New Zealand GeoNet recorded that the quake occurred at 4:18 p.m. local time, with epicenter of 132 km below and 785 km away from Whakatane in north island. United States Geological Survey recorded the quake at 6.9 magnitude with epicenter of 111 km below. Ministry of Civil Defense of New Zealand said that based on current information, the initial assessment ruled out a subsequent tsunami threat after the quake. … [Read more...] about 6.7-magnitude quake jolts New Zealand’s remote islands, no tsunami alert
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Required breakthrough in theory to lay solid foundations for the formulation of the Party’s guidelines and policies in the new stage
Based on the reality and experience of the reform process, as well as the requirements of the new stage, international trends and prospects for our country, the theoretical think tank circle of our country should focus their research on the following key issues: Firstly, creatively applying and developing Marxist-Leninism, HoChiMinh ideology on socialism in the current era in which globalization and international integration are the main stream. Secondly, promoting theoretical studies and review the practice of developing a socialist-oriented market economy, of which importance is given to market factors and types of productivity, business entities and the self-motivated stance of enterprises in the market economy. In addition, promoting various types of markets, building institutions of a market economy in line with requirements of active international economic integration. Thirdly, studying political and social theoretical matters, social policies and management, of which the … [Read more...] about Required breakthrough in theory to lay solid foundations for the formulation of the Party’s guidelines and policies in the new stage
PM STRESSES PRIORITY TO DEVELOP MACRO ECONOMY
Prime Minister Phan Van Khai on April 1, the second day of the government's monthly meeting, said that the whole country should concentrate on developing the macro-economy, stabilising prices and foreign exchange rates, promoting investment in infrastructure construction and accelerating exports. He pointed out advantages and disadvantages in socio-economic development in the second quarter of this year, particularly difficulties caused by the war in Iraq. The country needs to mobilise capital from the people and enterprises, disburse official development assistance (ODA) capital and create favourable conditions for foreign entrepreneurs to invest in Vietnam, the government leader stressed. He expressed his satisfaction at the fact that investment capital poured into the country has not been reduced despite impacts of the war in Iraq. Management should be focused on promoting investment in infrastructure construction, Prime Minister Khai said, adding prices of some items saw increases … [Read more...] about PM STRESSES PRIORITY TO DEVELOP MACRO ECONOMY
Letter from the General Secretary Nong Duc Manh of the Communist Party of Vietnam to the Editorial Board of the Website Communist Party of Vietnam
Hanoi 20 June 2003 Letter from the General Secretary Nong Duc Manh of the Communist Party of Vietnam to the Editorial Board of the Website Communist Party of Vietnam On the occasion the new version of the Website Communist Party of Vietnam comes into being, on behalf of the Politburo, I would like to send the Direction Board, the Editorial Board, coordinators and readers of the Website at home and abroad my congratulations and best wishes. The Communist Party of Vietnam always pays attention and highly appreciates the role of mass media, including electronic newspapers, to mobilize the whole nation's aggregate strength in promoting the cause of renovation, industrialization and modernization as well as in building and protecting our fatherland - the Socialist Republic of Vietnam. In the current global rapid development of information and informatics technology, electronic newspaper has increasingly become a prompt and advantageous means of information which should be developed in … [Read more...] about Letter from the General Secretary Nong Duc Manh of the Communist Party of Vietnam to the Editorial Board of the Website Communist Party of Vietnam
Plans for Hai Phong’s development okayed
CPV - Plans to make Hai Phong a major marine, industrial and commercial city and an impenetrable national fortress have been confirmed. The avowal was made during a review of a resolution for the city's development until 2010, and the implementation of resolutions carried by the 9th Congress of the Viet Nam Communist Party in mid 2001. The review by the Political Bureau and the Hai Phong Party Committee last Saturday found that Hai Phong should take advantage of its closeness to Ha Noi and its shipping links to the rest of the country and the world to become a key component in the economic development of northern Viet Nam. The provision of services, education and health care as well as the development of tourism and fisheries will be part of that development. The working session was chaired by Party General Secretary, Nong Duc Manh, and attended by State President Tran Duc Luong, Prime Minister Phan Van Khai and National Assembly Chairman Nguyen Van An, all Party Politburo members. The … [Read more...] about Plans for Hai Phong’s development okayed
Foreign hands given greater stake in bourse
FOREIGN investors are now allowed to hold a maximum 30 per cent of listed shares in the country's fledgling stock market. Signed by Prime Minister Phan Van Khai, analysts said the decision was one of many wide-ranging attempts to boost the ailing stock market since it was launched in July 2000. Foreigners were quick to welcome the move. KPMG senior partner Warrick Cleine said: "Relaxation of foreign investment restrictions in the country's listed shares is most welcome. "There are many successful Vietnamese companies that would benefit from a closer relationship with their foreign partners. "This will especially benefit those companies that use foreign technology, trade contacts or experience." The need for such a decision was shown when the government recently allowed Sacombank and British-backed Dragon Capital to establish the $500,000 Viet-Fund Management Company. (See related story on P.15). Over the past three years, the country's stock market has attracted 21 equitised … [Read more...] about Foreign hands given greater stake in bourse
Finance hits top gear for tunnel
Construction of the Deo Ca project is expected to start in September, 2012 and it is scheduled to complete within four years - Nghiem Sy Minh Deo Ca Investment Joint Stock Company (DCIC) management board chairman Nguyen Chung (vir.com.vn) … [Read more...] about Finance hits top gear for tunnel
State moves to sell bonds to foreigners
FOREIGNERS will be permitted to buy government bonds if a new decree submitted to government last week is approved. Development Assistance Fund deputy general director Nguyen Van Quang said a recent shortage of capital for investment projects, especially large ones, was a problem. The best way to raise capital was to issue minimum five-year bonds, he said. By permitting foreigners and foreign organisations to purchase bonds, government officials hope the mobilisation of capital will be quicker and the liquidity of government bonds increased. Foreigners and foreign organisations contacted last week by Vietnam Investment Review said they would be interested in investing in government bonds. However, they also expressed caution, and said the government would have to ensure an attractive interest rate plus high liquidity of the bonds by strengthening enforcement of the securities market. According to the draft decree, bond owners would be permitted to use them for sale, gifts, inheritance … [Read more...] about State moves to sell bonds to foreigners
North Thang Long backers get State ultimatum
THE government has issued an ultimatum to the Thai backers of the long-delayed North Thang Long urban complex: put the project back on track by next month, or the investment licence will be scrapped. The $990-million complex - one of Hanoi's biggest foreign-invested property projects - has been stalled since 1998 when project partner Thai Northbridge Communities was hit by the regional financial crisis. Pham Quy Trong, deputy general director of Hanoi Construction Corporation (HCC), the joint venture's local partner, said the government had set August as the final deadline for the mammoth project. "A detailed schedule to develop the project was agreed between the two sides at the latest meeting held last May in Hanoi. "If by August, this year the project does not show any signs of getting back on track, the Ministry of Planning and Investment will revoke our licence," he said. Vietnam Investment Review understands local partner HCC wishes to maintain its partnership with the … [Read more...] about North Thang Long backers get State ultimatum
Hotels head for Binh Dinh
Developers are setting up new hotel properties in Binh Dinh, a southern province which does not usually cause much of a blip on the regional tourist map. The country's largest tour operator Saigontourist has teamed up with other local firms to develop a four-star hotel in Quy Nhon town's Nguyen Hue street. When completed late next year, the $4-million hotel is to feature 116 rooms, swimming pool, meeting rooms, restaurants and other associated services. It is one of the largest hotel projects to be built in the province, home to a Cham tower site and beautiful beaches. Tam said wood-processing company Hoang Anh Gia Lai, which has had Thai player "Zico" Kiatisak play for its football team, was also developing a large resort in the Ghenh Giang ocean lagoon. Ghenh Giang has one of the most beautiful beaches in the country called Hoang Hau or Queen with the egg-shaped stones common to the area. In 1945, King Bao Dai built a three-storey villa in the shape of … [Read more...] about Hotels head for Binh Dinh
First fund-management company licensed
The State Securities Commission has licensed Vietnam's first fund management joint venture, the Viet-Fund Management Company (VFM). The $500,000 joint venture will operate the Viet-Fund, which is expected to be the first investment fund set up in Vietnam since the stock market opened in July 2000. Viet-Fund has yet to be approved by the commission. VFM was granted its licence last week, following Prime Minister Phan Van Khai's approval earlier this month. The State Securities Commission (SSC) is also considering licensing fund management companies under the Phuong Nam Commercial Bank and TVH Corporation. Sacombank chairman Dang Van Thanh said VFM would create a new investment channel to lure idle money from the public, "and will help investors with professional investment management services". Dragon Capital partner John Shrimpton said licensing the first securities fund management firm in Vietnam was a fresh move in developing the country's financial market. "The move … [Read more...] about First fund-management company licensed
PARTY LEADER ASKS NHAN DAN NEWSPAPER TO PROMOTE ITS ROLE OF IDEOLOGICAL PACESETTER
Party General Secretary Nong Duc Manh has stressed that the staff of Nhan Dan newspaper, the voice of the Party, State and people of Vietnam, should make greater efforts to promote the role of a pacesetter in the political and ideological front. He said this while visiting Nhan Dan newspaper in Hanoi on March 28. Editor-in-chief Dinh The Huynh reported to Party leader Nong Duc Manh the efforts of Nhan Dan newspaper in implementing political tasks and strengthening working capability. After two years of implementing the resolution of the Ninth Party Congress and under the close leadership of the Politburo and the Party Secretariat, together with the effective co-operation and support from agencies, sectors, organisations and readers, the editorial board and staff of Nhan Dan newspaper have seen significant achievements in improving the quality of different publications and fulfilling the function of a central organ of the Communist Party of Vietnam and the voice of the Party, State and … [Read more...] about PARTY LEADER ASKS NHAN DAN NEWSPAPER TO PROMOTE ITS ROLE OF IDEOLOGICAL PACESETTER
The speech of Mr. Nguyen Khoa Diem(1) at the opening ceremony of the Contest for Excellent Reporters and Disseminators of Ho Chi Minh Thought held in Cong Vi Ward, Ba Dinh District, Hanoi.
To bring about a proactive shift in information dissemination and the movement of studying Ho Chi Minh Minh thought among Party members, the people, and soldiers. The speech of Mr. Nguyen Khoa Diem(1) at the opening ceremony of the Contest for Excellent Reporters and Disseminators of Ho Chi Minh Thought held in Cong Vi Ward, Ba Dinh District, Hanoi. Today, 19 May 2003, is the 113th anniversary of our beloved Uncle Ho's birthday. We are all here to carry out a work of great significance and practicality—to open the Contest for Excellent Reporters and Disseminators of Ho Chi Minh Thought. More importantly, the contest is held in a Party establishment where Uncle Ho lived and worked, and now rests in peace. It helps pave the way for the nationwide Contest of Disseminating Ho Chi Minh Thought. The contest has attracted a vast number of cadres, veteran revolutionaries, students, and youths in the ward. This shows the President's great influence and his close touch with the population; … [Read more...] about The speech of Mr. Nguyen Khoa Diem(1) at the opening ceremony of the Contest for Excellent Reporters and Disseminators of Ho Chi Minh Thought held in Cong Vi Ward, Ba Dinh District, Hanoi.
Prime Minister Phan Van Khai receives Chinese Foreign Minister Li Zhaoxing
In the morning of 14 June 2003, in the Governmental Office, Prime Minister Phan Van Khai received visiting Chinese Foreign Minister Li Zhaoxing and other delegates. Welcoming the Chinese delegation headed by Minister Li Zhaoxing, the Prime Minister stressed: the two countries Vietnam and China have a long-standing friendly relationship which has been developed by President Ho Chi Minh and Chinese leaders. Khai also delightedly praised that the bilateral comprehensive friendly cooperation between the two countries is increasingly intensified and promoted. Over the past time, the two countries have gained some considerable achievements in economic field, especially trade, investment and cooperation. They have made great efforts to take proper measures to maintain the growth of commercial turnover, striving to reach US$5 billion in two-way trade by 2005. The Prime Minister hoped a bilateral trade agreement could be signed soon to provide a legal frame for the expansion of commercial ties … [Read more...] about Prime Minister Phan Van Khai receives Chinese Foreign Minister Li Zhaoxing
Closing speech by National Assembly Nguyen Van An
Dear leaders of the Party, State and Vietnam Fatherland Front, Dear distinguished guests, Dear National Assembly deputies, After a month and a half, in the spirit of intensive work, high sense of responsibility and democracy the third session of the 11th Legislature of the Vietnam National Assembly has come to a close. At this session, the NA discussed and gave more evaluations about the implementation of socio-economic tasks and State budget plan set for 2002; the implementation of socio-economic and State budget plan in early 2003; approved 8 laws; advised on 9 draft laws; guaranteed the rights to inquiry to and the rights to response; discussed and approved the Resolution on exemption and reduction of the tax on the use of agricultural land, the Resolution on the pilot implementation of the organization of management of, providing vocational training and creation of jobs for rehabilitated drug in Ho Chi Minh City and a number of centrally-run cities and provinces. Through … [Read more...] about Closing speech by National Assembly Nguyen Van An
Develop the spirit of independence, self-sufficiency, renovation and creativity of Ho Chi Minh Thought in the new period
Nong Duc Manh, General Secretary of the Central Committee of the Communist Party of Vietnam On the occasion of the 113th anniversary of President Ho Chi Minh's birthday, in the morning of 15 May 2003, General Secretary Nong Duc Manh paid a visit to the Ho Chi Minh National Politics Institution. He gave an important speech on promoting research, education and popularization of Ho Chi Minh Thought. Dear comrades, Today, on the occasion of the 113th anniversary of President Ho Chi Minh's birthday (19 May 1890- 19 May 2003), I would like to present here in the Ho Chi Minh National Politics Institution. During this period, the entire Party is implementing the Direction of the Secretariat on "Promoting research, education and popularization of Ho Chi Minh Thought in the new era" to further put into reality the Resolutions of the Party Congress and of the 5th Central Committee (9th Tenure) on ideology and theory. The Institution has been also preparing to sum up over 10 years of researching … [Read more...] about Develop the spirit of independence, self-sufficiency, renovation and creativity of Ho Chi Minh Thought in the new period
Firmly holding to the socialist orientation
Dr. Dao Duy Quat Deputy Head of the Central Cultural and Ideological Board Member of the Central Theoretical Council Since the 6th Congress of the Communist Party of Viet Nam, the Congress which initiated our national comprehensive renovation, our Party has asserted "Renovation does not mean giving up the goal of socialism which our Party and people have chosen; renovation has nothing to do with transformation, renovation is to find suitable steps, forms and measures for successful building up of socialism. To firmly hold to the socialist orientation constitutes the fundamental principle guiding the cause of renovation. It reflects the consistency in pursuing the goal of combination of national independence with socialism. It is a definite affirmation of our path to socialism, passing over the capitalist development or any other ways round." After 7 years of renovation, the mid-term Party Plenum (7th tenure) asserted important achievements regarding political, socio-economic, security, … [Read more...] about Firmly holding to the socialist orientation
Welcome to new english version of vietnamtourism.gov.vn
{mosimage}In the effort to give you more and more about Vietnam Tourism development, we try our best to uprade the content as well as the layout of official websites of Vietnam National Administration of Tourism.Beside vietnamtourism.com, vietnamtourism.gov.vn focus on VNAT's activities, central and provincial state policy on tourism developement. Also, several topics will be discussed among tourist specialists and tourists themselves. … [Read more...] about Welcome to new english version of vietnamtourism.gov.vn
Party leader: VN to become modern industrialised country
The report was presented by Party General Secretary Nong Duc Manh atthe opening session of the 11 th National Party Congress in Hanoion Jan. 12.The Vietnam News Agency published main contents of the report.Reviewingfive years of implementing the 10 th Party Congress’s resolution, thereport identified advantages brought about by the renewal process andinternational integration, as well as mentioning difficulties andchallenges caused by deep-rooted weaknesses of the national economy.Italso mentioned natural disasters, disease epidemics, complicateddevelopments in the region and the world, impacts from the globaleconomic recession and financial crisis, as well as subversive andviolence-incited activities and the “peaceful revolution” undertaken byhostile forces.By looking into those, the report affirmed thatin such circumstances, the entire Party and the entire people hadexerted efforts to fight off difficulties and challenges and attainedimportant achievements in … [Read more...] about Party leader: VN to become modern industrialised country
Thai Binh Trading Corp invests US$23 million in Cuba
Cuba was a potential market of Vietnamese enterprises, Tu said. Moreover, the Cuban believed to use Vietnamese products, he emphasized. The two factories were planned to be at Mariel special economic zones which was 43 kilometers from Havana. Investment capital for the washing powder factory was US$18 million from Thai Binh Trading Corp, Vico Limited Company and Suchel Company. The factory is expected to open in the second quarter of 2017 with 40,000 square meters. Thai Binh Trading Corp and Kywy Joint Stock Company invested US$5 million aiming to produce from 120 million to 180 million products per year. It would be built in 10,000 square meters and operated in first quarter of 2017. Besides the two projects, Thai Binh Trading Corp planned to build wood manufacturing factory for interior and exterior architecture in Havana, Vice Chairman of the Corp, Nguyen Thi Kim Thao said. On the other hand, the Corp had participated in the merge and acquisition market in Cuba, … [Read more...] about Thai Binh Trading Corp invests US$23 million in Cuba