Tan Cang–Thot Not port opens

Sai Gon Newport Corporation inaugurated the first phase of Tan Cang – Thot Not port on Thursday in the southern city of Can Tho. The port has a 75m-long wharf which can berth ships weighing up to 2,000 DWT, a 90m-long barge dock which can receive barges weighing up to 1,000 tonnes, and a 1.1ha storage space. Tan Cang – Thot Not port is an important part of the corporation's shipping system in the Cuu Long (Mekong) Delta region. SAI GON GIAI PHONG (LIBERATED SAI GON) Quang Tri to build economic zone Prime Minister Nguyen Tan Dung has approved a plan to build an economic zone in the central province of Quang Tri, according to the provincial People's Committee on Thursday. The 23,792ha economic zone encompasses 17 communes and towns of Trieu Phong, Hai Lang and Gio Linh districts. The economic zone is expected to have functional areas like an industrial park, administrative centre, residential areas, tourist areas, service areas and ports. THANH NIEN (YOUNG … [Read more...]

Number of domestic violence cases declines

The number of domestic violence cases reported in Viet Nam has steadily fallen over the last few years, with the number dropping by 3,500 in the first six months of the year compared to the same period last year, according to figures released by the Family Department under the Ministry of Culture, Sports and Tourism. Last year, nearly 22,000 cases of domestic violence were reported, a fall from nearly 41,000 cases in 2012. Domestic violence was responsible for 80 per cent of divorce cases, said Pham Quoc Nhat, an official of the Family Department. Tuoi Tre (Youth) 52.9 million people employed in Q3 The number of employed people totalled 52.9 million in the third quarter of the year, an increase of 0.81 per cent compared to the second quarter, according to the Institute of Labour Science and Social Affairs under the Ministry of Labour, Invalids and Social Affairs. The figure is estimated to reach 53.9 million in the fourth quarter. Job vacancies in businesses are expected to grow … [Read more...]

PM approves conservation project

Prime Minister Nguyen Tan Dung has approved the third phase of the project on conservation and management of natural resources at Phong Nha-Ke Bang National Forest in the north-central coastal province of Quang Binh. The capital for the two-year project (2015-2016) amounts to US$2.4 million, including $2.1 million from official development assistance from Germany. Nhan Dan (The People) Mien Dong Station has 1,000 fewer buses Only 3,000 buses now operate from the Mien Dong Bus Station in HCM City to provinces in eastern, central, northern and Tay Nguyen (Central Highlands), a decrease of more than 1,000 compared to 2010, according to Thuong Thanh Hai, the station's deputy general director. Many transport companies have set up their own stations in the city's inner districts, or pick up passengers at their homes. Tuoi Tre (Youth) Chain-based production helps tra fish yield Thanks to chain-based production, the total yield of tra fish in the Cuu Long (Mekong) Delta region in the … [Read more...]

Province to use global, Vietnamese GAP

The Mekong Delta province of Tien Giang plans to increase the application of global and Vietnamese Good Agricultural Practices (GAP) in fruit production. The province's Department of Agriculture and Rural Development also plans to produce high quality seedlings. Disease forecasting and guidance for preventive methods against diseases also will be enhanced. The province has the country's largest fruit farming area of more than 72,000 hectares. Nhan Dan (The People) Dengue fever reaches 53,000 cases As many as 53,000 dengue fever cases were reported in 54 of the country's 63 provinces and cities in the first 10 months of the year, according to the Preventive Health Department under the Ministry of Health. Of these, 34 people died. HCM City, Dong Nai, Binh Duong and Khanh Hoa provinces, and Ha Noi recorded the highest number of cases. This year could be the beginning of the typical dengue fever cycle in which the number of cases increases greatly and then diminishes over a 10-year … [Read more...]

Businesses dealt a blow because of dollar speculation

VietNamNet Bridge - The dollar price has cooled down after climbing when the State Bank announced the dong devaluation of one percent in August, having dealt a blow to businesses which hoarded dollars in anticipation of a continued dollar price hike. The dollar price decrease is attributed to the State Bank’s Circular No 15 dated October 2 which set regulations for foreign currency transactions between credit institutions and customers. The circular, which took effect on October 3, stipulates that commercial banks can sell foreign currencies to institutions under spot delivery contracts, if buyers need foreign currencies to make payment within two working days. If buyers want foreign currencies for the payment in three or more days, they will have to buy foreign currencies under forward contracts. With the new regulation, the central bank aims to disperse the foreign currency demand to ease the pressure on the market. If everyone rushes to buy dollars, the high demand would … [Read more...]

Binh Duong targets 5 million tourists

The southern province of Binh Duong targets 5 million visitors, including 43,000 international visitors, by the end of this year, according to the province's Department of Culture, Sports and Tourism. The province's tourism revenue is estimated to reach VND2.2 trillion (US$97.8 million) by the end of this year. The province targets tourism revenue of VND4.45 trillion ($197.8 million) by 2020, according to the department. SAI GON GIAI PHONG (LIBERATED SAI GON) Imports, exports to reach $370b next year Viet Nam's total exports and imports are expected to reach $370 billion next year, a rise of 10 per cent year-on-year. Of the figure, exports account for $182 billion and imports $188 billion. Exports and imports reached $120.7 billion and $124.6 billion, respectively, in the first nine months of this year, a rise of 9.6 per cent and nearly 16 per cent, respectively, over the same period last year. DAU TU (VIETNAM INVESTMENT REVIEW) MOLISA proposes nine-day Tet 2016 holiday The … [Read more...]

State acts on housing projects

Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times) talks with Nguyen Chi Dung, vice director of the capital's Construction Department, about slow progress on new housing developments. Could you explain the purpose of re-viewing projects in new residential areas and housing development in the capital city? In the last few years, the real estate market has been facing many difficulties due to the world and domestic economic slowdown. The municipal People's Committee has asked relevant offices and district authorities to review projects on new residential areas and housing developments in the city. The review aims at evaluating the projects and strengthening State management of the housing and real estate market. At present, many projects are behind schedule. Do you know why? Many projects were suspended for re-planning after the capital city's administration boundaries were enlarged several years ago. After the master planning of the enlarged city was approved, several projects … [Read more...]

US companies want to export fiber to VN

Representatives of US enterprises who met in HCM City recently said they wanted to supply materials for the garment and textiles industry in Viet Nam. The Frontier Company, which has five fiber factories in US with a capacity of 10 million tonnes of fiber a week, exports to American and European markets. More than 80 per cent of Viet Nam's fiber used in the industry is imported from China and India. Sai Gon Giai Phong (Liberated Sai Gon) Thua Thien–Hue industry attracts investors During the first nine months of this year, industrial parks in Thua Thien–Hue attracted eight investment projects and 11 projects registered to increase their investment capital. The investment is estimated at VND3.3 trillion (US$146.6 million). The industrial parks have attracted 94 investment projects with total funds of VND22.9 trillion (over $1 billion). Three other projects worth VND700 billion ($31.1 million) are under consideration by the province. Thoi Bao Kinh Te Viet Nam (Viet Nam … [Read more...]

Dong Nai attracts $1.8b worth of FDI

According to the southern province of Dong Nai's Department of Planning and Investment, the province attracted $1.83 billion worth of foreign direct investment (FDI) in the first nine months of this year, a rise of 54 per cent over the same period last year and 183.5 per cent of the year's target. Of the figure, 78 new projects were licensed with total registered capital of more than $1.35 billion, and 77 projects have added capital of $483 million. THOI BAO KINH TE VIET NAM (VIETNAM ECONOMIC TIMES) Can Tho sets up tourism development centre Can Tho has opened a Tourism Development Centre separate from the Can Tho Investment Trade Tourism Promotion Centre, the city's vice chairman Le Van Tam said on Wednesday. The centre is located at 98 Phan Dinh Phung Street in Ninh Kieu District. It is under the management of the Mekong Delta city's Department of Culture, Sports and Tourism. According to Nguyen Hoang On, director of the centre, said travel firms in the city served more than … [Read more...]

HCM City has 24 gridlock-prone points

HCM City has 24 spots highly prone to traffic jams, the HCM City Traffic Safety Committee said on Tuesday. To resolve this, besides the Department of Transport and traffic police, district administrations should also prevent the encroachment of roads and pavements in front of public places like hospitals, schools and markets, Bui Xuan Cuong, director of the department, said. The department has been speeding up transport works like the Rach Chiec Bridge and Hong Ha and Bach Dang roads. Tuoi Tre (Youth) Ca Mau lifts Khmer homes out of poverty Nearly 1,200 poor Khmer households in the Cuu Long (Mekong) Delta province of Ca Mau have escaped poverty since 2011, according to the province's Ethnic Minority Affairs Committee. Local authorities have taken many measures like providing vocational training and soft loans to poor Khmer households and housing and farming land for more than 1,400 families. Ca Mau has more than 7,800 Khmer families. Nhan Dan (The People) Gov't projects help … [Read more...]

Buon Ma Thuot’s six-lane road begins

Construction started on Thursday (Sept 24) on the six-lane Dong Tay (East West) road, the most modern of its kind in Buon Ma Thuot in the Central Highlands province of Dak Lak. With a length of 6,900 metres, the road starts at the Le Duan – Dinh Tien Hoang intersection. The road connects with National Road 27, which leads to the Buon Ma Thuot airport. With total investment of VND998 billion (US$44 million), the road with a width of more than 58 metres, is invested in by Buon Ma Thuot City's People's Committee, which is expected to be finished after 32 months of construction. NHAN DAN (THE PEOPLE) Binh Dinh sets up coconut association The central province of Binh Dinh's People's Committee has issued a decision to establish the Hoai Nhon Coconut Association, which has been approved by the province's Department of Home Affairs. It will be under the management of Hoai Nhon District's People' Committee. The association aims to strengthen linkages among businesses, organisations … [Read more...]

Phu Quoc Airport to be leased to Vietnamese businesses only

VietNamNet Bridge - The Phu Quoc International Airport will be leased to Vietnamese businesses under operation and maintenance contracts for 30 years. The biggest change in the project on leasing the airport of ACV (Airports Corporation of Vietnam) is that the concept ‘commercial concession’ has been replaced by ‘leasing’, according to Thoi Bao Kinh Te Viet Nam. Phu Quoc Airport now ranks fifth of all airports in Vietnam in terms of revenue. Earlier this year, the Ministry of Transport (MOT) announced it was considering offering concessions to investors in Phu Quoc airport and part of Noi Bai airport in an aim to attract capital to other airport projects. This was part of a plan to call for public capital to develop airport infrastructure. Meanwhile, MOT, in a document to the Communist Party’s Politburo in May 2015, the word ‘commercial concession’ was still used. Explaining the change, an expert said that "leasing" was the right word … [Read more...]

Long An registers 660 new businesses

In the first eight months of this year, Long An Province registered 660 businesses, with total investment capital of VND7.5 trillion (US$330 million). It saw an increase of 193 businesses and VND4.4 trillion ($200 million) compared to the same period last year. During the same period, the province issued investment licences for 52 domestic projects with total capital of VND5.8 trillion ($263 million). Dau Tu (Viet Nam Investment Review) More than 27,000 join literacy classes In the 2014-15 academic year, as many as 27,000 people nationwide joined literacy classes and 12,786 people continue studies afterwards, according to meeting held by the Ministry of Education and Training and Viet Nam Study Encouragement Association on Tuesday in Ha Noi. The literacy rate for people aged 15-35 was 98.69 per cent; aged 15-60 was 97.73 per cent. In the coming time, the ministry will continue to ask localities to promote literacy in remote and disadvantaged areas. Nhan Dan … [Read more...]

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...]