region. — VNA/VNS Photo Quý Trung Viet Nam News HÀ NỘI — Việt Nam’s Golden Book of Creativity 2017, which honours Vietnamese people’s creativity in science-technology, made its debut yesterday in Hà Nội. The book was released on the occasion of Việt Nam’s 72th anniversary of National Independence Day (September 2). It consists of 72 works and creative science-technology solutions selected from 141 works proposed by ministries, organisations and localities. President of the Việt Nam Fatherland Front Central Committee (VFFCC) Trần Thanh Mẫn said that the works are outstanding pieces of research, projects and initiatives, especially valuable and widely-applicable examples related to community assistance in health, environment, socio-economy in disadvantaged areas, … [Read more...] about VN creativity honoured in book

HÀ NỘI — Việt Nam is recording the highest proportion of young people in its history, with people between the ages of ten and 24 represent nearly 40 per cent of the total population. This was one of the findings of The State of World Population 2016, released yesterday in Hà Nội by the United Nations Population Fund (UNFPA) in collaboration with the Centre for Youth and Adolescents of the Việt Nam Youth Union. The so-called “demographic window of opportunity” presents Việt Nam with a unique opportunity in its history to make this golden period the driver for socio-economic prosperity and for Việt Nam’s efforts towards achieving the Sustainable Development Goals, according to the report. The report said that forced marriage, child labour, female genital mutilation and other practices undermining girls’ health and rights threaten the development agenda. Practices that harm girls and violate their human rights – starting at age ten – prevent them from realising their full … [Read more...] about VN must protect girls’ rights: report

Australian and Vietnamese experts share their experience in labour training at a panel discussion in Hà Nội on Wednesday. — VNS Photo Khánh Dương Viet Nam News HÀ NỘI — Global co-operation and education are the keys to improving the quality of Việt Nam’s human resources in the digital age, Australian and Vietnamese experts agreed at a panel discussion in Hà Nội yesterday. Việt Nam is experiencing a period known as the “golden population structure”. The country’s large labour force has the advantage of being young and inexpensive, said Nguyễn Vĩnh An, Deputy Director General of the Department of Personnel and Organisation under the Ministry of Information and Communications. Every year, an additional one million people enter the labour market. “However, we should look at the workforce’s quality, not its quantity,” he said. Up to 40 per cent of Vietnamese labourers are low-skilled, the highest ratio in the region, compared with only 9 per cent in Thailand, and 8 per cent … [Read more...] about HR qualities come under the spotlight

Illustrative image. Conducted by the German Development Cooperation Agency (GIZ), the project on training Vietnamese nurses has proved effective.— Photo molisa.gov.vn Viet Nam News BERLIN — A pilot project of Germany on training Vietnamese nurses has proved effective, as was reported at a seminar reviewing the project held in Berlin. The seminar was organised by the German Federal Ministry for Economic Affairs and Energy. Conducted by the German Development Cooperation Agency (GIZ), the project has trained 200 Vietnamese nurses since 2012. Over half of them have completed the course and have received work permits in Germany. More than 95 per cent of the German training establishments involved in the programme spoke highly of the Vietnamese trainees’ diligence and was willing to welcome more candidates from Việt Nam. As the elderly population in Germany is rapidly increasing, the government has set a target of training and recruiting 8,000-13,000 nurses from now until … [Read more...] about Over 100 Vietnamese nurses recruited in Germany

A Vietnamese intern working at a factory in Japan. -- Photo Nikkei Asian Review Viet Nam News HÀ NỘI — With a rapidly aging population and declining fertility, Japan had to adopt a more open-door approach towards foreign workers to staff its labour-strapped industries, with Vietnamese workers among the fastest growing groups. The country’s previously strict approach to immigration changed in June as the Council on Economic and Fiscal Policy, led by Prime Minister Shinzo Abe, officially announced a set of measures to increase the flow of labour to the country, including the creation of “a new visa status for non-professional foreign labourers,” the Japan Times reported. New policies would allow apprentices to remain in Japan for a maximum five additional years under a labour visa after their standard three-year training. The Japanese Government said it was also considering letting these visa-holders stay in Japan indefinitely if they pass language proficiency and technical … [Read more...] about Japan’s open-door policy for foreign workers – a boon for Việt Nam

New approach to FDI strategy By Tran Van Tho Vietnam should take advantage of the new opportunity to welcome the new FDI wave, giving priority to projects that can help deepen industrialization and improve further industrial restructuring - PHOTO: THANH HOA The new strategy for foreign direct investment (FDI) attraction should be more selective and strategic, and should especially incentivize projects to make substitutes for imports of up- and mid-stream hi-tech products. Vietnam’s economy has been heavily dependent on foreign markets. In 2018, the country’s import and export of goods and services amounted to a value equivalent to 208.6% of its gross domestic product (GDP). The U.S. and China are the two biggest markets, which accounted for 20% and 17% of Vietnam’s total exports in the first 11 months of the year, respectively. Therefore, Vietnam’s economy will be greatly affected by the Sino-U.S. trade war. The world’s two biggest economic powerhouses will slow … [Read more...] about New approach to FDI strategy