Vietnam’s software industry targeting at US$1 billion in 2010

Thu, 05/12/2005 - 12:08

After the failure of the goal of US$500 million in the year 2005, the software industry of Vietnam set another aim for itself. That is to reach a revenue of US$1 billion in the year of 2010. Coming together with this target is the program draft for development of Vietnam’s software industry in the phase from 2006 to 2010 compiled by the Ministry of Post and Telecoms. As one more time mentioned in the draft, human resource is seen as the key factor for success of the program.

New tax guidelines may boost listing companies

Thu, 05/12/2005 - 11:40

HA NOI — With new guidelines issued by the Ministry of Finance (MoF) on taxes applied for those listing on the Ha Noi stock exchange, officials hoped they will encourage more firms to file for listing on the stock market.

Under the new rules released in late April, firms will enjoy an exemption on corporate income tax in the first year of listing and another 50 per cent cut for the next two years.

Tran Van Dung, director of the Ha Noi Securities Trading Centre, said after the regulations were issued, many firms have sped up registration for listing.

Survey finds local enterprises growing but problems remain

Thu, 05/12/2005 - 11:37

 HA NOI — A three-year survey released yesterday found businesses operating in Viet Nam have, on the whole, demonstrated considerable growth.

The results were publicised in the capital during a meeting hosted by the General Statistics Office (GSO).

The survey followed State-owned enterprises (SOEs), non-State firms and foreign-invested companies, from 2002 to 2004 and was conducted by the GSO and World Bank.

WTO entry will boost Vietnam’s economic reforms; U.S. official

Vietnam needs to take advantage of the chance to enter the World Trade Organization to accelerate its economic reforms, the U.S. State Department’s No. 2 figure said May 6 during his visit to Vietnam.
WTO accession will give a boost to Vietnam’s economic reforms as it helps facilitate investment and business, U.S. Deputy Secretary of State Robert Zoellick told a news conference in Hanoi.

He said if Vietnam liberated the services sector, an adequate infrastructure would be established to help develop the economy.

Viet Nam vows to strive for nuclear weapons-free world

Thu, 05/05/2005 - 14:41

MEXICO CITY — Along with other peace-loving nations, Viet Nam is committed to striving for a world free from nuclear weapons, Vietnamese Ambassador Le Luong Minh told a Nuclear-Free Conference in Mexico City last week.

As a member of the Non-Aligned Movement, the Disarmament Conference, the Southeast Asian nuclear weapon-free zone, and a non-nuclear weapon state, Viet Nam supports disarmament and the non-proliferation of nuclear weapons, he said.

VN agrees to protect intellectual property

Thu, 05/05/2005 - 14:40

On April 6, 2005, Viet Nam officially acceded to the Geneva Convention for the protection of producers of phonograms against unauthorized duplication. Viet Nam will be responsible for enforcing the provisions of the convention as of July 6, 2005.

Vietnam businesses paying better to keep key employees

Thu, 05/05/2005 - 14:36

Businesses in Vietnam are paying much more attractive salaries in a bid to attract qualified employees and keep key staff amid fierce competition for the business brain.
The major weapon companies in Vietnam use to prevent losing key employees and recruit new people is high salaries, said headhunting companies.

Currently, a foreign-invested company in the country is willing to pay about VND20.2 million, or nearly US$1,300, a month for an executive director, according to research by international investment bank Dragon Capital.

Vietnam hopeful to conclude WTO talks with more partners

Thu, 05/05/2005 - 14:32

Vietnam on Thursday said bilateral talks over the country’s bid to join the World Trade Organization last month yielded high hopes of concluding negotiations with six more partners within some more rounds.

From April 6 to 16, Vietnamese negotiators worked with their counterparts from Uruguay, Australia, Switzerland, Norway, Iceland and Turkey over the opening up of Vietnam’s goods and services market.

Vietnam’s WTO talks making progress; U.S. official

Vietnam is "making progress" on its negotiations for membership to the World Trade Organization, remarked U.S. Deputy Secretary of State Robert B. Zoellick before his visit to Vietnam on May 5.
The two-day stop in Vietnam is part of Mr. Zoellick’s 10-day Southeast Asian tour that also includes Thailand, Malaysia, Indonesia, Singapore and the Philippines, according to the U.S. State Department.

In Vietnam, the U.S. State Department's No. 2 official will observe the 10th anniversary of the establishment of diplomatic relations between the two countries.

Open Letter of the Vietnam-USA Society

NB: On the occasion of the 30th anniversary of the end of the war, the Vietnam-USA Society has publicized the following open letter.

Open Letter of the Vietnam-USA Society

Thirty years ago, the war ended and peace was restored in Vietnam. This made it possible to open up a new stage in Vietnam-US relations.

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