VietNamNet Bridge - After many failures with racecourse projects, Hanoi is again considering developing a formula 1 race course and allowing betting in order to increase city revenue and put the business under control. Sources said that at a working session with Deputy Prime Minister Truong Hoa Binh recently, Hanoi’s leaders asked the government to issue regulations on the business conditions for 16 business fields mentioned in Appendix 4 of the Enterprise Law. The leaders said the city has called for investment into the F1 race course project in the city. One foreign group has shown its interest in the project. “You may see that lottery is an important source of revenue for many Mekong Delta provinces. I know a province which has GDP value of VND1.3 trillion, and VND980 billion from lottery,” he said. “So, it would better to allow a horse racetrack and betting and put the activities under control, rather than prohibiting the business and failing to collect … [Read more...] about Will Hanoi set up a horse racetrack and allow betting?
Horse racing commentator
Govt comments on draft betting rules Lan Nhi HANOI – The Government Office has announced Deputy Prime Minister Vuong Dinh Hue’s conclusion on a draft decree on betting on horse racing, dog racing and international soccer, which has been delayed for years. The draft went before the National Assembly (NA) Standing Committee a long time ago but has yet to be adopted as many issues remain to be improved. According to the announcement, the Ministry of Finance and the Ministry of Culture, Sports and Tourism are told to stick to the contents of the draft presented to the NA Standing Committee. No betting on international horse and dog races and no images of these races would be allowed while international soccer betting would be approved on a pilot basis for a period of five years. Points of sales must be no less than 500 meters from schools and public parks for children. Betting firms cannot decide when to start and end a bet. Those firms wanting to distribute tickets via … [Read more...] about Govt comments on draft betting rules
JERUSALEM, June 12, 2011 (AFP) - Bank of Israel Governor Stanley Fischer announced on Saturday he was in the race to become the next head of the International Monetary Fund. Fischer, 67, is a widely respected economist credited with successfully guiding Israel's economy through the global crisis. He is nevertheless something of a dark-horse candidate, as France's Christine Lagarde and Mexico's Agustin Carstens are generally considered the leading contenders. Israel's Finance Minister Yuval Steinitz said he would be backing Fischer's candidacy. "A unique, unplanned and possibly and once-in-a-lifetime opportunity has arisen to run for the head of the International Monetary Fund, which after consideration, I decided I wanted to pursue," Fischer said in a statement. "I believe I can contribute to the IMF and to the global economy in this period after the crisis," he said a day after the deadline for nominations closed. The job became vacant unexpectedly after Frenchman Dominique … [Read more...] about Israel’s Fischer in race for top IMF job
Recent stories describing the apparent determination of the Ministry of Construction to build a new Museum of National History in Hanoi point to a serious problem that has implications for the future of Vietnam. In the nearly ten years that I have been a contented expatriate resident of this beautiful and peaceful country, it has gone from being described as one of the Asian Tigers to a stagnating pond of missed opportunities. I am unable to explain the rationale for this but the results are apparent. A major point in the referenced articles has been the previous construction of the Hanoi Museum that was rushed to completion for the Hanoi Millennium Celebration in 2011 at a reported cost of US$133 million. The museum, from most accounts, seems to consist of a rather unattractive building with a few static exhibits and even fewer visitors. It does not sound like the people got much bang for their buck in this instance, and sadly, this is not an isolated instance. A few tourist … [Read more...] about Stop putting the cart before the horse
Electronic Music Performance Thu 06 Sep 2012, 9 pm Miix 61A Luong Ngoc Quyen Str, Hanoi You are invited to the premiere performance of Malaysia's Mushroom Buttons and T.K.I. supported by West Coast US producer and performer Nick Everett ' Unconventional Science on Thursday September 6. Expect a bone-crunching night of contemporary bass heavy grooves, glitch hop, hip hop, trap, dubstep and future garage, combining vintage twisted refits and originally produced tracks. This will be Takashi Aiman (T.K.I) and Jason Chee's (Mushroom Buttons) first performance in Vietnam, ably supported by Nick Everett (Unconventional Science) ' already a firm favourite on Hanoi's burgeoning underground bass scene ' who will kick the party off with an eclectic mix of the best in cutting-edge tunes. … [Read more...] about EVENTS SCHEDULED FOR SEPT. 1-15 (daily updated)