Over 57,700 firms enter market in Jan-May

Quoc Hung Data of the agency showed that the country had over 44,740 startups with combined registered capital of VND349.46 trillion (US$15.6 billion) in the January-May period, increasing 24.1% and 59.3% year-on-year respectively. Besides, operational firms registered an additional VND655.9 trillion for their expansion plans in the year to date, bringing the total new capital registered by businesses in the five-month period to over VND1,005 trillion. The registered capital of new enterprises average VND7.8 billion in the first five months, a 28.4% pickup from a year earlier. These companies plan to recruit 532,000 employees, up 2.6% year-on-year. Meanwhile, nearly 13,000 enterprises have been back to business in the year to May after a period of suspension. According to the agency, the first five months saw an increase in the number of newly established firms in almost all sectors such as property with 1,076 companies (up 121.4%), healthcare and social services with 198 (up … [Read more...]

Hanoi launches 2016 Action Month for children

A student paints a picture at the event.

The Hanoitimes - Hanoi People’s Committee held a ceremony to launch the 2016 Action Month for children, themed "For safe lives, preventing accidents and injuries for children", from June 1-30, at Dan Phuong district on May 25. Speaking at the ceremony, Vice Chairman of the municipal People’s Committee Ngo Van Quy said that Hanoi city at present has more than 1.7 million children. In the recent years, the municipal Party committees, authorities, departments, agencies, unions have been better interested in the health care services, education and entertainment for children in the city, he noted. Vice Chairman Quy said that the city has also provided support to all children with special difficultie in various forms. Implementing the Prime Minister's decision approved for the programme on prevention and control of injuries to children in 2016 - 2020, Hanoi has issued a plan on the programme of accidents and injuries prevention for children from 2016 to 2020. Vice … [Read more...]

Miss France 2014 in Vietnam

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VietNamNet Bridge - Miss France 2014 and the third runner-up of Miss Universe 2015 Flora Coquerel is paying a visit to Vietnam, where she will attend events in HCM City. On May 24, she was welcomed at the Tan Son Nhat International Airport by Miss Vietnam 2014 Nguyen Cao Ky Duyen, the winner of Vietnam’s Next Top Model 2011 Hoang Thuy and well-known fashion designer Hoang Hai. On May 25, the French beauty queen wore a white Vietnamese ao dai during a city tour with Miss Vietnam Ky Duyen. She also attended some events in HCM City. Some photos of Flora Coquerel in Vietnam:Miss Vietnam 2014 Ky Duyen and supermodel Hoang Thuy welcomed Miss France 2014 at the airport Miss France 2014 and Vietnamese beauty queens at the press conference of Miss Vietnam 2016 pageant in HCMC on May 25 … [Read more...]

Vietnamese literature, music mentioned in Obama’s speech

Late composer Trinh Cong Son was mentioned in President Obama's speech.

VietNamNet Bridge – US President Barack Obama quoted poems and lyrics by Vietnamese great poet Nguyen Du, late composers Van Cao, Trinh Cong Son, Tran Lap, and pop star Son Tung M-TP in his remarks delivered in Vietnam. During his three days in Vietnam, President Obama had many speeches and conversations. He impressed Vietnamese audiencesby quoting poems and lyrics and mentioning the names of Vietnamese senior and young artists. In the speech at the state banquet at noon May 23, President Obama mentioned the proverb "An qua nho ke trong cay" (When you eat the fruit, think about the one who planted the tree) when talking about paying tribute to the people who set the foundation for the relationships between Vietnam and America. Obama said: "I’m told there is a saying here in Vietnam - which I will not say in Vietnamese - but it says, When you eat the fruit, think about the one who planted the tree. And today, we pay our respects to all who came before us - Vietnamese and … [Read more...]

VN-US sign many agreements during Obama’s visit to Vietnam

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VietNamNet Bridge - Along with specific agreements signed during the visit to Vietnam by US President Barack Obama, many US businesses expressed their desire to establish or expand investment in Vietnam. At the meeting between businesses of the two countries, held on May 23 by the American Chamber of Commerce (AmCham) and the Vietnam Chamber of Commerce and Industry (VCCI), a series of agreements, and memoranda of understanding between American businesses and government and Vietnamese partners were signed, mainly in the fields of high technology, clean energy, climate change and environmental protection. The agreement on solar energy cooperation between First Solar and Thien Tan Thien Tan Investment and Construction Company signed two major contracts to purchase solar panels worth $35 million to serve its solar power plant project, which kicked off in mid-2015. The plant has a capacity of 19.2 MW with a total investment of VND800 billion ($38 million). The plant is built on 24 … [Read more...]

BRG named among top 10 developers in Vietnam

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On May 20, Vietnamese developer BRG received the BCI Asia Top 10 Developers Awards for 2016 with its 5-star hotel, trade centre, and luxury condo project at 14 Tran Quang Khai Street in the northern city of Haiphong. The project, located on a 8,300 square metre land plot, includes two buildings, namely the 5-star Hilton Hai Phong Hotel & Residences and the trade centre and luxury condo, representing a combined investment of VND2.2 trillion ($100 million). The project is expected to become operational in 2018. Other companies receiving the award included HBCI, MIK Group Vietnam Corporation Company Limited, Novaland Investment Group Corporation, Phuc Khang Corporation, SonKim Land, Sun Group, Tan Hoang Minh Group, TNR Holdings Vietnam, and Vingroup JSC. BRG provides services in many areas, including real estate, hospitality, entertainment, golf courses, trade, retail, production, and construction. In real estate, BRG has developed projects in most major cities in Vietnam, with … [Read more...]

Hanoi: CPI expands 0.35 pct, export rises 2.7 pct

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The consumer price index in Hanoi in May expanded 0.35 percent from April and 2.4 percent from the same month last year, the municipal Statistics Office (GSO) reported on May 24. The highest hike was spotted in transportation services, which edged up 2.07 percent from April. The group of post-telecommunication and education remained stable while cultural, entertainment and tourism services experienced a decline of 0.19 percent. Gold price saw a rise of VND/USD 1.5 percent and the exchange rate was up 0.01 percent. In the reviewed month, the capital’s export earnings were estimated to hit USD 897 million, rising 2.7 percent from April but declining 1.9 percent from the same month last year. Shipments of electronics, means of transport and spare parts, machinery and components continued to experience a rise while farm produce suffered a continual drop. Source: VNA … [Read more...]

Vietnam’s ‘Queen of Hip Hop’ impresses Obama with her rhymes

Rapper Suboi.

Time - an American weekly news magazine on May 25 run a story about a meeting between President Obama and young Vietnamese people in Ho Chi Minh City. browser not support iframe. Obama talked to twenty-six-year-old rapper Suboi who has been dubbed "Queen of Hip Hop" in Vietnam. It’s a brave career choice in a repressive state where outspoken artists fear upsetting the authorities with their lyrics. On May 25, though, more bravery was required as she was put on the spot by US President Barack Obama. The rap artist — real name Hang Lam Trang Anh — put her hand up to ask the President his views on the importance of arts and culture to nations. Despite the restrictive environment, Vietnam’s artists "have a lot to say," she said. "Before I answer your question, why don’t you give me a little rap?" Obama replied. Suboi immediately launched into a few lines of impressive verse, in Vietnamese. "I was just talking about some people having a lot of money, … [Read more...]

More U.S., Vietnam firms strike deals

Lan Nhi Vietnam National Oil and Gas Group (PVN) said it has signed memorandums of understanding (MOUs) with two American companies, Honeywell and Murphy. PVN said the deals were aimed at expanding their cooperation beyond the ongoing projects they have been involved in. The MOU with Murphy will allow the two sides to explore business opportunities for mutual benefits, particularly cooperation in oil and gas exploration and exploitation projects in Vietnam, the U.S. and third countries. The two sides agreed to continue oil and gas exploration in the framework of the signed petroleum contracts for blocks 144 and 145 in Phu Khanh basin off the southern coast and Block 11-2/11 in Nam Con Son basin. PVN said it saw the interest of Murphy and its affiliates in participating in other oil and gas exploration and exploitation projects in Vietnam, especially in blocks 15-1/05 and 15-2/15 and those in Cuu Long basin off Vietnam’s southern coast, and gas projects in Malay Tho Chu … [Read more...]

May CPI edges up on fuel price hikes

Minh Tam The transport group has soared 2.39% in price this month over last month as fuel prices were adjusted up late last month and early this month. The price of food and catering services, which are the most-weighted group in the basket of commodities used for CPI calculation, has picked up 0.36% month-on-month. Of which, food and foodstuff have edged up 0.68% and 0.38% respectively while eating-out services have gone up 0.16%. Food prices have risen by 3.19% over December last year. The higher price in the past months has been attributable to an increase in the export price of rice as paddy output in the Mekong Delta, the country’s key rice producing region, has fallen due to the severe impact of protracted drought and salination. Similarly, prices of many foodstuff items have spiked in many provinces as supplies have fallen short and the fact that China earlier stepped up pig imports from Vietnam. The past five months have seen prices of foodstuffs up 2.19%. The … [Read more...]

HCM City’s CPI up 0.82% in May

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VGP – The Consumer Price Index (CPI) in Ho Chi Minh City in May increased 0.82% against April and saw a year-on-year increase of 1.6%, according to the city’s Statistics Office. The average CPI in five months of 2015 rose 0.86% compared to the same period last year. Nine out of the 11 commodities witnessed increases in prices in comparison with the previous months. The transport group price saw the highest hike with 2.66%. Other groups also saw increases in prices such as housing, electricity, water, fuel and building materials up 1.86%, telecommunications up 0.4%, food and food services up 0.35%, goods and other services up 0.24%, culture and entertainment up 0.18%, equipment and household commodities up 0.08%, garments, hats and footwear up 0.03% and education up 0.03%. Beverage and tobacco prices decreased 0.05% while pharmacy and health care service prices remained stable. The gold price picked up 0.84% and the US$ price went down 0.02% against the previous … [Read more...]

VN tourism sees robust growth

Foreign visitors tour Hue City by pedicab. Tourism continues to be a promising source of income for Viet Nam. – Photo: VNA/VNS

VietNamNet Bridge – Tourism in Viet Nam continues to be a promising source of income for the country, with growing demand for accommodation, and many new and promising projects in the pipeline for the next decade. According to data from STR, the worldwide leading hospitality data centre, Viet Nam has recorded an impressive hotel performances growth for the first quarter of the year. Asia-Pacific results were mostly positive when compared with the same period last year, with the region showing a 1.7 per cent increase in occupancy to 66.6 per cent with average daily rates (ADR) remaining nearly flat. The RevPAR (revenue per available room) increased on average 1.5 per cent to US$69.93. Viet Nam has led the growth with a recorded 5.6 per cent increase in occupancy to 68.7 per cent and a 4.5 per cent rise in ADR to $129.67 in the upscale segment. The country’s ADR was the highest on record for any quarter. As a result, RevPAR grew by double digits (+10.3%) to $88.98, in … [Read more...]

CPI up 0.54% in May over April

Demand for food was also higher than the previous month because of the long holiday in the beginning of May. — Photo laodong.com.vn

HA NOI (Biz Hub) — The consumer price index (CPI) in May rose 0.54 per cent over the last month, the General Statistics Office (GSO) reported yesterday. The figure represents a year-on-year increase of 2.28 per cent, the GSO said, adding that the CPI in the first five months of this year surged by 1.59 per cent on an annual basis. Among the 11 groups of products and services, transportation services posted the highest growth in May of 2.39 per cent, mainly driven by the price hike of petrol and oil, which was adjusted on April 20 and May 5. Increases were seen in building materials (0.88 per cent); restaurant and catering services (0.36 per cent); cultural, entertainment and tourism services (0.34 per cent); beverages and tobacco (0.11 per cent); and household appliances (0.09 per cent). Deputy head of the GSO's Price Statistics Department, Do Thi Ngoc, said the May CPI rise was attributed to the price hike in food due to the drought and saltwater intrusion in the Mekong … [Read more...]

Int’l circus festival to come to Thua Thien-Hue

A Vietnamese circus performance.

The international circus festival will take place in the central province of Thua Thien-Hue between May 28 – June 4, attracting 11 troupes from Cambodia, Laos, Malaysia, Thailand, China, Ukraine and Vietnam. Magic shows, juggling, sport and swinging acts, roller skating, acrobatics and acts by clowns will be put on stage, as heard at a press conference in the Hue city on May 24. Spectators will be able to enjoy six shows, each staging 11-13 performances. The closing gala will be held on June 4. The festival is co-hosted by the Ministry of Culture, Sports and Tourism’s Department of Performing Arts and the provincial Department of Culture, Sports and Tourism. VNA … [Read more...]

Behance Portfolio Reviews – Vietnam Halography 2016

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(VOVworld) - Designers from across Vietnam gathered at Hanoi Creative City, an art, creativity and entertainment complex, for a festival called Behance Portfolio Reviews- Vietnam Halography 2016. VOV reports: Behance is familiar to people working in creative industries. It's a leading online platform for showcasing and discovering creative work. The creative world updates their work in one place, broadcasts it widely and efficiently, and businesses can explore the work and access talent on a global scale. Twice annually, Behance presents Portfolio Review Week, an unprecedented series of volunteer-organized events that has spread to hundreds of cities all over the world. And in Vietnam, Portfolio Review was co-organized for the second time by Behance Vietnam and Rio Vietnam Creative and Media Joint Stock Company, bringing the thriving online community into offline spaces. 53 outstanding art works selected by Behance Vietnam were on display. Each work represented its designer's … [Read more...]

Vietnam’s CPI in May increased highest since 2012

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The Hanoitimes - Vietnam`s consumer price index (CPI) in May increased by 0.54% compared to April and the figure represents a year-on-year increase of 2.28% over the same period in 2015. Reports from the General Statistics Office showed that CPI in May rose 1.88% compared to December last year. Besides, the average CPI in the month compared to the same period last year also increased by 1.59%. Accordingly, core inflation after excluding food and fresh food; energy and commodity management by the State including health services and education services increased 0.25% in May compared with April, rose 1.87% over the same period and the first five months compared to the same period of 2015 increased by 1.78%. Among the 11 groups of products and services, transportation services posted the highest growth in May of 2.39 percent, mainly driven by the price hike of petrol and oil, which was adjusted on April 20 and May 5. Increases were seen in building materials (0.88 percent); … [Read more...]

Vietnamese, American artists join May 27’s concert

Horn artist Dr. Martin King

The Hanoitimes - The Saigon Wind Ensemble and guest artists from Washington State University (USA) will perform at a "Wind music from around the world" concert at the HCMC Conservatory of Music at 7:30 p.m. on May 27. Through the remarkable wind ensemble repertoire from European dances and American movies, spectators can listen to wind music of different cultures from around the world. The concert features invited horn artist Dr. Martin King, and percussionist and conductor Dr. Troy Bennefield. Especially, guest conductor Danh Pham and the Saigon Wind Ensemble will perform some pieces from the soundtracks of Star Wars, composed by John Williams. Dr. King, a clinical assistant professor of horn and music education, coordinates the Instrumental Music Education program at Washington State University. He has a wide-ranging playing and teaching career across the US. He maintains an active orchestral schedule. He is currently co-principal horn in the Washington Idaho Symphony and … [Read more...]

Vinpearl named investor of safari park project in Ho Chi Minh City

Authorities in Ho Chi Minh City have announced that Vinpearl JSC, a subsidiary of Vietnamese realty conglomerate Vingroup, are the chosen investor in the Saigon Safari Park project. Chairman of the municipal People’s Committee Nguyen Thanh Phong has approved the proposal to award Vinpearl the Saigon Safari Park project in Cu Chi District. The company is required to establish plans and a schedule in accordance with regulations and submit reports on the project's progress to the committee. Several alterations to the original design have been made by the investor, including reducing the area for golf courses and accommodation, expanding the scale of animal habitat, and opening additional entertainment, sports and outdoor activities, among others. The People's Committee has asked Vinpearl to present more resolutions with detailed plans, which will all be discussed by relevant agencies. The Ho Chi Minh City Department of Planning and Architecture was in charge of inspecting … [Read more...]