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New law promotes arbitration to solve commercial disputes

In Uncategorized on July 21, 2010 at 3:17 pm

New law promotes arbitration to solve commercial disputes

QĐND – Wednesday, July 21, 2010, 21:1 (GMT+7)

The Law on Commercial Arbitration Law recently passed by the National Assembly will provide an important legal foundation for businesses to minimise the risks of disputes, said the head of the Vietnam Chamber of Commerce and Industry’s legal department, Tran Huu Huynh.

Speaking at a conference in Hanoi on July 20 held to review the provisions of the new law, Huynh said few enterprises in Vietnam have yet paid much attention to arbitration, continuing to prefer to take their disputes to court rather than employ commercial arbitrators.

He added that the settlement of disputes by arbitration was fast, effective and confidential, and the arbitration of disputes would help ease the burden on the nation’s court system. Statistics from the Vietnam International Arbitration Centre have shown that the Hanoi People’s Court handled 300 economic disputes in 2009, while those in HCM City had a docket of around 1,000. Meanwhile, the centre last year handled only 58 petitions for arbitration from businesses.

“Every judge in Ha Noi and HCM City’s economic courts yearly handles from 30 to 50 disputes while the average arbitrator handles only one,” said Vietnam Law Association chairman Pham Quoc Anh.

The nation currently has a total of seven arbitration centres, but arbitration has not been popular in Vietnam due to a lack of a proper legal framework in the 2003 Ordinance on Commercial Arbitration.

“The law has improved shortcomings in the ordinance such as removing limitations on the application of arbitration to commercial disputes,” Anh said. “Commercial disputes, meanwhile, are increasing rapidly, requiring quick and efficient forms of settlement.”

The new law, which would take effect next January 1, would also create an equal legal footing for both Vietnamese and foreign enterprises, said the vice chairman of the National Assembly’s Justice Committee, Pham Quy Ty.

Retailers said public relations campaigns should be conducted to raise awareness among enterprises of the advantages of arbitration, said Dinh Thi My Loan, secretary general and standing vice chairwoman of the Association of Viet Nam Retailers.

Source: VNA

Source: QDND

First-grade pupil can solve 9th grade math problems

In Uncategorized on May 31, 2010 at 9:23 am

The first-grade pupil Nguyen The Thien, 6, of the N.T. H Primary School in Ho Chi Minh City can solve mathematical problems designed for 7, 8 and 9th graders.

Nguyen The Thien receives a prize of Kumon school for the best student.

The “child prodigy” always gets 10 marks for math problems and can solve quickly equations involving two and three unknowns.

Children are usually interested in toys and games; meanwhile Thien pays attention to numbers. He has a very good memory. He could write and spell his name by the age of 4, said his father, Nguyen The Tri.

Thien has a spirit of self-discipline that bolsters his natural intelligence. After watching a cartoon on TV, he immediately studies until 9 pm, his father added.

When he was 5, his father took him to the Kumon School to foster his mastery of basics mathematics.

Managing director of the school said that Thien solved their entry examination equations quickly and easily. She also tested his skill by giving two tests at a higher level, which Thien also passed promptly.

After just one month at Kumon, Thien completed the math curriculums of the 1,2,3 and 4th grades. To date, after one year in Kumon, he is studying math program designed for students of the 9th grade.

Thien is a special student that we will keep a close track of, the director said.

Toru Kumon, a teacher, developed the Kumon Method in Japan 50 years ago and parent who wanted to help his son do better in school.
Kumon is an individualized method of instruction suitable for all ages. Placing great importance on the ability of each student, Kumon aims to foster and nurture each individual’s character and learning potential.
Kumon reading and math programs help children master those fundamental skills crucial to their overall academic performance.
With centers in 44 countries, Kumon has helped more students succeed worldwide than any other after-school program

Source: SGGP

New educational program helps learners solve life challenges

In Uncategorized on May 10, 2010 at 12:46 pm

To help all classes of the society improve their educational level, a new multi-leveled education program is in the works.

The Ministry of Education and Training is creating new education programs that aim to provide all segments of society with knowledge of law, environmental protection, physical fitness and business matters.  Officials hope the program will be helpful for people to solve life’s challenges.

Flexibly designed, the program includes over 1,500 classes, addressing many important issues in society. Under the plan, individual provinces would be able to choose which programs address the needs of their particular communities.

The ministry will consider input from all segments of society while designing the new educational programs.

Source: SGGP

Russia, Ukraine presidents meet to solve gas dispute

In Uncategorized on April 21, 2010 at 8:31 am

Russian President Dmitry Medvedev visits Ukraine Wednesday for the first time since President Viktor Yanukovych took power, hoping to boost improving ties by ending a dispute on gas prices.

Russi’s President Dmitry Medvedev and Ukraine’s President Vicktor Yanukovich

Medvedev and Yanukovych are to hold talks in the northeastern Ukrainian city of Kharkiv, barely 50 kilometres (30 miles) from the Russian border, with officials trumpeting a new era in ties between Moscow and Kiev.

Russian-Ukrainian relations plunged to a post-Soviet low under Yanukovych’s predecessor Viktor Yushchenko, whose staunchly pro-Western policies riled Moscow so much that Medvedev refused to have any dealings with him.

But the election of normally pro-Kremlin Yanukovych in February led to an immediate warming of relations and officials are boasting that this is the fifth high level meeting between the two sides in just two months.

Yanukovych defeated the leaders of the 2004 Orange Revolution who swept to power on promises to build a new future of a prosperous Ukraine in Europe free of Russian influence that deeply troubled the Kremlin.

Yet the process has not been entirely smooth, with Yanukovych seeking to fulfill one of his election promises by pushing for Moscow to slash by a third the price Kiev pays for Russian gas imports.

An agreement may be announced in Kharkiv after officials announced last week that an accord had already been reached at a government level.

The talks are due to start at 1000 GMT with announcements expected at around 1200 GMT.

Gas remains a hugely sensitive issue between Russia and Ukraine after a row in January 2009 led to Russia turning off the taps to Ukraine, which in turn left many European countries short of gas.

The Kremlin confirmed in a statement ahead of the talks that the issue of gas supplies would be discussed as well as the status of the Russian Black Sea fleet which is based in Crimea in southern Ukraine.

The fleet’s lease runs out in 2017 and Russia is keen to ensure it stays at the strategic base after that. Yanukovych has indicated this may be possible, in contrast to the opposition of Yushchenko.

Source: SGGP

E-commerce conference to help solve e-sector’s troubles

In Vietnam Science on September 8, 2009 at 5:09 pm

A specialist conference will be held on August 28 for domestic companies that intend or are trying to expand their business via the Internet, HCM City-based BOM Informatics Corp. announced August 25.

A conference, “Marketing via internet,” on August 28 will give local businesses more information about Internet commerce (Photo: Courtesy of BOM Informatics)
The conference, with the slogan “Hay de khach hang tim thay ban” (Help customers find you), features various topics, including appropriate sources of information about potential customers in America, Japan, Europe and the Middle East; general information about search engine marketing; virtual and affiliate marketing; and methods to analyze the effects of Internet marketing strategies.
With a recent figure of 1.5 billion Internet users worldwide published by Internet World, 21.5 million of them in Vietnam published by Vietnam Internet Network Information Center, BOM believes that the Internet is one of the most useful tools for businesses to not only promote their business to potential customers, but also to understand customers’ needs.
The conference is part of the roadshow “Applied I.T for business management.”
The conference will start at 8.30am at the Ho Chi Minh Development Learning Center (District 3).
Entrance is US$50 per person.

Source: SGGP

Experts urge urban management to help solve HCM City flooding

In Uncategorized on October 16, 2008 at 12:27 pm

Experts say that serious flooding, like what took place in Nguyen Huu Canh Road, Binh Thanh District earlier this week, must be controlled. — VNA/VNS Photo Trang Duong

HCM CITY — Good management of the city’s urbanisation and economic growth is the only sustainable solution to HCM City’s flooding woes, experts have said.

The infrastructure projects currently under way could only deal with flooding after it happens rather than address the causes, they said.

A recent report by the People’s Committee admits there are still around 100 locations in the city that are flood-prone, exactly the same as in 2000, though flood-prevention measures were carried out in recent years.

The report blames illegal encroachments of rivers and canals and heavy rains for the flooding.

The experts preferred to look at the bigger picture and blame it on haphazard urbanisation and economic growth.

Encroachment along the city’s rivers and canals has limited the flow of water, causing water levels to rise higher every year.

While the sea level in neighbouring Ba Ria — Vung Tau Province has remained unchanged since 1990, the city’s rivers and canals have risen an average of 1.5 cm a year.

The experts said cementing of land surfaces and emissions from vehicles and factories were making the city’s microclimate warmer as well as bringing more rain.

Flooding situation

Ho Phi Long, deputy head of the city’s Flood and Storm Control Committee, said the flooding occurs not just in low-lying districts.

Districts situated higher, like 9, 12, Binh Tan, and Tan Phu, now have the largest number of waterlogged sites, he said.

While some old sites have been improved, new flooding sites are springing up, he said.

Despite having many canals for draining water from rains and high tides, the city’s south, including Districts 7, Nha Be and Can Gio, have also been waterlogged since 2006.

In the inner city, both the number of sites and frequency of flooding are up.

In Nhieu Loc – Thi Nghe area alone, 12 spots were flooded 60 times in 2003. The figures increased to 13 and 64 times in 2006.

The city currently has in the works four large flood-prevention projects at a cost of around US$800 million using Official Development Assistance funds.

They include the Nhieu Loc-Thi Nghe canal drainage project and the Hang Bang irrigation canal drainage project. The projects are expected to be completed by 2010. —