Confusing censorship by Vietnamese cinema watchdogs needs changing as it continues to to be one of the main factors restraining the domestic film industry by blocking potential hits and forcing filmmakers to stick with safe formulas that are far from enough to win over moviegoers. In 2013, Vietnamese film fans flocked to Facebook to show their disappointment when the highly-anticipated crime action blockbuster Bui Doi Cho Lon (Cho Lon's Gangsters) was banned from screening as the central film evaluation council said it contains violent scenes that “falsely depict the reality of Vietnamese society”. Bui Doi Cho Lon is densely packed with gory and dramatic kungfu fights that depict the ruthless gang wars in Cho Lon, a neighborhood in Ho Chi Minh City where a large number of Chinese-Vietnamese and Chinese nationals have long settled. When the production company behind the film asked to know what is considered true … [Read more...] about Vietnam’s confusing film censorship needs changing: insiders
Local social networks hoping to gain popularity
The race among Vietnamese social networks is starting to become exciting but much needs to be done for them to develop. It was at 8am on September 21 at the National Convention Center in Hanoi and hundreds of people were queuing up to check-in for the launch ceremony of Astra, a Vietnamese tourism social network. Astra also signed investment cooperation deals with 22 venture investors at the ceremony, with capital of over $10,000 for each deal. Most notable was the $1 million investment from Mr. Pham Thanh Hung, Chairman of CenGroup. Astra expects to capture 5 per cent of the global online travel market in the next five years. Choosing a niche market like travel, Astra is the first social network to use the paying rewards model for users when they post content on its platform. Mr. Nguyen Tiep, CEO of Astra, said paying rewards to users through reputable reviews of destinations and travel services is a way to attract users to join the social network and encourage them to share their … [Read more...] about Local social networks hoping to gain popularity
Postive changes made to resolve bad debt
From August 2017 to August 31, 2019, credit institutions settled VNĐ236.8 trillion (US$10.16 billion) worth of non-performing loans (NPLs). VNA/VNS Photo HÀ NỘI The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry. The statement was made by SBV Deputy Governor Nguyễn Kim Anh last week during a teleconference to review the implementation of the National Assembly’s Resolution No 42/2017/QH14 on the settlement of credit institutions’ bad debts. Specifically, the bad debt ratio among credit institutions had been maintained below 2 per cent. From August 2017 to August 31, 2019, credit institutions settled VNĐ236.8 trillion (US$10.16 billion) worth of non-performing loans (NPLs), or VNĐ9.6 trillion per month, well above the VNĐ4.7 … [Read more...] about Postive changes made to resolve bad debt
Vietnam Airlines to launch Danang-Van Don service
Corporate Vietnam Airlines to launch Danang-Van Don service By Le Anh Monday, Oct 21, 2019,19:14 (GMT+7) Vietnam Airlines to launch Danang-Van Don serviceBy Le Anh Passengers disembark from a Vietnam Airlines aircraft at Tan Son Nhat International Airport in HCMC. Vietnam Airlines will open an air route between Danang City and Van Don in Quang Ninh Province on November 1 – PHOTO: LE ANH HCMC – Vietnam Airlines will launch flights between Danang City and Van Don in Quang Ninh Province on November 1 to expand its flight network. Three flights per week are scheduled to depart from Danang City at 2.35 p.m. and take off at 4.35 p.m. in Van Don District on Wednesdays, Fridays and Sundays. This is the national flag carrier’s second route to Quang Ninh Province’s Van Don, following the launch of the HCMC-Van Don air service, strengthening trade and tourism between the province and other cities and … [Read more...] about Vietnam Airlines to launch Danang-Van Don service
No concessions on territorial integrity: PM
Nation No concessions on territorial integrity: PM By Van Ly Monday, Oct 21, 2019,19:02 (GMT+7) No concessions on territorial integrity: PMBy Van Ly Prime Minister Nguyen Xuan Phuc delivers a government report on the country’s socioeconomic performance - PHOTO: VGP HANOI - Vietnam will make no concessions whatsoever on its independence, sovereignty and territorial integrity to maintain peace and stability for the country’s development, said Prime Minister Nguyen Xuan Phuc. Delivering a government report on the first working day of the National Assembly’s (NA) eighth sitting today, October 21, the Government leader reiterated the point despite ongoing global problems, including slower economic growth, escalating trade tensions and activities that trespass on Vietnam’s waters in the East Sea. PM Phuc confirmed that Vietnam has been resolved and consistent in protecting its independence, … [Read more...] about No concessions on territorial integrity: PM