Art & Entertainment News 18/4

Renowned Israeli DJs to enthrall HCMC audiences Well-known Israeli DJs Daniel Mariuma and MotiSaadia will entertain music-lovers in the ‘Israel Party’ in Ho Chi Minh City. The event will take place at Glow SkyBar in District 1 on April 18. Vietnamese audiences, particularly the young generations will have an opportunity to enjoy a music space similar to a club in Tel Aviv, and experience electric music. The two famous DJs performed in Hanoi on April 11 within the framework of Hanoi SoundStuff. They also ran a training workshop for young Vietnamese DJs on April 9. Expat artist exhibits lacquerware American expat artist Heather McClellan will present her Vietnamese-inspired lacquer artworks at the Flex exhibition, which opens in Ha Noi from today. A graduate of the Cleveland Institute of Art – one of the leading art and design schools in the United States – in graphics and illustration, McClellan has continuously explored new techniques and learned new … [Read more...]

Art & Entertainment News 17/4

Daytime Disco at Saigon Outcast Daytime Disco, an all-day event of music and games, will be held at Saigon Outcast on Saturday. There will be house music performed by DJs Jack Barry from South Africa, Joey T from the UK and Noches from Spain. Splash pools, water toys, and drink specials will also be on offer. Participants can bring their own stuff to blow bubbles, juggle balls, hoops to hula and water guns to spray. The event will be from 1pm to 11pm at 188/1 Nguyen Van Huong Street, District 2. Entrance costs VND80,000. Product fair to promote green living The first Saigon Green Fair promoting environmentally friendly products and services and a healthy lifestyle will be held at the Cafe d'Anver on Saturday and Sunday. The fair will showcase organic foods and beverages, organic body care and home care products, accessories, and arts and crafts. It will feature green travel, a creative corner for children, lucky gifts and a community corner. The event will take place from 9am … [Read more...]

Belgian Arte Media shows documentary Vietnam victory on April 30th

(Photo: VNA)

On April 14th, the Belgian Arte Media showed a documentary film on the Vietnam war which talks about the reunification of Vietnam following the liberation of the South, on April 30th, 1975. The film entitled "Vietnam, Dirty War" starts with the event of the secret negotiation at Choisy-le-Roi villa in Paris, France on February 21st, 1970. French President, Georges Pompidou agreed to hold a meeting between the special security adviser, Henry Kissinger of the Nixon administration and the special adviser, Le Duc Tho of the Democratic Republic of Vietnam, at the very time a ferocious attack was happening in Vietnam. It was one of the talks which culminated in the signing of the Paris agreement in January 1973 and brought national reunification two years later. 40 years later, the Arte Media spent the "Thema" column for this war. The second theme entitled "Vietnam war, the center of secret negotiations" focused on this historic meeting, even though many details still have not been … [Read more...]

Documentary spotlights Vietnam’s Victory on April 30th, 1975

Vietnamese revolutionary leader Le Duc Tho and Henry Kissinger, a national security adviser to US President Richard Nixon (Photo: CNN)

(VOVworld) – Vietnam’s reunification following the liberation of the South on April 30, 1975, was recounted to European audiences by a documentary film aired by French-German Arte TV on Tuesday. The film "Vietnam, Dirty War" begins with the secret negotiation in Choisy-le-Roi, a Paris suburb, on February 21st, 1970 between special envoys from Vietnam and the US. Borrowing from rare documents and archive footage, film-maker Daniel Roussel has brought these historic moments alive, highlighting the strained atmosphere surrounding the crucial discussions. The documentary aims to create a deeper understanding of the diplomatic efforts of Henry Kissinger, a national security adviser to US President Richard Nixon, and Le Duc Tho, a key leader of the Vietnamese revolution. The documentary film won an award at the Pessac Historical Film Festival. … [Read more...]

Documentary shines light on historic Paris Agreement talks

The reunification of Vietnam following the liberation of the South on April 30, 1975, has been recounted to European audiences after a documentary film was shown on Belgian Arte media on April 14. The film "Vietnam, Dirty War" begins with the secret negotiation in Paris, France on February 21 st , 1970 between special envoys from Vietnam and the US. It was these talks which culminated in the signing of the Paris agreement in January 1973 and brought national reunification two years later. Through access to rare documents and archive footage, film-maker Daniel Roussel has brought these historic moments alive, highlighting the strained but gentle atmosphere surrounding the crucial discussions. The documentary aims to create a deeper understanding about the diplomatic policy of Henry Kissinger, a national security adviser to US President Richard Nixon, and Le Duc Tho, a key leader of Vietnamese revolution. The documentary film won award in the Pessac Historical Film Festival.-VNA … [Read more...]

Military bank pledges low-cost loans to SMEs

Small- and medium-sized enterprises will have access to preferential loans from the Vietnam Military Joint Stock commercial Bank (MB) with a debt limit up to 20 trillion VND (920 million USD). The programme will include long-term loans in Vietnamese dong and USD and medium-term loans serving production and business activities, agricultural and rural projects and infrastructure development. The interest rate for loans will fluctuate between 6.9 to 9.5 percent per year. Recently, the Vietnam Bank for Industry and Trade (VietinBank) also committed to providing 2 trillion VND (92.6 million USD) in credit to a number of projects in the northwest, mostly in healthcare, education and security-defence. VietinBank General Director Le Duc Tho said the bank has allocated over 1 trillion VND (46.3 million USD) to the region so far, contributing remarkably to its socio-economic development. VietinBank is now one of the ten strongest banks in Vietnam . It has been listed among the world's … [Read more...]

Items displayed in celebration of Reunification Day

Semiconductor radio that General Van Tien Dung, Senior Lieutenant General Tran Van Tra, and comrades Le Duc Tho, Pham Hung and the Command of the Campaign used to listen to President Duong Van Minh of the Saigon Government declare surrender at 11:30 on April 30th 1975.

PANO - The Vietnam Military History Museum makes itself an attractive destination for tourists by well showcasing thousands of valuable items depicting the heroic history of Vietnam during the national safeguarding and construction cause. Coming to the museum these days, visitors will have chance studying themes on the Vietnamese people's national safeguarding and construction, and periods of the national resistance wars throughout the history of the country. Especially, the section featuring the historic Ho Chi Minh Campaign promises to be the highlight, which should capture the attention from people of all walks of life, both at home and overseas. The People’s Army Newspaper Online would like to present photos of the items displayed at the museum on this special occasion of the 40th anniversary of South Liberation and National Reunification. Translated by Huu Duong … [Read more...]

Social News 20/3

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Google gets its translate on in Vietnam After a successful 18 March launch in HCMC of the new Google Translate Community, the U.S. Embassy’s American Center in Hanoi, in cooperation with Google, will host "Love Your Language" translate-a-thon on March 21. At this event, Google invites Vietnamese to participate in this collaborative effort to improve the Vietnamese language on the web and help make useful information more accessible to users in Vietnam, and abroad. While Google Translate has been available in Vietnamese for some time, there is a lot that Vietnamese speakers can do to help improve the quality of Vietnamese translations online. Two go missing after boat capsizes in reservoir Two persons were missing after a boat capsized in a reservoir in the northern mountainous province of Ha Giang on Monday, authorities said. The two missing persons were identified as a couple from Xuan Hoa Village in Quang Binh District's Tien Nguyen Commune. The couple was travelling in … [Read more...]

Cervical cancer killing 9 Vietnamese women daily: Report

Medical staff is providing guidance on reproductive health to women in Hai Lang District, Quang Tri Province. One of the main reasons for the growing incidence of the cervical cancer in Vietam is a lack of regular health check-ups.

At a conference held in Hanoi today to raise awareness about cervical cancer, it was revealed that nine women are dying every day in Vietnam because of the disease. Reports at the conference, which was co-organised by the Institute for Reproductive and Family Health and the Australian Cervical Cancer Foundation, also revealed that 20 out of every 100,000 Vietnamese women have the disease, and 11 of them could end up dying. One of the main reasons for the growing incidence of the disease is a lack of regular health check-ups. Besides, women living in remote areas tend to ignore the importance of this matter and do not even get vaccinated against the disease, which is largely lacking across Vietnam. "Cervical cancer is a disease that has stolen the lives of many Vietnamese women," said Nguyen Viet Tien, Deputy Minister of Health. Le Duc Tho, a doctor working at the German Agency for International Co-operation, said the agency has been implementing a programme on fostering local … [Read more...]

Taxi cab robberies become violent

Ha Noi Police have issued a warning to taxi drivers about a spate of violent robberies – File photo (Illustrative image)

VietNamNet Bridge – Ha Noi Police have issued a warning to taxi drivers about a spate of violent robberies in the first two months of this year. According to Lieutenant Colonel Nguyen Minh Quang from Ha Noi's Criminal Police, most of the thieves were young drug-addicts. He noted that they had become more and more reckless. While the cash and goods stolen did not amount to much, the aggressiveness involved worried taxi companies and drivers. Quang said the robbers usually hired taxi cabs at night and asked drivers to take them to deserted places, where they suddenly attack the driver. On the night of January 20, taxi driver Cao Xuan Huynh, who parked in My Dinh resident area, was asked by a youth to drive him to Le Duc Tho Street. After getting on board, the passenger kept asking him to turn into small, dark lanes. When they went down one alley, the passenger attacked the driver with a knife and demanded cash. The driver escaped and asked passersby for help. In the first … [Read more...]

Opportunities from Loosening Credit Packages

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For the plan of 2015, the Vietnam State Bank is building the credit growth target of the system 15-17 percent, an increase of 2-3 percent compared to 2014. The loosening of credit packages will enable banks and enterprises to supply and receive more funds. In early 2014, many banks, and the whole banking system had negative credit growth. It may not constitute a rule, but the case of 2014 is expected not to happen in 2015. A race for credit growth since the beginning of the year The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is one of many banks with a significantly increasing credit in 2014 and in the two first months of 2015, the bank has a credit growth of 5 percent. According to Nghiem Xuan Thanh, Chairman of Vietcombank, the credit growth has reached one third of the year. In 2015, the credit growth of Vietcombank is projected to be about 18 percent. Like Vietcombank, the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has a … [Read more...]

Banks consider taking part in proposed credit program to save property market

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VietNamNet Bridge – Some big banks said they would take part in a VND50 trillion credit program initiated by the State Bank to warm up the property market, which has not improved over the last few years despite government bailouts. Deputy Minister of Construction Nguyen Tran Nam said the State Bank of Vietnam (SBV) is considering launching a credit program to help stimulate the real estate market. At least VND50 trillion would be disbursed over 10 years at an interest rate of 7 percent in the first year to help develop the commercial housing market. Some analysts, however, said they doubt that commercial banks could arrange a huge amount of capital to provide for such a long period. Banks currently provide preferential loans under specific credit programs at preferential interest rates of 7-9 percent, but the fixed interest rates are applied for the first two years only. The interest rates for the following years are later determined based on market demand. An analyst … [Read more...]

SBV to boost Vietinbank, Vietcombank

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The State Bank of Viet Nam (SBV) wants Vietinbank and Vietcombank to become the leading banks of Viet Nam, and boost their scale at the regional level. SBV Governor Nguyen Van Binh made the announcement at a Vietinbank meeting on January 23, adding that this is part of a restructuring scheme for the domestic banking system. "This is a difficult task," he told the local press. Binh said the central bank needs Vietinbank to actively take part in the general process of handling weak lenders, by providing assistance related to human resources, management experience and prestige. He specified that the industry and trade bank can combine efforts by merging with a smaller bank, and any merger will not financially hurt it, but will promptly help it expand its network. The governor had expressed a similar viewpoint during a Vietcombank meeting a week earlier, when he confirmed that the foreign trade lender was set to merge with Saigonbank as part of a systematic reform … [Read more...]

“Signing quickly”- that’s how reporter Mai Thuc Long worked

Reporter Mai Thuc Long, former Deputy General Director of VOV

(VOVworld)- Respecting the truth and expressing your true sentiments is the way reporter Mai Thuc Long, whose nickname is Hoang Phuong, wrote his stories. In late July 1987, after graduating from the Nguyen Ai Quoc School of Politics, I returned to work at the radio station. I wanted to come back to the Industry Section but Pham Mai Luan, Deputy Editor in Chief and Head of the Domestic Service said: "No, no. We sent you to study at the Senior Party School in order to assign you a new task. You can choose to work in one of the three Departments: Organization, Office or the Listeners' Department". I insisted that I wanted to be a reporter. Luan then said: "OK, then why don't you come talk to Mr. Long "Fire" after the regular meeting tomorrow" I knew Mr. Mai Thuc Long by name and by face but this was the first time I had heard his nickname "Long Fire". Mr. Long "fire" worked in a tiny room at the end of the second floor which could accommodate a few people and was piled high with … [Read more...]

VietinBank gets nod to form bank in Laos

A customer transacts at VietinBank’s branch in Laos - PHOTO: VIETINBANK

Kim Ngan According to SBV’s Document No. 216/NHNN-TTGSNH, VietinBank will have to inaugurate VietinBank Lao Limited within 24 months after the date of approval. This incorporation is based on VietinBank’s current branch in the neighboring country. The branch has been faring well since its establishment in 2013. The branch now provides money transfer, lending, loan guarantee and card services, among others. Its assets grew 43.29% last year compared to the year earlier and profit doubled. Le Duc Tho, general director of VietinBank, said in addition to supporting businesses, the branch has contributed much to enhancing economic cooperation between the two countries. Establishing a subsidiary in Laos is part of VietinBank’s strategy to branch out to potential growth markets. The local bank has two branches in Germany as well. … [Read more...]

Vietinbank to list SBV shares on HCM City stock exchange

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The Viet Nam Bank for Industry and Trade (VietinBank) will list all shares owned by the State Bank of Viet Nam (SBV) on the HCM City Stock Exchange soon. VietinBank General Director Le Duc Tho announced the plan in an online statement on Tuesday. He notified the State Securities Commission and the exchange in dispatches sent on the same day, after the SBV gave its nod for the listing last December. According to the local press, VietinBank has a charter capital of about VND37.23 trillion (US$1.77 billion), the combined value of the 3.72 billion shares that are in circulation. The SBV holds 64.46 per cent of the equity, or 2.4 billion shares, while the remainder is owned by other shareholders and already listed on the HCM City exchange. Market observers said that with the additional listing, VietinBank shares will be the sixth most influential shares on Viet Nam's benchmark VN-Index, after the shares of PVGas, Vinamilk, Vietcombank and Vingroup, as well as Masan Group. With … [Read more...]

Exchange rate adjustment helps businesses operate proactively

Exchanging foreign currency. (Photo for illustration)

The State Bank of Vietnam’s recent increase of the inter-bank average exchange rate by one percent is seen as a positive move to help import and export businesses take strong initiative at the outset of 2015. Deputy Governor of the central bank Nguyen Thi Hong said the move is intended to position the market ahead of recent developments in domestic and international financial markets, adding that the SBV will continue to enact measures and policy instruments in order to stabilize the exchange rate and foreign currency market on this new rate platform. The adjustment will be especially beneficial for the export sector, since Vietnam remains highly dependent on exported goods, noted Can Van Luc, a banking-finance expert. Meanwhile, Deputy Director of the Bank for Foreign Trade of Vietnam (Vietcombank) Pham Thanh Ha said the exchange rate adjustment was timed to indirectly increase the foreign currency supply and the foreign direct investment (FDI) disbursement. The early … [Read more...]

SBV adjusts USD exchange rate

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(VOVworld) – The Vietnamese central bank announced Tuesday that it will increase the interbank exchange rate between the Vietnamese dong (VND) and the US dollar (USD) 1% on Wednesday. The State Bank of Vietnam said on its website that the interbank average exchange rate will increase from 21, 246 VND/USD to 21,458 VND/USD. Vietinbank General Director Le Duc Tho hailed the adjustment, saying it will create trust for the market and is an important factor in making Vietnam’s monetary development more transparent and sustainable. State Bank of Vietnam Deputy Governor Nguyen Thi Hong told VOV: "The adjustment is implemented to realize a recent government resolution on tasks and solutions to fulfill the country's socio- economic development plan and budget estimate for 2015. The state bank is responsible for actively managing monetary policy to control inflation, secure macro-economic stability, and boost economic growth." Ms. Hong said the State Bank of Vietnam will closely … [Read more...]

State changes state-owned banks’ leadership

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VietNamNet Bridge – New faces have appeared holding the key positions at state-owned banks and at banks in which the State holds a controlling stake. The recent big changes in state-owned banks’ key personnel occurred concurrently. On December 5, 2014, Governor of the State Bank of Vietnam released the decision that Nghiem Xuan Thanh, chair of Vietcombank’s Board of Directors, will represent 40 percent of the state’s capital in Vietcombank, while Pham Quang Dung, member of the board, CEO of Vietcombank, will represent 30 percent of the state’s capital. The decision was the final step in the central bank’s program on renovating the leadership of the bank. Under the program, Thanh in early November was appointed as the chair of the board of directors in 2013-2018 to replace Nguyen Hoa Binh, who retired, and Dung was put in the position of CEO, which was formerly Thanh’s. VietinBank also released many decisions related to the changes in … [Read more...]

Remittance ‘grey market’ thrives towards year-end

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VietNamNet Bridge – Remittances are pouring into Vietnam towards the year’s end, but most of this money is bypassing the official banking sector. Agents including gold shops and foreign exchange counters, which are not allowed to trade foreign currencies, are some of the most popular routes for money to pour into the country. There are also illegal groups which transfer remittances from South Korea, Japan or the US to Vietnam by air. Earlier this year, the Japanese police arrested Tran Xuan Chin for money laundering. Chin was suspected to have transferred more than 500 million yen ($4.2 million) into Vietnam. In June 2014, the Binh Minh gold shop in Ho Chi Minh City was also fined $1,400 for illegal foreign exchange trading. According to Decree 202/2004/ND-CP, organisations that trade remittances illegally can be fined from $2,100 to $3,200. Nguyen Hoang Minh, deputy CEO of the Ho Chi Minh City branch of the State Bank of Vietnam, says that very few gold jewellery … [Read more...]