Social News 18/11

Stop preventable deaths: UNICEF UNICEF has launched a campaign called ZEROworkplace that involves companies in its efforts to eradicate preventable child deaths in Viet Nam. ZEROworkplace enables managers to provide critical information to employees in an inexpensive and effective way that can have a lifesaving impact on their children. "In Viet Nam, 100 children die every day from preventable causes," Youssouf Abdel-Jelil, UNICEF's representative in Viet Nam, said at the launch ceremony in HCM City on Monday. … [Read more...]

Social News 17/11

Newspaper fined for inaccuracy The Ministry of Information and Communications' Deputy Chief Inspector, Do Thi Tinh, has decided to fine the Dan Viet online newspaper VND 15 million (US$714) for publishing inaccurate information. The story in question, "The world's most magnificent presidential palaces," was carried on November 2. The paper could appeal or contest the decision, the ministry said. The Information and Communication Ministry this year has issued fines on a large number of online and print newspapers for a variety of offences dealing with incorrect information. … [Read more...]

Social News 20/10

The queen of dairy cow named A contest for 126 dairy cows in the northern province of Son La wrapped up on Wednesday with the first prize of VND60 million given to a cow coded 1386 belonging to Bui Van Dinh in Moc Chau Plateau, VietnamPlus reports. The cow won the Moc Chau Dairy Cow Beauty Contest thanks to its outstanding grace and ability to produce more milk than other 19 rivals. Dinh said he has invested much in his cow and paid close attention to the breeding and training of the cow. "I feed, wash and groom it; let it listen to music and enjoy massage, and train it to stay calm in front of people," Dinh shared his winning secrets. … [Read more...]

Social News 30/9

Ministry brings attention to cracks in Vietnam's longest highway The Ministry of Construction has requested that the Ministry of Transport and the investor of the newly-opened 245-km Noi Bai-Lao Cai Highway investigate the causes for cracks on the route, the longest of its kind in Vietnam. According to the Ministry of Construction, the State Agency for Construction Quality Investigation has visited the site for investigation. The ministry has also asked that the Ministry of Transport instruct the investor, Vietnam Expressway Corporation, to find out and divulge the causes these cracks and work out the quickest solution. … [Read more...]

Who is the second-ranked dollar billionaire in Vietnam?

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VietNamNet Bridge - After Mr. Pham Nhat Vuong, the following names are said to be the most outstanding candidates for the second dollar billionaire of Vietnam. relate news First Vietnamese billionaire on Forbes listVietnamese-American billionaire among 1,000 richest people in the worldSpecial heirs in Vietnam300 billionaires group as Vietnamese super-rich On September 17, Wealth-X and UBS (Swiss Bank) released the report "Billionaire Census 2014". In particular, Vietnam has two billionaires with total assets of approximately $3 billion. One of the two names is confirmed to be Mr. Pham Nhat Vuong, Vingroup chairman, who was included in the list of Forbes billionaires for two consecutive years, with assets estimated at $1.6 billion (announced in March 2014). … [Read more...]

Vietnam cbank moots $94k individual home loans for decent income public servants

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Vietnam's central bank is studying the feasibility of offering a new home loan package that would allow public servants with a stable income to borrow up to VND2 billion (US$94,135) each at preferential interest rates to purchase condominiums or terraced houses. The beneficiaries of the proposed package include public officials, civil servants, and members of the armed force whose family income is around VND25 million ($1,177) a month in total, Nguyen Tien Dong, head of the credit department under the State Bank of Vietnam (SBV), told Tuoi Tre (Youth) newspaper in an interview published Friday. … [Read more...]

Good Books Awards winners announced

Winning titles: The 13 winners of the 2014 Good Books Awards. - VNS Photo

HCM CITY (VNS) - Thirteen winners of the annual Good Books Awards in seven categories were announced yesterday in HCM City following a vote by the public. … [Read more...]

Social News Headlines 21/3

Ha Noi blogger Pham Viet Dao has been sentenced to 15 months in prison after pleading guilty to abusing his rights to freedom and democracy.

Ha Noi blogger to spend 15 months in jail for slander The court ruled that his actions had infringed upon State interests, rights and legitimate interests of organisations or citizens under Article 258 of the Penal Code. The jail term will starts from the date he was detained on June 13, 2013, the court ruled. The indictment read that Dao, 62, residing in Buoi ward, Tay Ho district, authored three blogs -Phamvietdao3.blogspot.com, Phamvietdao4.blogspot.com and Chientranhtrungviet.blogspot.com - on which he posted 91 articles slandering the Party and State. At the yesterday's trial in the capital city, Dao admitted his guilt, saying his actions were a result of a lack of awareness of the law. He promised not to repeat his actions. Dao has 15 days to appeal the verdict. 200kg of black coral seized in Quang Binh Police in the central province of Quang Binh seized 239 kilos of black coral transported by car on Tuesday. Tran Anh Tuan, the driver, said that the cargo was … [Read more...]

Social News Headlines 8/3

Prime Minister Nguyen Tan Dung has decided to establish the Viet Nam National Mine Action Centre (VNMAC) to deal with unexploded bombs and mines.

Centre addresses problem of unexploded bombs and mines The centre, managed by the Ministry of National Defence, will work with agencies on research and policies to reduce the harm that can be caused by unexploded ordnance. It will act as the main agency for mobilising international support for dealing with bombs and mines left over from wars. The centre will be in charge of co-ordinating projects on bomb and mine clearance and supporting bomb and mine victims. An estimated 15 million tonnes of bombs, mines and explosives were used during the American War in Viet Nam. At the current pace of detecting and defusing unexploded ordinance, it is estimated that it will take Viet Nam about 300 years to completely clear all threats. On Wednesday, a team from Mines Advisory Group detonated 25 mortar and artillery shells in Dong Ha city in Quang Tri Province. Hoang Minh Phuong, head of the team, said local people unearthed the deadly ammunition during construction of their houses. … [Read more...]

Results of archaeological studies and excavations made by Vietnam National Museum of History from 2012 through 2013

During the first years of establishment by merging two museums, in 2012 - 2013, VNMH carried out archaeological studies and excavations in many regions of country. Such things have brought results that met demand and requirements of understanding about past cultures, religions, arts … and getting collections of objects for conservation and exhibition.The noticeable studies and excavations made are: 1. Co-operated with LangSonMuseum (Lang Son province), to excavate the Pre-History caves in Tràng Định, Bình Gia, Lộc Bình, Chi Lăng and Hữu Lũng districts. We have collected some fossil samples in Na Duong coal - mine area and defined the possible sites for further studies and excavations such as Chi Phuong, Tham Dan Lai and Minh Le sites in Trang Dinh and Binh Gia districts. 2. Co-operated with National Museum of Korea to excavate Bai Coi relic (Nghi Xuan, Ha Tinh province) for the third excavation. The Bai Coi relic's objects will be exhibited in South Korea in 2014. National Museum of … [Read more...]

Social Headlines January 25

It seems folks in the city are all flocking to well known hotspots to choose the best flower pots to adorn their homes for Tet (Lunar New Year).

HCM City pays $57m in unemployment benefits Last year, 109,600 laid-off workers in HCM City applied for unemployment benefits, according to the city's Job Placement Centre. Also, nearly 108,500 employees were paid unemployment insurance benefits worth VND1.2 trillion (US$57.1 million). Around 5,700 unemployed workers registered for vocational training courses in 2013. The centre posted information about jobs to more than 77,600 laid-off workers, and half of them successfully applied for these positions. Also last year, 23,000 people found jobs through employment fairs organised by the centre. The centre plans to introduce jobs to 330,000 people this year and expects to record 100,000 applications for unemployment benefits in 2014. Festive blooms stop the traffic Amidst the gaiety that this activity brings out into the city's streets, there are some residents, including commuters, who are not sharing the festive cheer. The reason is not difficult to discern - worsening traffic … [Read more...]

Art & Entertainment Headlines January 17

Three wooden altars in the former Royal Palace's Trieu To temple in Hue will be restored with financial support from the US Ambassador's Fund for Cultural Preservation.

Megastar cinemas renamed CGV All Megastar cinemas have been renamed CGV as of Wednesday, January 15, announced the CJ CGV Group of South Korea, the new manager of Viet Nam's biggest cinema chain. CGV cinemas will also be installed with 4DX, a motion picture technology that provides a four-dimensional cinematic experience. CGV cinemas in Ha Noi and HCM City will be the first to offer the group's latest technology. A joint venture between Vietnamese and foreign investors, MegaStar had opened its first cinemas in the two largest cities of the country in 2007. Since then, the number of cinema complexes has jumped to 13 in seven cities and provinces nation-wide, claiming more than 50 per cent of the market share. According to the group's CEO Seo Jung, CGV Viet Nam aims to maintain its market share and entertain audiences in Viet Nam with new and interesting experiences. Jung said that Hollywood blockbusters will be screened in Viet Nam even before they are released in the North … [Read more...]

Borrowers Need to Focus on Financial Information Transparency to Better Access Bank Loans

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The corporate finance situation determines the accessibility of enterprises to capital sources. Therefore, to effectively access lending sources, they must have clear and transparent financial reports and continuous corporate revaluations to adapt to market development. This was agreed on by economic experts at a workshop entitled "Banks boost credit growth and opportunities for businesses in 2014" organised by the Ho Chi Minh City Branch of the Vietnam Chamber of Commerce and Industry (VCCI-HCM). Giving remarks on the current status of small and medium enterprise (SME) system, Dr Cao Sy Kiem, Chairman of Vietnam SMEs Association, said SMEs currently account for 95 - 97 percent of total enterprises active in the country. However, up to 90-95 percent of companies have to rely on bank loans to continue operations. Unfortunately, given growing bad debts and overdue debts, they are unlikely to be able to access new loans. He said the biggest obstacle to SMEs' access to bank loans rests in … [Read more...]

Social Headlines December 10

A fire occurred at around 3.30pm yesterday in a two-storey temporary makeshift in the An Hung area of Ha Dong District.  Five workers have been rushed to hospital suffering smoke inhalation.  The fire was extinguished an one hour later.

Coal lorry accident adds to traffic tally A lorry carrying coal killed one person and seriously injured another yesterday morning after plunging 30m and striking a cabin in the northern province of Quang Ninh. An initial investigation showed that the lorry lost control while driving between two coal companies in Dong Vong and Vietmindo in Uong Bi City and Hoanh Bo District. Last weekend, three traffic accidents killed two and injured three people in the northern province of Hung Yen. Of those, the most serious case happened on Saturday morning when a vehicle struck and killed a paralysed man and his daughter as she was pushing her father's wheelchair across a street in Kim Dong District. Cooking hazard The area - home to about 100 workers - was destroyed. Local workers have blamed the fire on an electrical leakage that occured while cooking. Quang Ninh bans poison alcohol The People's Committee in the northern province of Quang Ninh yesterday spoke with local health … [Read more...]

Mekong residents waste groundwater

A woman pumps water from a well in Tham Don Commune, Soc Trang Province. The Cuu Long (Mekong) Delta's groundwater quality and quantity have declined due to over exploitation for daily life and business use. — VNA/VNS Hoang Hai

CUU LONG DELTA (VNS)— The Mekong Delta groundwater's quality and quantity have declined due to local residents' over exploitation for daily life and business use. There are more than 400,000 household bore wells besides hundreds of water-supply stations that draw groundwater in the region. The water is also used for agricultural production and aquatic cultivation. Tran Van Ho in Soc Trang Province's Vinh Chau Town said he used water from his family's 110-meter deep bore well to irrigate vegetables and watermelons. "Without this bore well, my family could not produce anything," he said. Duong Quoc Viet, head of the Soc Trang Sub-department of Irrigation and Flood and Storm Prevention and Control, said groundwater was being used wastefully. Of the used groundwater, only 20 per cent irrigates crops and the rest just flows away. The province has told people to use a drip irrigation method, but local residents ignore the method. Because there is not enough water for household … [Read more...]

BUSINESS IN BRIEF 9/3

Raw material price hike causes burden for steel, packaging industry Raw material prices for the steel and packaging industry have shot up a great deal, causing much difficulty and financial pressure on manufacturing companies in Ho Chi Minh City. Several packaging companies are facing difficulty due to increase in raw material price (Photo: SGGP) Despite the current freeze in the real estate market, steel prices have gone up by VND160,000-200,000 per ton to touch VND14.5 million in first week of March. According to Do Duy Thai, director general of Pomina Steel Company, the steel price hike is due to import price increase on raw material. Vietnam Steel Association has said that iron ore price has recently rocketed to US$158.5 per ton, the highest level in the last 15 months. Pham Chi Cuong, chairman of the association, said that the price of raw materials like iron ore, scrap steel and steel billets have escalated due to high demand in China. At present, the import price of steel … [Read more...]

SBV partially relaxes regulation after blasts

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The State Bank of Vietnam (SBV) on Thursday announced that it has amended the new draft law which will allow the local people to give away or donate all foreign currencies, including the popular US dollar, within Vietnam. According to information recently posted on the website of the SBV, the board responsible for drafting the new decrees on foreign currency management from the central bank has taken the move after receiving a lot of comments, suggestions, and even criticisms from local experts and people. "The editing board for the new decree has realized that it is reasonable to maintain the people's right in giving away or donating foreign currencies, which stays within the framework of the provisions of the National Ordinance on Foreign Exchange," according to SBV website. "The ordinance allows individual owning foreign currencies to deposit, receive principals and interests in a foreign currencies." The new draft decree, after being finalized, will replace Decree No.160 … [Read more...]

Commercial banks told not to open more branches

VietNamNet Bridge - The State Bank of Vietnam believes that the number of bank branches and transaction offices is now "bigger than enough." However, banks still have been trying to set up more branches. According to the HCM City branch of the State Bank of Vietnam, there are 2,102 transaction points in HCM City, including 144 bank branches and 628 transaction offices of HCM City-based banks. The other 59 bank branches and 419 transaction offices belong to the banks headquartered in other localities. Of these, state owned banks have 96 branches and 400 transaction offices located in HCM City. As such, there are over 6.5 transaction points in every ward, commune or town in HCM City. A bank branch director in district 3 said the competition among banks has become stiffer than ever with more and more bank branches newly set up, especially in key areas. In principle, banks have to conduct market surveys before deciding to establish a new branch. They need to learn about the population … [Read more...]

Vietnam likely to face extreme weather

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Vietnam to build satellite hospitals to cut overload Vietnam would invest more than VND1.7 trillion in a project in 2013-2020 to develop satellite hospitals in major cities to cope with the increasingly severe overload at the current leading hospitals. According to the Ministry of Health, the State budget will cover VND712 billion of the total cost of the project, with the balance sourced from cities and provinces. At a meeting on the satellite hospital project from 2013 to 2015 in Hanoi on Wednesday, Luong Ngoc Khue, director of the Department of Medical Service Administration, said the ministry by 2015 would set up a network of 48 satellite hospitals for 14 major hospitals specializing in tumor, external trauma, cardiology, obstetrics and gynecology and pediatrics. These key hospitals are located in big cities that can establish and develop satellite facilities to help improve the quality of their health services. The 2013-2015 satellite hospital scheme is expected to reduce … [Read more...]

BUSINESS IN BRIEF 19/8

Local firm wants to take over Nam Can Port A local company whose name is not yet revealed has expressed its desire to take over Nam Can Port, which has been inactive for years as its operator is struggling with financial distress, said a senior source from the government of Ca Mau. Located on the left bank of the Cai Lon River in Ca Mau's Nam Can District, Nam Can Port was upgraded from a river port to a seaport in 1995 with total investment of over VND111.6 billion. The units under the Ministry of Transport were in charge of design, supervision and execution. As per the design, Nam Can Port is capable of catering to vessels weighing 5,000-12,000 tons and handling 800,000 tons of cargo every year. After receiving the port from the transport ministry, the government of Ca Mau set up a company to operate the port. In late April 2006, at the request of Vinashin, the provincial government handed over Nam Can Port to the State-run shipbuilder. When Vinashin ran into troubles, the port … [Read more...]