Bloomberg: Vietnam to be one of the fastest-growing markets

While the world’s largest emerging economies such as Russia, Brazil and China falter, Vietnam’s steady economic growth at nearly 7% this year will make it among the fastest-growing markets in the world, Bloomberg said in a recent article. According to Bloomberg surveys, Vietnam’s economy is expected to expand 6.7% this year, the same pace as in 2015. Rising domestic demand and foreign direct investment are helping the nation cope with global threats like stock sales and currency depreciation. The State Bank of Vietnam’s current efforts to make the exchange rate more flexible have also contributed to strengthening macro-economic stability and easing pressure on reserves, according to the article. It also quoted economist Eugenia Victorino from Australia & New Zealand Banking Group Ltd. as saying that Vietnam is positioned to have another stellar year in 2016. However, the long-term outlook will depend on political changes in the next 12 months, the … [Read more...]

Vietnam hopeful about rice export in 2016

Vietnam will have various advantages in exporting rice this year though it may have to compete with Thai rice in the global export market when Thailand sells rice at stock. Vietnam Food Association (VFA) chairman Huynh The Nang said Thailand's government has announced the sale of rice at stock in the near future. This will be one of the factors to pull the world rice prices down and may create negative impacts on Vietnam's rice exports. However, Vietnamese rice still can compete with Thai rice in traditional markets such as China, Indonesia and the Philippines because Thailand has a low volume of white rice while the demand from those markets is for imported white rice, Nang said. Huynh Van Thon, chairman of Loc Troi Group, said not all enterprises in the traditional markets want to import rice at inventory, therefore, Vietnamese rice exporters still have a chance to offer their new rice to those markets. Nguyen Van Tien, general director of An Giang Export and Import Joint … [Read more...]

12th National Party Congress continue discussions on personnel work

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Personnel work for the 12th Party Central Committee continues to be scrutinised at the fifth working day of the 12th National Party Congress on January 25. In the morning, the congress continued group discussions examining the personnel list recommended by the 11th Party Central Committee. In the afternoon, during a plenary session, the Presidium is expected to report on elections, the lists of candidates and supplementary nominees, and those who asked to withdraw from the list of supplementary nominees. The lists will then be approved by the Congress. The official list will comprise those nominated by the 11th Central Committee and the list of candidates named by delegates attending the 12th National Party Congress or who nominated themselves. The surplus nominees on the official list must not exceed 30%. Earlier, the Congress agreed that the 12th Party Central Committee will have 200 members – 180 official members and 20 alternate members. As of late January 24, … [Read more...]

Danang warns of Australian transnational drug traffickers

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Authorities in Danang are calling locals to watch out for a group of drug traffickers from Australia using motorbikes to do their business in Vietnam. Nguyen Phuc Linh, deputy director of the city’s sports and tourism department, said it has required Danang Motor Club to provide the lists of its members, their profile and their motorbikes’ registration numbers to make sure the foreign criminals have not penetrated it to conduct business in Vietnam, local media reported. Linh said his department has received tip-offs that a criminal gang from Australia are using motorbikes for transnational crimes, especially drug trafficking. There are signs that the gang is going to establish a branch in Vietnam. … [Read more...]

Britain may take in unaccompanied children fleeing Syria

Britain might take in refugee children who have been displaced by the war in Syria and have traveled to other countries in Europe. International Development Secretary Justine Greening said the government was considering whether it could do more for the estimated 3,000 children who have fled the conflict without their parents or guardians and are in Europe. Asked whether the government was close to agreeing to calls from relief groups for Britain to admit the children, Greening told Sky News television: "That's what we are doing and I think that is the right thing." Prime Minister David Cameron has previously said Britain would accept 20,000 refugees over the next five years from camps in the Middle East, as opposed to those who have already made it to Europe. Critics say that response has been meager when compared with the 1.1 million asylum seekers who arrived in Germany last year. Campaign groups and more than 80 Church of England bishops have urged Cameron to do more. … [Read more...]

Center-right candidate wins Portugal presidential vote outright

Center-right candidate Marcelo Rebelo de Sousa won Portugal's presidential election on January 24, an outcome that should help maintain political balance after a dramatic swing to the left in October's parliamentary ballot. In his victory speech, Social Democrat Rebelo de Sousa, 67, said he will work to promote consensus and repair divisions created in the aftermath of the previous election when the left ousted a center-right administration that imposed tough austerity under an international bailout in 2011-14. Portugal's president is a largely ceremonial figure but he plays an important role at times of political uncertainty - as have gripped the country since last October's inconclusive parliamentary election. He has the power to dissolve parliament and fire the prime minister. Portugal is likely to need all consensus possible as a shaky government of moderate center-left Socialists dependent on far-left parties for support in parliament tries to reconcile its election pledges to … [Read more...]

Malaysian Futsal squad arrive for friendly matches with Vietnam

The Malaysian Futsal team arrived in Ho Chi Minh City to prepare for two friendly matches with Vietnam on January 25 and 26, according to the Vietnam Football Federation (VFF). The first match is scheduled for 5 p.m on January 25 at the sport centre of Ton Duc Thang University in District 7. The second will take place at 4 p.m the next day at Thai Son Nam Gymnasium in District 8. The Malaysians have made remarkable progress since they were joined by coach Coelho Marcello Serpa. The team defeated Vietnam 6-5 for the bronze at the ASEAN Football Federation Futsal Championship in Bangkok last year. Vietnam’s national Futsal team, coached by Bruno Garcia Formoso, will depart for Uzbekistan on January 27 for training before they compete in the 2016 AFC Futsal Championship finals in the host country from February 10 to 21. Vietnam has been drawn in Group C with Thailand, Hong Kong and Tajikistan, while Malaysia is in Group D with Japan, Australia and Qatar. Vietnam aims to get … [Read more...]

OV press carries news on Party Congress

PhoBolsaTV, a programme for overseas Vietnamese in the US and many other countries worldwide, has carried stories highlighting the ongoing 12th National Congress of the Communist Party of Vietnam (CPV). Vu Hoang Lan, a reporter from the programme, on January 21 recorded the opening ceremony of the Congress at Hanoi’s National Convention Centre. Lan said the outcomes of the Congress are significant to Vietnamese communities abroad, adding that national sea and island sovereignty, election of new CPV leaders and the country’s development path are among viewers’ concerns. He also interviewed some delegates to the Congress about the aforementioned issues. Information and photos on this important political event posted on PhoBolsaTV will be shared with other overseas Vietnamese communication agencies, he added. The 12th National Party Congress runs from January 20 to 28 with the theme of "Promoting the building of a pure and strong Party, while putting into play … [Read more...]

Party personnel preparations for next tenure are thorough, democratic

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Participants in the 12th National Party Congress worked in their delegations on January 24 to appraise the standards and structure of the 12th Party Central Committee and the list of nominations fielded by the 11th Party Central Committee. Speaking on the sidelines of the Congress, Vu Trong Kim – an 11th Party Central Committee member and Vice President of the Vietnam Fatherland Front Central Committee – said the personnel for the next tenure was thoroughly prepared during the 12th , 13th and 14th meetings of the 11th Party Central Committee. Particularly, the 14th meeting geared up personnel for the four key leading positions. The Politburo reported that it talked out each case and reached high consensus. Some nominees withdrew proactively. At the 14th meeting, the 11th Party Central Committee discussed three options, cast secret ballots and finally agreed to nominate the incumbent Party General Secretary, Nguyen Phu Trong, to be re-elected to this position in the … [Read more...]

Innovation programme initiates new action plans in 2016

The Finland–Vietnam Innovation Partnership Programme Phase 2 (IPP2) plans to support start-up ecosystem developers, universities and other educational organisations in Vietnam to improve their innovation and entrepreneurship in 2016. The information was unveiled at the Final Demo Day in Ho Chi Minh City on January 23 to review the implementation of the IPP2 between 2014 and 2015. Deputy Minister of Science and Technology Tran Quoc Khanh said Vietnam needs strong businesses that are expected to develop in a healthy and creative environment. The ministry has worked hard to improve policies in the field while encouraging private firms to set up venture investment funds. This aims to create a favourable financial and legal climate to develop hi-tech nurseries and start-up training, especially for young entrepreneurs, he said. He said he hopes innovation experts trained under the IPP2 will become crucial factors in Vietnam’s public and private business sectors. IPP2 is … [Read more...]

January CPI stays flat compared to last month

The Consumer Price Index (CPI) remained unchanged in January compared to the previous month, the General Statistics Office (GSO) said on January 24. The number inched up 0.8% from a year earlier, the GSO said. Nine of the 11 categories of goods and services saw their prices increase month on month, including education (0.89%); beverages and cigarette (0.44%); and apparel, hats and footwear (0.37%). Prices of the remaining two categories declined: transport (2.82%), and post and telecommunications (0.06%). Deputy Director of the GSO’s Price Statistics Department Do Thi Ngoc said the yearly rise in January CPI was attributable to a food price hike. This was caused by Vietnam’s rice export contract with Indonesia inked in late 2015, and Indonesia and the Philippines’ plans to buy more rice this year. Rising consumption demand on the threshold of the Lunar New Year festival in early February boosted prices of fresh food, apparel and footwear. She also pointed … [Read more...]

Charity events bring warmer Tet to people in need

Vice Chairwoman of the Vietnam Fatherland Font (VFF) Central Committee Truong Thi Ngoc Anh on January 22 visited Thien Hung commune in the border district of Bu Dop in Binh Phuoc province, where she presented 100 gift packages worth VND300,000 each to poor ethnic minority households. Charity events have been held across the country to bring a warm Lunar New Year (Tet) holiday to ethnic minority people, disadvantaged workers, orphans and people with disabilities. The Party and State have special policies for ethnic minority groups, and those living in far-flung or border areas, Anh said, urging local authorities to pay more attention to these people and help them improve their living standards. The Federation of Labour of the central province of Quang Ngai organised a programme called "Tet Sum Vay" (Tet’s Gathering) for workers in the province. Gift packages worth VND500,000 each were given to 530 underprivileged workers and civil servants alongside 40 of the … [Read more...]

Suspected MH370 plane wreckage found in Thailand

A piece of suspected plane wreckage recently found off the coast of southern Thailand has fueled speculation that it may belong to Malaysian Airlines Flight MH370, which vanished nearly two years ago, said a local official. The large metal piece washed over ashore in Nakhon Si Thammarat province and villagers then reported it to authorities for identification, according to Tanyapat Patthikongpan, head of Pak Phanang district. He added that the debris measures 2 metres in width and 3 metres in length. The Thai media guessed that the suspected wreckage could belong to MH370, which disappeared with 239 people on board during a fight from Kuala Lumpur to Beijing in March 2014. … [Read more...]

Party Congress: Mechanisms for agricultural development a key issue

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Delegates to the 12th National Party Congress have called for stronger agricultural restructuring and more investment in promoting scientific-technological application in the sector alongside the programme on building new-style rural areas. Delegate Nguyen Tan Tuan from Khanh Hoa province said it is not sufficient to build infrastructure facilities such as electricity, roads and schools, stressing that farmers’ income must be improved. He voiced approval of the congress’s draft documents which address rural economic development and new mechanism to increase added value for agricultural production, thus raising rural residents’ livelihoods. This is the key factor in building new-style rural areas in the current period, he said. According to delegate Do Dinh Viet from Vinh Phuc province, the most important task is to promote industrialization and modernization of agricultural production towards hi-tech and large-scale production, in order to enhance domestic … [Read more...]

Personnel work for Party Central Committee thoroughly prepared

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Personnel preparations for the 12th Party Central Committee have been made in a strict and thorough manner right from the grassroots level, Director of the Vietnam Academy of Defence Vo Tien Trung has told the media on the sidelines of the ongoing 12th National Party Congress. Commenting on the number of Party Central Committee members, Trung said the committee groups 200 members, the same figure from the past tenure. However, the number of official ones rises to 180 from 175 in the previous tenure and the number of alternate members is down to 20 from the previous 25. According to him, the increase of official Party Central Committee members is intended to cope with the many tasks of the Party Central Committee. In addition, new bodies have been set up such as the Economic and Internal Affairs Commissions, which also require more officials. Trung noted a new point that for the first time, the Party Central Committee has outlined a strategic personnel plan to foster officials … [Read more...]

Congress examines criteria, structure of Party Central Committee

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The 12th National Party Congress discussed the criteria for Party Central Committee members and the structure of the 12th Party Central Committee during its fourth working day in Hanoi on January 24. Participants also mulled over a list of nominations for members of 12th Party Central Committee, both official and alternate, prepared by the 11th tenure’s committee. They later proposed additional candidates outside of the list. Heads of delegations attending the event afterwards reported their lists of supplementary nominations for the committee. Earlier on January 23, the Congress approved the number of the Committee’s members for the 12th tenure, comprising 180 official and 20 alternate ones. In an interview granted to Vietnam News Agency ahead of the event, Politburo member and permanent member of the 11th Party Central Committee’s Secretariat Le Hong Anh said four requirements have been set for the 12th Party Central Committee. The 12th Party Central … [Read more...]

Delegates pledge to select capable, moral members of Party Central Committee

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Delegates attending the ongoing 12th National Party Congress have underlined the need to choose a new leadership who have both talent and virtue to steer Vietnam along the course of industrialisation and modernisation. The Party Central Committee for the 12th tenure will have 180 official members, an increase from the past tenure, and 20 alternate ones. On the sidelines of the plenary session discussing personnel work on January 23, Secretary of the Vinh Long provincial Party Committee Tran Van Ron said more attention should be paid to personnel quality, adding that the increase of the number of Committee members responds to the reality when political and economic development tasks have become more burdensome. Delegate Ngo Duy Hieu from Hanoi said he will vote for candidates who are loyal to the Party and people, dedicated to the country and at the same time have a venturesome spirit. In the current situation, the Party and the nation need officials who have strategic vision … [Read more...]

Party Congress delegates support policy on equal business playground

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Delegates to the 12th National Party Congress have expressed support of draft congress documents which recognise the private sector as an important driving force of the economy and urge creating all possible favourable conditions for private enterprises with a view to enhancing the economy’s competitive capacity. Speaking to the press on the Congress sidelines, delegate Nguyen Tan Tuan from Khanh Hoa Province said this new point, compared to documents of the previous Congress, will promote the private sector’s contribution to the national economy. He called for State policies to create an equal playground for all types of businesses. Sharing this view, delegate Nghiem Xuan Thanh from the Party Organisation of Centrally-run Enterprises emphasised that one of the key factors for economic development is the private sector. He said the document content on the private sector matches the current situation in the country. Delegate Nguyen Minh Hung from Hai Duong Province … [Read more...]

80% of Phu Quoc real estate buyers are from Hanoi

Of nearly 1,000 real estate products, including land, beachfront villas and apartments sold on Phu Quoc Island so far, 80% have been sold to investors from Hanoi and 15 percent to buyers from HCM City, according to Savills Vietnam. The latest report shows that the island was the busiest emerging real estate market in the last four quarters. The land has attracted investors in the last few years. In 2012, only 120 land plots were offered, while in 2015, more than 2,500 products in different segments were available, including apartments, beachfront villas and land. By the end of 2015, the transactions of 965 products, including 165 land plots, 710 beachfront villas and 90 apartments, were wrapped up. The figure shows beachfront proves to be the leading product, though the selling price was sky high at between US$550,000 and US$1 million. Meanwhile, US$80,000-120,000 buys land products there. Apartments are offered at US$70,000-220,000. Savills Vietnam, a real estate service … [Read more...]

Vietjet to inaugurate Hanoi-Taipei service in Feb

Vietnamese low-cost airline Vietjet will introduce a new flight route from Hanoi to Taipei starting next month. There will be three return flights a week between the two capitals, with the maiden service slated for February 1 from Hanoi, Vietjet said recently. According to the airline, the flight between Hanoi and Taipei will take 2 hours and 40 minutes, and will be operated every Monday, Wednesday and Thursday. The flight will depart from Hanoi at 3:10 pm and arrive at Taipei at 6:50 pm (local time). The return flight will depart at 7:50 pm and arrive in Hanoi at 9:30 pm. Vietjet currently offers daily service between Ho Chi Minh City and Taipei. … [Read more...]