First company offers apartments for sale to foreigners

Novaland Group launched a programme called "the 100 first apartments for Vietnamese overseas and foreigners" on July 1, the day the revised Law on Housing takes effect. The law for the first time allow overseas Vietnamese and foreigners to own houses in Vietnam. The programme offers attractive preferential promotion packages for the first 100 apartments of the group’s four real estate projects in Ho Chi Minh City, which are The Sun Avenue, The Botanica, Lucky Place and Sunrise CityView. General Director of the group Phan Thanh Huy said the move is made in anticipation of an expected investment wave from abroad into the real estate sector thanks to the law. CB Richard Ellis Vietnam Co. Ltd. (CBRE) stated the revised law creates more equal opportunities for foreigners when investing in the country. The company added that in order to attract foreign investors to the real estate market, local enterprises should take initiative in marketing their products overseas like … [Read more...]

Fresh Lychee sales soar sky high in Sydney

(VOV) -The Vietnam Trade Office in collaboration with the Vietnamese Business Association in Australia is having a lot of success giving lychee a fresh image in Australia. On July 1, they attracted large numbers of foreign and Overseas Vietnamese (OVs) to a promotional event dubbed – Vietnamese Lychee Day – staged simultaneously in three areas of Sydney including Bankstown, Cabramatta and Marrickville. "June was the first month Vietnamese fresh lychees have been shipped to Australia and consumers here are very receptive to them," said Thi Hoang Thuy, a representative of the trade office. She added that so far about 40 tonnes of the fruit have been sold and we hope to make further inroads this season as it gains in popularity in the shops and supermarkets in the region. Lychees are going over well said Hoang Vi Cao, a representative from TCT Export company in Sydney— we’re working out the snags and by next season we hope to be selling 5-10 tonnes of lychees … [Read more...]

Easier foreign ownership not likely to revive property market

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(VOV) - Vietnam’s revised Housing Law officially came into effect on July 1, which allows Overseas Vietnamese (OVs) and other foreigners to acquire an ownership interest in real estate in Vietnam. The amended law, for the first time ever, gives OVs and other foreigners, similar rights to Vietnamese citizens as it relates to the ownership of property. The changes in the law were intended to prop up the ailing real estate market of recent times. However, most experts suggest that OVs and foreigners won’t be rushing out to buy real estate any time soon due to the lack of official regulations or other guidance covering the changes in the law. "A policy to allow foreign individuals and other entities to own real estate in Vietnam is an active step in the right direction to revive the stagnant real estate market," said Mai Yayongyia, a graduate student at the National Economics University (NEU). Mai said as of July 1 – OVs, foreign individuals, and other foreign … [Read more...]

Weekly roundup: Baggage theft, foreign home ownership, Hanoi street food

Vietnam's dirty growth   What will Vietnam do with the estimated millions of tons of waste, both dust and toxic slurry, generated by its coal plants?    The food of Hanoi's Old Square

China brings oil rig back to waters near Vietnam’s Paracels China said it has brought the notorious oil rig Haiyang Shiyou-981 back to the waters near Vietnam’s Hoang Sa (Paracel) Islands. New housing law will treat overseas Vietnamese like locals Overseas Vietnamese will be able to buy houses in Vietnam without any restriction from this July. Foreigners can also buy houses in "certain urban areas." Vietnam is betting that the most significant easing of business regulation in 25 years will revive a flagging investment outlook. In the centuries-old neighborhood, the eating places are simple, but never lack diversity or tasty food. … [Read more...]

Visiting place President Ho Chi Minh came in Czech

Ambassador Truong Manh Son (third from right)   visit Chrastava town. (Photo: VNA)

Vietnamese Ambassador to the Czech Republic Truong Manh Son and the leaders of the Overseas Vietnamese Association and representatives of overseas Vietnamese branches in Liberec province on June 22nd returned to the town of Chrastava, where President Ho Chi Minh visited 58 years ago. The delegation led by the Ambassador had a working meeting with the Governor of Liberec province Martin Puta, Mayor of Liberec city Tibor Batthyány and Mayor of Chrastava town Michal Canov. The Ambassador informed the local leaders about the economic development of Vietnam in recent years, emphasizing the fields of investment that businesses in Czech in general and in Liberec province in particular might be interested in. He said that Vietnam desired to set up a stone pillar or statue of President Ho Chi Minh at a school in the town of Chrastava, which had received 100 Vietnamese cadets since 1956. The provincial and city leaders agreed with the idea of marking the​ visit to the cadet school of the … [Read more...]

New housing law will treat overseas Vietnamese like local buyers

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Prospective homebuyers check a property project in Vietnam. Photo: Dinh Son Overseas Vietnamese will be able to buy houses in Vietnam without any restriction from July 1. The amended Housing Law, which takes effect next Wednesday, gives overseas Vietnamese, or Viet kieu, similar rights to locals. Foreigners in Vietnam can also buy houses in "certain urban areas." Housing developers are asking the government to specify these areas. The house purchase right, however, is not available for those coming as diplomats. Foreigners and foreign organizations which invest in housing projects in Vietnam can also buy houses in the country, so as foreign-invested companies, banks or funds operating here, the law said. Until now, Viet kieu and foreigners could only buy one apartment in Vietnam each. The conditions were strict, favoring only those married to Vietnamese nationals, holding managerial positions, or having contributed to the country. These criteria have enabled only around 130 … [Read more...]

ASEAN Day strengthen solidarity among ASEAN delegations in Geneva

Children of ASEAN countries playing at the event.  (Photo: VNA)

On the ASEAN Day, diplomatic missions of ASEAN countries, including Vietnam’s Permanent Mission to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva, Switzerland on June 13th jointly organized an exchange at the Onex Sport Centre to show solidarity among ASEAN countries. The ASEAN Day this year hosted by Cambodia. Besides sports activities such as football, tennis, "ASEAN Day" has become a festival with cultural activities and lively folk games. Each of the different countries also introduced some of their traditional food dishes for the others to enjoy. The festival took place on a pleasant summers day in a happy atmosphere helping to bring solidarity and friendship among ASEAN countries./. … [Read more...]

Vietnam highlighted at immigrant festival in Belgium

NDO/VNA - Members of the Overseas Vietnamese community in Belgium recently participated in the "New European Days" festival held at the Esplanade of the European Parliamentary in Brussels. The event, organised by the New European Business Confederation, aims to honour the contributions and diverse cultures that immigrants, or new Europeans, have brought with them to Europe. Vietnamese participants living in Belgium set up a booth to display books and images of their home country, highlighting famous tourism sites, including Ha Long Bay, Phong Nha-Ke Bang cave, the ancient town of Hoi An, and Hue Imperial Citadel. They also staged an arts performance and cooked traditional dishes to offer visitors, helping to draw a big crowd. Currently, there are about 13,000 Vietnamese people living and working in Belgium. … [Read more...]

Beautiful Canberra autumn through lens of overseas Vietnamese students

Overseas Vietnamese students in Canberra (Australia) recently held a photo contest themed "Autumn Canberra in me" organized by the Executive Board of the Vietnamese Youth and Student Association. Each photo shows angles of view, colors and different feelings towards dreamy Canberra.  "Canberra autumn always associates with richness, diversity of colors, plants and flowers, especially with tree sunshade, carpets of shiny yellow leaves, or red trees on roadside. All create poetic and beautiful scenery, which makes not only people in Canberra but also tourists passionate. However, romantic autumn scenery is also easy to arouse meditation, confidence for expatriates," wrote a comment sent to the organizing board.  After a month of launch, the organizing board had received many impressive photos taken by overseas Vietnamese students. The first prize was presented to photo named "Currong Autumn" by Hieu Nguyen, the second and third prizes were given to "Mot Chieu Thenh Thang" and "The Autumn road" respectively.      "Currong autumn" by Hieu Nguyen wining the first prize      "Mot chieu thong tha" by Pham Thi Nguyet Nga      "Autumn road" by Luong Ngoc Son      "The Autumn park" by Luong Ngoc Son      "Canberra in my eyes" by Minh Chau

Overseas Vietnamese students in Canberra (Australia) recently held a photo contest themed "Autumn Canberra in me" organized by the Executive Board of the Vietnamese Youth and Student Association. Each photo shows angles of view, colors and different feelings towards dreamy Canberra. "Canberra autumn always associates with richness, diversity of colors, plants and flowers, especially with tree sunshade, carpets of shiny yellow leaves, or red trees on roadside. All create poetic and beautiful scenery, which makes not only people in Canberra but also tourists passionate. However, romantic autumn scenery is also easy to arouse meditation, confidence for expatriates," wrote a comment sent to the organizing board. After a month of launch, the organizing board had received many impressive photos taken by overseas Vietnamese students. The first prize was presented to photo named "Currong Autumn" by Hieu Nguyen, the second and third prizes were given to "Mot Chieu Thenh Thang" and "The Autumn … [Read more...]

Vietnamese-American students first perform Ao Dai in US

Photo: vnexpress.net

An Ao Dai (traditional long dress) show of designer Thuan Viet performed by Vietnamese – American students studying and living in the US was organize at American History of Natural History in New York on May 24th. Students named An Vo, Bi Bi Tran, Simon Nguyen and Jessica Truong were chosen to wear the most beautiful traditional long dresses and made up like professional model models. To help the young Vietnamese – American people remember the homeland, the organizing board decided to invite original Vietnamese students to perform instead of models. Apart from designer Thuan Viet, seven other Asian designers from Bhutan, China, Indonesia, Iran, Japan, the Republic of Korea, Mongolia were also invited to participate in the show./. … [Read more...]

Overseas Vietnamese are an integral part of Vietnam

The car cable system leading to the Ba Na tourism area in Da Nang (Photo: VNA)

(VOVworld) – Overseas Vietnamese are an integral part of and a powerful resource for Vietnam. According to a recent directive of the Party Politburo to promote the implementation of the Resolution on overseas Vietnamese affairs in the new context, the Politburo called on overseas Vietnamese to remain closely attached to the homeland. Favorable conditions have been created for overseas Vietnamese to return to Vietnam, invest in Vietnam’s economy, and contribute to national construction and defense. The directive stressed the need to foster administrative reforms to help overseas Vietnamese buy a house in Vietnam, enjoy simplified Entry and Exit procedures, and transfer and use overseas remittances. Overseas Vietnamese are allowed to contribute ideas to and take part in Vietnam’s major social and political events. The directive called for completing a mechanism and policies and creating laws to encourage overseas Vietnamese to invest in business and production, … [Read more...]

Vietnamese Student Association in RoK strengthens community ties

The new VSAK executive committee. (Photo: VNA)

The Vietnamese Student Association in the Republic of Korea (VSAK) held its fifth congress (term 2015-2017) on May 24th, in order to review achievements and outline tasks for the next two years on May 24th. After eight years of establishment and operation, VSAK now has over 80 branches throughout the Republic of Korea (RoK) with more than 6,000 members. Under the direct leadership of the Party Committee and the Vietnamese Embassy in the RoK and Central Committee of the Vietnamese Student Association, VSAK has organized many meaningful activities for Vietnamese students in the RoK. It has strengthened solidarity and committed to help each other and look towards the homeland. Most of the members have successfully completed studying and research programs in the RoK. Some Vietnamese students have had research works published in leading scientific journals of the Rok and around the world. The association also regularly organizes art, culture and sporting exchanges and movements towards … [Read more...]

Vietnamese students attend Russian cultural festival “Friendship without borders”

Vietnamese students performing fan dancing   at the festival. (Photo : VNA)

Vietnamese and foreign students at the Financial University (FU) under the Government of the Russian Federation in Moscow participated in an art festival "Friendship without border" on May 18th. The event was a colorful as well as spiritual and imbued with cultural characters of Russian, Kyrgyz, Mongolian, Tajikistan and Vietnamese people. At the festival, students not only performed their traditional dances and repertoires, but also jointly presented dances of other nations. The event was a cultural bridge to help students unite and understand more about their friends’ cultural identities. Vietnamese students performed fan dance and puppet, which surprised the Russian teachers and foreign students. There are about 107 Vietnamese students studying at FU./. … [Read more...]

Vietnam pours USD20 billion abroad

Vietnam poured a combined USD20 billion in new and additional capital abroad as of this April, according to the Ministry of Planning and Investment’s Overseas Investment Agency. Laos and Cambodia remain major markets attracting Vietnam’s outbound investment, with a respective USD3.9 billion (26 percent) and USD3.2 billion (22 percent). Vietnam also channeled USD968 million into 18 projects in Russia, USD1.8 billion in two projects in Venezuela, and USD1.3 billion in six projects in Peru. Other Vietnamese capital markets include Malaysia, Myanmar and the US. Mining is Vietnam’s predominant field overseas with 11 projects worth USD5.1 billion, equivalent to 11.5 percent of the projects and 34 percent of the total capital. It is followed by agro-forestry-fisheries with USD2.7 billion in 125 projects, accounting for a respective 18 percent and 13 percent. Others include information, communications, electricity, real estate, finance-banking and insurance. Aside from … [Read more...]

Vietnam pours $20 billion abroad

Viettel Group has invested in Natcom mobile network in Haiti.

Vietnam poured a combined 20 billion USD in new and additional capital abroad as of this April, according to the Ministry of Planning and Investment’s Overseas Investment Agency. Laos and Cambodia remain major markets attracting Vietnam’s outbound investment, with a respective 3.9 billion USD (26 percent) and 3.2 billion USD (22 percent). Vietnam also channeled 968 million USD into 18 projects in Russia, 1.8 billion USD in two projects in Venezuela, and 1.3 billion USD in six projects in Peru. Other Vietnamese capital markets include Malaysia, Myanmar and the US. Mining is Vietnam’s predominant field overseas with 11 projects worth 5.1 billion USD, equivalent to 11.5 percent of the projects and 34 percent of the total capital. It is followed by agro-forestry-fisheries with 2.7 billion USD in 125 projects, accounting for a respective 18 percent and 13 percent. Others include information, communications, electricity, real estate, finance-banking and … [Read more...]

Overseas Vietnamese in Spain support people and soldiers on Truong Sa archipelago

The State Commission for Overseas Vietnamese (SCOV) has received EUR1,125 of overseas Vietnamese in Spain and staff working at the Vietnamese Embassy in Spain to support people and soldiers, who are on duty on Truong Sa island district. The amount of money has been transferred to the SCOV by Mr. Nguyen Ngoc Hung, a staff of the Vietnamese Embassy in Spain. On behalf of people and soldiers on Truong Sa island district, SCOV thanked the practical help of overseas Vietnamese and staff at the Vietnamese Embassy in Spain and the commission will soon transfer the amount of money to people and soldiers in Truong Sa island district./. … [Read more...]

Vietnam pours 20 billion USD abroad

Vietnam poured a combined 20 billion USD in new and additional capital abroad as of this April, according to the Ministry of Planning and Investment’s Overseas Investment Agency. Laos and Cambodia remain major markets attracting Vietnam’s outbound investment, with a respective 3.9 billion USD (26 percent) and 3.2 billion USD (22 percent). Vietnam also channeled 968 million USD into 18 projects in Russia, 1.8 billion USD in two projects in Venezuela, and 1.3 billion USD in six projects in Peru. Other Vietnamese capital markets include Malaysia, Myanmar and the US. Mining is Vietnam’s predominant field overseas with 11 projects worth 5.1 billion USD, equivalent to 11.5 percent of the projects and 34 percent of the total capital. It is followed by agro-forestry-fisheries with 2.7 billion USD in 125 projects, accounting for a respective 18 percent and 13 percent. Others include information, communications, electricity, real estate, finance-banking and … [Read more...]

4 face charges for allegedly importing luxury vehicles

Customs officers of a Saigon Port in Ho Chi Minh City check an imported car. Photo credit: Vietnam customs' news website

Ho Chi Minh City police have proposed smuggling charges against four people for allegedly importing luxury vehicles from the US under the names of overseas Vietnamese to evade over VND218 billion (US$10 million) in taxes. All the suspects, including an immigration officer, could face sentences ranging from a 20-year jail term to death, considering the imported vehicles were valued at more than US$5.2 million in total. According to the police, between 2011 and 2013, Nguyen Quang Vinh, 33, and his accomplices brought cars from luxury brands such as BMW and Porsche, and motorcycles into Vietnam. They declared the vehicles as properties of overseas Vietnamese who were returning to Vietnam for permanent residency, so they were exempted from import and value-added taxes under Vietnamese laws. Vinh together with Tran Phuoc Thanh, 48, and Tran Thai Nguyen, 33 - all providers of import and export services - had falsified relevant documents, police said. Nguyen Giang Lam, 40 and who was … [Read more...]

Eight countries participate in table-tennis tournament of overseas Vietnamese in Poland

Players participated in the tournament in Warsaw.  (Photo: VNA)

The Warsaw Open Table-Tennis tournament for overseas Vietnamese was held in the capital of Poland between May 2nd and 5th attracting athletes from eight countries that deemed the competition was an unquestionable success. This year, the tournament was open to all comers according to desire of Vietnamese players across Europe and other countries, with the primary purpose of exchange, cohesion and enhancing understanding, solidarity of Vietnamese people all over the world. The tournament attracted 130 players aged 12-73 from Germany, Czech, Slovakia, Hungary, Finland, France, Canada and Poland. The German team won the first prize with four gold and four silver medals, the second prize was given to the Polish team with two gold and four bronze medals. Previously, Vietnamese Ambassador to Poland Pham Kien Thiet and representatives of associations attended the opening ceremony. After the tournament, the host team took the teams to visit scenic local landscapes. This is a useful … [Read more...]

Truong Sa archipelago in the hearts of Vietnam overseas

Overseas Vietnamese exchanging with soldiers on   Truong Sa archipelago. (Photo: vov.vn)

Various groups of overseas Vietnamese around the world recently visited the Truong Sa island and DK1 frame house from April 21st - 28th on the occasion of the 40th anniversary of the Southern Liberation and National Reunification Day and also the 40th anniversary of Truong Sa liberation. The delegation included 50 overseas Vietnamese. This was an opportunity for them to gather accurate information about the sovereignty of the sea and islands and convey first hand to their communities and international friends the reality of life in the archipelago. The visitors took the opportunity to present gifts worth VND650 million from the people in their community to show their appreciation and encourage the soldiers and residents on Truong Sa islands. Mr. Tran Hai Linh, member of the Central Committee of the Vietnam Fatherland Front and Head of the Overseas Vietnamese Association in South Korea, said that the community in South Korea had made their contribution with patriotism and … [Read more...]