Ha Noi opens waste treatment factory

A waste treatment plant opened on Thursday in Dan Phuong District's Phuong Dinh Commune in Ha Noi. The plant, which uses Martin technology from Germany, combusts waste to produce power. It has a total investment of VND270 billion (US$12.2 million) and a processing capacity of 300 tonnes of waste per day. The plant is expected to meet demand for waste treatment in Dan Phuong, Hoai Duc and Quoc Oai districts and in industrial parks and craft villages. NHAN DAN (THE PEOPLE) Number of tourists to city on the rise HCM City welcomed 334,353 tourists in August, an increase of 8 per cent over the same period last year. The number of foreign tourists to the city reached 2.83 million in the first eight months of the year, a rise of 8 per cent year-on-year, according to Thai Van Re, director of the city's Department of Planning and Investment. The city has earned VND60.7 trillion ($2.7 billion) from tourism since the beginning of the year, an increase of 4 per cent over the same period last … [Read more...]

The right wages are the key to satisfaction, development

Vice President of the Viet Nam Chamber of Commerce and Industry (VCCI), Hoang Quang Phong, talks with Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) about the effect of the minimum wage rise. Can you explain why the Viet Nam General Confederation of Labour, at the National Wage Council's first working session earlier this month, said that a regional minimum wage rise of 10 per cent proposed by VCCI could not meet the needs of labourers? The VCCI's first proposed wage increase was six to seven per cent. This is a reasonable rise, which properly demonstrates enterprises' competitiveness. However, after further discussions and after taking into account other factors affecting employ-ee's living standards, the VCCI decided to put forward a minimum wage increase of 10 per cent. A 10 per cent rise in the minimum wage will help enterprises ensure their survival and make sustainable development, thus creating more jobs. A recent survey by the VCCI shows that enterprises are facing many … [Read more...]

Import-export laws changed as VN adjusts to int’l rules

Pham Thanh Binh, a representative from USAID Governance for Inclusive Growth (USAID GIG) talks to Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times) about adjustments made to import and export laws. Are amendments to export and import tax laws necessary? After 10 years of implementation of the laws, amendments are truly essential if Vietnam is to meet requirements for development and international integration. Viet Nam has joined several free trade agreements (FTAs) in the past few years, which means the country will have to follow international rules in order to participate equally in the world market. Besides, the amendment could support the Government's resolutions on business and environmental reform, and increase our nation's competitiveness. Drafts of the two laws are up for public comment. Do you think the offered adjustments will work in reality? The adjustments generally seem like they will lift obstacles that have burdened businesses for a long time. However, the … [Read more...]

Credit growth rises over 8%

Nguyen Tien Dong, head of the Credit Department at the State Bank of Viet Nam talks with Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) about credit allocation. Could you explain more about credit growth? Total bank credit growth in Viet Nam reached 8.3 per cent in August compared to same period last year. The highest growth of 19 to 20 per cent was registered in lending to businesses applying hi-technology. This was followed by 10.9 per cent growth in the property sector and 8.6 per cent in the agricultural sector. Recently, some people said that the State Bank of Viet Nam had permitted commercial banks to expand total credit to try and reduce the ratio of non-performing loans. What is your comment? This is a baseless assumption. Under regulations, commercial banks whose ratio of non-performing loans exceeds three per cent of the total outstanding loan won't be permitted to increase credit. More credit was given to commercial banks having bad debts amounting to about one per … [Read more...]

Provinces to tackle dengue fever

The Ministry of Health has asked provincial health departments across the country to promote dengue fever control and prevention measures among households and businesses. More than 19,700 dengue fever cases in 47 cities and provinces have occurred this year, a year-on-year drop of 32.2 percent. Twelve people have died. The cities and provinces with the highest number of cases include Khanh Hoa, Dong Nai, Binh Duong, Ba Ria-Vung Tau, HCM City, Soc Trang, Long An, Dong Thap, An Giang and Dak Nong. Nhan Dan (The People) Viet Nam's export turnover rises 9.5 per cent Viet Nam's export turnover reached US$92.3 billion in the first seven months of this year, an increase of 9.5 per cent compared to the same period last year, according to the Ministry of Industry and Trade. Of the figure, domestic businesses earned $27.6 billion, a year-on-year fall of 1.7 per cent. The export revenue of seafood, coffee and rice fell by 15 per cent, 33 per cent, and 8.7 per cent, respectively. Nguoi Lao … [Read more...]

Ban lifted on Australian fruit

Viet Nam is set to resume import of oranges, mandarins and grapes from Australia on August 1, seven months after it stopped buying Australian fruits due to a fruit fly outbreak there. Hoang Trung, deputy head of the Plant Protection Department, said Vietnamese agencies, through inspection trips to Australia, had found that the three fruits met plant quarantine conditions. Another 35 Australian fruits remain in the black list and Viet Nam has yet to make a decision about allowing them in again, he said. Thanh Nien (Young People) Women's Union holds jobs fair The HCM City Women's Union on Wednesday inaugurated the Seventh Women's Job Festival and the 2015 Launching Viet Nam Products Festival at the Le Thi Rieng Cultural Park, District 10. The festivals have attracted nearly 30 companies, who are seeking to hire more than 4,000 workers in various fields and provide vocational training for poor women. The festivals will go on until July 26. Nguoi Lao Dong (Labourer) Local products … [Read more...]

VN students win gold at math Olympiad

Vu Xuan Trung and Nguyen The Hoan from high schools in Ha Noi and Thai Binh Province won gold medals at the International Mathematics Olympiad (IMO) in Chiang Mai, Thailand, yesterday, according to the Ministry of Education and Training. The ministry sent six students to the contest, and all of them have won top prizes. The IMO, a world mathematics competition for high school students, is held in a different country every year. The first IMO was held in 1959 in Romania, with seven countries participating. This year the event attracted countries like Australia, Canada, India, the UK, and the US. Thanh Nien (Young People) H1 trade deficit tops $3b The June trade deficit of US$140 million took Viet Nam's first half deficit to US$3 billion, the General Department of Viet Nam Customs reported on Wednesday (July 15). In the period imports rose 16.7 per cent year-on-year to $80.8 billion. In June exports rose by 4.6 per cent month-on-month to $14.3 billion even as imports edged down to … [Read more...]

Thua Thien-Hue supports ethnic groups

The Thua Thien- Hue Province People's Committee has approved a plan to support housing land, farming land and clean water for poor and near-poor ethnic households in especially difficult villages in 2015. Poor and near-poor ethnic households who have not provided with housing land, farming land and clean water will benefit from the plan. Under the plan, each household will be allotted a minimum of 200sq.m of housing land. Households that cannot access a water supply system will be given VND1.3 million (US$60) each to build a water tank and dig wells. Nhan Dan (The People) Illegal sand mining causes river erosion Eight newly eroded sites along rivers and canals have been identified in HCM City's outlying districts since May, according to the HCM City Inland Waterway Authority. Cu Chi District accounts for four of the eroded sites while Can Gio, Nha Be, Thu Duc and 2 districts each account for one site. Illegal sand mining was the cause of erosion. The city has a total of 45 … [Read more...]

Property sales up in first half

The Housing and Real Estate Market Management Department said there were 14,000 successful housing transactions in the country in the first half of the year. Ha Noi saw some 1,650 transactions in May, up 5 per cent from April, and that rose to 1,750 in June. The capital should thus record around 7,500 transactions in the first half, a 2.5-fold increase from the first half of 2014. In HCM City, there were more than 1,600 transactions in May, nearly 6 per cent higher than in April, and June numbers are estimated at 1,700. Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times) HCM City hosts seminar on treating anemia A seminar on the latest advances in treatment of anaemia due to chronic kidney disease was held recently in HCM City by the HCM City Nephrology Association in co-operation with Hoffmann – La Roche. Doctors pointed out the importance of anaemia management in the early stages of chronic kidney disease and diabetic nephropathy and said anemia should be treated early … [Read more...]

Cooking gas price drops by VND3,500

The Southern Gas Branch has announced that its business members have reduced the retail price of gas by VND3,500 per 12-kilo container from July 1, due to the global gas price dropping by US$12.5 per tonne. The highest retail price of common cooking gas is H-gas, selling for VND268,500; Saigon Petro VND285,000; PetroVietnam Gas VND287,000; Petrolimex VND292,500; and VT-Gas 295,500. Nguoi Lao Dong (Labourer) Bac Giang sells 85 per cent of litchi output Tran Van Loc, director of Bac Giang Province's Department of Industrial and Trade, said the province had sold 159,500 tonnes of litchi, accounting for 85 per cent of the total output. Of the amount, 84,000 tonnes were bought in the domestic market, the remaining was exported, including to markets in China, the US, France, Australia, England, Malaysia, and Laos. Luc Ngan District, the largest litchi area of the province, is still in the harvest season. Its production is estimated to reach 118,500 tonnes. Tin Tuc (News) Mega-project … [Read more...]

New law aims to protect best interests of children: official

Dao Hong Lan, Deputy Minister of Labour, Invalids and Social Affairs explained to the newspaper "Thoi bao Kinh te Viet Nam" (Vietnam Economic Times) the process of revising the Law on Child Protection. * What are the most important points contained in the draft revised law? It is proposed that the name of the law be changed to the Law for Children. It will have five chapters, one more than the current law. A major change in the draft law is the definition of a child as a person under 18, not 16 as defined in the 2014 law. In the 2014 Law on Child Protection, Care and Education, neither the participation rights of a child is comprehensively or specifically covered, nor solutions or measures to ensure their rights are implemented. But the draft law dedicates one chapter on the child's rights and measures to ensure rights are respected and implemented. The chapter is a step to institutionalise the words in the 2013 Constitution: "Children have the right to participate in children's … [Read more...]

Korean firms eye Thanh Hoa investment

Representatives of the Korea Chamber of Commerce and Industry, Korea Trade Centre, and Korean businesses held a meeting with Vietnamese business executives in Thanh Hoa Province on Wednesday. It was aimed at helping businesses from the two countries find partners and explore investment opportunities in the province for Korean businesses. The two sides also signed a memorandum for developing bilateral trade co-operation. DAU TU (VIET NAM INVESTMENT REVIEW) City to reward outstanding young citizens The HCM City Communist Youth Union has announced its annual Young Citizen Award for people with outstanding achievements in the fields of education, technology, arts and culture, military, and social work. People under 30 who work and live in the city are eligible for the awards. Candidates can send their nominations to the union in District 1 by October 9. TUOI TRE (YOUTH) More than 1m people get free healthcare More than 1 million people across the country have received free health … [Read more...]

Authorities adopt an ‘iron fist’ in effort to tackle smuggling

Minister of Public Security Tran Dai Quang talks with Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times) about anti-smuggling activities. In recent years, police, army and customs have been fighting smuggling, trade fraud, and fake products. But results have not been as good as expected. How do you evaluate the situation? Fights against smuggling, trade fraud and fake goods are considered one of the Government's most important tasks. In recent years, they have made some achievements. However, the trade in smuggled and copied goods - especially petrol, coal, cigarettes, sugar, diet supplements and electronic products - is still rampant. Criminals have become more and more artful. They set up big organisations in key regions that are difficult to root out. I believe that to make more progress, the fight should be strengthened with well-trained anti-smuggling forces using high technology equipment. Do you think police have performed their role well? Our priority is to complete … [Read more...]

HCM City to intensify traffic-safety

The HCM City People's Committee has asked departments and agencies to take steps to reduce the number of traffic accidents, fatalities and injuries by the end of this year. The Transport and Police departments will work with district People's Committees to check traffic congestion, repair traffic lights and install more cameras on streets. According to the city's Traffic Safety Board, more than 1,400 traffic accidents occurred in the first five months of 2015. Of that number, 293 died and 1,270 were injured. Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) Bridge to connect Nha Be and Can Gio A cable-stayed bridge connecting HCM City's outlying districts of Nha Be and Can Gio is planned to be built this August, and completed within 47 months. The construction is part of Ben Luc – Long Thanh expressway project, running through Long An Province, HCM City and Dong Nai Province. It is 2.7 kilometres in length and 21.75 metres wide, and will have four lanes. Total investment … [Read more...]

Ca Mau helps fishermen to build ships

HCM CITY (VNS) — The southernmost province of Ca Mau is simplifying procedures to allow fishermen to access bank loans to build fishing boats. "The Government's Decree No 67 says that financial support will be provided to fishermen to upgrade or make new boats. There will also be policies to assist people in aquaculture," Do Chi Sy, head of the provincial Marine Resource Protection and Exploitation Sub-department, was quoted as saying in the Thoi Bao Kinh Te Viet Nam (Viet Nam Economics Times) newspaper. However, if fishermen want loans, they must provide at least 30 per cent of capital for wooden boats or 10 per cent for steel boats (VND2.5-3 billion or US$120,000- 145,000). "This is a huge amount of money for fishermen. Therefore, the number of those who want to upgrade or make new boats have fallen from 360 people early this year to around 100," Sy said. To support the fishermen, the provincial People's Committee has asked the Steering Committee, in co-operation with … [Read more...]

MOIT, experts disagree on bauxite projects

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) has said the Tan Rai and Nhan Co bauxite projects are highly efficient, but scientists say they will cause serious consequences. MOIT’s Minister Vu Huy Hoang, in a report to the ongoing National Assembly session, said that the bauxite projects in the Central Highlands were running smoothly as planned. The Tan Rai bauxite project has been reported as gaining the expected socio-economic efficiency and satisfying environmental requirements. Thoi Bao Kinh Te Viet Nam quoted Hoang as reporting that worries about the red mud treatment have been lifted as the environmental indexes are all below the permitted levels. The newspaper also quoted Hoang as saying that the products of the Tan Rai alumina factory are sold as soon as they are produced. There has been no inventory to stock. The majority of the factory’s products have been exported. The investor has signed contracts on selling alumina with 11 clients from … [Read more...]

Road fee hike raises complaints

Transport enterprises oppose the Ministry of Transport's decision to raise fees on the HCM City–Trung Luong Highway by 50 per cent from June 1. Two flyovers on the highway have not been built due to a lack of capital. One flyover would run from provincial road No 10B and another from Tran Dai Nghia road to Tan Tao–Cho Dem. The new fees would be applied from June 1 to August 31, 2018. Fees for cars with less than 12 seats will increase from VND40,000 (US$2) to VND60,000 ($2.5). For 12-seat to 30-seat buses, the fee will rise from VND60,000 ($3) – VND90,000 ($4.5). Fees for trucks over 18 tonnes with 40-feet containers will increase from VND240,000 ($12) to VND360,000 ($18). According to estimates from the Ministry of Transport, the increased fee would bring VND620 billion ($30 million), along with VND325 billion ($15.5 million) from selling fee collection rights to the Yen Khanh Trade–Production–Service Ltd company. That would be enough to pay for … [Read more...]

Vietnam materials industry urged to reduce reliance

Pham Xuan Duong, deputy head of the Party's Central Committee’s Economic Commission, told Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) why the country spends so much on imports. Q: A lot has been said about the issue that Vietnam depends too much on imported materials for local production. There is no proper answer to the problem. Can you explain the situation? A: Studies indicate that sectors including energy and mechanics already have their own development plans and strategies. For instance the power sector has been able to satisfy the country's demand for local production and consumption, thanks to a resolution made by the Political Bureau and a scheme launched by the government. However, we don't have a specific development strategy for the materials manufacturing sector, but only a general strategy, mainly for the construction materials sector such as cement and steel. This is why we have to import a lot of materials. Our recent survey showed that factories … [Read more...]

Vietnam boosts labour exports

VietNamNet Bridge – Viet Nam aims to send 90,000 guest workers abroad in 2015, deputy director of the Overseas Labour Management Department Tong Hai Nam told Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times). Illustrative image -- File photo Last year was a successful year for Vietnam in sending guest workers abroad. Will you please explain why? In 2014, although the world's economy still faced many difficulties, the number of Vietnamese guest workers working abroad increased in a big way, particularly to Japan and Taiwan. Vietnamese guest workers have improved their skills considerably - and their knowledge of foreign languages and discipline. In addition, the Government has made some adjustments in policies to enable more guest workers go abroad. Due to the prolonged economic crisis, the demand for foreign guest workers in many countries in 2014 was low. This led to fierce competition among labour-export countries. Viet Nam also faced some problems with guest workers. … [Read more...]