EVENTS SCHEDULED FOR OCTOBER 20-31 (daily updated)

Subscription Concert Vol.74 "Rheinische" 30 and 31 Oct 2014, 8 pm Hanoi Opera House 1 Tràng Tiền, Hà Nội You are invited to a subscription concert Vol.74 "Rheinische" with the performance of: Conductor: Olivier Leo Schmidt Piano Soloist: Dao Trong Tuyen And the Vietnam National Symphony Orchestra Program Suite for Symphonic Orchestra World Premiere Eight Symphonic pieces from Vietnamese folk song Piano Concerto a-minor Op.54 Vietnam Premiere Symphony No.3 Eb major Op.97 "Rhenish" … [Read more...]

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Sole plaintiff against 35 US firms: ‘I sue for millions of my people’

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As the only individual in a lawsuit against 35 U.S. chemical companies, Tran To Nga, a French woman of Vietnamese origin, has recently become a target of the media. … [Read more...]

Social Headlines January 9

More than 8,000 outpatients diagnosed with mental illness in the central province of Nghe An have been left to fend for themselves due to a shortage in State funding forprescription medication.

Urbanisation rate reaches 33.4 percent in 2013 The rate of urbanisation in Vietnam reached 33.4 percent in 2013, up one percent from the previous year, according to the Ministry of Construction. Last year, the number of people living in urban areas increased by 1.3 million, however, the distribution was not balanced with high concentrations in major metropolitan areas. Sixteen large urban centres in Vietnam account for about 50 percent of urbanites, putting pressure on housing, employment, … [Read more...]

Construction accidents occur despite safety regulations

Van Nam and Dinh Dung The clearest and most recent proof is the accident last Saturday when a crane carrying 35 tons of steel at the construction site of Bitexco's The One project in HCMC downtown suddenly fell down and damaged the fence and several artworks of nearby HCMC Fine Arts Museum. Hoang Quang Nhu, deputy head of the Ministry of Construction's Construction Activities Management Agency, told the Daily that safety in construction activities were controlled by the Construction Law. The … [Read more...]

BUSINESS IN BRIEF 17/6

VAMC splits banks' positions Banks are coming out of the closet to reveal different Vietnam Asset Management Company feelings. The Vietnam Asset Management Company (VAMC) could radically attack banks' bad debts (NPLs). However, a number of banks are sitting on the fence as when selling bad debts to VAMC to get special bonds in return, each year they need to make provision at least equal to 20 per cent of the bond value. Banks argued that under current regulations they must make provisions … [Read more...]

D1’s The One to connect with metro station

Van Nam This is the second commercial building in the city to obtain a license to build the tunnel. The first tunnel of this kind will link the Vincom Center A with the Opera House station. Bitexco Group broke ground for The One building in April, 2012 with invested capital of nearly US$500 million. The project is expected to be completed in 2015, having two towers of 55 and 48 stories overlooking the landmark Ben Thanh Market and surrounded by Calmette, Le Thi Hong Gam, Pho Duc Chinh and … [Read more...]

How the poor celebrate Tet

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The needy families who have lived in cramped neighborhoods in downtown District 1 for several years can hardly afford good food, let alone decorations, for their Tet holidays. Poor peddlers "We can only afford 10 kg of rice and 2 kg of meat with some vegetables, at most, in good years," said 53-year-old Nguyen Thi Nga, who lives in the attic of a house on Pho Duc Chinh street. Nga confided that, though she is heavily in debt this year, she will try to afford a pot of thit kho (pork … [Read more...]

Downtown blaze burns colonial era houses

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A fire in downtown Ho Chi Minh City on Wednesday night burned down nearly ten old houses built during the French colonial period more than a hundred years ago. The fire in Ho Chi Minh City on Wednesday night … [Read more...]

New bus service for District 1 in HCMC

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On the morning of September 17, the Ho Chi Minh City Department of Transport launched a new bus service for District 1 in Ho Chi Minh City- -bus number 35. This is a subsidized bus service that will pass through the City Center covering administrative offices, schools and commercial centers. In all, the route will cover a distance of 11.35 kms. Cap: The new bus service has comfortable seating and courteous staff (Photo: Kim Ngan SGGP) In the first leg of the route the bus service will cover … [Read more...]

Work starts on twin skyscrapers

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HCM CITY — The Bitexco Group yesterday broke ground for twin skyscrapers, The One HCM City, in District 1 in downtown HCM City. A model of the twin towers that will be erected in HCM City's District 1. The project is being financed by the Bitexco Group. — VNA/VNS Photo Hoang Hai The US$500 million buildings, one of 55 storeys and the other of 48, will be connected. It is bounded by four major thoroughfares, Le Thi Hong Gam, Calmette, Pham Ngu Lao, and Pho Duc Chinh. Once completed in … [Read more...]

Bitexco starts work on new skyscraper on Friday

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Vingroup looks for office lessees at Vincom Center A An artist's impression of The One Ho Chi Minh City twin-tower project in downtown HCMC - Photo: Courtesy of Bitexco … [Read more...]

BUSINESS IN BRIEF 22/2

Online trading scams rampant Many fraudulent traders have managed to steal money from consumers via online trading activities by using simple tricks, while the legal regulation concerning this issue still remains incomplete. Duong Thi Ngoc Giau, residing in the Mekong Delta province of An Giang, said earlier this year she fell into the trap of a fraud on the www.didongsaigon.net website. The website advertised that many cell phones were discounted 50-percent, so she chose to buy a Nokia … [Read more...]

Condo projects in HCMC prime locations restart

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After a long hibernation, work on many apartment projects in the golden land plots in downtown Ho Chi Minh City has recently restarted at a time when the real estate market still remains frozen. One of the latest players is the Saigon Centre project, which entered its second stage of construction last December. The project, located in one of the most prime positions of the city center with three sides facing Nam Ky Khoi Nghia, Le Loi, and Pasteur streets, is invested by Keppel Land Watco … [Read more...]

BUSINESS IN BRIEF 3/2

Dung Quat IZ attracts US$8 billion investment As of early 2012, the Dung Quat Industrial Zone (IZ) has granted licences to 111 projects with total registered capital of US$8 billion, of which US$4.8 billion has been disbursed. To date, 67 projects have been put into operation, with 31 operating effectively, including a Vietnam National Oil and Gas Group oil refinery project, a Dung Quat shipbuilding project and a Doosan Heavy Industries Vietnam (Doosan Vina) project. Nguyen Hoai Giang, … [Read more...]

New skyscraper to get rising by April

Bitexco Group prepares to kick off the construction of a 55-storey building in downtown HCMC by this April. The Ben Thanh Towers project will be developed on 8,600 square meters in HCMC's District 1 with investment capital of some US$400 million and bordered by four streets of Calmette, Le Thi Hong Gam, Pho Duc Chinh and Pham Ngu Lao. The high-rise structure will provide around 138,000 square meters of floor area, including serviced apartments, offices for lease and shopping malls when it is … [Read more...]

HCMC to build a twin tower

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A representative of Bitexco Corporation, a high-profile domestic property and construction group, has revealed that it will start building a structure, "Ben Thanh Twin Tower", on an area of 8,600 square meters in HCMC, in the first quarter of 2012. The structure, including two towers on the same foundation, will have three garages and one commercial centre. The 55-floor West Tower will be for offices and hotels while the 48-storey East Tower for apartments, a mall, sporting areas, and … [Read more...]

Demand for high-rises causes congestion

To curb traffic problems, HCM City authorities have taken several measures, including suspending licences for projects to build apartment buildings in the city's downtown area. However, several other building projects, which were recently licensed as "serviced apartments" with house leasing contracts lasting up to 50 years, have continued to exert transportation pressure on the city's inner districts. The city downtown area now has dozens of high-rise building projects, currently operational … [Read more...]

Hope for leased condos market

Amid the hibernation of the real estate market, many enterprises cannot sell their condos to customers and have to lower prices to stimulate buying power. Thus, most investors are seeking ways to lease unsold flats as a temporary solution to current difficulties. Delegates at a seminar on serviced condo investment in HCMC last week said serviced apartments still enjoy a stable market despite the slow transaction of condos for sale. However, they also pointed out challenges for businesses in … [Read more...]

Teachers found unable to use teaching aids, students cannot read maps

Students of Le Hong Phong High School for the Gifted in HCM City do experiments

Twenty percent of teachers do not master the skills for using teaching aids, 44 percent cannot use microscopes, while only 49 percent of students can do experiments in groups sometimes. A lot of students cannot understand maps and diagrams. "The methods and the skills of using teaching aids of teachers still cannot meet the requirements of the renovated education programme at the secondary education level," said Associate Professor Dr Vu Trong Ry from the Vietnam Institute for Education. Ry … [Read more...]

High-rise buildings ruin HCM city’s environment

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The number of skyscraper projects in downtown HCMC is on the uptrend and the public is afraid the overwhelming presence of these structures will badly effect the city's environment. According to statistics from property firms, dozens of high-rise office buildings, shopping centers and hotels will be built on a number of main streets in the city center. … [Read more...]