Daily Archives: October 20, 2019

Young, Lively Workforce Key to Innovation, says Ctrip Chairman James Liang

Ctrip Chairman James Liang (pictured) speaks at the 6th World Internet Conference in Wuzhen.

WUZHEN, China, Oct. 20, 2019 (GLOBE NEWSWIRE) — James Liang, Co-Founder and Executive Chairman of Ctrip Group, today attended the 6th World Internet Conference in Wuzhen, where he stressed the importance of maintaining a young, skilled and entrepreneurial talent pool into the future. For China, he says, the future of innovative capacity depends largely on the ability of policymakers to ensure that the country’s workforce maintains its vitality, or risk losing its competitive edge.

Liang, an accomplished Internet business leader and renowned demographer, has spoken at length on the relationship between talent retention and innovative capacity of national economies. “In order for a country to maintain its innovative capacity, public policies should be designed to ensure the quality, vitality, and size of its workforce into the future,” said Liang.

With a view to Liang’s own business background, the Internet industry in China has experienced decades of sustained unprecedented growth. Set to outpace the United States over the next few decades, the country’s rise to technological innovation powerhouse has been, according to Liang, in large part due to the sheer scale of both its talent pool and consumer base. “China produces more college and PhD graduates annually than the United States,” he said. “It also has a massive online population of 900 million Internet users, making the country fertile ground for Internet innovation.”

There is still a way to go, however, says Liang. Chinese innovators are quickly emerging as competitors to renowned US makers, but in many cases, are yet to establish a reputation internationally. “This is completely normal,” said Liang. “Scale will see Chinese firms continuing to drive innovation, and with time, their value will be recognized internationally.”

It’s not all cut-and-dried, though. China’s scale and relatively young workforce has played an important role in driving entrepreneurship in the country to date, but without intervention, the country faces the real possibility of losing its competitive edge. The solution, says Liang, is for the government to view a large population as a resource rather than a liability.

“It’s a fact that inventors and scientists are most productive in their 30s, and most entrepreneurs start firms at this age. In an aging society, young workers occupy lower positions in organizations, have fewer skills, and less access to financial resources,” he said. “Without intervention, China will have one of the oldest workforces in the world by 2040. China is now in an economically strong position to encourage fertility, and should do so, to ensure that entrepreneurship and innovation do not dwindle over the coming decades.”

China is today home to one of the most vibrant Internet economies in the world, and with the right policies in place, will continue to enjoy growth and be an innovation powerhouse well into the future. In the long-run, though, the tech race will be won by the nation that identifies its strength in human resources and best utilizes it, says Liang. “The US attracts masses of highly skilled migrants, and India is set to become home to the largest population on Earth. If China fails to take measures to ensure its competitive edge, either of these countries could conceivably take over,” he said. “It all comes down to the talent pool, and who manages it with respect to their own competitive advantage to best encourage innovation.”

About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. It is the largest online consolidator of accommodations and transportation tickets in China in terms of transaction volume. Ctrip enables business and leisure travelers to make informed and cost-effective bookings by aggregating comprehensive travel related information and offering its services through an advanced transaction and service platform consisting of its mobile apps, Internet websites and centralized, toll-free, 24-hour customer service center. Ctrip also helps customers book vacation packages and guided tours. In addition, through its corporate travel management services, Ctrip helps corporate clients effectively manage their travel requirements. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.

For further information, please contact:
International PR
Ctrip.com International, ltd.
Tel: (+86) 21 3406 4880 ext 196455
Email: Pr@ctrip.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68d18ac7-1c48-433c-9938-ac43caa680b4

PM to attend Japanese Emperor’s coronation ceremony

Hanoi Prime Minister Nguyen Xuan Phuc will attend the coronation ceremony of Japanese Emperor Naruhito in Tokyo from October 22-23 at the invitation of Japanese government.

The PM’s attendance at the event reflects Vietnam’s appreciation for Vietnam � Japan extensive strategic partnership and significant progress in bilateral ties.

Vietnam and Japan established diplomatic ties on September 21, 1973. During State visit to Japan by President Truong Tan Sang in March 2014, the two countries upgraded their ties to the level of extensive strategic partnership for peace and prosperity in Asia.

Their leaders maintained regular visits and exchanges at regional and global forums, with Emperor Akihito’s Vietnam visit in 2017, President Tran Dai Quang’s visit in May 2018, Prime Minister Nguyen Xuan Phuc’s attendance at the G7 Summit in May 2016, official visit in June 2017, and presence at the Mekong � Japan Summit in October 2018.

Both sides held a number of meetings of the Vietnam � Japan Cooperation Committee, the Vietnam � Japan strategic partnership dialogue on diplomacy � security � national defence at the deputy ministerial level, the deputy ministerial-level national defence policy dialogue, the deputy ministerial-level security dialogue, the Joint Committee on Trade, Energy and Industry, the ministerial-level agriculture dialogue.

Last year, Japan was Vietnam’s top important economic partner, the largest supplier of official development assistance (ODA), the second largest investor and the fourth largest trade partner. Two-way trade reached 29.16 billion USD in the first nine months of this year, up 5.6 percent annually. Of the figure, 14.98 billion UDS was Vietnam’s exports, up 8 percent year-on-year and the remaining up 3.3 percent.

As of September 2019, Japan had over 4,200 valid projects worth 60.36 billion USD in Vietnam, ranking second among 132 countries and territories investing in the country.

In 2018, the two countries signed three diplomatic notes on the exchange of non-refundable aid worth around 34 million USD. Japan committed a loan of roughly 142 million USD to vocational training in Vietnam.

In September 2015, they signed the medium and long-term vision of Vietnam � Japan agriculture cooperation, resigned the amended joint vision in May 2018. Japan has provided ODA for Vietnam’s climate change response projects in recent years.

Since 1992, Vietnam has sent a number of trainees to Japan, becoming the largest source of trainees for Japan with about 160,000 people. Vietnam sent 470 nurses and caregivers to Japan under a Memorandum of Understanding on Japan’s reception of Vietnamese nurses caregivers.

The two nations will continue discussing the possibility of negotiating a social insurance agreement.

Japan is one of the largest providers of non-refundable aid for Vietnam’s education-training sector. As of June 2018, Vietnamese students counted over 80,600, ranking second in Japan.

The Vietnam � Japan University, a joint effort between the two countries, looks to train a contingent of quality personnel in science-technology, management and services for Vietnam. Japan also assists in teaching Japanese language in several elementary and secondary schools in Hanoi and Ho Chi Minh City.

In October 2018, both sides signed a cooperation agreement on reducing the number of Vietnamese students that violate laws in Japan.

Last year, more than 826,000 Japanese people visited Vietnam, up 3.6 percent while over 389,000 Vietnamese travelled to Japan, marking a surge of 26 percent year-on-year.

In the first eight months of this year, Japanese arrivals in Vietnam topped 620.700 , up 18.3 percent from the same period last year.

On March 8, 2005, the two sides exchanged a diplomatic note on exemption of visa for Vietnamese and Japanese diplomatic and official passport holders who stay no more than 90 days starting from May 1, 2005.

Japan further loosened the issuance of multiple-entry visa on February 15, 2016 and single-entry visa for Vietnamese citizens on November 20, 2014, simplified short-term visa for officials, civil cadres and public employees from March 1, 2019.

Over 40 pairs of localities signed cooperation agreements, including Ho Chi Minh City � Osaka, Ho Chi Minh City – Nagano, Ho Chi Minh City � Yokohama, Da Nang � Sakai, Da Nang � Yokohama, Hanoi � Fukuoka, Dong Nai � Hyogo, Ba Ria-Vung Tau � Kawasaki, Phu Tho � Nara, Hue � Kyoto, Hung Yen � Kanagawa, Hai Phong � Niigata, among others.

About 330,000 Vietnamese people are living and working in Japan, mostly in Tokyo, and prefectures of Achi, Saitama and Osaka.

PM Phuc’s attendance at the ceremony will contribute to improving the efficiency of multilateral external work, popularising Vietnam as a dynamic, trustworthy and responsible partner of international community./.

Source: Vietnam News Agency

Vice President visits embassy in Jakarta

Jakarta Vice President Dang Thi Ngoc Thinh, now in Indonesia to attend a ceremony for the President and Vice President of the country to take their offices, on October 20 met with the staff of the Vietnamese Embassy in Indonesia, the ASEAN Secretariat and the Vietnamese mission to the regional group.

At the meeting, Ambassador to Indonesia Pham Quang Vinh reported to Thinh on their activities as well as the situation of the Vietnamese community in the country.

Over the recent past, the bilateral strategic partnership and cooperation have vigorously developed in all the fields, the diplomat said, stressing that Thinh’s visit affirms that Vietnam attaches importance to its strategic partnership with Indonesia, manifests support to the country in weathering all the difficulties an challenges, and attaches importance to the role an position of Indonesia in ASEAN and the international arena.

For his part, head of the Vietnamese mission to ASEAN Tran Duc Binh said the mission is currently focusing on the preparations for Vietnam to take over the ASEAN chairmanship for 2020. The diplomat expressed his belief that with its rich experiences, Vietnam will have a successful chairmanship, contributing to the acceleration of the relations between the bloc and partners as well as to the development of the ASEAN Community.

Thinh spoke highly of the achievements of the Vietnamese offices in Indonesia which she described as contributing to the strengthening and deepening of the bilateral strategic partnership.

She informed the participants of the situation in Vietnam and the outcome of the recent 11th plenum of the Party Central Committee. The Vice President also pointed out difficulties and shortcomings such as the low national competitiveness, unsustainable economic growth, and social problems.

As for the extremely complicated development in the East Sea, Thinh stressed the Party and State’s consistent advocate of resolutely safeguarding national sovereignty while maintaining an environment of security and peace for national development.

On the Vietnam-Indonesia relations, the Vice President highlighted that next year, the two countries will mark the 65th anniversary of the establishment of bilateral diplomatic relations, and they are also negotiating on the demarcation of the exclusive economic zones in the East Sea.

In conclusion, Thinh expressed her belief that with their rich experiences at international and regional forums, as well as in the context of the fine relations between Vietnam and Indonesia, Vietnamese offices will continue closely cooperate with one another, thus helping strengthen the bilateral effective and intensive relations and making active contributions to the national development./.

Source: Vietnam News Agency

National Assembly’s eighth session to begin on October 21

Hanoi The eight session of the 14th National Assembly (NA) will open at the NA Hall in Hanoi on October 21.

According to the schedule, NA members will pay floral tributes to President Ho Chi Minh at his mausoleum before gathering at the preparatory meeting to discuss and adopt the agenda of the session in the morning.

The opening ceremony will take place at the NA Hall at 9:00, and be broadcast live on national television and radio.

The eighth session will conclude on November 27. The legislature will focus their work on making laws and deciding socio-economic affairs, State budget, supervision and other important issues, including question-and-answer sessions.

Over the recent past, the NA’s Standing Committee, the Government, the NA Council of Ethnic Minority, NA Committees, NA delegations, parliamentarians, and competent organisations and individuals have made meticulous preparation for the contents to be submitted to the NA./.

Source: Vietnam News Agency