FDI flows up 67.1% in January

Illustration photo

VGP – As of January 20, Viet Nam disbursed US$505 million in Foreign Direct Investment (FDI), up 8.6% compared to the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. The FDI sector’s exports (including crude oil) hit US$8.49 billion in January, a year-on-year increase of 8.2% and accounting for 66.8% of the country’s total exports revenue. The sector’s imports are estimated at US$7.8 billion, up 41.4% and making up 57.8% of the country’s total imports. Accordingly, the FDI sector enjoys a trade surplus of US$690 million in January. Foreign investors poured US$392.18 million in 44 newly-registered projects, up 85.5%. A total number of 19 projects were added the capital of US$271.26 million, up 45.8% in the reviewed time. In January this year, the total newly-registered and additional capital is estimated at US$663.44 million, up 67.1%. The processing and manufacturing industries … [Read more...]

Social News 25/1


Authorities bust traffickers for transporting firecrackers Several individuals were caught transporting forbidden commodities over the past few days, alerting authorities to the worsening problem of trafficking during the days approaching Tet (lunar new year). In Quang Ninh Province's Ha Long City yesterday, a team of economic and traffic police caught container driver Tran Van Dang transporting 17kg of made-in-China firecrackers. The Hai Duong Province resident said he purchased the goods in Mong Cai City for VND800,000 (US$37) and intended to resell them for profit. City police are completing the necessary documents to charge Dang with transport of forbidden goods. On Wednesday, the General Department of Viet Nam Customs's Department of Investigation and Anti-Smuggling and Quang Ninh Province's Mong Cai Border Gate customs officers dispatched forces to watch for firecracker smugglers. Although the smugglers escaped, they left behind four jute bags containing 30 strings of … [Read more...]

Raising wild animals in farms causes scare in Vietnam


Tigers at a farm in Thanh Hoa Province. Photo: Ngoc Minh An attack on a three-year-old boy by a captive bear at his home outside Ho Chi Minh City has focused attention on the dangerous but common practice of keeping wild beasts as pets and as farm animals. The incident happened on January 11 when the boy, identified only as D, put his arm into the bear’s cage through a hole caused by its feeder becoming rusty. The child’s family, living in Hoc Mon District, managed to rescue him but doctors were unable to reattach his right arm that was severely damaged by the 100-kg bear before it was killed by electric shock by an unidentified person. Several neighbors said it was scary to realize that they had been living near a dangerous wild animal for three years without being aware of it. But in many cases, people who are aware of living near dangerous captive animals suffer permanently from anxiety. According to Do Quang Tung, director of the CITES (Convention on International … [Read more...]

Government News 21/1

Military officer meets with Lockheed Martin executive Deputy Defence Minister Sen. Lt. Gen. Truong Quang Khanh had a meeting with Executive Vice President of the US-based security and aerospace corporation Lockheed Martin Patrick M. Dewar in Hanoi on January 20. The Deputy Minister welcomed Patrick M. Dewar and spoke highly of Lockheed Martin’s cooperation with Vietnamese companies, particularly in information technology. Dewar thanked the officer, saying his corporation looks forward to further opportunities to collaborate with the Vietnamese Defence Ministry. Vietnam prioritises all-round cooperation with Japan Vietnam hopes to further deepen the friendship and multi-dimensional cooperation with Japan, considering this one of the top priorities of the country’s foreign affairs policy. Deputy Prime Minister Hoang Trung Hai made the statement while receiving Chairwoman of the Japanese Committee for Foreign Affairs and Defence Katayama Satsuki in Hanoi on January … [Read more...]

Social News 21/1


Trucks blamed for congestion on Hanoi Highway A nine-hour traffic jam on Hanoi Highway last Friday was due to a long line of container trucks heading for Truong Tho port complex while a road widening project has yet to get off the ground. Container trucks were moving inch by inch to Truong Tho port complex in Thu Duc District, causing serious congestion on other streets including Mai Chi Tho and Dong Van Cong in District 2. The Truong Tho port area comprises Phuoc Long 3, Transimex and Phuc Long inland container depots (ICD), and some steel and cement factories. At present, Hanoi Highway is the only way leading to the Truong Tho port area, so traffic often snarls this time of year as trading activity picks up in the lead up to the Lunar New Year holiday. Le Duy Hiep, general director of Transforwarding Warehousing Joint-Stock Corp. (Transimex-Saigon), told the Daily that Friday’s heavy traffic jam resulted from a narrow road leading to Truong Tho while an increasingly … [Read more...]

Breakfast @ Tuoi Tre News – January 20

Politics    -- Tien Giang Province yesterday held a ceremony to celebrate the 230 th

Briefs of some of the leading news stories published on Tuesday (January 20) in Tuoi Tre (Youth) newspaper: anniversary of the Rach Gam – Xoai Mut Victory. It was the military win of Vietnam over Siam (now Thailand) invaders. -- State President Truong Tan Sang took part in a meeting with the judicial system yesterday in Hanoi and instructed officials not to make unfair judgments. -- The People’s Committee of Hoang Sa (Paracel) District in the central city of Da Nang held a meeting yesterday to commemorate the loss of Vietnam’s Hoang Sa archipelago to China 41 years ago. Delegates and witnesses confirmed that the archipelago belongs to Vietnam forever. -- Deputies attending a meeting of the law-making National Assembly yesterday called for a suspension of military service for college students. Society -- Vietnam has merged the Department of Road and Railways Traffic Police and the Department of Waterway Traffic Police into the Department of Traffic … [Read more...]

Breakfast @ Tuoi Tre News – January 19


Here are the leading news stories in Vietnamese media in brief for today, January 19, 2015. Politics -- Speaker of Uruguay’s Chamber of Representatives Anibal Pereyra on Sunday arrived in Hanoi to begin his five-day visit at the invitation of Vietnamese National Assembly Chairman Nguyen Sinh Hung. -- Vietnamese State President Truong Tan Sang on Sunday had a working session with the northwest province of Hoa Binh, during which he urged the provincial leaders to exert stronger efforts to promote local economic growth. Society -- A Vietnamese woman was among six drug convicts executed by Indonesia on Sunday. -- A fifth grader drowned when he was swimming at a private-run swimming pool in Ho Chi Minh City’s District 12 on Sunday. -- Police in the southernmost province of Ca Mau’s U Minh District have seized around 1.1 tonnes of cannabis illegally grown by a local farmer at his home, officers said Sunday. -- Hundreds of Lao and Cambodian students joined … [Read more...]

Social News 19/1

Court jails 27 for gambling The people's court in Cao Bang Province yesterday sent 27 people to prison for organised gambling. According to the court reports, on January 10, 2014, the Cao Bang police raided a guest room in the province and found four people engaging in illegal gambling. They also seized VND742 million (US$34,500) in cash from the site. Further investigations showed that the four persons were part of a larger gambling network that also organised gambling in the province from October 2013 to January 2014. The gambling network comprised 27 people, who received prison terms varying from one to six years. Several other persons were given probation. According to the Criminal Code, gambling is illegal in Viet Nam. Work begins on Ha Noi ring-road link Construction work on the Trung Hoa-Ring Road 3 intersection in the capital city, which will include two tunnels, began on Sunday, the Thang Long Project Management Board has announced. Vu Xuan Hoa, head of the Board, said … [Read more...]

Social News 18/1

Hand, foot and mouth disease strikes Hanoi A health official from the Hanoi Health Department says a surging outbreak of hand, foot and mouth disease in ten districts in Hanoi has infected 36 people so far this year. According to the official, there have been five separate outbreaks reported and there is an especially high risk of a widespread outbreak in Bac Tu Liem district with six infected cases recently reported. There is no vaccine to prevent the disease, the official said. Vietnam recorded 80,685 cases of hand-foot and mouth disease in 2014 including eight deaths while Hanoi reported 1,170 infected cases in 26 out of 30 districts citywide. The disease is a contagious viral illness that commonly affects infants and young children. Symptoms usually begin with a fever, sore throat, painful sores in the mouth. Complications include viral meningitis, myocarditis, and acute pneumonia, which can be fatal. To reduce the risk of catching the virus, both children and adults should … [Read more...]

Social News 16/1

Separate jails proposed for transgender, gay prisoners Homosexual and transgender prisoners may be housed in jails separate from the general prison population to protect them from sexual harassment under a plan proposed by the Social, Economic and Environmental Institute to the Ministry of Public Security. The institute has been studying gender-related problems for many years and says many countries provide separate jails for transgender prisoners who are classified as trans-female or trans-male. A 2014 report found that the majority of transgender prisoners wanted separate jails to avoid the risks of sexual harassment. Homosexual and transgender prisoners face the highest risk of sexual harassment. The institute cited statistics from the US state of California, which showed 67 percent of homosexual and transgender prisoners have suffered sexual harassment. The institute said that under current infrastructure in Vietnam, transgender prisoners can only either be held in solitary … [Read more...]

12 artefacts awarded the title “National Treasure”

82 doctorate stelae at Ha Noi's Temple of Literature are among the newly recognised national treasures.

The Hanoitimes - Prime Minister Nguyen Tan Dung has just decided to recognize for 12 objects, artifacts as the National Treasure. Accordingly, 12 newly National Treasures include: 1. The Huu Chung bronze drum of the Dong Son Civilisation, currently on display at the Hai Duong Provincial Museum. 2. The Thanh Mai Bell which dates back to AD798. It is exhibited at the Hanoi Museum. 3. A collection of 82 stone stelae commemorating royal court doctors from the 15th to 18th century, currently kept at the Ha Noi's Temple of Literature. 4. The "Khon Nguyen Chi Duc Chi Bi" stele from the 15th century still is preserved in the Lam Kinh historic site in Thanh Hoa province. 5. A Thuy Mon Temple stele from 1670, currently exhibited at the Lang Son Provincial Museum. 6. The Avalokitesvara Bodhisattva (Thousand-Hand-Thousand-Eye) statue, dating back to the 16th century, is preserved at the Da Xuyen Pagoda, Da Ton commune, Gia Lam district, Hanoi. 7. A set of three Buddhist statues … [Read more...]

Highest per capita income among 13 new rural communes

The per capita income in Co Dung ranked first among 13 communes meeting new rural standards in 2014, reaching VND35.69 million/ year. According to statistics, the per capita income (PCI) in Co Dung commune (Kim Thanh district) ranked first among 13 communes meeting new rural standards in 2014 in Hai Duong province, reaching VND35.69 million/ year. Tan Dan commune (Chi Linh provincial town) came second in terms of PCI (VND34.7 million), followed by Cong Hoa commune (VND30.5 million). These are the communes with thriving industry, small industry, handicraft, and services. The PCIs in the remaining communes were all below VND30 million/ year. As a rule, the communes meeting new rural standards in 2014 must have achieved a minimum PCI of VND26 million/ year. MINH ANH … [Read more...]

Social News 14/1

Three big cities launch English Champion 2015 The Vietnam Central Study Encouragement Association, EQuest Academy in collaboration with the Vietnamese American English Centre (VATC) has launched an English contest for primary and junior high school students (English Champion 2015). The contest will kick off on April 1, 2015, for students from the 4th to 8th grades in Ho Chi Minh City, Hanoi and Danang. Contestants will compete in three rounds to show their listening, speaking, reading and writing skills. Competition will follow the knockout format, examining the competitors’ communication and presentation skills. Last year, English Championship 2014 drew the participation of thousands students from more than 20 primary and secondary schools in the three big cities. Awards include scholarships and cash (VND6.2 million or US$294 for the winner of the English Championship 2014). Pilot issuance of Criminal Record Cards by post approved The Prime Minister has approved a project … [Read more...]

12 additional national treasures recognised


A collection of 82 stone steles at Hanoi's Temple of Literature NDO – Prime Minister Nguyen Tan Dung has signed a decision recognising 12 artifacts and groups of artifacts as national treasures. The Huu Chung bronze drum of the Dong Son civilisation (2,000-2,500 years ago), which is displayed at Hai Duong provincial Museum, was on the list. The Thanh Mai bell, dating back to 798, was also recognised as a national treasure. The bell is exhibited at the Hanoi Museum. The Khon Nguyen Chi Duc Chi Bi stele from the 15th century at the Lam Kinh historic site in Thanh Hoa Province and a Thuy Mon Temple stele from 1670, currently housed at the Lang Son Provincial Museum, were included on the list of national treasures. A collection of 82 stone steles commemorating royal court doctors who passed the royal examination throughout the 15th to 18th centuries were also recognised as national treasures. The steles, found at Hanoi's Temple of Literature, made it on to UNESCO's list of … [Read more...]

PM approves development programme for five advantaged sectors


Garment and textiles is among five advantaged sectors to benefit from the programme. NDO – Prime Minister Nguyen Tan Dung has approved a programme to develop and upgrade industry clusters and value chains for products with a competitive edge in five sectors: electronics and information technology; garment and textiles; food processing; agricultural machinery; and tourism and related services. By 2015, the programme targets to complete research and identification of potential regions and products with a competitive advantage, finalise industry cluster models to implement pilot development on the five sectors, and review development strategies for the sectors and economic regions to determine the orientation for attracting investment towards the goal of forming industry clusters. By 2020, the schedule aims to form five industry clusters to be piloted in identified potential regions; complete mechanisms and policies to attract investment; and strengthen businesses capacity, human … [Read more...]

Social News 11/1


Skyscraper project on Han River bank cancelled In an interview by Sai Gon Giai Phong Newspaper yesterday, Da Nang's Party Secretary Tran Tho said the project to build a skyscraper dubbed a "lighthouse" on the Han River in the central city will be cancelled. Mr. Tran Tho said that Da Nang city People’s Committee has just given approval to implement the project but not yet agree to carry out the project on the river. However, after receiving the objection from the public and architects, the city authority decided to cancel the project, he said. Mr. Tho said that he had requested the city’s government to look for a new place to build the skyscraper. After the city committee approved the project, many architects and municipal development experts raised their voice against the project. They said that project would damage landscape of river that has helped the city become one of the most beautiful cities in Vietnam In addition, the project’s investor- investment … [Read more...]

Efforts to be made for 25% of communes to meet new rural standards in 2015

Mr. Nguyen Manh Hien, Chairman of the provincial People's Committee, Head of the provincial Steering Board for New Rural Development, awards recognition certificates of the provincial People's Committee to the first 13 new rural communes of the province

The Hai Duong provincial People's Committee (PPC) on January 9 announced its decision to recognize 13 communes to meet new rural standards in 2014. Speaking there, Mr. Nguyen Manh Hien, PPC Chairman, Head of the provincial Steering Board for New Rural Development (NRD), praised the efforts of the communes completing NRD in 2014. To further efficiently implement the National Target Program of NRD, the PPC Chairman required the 13 communes to direct local economic development more proactively, creatively, and determinedly, pay attention to the people's lives, and actively multiply good models and practices in NRD for other localities to follow. Departments, boards, branches, and local authorities should continue to check and evaluate the maintenance of new rural criteria in the 13 communes. The communes having completed NRD should form centralized commodity production regions connected to each other and apply scientific and technical methods to increase the productivity and value … [Read more...]

Highlights of socio-economic events in Vietnam in 2014


VietNamNet Bridge - The search for flight MH370, China’s illegal deployment of its oil rig in Vietnam’s waters, the VN-Index’s record fall, the risk of loss of budget revenue owing to the fall of oil prices, and the rescue of 12 workers in a collapsed tunnel were some of the most eventful incidents of 2014.1. China’s infringement on Vietnam’s continental shelf On May 1, China moved its HD-981 oil rig deep into the continental shelf of Vietnam, pushing the relationship between Vietnam and China to its most intense peak of the last 20 years. For two and a half months, China mobilized 140 vessels, including military ships and fighter aircraft, to escort the oil rig. They used water cannons and big ships to crash into Vietnamese vessels on duty. On May 26, Chinese ships rammed Vietnamese fishing boats in the exclusive economic zone of Vietnam, hindering the rescue of 10 fishermen in the sea. Vietnamese people throughout the country took to the streets to … [Read more...]

Singapore’s education group to build 2 schools in Binh Dinh

Binh Dinh, January 9 (VNA) – Authorities of southern central Binh Dinh province has given KinderWorld, a Singaporean education group, the green light to build two educational facilities in Quy Nhon city. Accordingly, the Singapore-Vietnam International School (SVIS), a modern establishment that will run international-standard courses for learners from the 1 st -12 th grades, is to be constructed on a five-hectare area at An Phu Thi urban area. Meanwhile, the Outward Bound School, an outdoor adventure education model serving both Vietnamese and foreign youth, will cover 41.2 hectare of land at Tan Thanh tourism zone, in Cat Hai commune. At a meeting with KinderWorld’s Chairman Ricky Tan on January 8, Ho Quoc Dung, Chairman of the provincial People’s Committee, said he supports and believes in the promising future of the two schools, adding that the province will create favorable conditions to facilitate the education group’s project implementation. Since … [Read more...]

HCM City’s property market expected to grow in 2015


Illustrative image (Source: VNA) Ho Chi Minh City’s property market is predicted to experience significant growth in 2015 as the number of apartments for sale continues surging, especially within districts 2, 9, Binh Thanh, and Thu Duc, according to CBRE Vietnam. According to CBRE’s recent market research report from the last quarter of 2014, high-end property sales increased significantly in the reviewed period, especially among newly available projects. Marc Townsend, CBRE Chief executive officer, said many domestic investors are taking a renewed interest in real estate projects as a result of positive and promising market recovery signals. He revealed his firm intends to work with 12 leading experts in the field in Southwest Asia who have expressed interest in entering Vietnam’s property market. The country’s ongoing macroeconomic stability, improving purchasing-power and favourable changes in the Housing Law have contributed significantly to the … [Read more...]