NA Chairman meets US businesses in New York

(VOV) - National Assembly (NA) Chairman Nguyen Sinh Hung met a US business delegation on September 3 on the sidelines of the fourth World Conference of Speakers of Parliament, in New York City. US businesspeople told the top legislator that they hope he will facilitate US investments in Vietnam as a contribution to strengthening economic links between the two countries. Mr. Hung briefed guests on the results of 30 years of carrying out the Doi Moi (Renewal) process and said that Vietnam’s investment environment is beginning to open up and becomes more transparent. The law on foreign investments and other legalities have created a more transparent system thus luring increased foreign investment. Hung stressed that trade and economic cooperation are important motives for Vietnam-US relations, and that Vietnam considers the US as a leading economic and trade partner. He reiterated the nation’s willingness to create the best possible conditions for businesses, especially US … [Read more...]

Project to build $693mn expressway in southern Vietnam under consideration

Dozens of expressways have been built across Vietnam in recent years to meet the increasingly growing demand for travel.

A project to build a multimillion-dollar expressway to link Ho Chi Minh City to neighboring Tay Ninh Province has been submitted to the Ministry of Transport for consideration, a project management agency has said. Project Management Unit No. 7 (PMU7) said it has sent the project to the ministry with a view to easing the overload on the Trans-Asia section from the city to the Moc Bai border gate in Tay Ninh that borders Cambodia to the west. The expressway is expected to be about 59km, running parallel to National Highway 22, from the intersection of Beltway 3 and Provincial Road 15 in Hoc Mon District to the Moc Bai border gate, the PMU7 said. The project is estimated to cost over VND15,727 billion (nearly US$693 million) in total, of which VND10,727 billion ($477.1 million) will be spent on phase 1 and the rest on phase 2, according to the unit. If approved, the project will kick off in the first quarter of 2017. The longest expressway in the country is the 245km one that … [Read more...]

Welcome letter to ITE HCMC 2015 of Minister Hoang Tuan Anh

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On behalf of the Ministry of Culture, Sports and Tourism of the Social Republic of Viet Nam, I would like to extend a warm welcome to all distinguished guests, delegates and trade professionals from domestic and international tourism and travel organizations attending the 11th edition of the international Travel Expo Ho Chi Minh City – ITE HCMC 2015. ITE HCMC has been a chance for countries in the Mekong Basin including Cambodia, Laos, Myanmar, Thailand and Viet Nam and international organizations to gather in Ho Chi Minh City for the past 10 years. This event is the ideal networking platform for travel enterprises to introduce their own products and services not only in Mekong region but also form countries and travel cities inside and outside of the Asia Pacific. In 2015, ITE HCMC will upgrade in terms of space, quality of products, brands with the aim to develop the travel market. The annual ITE HCMC is becoming the effective playing ground of both domestic and international … [Read more...]

Embassies hold celebrations marking National Day

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Celebrations were held by the Vietnamese embassies in many countries around the world to observe the 70th anniversary of Vietnam’s August Revolution and National Day (September 2). At the banquet in Tel Aviv on September 2, Vietnamese Ambassador to Israel Ta Duy Chinh recalled the historic moment when President Ho Chi Minh read the Declaration of Independence to establish the Democratic Republic of Vietnam, now the Socialist Republic of Vietnam. He highlighted the country’s substantial achievements over the past 70 years which have helped raise its stature in the world, stressing that Vietnam will continue to be an active, responsible and trustful member of the international community in decades to come. He also underlined the sound progress in the friendship and multi-faceted cooperation between his nation and Israel and voiced the belief that bilateral ties will further advance for the sake of the two peoples’ interests and the global peace and security. … [Read more...]

Cambodia arrests 2 for destroying Vietnam boundary marker

Police in the Cambodian province of Tbong Khmum have arrested two men for allegedly damaging a pillar that marks the border between the country and Vietnam, Vietnam Plus reported on Wednesday. On August 31 the border police caught three men destroying the boundary marker No. 110.1, which is located in Da Commune, Memot District, the news website said. The police detained two of them as the other fled, it said, without mentioning their names. However, the families of these two suspects said they did not mean to damage the pillar and they unintentionally hit it because they were drunk. Earlier, on July 24 night, another border pillar also in Da Commune was damaged. However, the culprit has yet to be identified. … [Read more...]

Vietnam Airlines starts flying new Boeing Dreamliner on UK route

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Vietnam Airlines' Dreamliner at Heathrow Airport in London on September 1, 2015. Photo credit: Vietnam News Agency The country’s national carrier Vietnam Airlines has finished its first international flight with a Boeing 787-9 Dreamliner to London on Tuesday. Le Thanh Dung, director of the airline’s UK office, said during a ceremony to mark the event that it is the first carrier to fly a B787-9 Dreamliner nonstop between Southeast Asia and Europe, Vietnam News Agency reported. The airline launched services from Hanoi and Ho Chi Minh City to Heathrow last March and now plans to increase the frequency from four flights a week to daily next summer with the new Boeings. It started using the first Dreamliner in July, but for domestic flights first. The carrier, which now operates 14 Airbus A350-900 XWBs, said it plans to have 19 new Boeings by 2019. Boeing 787-9 Dreamliner is the all-new latest version of Boeing 787, which is more fuel-efficient and has a wider body. … [Read more...]

Serena struggles, Nadal also advances at US Open

Serena Williams of the United States reacts after defeating Kiki Bertens of the Netherlands during their 2nd round match. (Photo: AFP/Matthew Stockman/Getty Images)

Venus Williams remains on course to become the first woman since Steffi Graf to complete a calendar grand slam. NEW YORK: World number one Serena Williams shook off a woeful start Wednesday (Sep 2) to advance her quest for tennis history while Rafael Nadal joined her in the third round of the US Open. Williams, trying to complete the first calendar Grand Slam singles sweep since Steffi Graf in 1988, defeated 110th-ranked Dutch qualifier Kiki Bertens 7-6 (7/5), 6-3 at Arthur Ashe Stadium despite 34 unforced errors and 10 double faults. "I just kept fighting for each point, not for a lot but just one at a time," Williams said. "I had been pretty relaxed. Today I was a little tight. I think it showed. Hopefully I can get back to where I was before." The 33-year-old American, trying to match Graf's Open Era record of 22 career Slam singles titles and win an Open Era-record seventh US Open crown, improved to 50-2 on the year and sustained her march toward history. Spanish eighth seed … [Read more...]

Shares decline after mid-week holiday

The VN Index continued its downward trend this morning by losing 1.21 per cent to close at 555.51 points. VNS Photo Truong Gia Vi

Vietnamese shares extended their losses in the first morning session that followed a short mid-week break. The VN Index continued its downward trend this morning by losing 1.21 per cent to close at 555.51 points. Gas firms continued to decline and were the major reason for market's fall. Petrovietnam Gas Corp (GAS) and Petrovietnam Drilling and Well Service Corp (PVD) were two worst losers, decreasing 3.78 and 1.96 per cent, respectively. Other leading shares also fell. Bao Viet Holdings (BVH), Ma San Group (MSN) and Hoa Sen Group (HSG) dropped 3.05, 1.27 and 1.94 per cent, respectively. Securities shares, particularly, had a bad session, in which HCM City Securities Corp (HCM) and Saigon-Ha Noi Securities Inc (SSI) lost 2.83 and 3.5 per cent, respectively. Market liquidity was low, with only 45 million shares being traded, worth VND741.54 billion (US$33 million). Quang Nam Rubber Investment Co (VHG) was the most active share on the southern bourse, trading more than three … [Read more...]

Vietnam U19s through to AFF final

Duc Chinh scored a hat-trick.

Vietnam U19s will meet Thailand in the final match of the 2015 ASEAN Football Federation (AFF) U19 Youth Championship after defeating hosts Laos 4-0 in their semi-final on September 2. Ha Duc Chinh scored a hat-trick while Ho Minh Di also got his name on the scoresheet. Vietnam started the match confidently after convincing friendly wins in Hanoi, and Di wasted no time by opening the scoring for the visitors in the second minute. Laos responded to the early setback, roared on by their fans, and created several chances that goalkeeper Nguyen Thanh Tuan had to be alert to. Coach Hoang Anh Tuan urged his players to push forward after the break, and in the 51st minute, Chinh doubled the lead for Vietnam, before completing his hat-trick in the 58th and 83rd minutes. In the other semi-final on September 2, Thailand defeated Malaysia 5-0 with an impressive attacking display, but it took them until the 36th minute to break the deadlock through Ritthidet Phensawat. The lead was … [Read more...]

In pictures: Mass wedding sees 100 marriages

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VietNamNet Bridge - Tran Hai Quang and Le Thi Bich Lieu's dream wedding ceremony and party finally came true as the couple were part of the Mass Wedding of 100 Disadvantaged Couples sponsored by the HCM City Employee Assistance Centre. In Viet Nam, the wedding ceremony and party have more significance than a marriage certificate. They are often organised in restaurants with the attendance of hundreds of guests - the couple's relatives and friends. For low-income families, the party is often prohibitively expensive. Quang and Lieu had been married for five years prior the event but they could never afford a wedding party. Quang, who is from the Central Highlands province of Dak Lak, moved to HCM City to works as casual labourer with a stable income. Lieu of the Mekong Delta city of Can Tho was laid off because her company faced difficulties. Now she has no job. The couple, who rent a 9-sq.m room, live with their five-year-old daughter in the city's Thu Duc District. When they … [Read more...]

Tour of exploring Son Doong cave closed for four months

The greatness of Son Doong is the holy grail of science (Photo: Howart Limbert)

Tour of exploring Son Doong cave has been closed from thí month to the end of this year, announced director of Tourist Company Oxalis Adventure Tours Nguyen Chau A. According to regulations of the People’s Committee of Quang Binh province and British experts, Son Doong will not receive adventurers in the last months of the year for its environment protection and biodiversity conservation as well as giving porters and guides a chance to have a break. Son Doong cave tour in 2015 is full with about 482 local and international visitors. The US has the highest number of travelers with 145 tourists booking to the cave, followed by Australia with 123 people, Vietnam with 115 holiday makers and others countries. Quang Binh authorities have permitted Oxalis to operate the most expensive tour in Vietnam to explore the world’s largest cave Son Doong. Son Doong cave tour is not a pleasure trip or vacation, it is an exploration trip being full of obstacles and challenges, … [Read more...]

FDI enterprises fail to hold workers’ meetings

More than 80 per cent of the FDI enterprises in Dong Nai have not organised annual meetings of labourers, thus violating Resolution 60 of the government. — Photo www.ndh.vn

DONG NAI (VNS) — More than 80 per cent of Dong Nai Province's FDI enterprises have not organised annual meetings of labourers where they can speak to their employers about their aspirations and demands. This has violated Resolution 60 of the government, Deputy Chairman of the southern Dong Nai Province's trade union Nguyen Thi Nhu Y said. She said only 20 per cent of the FDI enterprises organised meetings of labourers every year, as requested by the resolution, while 100 per cent of the state enterprises respected the resolution. The resolution, in force for two years , aims to build a stable and convivial relationship between the members of the enterprises, as well as promote democracy and protect workers' rights. It focuses on regular dialogue between the employer and the workers every three months, and an annual meeting of the workers. However, many FDI enterprises do not understand the importance of these meetings and fail to respect the resolution, despite a promotion … [Read more...]

Domestic auto producers face fierce competition as import tax falls

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Vietnamese car manufacturers will face fierce competition from low-cost cars imported from India and ASEAN when import taxes are sharply cut next year. Local auto manufacturers face fierce competition The Vietnam Automobile Manufacturers Association (VAMA) estimated 200,000 vehicles per year would be sold in Vietnam in 2015, half of which were imported. The situation is worrying local car manufacturers due to the increasing number of imported vehicles. Imported cars currently face 50% and 70% import duties and excise taxes of from 40% to 60%. Meanwhile, local auto makers currently have to pay a tax of from 15% to 25% for imported components. It is thought that imported vehicles should hardly compete with locally made products, but the reality is the opposite. Many local auto manufacturers are worried that more imported cars are set to flow into Vietnam next year following the decreased import and excise taxes. From next January 1, completed vehicles imported from ASEAN … [Read more...]

Vietnamese zinc-coated steel not dumped in Australia

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The Australian Anti-Dumping Commission (ADC) has announced its decision to conclude its dumping investigation into zinc-coated (galvanised) steel imported from Vietnam. The Vietnamese trade mission in Australia said the ADC concluded that Vietnamese galvanised steel shipped to Australia was of unremarkable quantity and not sold at dumping prices, therefore posing no threat to Australia’s domestic steel production. Previously, in July last year, BlueScope Steel filed a complaint accusing Vietnamese zinc-coated steel of being dumped in Australia with a dumping margin of 16.26 percent. Although Vietnam’s steel, at around 12,524 tonnes, accounted for just 6.9 percent of total Australia’s zinc-coated steel imports, BlueScope Steel said Vietnamese steel caused significant damages to the domestic industry. As more and more lawsuits related to trade defence are expected when Vietnam further integrates into the world economic economy, Vietnamese businesses are … [Read more...]

President sends letter to teachers and students in new school year

In a letter to the education sector on the occasion of the news school year, President Truong Tan Sang proposed the Government, unions, families and the whole society to pay more attention as well as closely liaise with teachers and offer good condition for students. He also congratulated and lauded the education sector for achieving good result as well as sent his best wishes to all teachers, government workers in education sector and students across the country. In his letter, Mr. Sang stressed that for the last academic year, with the support of all agencies and the whole society, the education sector implemented new teaching methods to improve education quality. Thanks to endless efforts of teachers and students, Vietnamese students captured medals in internationals competitions, he said in the letter. For the new academic year, Mr. Sang asked the sector to continue promoting the movement "Good teaching and good learning" amongst teachers and students. Sector leaders should … [Read more...]

Saigon necklace robbery: Police seize motorbike linked to snatchers

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A still photo taken from a dashcam video shows two men on a motorbike before they snatch a necklace from a female driver. Police in Ho Chi Minh City on Wednesday said they have seized a motorbike in connection with a necklace robbery which was captured by a dashboard camera last week. The motorbike was registered two years ago under the name of a man in District 3, police said. It is not immediately clear if the man was involved in the crime. A dashcam video released Monday on news website VnExpress showed two men on a motorbike following a young woman riding a luxury motorbike on Dien Bien Phu Street in District 3 at 7:17 a.m. on Saturday. After the woman turned left to Pasteur Street to head to the city center, they approached her and grabbed her necklace. The street was quite empty. The woman collapsed. Nearby residents rushed over and helped the woman stand up. By then the snatchers had already fled the scene. Police said the video showed the license plate of the snatchers' … [Read more...]

Weaker yuan presses Vietnam’s rice price down

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VietNamNet Bridge - As predicted, importers have tried to lower Vietnam’s rice price after the Chinese government’s devaluation of the yuan. VnExpress quoted the Vietnam Food Association (VFA) as reporting that the rice price and sales may fall significantly because of the yuan depreciation. Chinese enterprises, which have to pay 4 percent more for rice import contracts with the payments in US dollars, are trying to force the price down to offset the loss they incur due to yuan depreciation. This coincides with Reuters’ prediction made in mid-August that Vietnam’s rice export price would decrease on the yuan and dong devaluation and the abundant supply. VFA then announced the lower floor export price of $330 per ton, a 2.9 percent decrease, for 25 percent broken rice. The decision was released in the context of the sharp fall of 8.8 percent decrease in exports in the first seven months of the year. Le Thanh Danh from Vinafood 1 confirmed that Chinese … [Read more...]

Creative hub to open in Hanoi

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VietNamNet Bridge – An art, creativity and entertainment complex, set to open tomorrow in Ha Noi, will gather together individuals, businesses, and organisations making up the creative industry in Viet Nam. Located at 1 Luong Yen Street, Ha Noi Creative City promises to provide a special zone for artistic and creative activities. It is designed to inspire and contribute to the educational process, development of creative abilities and artistic awareness of the young generation in Viet Nam. On opening day, visitors will have the opportunity to join various activities, including receiving henna tattoos, painting flowering and collages using henna ink originating in Arabia, body painting, glass ball juggling and street music. Ha Noi Creative City is a model artistic – creative complex which includes offices for lease. The first to tenth floors are public spaces which include retail and service shops, restaurants, bars, clubs, galleries, museums, parks, private … [Read more...]

Vietnamese nationals win Talk! Talk! Korea 2015 contest

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VGP - The Korean Ministry of Foreign Affairs of the Republic of Korea (RoK) in collaboration with the Korean Culture and Information Service and the KBS World have held a video contest entitled "Talk! Talk! Korea." Under the theme of "What comes to your mind when you think of Korea", nearly 16,000 works from 143 countries were submitted to the contest this year, doubling the submissions collected in the previous event. The contest invited foreign fans of Korean culture to express Korea through their own eyes. The event aimed to celebrate the 70th anniversary of Korean Independence. Pham Trinh Phuong Thanh, from Viet Nam won the first prize of the webtoon or online comics category, drawing watercolor paintings that portray a journey to the RoK through a hole in the garden. Nguyen Thi Truc Ly came second for the postcard category with the work describing Korea’s beauty in four seasons of the year through traditional dresses hanbok while Pham Minh Thang was announced the … [Read more...]

Vietnam orders more gas stations in big cities to sell biofuel

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A man refills his motorbike with biofuel E5 at a station in Ho Chi Minh City. Photo credit: Petrolimex Vietnam’s government is pushing for more consumption of a locally-produced biofuel blend which has remained unpopular since it was launched last year. The prime minister issued an order this week asking eight major cities and provinces to make sure the gasoline grade E5, which contains 5 percent of cassava-based ethanol, is available at at least half of their gas stations by the end of November. Hanoi, Hai Phong, Da Nang, Can Tho, Ho Chi Minh City and the provinces of Ba Ria-Vung Tau and Quang Nam started selling the product last December. Quang Ngai Province, home to the country’s sole refinery and one of its three ethanol production plants, launched it last September. But official surveys found that only 10-25 percent of gas stations in these cities and provinces are selling the environmentally friendly alternative. The ratio was lowest in Hanoi, around 6.5 percent, … [Read more...]