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Policies have key role in attracting investment

In Uncategorized on January 12, 2011 at 7:06 am

Policies have key role in attracting investment

QĐND – Saturday, January 08, 2011, 20:29 (GMT+7)

Since the country began implementing the renewal process, policies encouraging investment in Vietnam have made great contributions to attracting Foreign Direct Investment (FDI).

The remark was made at a seminar held in Hanoi on January 7 to evaluate the role of policies on investment encouragement, the influence of FDI on Vietnam’s economy and future adjustment of those policies.

According to the Ministry of Planning and Investment, Vietnam had 12,213 FDI projects with a combined registered capital of US$192.9 billion in the 2001-2010 period. Of the capital, about US$63 billion has been put into operation.

Dr. Nguyen Tu Anh from the Central Institute for Economic Management said that FDI was an important supplement capital source for Vietnam’s economy and contributed to creating jobs as well as boosting exports and economic development of the country.

However, experts to the seminars said that future policies on investment encouragement should be aligned with practical legal frameworks and focus on transferring technologies to domestic enterprises.

Source: VNA

Source: QDND

Protectionism is world economy’s key ‘danger’: Merkel

In Uncategorized on November 9, 2010 at 6:21 am

Saudi key suspect, parcel bomb went on ‘passenger plane’

In Uncategorized on November 1, 2010 at 4:11 am

Iraq PM in Tehran on key political visit

In Uncategorized on October 19, 2010 at 4:20 pm

Iran gave its clearest nod of support to Iraq’s prime minister Monday as he seeks to line up backing from key neighbors in his bid to remain in office after a more than seven-month political limbo in Baghdad.

Iran plays a critical role in Iraqi affairs and the Shiite-led coalition of Prime Minister Nouri al-Maliki, who is making his first visit to Tehran since Iraq’s indecisive March elections.

Iran has the power to sway al-Maliki’s political fortunes through its deep ties to Iraq’s major Shiite factions, which have dominated government offices and security forces since the U.S.-led invasion toppled Iran’s arch foe Saddam Hussein in 2003.

Iraqi Prime Minister Nouri al-Maliki, front left, walks along with Iranian Vice President Mohammad Reza Rahimi, right, during an official welcoming ceremony in Tehran, Iran, Monday, Oct. 18, 2010.

Al-Maliki’s coalition is close to securing enough allies for a majority in parliament despite finishing second in March elections behind a Sunni-backed bloc. But al-Maliki is also busy sending out feelers around the region to weigh his support.

The signals from Iran seemed strong.

Iran’s Deputy Foreign Minister Rauf Sheibani said al-Maliki was “one of the suitable choices” to lead the next Iraqi government — the clearest indication that Tehran wants al-Maliki to stay in power.

Sheibani was quoted by the state-run IRNA news agency as citing al-Maliki’s experience leading Iraq and the current “sensitive conditions” during the withdrawal of the U.S. military.

Later, Iran’s Supreme Leader Ayatollah Ali Khamenei called on Iraq to settle its political crisis.

“Formation of a government as soon as possible and establishment of full security are among the important needs of Iraq because development and reconstruction of Iraq … can’t be achieved without these two,” state TV quoted Khamenei as telling al-Maliki.

Al-Maliki held meetings with other Iranian officials and was to travel to the Shiite religious center of Qom, where one of al-Maliki’s important allies lives in self-exile.

The pact with anti-American cleric Muqtada al-Sadr was critical for al-Maliki, but it has alarmed Washington because of al-Sadr’s former militia ties and his likely demands for key roles in a new government.

Al-Maliki also could be urging Iran to pressure Iraq’s biggest Shiite political party, the Supreme Islamic Iraqi Council, to join his coalition. The Iranian-backed Supreme Council has been the main Shiite holdout on al-Maliki’s effort to remain in power and could be working for an alternative choice as government leader — possibly Shiite Vice President Adel Abdul-Mahdi.

The United States has not publicly endorsed any candidate to lead Iraq, but has repeatedly stressed the need for the next government to represent all of Iraq’s groups. These include members of the Sunni-backed group that narrowly won the March elections but was unable to cobble together a parliament majority to replace al-Maliki.

But the head of the bloc, Ayad Allawi, has strongly denounced Iran as trying to destabilize Iraq and steer its political process.

“I won’t be begging Iran to agree upon my nomination,” Allawi told the Al-Arabiya satellite TV channel on Sunday in a clear jab at al-Maliki.

He added that Iran should get out of Iraqi politics and “not impose or support one faction over the other.”

U.S. State Department spokesman P.J. Crowley said Washington was also worried about what he called Iranian “meddling” in the formation of a new Iraqi government.

“We are concerned about any neighboring country that would meddle in Iraq’s affairs,” Crowley said. “Ultimately, this has to be an Iraqi decision as part of its own political process. … We would expect the Iraqi government to work on behalf of its own citizens rather than on behalf of another country.”

Allawi has threatened to boycott the next government if al-Maliki remains in office, which could open wider rifts between Iran and Sunni states such as Saudi Arabia and Jordan.

Al-Maliki met with Jordan’s King Abdullah II in Amman before heading to Tehran, but the Jordanian monarch withheld public endorsement for al-Maliki for a second term.

Even if al-Maliki appears to have backing from Iran, he desperately wants support from Sunnis, too — in part because of strong pressure from the United States. He will visit the Sunni-dominated nations of Turkey and Egypt next week.

Al-Maliki was greeted by Iranian Foreign Minister Manouchehr Mottaki after landing at the Tehran airport. He also met with Iranian President Mahmoud Ahmadinejad and the head of the Atomic Energy Organization of Iran.

IRNA said al-Maliki will travel to Qom, a holy city 60 miles (100 kilometers) south of the Tehran. The report didn’t give details, but it is expected to include talks with the cleric al-Sadr.

Source: SGGP

Mass Mobilisation is the key to success

In Uncategorized on October 15, 2010 at 2:28 pm

Mass Mobilisation is the key to success

QĐND – Friday, October 15, 2010, 21:12 (GMT+7)

The Mass Mobilisation sector has made many significant contributions to the nation’s defence, construction and socio-economic development since its establishment 80 years ago.

In response to the “mass mobilisation” campaign, there have been many examples of effective mass mobilisations nationwide such as the campaign to encourage shifting patterns of growing plants and raising domestic animals in Lao Cai province, a programme to upgrade the infrastructure in rural areas in Bac Ninh province, and a programme to reduce environmental pollution in Long An province.

At the recent patriotic emulation congress of the mass mobilisation sector, State President Nguyen Minh Triet said that the Party and the State always attach great importance to mass mobilisation work and asked. He underlined the sector’s contributions during the nation’s struggles for independence, as well as in the socio-economic development.

To celebrate the 80th anniversary of the Mass Mobilisation sector and honour outstanding officials, there have been many activities held across the country.

**On October 15, the Da Nang municipal Party Committee for Mass Mobilisation held a ceremony to review the sector and Da Nang’s achievements in mass mobilisation work.

At the ceremony, the city’s Party Committee for Mass Mobilisation was granted the Independence Order, Third Class.

**In Tay Ninh, Vice Head of the Party Central Committee’s Commission for Mass Mobilisation, Nguyen Duy Viet; and Secretary of the Tay Ninh provincial Party Committee Nguyen Van Nen attended a meeting to celebrate the sector’s anniversary.

Seven individuals were awarded insignia from the Commission for Mass Mobilisation and 30 organisations and 50 individuals were awarded the province’s certificates of merit for their contributions to the mass mobilisation campaign.

The 80th anniversary of the Mass Mobilsation sector were also celebrated in the provinces of Lang Son, Phu Yen, Thua Thien Hue, and Quang Nam.

Source: VOV

Source: QDND

N.Korea, UN Command in key talks

In Uncategorized on July 15, 2010 at 12:58 pm

 North Korea’s military on Thursday held its first talks with the US-led UN Command since the sinking of a South Korean warship, as Washington announced naval exercises to deter the communist state.

The two sides met for 90 minutes at the border village of Panmunjom to discuss the sinking, according to a spokesman for the command, which has backed up South Korea’s military since the 1950-53 war.

Details of the talks between a US and a North Korean colonel were not immediately available.

South Korea, the United States and other nations, citing the findings of a multinational investigation, accuse the North of firing a torpedo which sank the corvette the Cheonan in March with the loss of 46 lives.

The North Korean flag flies over its embassy in Beijing.

The North vehemently denies the allegations and has threatened a military response to any attempts to punish it.

Thursday’s talks were intended to arrange a later meeting at general-level.

Media reports said the North was likely at the higher-level talks to repeat its claim that the multinational probe was a fabrication and part of a smear campaign.

The UN Command was expected to present the results of the Cheonan investigation and assert that the sinking near the tense Yellow Sea border was a serious breach of the 1953 armistice which ended the war.

The UN Security Council last Friday issued a statement which condemned the attack but did not apportion blame — a result hailed by the North as a “great diplomatic victory”.

The statement had been watered down under pressure from Pyongyang’s key ally China.

The Pentagon announced Wednesday it would go ahead with joint naval exercises with South Korea aimed at sending a warning to the North, despite strong protests from China.

North Korea routinely denounces all drills between the South and its US ally as preparations for war.

On Saturday it threatened “strong physical retaliation” if the two countries persist in “demonstration of forces and sanctions” despite the UN statement.

Pentagon spokesman Geoff Morrell said Defense Secretary Robert Gates and Secretary of State Hillary Clinton would meet their counterparts in Seoul on July 21 to “discuss and likely approve a proposed series” of joint military exercises.

These would include “new naval and air exercises in both the Sea of Japan (East Sea) and the Yellow Sea”, Morrell said.

South Korean defence ministry officials said the aircraft carrier USS George Washington was not expected to enter the sensitive Yellow Sea for the exercises but stay in the Sea of Japan, in an apparent concession to Beijing.

Morrell dismissed China’s criticism of the exercise, insisting the drills are “a matter of our ability to exercise in the open seas, in international waters. Those determinations are made by us, and us alone.”

The war games would be defensive in nature but “will send a clear message of deterrence to North Korea”, Morrell said.

“Where we exercise, when we exercise, with whom and how, using what assets and so forth, are determinations that are made by the United States Navy, by the Department of Defense, by the United States government,” he said.

Source: SGGP

Netanyahu to hold key White House talks

In Uncategorized on July 6, 2010 at 12:14 pm

WASHINGTON (AFP) – US President Barack Obama hosts Israeli Prime Minister Benjamin Netanyahu on Tuesday for a White House summit that could see a strong push for direct peace talks with the Palestinians.

A warm red-carpet welcome is expected, in stark contrast to Netanyahu’s previous visit in March when he was given the cold shoulder by Obama because of a row over the expansion of Jewish settlements in east Jerusalem.

US President Barack Obama walks towards the Oval Office at the White House. AFP

A diplomatic flurry in the run-up to this visit, including talks on Monday between Israeli Defence Minister Ehud Barak and Palestinian prime minister Salam Fayyad, suggested movement in the stagnant peace process.

The political calculus has also changed with Obama more jumpy about the important US-Israel axis in the run-up to mid-term elections and Netanyahu appearing keener for direct negotiations with the Palestinians.

“I believe that a main part of my conversations with President Obama in Washington next week will be focused on how to start direct peace talks between Israel and the Palestinians right away,” Netanyahu said last week.

Obama and Vice President Joe Biden will hold a working lunch with the Israeli leader from 12:35 (1635 GMT), according to the White House.

While no major announcements are expected, US officials talked optimistically about the chances of progress after weeks of shuttle diplomacy by Obama’s Middle East peace envoy George Mitchell.

“Certainly a major focus of the discussion will be around the progress that’s been made so far in the proximity talks and the opportunity to make the transition into direct talks,” said White House adviser Dan Shapiro.

“We feel that already in the little over a month that these talks have been going on, the gaps have narrowed. And we believe there are opportunities to further narrow those gaps to allow the sides to take that next step to the direct talks.”

The Palestinians froze direct negotiations in December 2008 when Israel launched a deadly 22-day offensive against the Hamas-ruled Gaza Strip to halt rocket attacks.

Also on the agenda will be Iran’s nuclear programme and Gaza, where Israel has eased a four-year blockade following pressure after its deadly raid on an aid flotilla that killed nine Turks, one of them with US nationality.

The May 31 raid badly damaged relations between Israel and Turkey, two key US allies. Turkish Foreign Minister Ahmet Davutoglu warned on the eve of the visit that ties with Israel would be cut unless an apology was forthcoming.

State Department spokesman Philip Crowley said he expected Netanyahu to give Obama “a report on the early stages of the Israeli investigation into the flotilla tragedy” and that the two would discuss “recent progress” on Gaza.

When Netanyahu and Obama last met in March, the Israeli leader was reportedly chastised by his host and denied privileges customarily granted to foreign dignitaries, even the ritual handshake photo.

It was an expression of Washington’s ire at Israeli plans to build 1,600 Jewish homes in annexed east Jerusalem, announced during a trip to Israel by US Vice President Joe Biden in a move that Washington called “insulting.”

This time, the temperature in the White House is likely to be warmer, with the usual niceties observed.

Obama’s Democratic Party is expected to face a tough battle in November’s mid-term elections and could lose its congressional majority, while Netanyahu is negotiating his own political minefield.

Obama wants Israel to extend a West Bank settlement freeze due to expire in September, but right wingers in Netanyahu’s ruling coalition, notably Foreign Minister Avigdor Lieberman, fiercely oppose a further moratorium.

Source: SGGP

Gov’t facilitates investors in key central economic region

In Uncategorized on June 27, 2010 at 12:43 pm

The Government committed to creating favorable conditions for investors to work effectively in the key central economic region, said Deputy Prime Minister Hoang Trung Hai.

Deputy Prime Minister Hoang Trung Hai speaks at the conference on promoting investment in the key central economic region held in Hoi An city, the central province of Quang Nam on June 26

The Deputy PM made the affirmation at the conference on promoting investment in the key central economic region, which was held in Hoi An city, the central province of Quang Nam on June 26.

The key central economic region includes Da Nang city, Quang Nam , Thua Thien-Hue, Quang Ngai and Binh Dinh provinces.

Deputy PM Hai stressed that the region should continue implementing the government’s policies on the key central economic region’s socio-economic development in 2010 with a vision to 2020.

The Deputy PM also asked the region to speed up the construction of transport infrastructure, including roads, bridges and ports and focus on improving the quality of human resources to supply enough skilled workers to large industrial centers.

The conference was part of the national program to attract and effectively use domestic and foreign investment in this region.

The event was a good opportunities for localities, investors to exchange information and boost cooperation in potential areas, including tourism, seaport services, industrial and economic zones.

The key central economic zone plays an important strategic position and serves as gate to the sea of the Central Highlands and sub-Mekong delta region in the East-West Economic Corridor (EWEC).

The region boats four out of 13 key economic zones with a deep water seaport system which plays as a backbone in attracting investment, especially foreign direct investment.

By the end of May this year, the region had attracted nearly 400 foreign investment projects with a registered capital of nearly 15 billion USD, making up 75 percent of the number of projects and 61 percent of capital of the whole central region and the Central Highlands.

Foreign investment contributed over 5 percent of the region’s GDP and generated jobs for about 60,000 people in the whole region.

In the 2007-2009 period, foreign direct investment capital poured into the region hit 11.3 billion USD, more than 4 folds of the combined figure of 19 previous years.

Source: SGGP

Militants attack NATO’s key southern base

In Uncategorized on May 23, 2010 at 9:21 am

 Militants fired rockets and launched a ground attack on NATO’s main base in southern Afghanistan, just days after a similar assault on a major military installation near Kabul.

There were a number of injuries in the attack on Kandahar Airfield on Saturday evening and a security lockdown was swiftly enforced as the militants tried to get inside the sprawling base.

Militants fired five rockets in the assault, Afghan contractors working on the base said, with one landing near a shopping strip and another near a helicopter landing zone.

“We are currently under ground attack,” said airfield spokesman Major Brian DeSantis, adding that he had heard no small-arms fire.

A transport helicopter lands in Kandahar, southern Afghanistan. Militants have fired rockets and launched a ground attack on NATO’s main base in southern Afghanistan, just days after a similar assault on a major military installation near Kabul.

A base spokesman later added: “A number of insurgents were attempting to enter the base on the north side. They were repelled by security forces.

“A number of ISAF personnel and civilian workers have been injured and are receiving medical treatment. There are no confirmed fatalities.”

The International Security Assistance Force (ISAF) is the NATO-led mission helping fight an increasingly deadly Taliban insurgency in war-ravaged Afghanistan.

Kandahar Airfield is the main base in the area for troops fighting the insurgency, which is concentrated in the southern province of Kandahar. It houses around 23,000 personnel.

The base regularly comes under rocket fire and all personnel are ordered to take cover until an all-clear is sounded.

It sits on the edge of Kandahar city, the provincial capital, where Taliban are digging in as US, NATO and Afghan troops build an operation aimed at squeezing the militants out of their spiritual home.

The attack came as Britain’s new foreign minister William Hague met President Hamid Karzai in Kabul.

Hague, accompanied by Defence Secretary Liam Fox and International Development Secretary Andrew Mitchell, said they had made clear to Karzai that Britain expected to see his government make progress to match the international strategy for ending the insurgency.

“We are urgently taking stock of the situation, but in the sense not of deciding whether to support that strategy but of how to support that strategy in the coming months and years,” Hague told reporters.

Britain has 10,000 troops in Afghanistan, the second biggest commitment behind the US in a force of 130,000 fighting the Taliban insurgency under NATO command.

The number of foreign troops is set to rise to 150,000 by August as part of a US-led counter-insurgency strategy aimed at speeding up the end of the war now well into its ninth year.

The attack in Kandahar was the third on international forces in a week after a suicide attack in the capital on Tuesday and an attack on Bagram Airfield, about 60 kilometres (35 miles) north of Kabul, the following day.

Seven hours of fighting at Bagram resulted in the deaths of an American contract worker and 16 militants, NATO said. Nine NATO soldiers were wounded.

Earlier this month the Taliban announced a new nationwide campaign of attacks in Afghanistan, targeting diplomats, Afghan parliamentarians and foreign contractors, as well as foreign forces.

Source: SGGP

Nurturing young entrepreneurs key to modernisation process

In Uncategorized on May 18, 2010 at 1:04 am

Nurturing young entrepreneurs key to modernisation process

QĐND – Tuesday, May 18, 2010, 7:55 (GMT+7)

Young entrepreneurs and businesses have made a significant contribution to the country’s industrialisation and modernisation process, according to a seminar held on May 15 in HCM City.

Young businesspeople have made major contributions in science, technology and supporting the poor and they need more support to develop new businesses, participants at the conference said.

The event, attended by businessmen, scientists and administrators, was held by the Ho Chi Minh Communist Youth Union and the Party’s Communist Review to evaluate enterprises’ roles in development.

Several recommendations to policy regarding global integration were made at the conference with more than 50 papers presented.

According to Professor Truong Gia Long, deputy editor-in-chief of the magazine, the country has more than 400,000 enterprises, 90 percent of which are managed and established by young businesspeople.

HCM City has more than 137,000 enterprises; most of them run by young entrepreneurs. The HCM City Young Businessmen Association has 738 members who invested more than 23.6 trillion VND (1.2 billion USD), creating jobs for over 87,000 in the city and neighbouring provinces.

“Young entrepreneurs are creative, adventurous and hungry for knowledge,” Long said.

Thai Van Re, director of HCM City ‘s Department of Planning and Investment, said it is not easy for young entrepreneurs to learn the skills needed to shape successful businesses and access investment funding and equipment.

The lack of market and product information and knowledge of policies that support enterprises are also barriers to young businesses, Re said.

He suggested related agencies should strengthen their models for business nurseries that nurture young enterprises in Vietnam. Similar models that provide management skills are applied in Europe and Japan.

In HCM City, four such business nurseries have been established in Sai Gon Hi-tech Park, Quang Trung Software City, HCM City University of Agriculture and Forestry and HCM City University of Technology. Re suggested that more financial support and priority policies be given to young entrepreneurs.

“The success of many young entrepreneurs is encouraging to our students who are still studying at school. They are eager to graduate and start new businesses,” said Tran Hoang Nhan, deputy head of the HCM City University of Economics.

Nhan added that previously many graduates feared unemployment and were unsure about starting their own businesses.

He said the city government should hold dialogues with young businessmen to identify their problems.

Source: VNA

Source: QDND