Vietnam to reinvigorate trade and eliminate tariffs

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(VOV) - The Ministry of Industry and Trade (MoIT) has unveiled that it is tearing down tariff barriers on imports from other ASEAN member countries as part of the formation of the world's seventh largest free-trade market. In 2007, the 10 ASEAN member countries adopted the ASEAN Economic Community (AEC) blueprint, which set December 31, 2015, as the target date for the creation of a single market. The AEC envisions a fully integrated economy with goods and services trade moving freely between the 10 ASEAN members and substantially all tariffs and quotas eliminated by the end of 2015. "Vietnam actually began reducing tariffs in 2014," said Luong Hoang Thai, an official of the Ministry of Industry and Trade (MoIT), and to date has lifted tariffs on roughly 1,706 tax lines. Almost 97% of all tariffs will be gone by December 31 and the MoIT has until the end of 2018 to completely phase out tariffs on the remaining tax lines including steel, automobiles, and auto components, Thai … [Read more...]

HCM City hosts Int’l Athletics Tournament 2015

(VOV) - The 22nd Open Ho Chi Minh City International Athletics Tournament began on July 30 at Thong Nhat Stadium. The five-day event, co-organized by HCM City Department of Culture and Sports and the HCM City Athletics Federation attracted more than 130 athletes from 33 domestic and 5 foreign teams. Foreign athletes from the Republic of Korea (RoK), Indonesia, Hong Kong (China), Singapore and the Democratic People’s Republic of Korea (DPRK) compete in the tournament. Contestants compete to win 43 different sets of medals. With 8 gold, 4 silver and 5 bronze medals, Vietnam finished in first place at the 21st Tournament in 2014, followed by the RoK and Thailand. … [Read more...]

Overseas Vietnamese youth visit HCM City

(VOV) - Young Vietnamese expatriates who are taking part in the 2015 Vietnam Summer Camp on July 29 visited Nha Rong Wharf in Ho Chi Minh City where late President Ho Chi Minh left the nation to seek ways for national salvation. At Independence Palace, young people the unique history and special architecture were explained. On July 31, Vietnamese young expatriates will visit Cu Chi tunnels as part of their final destination at the summer camp, and take part in the closing ceremony of the 2015 Vietnam Summer Camp. The 2015 Vietnam Summer Camp, themed "Proud of Vietnam", hosts youth aged between 16 and 25, serving as a bridge that links the country with the world. … [Read more...]

Navy ship docks Co To port, rescues stranded tourists

(VOV) - On July 30,navy ship No. 634 docked at Co To port, bringing first 170 tourists to the mainland, most of them are children and elderly. These tourists are among nearly 2,500 tourists who are stranded on Co To Island, Quang Ninh province due to heavy rains in recent days. The ship may spend five hours on transporting the passengers to land due to bad weather. At the same time, many hotels in Co To Island has provied free meals for stranded tourists. Additionally, local hotels offer 30-50% discounts on room price for needy tourists. According to provincial authorities, since July 25, torrential rains have caused 17 deaths and 15 injuries and destroyed 3,700 houses, schools, and healthcare centres have collapsed. The total damage has amounted to VND1.5 trillion including more than VND500 billion suffered by the coal industry. … [Read more...]

WB-funded water supply project added US$20 mln loan

Deputy Prime Minister Hoang Trung Hai has given the nod for the first phase of the "Urban Water Supply and Wastewater" project to receive an additional US$20 million loan from the International Development Association (IDA) of the World Bank (WB). The deputy prime minister requested the Ministry of Investment and Planning in coordination with the Ministry of Construction to work with the WB to allocate the additional loan to project components while the State Bank of Vietnam was appointed to work out the loan transfer method. The "Urban Water Supply and Wastewater" project includes two components. Its first component, including 14 sub-projects, aims to upgrade water supply and wastewater drainage systems in 10 provinces nationwide, such as Quang Ninh, Ninh Binh, Nghe An, Quang Tri, Quang Nam, Kien Giang, Lam Dong, Binh Duong, Binh Phuoc and Kien Giang and the second one involves technical support from the Ministry of Investment and Planning and the Ministry of Construction. The … [Read more...]

Hairdressers to compete in national competition

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(VOV) -Vietnamese hair stylists will have a chance to show-off their talents at the third annual "Hair Gala Night," scheduled to take place on October 2 in Hanoi. The programme, co-organised by DHA Hair Academy and HAVIS MEDIA.,JSC, aims to honour outstanding Vietnamese hair stylists who have significantly contributed to the country’s professional hair salon industry. According to the organising board, about 20 talented contestants will be selected for the final round. The winner of the competition will receive the Diamond Scissor Award. The event will also feature the latest hair designs from 5 renowned Vietnamese hair stylists who won a number of international awards. As part of the event and competition, audience participants will have a free haircut, designed by 10 DHA Hair Academy members. … [Read more...]

Viettel Tanzania claims investment award

Viettel Tanzania has helped Tanzania Investment Centre (TIC) win the award for the Best Investment Project 2014 in East, Central and West Africa Region, held in Dubai. "This award is warmly welcomed by the government as it demonstrates that the service and commitment afforded to investors through our agency is of a global standard," TIC’s Executive Director Juliet Kairuki said. Viettel started investing in Tanzania in 2011. Its proposal to invest an initial amount of US$736 million was approved, following President Dr Jakaya Kikwete’s visit to Vietnam last year. The criteria by which TIC won the award included the size of the investment, scale of job creation, trade balance effects (the percentage of output exported and volume of imports substituted), and local linkages (volume of local sourcing, number of local suppliers and other local commitments), as well as knowledge transfer (investment in research and development, training and education). Viettel’s … [Read more...]

7-Eleven to open convenience stores in Vietnam

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(VOV) - Japan Seven & I Holdings Group will open a chain of 7-Eleven convenience stores in Vietnam. As planned, the group will sign a cooperative deal with a Vietnamese partner to open the first store in 2017. Stores in Vietnam will be managed by Japanese staff. The first 7-Eleven convenience store will be opened in HCM City. Seven & I Holdings aims to develop around 100 stores in the next three years and to 1,000 stores after 10 years penetrating the Vietnamese market. In the initial period, the Group will send 4 Japanese staff to transfer Japanese trading methods to their Vietnamese colleagues and develop the stores’ specialities. Seven & I Holdings is Japan’s leading retail group which owns 38,000 stores in the world. … [Read more...]

Industrial production index rises 9.9% in seven months

The industrial production index in July grew by 11.3% over the same period last year, contributing to a year-on-year increase of 9.9% in the first seven months of this year, the General Statistics Office reported on July 29. The northern province of Thai Nguyen took the lead with registered growth of 217.7%, followed by the central province of Quang Nam (31.2%) and the northern port city of Haiphong (15.8%). In the two biggest cities of Hanoi and Ho Chi Minh City, the industrial production index expanded by 7.1% and 6.5% respectively. During the period, the country counted over 52,000 new start-up businesses registering VND321.3 trillion (US$13.9 billion) in capital, a year-on-year rise of 22.7% and 22.4% respectively. Businesses committed VND686.5 trillion (US$31.48 billion) in total newly registered and supplemented capital to the local economy over the past seven months. Start-up companies generated jobs for over 743,000 workers in January-July, a yearly increase of 18.2%. … [Read more...]

Tamed elephants in central Vietnam under permanent watch

The increasing threat from tusk thieves has left mahouts of a national park in Vietnam with no way to protect their tamed elephants except by watching them permanently, even sleeping with the animals at night. In Yok Don National Park in the Central Highlands Province of Dak Lak, mahouts have raised the theft warning level after an elephant named Thoong Ngan had one of its tusks severed by thieves early this month. Thoong Ngan had been released into the wild forests to find food at night when the mammal was attacked. Thieves tied the animal to a big tree to saw its tusk, with one of its legs bound with a chain. The elephant resisted fiercely when the saw blade cut into the marrow in the middle of its tusk, forcing the thieves to run away. However, doctors and animal health experts later decided to cut off the injured tusk to prevent it from being further infected. Thoong Ngan and another elephant named Thoong Kham have the most beautiful tusks in Vietnam and have become the iconic … [Read more...]

US says Europeans could help more in East Vietnam Sea dispute

In a rare admonishment of a close ally, the United States urged the European Union on July 29 to speak out more forcefully to support Washington in its dispute with China over building and militarization of man-made outposts in the East Vietnam Sea. Amy Searight, US deputy assistant secretary of defense for South and Southeast Asia, said Washington welcomed EU calls for a peaceful resolution of territorial disputes in the sea and respect for international law. But there was "somewhat of a difference of approach" when it came to Washington's call for a freeze on activity by rival claimants - something China has rejected. "It would be helpful if the EU would be a little more clear in terms of backing up these principles," she told a discussion on U.S. and EU policies towards East Asia at Washington's Center for Strategic and International Studies. "A little bit more forward-leaning approach that would support, for example, the idea of a halt to further reclamation, further … [Read more...]

Deputy PM Hoang Trung Hai visits Mozambique

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(VOV) - A high-ranking government delegation led by Deputy Prime Minister Hoang Trung Hai arrived in Muputo on July 29, beginning a three-day visit to Mozambique at the invitation of Prime Minister Carlos Agostinho do Rosário. The delegation laid wreath at the statue of Hero Samora Machel – the first president of Mozambique after the country gained independence and freedom. They visited Ho Chi Minh Boulevard, which is the biggest and most beautiful street in Maputo. They also called at the Vietnamese Embassy in Mozambique and listened to Ambassador Nguyen Van Trung’s report on the embassy’s recent activities. Trung stressed the need to enhance trade and economic cooperation in par with the politic relations between the two countries in the coming time. Deputy PM Hai in turn spoke highly of the Overseas Vietnamese community’s effort to strengthening friendship and cooperative ties with Mozambique. He urged the OV community to pay further effort to … [Read more...]

Deputy PM Hai visits Mozambique

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(VOV) - A high-ranking government delegation led by Deputy Prime Minister Hoang Trung Hai arrived in Muputo on July 29, beginning a three-day visit to Mozambique at the invitation of Prime Minister Carlos Agostinho do Rosário. The delegation laid wreath at the statue of Hero Samora Machel – the first president of Mozambique after the country gained independence and freedom. They visited Ho Chi Minh Boulevard, which is the biggest and most beautiful street in Maputo. They also called at the Vietnamese Embassy in Mozambique and listened to Ambassador Nguyen Van Trung’s report on the embassy’s recent activities. Trung stressed the need to enhance trade and economic cooperation on par with the politic relations between the two countries in the coming time. Deputy PM Hai in turn spoke highly of the Overseas Vietnamese community’s effort to strengthen friendship and cooperative ties with Mozambique. He urged the OV community to pay further effort to … [Read more...]

Afghanistan says Taliban leader dead, urges peace talks

Afghanistan said on July 29 that Mullah Omar, the elusive leader of the Taliban movement fighting to topple the government, died more than two years ago. The announcement came a day or so before a second round of peace talks had been tentatively scheduled, and news of the fate of the one-eyed Omar could deepen Taliban divisions over whether to pursue negotiations with Kabul and who should replace him. Omar had not been seen in public since fleeing when the Taliban was toppled from power by a US-led coalition in 2001, and there has been speculation for years among militant circles that he was either incapacitated or had died. "The government based on credible information, confirms that Mullah Mohammad Omar, leader of the Taliban, died in April 2013 in Pakistan," the presidential palace said in a brief statement, without specifying what the information was. "The government of Afghanistan believes that grounds for the Afghan peace talks are more paved now than before, and thus calls … [Read more...]

Big real estate projects land in Haiphong

Following breakthroughs in socio-economic development in recent years, many major real estate projects have been launched in Vietnam’s northern port city of Haiphong. In a few years, phase I of the Lach Huyen International Port with the capacity to receive ships of up to 100,000 tonnes, the Hanoi - Haiphong and Haiphong – Ha Long expressways and the expansion of the Cat Bi airport will all be put into operation. In order to take advantage of the improved infrastructure, many investors have seized opportunities and and impressed municipal authority with impressive renders. Vingroup, the country’s biggest private real estate developer, decided to pour VND19 trillion (US$870 million) into Vu Yen Island, opposite the city’s central area on the other side of the Cam River . The project, which spreads across 870 hectares in Hai An and Thuy Nguyen districts, will feature a world class 36-hole golf course, ecological villas, entertainment zones, an eco-park and … [Read more...]

Seminar gauges the power of national brand

(VOV) - Hundreds of representatives from 85 businesses across the nation gathered in Da Nang on July 29 at a seminar discussing the importance of promoting a national brand in the context of regional and global integration. "Maintaining a positive national image is an essential ingredient for export and investment promotion," said Do Kim Lang, deputy head of the Ministry of Industry and Trade’s Trade Promotion Agency. In addition, in the context of Vietnam’s deepening integration into the world’s economy, businesses are facing tough competition said Lang, adding that the development of a national brand would help businesses improve competitiveness. Vietnam has had a national branding program in place since 2003. Last year, 63 businesses were honoured with National Value Awards for their outstanding contributions to developing strong national brands. … [Read more...]

NA Office convened 13th Party Congress

The top legislator urged the Party Committee to develop its plan to improve the performance of the law-making body, enhance Party building activities to strengthen the Party leadership and combat capacity, as well as raise the political stance, morality and professionalism of Party members. (VOV) -National Assembly (NA)Chairman Nguyen Sinh Hung underlined the need to further intensify the realization of the 2013 Constitution at the 13th Party Congress which was held on July 29 in Hanoi. During its last tenure, the Party Committee of the NA Office contributed significantly to the National Assembly’s constitutionalization, legislation, supervision and decision making on major national issues. … [Read more...]

Peru offers potential for agri-business

(VOV) - The Peru Embassy in Hanoi on July 29 held a seminar spotlighting opportunities for Vietnam’s agri-businesses in trade of two super foods – maca and quinoa – which have been cultivated in the Andes Mountains for hundreds of years. Trade representative Luis Tsuboyama provided an overview of the great potential for trade and investment, saying that total trade between Peru and Vietnam in 2014 hit a record high of US$300 million. In addition, he assured attendees that the government of Peru will strive to create a good business climate for investors and provide trade assistance with obtaining market information on a requested basis. He also extended an invitation to attend the largest food expo in Latin America, which is held annually in Peru entitled – Expoalimentaria 2015 (alimentaria literally means food in Spanish). A representative from the Peru Ministry of Agriculture, Jose Luis Rabines, in turn provided an overview of the nation’s … [Read more...]