Giao Trinh TH Dich

8/6/2019 Giao Trinh TH Dich

1/30

PART I : BIG ECONOMIESText 1: U.S. Economy: Service Companies Expanded Faster in

JulyService industries expanded in July at a faster pace than forecast, reflecting an

increase in employment that eases the risk U.S. economic growth will slacken in thesecond half of the year.

The Institute for Supply Managements index of non- manufacturing businesses,which covers about 90 percent of the economy, rose to 54.3 from 53.8 in June.Readings above 50 signal expansion and the median estimate of economists surveyed

by Bloomberg News called for a drop to 53. Another report showed companies addedmore jobs than projected last month.

Record-low mortgage ratesmay prevent housing from slumping much more, whileJulys rebound in stock prices, the first gain in three months and the biggest in a year,will probably help underpin consumer confidence. Coming on the heels of ISMsmanufacturing data this week that showed the factory rebound cooled, the report

diminishes the risk the recovery will fade.This should alleviate concern that we suddenly hit a wall and things are getting

worse, said David Resler, chief economist at Nomura Securities International Inc. in New York, who projected the index would rise. We are not developing themomentum needed to get the unemployment rate down any faster, but its a sign weare not in danger of a free fall.

Payrolls excluding government agencies climbed by 42,000 workers last monthafter a 19,000 June increase, according to figures from ADP Employer Services.Economists surveyed by Bloomberg had forecast a gain of 30,000, according to themedian estimate.

Shares GainStocks rose on the brighter economic outlook. The Standard & Poors 500 Index

rose 0.6 percent to 1,127.24 at the 4 p.m. close in New York. Treasury securities fell,pushing the yield on the benchmark 10-year note up to 2.95 percent from 2.91 percentlate yesterday.

The median forecast for the ISM services index was based on 77 projections.Estimates ranged from 51.5 to 54.7. The index averaged 53.7 in data going back to1997.

The ISM non-manufacturing employment gauge climbed to 50.9, the highest levelsince the recession began in December 2007, from 49.7 in June. The measure of neworders rose to 56.7 from 54.4.

The key thing in looking at this report has always been the employment index,Anthony Nieves, chairman of the ISM services survey, said in a conference call fromBeverly Hills, California, with reporters.

A Good SignUntil we see this as a sustainable index above 50 for at least a full quarter, we

wont know exactly where were heading, Nieves said. The gain in the overall indexis a good sign, especially with employment breaking above the 50 base line.

The Labor Department in two days may report private payrolls grew by 90,000 lastmonth while total employment fell by 63,000 due to the winding down of thedecennial census, according to the median estimate of economists surveyed byBloomberg. Unemployment probably rose to 9.6 percent from 9.5 percent, they

forecast.
http://www.bloomberg.com/apps/quote?ticker=NAPMNMI:INDhttp://www.bloomberg.com/apps/quote?ticker=NAPMNMI:INDhttp://www.bloomberg.com/apps/quote?ticker=NAPMNMI:INDhttp://www.bloomberg.com/apps/quote?ticker=NMCMFUS:INDhttp://www.bloomberg.com/apps/quote?ticker=NMCMFUS:INDhttp://www.bloomberg.com/apps/quote?ticker=CONCCONF:INDhttp://search.bloomberg.com/search?q=David%20Resler&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1&partialfields=-wnnis:NOAVSYND&lr=-lang_jahttp://www.bloomberg.com/apps/quote?ticker=NAPMNEMP:INDhttp://search.bloomberg.com/search?q=Anthony%20Nieves&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1&partialfields=-wnnis:NOAVSYND&lr=-lang_jahttp://www.bloomberg.com/apps/quote?ticker=NMCMFUS:INDhttp://www.bloomberg.com/apps/quote?ticker=CONCCONF:INDhttp://search.bloomberg.com/search?q=David%20Resler&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1&partialfields=-wnnis:NOAVSYND&lr=-lang_jahttp://www.bloomberg.com/apps/quote?ticker=NAPMNEMP:INDhttp://search.bloomberg.com/search?q=Anthony%20Nieves&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1&partialfields=-wnnis:NOAVSYND&lr=-lang_jahttp://www.bloomberg.com/apps/quote?ticker=NAPMNMI:IND


2/30

Text 2:Ra mt Din n Doanh nghip Vit Nam - Hoa K

10:25 (GMT+7) - Th Su, 9/4/2010

Vit Nam lun coi cc doanh nghip Hoa K l i tc quan trng cho s phttrin kinh t

Ngy 8/4 ti H Ni, Din n Doanh nghip Vit Nam Hoa K chnh thc ramt, vi s tham d ca gn 200 v i din lnh o c quan Nh nc, Chnh ph,doanh nghip.Pht biu ti bui l, B trng - Ch nhim vn phng Chnh ph Nguyn XunPhc nhn mnh, Vit Nam lun coi cc doanh nghip Hoa K l i tc quan trngcho s pht trin kinh t Vit Nam. Vic thnh lp Din n Doanh nghip Vit Nam- Hoa K s gp phn thit thc, hiu qu, to ra s i mi, thc y pht trin mnhm hn na quan h thng mi u t gia hai nc...

K t khi hai nc chnh thc thit lp quan h ngoi giao, c bit Tha thun khungv u t v thng mi (TIFA) c k kt, quan h thng mi Vit Nam - Hoa K pht trin mnh m. Hoa K l th trng xut khu ln ca Vit Nam, vi cc mthng dt may, thy sn, giy dp, c ph, du th... Kim ngch thng mi hai chiut 14 t USD.

Nm 2009, trong bi cnh khng hong kinh t, mc d nhp khu ca Hoa K gimtrn 30%, nhng ring nhp khu t Vit Nam gim rt t, ch 1,8%, ch yu do gi cgim, cn v khi lng thm ch c nhng mt hng cn cao hn trc y. Lnghng Vit Nam nhp khu t Hoa K cng tng trng t mc trn 250 triu USDvo nm 1995 ln hn 3,1 t USD vo nm 2009.V u t, Hoa K hin l mt trong nhng nh u t ln trong s 83 quc gia vvng lnh th u t vo Vit Nam. Ring nm 2009, Hoa K l nh u t s 1 Vit Nam. Quan h kinh t, thng mi hai nc ang pht trin mnh m v tngu trong cc nm, tuy nhin mc tng trng ny cn khim tn cha xng vi timnng hai nc. Din n Doanh nghip Vit Nam - Hoa K s gp phn thc y hnna quan h hp tc doanh nghip song phng.

Ngi Michael W.Michalak, i s Hoa K ti Vit Nam nh gi, Din n s toiu kin hn na cho cc doanh nghip hot ng kinh doanh ti th trng Hoa Kv Vit Nam, ng gp vai tr quan trng vo vic thc y quan h hp tc kinh tgia hai nc v gip cho cc doanh nghip Vit Nam hi nhp nhanh v vng vnghn. ng thi, l ni gip cc doanh nghip Hoa K tm c i tc ng n ti

Vit Nam m rng cc hot ng sn xut kinh doanh ca mnh.


3/30

Theo b ng Th Hong Yn, Ch tch Din n, chc nng chnh ca din n lxy dng knh i thoi cng - t hu hiu doanh nghip ng gp vo vic xydng chnh sch i vi th trng Hoa K; tp hp kin ngh t cc thnh vin trnh ln cc c quan hu quan hai pha, to sn chi bnh ng cho mi thnh phnkinh t, gp phn thc y pht trin kinh t Vit Nam v quan h Vit Nam - Hoa

K.y cng l cu ni hai nc thng xuyn gp g trao i trc tip v khai thchu hiu c hi hp tc kinh t v u t. ng thi, tng cng hp tc vi cc hiphi doanh nghip Hoa K ti Vit Nam, Hi ng Thng mi Hoa K - Vit Namcng nh Hi ng Kinh doanh Hoa K - Asean nhm thc y ton din hp tckinh t thng mi Vit Nam - Hoa K.

http://vneconomy.vn/20100409102032509P0C5/ra-mat-dien-dan-doanh-nghiep-viet-nam-hoa-ky.htm

Text 3: China allows release of IMF report

China had previously blocked the annual report's release because it objected to the

IMF's view that its currency, the yuan, needed to be a lot stronger.

The report contained some criticism, saying "several directors agreed that theexchange rate is undervalued", but added that others disagreed.

However, it has been suggested that the report has been toned down.The Reuters news agency said that the final report omitted a staff estimate,

contained in a draft version, that the yuan was between 5% and 27% undervalued.Many commentators believe that China manipulates its exchange rate to give it a

competitive advantage, keeping its value low in order to boost its exports.The European Union and the US have both called for China to allow its currency to

strengthen, and last month Beijing took its first step toward making the yuan moreflexible, when its central bank raised the centre point of the currency's official trading

band."I would hope to believe the fact that the Chinese decided to release the staff report

reflects a view on their part that the report was balanced, was fairly reflective of theirviews as well as the staff's views and the overall picture... was even-handed," said theIMF China mission chief Nigel Chalk.

China has not been the only country to refrain from publishing the IMF's staffreport. According to a review of the IMF's transparency policy in 2009, about 88% ofreports are published.
http://vneconomy.vn/20100409102032509P0C5/ra-mat-dien-dan-doanh-nghiep-viet-nam-hoa-ky.htmhttp://vneconomy.vn/20100409102032509P0C5/ra-mat-dien-dan-doanh-nghiep-viet-nam-hoa-ky.htmhttp://vneconomy.vn/20100409102032509P0C5/ra-mat-dien-dan-doanh-nghiep-viet-nam-hoa-ky.htmhttp://vneconomy.vn/20100409102032509P0C5/ra-mat-dien-dan-doanh-nghiep-viet-nam-hoa-ky.htm


4/30

Text 4: Bong bng bt ng sn Trung Quc - him ho ivi kinh t ton cu

VIT- Trong lc M ang tm cch khi phc nn kinh t sau cuc khng honga c th Trung Quc li ang lm vo tnh cnh gn ging vi nc M thi tinkhng hong. Nhiu nh phn tch lo ngi, nhng bong bng bt ng sn ca TrungQuc c th tr thnh mi him ho mi i vi nn kinh t ton cu trong tng laikhng xa.Bong bong bt ng sn c du hiu xut hin ti Trung Quc t cui nm 2009.Theo thng k ca chnh ph Trung Quc, trong thng 10/2009 gi nh t ti 70thnh ph tng 3,9% so vi cng k nm trc, mc tng ln nht trong vng 14thng. Trong khi gi nh t ti 20/70 thnh ph ca Trung Quc nhy vt tnht 1% so vi mt thng trc . Tnh trng bong bng khng ch xut hin ccthnh ph duyn hi sm ut, m Nam Kinh, Trng Khnh v Cn Minh cng nhiuth trn khc cng phi chng kin tnh trng ny.

Tp ch Time cho rng, vic bt ng sn tng gi qu nhanh lm cho Bc Kinh trnn kh x trong quyt nh khi no v lm th no chm dt cc bin php kchthch nhm a nn kinh t tr li qu o bnh thng. Trong thc t chnh cc bin

php kch thch kinh t lm to ra bong bng bt ng sn.Trong nm thng u nm 2010, lng tin do gii u t v u c vo th trng

bt ng sn tng 38,2% so vi cng k nm 2009. Trong 10 thng u nm 2009,tng cc khon cho vay mi c thc hin h thng ngn hng ln mc 1,3nghn t USD, tng 144% so vi cng k nm 2008.Hin nay, cc nh hoch nh chnh sch Trung Quc cng lo ngi rng ngi dn

khng th chu c mc gi tng n chng mt nh vy. Kt qu l lm nhu cutiu th b gim, iu m chnh quyn Trung Quc khng h mong mun khi tung racc bin php kch thch kinh t. Hu ht cc nh phn tch cng nhn thy nt tngng gia bong bng bt ng sn Trung Quc vi cuc khng hong a c ca M.Gn y, chnh ph Trung Quc c nhiu n lc ngn chn tnh trng leo thangdn n v tung ca cc bong bng, nh tht cht chnh sch tn dng v hn ch chovay. Tuy nhin, tnh trng n nn ti chnh quyn cc a phng do u t qu mcvo c s h tng lm tng thm lo ngi v vic bong bng bt ng sn s vtrong tng lai.
http://vit.com.vn/http://vit.com.vn/http://vit.com.vn/


5/30

Text 5: UK house prices rose 0.6% in July,UK house prices have continued to stabilise, according to the latest report from the

Halifax.Prices rose 0.6% in July, the Halifax said, reversing a fall seen in June, but values

have changed little since the start of the year.The annual house price inflation rate fell from 6.3% to 4.9%, with the averageproperty now costing 167,425.

Halifax said that the mixed pattern of prices rises and falls so far this year was"consistent with a slowing market".

It reiterated its view that prices would be "broadly unchanged" over 2010 as awhole.

"The increase in the number of properties for sale over the past few months,boosted by the recent abolition of home information packs, has relieved much of thepressure that was driving up prices in 2009," said Martin Ellis of the Halifax.

After the banking crisis of 2007 and 2008 prices started rising briskly again in the

spring of last year, but have been easing off for much of this year.According to the Halifax, the average house price hit a recent peak in January at

just over 169,000 but after falling back slightly since then they are now no higherthan they were last November.

The Halifax's survey is showing a very similar trend to that of its rival lender theNationwide.

Although the building society was less certain about the prospects for house pricesthis year, when it published its own report last week, its picture for the year so far isvery similar to that of the Halifax.

"The Halifax figures confirm that what we are seeing is a stabilisation in theproperty market rather than, as some have suggested, the beginnings of a sharpcorrection," said David Smith of property consultancy Carter Jonas.


6/30

Text 6: Kinh t Anh tip tc tng trng

Khu vc ch to hot ng tt hn dch v.Phng Thng mi Anh (BCC) thu thp d liu t 5.600 doanh nghip trn c

nc, d on tng trng trong ba thng tnh n cui thng Su t 0,6% v 0,7%.Tuy nhin, hin vn c quan ngi nghim trng v phc hi bn vng, BCC ni.BCC thy khu vc dch v ang cho thy nhng yu t gy lo lng ln nht.

Phn nhiu ca cu chuyn l v hai khu vc", ng David Frost, Tng gim c caBCC.ng ni "Ch to tng trng tt hn nhiu so vi khu vc dch v."ng ni thm rng BCC hi lng vi Ngn sch m chnh ph lin minh cng bthng trc."Nhng g gii doanh nghip tip tc ni vi chng ti l h mun chnh ph i phvi mc thm ht ln v r rng ngn sch khn cp cng a ra gii php v hnhng theo hng cc hi vin ca chng ti ch i," ng ni."Nhng cng lc th gii kinh doanh u bit rng cc bin php ny cng s c tacng ti nhng khu vc chnh ca Vng quc Anh."Tng xut khu

Cc thnh vin BCC bo tng trng chm trong bn l v dch v, vn chim khongba phn t GDP ca Anh.Hn na chi ph nhin liu ang tng khin gy sc p v gi, theo nhn xt ca 80%thnh vin khu vc ch to ca BCC.Tuy nhin doanh s bn hng xut khu tng n mc cao nht trong gn bn nm,ch yu l nh vo iu BCC gi l "t gi cnh tranh hn".Vic lm cng tng trong lnh vc ch to.Kho st ny c a ra hai ngy trc khi y ban Chnh sch tin t ca Ngnhng Trung ng Anh, ni chu trch nhim n nh li sut, s a ra quyt nh minht li sut s mc no.

http://www.bbc.co.uk/vietnamese/business/2010/07/100706_uk_econ.shtml
http://www.bbc.co.uk/vietnamese/business/2010/07/100706_uk_econ.shtmlhttp://www.bbc.co.uk/vietnamese/business/2010/07/100706_uk_econ.shtml


7/30

Text 7: German business confidence in biggest jump for 20

years

German business confidence jumped in July by the largest amount for 20 years, asurvey has indicated.

The Ifo Business Climate Index climbed to 106.2 in July, up from 101.8 in June, amuch bigger rise than analysts had expected.

The survey also showed improved expectations for the coming six months."This increase is the largest since German reunification. The German economy is

in a party mood," said Hans-Werner Sinn, the Ifo's president.The institute said the business climate in the manufacturing sector had "brightened

strongly".Promising signsAnalysts were surprised at the size of the jump in confidence."These are fantastic numbers. It's incredible what's going on," said Andreas

Scheuerle at Deka Bank."These great numbers underscore the fact that the German economy is really

running strong, especially compared to the rest of Europe."Ralph Solvern at Commerzbank said: "These numbers are just insane. The

economy is really growing strongly. We'll see a strong growth rate in the third quarteras well - the Ifo Business Climate Index is often spot on."

The survey was the third set of encouraging economic data in Europe in the past

two days.Also on Friday, official figures showed the UK economy grew by 1.1% between

April and June, almost double the 0.6% rate that many economists had forecast.On Thursday, another closely-watched survey - the European purchasing managers

index - also rose by more than expected, boosting confidence in the economicrecovery.

Investors are now awaiting the results of the European bank stress tests publishedlater, designed to assess how well banks are positioned to cope with future financialcrises.

http://www.bbc.co.uk/news/business-10739538

Text 8: y mnh quan h kinh t v thng mi Vit-c

Hin tng vn u t ca cc doanh nghip c vo Vit Nam l 1,2 t USD.Pht biu ti cuc hp bo c t chc ti thnh ph H Ch Minh , nhn dp k

nim 15 nm thnh lp Hip hi cc doanh nghip c ti Vit Nam (GBA), ngAlex ander Bischoff, Ch tch GBA nh gi cao nhng thnh tu ni bt m Vit

Nam t c trong vi thp k qua v cam kt tng cng hn na mi quan hkinh t v thng mi Vit c.

Hip hi cc doanh nghip c ti Vit Nam bao gm 150 thnh vin, i din cho sa dng ca cc ngnh cng nghip trn ton nc c, bao gm cng ngh cao,
http://www.bbc.co.uk/news/business-10739538http://www.tintucvietduc.de/vit-c-c-vit-5.htmlhttp://www.tintucvietduc.de/vit-c-c-vit-5.htmlhttp://www.bbc.co.uk/news/business-10739538http://www.tintucvietduc.de/vit-c-c-vit-5.htmlhttp://www.tintucvietduc.de/vit-c-c-vit-5.html


8/30

cng ngh thc tin, logistics, thng mi, t chc ti chnh, hng lut, vn phngchnh ph...

Cc thnh vin ca hip hi cung cp cng ngh v cc m hnh qun l tin tin nVit Nam nhm m rng kinh doanh, trang thit b c s. ng Alexander Bischoff

cho bit: hip hi khuyn khch cc mi quan h kinh doanh v thng mi Vit-ctheo nh hng pht trin bn vng v cht lng. Lnh vc m cc doanh nghipc quan tm l gio dc, c s h tng v mi trng.

Theo Phng cng nghip v Thng mi c ti Vit Nam, hin tng vn u t cacc doanh nghip c vo Vit Nam l 1,2 t USD. Kim ngch xut nhp khu cahai nc nm 2009 t con s 4,7 t USD, trong c xut khu sang Vit Nam 1,3t USD v nhp khu ca Vit Nam 3,4 t USD.

Hip hi cc doanh nghip c ti Vit Nam a ra nhn nh: Chu ang l mtcu chuyn thnh cng ca th gii, cc nh u t quc t ang dch chuyn ngun

vn u t sang Trung Quc, k n l Vit Nam. Cc doanh nghip c ngy cngquan tm n Vit Nam v mong mun pht trin cc mi quan h u t v thngmi, do t nc ny c tnh hnh chnh tr n nh, c ngun lao ng di do, tr,nng n v ham hc hi...

http://www.tintucvietduc.de/vit-c-c-vit-5.html
http://www.tintucvietduc.de/vit-c-c-vit-5.htmlhttp://www.tintucvietduc.de/vit-c-c-vit-5.html


9/30

PART IIText 1:May 10 tp trung pht trin th trng trong

nc(30/07/2010 08:46:00 )

Tng Cng ty May 10 - Cng ty c phn l mt trong nhng doanh nghip (DN)u tin ca ngnh dt may Vit Nam quan tm pht trin thng hiu ti th trngtrong nc. Doanh thu ni a ca cc sn phm may mc tng trng u hng nm,l c s DN ng gp nhiu hn vo Qu h tr ng bo vng bin o. Trongsu thng u nm, DN ng gp khong 120 triu ng vo qu ny.

Gim c iu hnh May 10 Thn c Vit khng nh: c th ng gp nhiu

hn cho chng trnh, th yu t quan trng nht l DN phi c thng hiu thi trangni a. Vi chin lc pht trin th trng trong nc, ngoi vic p dng cc tiu

chun v thit b cng ngh hin i, cn phi lun ci tin mu m, p ng nhiuphn khc th trng. Ngoi cc sn phm o s-mi truyn thng, thi gian gn yMay 10 a ra th trng dng sn phm b vt-tng nam, n p ng nhu cu ngitiu dng trong nc, nng cao tnh cnh tranh.

Lun ng u trong Top 5 hng Vit Nam cht lng cao, l DN tiu biu tondin ngnh dt may, sn phm ca cng ty c ngi tiu dng yu thch. n nayMay 10 tr thnh mt thng hiu thi trang dt may c ngi tiu dng Vit

Nam tin dng vi nhng dng sn phm nh: May 10 M serries, May 10 Series, May10 Expert, May 10 Prestige, May 10 Classic, Pharaon Series, Pharaon Advancer,Pharaon Classic, Pharaon EX, Cleopatre, Freeland, Chambray, MMTeen...

Trong nghin cu, thit k, cng ty ch trng cc yu t vn ha tng vng min,thi quen n mc a ra nhng sn phm ph hp th hiu ngi tiu dng Vit

Nam, nht l th trng khu vc pha bc. Ngoi vic u t, thu ht cc nh thit kthi trang ch ng a nhiu mu qun o ph hp th hiu ngi tiu dng, ccyu t kch c, kiu dng ca sn phm c tnh ton ph hp kch c v phong cchca ngi Vit Nam nhng vn tip cn xu th thi trang quc t, p ng cho nhiui tng tiu dng nhiu phn khc khc nhau

Vic kin tr thc hin mc tiu nng cao cht lng, a dng sn phm chim lnhth trng, lm cho thng hiu May 10 c li th cnh tranh ti th trng trongnc. n nay, sn phm ca May 10 khng nh c thng hiu ca mnh trongnc v nhiu nc trn th gii vi mng li phn phi rng khp, c b bn

nm chu a thch vi phong cch trang nh, lch thip.Gim c iu hnh Thn c Vit cho bit: Pht trin th trng ni a thngqua vic pht trin thng hiu mnh, m rng knh phn phi, a dng ha mu m,sn phm l gii php chin lc ng thi l b quyt thnh cng ca DN. tip tcm rng th trng, DN thnh lp trung tm kinh doanh thng mi, pht trin mhnh chui siu th bn l nhm ch ng a sn phm ca DN n vi ngi tiudng c nc, cnh tranh vi sn phm nhp khu, thc hin mc tiu t doanh thuni a 150 t ng trong nm 2010.

(Theo Nhn Dn)


10/30

Text 2: Standard Chartered profits up 10%

The majority of Standard Chartered's business is done in AsiaStandard Chartered has reported a 10% rise in first-half profit, helped by a

reduction in its impairment provisions for bad loans.The bank announced a pre-tax profit of $3.12bn (1.96bn) for the first six months

of the year, up from the $2.84bn it made in the same period last year.Standard Chartered is based in the UK but generates about three-quarters of its

profit in Asia.In June it raised $537m through a share offering in India.It became the first foreign company to list Indian Depositary Receipts in Mumbai,

which show ownership of shares in an overseas firm."This has been an eventful as well as a successful six months for Standard

Chartered," chairman John Peace said.But he added: "These remain challenging times. There is fragility in the global

economy and nervousness in financial markets.

"While there is economic improvement in our markets of Asia, Africa and theMiddle East, they are still dependent on a recovery in the West which is much lesscertain."

http://www.bbc.co.uk/news/business-10862401
http://www.bbc.co.uk/news/business-10862401http://www.bbc.co.uk/news/business-10862401


11/30

Text 3: Types of Small Business StructuresByLahle Wolfe, About.com

Making the right decision about the legal and corporate structure of your businessis critical to your long-term success. How you establish your business will affectownership rights, your personal liability risks, and how you can operate the business.

The following is a simple breakdown of some of the different types of businessstructures most commonly formed in the United States.

CorporationsTo incorporate a business you must file Articles of Incorporation with your

Secretary of State. All nonprofit corporations require a board of directors, officers anddirectors. Most corporations can also have shareholders and voting members (whousually pay dues).

Corporations are governed by a set of Bylaws, which are usually filed along withArticles of Incorporation. Corporations become a legal entity that "owns" itself.Corporations can have their own bank accounts, assets, and even secure financing.

Advantages: Personal liability is usually limited to the amount an individualinvestor has invested in the corporation. Certain representatives of the corporation cansign for loans on behalf of the corporation, rather than having to personally co-signfor loans.

Disadvantages: Corporations are subject to regulations that do not apply toother types of business structures. Incorporating can be expensive, and foundingdocuments require specific legal language. Since no one person owns a corporation,founders can lose control if a board of directors or membership votes to change theway business is done.

Limited Liability Corporation (LLC)To establish an LLC you must also incorporate. It is one of the simpler ways to

start a business, and is becoming one of the most popular ways to structure a business. Advantages: The owners of an LLC are generally not personally liable for the

LLCs debts. LLCs have the choice of paying taxes as a partnership, corporation, orsole proprietorship. For individuals who do not meet the criteria for an IRS Scorporation, this may reduce taxes.

Disadvantages: Incorporating a business can be expensive and requires filingArticles of Incorporation with your Secretary of State. You may need an attorney tohelp you write your founding documents.

The Limited Liability Partnership (LLP)An LLP is similar to a general partnership; however, in an LLP, each partner is not

liable for the actions of other partners. If one partner dies, the LLP automatically

ceases. Advantages: LLPs do not need to have a board of directors or hold meetings.

The LLP is not liable for taxes because income passes through to the partners, whoare individually responsible for taxes. Partners are not liable for the actions of other

partners. Disadvantages: Many states do not recognize LLPs and those that do often

limit LLPs to professionals (i.e., lawyers, accountants, architects, etc).Sole ProprietorshipsThe sole proprietorship is the easiest way to form a business. It is subject to the

fewest regulations of all business structures. For tax and legal purposes, the businessis the owner. When the owner dies the business automatically ceases.

Advantages: Sole proprietors own the business and everything the businessowns. They maintain control over the business, and there are no legal regulations that
http://womeninbusiness.about.com/bio/Lahle-Wolfe-42171.htmhttp://womeninbusiness.about.com/bio/Lahle-Wolfe-42171.htmhttp://womeninbusiness.about.com/bio/Lahle-Wolfe-42171.htm


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Text 4: ARTI Vit Nam: N lc gip DN nng cao sccnh tranh

ARTI VN ra i vi mc tiu nng cao nghip v cho i ng nhn lc khngch lm vic cho cc Cty qung co, truyn thng m c b phn truyn thng cc

DN.Ban lnh o ARTI gm nhng ngi thnh danh t cc DN thuc nhiu lnh vckhc nhau nh: marketing, thng hiu v qung co. Do , vi kinh nghim iuhnh DN, h nhn thy r, nhng yu t lm nn thnh cng ca cc DN trong qukh khng cn ph hp trong iu kin hin ti. Thu hiu c thch thc y, ARTIVit Nam nm bt kp thi v nhanh chng a ra nhng chng trnh o to knng chuyn su v marketing, qung co, xy dng thng hiu, quan h cng ng,t chc s kin...

Theo ng Kim Dng - Ph Ch tch Hip hi Qung co Vit Nam, Vintrng Vin Nghin cu v o to qung co Vit Nam: Trong khi cc nc pht

trin, qung co t lu c coi l ngnh cng nghip th VN, lnh vc ny cnkh non tr. Nhiu Cty truyn thng, qung co ra i trong nhng nm gn ynhiu nhng hot ng cha thc s hiu qu, th phn ang b cnh tranh gay gt bicc DN nc ngoi. Mt khc cc DN bt u quan tm v thnh lp b phn truynthng nhng nhn s m nhim v tr ny khng c o to. Nhng im yu trn nh hng n kh nng cnh tranh, hi nhp ca cc DN Vit Nam. T thc t, ARTI Vit Nam ch ng tm hiu, hc hi m hnh o to ca Hc vin Qungco Singapore mt i tc chin lc v nhng m hnh ngnh cng nghip qungco pht trin. Vin xy dng c khung chng trnh o to qung co chuynnghip bao gm cc kha hc chuyn ngnh: marketing, qung co, thng hiu,quan h cng ng, t chc s kin...

Tnh n cui nm 2009, ARTI Vit Nam thc hin c 14 kha hc TPHCM v H Ni, cng nhn tt nghip cho hn 200 hc vin. Con s ny cha lnnhng n l minh chng cho phng chm o to qu h tinh bt qu h a nhmm bo cht lng o to ca ARTI Vit Nam.

Khng ch quan tm pht trin o to, ARTI cn tp trung nghin cu chuynngnh, lm tin nng cao cht lng o to cho s pht trin bn vng ca Vin.

Nm 2010, ARTI Vit Nam tp trung bin son gio trnh nghip v chuyn ngnhqung co l PR v Event. Gio trnh s h thng v chun ho v chng trnh PR,Event phc v cho chng trnh o to ca Vin, cc trng i hc, hoc lm tiliu tham kho t hc, t nghin cu.

Trong nhng kha hc thi gian va qua, hc vin ca ARTI Vit Nam khng chc cc DN ln nh Unilever Vit Nam, Toyota Vit Nam, Vit Nam Airlines, Ngnhng nh nc Vit Nam, ACB, ANZ, Sanofi Avantis,... m cn n t nhiu DNkhc. iu ny khng nh cht lng o to k nng truyn thng chuyn su caARTI Vit Nam nhn c s ng h tch cc t pha cc DN. y cng l s ghinhn nhng n lc v c gng ca ARTI Vit Nam v mc tiu ng hnh cng ccthng hiu, gp phn gip cc DN truyn thng v lm truyn thng c hiu qu,xy dng v nng cao gi tr thng hiu Vit. l tm huyt v cng l n lc mARTI Vit Nam lun c gng hng ti.

http://dddn.com.vn/20100205101246370cat70/arti-viet-nam-no-luc-giup-dn-nang-cao-suc-canh-tranh.htm
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Text 5: Goldman Sachs Group Inc.Company InformationThe Goldman Sachs Group, Inc. (Goldman Sachs) is a bank holding and a global

investment banking, securities and investment management company. The Companyprovides a range of financial services to customers, including corporations, financialinstitutions, governments and high-net-worth individuals. Its depository institutionsubsidiary, Goldman Sachs Bank USA (GS Bank USA), is a New York State-chartered bank. It operates in three segments: Investment Banking, Trading andPrincipal Investments and Asset Management and Securities Services. In March 2010,the Company's subsidiaries sold the La Francia mine and related infrastructure assets,including Concession 5160, and Adromi Capital Corp., the holder of the La Francia IIconcession, to a subsidiary of The Goldman Sachs Group, Inc. In May 2010, NexenInc. sold its natural gas trading operations to a unit of The Goldman Sachs Group, Inc.

Richard Drew/Associated PressUpdated: July 16, 2010Goldman Sachs has arguably been the most successful firm on Wall Street for

decades, with some of the world's biggest private equity and hedge funds andinvestment bankers and traders who practically minted money.The bank was humbled along with the rest of Wall Street in 2008 when the

financial markets crashed, turning itself into a commercial bank holding company andsurviving the meltdown with federal assistance. In 2009, it led the Street's resurgenceand was the first to seek to pay back its bailout money. But its hardball tactics andsupersized profits drew new scrutiny and criticism.

And in April 2010, the bank was accused of securities fraud in a civil suit filed bythe Securities and Exchange Commission that claimed the bank created and sold amortgage investment that was secretly devised to fail. The move marked the first timethat regulators have taken action against a Wall Street deal that helped investors

capitalize on the collapse of the housing market. Goldman itself profited by bettingagainst the very mortgage investments that it sold to its customers.On July 15, Goldman agreed to pay $550 million to settle federal claims that it

misled investors in a subprime mortgage product as the housing market began tocollapse in 2007.

If approved by a federal judge in Manhattan, the fine by the Securities andExchange Commission would be only a dent in the balance sheet of Goldman, whichearned $13.3 billion last year. Even so, the settlement is a blow for Goldman, whoselucrative and elite reputation endured through the financial crisis, only to be battered

by a series of high-profile investigations that shed light on the web of potentialconflicts of interest that bound the bank to investors and to the now-stricken housing

market.
http://www.nytimes.com/2010/04/17/business/17goldman.htmlhttp://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-orghttp://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-orghttp://documents.nytimes.com/goldman-mortgage-documenthttp://documents.nytimes.com/goldman-mortgage-documenthttp://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-orghttp://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-orghttp://www.sec.gov/news/press/2010/2010-123.htmhttp://topics.nytimes.com/top/reference/timestopics/subjects/c/credit_crisis/index.html?inline=nyt-classifierhttp://topics.nytimes.com/top/reference/timestopics/subjects/c/credit_crisis/index.html?inline=nyt-classifierhttp://www.nytimes.com/2010/04/17/business/17goldman.htmlhttp://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-orghttp://documents.nytimes.com/goldman-mortgage-documenthttp://documents.nytimes.com/goldman-mortgage-documenthttp://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-orghttp://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-orghttp://www.sec.gov/news/press/2010/2010-123.htmhttp://topics.nytimes.com/top/reference/timestopics/subjects/c/credit_crisis/index.html?inline=nyt-classifier


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PART III: INTERNATIONAL TRADE

Text 1: VASEP ngh thnh lp Qu bo v cht lng vbnh n gi c tra

13:51 03/8/2010(InfoTV) - Hip hi Ch bin v xut

khu thu sn Vit Nam (VASEP) va

ngh thnh lp Qu Bo v cht lng v

bnh n gi c tra theo c ch th trng.

Qu ny c thc hin bng cch thu ph

xut khu t sn phm c tra vi mc 0,05

n 0,1 USD/kg nhp vo Qu. Qu ny

do Ban ch o sn xut v tiu th c tracng cng ng doanh nghip ch bin v

xut khu c tra qun l.

Theo ng Dng Ngc Minh, Ph Ch tch Hip hi ch bin v xut khu thu sn

Vit Nam, Qu ny c thnh lp gi vng v m rng th trng xut khu c

tra trong tnh hnh cc th trng ti chnh u c xu hng tng cng cc ro cn k

thut v thng mi. Qu ny cng nhm h tr ngi nui v cc doanh nghip nui

c tra p dng tiu chun Global GAP trn vng nui ca mnh; ng thi h tr chiph chng cc v kin thng mi nh hng n xut khu c tra; h tr vic bnh

n sn lng v gi c tra theo bin ng th trng.

ng Dng Ngc Minh cho bit thm: th trng M mnh, chng ta c nhng

chng trnh phn i nhng chnh sch ni xu cht lng c tra. Vc thnh lp Qu

Bo v cht lng v bnh n gi c tra s gp phn vo vic .

http://www.infotv.vn/xuat-nhap-khau/tin-tuc/47667-vasep-de-nghi-thanh-lap-quy-bao-ve-chat-luong-va-binh-on-gia-ca-tra
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Text 2: Leather, footwear exports riseHCM CITY Leather and footwear exports rose 13.8 per cent in the first

seven months to US$2.75 billion, according to the Viet Nam Leather and Footwear

Association.

Nguyen Van Khanh, its general secretary, said the country remained the world's

fourth largest footwear producer and exporter.

Viet Nam turns out 800 million pairs of shoes of various kinds, 120 million bags,

and 150 million square feet of tanned leather products a year and exports them mainly

to the US, EU and Japan.

Exports to the US rose sharply in the first seven months to $700 million,

accounting for 25 per cent of the country's total exports.

The growth in exports to the US was a positive sign since the EU, Viet Nam's key

market, no longer offered preferential tariffs for Vietnamese shoe products under the

GSP (Generalised System of Preferences), he said.

The EU was also set to extend anti-dumping duties on Vietnamese leather-capped

shoes until 2011.

Tran Ngoc Quan, head of the EU Division at the Ministry of Industry and Trade's

Europe Market Department, said the obstacles to exporting leather and footwear to the

EU could still remain this year.

To boost exports in remaining months this year, Vietnamese exporters should

focus on high-value contracts, the association said.

If the sector continued to maintain the current export growth rate, however, the

year's target of $4.6 billion could be achieved, it said.

However, a shortage of labour had become the biggest problem for footwear

companies and was affecting exports.

Large companies should consider building dormitories for workers to retain them,the association added. VNS

http://vietnamnews.vnagency.com.vn/Economy/Business/202214/Leather-footwear-exports-rise-.html
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Text 4: Ho Chi Minh City expects Promotion Month tospur trade

Date : 05/08/2010

A special Sales Promotion Month will kick off in HCMC on September 1,featuring a consumer goods fair and mobile sales teams in 87 different sites plusspecial discounts at scores of shopping venues, the organizers said on Monday.

Tran Vinh Nhung, deputy director of the Department of Industry and Trade, told apress conference held on Tuesday at the Saigon Times Group that the 6th SalesPromotion Month would be joined by hundreds of traders and would reach out toconsumers far and wide. Nhungs department is collaborating with the Department ofCulture, Sports and Tourism to launch the month-long shopping spree.

Nhung said this Sales Promotion Month will include many activities.Firstly, the Sales Promotion Fair with almost 400 display booths selling clothes,

food, cosmetics, and tourist services will be a gathering place for both traders andconsumers, while mobile sales teams will be dispatched to outlying districts such asBinh Chanh, Hoc Mon, Cu Chi, Nha Be, and Can Gio. These teams will also targetworkers from industrial parks and export processing zones in the city.

A new activity in the month is a road show for enterprises that have been awardedwith green prizes for use of eco-friendly materials, or have done well in wastetreatment. Accordingly, between September 11 and 26, products of four greenenterprises comprising Vinamilk, Colgate, Unilever and Kido will be exhibited in

private areas in 46 stores of Saigon Co.op across the country.So far some 270 enterprises with over 1,000 sites have agreed to join the program

selling goods with prices marked down by between 4% and 49%. The discount is at

17% on average for garment and textile products, 15% for food and beverage, and13% for cosmetics.

"Enterprises will continue to register with the department from now to the end ofAugust," a department official said.

Along with the event, the organizer will release 20,000 guidebooks on theshopping sites and products that are on offer. Other activities are also updated on thewebsitewww.khuyenmai.hcmc.vn

Source: The Saigon Times Daily


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Text 5: Vietnams garments exports up 17.4 percentDate : 03/08/2010

Vietnam earned 5.87 billion USD from garment exports in the first seven months

of this year, a year-on-year rise of 17.4 percent.The country has also seen a positive growth in most of its export markets as

compared to the same period last year, reported the Vietnam Garments and ApparelAssociation (Vitas).

The Republic of Korea (RoK) topped the list of markets with an 80 percent growthrate thanks to a reduction in tariff in line with the ASEAN-RoK Free TradeAgreement. It was followed by ASEAN, with a growth rate of 30 percent; the US, 23

percent and Japan, 15 percent.In addition, domestic companies have begun to ship raw materials overseas,

especially fibres, instead of only finished products as previously.

The Chairman of Vitas, Le Quoc An, said that many businesses have receivedorders for the third quarter and some even for the whole year plus prices have risen by10-15 percent year-on-year.

The industry is likely to reach its yearly target of 10.5 billion USD in exportturnover, including 1.8-1.9 billion USD from fibres, he said.

To ensure sustainable development, businesses have made every effort to boostdomestic sales, with an average annual growth rate up to between 15-18 percent.

General Director of the Vietnam Garments and Textiles Group Vu Duc Giang saidthat the industry earned 6 trillion VND from the domestic market in the first half ofthe year, a year-on-year increase of 28 percent.

The sector now has more than 1,500 shops and distributors across the country.

Many companies, including May 10, Nha Be, Viet Tien and Thang Long, haveopened shops to sell tailor-made products and linked up with others to set up chains ofstores.

Source: VNA


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PART IV: FINANCE AND INVESTMENT

Text 1:a DVD Vit Nam b p thu chng bn ph giti n

kin (0)

a ghi DVD-R v DVD-RW b p thu chng bn ph gi c m HS 8523.Tng v Chng bn ph gi thuc B Cng Thng n (DGAD) khng

nh c hin tng bn ph gi i vi sn phm a ghi DVD-R v DVD-RW nhpkhu t Malaysia, Thi Lan v Vit Nam.Theo tin t Cc Qun l Cnh tranh (B Cng Thng): DGAD xc nh cc nh snxut/xut khu ca Malaysia, Thi Lan v Vit Nam bn sn phm a ghi DVD-Rv DVD-RW (Digital Versatile Discs - Recordable c m HS 8523), ti th trng n thp hn gi tr thng thng.C th bin ph gi ca Malaysia l 34,05% (tng ng 35,92 USD/1.000chic); Thi Lan mc 22,51% (tng ng 25,98 USD/1.000 chic) v Vit Nam

l 64,09% (tng ng 50,51 USD/1.000 chic).Vic iu tra ca c quan ny xut pht t n khi kin ca Hip hi Sn xut aquang hc n (ODMWA) Vit Nam c duy nht mt doanh nghip l Cng ty TNHH Ritek Vit Nam thamgia qu trnh iu tra v cung cp thng tin cho c quan iu tra n . Do , doanhnghip ny c hng mc thu sut ring l 29,75 USD/1.000 chic. Cn cccng ty khc ca nc ta phi chu mc thu l 50,51 USD/1.000 chic.Malaysia v Thi Lan khng c doanh nghip no hp tc vi c quan iu tra n. Theo , cc doanh nghip xut khu ca hai nc trn s phi chu mc thusut chung tng ng l 35,92 USD/1.000 chic v 25,98 USD/1.000 chic.

Nm 2008-2009, a ghi DVD-R v DVD-RW ca Vit Nam chim th phn 12,11%

ti n . Sn phm ca Malaysia v Thi Lan ln lt chim th phn l 3% v1,7%.Trc , vo ngy 6/3/2009, DGAD xc nh cc nh sn xut/xut khu caIran, Malaysia, Hn Quc, Thi Lan, UAE v Vit Nam bn sn phm a CD-Rti th trng n thp hn gi tr thng thng vi bin ph gi tng ng lThi Lan: 22,7%; Hn Quc: 75,6%; Iran: 68,9%; UAE: 93,7% v Vit Nam: 54,6%.

Sau , B Ti chnh n ra quyt nh p dng mc thu i vi a CD-R caVit Nam l 46,94 USD/1.000 chic. Mc thu chng bn ph gi ny c hiu lc tngy 13/3/2008.Theo iu 9A Lut Thu hi quan n , thi gian p thu chng bn ph gi l 5

nm k t ngy p thu bt u c hiu lc.Key words: (Optical Disc Manufactures Welfare Association - ODMWA).
http://vneconomy.vn/20100716103115453P0C10/dia-dvd-viet-nam-bi-ap-thue-chong-ban-pha-gia-tai-an-do.htm#divComment%23divCommenthttp://vneconomy.vn/20100716103115453P0C10/dia-dvd-viet-nam-bi-ap-thue-chong-ban-pha-gia-tai-an-do.htm#divComment%23divCommenthttp://vneconomy.vn/20100716103115453P0C10/dia-dvd-viet-nam-bi-ap-thue-chong-ban-pha-gia-tai-an-do.htm#divComment%23divCommenthttp://vneconomy.vn/20100716103115453P0C10/dia-dvd-viet-nam-bi-ap-thue-chong-ban-pha-gia-tai-an-do.htm#divComment%23divCommenthttp://vneconomy.vn/20100716103115453P0C10/dia-dvd-viet-nam-bi-ap-thue-chong-ban-pha-gia-tai-an-do.htm#divComment%23divComment


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