SBV official picked as new DongABank chairman

Thanh Thuong Vo Minh Tuan - PHOTO: BAOCONGTHUONG.COM.VN Nguyen Phuoc Thanh, deputy governor of the SBV, told the Daily on August 27 that the central bank sent Tuan to DongABank to serve as a board member replacing former general director Tran Phuong Binh. The board decided to pick Tuan as new chairman of DongABank after it approved a letter of resignation from Kiem. Tuan, 48, assumed the post of deputy head of the SBV’s credit department in September last year. Earlier, he served as deputy general director at Orient Commercial Bank (OCB). Tuan earned a Master’s degree in economics from a program conducted by the HCMC University of Economics in partnership with a Dutch partner and a bachelor degree in finance and credit from the Banking University of HCMC. Tuan worked at VietinBank from 1990 to 2013 and rose through the ranks at the bank before joining OCB. Kiem told DongABank’s general meeting late last month that he would resign for personal reasons, … [Read more...]

Russian specialists release scientific publication on modern Vietnam

A scientific publication on contemporary Vietnam will be released shortly to mark the 70th anniversary of National Day (September 2), newswire Vietnamplus reported Tuesday. The book, titled "Vietnam Today," includes the country’s historical milestones, latest political and financial systems, economic development, government policies, people and demographic background. Bilateral foreign diplomacy as well as culture, art and other remarkable achievements of Vietnam are also highlights of the book, published by a research center for Vietnam and ASEAN under the Russian Academy of Science (RUS). Another part of the publication focuses on several new challenges of Vietnam, especially the increased tension over territory in the East Vietnam Sea. "Vietnam Today," compiled by a group of leading Russian experts who specialize in researching the Southeast Asian country, is considered a practical scientific work which satisfies readers who are interested in modern Vietnam, … [Read more...]

Workshop marks 70th anniversary of August Revolution and National Day

It was said at a workshop to mark 70th anniversary of the August Revolution and the National Day organized by the Ho Chi Minh National Academy of Politics and Public Administration on August 28 in Hanoi. (VOV) -Vietnam needs to develop and strengthen its national intelligence to build the nation and further its achievement in the renovation process. The workshop’s presentations affirmed the great significance of the August Revolution and the establishment of the Democratic Republic of Vietnam. The participants, including researchers and scientists, said that it was essential to continue to promote patriotism and national solidarity. Dr. Le Quoc Ly, Deputy Head of the Ho Chi Minh National Academy of Politics and Public Administration, said, "After 30 years of renovation, it is necessary to further renovate and be consistent with national independence and socialism. We need to utilize national intelligence for national construction. Party leaders also need to improve the … [Read more...]

Vietnam-Russia ties will continue to strengthen

(VOV) -On January 30, 1950 the former Soviet Union, now Russia, was one of the first countries to recognize and establish diplomatic relations with Vietnam, laying the foundation for what has become a most dynamic and enduring relationship. In 2001 the two nations first formed a strategic alliance, which was subsequently, in 2012, further broadened to that of a more comprehensive partnership on a wide range of fronts. On the occasion of National Day (September 2), Vietnam Ambassador to Russia Nguyen Thanh Son sat down with a VOV reporter to discuss the current state of affairs between the two nations. Following are translated excerpts capturing the gist of the interview. VOV: As Ambassador to Russia, a large and powerful nation that has now re-emerged as a global power following the collapse of the Soviet Union, could you provide us insight into the current state of international relations? Ambassador Son: Russia and Vietnam are now celebrating their 65th anniversary of … [Read more...]

HCM City to host pro boxing tournament

(VOV) - The organizers have announced that 10 professional boxers are on the card to compete at a Vietnam-Korea Boxing Championship set for October 3 at the Nguyen Du Sports House in Ho Chi Minh City. According to the organizers, the event originated during the visit to HCM City by the General Secretary of the Korean Boxing Federation in July 2015, with the goal of supporting the amateur and professional development of the sport in Vietnam. Vietnamese boxers on the card include Nguyen Thi Thu Nhi, Luu Thi Duyen, Tran Van Thao, Nguyen Van Hai and Nguyen Ngoc Hai while RoK boxers are Chan Mi Lin, Sul Gi Jum, Yo Han Bae, Seung Hoon Lee, Dong Hee Kim. … [Read more...]

Contest on world heritages in Vietnam and ASEAN kicked off

A contest which encourages participants to discover world heritages in Vietnam and other ASEAN countries is open for submissions until late November, newswire Vietnamplus reported Tuesday. The contest, running from August 25 to November 23, aims to mark Vietnam’s 20th anniversary of ASEAN membership and welcome the establishment of the ASEAN Economic Community (AEC) at the end of this year. Nguyen Khac Loi, vice president of the Hanoi Department of Culture, Sports and Tourism, said that the competition aims to create a helpful, interesting playground for those who want to study more about the world heritages of Vietnam and other ASEAN countries. The contest, whose prize is up to VND100 million (US$4,660), allows participants to freely show off their creativity through many types of entries including essays, projects, documentaries, research, short films, graphic videos and photo essays. This is also a chance to promote tourism in the region, as well as collect numerous … [Read more...]

Vietnam shares rise for third day

Vietnamese shares extended gains for a third day yesterday, fueled by a sharp rebound of banks and energy companies, as well as a strong recovery in Asian and US markets. The benchmark VN-Index on the Hochiminh Stock Exchange rose 1.8 percent, to close the session at 555.81 points. On the Hanoi Stock Exchange, the HNX-Index also edged up 0.7 percent to end at 77.02 points. On the Hanoi Stock Exchange, the HNX-Index also edged up 0.7 percent to end at 77.02 points. "The Vietnamese market is still being affected by global financial volatility," said Nguyen Xuan Binh, an analyst at brokerage Bao Viet Securities Co. Global stock markets have bounced back from sharp declines at the beginning of this week. China's main stock index jumped 5.3 percent on August 27 after the Dow Jones Industrial Index gained almost 4 percent on the previous day, the highest jump in the past four years. However, the VN-Index is still down almost 10 percent since August 11, when China first devalued its … [Read more...]

Vietnamese cultural centre in Laos marks 20th anniversary

The Vietnamese Cultural Centre in Laos held a ceremony to celebrate its 20th founding anniversary on August 28 in Vientiane. Deputy Minister Vuong Duy Bien (R) presents certificates of merit to individuals and organisations for their contributions to the centre. Addressing the event, Lao Deputy Minister of Information, Culture and Tourism Buangan Saphuvong said the centre has served as a bridge to strengthening the traditional friendship, special solidarity and comprehensive cooperation between the two countries over the past 20 years. Additionally, the centre has contributed to popularising the Vietnamese language and culture among Lao officials and people as well as meeting the demand for information of the Vietnamese community in the country, he added. Vietnamese Deputy Minister of Culture, Sport and Tourism Vuong Duy Bien thanked the Lao government and people for creating favourable conditions for the centre to effectively operate over the past 20 years. He expressed his … [Read more...]

Photo exhibition highlighting air force soldiers kicked off

PANO - The Soldier Photography Club of the Ho Chi Minh City Photography Association in collaboration with Air Defence Division 367 of the Air Defence - Air Force Service opened the exhibition themed "Honoured to be air-force soldiers" on August 27th in celebration of the 70th anniversary of the August Revolution and the National Day (September 2nd). Visitors at the exhibition. Accordingly, the organizing board selected 70 excellent works from thousands of entries, featuring images of air force - air defence troops in their training for combat readiness and doing missions to help victims of natural disasters, to display at the event. Additionally, 30 photos about the history of the service were also on display at the event. These exhibits will contribute to encouraging the service's troops to be proud of their heroic traditions and ready to undertake and fulfill all assigned missions. The exhibition will last until September 6th. Translated by Chung Anh … [Read more...]

Irrigation sector urged to make progress

Progress should be made in the irrigation sector towards serving important Ministry of Agriculture and Rural Development (MARD) programmes, including those to restructure agriculture and build new-style rural areas, said MARD Minister Cao Duc Phat. Minister of Agriculture and Rural Development Cao Duc Phat addresses the ceremony. Speaking at a ceremony on August 28 to mark the 70th anniversary of the sector, the minister said it should work harder to respond to climate change – forecast to be one of the greatest challenges facing the world and Vietnam in particular. Over the past 70 years, the irrigation sector has made significant achievements including building 13 major systems ensuring water for nearly 324,000 hectares of farmland. Thousands of irrigation projects have been carried out nationwide with 6,886 reservoirs, 10,000 large stations and 5,500 main sewers, 234,000 kilometres of canals and 25,960 kilometres of dykes. Irrigation systems supply water to 7.3 million … [Read more...]

Exhibition of Vietnam’s auxiliary industries launched

PANO - The Ministry of Trade and Industry, in association with the Ho Chi Minh City People's Committee, launched the 2nd Vietnam International Auxiliary Industries Exhibition 2015 on August 27th, at the Tan Binh Exhibition and Conventional Centre in the city. Delegates cutting the ribbon to open the exhibition. Photo: VNA The three-day event this year drew the participation of 220 booths from 140 domestic and overseas businesses covering various fields such as electrical engineering and information technology, mechanical designs, auto manufacturing, high-tech products, and more. Additionally, the event introduced the governmental and local policies on developing auxiliary industries and product marketing to international partners. On this occasion, the city's authorities announced the foundation of the Centre For Auxiliary Industries' Development of the city's Department of Trade and Industry. Translated by Anh Tien … [Read more...]

Defence mission inspects training for national celebration

PANO - Lieutenant General Nguyen Trong Nghia, Deputy Director of the General Department of Politics of the Vietnam People's Army, on August 27th visited troops to participate in the celebration of the National Day at Division 325 of Army Corps 2. Lt. Gen. Nguyen Trong Nghia (3rd from left) hands over flower to the corps' commanders. On behalf of the department's leaders, General Nghia praised the unit's commanders for their wise leadership, contributing to ensuring the effectiveness of and safety for the mission. In addition, the senior officer urged the units' participating troops to fully understand their training content and promote the spirit of solidarity and determination to fulfill the assigned mission. He also stressed that the corps's constituent units should pay close attention to ensure the provision of enough food and good healthcare for the participants, contributing to the success of the anniversary celebration. Translated by Anh Tien … [Read more...]

Cambodia pledges to actively contribute to ASEAN

Cambodia stands ready and is committed to implement the post-2015 vision as ASEAN remains as an important cornerstone of Cambodia's foreign policy, according to Ambassador Norng Sakal, Cambodian Permanent Representative to ASEAN. Ambassador Norng Sakal, Cambodian Permanent Representative to ASEAN (Source:unu.edu) Ambassador Sakal made the statement at a ceremony held in Jakarta on August 27 to present his letter of Credentials to ASEAN Secretary General Le Luong Minh. Recognising the prevailing challenges to realising the ASEAN Community by the end of this year, both Secretary General Minh and Ambassador Sakal held the belief that ASEAN will need to exert greater efforts to overcome obstacles in implementing the remaining measures under the Roadmap for an ASEAN Community (2009-2015). They also agreed that the Committee of Permanent Representatives (CPR) and the ASEAN Secretariat should continue to work closely to ensure effective and timely implementation of relevant Secretariat … [Read more...]

August Revolution: Victory of the great national unity

PANO – The success of the August Revolution in 1945 was made possible thanks to the fact that the Party and President Ho Chi Minh successfully implemented the guidelines of national unity, uniting all patriotic forces regardless of their religions, political beliefs, and social strata. People from all walks of life came together and drove away the French colonialists and Japanese fascists, overthrew the colonial regime, and regained power bringing independence to the nation. The success of the August Revolution represents the success of the great national unity in seizing the opportunity, liberating the nation from invaders and emancipating social classes and society. For all that, some still intentionally distort the nature and significance of this historical and historic event. Without proper understanding of the fact that the whole nation gathered in the great national unity under the leadership of the Party, some still believe that the revolution happened due to the … [Read more...]

Chief of General Staff welcomed by Lao PM

PANO - Lao Prime Minister Thongsing Thammavong received Senior Lieutenant General Do Ba Ty, Chief of the General Staff of the Vietnam People's Army (VPA), and his entourage on August 27th during the high-raking Vietnamese military delegation's visit to Laos. Lao Prime Minister Thongsing Thammavong (R) receiving Senior Lieutenant General Do Ba Ty. At the reception, the guest briefed the Lao PM on the results of the talks between the two military delegations and affirmed that the bilateral defence cooperation has seen remarkable development over the past time, considerably contributing to enhancing the bilateral relationship. He noted that Vietnam's Party and VPA have always attached great importance to the comprehensive cooperation with Laos, in which the defence cooperation is the significant pillar of the two countries' special friendship. For his part, the host thanked the support of Vietnam's Party, State and people for Lao people in the past, and hoped that the two sides would … [Read more...]

President’s decision on amnesty announced

The President’s Decision on Amnesty was announced at a press conference in Hanoi on August 28 on the occasion of the 70th anniversary of the August Revolution (August 19) and National Day (September 2). Accordingly, 18,298 inmates serving jail terms and eligible for amnesty according to State law are set to be freed ahead of their scheduled release dates, whilst 241 others whose sentences have been delayed or suspended are being pardoned. Deputy Prime Minister Nguyen Xuan Phuc meets prisoners in Xuan Loc prison in the southern province of Dong Nai. The decision will take effect on August 31, ensuring publicity, transparency, equality and democracy. Standing Vice Chairman of the President’s Office Giang Son said the Vietnamese Party and State have granted a number of amnesties to prisoners performing positive rehabilitation to reintegrate into the community as well as those whose sentences have been delayed or suspended. The policy of the Vietnamese Party and State is … [Read more...]

Vietnamese bank supports ocular surgery for Lao veterans

PANO - Seventy Lao veterans and poor people recently received free ocular surgery at the Ho Chi Minh City Eye Hospital, with the support of US $48,000 from the Vietnam Joint-Stock Commercial Bank for Industry and Trade (VietinBank). At the event. The activity, also jointly organized by the Ho Chi Minh City Veterans’ Association and the Vientiane Capital Veterans’ Association, aimed to consolidate the Vietnam-Laos friendship. Associate Professor Doctor Tran Anh Tuan, Director of the Ho Chi Minh City Eye Hospital, thanked the relevant organizations for their support that helped the hospital to carry out these operations. VietinBank is a large-scale Vietnamese commercial bank and is known as a modern, prestigious bank in the worldwide payment system. It has been expanding its network internationally, including to Laos with VietinBank Laos. Translated by Mai Huong … [Read more...]

Tay, Nung ethnic groups celebrate motherhood

The Tay and Nung ethnic minority groups in northern mountainous province of Cao Bang are celebrating their traditional Pay Tai festival on August 28 to honour their mothers’ love and sacrifices. Ingredients to make gai "Peng Tay" cakes. The annual festival, which takes place on the second and fifteenth day of the first and seventh lunar months, is an opportunity for family relatives to reunite and enjoy traditional local dishes together. Tay and Nung ethnic women and their husbands bring gifts to their mothers, including ducks – a mascot for Tay and Nung ethnic minorities – and ten "Peng Tai" gai cakes (glutinous rice cakes dyed black and wrapped in leaves). Vuong Hung, 85, an expert in Cao Bang folk culture who is also from the Tay ethnic minority in the province, said the festival aims to celebrate the current crop harvest and pray for fruitful future crops. For most Vietnamese people, the fifteenth day of the seventh lunar month is also a time to celebrate … [Read more...]

Residents affected by Son La power plant see improved livelihood

More than 100,000 residents displaced by the Son La hydroelectric power plant have improved livelihoods at their new settlements, according to reports released at a meeting held by the State Steering Committee of the Son La – Lai Chau hydroelectric plant project. The meeting, which was presided over by Deputy Prime Minister Hoang Trung Hai on August 27 in Muong Lay town in the northwest province of Dien Bien, aimed to review the implementation of the Son La and Lai Chau hydroelectric plants. Deputy PM Hoang Trung Hai (3rd from right) presents gift to a family at the resettlement in Dien Bien province. After being relocated to new settlements, the incomes of residents tripled and the poverty rate is now far below the average level in Dien Bien province. The Deputy PM urged relevant ministries and sectors to review the completion progress of component projects to shift focus to the ‘Stabilising residents and social-economic development of the resettlements’ … [Read more...]

Coast Guard ship successfully tows ashore distressed trawler

PANO - The Coast Guard ship No. 4032 of the Region 2 Coast Guard Command finally towed the troubled trawler QNg 96507 TS ashore and handed it over to the border guard of Quy Nhon city, Binh Dinh province in the afternoon of August 27th, after 38 hours struggling with strong winds and waves. The Coast Guard ship No. 4032 towing distressed trawler QNg 96507 TS. Earlier, at 5:55pm on August 25th, the command was called on by the Maritime Search and Rescue Coordination Centre of Region 2 to rescue the sinking trawler QNg 96507 TS, captained by Nguyen Loi of Ly son Island district, Quang Ngai province, due to engine failure. Trying to fix the problem, the captain and two of the fourteen sailors on board the troubled trawler were injured. Immediately after receiving the command’s order, the Coast Guard ship No. 4032, which was on duty 0.8 nautical miles northeast of Dai Lanh Cape, rushed to the scene. At 5.30 am on August 26th, the ship approached the troubled trawler at its … [Read more...]