Current population in Vietnam touches 90 million — TalkVietnam

According to the General Office of Population and Family Planning under the Ministry of Health, the population in Vietnam will touch 90 million on November 1, 2013.

The population in Vietnam will touch 90 million on November 1, 2013

Vietnam is the 14th most populous country in the world and the third in Southeast Asia. The General Office of Population and Family Planning says the projection takes into account factors such as the country’s birth and death rate and the figure is very important for family planning tasks across the country.
If the current birth rate that sees each woman having an average of two children remains static, the population will probably be on track and target and hit 110 million by 2050 with 18 percent of elderly people over the age of 65. This would be an ideal population structure.
This indicates that Vietnam is entering a period known as ‘golden population structure’, meaning that every two or more people are working, with only one dependent family member.
This is a good opportunity for boosting socio-economic development as the country has around 63 million people of labor age and every year there will be one million laborers.
The period of ‘golden population structure’ only takes place once in the demographic history of each nation and will continue for 30-35 years. This is a unique opportunity in which the most favorable demographic structure possible can promote the process of industrialization and modernization in Vietnam.
Accordingly, in order to take full advantage of the ‘golden population structure’ to boost the economy, it is necessary to have good policies to enhance benefits for the young labor force and increase the number of jobs requiring highly-qualified and highly productive labor.





Current population in Vietnam touches 90 million — TalkVietnam

Real estate, bank share price falls clean out stock millionaires - News VietNamNet

VietNamNet Bridge – A lot of tycoons in the real estate market were listed as the richest stock millionaires in 2007--owing to the big volumes of shares they held. However, their asset values have fallen down sharply also because of the shares.

Mr Dang Thanh Tam

Trillions of dong in the big tycoons’ assets have evaporated since the share prices keep decreasing. A report by VnExpress, which conducted an analysis in the cooperation with VnDirect Securities Company, showed that 100 best money earners can accumulate 7200 billion dong from stock investment, while 100 biggest money losers lost 7950 billion dong from stock trade deals.

The losers are mostly the ones who hold real estate firms’ shares or bank shares which have seen the prices tumble in a very tough year for the two business fields.

The weak VN Index was seen right at the beginning of the year, staying at 350 points. It later exceeded he 400 point threshold sometimes, but then fell down again. The stock market, which has been uncertain in liquidity and interrupted price hike waves, is considered the main reason that has made a lot of big tycoons poorer this year.

Dang Thanh Tam, President of the Kinh Bac Urban Development Corporation (KBC), Member of the Board of Directors of Nam Viet Bank (NVB), President of SGT, a telecom technology firm, tops the list of the businessmen who have seen the asset value decreases.

By November 9, 2012, Tam had held KBC, SGT, NVB and ITA (the Tan Tao Joint Stock Company) shares which have seen the prices falling by 40-60 percent in comparison with earlier this year.

Tam did not sell or buy any shares over the last 10 months. However, the volume of ITA has increased because of the dividend of 30 percent.

The stock market price falls plus some troubles occurring with Tam and his family members have made Tam’s assets decrease by 574 billion dong to 820.2 billion dong. With the news, it is very likely that Tam would be excluded from the list of the 2012 top 10 stock millionaires, after five consecutive years of being present.

Nguyen Van Dat, President and CEO of Phat Dat Real Estate Corporation (PDR), proves to be the second biggest money losers to Tam.

Dat listed himself among the richest stock millionaires in the 2010 report with the huge amount of real estate firms’ shares he held at that time, when the real estate was “scorching hot,” and real estate shares were the blue chips.

Dat’s stock assets once outstripped the 2600 billion dong threshold in 2010. However, the asset value has decreased sharply over the last two years, while the 76.8 million PDR shares he is holding now has the value of 930 billion dong only, a decrease of 515 billion dong in comparison with the last year.

The list of the big tycoons who have suffered the asset value decreases includes many other well-known names, such as Nguyen Duc Kien, or mogul Kien, former Member of the founding committee of the Asia Commercial Bank (ACB), Nguyen Thi Nhu Loan, President and CEO of Quoc Cuong Gia Lai Group, and Tran Hung Huy, President of ACB.

Kien has not carried out any business activities after he was arrested some months ago. However, he is still holding 35.1 million ACB shares. Meanwhile, ACB share price has decreased by 26 percent over the last 10 years, which has made his asset value decrease by 168 billion dong to 524 billion dong.

VNE

HCM City woman suddenly dies, leaves $50 million | Look At Vietnam

I think I knew this woman.

HCM City woman suddenly dies, leaves $50 million

June 1, 2012

LookAtVietnam – A 65-year-old woman in HCM City died suddenly, leaving VND1 trillion (around $50 million) without a testament, resulted in a dispute between her adopted daughter and her relatives.

Ms. P’s brother at Sacombank on May 30.

This huge amount of money is now at the Saigon Commercial JS Bank (Sacombank).
The woman, named P, dropped dead in early 2011 without a will. She did not have children, only a 22-year-old adopted daughter, who was studying in Germany when she died. Ms. P adopted this girl when she was just born at HCM City’s Hung Vuong Hospital, and the daughter is recognized by the law.
In March 2011, Binh Thanh District Distrainers’ Office conducted inventory of Ms. P’s assets at the witness of the woman’s brothers and sisters, her adopted daughter and local police officers.
Distrainers had to work for nearly a week to check her assets, which include 100 taels of gold, $1 million, diamonds, 17 saving books worth hundreds of million USD. She also owned a lot of land, factories in HCM City and some southern provinces.
The woman not only kept gold, diamonds and money in strongboxes but also hid gold under her desk in her office. She also kept a lot of banknotes with face values of only VND200, VND500, VND1,000 and VND2,000.
The woman’s parents were Chinese, who produced rice vermicelli. They transmitted this trade to their children, including this woman.
At first, the woman produced vermicelli manually. She gradually expanded this trade and built factories. She bought a lot of land in HCM City and neighboring provinces. Her assets kept growing to millions of USD.
According to this woman’s workers, she lived very simply and often did charity in secret.
Ms. P has six brothers and sisters who also produce vermicelli and are rich. One of them currently owns a famous vermicelli brand. Two of them are living in Germany.
Most of Ms. P’s relatives want to keep her assets at bank, not giving to her adopted daughter. They and the Ms. P’s adopted daughter agreed to keep the assets at Sacombank by the end of March 2012. After this day, the adopted daughter wanted to withdraw it but the woman’s relatives did not agree because the conflict was not solved yet. They said that the huge assets were created by the efforts of the entire family, including those in Germany, who contributed money to Ms. P’s business.
The adopted daughter refused to answer any question about the assets. However, according to distrainers’ office, if she inherits the assets, she will donate it to UNICEF Vietnam.
Nam Nguyen

Accor puts a million rooms up for sale-20 February, 2009

Accor puts a million rooms up for sale

SINGAPORE - Accor has launched the largest-ever hotel sale staged in the Asia Pacific region, with 1,000,000 rooms on sale throughout 13 countries.

The sale commences at midnight February 24, (midnight in the country of the hotel being booked) until 11.59pm February 26, 2009.

Rooms at more than 300 hotels will be available for stays from April 1 – July 31, 2009 with discounts of up to 75 percent booked via www.accorhotels.com/supersale

Accor Hotel brands participating in the sale include Pullman, MGallery, Grand Mercure, Novotel, Mercure, all seasons and ibis.

Each participating country has a single sale rate – Australia US$52, Singapore US$60, Hong Kong US$55, Malaysia US$37 and Thailand US$38. Rates reflected are approximate US Dollar conversions at time of release.

Commenting on the launch of the three-day super sale, Accor Asia senior vice president sales and marketing, Ray Stone, said the super sale would provide a significant stimulus to regional tourism.

He added, “With an unprecedented range of cheap airfares, and now bargain hotel rooms, short-breaks and longer holidays have never been more affordable.

“People are looking for value in this difficult economic climate and these special rates will allow couples and families to get away for a quality holiday without breaking the bank.

“It will be a welcome boost to local tourism and all the businesses that rely on the industry for income and jobs.”