Deputy chief of the general staff of the vietnam peoples army lieutenant general vo van tuan

HCM City should develop a heritage master plan as part of its urban development strategy to ensure conservation of its architectural heritage, experts have urged. HCM City needs new laws to protect heritage buildings Ho Chi Minh City’s 300-year History HCM City allocates millions for preservation of historic buildings Speakers at a recent conference on preservation of the city's built heritage held in HCM City. VNS Photo Bo Xuan Hiep Speaking at a conference on architectural heritage held by Thanh Niên (Youth) newspaper recently, experts said the master plan must ensure balance between urbanisation and preservation of the city’s remaining heritage. Nguyen Quang Thong, editor-in-chief of the newspaper, emphasised the great value that architectural heritage can bring to the city’s economy. “Our architectural legacy is a symbol here and around the world. Some of these have become national brands.” According to Bui Ta Hoang Vu, director of the HCM City Tourism Department, architectural heritage greatly contributes to the city’s tourism industry. However, the number of tourism heritage sites in the city is a relatively modest 258, of which only 111 are potential tourist attractions. The city has a total of 172 historic relics but only 30 per cent of them can be promoted as tourist attractions. Among the 10 must-see landmarks in the city are all historic buildings. Economic value Tran Van Khai, of the HCM City University of Architecture, said that most people were unaware of the economic value of built heritage. Many foreign tourists believe HCM City today is not considered a city of culture or heritage. For them, the city is just a stopover. Most city tours today include only a few attractions such as the Post Office, the Notre Dame Cathedral, the Independence Palace, Ben Thanh Market and the War Remnants Museum. Architectural heritage must be credited for its potential economic value, they said. In other countries, historic …

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Speaking at the event, General Lich affirmed that in the 2015-2020 period under the leadership of the Military Party Organization, the whole military successfully fulfilled all assigned missions, contributing to raising the Vietnamese army’s statue and prestige and brightening the virtues of Uncle Ho’s soldiers in the new period. On the occasion, Lich sincerely thanked leaders of the Party, the State, the Central Military Commission, the Ministry of National Defense, Party committees and chains of command, and troops in the whole military for caring, supporting, and creating favorable conditions for him to fulfil his mission. He expressed his strong belief that the Central Military Commission and leaders of the Ministry of National Defense in the new tenure will promote the glorious tradition of the Vietnam People’s Army and lead the whole military to fulfil all assigned missions. At the duty hand-over ceremony, the newly-elected Defense Minister thanked General Ngo Xuan Lich and generations of leaders of the Defense Ministry for their valuable contributions to the building of the army and the armed forces. Giang affirmed that he and members of the Central Military Commission and leaders of the Ministry of National Defense will promote unity and lead the whole military to effectively fulfil missions assigned by the Party, State, Army, and people. At the event, General Ngo Xuan Lich and Senior Lieutenant General Phan Van Giang signed the record of the Defense Minister’s duty handover meeting. Translated by Tran Hoai …

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Traders work at the trading floor of Sai Gon Securities Inc. (Photo: VNA) Hanoi (VNS/VNA) - The development of the equity market will help promote the transparency and corporate governance of listed companies, especially public companies with State capital , an official has said. The statement was made by Dang Quyet Tien , director of the finance ministry's Corporate Finance Department, during a recent seminar in Hanoi. “This will help boost the volume of transactions in the stock market, increasing the liquidity for State shareholders,” Tien said. “There is a problem that has persisted for many years in most State-owned enterprises, which is the ineffectiveness in the management and use of State capital,” he said. “The development of the equity market would help State-owned enterprises be less dependent on bank credit loans, diversifying forms of capital mobilisation.” The Vietnamese stock market has seen remarkable development since its inception, but the rate of capital mobilisation via this market was still very low, said Nguyen Tu Anh, director of the General Economic Department under the Central Economic Committee. “The diversification of products on the market is still poor, resulting in high volatility. At present, idle capital in the economy is quite large, the deposit interest rates of banks have decreased and the interest rates of Government bonds have dropped deeply, which are very favourable conditions to develop the stock market,” he said. “Over the past 20 years, Vietnam’s stock market has made great progress, promoting its role as a capital mobilisation channel for the medium and long term. However, more efforts are still needed to achieve the upcoming development goals,” said Ta Thanh Binh, Director of Securities Market Development Department under the State Securities Commission. “The status upgrade of the stock market needs efforts not only from the securities industry and the stock market regulators but also from …

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