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Party General Secretary Nguyen Phu Trong speaks at the meeting.  Speaking at a meeting with Vietnamese and Cuban youths in Havana, Cuba, on March 29 afternoon (local time), the Party leader said the special relationship is rare in the world’s contemporary history.  The relationship had been fostered by former leaders of both countries like Jose Marti, Fidel Castro and Ho Chi Minh, and cultivated by generations of Vietnamese and Cuban leaders, he said.  Despite the geographical distance, Vietnam and Cuba share a lot of similarities, Party General Secretary Trong said, noting that the fraternal friendship was formed and developed thanks to historical similarities of the two countries.  Over the past nearly 60 years since the establishment of bilateral diplomatic ties (December 2, 1960), Vietnam and Cuba have stood side by side during the past struggle for national liberation and freedom, as well as the present national construction and defence, the leader … [Read more...] about Youths urged to write new chapters of Vietnam-Cuba ties

The Vietnamese government has issued a decree specifying administrative fines for violations in the monetary and banking sectors which, most notably, scraps fines for those trading foreign currencies valued at less than US$1,000 at unlicensed establishments. The new decree, which will come into effect on December 31, 2019, calls for only a warning to be given to those who exchange currencies at unlicensed businesses. Currently, effective regulations stipulate that people buying or selling foreign currencies at unauthorized establishments are subjected to fines of VND80-100 million ($3,455-4,319), regardless of the value of the transaction. Under this regulation, a man from the Mekong Delta city of Can Tho was fined VND90 million ($3,887) in 2018 for exchanging a $100 bill into Vietnamese notes at a local gold shop that was not licensed to exchange currencies. The case sparked intense public controversy, with many speaking out against the hefty fine handed down for such a small … [Read more...] about Vietnam scraps fine for unlicensed forex transactions valued below $1,000

Quang Phu Cau Village Quang Phu Cau village on the outskirts of Hanoi has attained global fame for making incense sticks for more than a century. A woman collects incense sticks in a courtyard in Quang Phu Cau village. Photo by Shutterstock/An Vu. Here dozens are hard at work dyeing, drying and cutting bamboo to make the joss sticks ahead of the Lunar New Year. French news agency AFP made an introduction about the village on its news site in January this year when the village was entering its busiest season of the year. In March this year the photo of a woman collecting incense sticks in a courtyard in the village was named among the 100 best global travel photographs by CNN. Sales surge every year ahead of and during the New Year between mid-January and mid-February, when people visit temples and light incense or burn the sticks at the ancestral altar at home. The village’s products are consumed not only in Vietnam but also in India, China, Malaysia, and other countries. On … [Read more...] about Vietnam traditional craft villages attract global attention

Representatives of gold trading companies said this was the best time to buy gold. — Photo petrotimes.vn Compiled by Thiên Lý According to The Week, the price of oil has been on a roller-coaster ride for the past few years, plummeting to its 2014 peak before making a steady recovery in recent months – all with huge consequences for the global economy. The price has increased over 20 per cent this year, “in part as trade tensions between the United States and China have heated up, but also as looming sanctions on Iran have already started to curtail flows of oil from the country.” On October 27, the buying and selling prices of gold at the Doji Gold and Jewellery Corporation were VNĐ36.5 million (US$1,560) and VNĐ36.6 million per tael (37.5gm) respectively, up VNĐ40,000 ($1.7) from the previous week. A tael at the Sài Gòn Gold and Jewellery Corporation was priced at VNĐ36.49 million and VNĐ36.63 million, up … [Read more...] about Gold prices likely to rise by year-end: analysts

  Daniel Cao Nguyễn competes at the  ITF World Tennis Tour M25 in Tây Ninh Province in October. Nguyễn is Việt Nam's golden hope at the SEA Games. Photo courtesy of VTF SEA Games Tennis has not been a good sport for Việt Nam at the Southeast Asian Games. In the past 30 years, not a single player in any category has ever come away with a gold medal, but maybe that’s about to change. Hopes rest on the shoulders of Daniel Nguyễn who will lead the tennis players at the 30th Games in the Philippines later this month. The 29-year-old was born in California in the US, but has been naturalised and will fly the flag for Việt Nam at the games. Ranked 355th in the world, he is top seed at the games and is tipped for success in both the men’s singles and doubles. “It will be tough for a gold medal,” Nguyễn told Việt Nam News. “There are several good players in South East Asia. I will look … [Read more...] about Nguyễn to take Việt Nam’s first ever SEA Games tennis title