Vietnam posts 1.36 billion USD trade surplus in Q1

Illustrative image - Source: VNA

Vietnam registered a trade surplus of 1.36 billion USD in the first quarter of 2016, Ha Noi Moi (New Hanoi) newspaper reported. According to General Department of Vietnam Customs statistics total import-export turnover of the country in Q1 reached 76.17 billion USD, a year-on-year increase of 1.1 percent (817 million USD). Exports for the first three months rose 6.6 percent to 38.77 billion USD while imports declined 4 percent to 37.4 billion USD. The department highlighted some major exports during the period, including mobile phones and components being up 24.2 percent to 8.27 billion USD, textiles and garments up 6.5 percent to 5.12 billion, computers, electronic products and accessories up 4.9 percent to 3.73 billion and footwear up 9.6 percent to nearly 2.8 billion USD. Seafood, rice, fruit and vegetable exports also rose. The US remained Vietnam’s largest export market, valued at 7.9 billion USD, an increase of 11.1 percent. Vietnam’s exports to ASEAN and Japan … [Read more...]

Vietnam posts 1.36 billion USD trade surplus in the first quarter

Exports of mobile phones and components rising up 24.2 percent to 8.27 billion USD. Source: thongtincongnghe.com

Vietnam registered a trade surplus of 1.36 billion USD in the first quarter of 2016, Ha Noi Moi (New Hanoi) newspaper reported. According to General Department of Vietnam Customs statistics total import-export turnover of the country in Q1 reached 76.17 billion USD, a year-on –year increase of 1.1 percent (817 million USD). Exports for the first three months rose 6.6 percent to 38.77 billion USD while imports declined 4 percent to 37.4 billion USD. The department highlighted some major exports during the period, including mobile phones and components being up 24.2 percent to 8.27 billion USD, textiles and garments up 6.5 percent to 5.12 billion, computers, electronic products and accessories up 4.9 percent to 3.73 billion and footwear up 9.6 percent to nearly 2.8 billion USD. Seafood, rice, fruit and vegetable exports also rose. The US remained Vietnam’s largest export market, valued at 7.9 billion USD, an increase of 11.1 percent. Vietnam’s exports to ASEAN … [Read more...]

Vietnam posts $1.36 billion trade surplus in Q1

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Vietnam registered a trade surplus of 1.36 billion USD in the first quarter of 2016, Ha Noi Moi (New Hanoi) newspaper reported. According to General Department of Vietnam Customs statistics total import-export turnover of the country in Q1 reached 76.17 billion USD, a year-on-year increase of 1.1 percent (817 million USD). Exports for the first three months rose 6.6 percent to 38.77 billion USD while imports declined 4 percent to 37.4 billion USD. The department highlighted some major exports during the period, including mobile phones and components being up 24.2 percent to 8.27 billion USD, textiles and garments up 6.5 percent to 5.12 billion, computers, electronic products and accessories up 4.9 percent to 3.73 billion and footwear up 9.6 percent to nearly 2.8 billion USD. Seafood, rice, fruit and vegetable exports also rose. The US remained Vietnam’s largest export market, valued at 7.9 billion USD, an increase of 11.1 percent. Vietnam’s exports to ASEAN … [Read more...]

Traditional festivals listed national intangible cultural heritage

The Hat Mon festival at the Hat Mon Temple in Hat Mon commune, Phuc Tho suburban district commemorates the contributions to the nation by the two national heroines, known as the Trung sisters. (Source: VNA)

VietNamNet Bridge – Festivals at the Va temple and Hat Mon temple in the capital city of Hanoi have been named as part of the country’s intangible cultural heritage, Ha Noi Moi newspaper reports. The Va festival is organised in autumn and spring every year at the Va temple in Trung Hung commune, Son Tay suburban district. It honours the god of Tan Vien Mountain known as Son Tinh, who is respected as one of the immortals in Vietnam’s folk tale. The Hat Mon festival at the Hat Mon Temple in Hat Mon commune, Phuc Tho suburban district commemorates the contributions to the nation by the two national heroines, known as the Trung sisters. The two sisters, Trung Trac and Trung Nhi, led their troops on elephant back to repel Chinese invaders for three years. The victory brought the liberation for Dai Viet (an old name for Vietnam) after 247 years of Chinese domination. Besides the two festivals, an additional 13 heritages were also listed as National Intangible Cultural … [Read more...]

Vietjet to launch Ha Noi-Chinese Taipei route

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Low-cost carrier Vietjet Air will introduce a new flight route from Ha Noi to Taipei, Taiwan (China) starting February 1, reported Ha Noi Moi newspaper. Illustration photo. (Photo: VNA) The flight will take 2 hours and 40 minutes, and will operate every Monday, Wednesday and Thursday. The flight will depart from Hanoi at 3:10 p.m. and arrive at Taipei at 6:50 p.m. (local time). The return flight will depart at 7:50 p.m. and arrive in Hanoi at 9:30 p.m (local time). Vietjet currently offers daily service between Ho Chi Minh City and Taipei. The air carrier now operates nearly 200 flights a day on 44 domestic and international routes, including to Singapore, the Republic of Korea, China, Thailand, and Myanmar. … [Read more...]

Vietnam may see record number of M&A deals in 2016

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VietNamNet Bridge - Foreign investors’ high interest in the consumer goods sector which has been growing very rapidly in recent years is believed to help boost merger & acquisitions (M&A), according to VnExpress. The number of reported M&A deals in 2015 was 40 percent higher than in 2014 with total value of $4.3 billion, and higher than 2012 when the value reached a record high of $4.2 billion, according to IMAA, a research institute of M&A. Nguoi Dong Hanh quoted an analyst as commenting that 2015 was in the middle stage of the second M&A wave in 2014-2018. The figure is expected to be even higher in 2016, when free trade agreements (FTAs) take effect and the government removes barriers to investments, according to Baker & McKenzie and Duane Morris. Baker & McKenzie’s Fred Burke said on Bloomberg that it was getting easier to do M&A in Vietnam and under such conditions, the M&A market would become busier. The number of reported … [Read more...]

Vietjet to launch Hanoi-Chinese Taipei route

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Low-cost carrier Vietjet Air will introduce a new flight route from Hanoi to Taipei, Taiwan (China) starting February 1, reported Ha Noi Moi newspaper. The flight will take 2 hours and 40 minutes, and will operate every Monday, Wednesday and Thursday. The flight will depart from Hanoi at 3:10 p.m. and arrive at Taipei at 6:50 p.m. (local time). The return flight will depart at 7:50 p.m. and arrive in Hanoi at 9:30 p.m (local time). Vietjet currently offers daily service between Ho Chi Minh City and Taipei. The air carrier now operates nearly 200 flights a day on 44 domestic and international routes, including to Singapore, the Republic of Korea, China, Thailand, and Myanmar. … [Read more...]

Firms must help law enforcement

In 2015, inspectors from the Ministry of Science and Technology conducted 54 inspections on industrial property rights nation-wide. They detected 40 enterprises having violated patents, trade marks and brand names. They issued fines worth more than VND1.6 billion ($71,000). Le Ngoc Lam, deputy director of the Intellectual Property Rights department, under the Ministry of Science and Technology, spoke to the newspaper Ha Noi Moi (New Ha Noi) about enterprises' role in enforcing the Law. Do you think the Law on Intellectual Property Rights has been upheld in Viet Nam? I'm sorry to say that the implementation of the Law on Intellectual Property Rights in our country has not been up to scratch. There are various reasons that led to this. For example when enterprise owners detected that their intellectual property rights had been infringed upon, they simply reported the violations to functional agencies. They, themselves, seldom conducted research to gather information or evidence to … [Read more...]

Ha Noi concert to feature Duong Thu’s winter songs

HA NOI (VNS) — A concert featuring songs by famous Vietnamese composer Duong Thu is scheduled to take place at the Ha Noi Opera House on December 13. Entitled Bai Hat Ru Mua Dong (Winter Lullaby), the show will feature 20 popular songs about memories of winter. Well-known singers and artists such as My Linh, Bang Kieu and Nguyen Thao, and newcomers such as Khanh Linh, Nhat Thuy, Ha Linh and Tran Nguyen Minh Duc will perform at the concert. The show is part of the series initiated by Duong Thu, entitled Music Window. Two concerts – entitled My Narratives and I Dreamed a Dream – were held as part of the series in the previous years. This concert would focus more on art, Thu told Ha Noi Moi (New Ha Noi) online newspaper. The audience would not see any "imposing" light and sound effects, but would be inspired by a profound light and music show, he said. Thu, Pho Duc Phuong, Nguyen Cuong and Tran Tien are regarded as four songwriters who have made the greatest … [Read more...]

Hoa Lac’s high-tech park has 69 projects with 10,000 employees

Pham Dai Duong, Deputy Minister of Science and Technology spoke to the newspaper Ha Noi Moi (New Ha Noi) about the Hoa Lac Hi-tech Park's urgent need to move to the second phase of the project. The Hoa Lac Hi-tech Development Project was founded in 1998, but recently, a special mechanism for the park has been mentioned, why? By now all required legal documents for the Hoa Lac Hi-tech park have been completed, the Ministry of Science and Technology, the project power, thinks it is time to review the park's construction and development. We hoped through the review, we would be able to find out what were the missing parts of the jigsaw and then work out plans for the future. So what are the main ideas contained in the special mechanism draft that the park would enjoy? There are three main ideas. Firstly, the draft covers contents relating to capital resources for the park's construction and development; responsibility of each concerned ministry and sector during the development … [Read more...]

Dat wins Ha Noi Moi Open tennis event

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HA NOI (VNS) — The fourth Ha Noi Moi Newspaper Table Tennis Open closed yesterday after four days of competitions in the capital city. In the most important event of the men's professional singles, national silver medallist Le Tien Dat of Ba Dinh beat Nguyen Anh Tu of Ha Noi 11-2, 14-12, 11-5, 13-11 to take the gold medal. Earlier, the organisers awarded 11 sets of medals to athletes who take part in amateur disciplines for both men and women. Nearly 300 competitors from 50 delegations took part in the annual tournament from November 19-22 at the Trinh Hoai Duc Gymnasium. — VNS … [Read more...]

Raise wages to raise productivity

Vu Quang Tho, director of the Institute of Workers and Trade Unions spoke to Ha Noi Moi (New Ha Noi) newspaper about the need to increase salaries for wage earners. As a researcher on labour and wages, what are your comments on the actual living conditions of Vietnamese workers at present? A recent survey conducted by the Institute for Workers and Trade Unions showed that the majority of the nearly ten million Vietnamese workers' were facing great difficulties in their daily lives, including accommodation, food, schooling for their children and health care as well as spiritual life. Most of them have to seek outside jobs to earn extra money to cover their families' expenses. As a result, their labour capacity has been severely eroded. Vietnamese workers' current wage can cover about 70 per cent of their minimum living conditions. With the present wage system, the workers could barely exist. They don't have extra energy to work or to create. What has happened in Viet Nam, I could … [Read more...]

Hanoi hosts final round of 42nd Ha Noi Moi run tournament

Vice Chairman of Hanoi People's Committee Le Hong Son makes a speech at the event.

The Hanoitimes - The final round of the 42nd Ha Noi Moi run tournament, hosted by the Ha Noi Moi daily, was held at Hoan Kiem lake in Hanoi on October 4. Vice Chairman of Hanoi People's Committee Le Hong Son attended the opening ceremony. This popular race for amateur athletes drew more than 1,330 runners, including over 300 foreigners. The foreign competitors were staff members of 20 embassies and international organisations based in Hanoi. Since its launch, this year’s run attracted more than 30,000 people in the qualifying rounds, making it the largest such event so far. Speaking at the event, Vice Chairman Le Hong Son said the annual event aims to celebrate the 61st anniversary of Hanoi’s Liberation Day (October 10) and the 16th anniversary of the capital being recognised as a UNESCO City for Peace. The tourney not only helped discover new talented athletes but also contributed to the city’s friendly images in foreign eyes, Son stressed. The Vice … [Read more...]

Knight wins Ha Noi Moi run around heart of the city

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HA NOI (VNS) — Graham Knight of the UK Embassy won the men's event for foreigners at the 42nd annual Ha Noi Moi Run at Sword Lake in Ha Noi yesterday. On the women's side, Anni Carson of UNIS took the title. In the men's team event, Thanh Hoa triumphed followed by the Border Soldiers and the hosts Ha Noi. The women's Border Soldiers outdid their male compatriots to take the title, followed by the Ministry of Public Security and Ha Noi. The event attracted more than 1,500 runners, including nearly 350 foreigners and 200 professional Vietnamese runners. The event was held to celebrate the 70th anniversary of the August Revolution and National Day, and the 61st anniversary of Capital Liberation Day. — VNS … [Read more...]

Hanoi race for amateur runners crosses finishing line

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The foreign competitors were staff members of 20 embassies and international organisations based in Hanoi. The final round of the 42nd Ha Noi Moi run tournament, a popular race for amateur athletes, took place in the capital city on October 4, drawing more than 1,330 runners, including over 300 foreigners. The annual event aimed to celebrate the 61st anniversary of Hanoi’s Liberation Day (October 10) and the 16th anniversary of the capital being recognised as a UNESCO City for Peace. It included races for male and female runners from universities and colleges, high schools and provinces along with events for foreign men and women. The tourney, hosted by the Ha Noi Moi daily, not only helped discover new talented athletes but also contributed to the city’s friendly images in foreign eyes, said Vice Chairman of the municipal People’s Committee Le Hong Son. Eva Nguyen Binh, Counsellor for Cooperation and Cultural Affairs at the French Embassy, said the … [Read more...]

1,500 to participate in Ha Noi Moi run

The 42nd annual Ha Noi Moi Run Tournament will attract about 1,500 participants. — Photo hanoimoi.com.vn

About 1,500 people will take part in the final round of the 42nd annual Ha Noi Moi Run Tournament on October 4 at Ha Noi's Sword Lake. The participants will come from 82 teams nationwide, including nearly 350 foreigners and 200 professional Vietnamese runners. The event aims to celebrate the 61st anniversary of Ha Noi's Liberation Day (October 10) and the 16th anniversary of Ha Noi being recognised as a UNESCO City for Peace. Since its launch, the tournament has drawn the participation of more than 30,000 people in the qualifying rounds, making it the largest such event so far. … [Read more...]

Activities to celebrate Ha Noi’s Liberation Day

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A wide range of cultural and art activities will be held to celebrate the 61st anniversary of the capital’s Liberation Day (October 10, 1954-2015). At the Thang Long royal citadel, a book festival themed "Books and Heritage" is taking place from September 29 - October 5 while the Monsoon Music Festival 2015 will be held from October 8-10. Meanwhile, a festival dedicated to traditional craft villages will be organised on October 7-11 at the Quan Ngua Sports Palace. On October 4, people will face in the 42nd annual Open Ha Noi Moi Run Tournament around Hoan Kiem Lake. On the nights of October 9 and 10, art performances will be organised at the Ly Thai To Park and in front of My Dinh National Stadium. Various public cultural and art activities will also be held citywide to highlight the capital’s traditions and achievements in recent years. … [Read more...]

Street food safety sees marked improvement

HA NOI (VNS) — Efforts to improve the food service quality in Ha Noi have spurred positive change, according to a recent review of a pilot programme that was implemented two years ago to encourage more hygienic street food options in 29 districts and towns. The initiative, launched by the municipal health department, will provide additional training to vendors to teach them about food safety and hygiene regulations. If their food stalls comply with the regulations, they will be granted food safety certificates. A series of fast food carts and shops have been set up along the participating streets over the past two years. Quan Thanh Street, Ba Dinh District, was chosen to participate in the pilot programme. The food vendors were given disposable gloves and medical checks-up. The local authorities have also opened training courses to raise awareness among vendors, consumers and food management officers on food safety and hygiene. The awareness campaign has included direct … [Read more...]

Japanese love colours to be screened in Vietnam

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The 2015 Japan Film Festival, themed the colours of love, is scheduled to run in Vietnam from October 9 – November 14, reported the Ha Noi Moi newspaper. Romantic films on family and school are expected to dominate big screens in Hanoi, central Da Nang city and Ho Chi Minh City. Ho Chi Minh City’s movie lovers are first to enjoy the festival from October 9-17, ahead of Da Nang’s audience who can immerse themselves in Japan’s culture through motion pictures from October 23 -25. Hanoi is last to catch the wave in early November from the 6-11. Source: VNA … [Read more...]

Climate change may be alarming

Nguyen Van Tue, head of the Hydrometeorology and Climate Change Department under the Ministry of Natural Resources and Environment, spoke with Ha Noi Moi (New Ha Noi) newspaper about the effects of climate change in Viet Nam. Climate change is a big challenge and cause severe natural disasters for many countries, including Viet Nam. Is this true? Yes. Climate change causes global warming, leading to changes in rainfall, melting ice and rising sea levels worldwide. Observations show that in the past century, the average global temperature has increased by about 0.74 degrees Celsius, while in the last 50 years, the growth rate of temperatures nearly doubled compared to the past 50 years. The year 2010 was the hottest year in history. Global warming lowers the amount of ice in both hemispheres, including in the Arctic Ocean, where the amount of ice has decreased by between 2.1 to 3.3 per cent per decade. This is the reason why the average sea level rises 1.8mm per year. The effect … [Read more...]