Vietnam 19s through to AFF final

(VOV) -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. Viet Nam 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...]

Top legislator meets UN General Assembly President

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National Assembly Chairman Nguyen Sinh Hung met with President of the 70th UN General Assembly Mogens Lykketoft on September 2 (Vietnam time) on the fringes of the fourth World Conference of Speakers of Parliament in New York. The Vietnamese top legislator congratulated Lykketoft on his election as President of the 70th UN General Assembly. He voiced his hope that the spirit of the Hanoi Declaration will be reflected in documents of the upcoming UN Summit on approving the post-2015 Development Agenda. Since becoming an official member of the UN, Vietnam always seriously abides by regulations of the UN Charter, he stated. NA Chairman Hung highlighted Vietnam’s commitments to continue with efforts to fulfil sustainable development goals (SDGs) and criteria to be adopted by the UN. Vietnam perpetually wishes to protect and consolidate peace and national security, and better cope with climate change as the country is among those most severely affected by the phenomena, he … [Read more...]

Flag-raising ceremony in Monaco marks Vietnam’s IHO membership

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(VOV) - On September 2, the International Hydrographic Organization (IHO) on September 2 hosted a flag-hoisting ceremony of Vietnam in Monaco marking the nation’s 84th official members of the organization. The event was attended by Rear Admiral and Deputy Commander cum Chief of Staff of the Vietnam People’s Navy Pham Xuan Diep, representatives from the Ministry of Foreign Affairs, the Defence Ministry, IHO President Robert Ward along with IHO senior officials in Monaco. The Southeast Asian nation’s admission to the IHO aims to carry out Party State policies on international integration and marks a new milestone in the history of the development of the Vietnam People’s Navy as well as the hydrographic sector. By joining the IHO, the country has pledged to fully implement all regulations of the IHO Convention and make responsible contributions to ensuring maritime security and safety in the region and the world. Vietnam is also willing to cooperate with IHO … [Read more...]

Japan Aug services expand at fastest pace in almost two years

Activity in Japan's services sector expanded at the fastest pace in almost two years in August, a survey showed on September 3, as companies turned more optimistic on business conditions in a sign the economy may be bouncing back. The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) rose to a seasonally adjusted 53.7 from 51.2 in July to reach the highest since October 2013. The index remained above the 50 threshold that separates expansion from contraction for the fifth consecutive month. The index for business expectations rose to 56.0 from 54.8 in the previous month to reach the highest since September 2013. The index for new business eased slightly to 52.9 from 53.2 in July but still signaled solid demand. The reading on the services sector could ease concern about the economy after disappointing industrial production and household spending data for July. Japan's economy contracted in April-June as exports and consumer spending weakened, and the government is … [Read more...]

HCM City offers boat tour of Nhieu Loc-Thi Nghe Canal

Passengers are seen on board Gondola boats during a tour in the Nhieu Loc-Thi Nghe Canal in Ho Chi Minh City on September 1, 2015.   Photo: Tuoi Tre

Ho Chi Minh City’s Department of Tourism and Saigon Boat JSC has launched the first boat tour service with two options for journeys in the Nhieu Loc-Thi Nghe Canal. With the two-hour tour, tourists will pay VND220,000 (US$9.7) and VND110,000 (US$4.84) respectively for a one-way trip ticket. For the first option, they can sit around a table and have food or drinks allowed to be brought along when traveling aboard the Gondola boat, which is able to carry 4-5 passengers each time. Tourists can also choose a conventional boat, called Chong, which is designed like a small ferry to carry 7-20 passengers, for the other option. The boats will take passengers along a 4.5-kilometer session of the 8.7-kilometer canal running through District 1, District 3, Binh Thanh District, Phu Nhuan District, and Tan Binh District. They will depart from a wharf near the Thi Nghe Bridge in District 1 and stop at another one near Chantaransay Pagoda in District 3. While going on the tour, tourists … [Read more...]

Vietnam targets US$300b in export value

Vietnam aims to achieve an average annual export growth rate of 11 to 12 % during the 2015-20 period to achieve US$300 billion in export value by 2020. This is part of the plan on the export market development by 2020, with a vision towards 2030, which the government has approved, the Government's news portal chinhphu.vn reported. Under the plan, Vietnam will consolidate and expand the market shares of its products in traditional markets such as the Southeast Asian region, the Northeast Asian region (Japan, the Republic of Korea), China and Australia, as well as the US, the EU, Russia and Eastern European countries, besides Canada and India. The nation will also diversify export markets and expand to new markets with high potential in Africa and the Middle East as well as Latin America. It will limit its dependence to some key export markets to reduce the risks from concentrating on exports to the markets. Vietnam will enhance trade promotion activities in both traditional and … [Read more...]

Domestic retail sales increase 10.1 %

Total retail sales of Vietnam's goods and services reached VND2,116.67 trillion (US$94 billion), a 10.1 % increase over the same period last year, or 9.1 % if inflation is excluded. Among the total, retail sales of goods contributed three-fourth, with a value of US$74.8 billion, increasing by 10.8 %. Retail sales of accommodations, restaurants and catering services posted growths of 11.7 %, while the tourism sector accounted for 0.9 % According to GSO expert Vu Manh Ha, the purchasing power showed improvements thanks to an abundant supply, stable prices and diversified and high quality products, along with many promotional programmes conducted by companies. Key consumer products and essential services saw stable prices in the first 8 months of the year. Restaurants witnessed slight increases at 0.1 %, transport services were up 2.12 %, healthcare services up 0.01 %, drugs rose by 0.03 %, soft drinks were up 0.07 % and electricity, tap water and gas were down 0.45 %. Further, Ha … [Read more...]

Obama secures key vote to protect Iran nuclear deal in US Congress

President Barack Obama on September 2 secured the 34th Senate vote needed to sustain a veto of any congressional resolution disapproving a nuclear deal with Iran, ensuring the accord will not fail in the US Congress. Democratic Senator Barbara Mikulski announced her support for the agreement, becoming the 32nd Senate Democrat, along with two independents, to back a pact announced on July 14, which exchanges sanctions relief for Iran for Tehran's agreeing to curtail its nuclear program. The move means Obama's fellow Democrats will have enough votes to protect the nuclear deal between Iran and world powers in the US Congress. Their next goal is to see if they can gather at least 41 votes in the Senate to use the filibuster procedural rule to block a disapproval resolution in the Senate and keep Obama from having to use his veto power. "No deal is perfect, especially one negotiated with the Iranian regime. I have concluded that this Joint Comprehensive Plan of Action is the best … [Read more...]

Clinton proposes US$7.5 billion US fund to fight addiction

Democratic presidential candidate Hillary Clinton would launch a US$10 billion initiative to tackle drug and alcohol addiction, a problem she speaks of often on the campaign trail and which affects 23 million Americans. Her plan would include a new US$7.5 billion federal fund to support states that launch addiction-related prevention, treatment, medical response, prescription and criminal justice initiatives. Clinton, the Democratic front-runner, announced her plan in the Manchester Union Leader, a New Hampshire newspaper. She said at her first campaign stop in the state, a retired doctor told her the biggest problem facing the country was drug addiction. Her vision, as outlined by her campaign, would emphasize better training for healthcare workers to recognize substance abuse, and having all first responders carry naloxone, a drug that can reverse the effects of an opioid overdose. Clinton would direct the attorney general to issue new guidance related to nonviolent drug … [Read more...]

Malaysian women jailed for using fake credit cards

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A Vietnamese court has given sentences of up to two years to two Malaysian women who used fake credit cards to purchase goods in Vietnam last year. Cheng Pui Sing received a 2-year imprisonment sentence while her accessory, Wong Siew Wah, was condemned to 11 months and 15 days in prison on September 1. The two women, both 20, were arrested in September 2014 on charges of "using computer networks, telecommunications networks, Internet or digital devices to appropriate property," pursuant to Article 226b of the Penal Code. As Wah had been detained for a period equal to the term of her sentence, she was set free right after the trial of the People’s Court of Ho Chi Minh City ended. When Sing and Wah were working at a bar in Malaysia, they got acquainted with two men, named Ken and Sam, who asked them to bring fake credit cards into Vietnam to buy goods, the two convicts told the court. The men promised to pay Sing and Wah 8% of the total value of the goods purchased with … [Read more...]

Migrant crisis escalates across Europe

Hundreds of migrants poured overnight onto the high-speed railway linking Paris with London near the French port of Calais, stranding passengers in darkness aboard Eurostar trains. Thousands of miles away, the bodies of other migrants washed up on a Turkish beach. Photos of a drowned toddler face down in the surf spread quickly across the Internet, yet another searing image from Europe's worst migration crisis since the 1990s Balkan wars. Outside a Budapest train station, an angry crowd camped out demanding to board trains for Germany, as Europe's asylum system crumbled under the strain of the influx. Hundreds of thousands of refugees fleeing wars, as well as economic migrants escaping poverty, have arrived in the European Union, confounding EU leaders and feeding the rise of right wing populists. Thousands have drowned in the Mediterranean and many others have died travelling over land, including 71 people found in the back of an abandoned truck in Austria last week. The EU's … [Read more...]

Vietnam values ties with neighbours

President Truong Tan Sang received Cambodia's deputy Prime Minister Men Xom On on September 2 and thanked the Cambodian delegation for their presence at the 70th anniversary of Vietnam's National Day and August Revolution celebrations. He highlighted the long traditional friendship between Vietnam and Cambodia as well as the joint efforts of the two people in their struggle for independence and freedom. President Sang said Vietnam would continue to build on its solidarity and co-operation with Cambodia. He also received Lao Vice-President Bounnhang Vorachith, who led a delegation from Lao to join Vietnam's celebrations. The two leaders said they were pleased with the development of the Vietnam-Laos relationship and co-operation on all fronts, including recently signed trade agreements which set a target for bilateral trade to reach US$2 billion this year, as well as numerous high-ranking delegation exchanges. President Sang starts an official visit to China on September 3 at the … [Read more...]

Luen Thai Group plans to expand in Vietnam

Hong Kong's Luen Thai Group, dealing in garments, has been considering a plan to invest in a garment and textile industrial park in Vietnam, the company announced in late August. The plan was reported in the group's announcement of interim results for first half of 2015 which said it recorded a revenue of approximately US$522 million. It said the investment was an important strategic step for the company to strengthen its position in Vietnam as the infrastructure, the rapid development of the textile/garment industry, coupled with trade preferences, should make Vietnam a country of choice. In view of the relatively favourable trade environment in Vietnam, and the prospect associated with the expected passage of the "Trans-Pacific Strategic Economic Partnership Agreement" (TPP), Vietnam would continue to be the country of choice in the foreseeable future for apparel manufacturing. The group added that Vietnam has already entered into free trade agreements (FTA) with China and … [Read more...]

ADB report: SMEs need finance to grow

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Asia’s small- and medium-sized enterprises (SMEs) need finance to help them grow into dynamic, internationally competitive companies, said a new report from the Asian Development Bank (ADB). In its Asia SME Finance Monitor 2014 released on September 2, the ADB emphasised that SMEs’ growth is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown The report, which assesses 20 countries in developing Asia, noted that SMEs make up an average of 96 percent of all registered firms and employ 62 percent of the labour force. However, they contribute only 42 percent of economic output. In the case of Vietnam, the country had a total 359,794 micro, small, and medium sized enterprises (MSMEs) as of the end of 2013, accounting for 96.4 percent of total enterprises in the country. Most of the establishments are privately owned (97.2 percent) while foreign invested enterprises accounted for 2.7 percent and the remaining are … [Read more...]

National Day marked in Australia

A ceremony was held in Canberra, Australia, on September 2 by the Vietnamese Embassy to celebrate Vietnam’s 70th National Day. Speaking at the event, Australian Minister for Immigration and Border Protection Peter Dutton said that Vietnam is a typical story of success. The 300,000-strong Vietnamese community in Australia not only have contributed importantly to developing the bilateral ties, but also help diversify culture in Australia, he added. Ambassador Luong Thanh Nghi took the occasion to thank the support of governments, peoples, and organisations over the world for Vietnam’s past struggle for national liberation and current nation-building and development cause. The diplomat expressed his belief that with the firm foundation and the newly-signed agreement on enhancing comprehensive partnership, the Vietnam-Australia relations will grow further. … [Read more...]

President leaves for anti-fascist war victory celebration in Beijing

President Truong Tan Sang left Hanoi on September 2 for Beijing, China, to attend the 70th anniversary of the victory in the world anti-fascist war on September 3rd. The visit is made at the invitation of Chinese Party General Secretary and President Xi Jinping. President Sang is accompanied by Head of the Presidential Office Dao Viet Trung, Chief of the General Staff of the Vietnam People’s Army D eputy Defence Minister Senior Lieutenant General Do Ba Ty, Deputy Foreign Minister Ho Xuan Son, Deputy Minister of Public Security Le Quy Vuong and Vietnamese Ambassador to China Nguyen Van Tho, among others. … [Read more...]

Top legislator visits New York Stock Exchange

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As part of his tour to the US to attend the 4th World Conference of Speakers of Parliament, National Assembly Chairman Nguyen Sinh Hung visited the New York Stock Exchange (NYSE) in New York City on September 1 (Vietnam time). The Vietnamese top legislator met with NYSE leaders and witnessed the first transaction session of the day. He also learned about exceptional features of the world’s largest stock exchange, especially its management organisation, administration and technology application in financial transaction activities. The NYSE was initiated in 1792 by 24 stock brokers. It operates in the form of auctions and automatic transactions with thousands of listed companies. It is strictly controlled in order to maintain a fair and orderly system for investors under the management of the US Security and Exchange Commission. On the same day, the NA Chairman and his entourage also toured the One World Trade Centre and the National September 11 Memorial & Museum in … [Read more...]

Japan, Singapore mark Vietnam’s National Day

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(VOV) - Meetings were held in Osaka, Japan and Singapore to mark the 70th anniversary of Vietnam’s National Day. At a banquet in Osaka on September 1 attended by more than 300 guests, Vietnam Consul General Tran Duc Binh recounted Vietnam’s important political, social and economic achievements over the past seven decades. During his speech Binh elaborated on the importance of the strategic partnership between Vietnam and Japan as well as the close cooperation between localities of the two countries. He pledged Vietnam would strive to create a business climate most conducive for Japanese companies in hopes of enticing them to widen the range of their trade and investment activities. Osaka Governor Ichiro Matsui and other Japanese officials congratulated Vietnam on its National Day and affirmed to continue to support Vietnam to realize social and economic development targets. On September 1, more than 500 people – including government officials, members of the … [Read more...]

Grand meeting, parade marks 70 years of independence

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The 70th National Day was marked with a grand meeting and the largest-ever parade in the country at Ba Dinh Square in Hanoi September 2 morning. The ceremony was attended by national leaders, including Party General Nguyen Phu Trong, President Truong Tan Sang, Prime Minister Nguyen Tan Dung and President of the Vietnam Fatherland Front Central Committee Nguyen Thien Nhan, among others. Among foreign delegates present on the occasion, there were Lao Vice-President Bounnhang Vorachit and Cambodian Deputy Prime Minister Men Sam An. The meeting began at 7am with the lighting of a torch that was carried to the square from the nearby Ho Chi Minh Museum. A 21-round salute was then fired from cannons stationed at the Thang Long Imperial Citadel during the flag saluting ceremony. In his opening speech, President Truong Tan Sang affirmed that the birth of the Democratic of Vietnam in 1945 is a glorious milestone in the nation’s history of national building and defence, which … [Read more...]

Vietnam Airlines flies Dreamliner to Heathrow

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(VOV) - Vietnam Airlines first Boeing B787-9 Dreamliner made its highly anticipated initial landing at Heathrow Airport in London on September 1, showcasing the airlines new corporate identity and brand image. "The new state-of-the-art aircraft with its environmentally friendly, safe and convenient features is truly an astonishing development for the airline," said Vietnam Ambassador to the UK Nguyen Van Thao during a ceremony marking the event. The launch of the new jet by Vietnam Airlines will better serve as an effective bridge linking the two countries peoples Thao said, and it is most befitting the flight comes on the 5th anniversary of the two nation’s strategic partnership. "Vietnam Airlines is excited about being the first airline to operate the new B787-9 Dreamliner nonstop between Southeast Asia and Europe, said Le Thanh Dung on behalf of United Airlines. Dung added that Vietnam Airlines is prouder still that Heathrow is our first international … [Read more...]