Vietnam on world newspapers

Bài của Bill Hayton phóng viên thường trú của BBC tại Hà Nội, về đánh thuế giày da của EU lên hàng Việt Nam
Vietnam counts cost of shoe penalties

http://news.bbc.co.uk/1/hi/business/5408628.stm
bản dịch đầy đủ của BBC Vietnamese
http://www.bbc.co.uk/vietnamese/vietnam/story/2006/10/061005_shoes_analysis.shtml

Em có đoạn này
"With a month to go before the mid-term elections the White House was put on the defensive over its IRAQ policy after the publication of Bob Woodward''''s latest book.
The veteran Washington insider depicts an administration striving *****ppress downbeat assessments about the situation in the country. "
Nhờ các cao thủ thử dịch cho em đoạn này với , cái đỏ 1 kia em khó dịch quá .
Câu thứ 2 em dịch là " Người cựu binh là thành viên của Nhà Trắng miêu tả , chính quyền đang cố gắng tìm cách che đậy những đánh giá không mấy lạc quan về tình cảnh ở quốc gia này " liệu có ổn không ạ .
Em cảm ơn nhiều
Được ttvnol_0001 sửa chữa / chuyển vào 22:11 ngày 09/10/2006

The Veteran Washington Insider là Bob Woodward đó, bạn nên có chữ này vào,vì có từ The. Người cựu binh là thành viên Nhà Trắng này.
Đoạn đỏ, là [bđang ở thế chống đỡ[/b] về chính sách IRAQ của họ

http://www.iht.com/articles/ap/2006/10/09/business/EU_FIN_ECO_WTO_Vietnam.php
Vietnam''s WTO accession talks slowed but entry still possible this year, officials say
The Associated Press
Published: October 9, 2006
GENEVA Vietnam''s attempt to enter the World Trade Organization has been held up over how the communist country will implement tariff reductions on certain goods and services, and whether it has amended legislation to fully comply with global commerce rules, officials said Monday.

Eirik Glenne, the Norwegian ambassador who chairs Vietnam''''s accession talks, said an agreement permitting the Asian nation to join the WTO would not be finalized in time for this week''''s meeting of the trade body''''s general council.
That means Hanoi will fail in its long-standing effort to join the WTO before it hosts a meeting of the Asia Pacific Economic Cooperation forum in mid-November, an event U.S. President George W. Bush is expected to attend.

Still, a final deal is taking shape and Vietnam could wrap up an agreement in principle in time for the meeting.

"For the first time, we have in front of us the complete package of documents representing Vietnam''''s terms of membership to the WTO," Glenne said. "Clearly this working party is now very close to completion."

Vietnam and the U.S. finished final bilateral market-access negotiations in May. Trade officials have said, however, that some work remains to be done on translating those deals into detailed commitments, which the country would apply to trade with all 149 WTO members.

Minor issues such as the trade in spirits are still outstanding. The working group is also working on completing a multilateral report that includes Vietnam''''s commitment to make its laws, rules and regulations comply with WTO agreements and to satisfy other members.

Glenne said it was still possible to complete an accession deal for Vietnam in time to call an early November meeting of the WTO''''s general council.

Once Vietnam''s membership has been approved, the country then has to ratify the deal. It could become a full member ?" the WTO''''s 150th ?" after a further 30 days. That would make early December the earliest it could join the Geneva-based body.

Truong Dinh Tuyen, Vietnam''''s trade minister, said in July that the country has brought in 24 new laws and numerous regulations, including commercial, enterprise and intellectual property laws, and pledges to implement WTO agreements on sanitary measures and technical barriers to trade immediately, rather than the country''''s original request to delay those for two years.

He claimed, however, that Vietnam was being asked to make greater commitments than current members in a similar position, such as a commitment to scrap agricultural export subsidies immediately, even though it is a low-income country.


Được vnbui sửa chữa / chuyển vào 03:21 ngày 10/10/2006

cảm ơn anh vnbui nhé ,em có các câu tiếp nè , nhờ các cao thủ giải đáp tiếp :
+" homeland sercurity bill" =" Dự thảo luật về an ninh quốc gia" đúng ko ạ
+"A man entered an AMISH schoolhouse in Pennsylvania and shot ten young girls, killing five.
The gunman, who committed suicide], apparently had a background of ***ual molestation but it is not thought he bore a particular grudge against the Amish"
Trong đoạn này , cái đỏ 1 nếu chỉ dịch là "đã tự sát thì có đúng ko ạ " ,cái đỏ 2 em dịch là "có thù cá nhân đối với trường Amish"
Cả câu 2 em dịch là "
"Người đàn ông có súng này đã tự sát ,dưòng như hắn có tiểu sử bị quấy rối ******** , tuy vậy không nhiều người nghĩ rằng hắn có thù cá nhân với trường Amish "
liệu có xuôi ko ạ ??

up nào

http://www.businessweek.com/ap/financialnews/D8L7GH981.htm
The Associated Press/HO CHI MINH CITY, Vietnam
By BEN STOCKING
Associated Press Writer
Vietnam WTO membership to cut both ways
NOV. 6 5:03 A.M. ET Banking on new business after Vietnam joins the World Trade Organization, electrical appliance maker REE Corp. added a new office tower to Ho Chi Minh City''s burgeoning skyline. But it''s also bracing for an onslaught of competition from global giants like Toshiba and Samsung.
For REE Corp. and for Vietnam, WTO membership will cut both ways.
"Joining the WTO will create a lot of opportunities," said Nguyen Thi Mai Thanh, the company''s general director. "But it will also present strategic challenges."
WTO members are expected to approve Vietnam''s entry on Tuesday, bringing to an end 10 years of negotiations with the communist country, which has recently begun accelerating the pace of market reforms. The deal will take effect 30 days after Vietnam''s National Assembly approves it, which it is expected to do swiftly
Tuesday''s vote is well timed, coming just days before Hanoi will be in the spotlight hosting the Asia-Pacific Economic Cooperation summit, which will draw leaders from 21 countries and thousands of business executives from around the world.
WTO membership will give Vietnam increased access to foreign markets and the opportunity to take trade grievances to a neutral arbiter, strengthening its hand against nations that accuse Vietnam of illegally dumping goods on their markets. In return, the country will be required to drop its high tariffs on foreign imports and eliminate subsidies for state-owned companies.
Foreign companies will enjoy far greater access to Vietnam''s economy, which has averaged 7.5 percent growth over the last decade, one of fastest rates anywhere in the world.
Many Vietnamese businesses, especially garment makers, are excited about new export opportunities. Others, like REE Corp., are eager *****pply goods and services to foreign companies that come to Vietnam.
But some businesses here -- particularly in banking, insurance and financial services -- also worry about the new competition WTO membership will bring. State-owned domestic companies, still steeped in the old central-planning mentality, will inevitably be forced to change or perish.
"Foreign competition is bitter medicine for Vietnamese enterprises, but it will help them become stronger," said Le Dang Doanh, an economist at the Ministry of Planning and Investment.
As of April 1, foreign banks will be able to operate their own, fully-owned branches for the first time, said Alain Cany, head of the European Chamber of Commerce and director of HSBC Bank''s Vietnam operations.
We are in a country of 84 million, most of them very young people who like saving and like buying," Cany said. "They will take loans from us and use our cre*** cards. It''s going to be a great market."
At the Eastern Asia Commercial Bank, one of Vietnam''s more successful banks, director Tran Phuong Binh is rapidly installing new ATM machines and opening new branches, some in rural areas that will be difficult for foreign banks to serve.
In ad***ion to introducing a new ATM card, Binh also developing a "take-out" service for customers, who can call and have money delivered to their house.
"We sometimes have to cross rivers to serve our rural customers," Binh said. "I don''t think foreign banks will be able to serve this market."
Unlike other foreign companies, American businesses may not be able to take advantage of the WTO agreement immediately because the U.S. Congress has yet to grant Vietnam "permanent normal trade relations" status. President George W. Bush hopes a PNTR bill will be passed before he visits Hanoi for the APEC summit Nov. 18-19, but that looks unlikely.
Among other obstacles, Sen. Mel Martinez, a Florida Republican, has been blocking consideration of the bill due to concerns about a Florida pro-democracy activist who is being held in a Vietnamese jail, suspected of plotting against the Vietnamese government.
The PNTR bill is expected to be approved eventually. But without it, U.S. companies will not be able to enjoy the benefits of the WTO agreement -- unless Vietnam decides unilaterally to treat them like other member countries.
Foreign investment in Vietnam has surged ahead of Tuesday''s vote, rising 41 percent in the last year. Foreign firms have been encouraged by Vietnam''s market reforms, which began tentatively in the late 1980s, moved in fits and starts during the 1990s and greatly accelerated over the last three years.
The government has approved new enterprise and investment laws that grant equal treatment to foreign and domestic firms, and it will soon approve a securities law that will increase the transparency of Vietnam''s small but booming stock market.
"Entering the WTO sends a very important signal that everything they have done so far is not just temporary," said Cristoph Wyesner, head of the European Commission''s political, economic and trade section in Hanoi.
Since the United States and Vietnam implemented a bilateral trade agreement five years ago, trade between the former foes has grown from US$1.2 billion in 2000 to US$7.8 billion last year.
Vietnam''s garment exports to the U.S. have skyrocketed, and the industry is hoping to reap even greater profits after joining the WTO, which will require the United States to lift quotas on Vietnam''s garment exports. But expectations have been tempered by ongoing negotiations on the trade normalization bill.
In response to concerns raised by two senators from the textile-producing states of North Carolina and South Carolina, the U.S. Commerce Dept. has struck an arrangement under which it will keep a close watch on Vietnam''s garment exports and initiate antidumping measures if the clothing is judged to be sold at lower-than-market costs.
Vietnamese garment manufacturers plan to tread carefully, limiting export growth to about 20 percent a year, said Nguyen Huu Binh, deputy general director of Vinatex, Vietnam''s largest garment company, which produces clothes for Wal-mart Stores Inc., Nike Inc., and other U.S. retailers.
"We don''t want them to bring anti-dumping cases against us," Binh said. "That would be even worse than quotas."
Vietnam also recently approved a franchising law that will make it easier for companies like McDonald''s and Starbucks to gain a presence in cities where U.S. chain stores remain largely absent.
If Vietnam''s cities lose some of their distinctiveness and become more like other bustling Asian cities, that''s just the price progress, said Doan Duy Khuong, vice president of the Vietnam Chamber of Commerce and Industry.
"In a market-driven, money-driven society, we can''t avoid the laws of life," Khuong said.

Vietnam tax deadline triggers listing stampede
By Amy Kazmin in Bangkok
Published: November 5 2006 21:34 | Last updated: November 5 2006 21:34
Vietnamese companies are rushing to list their shares on the communist country?Ts two small stock exchanges to take advantage of tax incentives due to be phased out at the end of the year.
In recent weeks, more than 40 groups ?" most of which have had shares trading in the informal over-the-counter market ?" have sought listings. Asia Commercial Bank, one of the country?Ts largest private banks, received clearance to list last week. John Shrimpton, a director at Dragon Capital, a local investment bank, described a ?overitable delugê? of applications ?" especially compared with companies?T past ambivalence. ?oIt?Ts an unprecedented wave of interest in listing,? he said.
The stampede began in September, after Hanoi announced that a two-year, 50 per cent tax reduction for newly listed companies that was used to entice firms onto the exchanges would not apply after December 31.

Jonathan Waugh, a director at PXP Vietnam Asset Management, a local fund management company, said the ending of the tax waiver might be part of Hanoi?Ts preparations for the partial privatisation and listing of big state enterprises including Bao Viet insurance, Vietcombank, a brewery and a mobile phone operator. Hanoi cannot afford tax breaks for such large groups, which are vital contributors to government revenue.
?oIf you get a certain number of those listing and enjoying a tax holiday, the budget could be seriously affected,? Mr Waugh said. ?oSo we think [the end of tax incentives] is a very strong indication that some of the larger state-owned enterprises will finally ?~equitisê?T and list in the next 12 months.?
Mr Shrimpton said Hanoi also wanted to cajole reluctant companies to make the leap into the formal market. ?oIf we see a decent chunk of these companies getting listed, the bottom line is that we are going to have the equity market cap somewhere in the region of $6bn, which is 10 times where we started the year,? he said.
Until now, Vietnam?Ts formal equity market had expanded sluggishly, in spite of the tax incentives, with firms wary of subjecting themselves to intensive regulatory scrutiny. Just 52 companies are listed on the six-year-old exchange in Ho Chi Minh City, with another 16 or so listed on the newer Hanoi market. By contrast, shares of at least 150 companies trade in the unregulated, over-the-counter market.
Both listed and OTC companies are generally small and medium-sized former state enterprises that have been
semi-privatised, with shares distributed to management, staff and the public.
Interest in Vietnam has soared, partly triggered by a Merrill Lynch report that called the country a ?o10-year buy? and urged investors to ?obuy equity exposure now?. But while the Ho Chi Minh City stock index has risen 66 per cent this year, many have struggled to gain a foothold as foreign holdings in many of the most attractive stocks are at or near the regulatory maximum.
Copyright The Financial Times Limited 2006

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ABN Amro Pays $4.5 Million to Vietnam Police in Trading Dispute
http://www.bloomberg.com/apps/news?pid=20601085&sid=aUtSRy5QcNyM&refer=europe
By Netty Ismail
Nov. 27 (Bloomberg) -- ABN Amro Holding NV, the largest Dutch bank, has deposited more than $4.5 million with the Vietnamese police to be held until a currency-trading dispute with a state-owned lender is settled, a police official said.
Amsterdam-based ABN Amro is being sued by Industrial & Commercial Bank of Vietnam, or Incombank, to recover losses from foreign-currency trades. The state lender this year accused traders at ABN Amro of helping to cause losses by conducting speculative trades for an employee not authorized to make such transactions. The police are overseeing the investigations.
ABN Amro has transferred the funds in a combination of U.S. dollars and Vietnamese dong into two police bank accounts, Do Kim Tuyen, deputy director of police in Hanoi, said by phone today. ``The money is being held temporarily by the police until the case is resolved in court,'''' he said.
Business groups, including the European Chamber of Commerce, have lobbied for a fair resolution to the case, which they say could undermine investor confidence in the communist-ruled nation. Vietnam, which is set to formally join the World Trade Organization by January, needs to uphold the rule of law to attract investors to an economy that the World bank says may expand faster than the government''s forecast of 8 percent growth.
``The rule of law and the institutions that enforce the rule of law need to be fairly compatible with what''s expected in relatively developed countries, and clearly Vietnam doesn''t have that,'''' said Peter Tebbutt, senior director of financial institutions at Fitch Ratings in Hong Kong. ``It''s just one issue that highlights a broader problem that Vietnam needs to work on over a number of years.''''
Four Arrests
Anna Langford, a Hong Kong-based spokeswoman for ABN Amro, didn''t answer calls made to her office and mobile phones. ABN Amro said on Aug. 11 the trades were valid and had been settled.
The Incombank employee said to be involved in the currency trades and four ABN Amro staff were arrested, the Financial Times reported on Aug. 8. Incombank is one of the country''s four main government-run lenders.
``Some individuals involved in this case still should face charges, but ABN Amro also has to take responsibility for not properly monitoring its staff,'''' Tuyen said.
ABN Amro transferred about $3.8 million into a U.S. dollar bank account at the Foreign for Trade of Vietnam, also known as Vietcombank, and 12 billion dong ($745,619) into a local-currency account at the State Treasury, Tuyen said.
The transfer was reported in Thanh Nien, a Vietnamese newspaper, Agence France-Presse said Nov. 25.
`Criminalization of Cases''
The European Chamber of Commerce in Vietnam sent Prime Minister *************** a letter in August, asking the leader to pay attention to the ``criminalization of business cases,'''' said Alain Cany, chairman of the business group and chief executive officer of HSBC Holdings Plc in Vietnam. The group has yet to receive an official reply, he said by phone today.
Foreign banks operating in Vietnam also sent a letter to State Bank of Vietnam Governor Le Duc Thuy and met with central bank officials to discuss the case, Cany said.
``In any country you operate, you have to be cautious about your dealings,'''' Cany said.
Prime Minister Dung said in October initial investigations into the dispute showed ABN Amro ``had seriously violated Vietnamese laws and international practices,'''' according to the government''s Web site.
Vietnam has the fastest-growing and newest stock market in Southeast Asia. The nation main bourse wants to increase the value of the six-year old stock market to between 20 percent and 30 percent of gross domestic product from 6 percent, Tran Dac Sinh, director of the Ho Chi Minh City Securities Trading Center, said in August.
To contact the reporter on this story: Netty Ismail in Singapore nismail3@bloomberg.net .
Last Updated: November 27, 2006 03:16 EST