Ho Chi Minh City apartment sales up 47 percent in Q4

Photo: winta.com.vn Total apartment sales in Ho Chi Minh City reached nearly 7,700 units in the fourth quarter of 2015, up 47 percent from the previous quarter, according to Savills Vietnam’s Market Brief released on January 29. Sales of Grade A apartments rose 129 percent quarterly. Grade Bs were up 79 percent. Both Grade A and B have reached their highest sales levels in the last five years, thanks to banking support and diversified products. Meanwhile, the office market performed its best in the past four years. The total take-up was 60,000sq.m, up 264 percent from the figure of entire 2014– mostly Grade B and C office space. This year, more than 71,000sq.m in six projects are expected to be made available, pushing the total stock up 4 percent from 2015. Nguyen Toan Thang, Director of the municipal Department of Natural Resources and Environment, said the city collected more than 10.6 trillion VND (481 million USD) in land use fees, up 34.56 percent from … [Read more...]

Passion motivates circus artists to take risks

Video by Thu Van HA NOI (VNS) — The circus has always been about performers attempting precarious and daring acts in exchange for the intangible reward of the roar of the crowd. Circus artists have always put their lives on the line for the audience's entertainment. Those working at the Viet Nam National Circus Federation are no different. "All circus acts are dangerous jobs," Tong Toan Thang, a senior artist who is well-known for his python act and is also a veteran circus performer, said. "If you work in this field, you accept the risks." What keeps them going, given the modest incomes and the hardship the job entails? "When the crowds clap their hands and shout your name, it's something we cherish more than anything else," he said.—VNS … [Read more...]

Int’l circus festival to greet spring 2016

(Cinet)- Circus artists from Vietnam, Mongolia and Laos will entertain audiences in Hanoi capital with extravagant performances to usher in the Year of the Monkey and commemorate the 60th anniversary of the Vietnam Circus Federation. Int’l circus festival to greet spring 2016. Illustrative image. Photo: truongxiec.edu. The four-day festival will be staged everyday from January 14 to 17 at the National Circus of Vietnam at NO. 67-69 Tran Nhan Tong Street. The large-scale programme unites leading circus artists from Viet Nam, Laos and Mongolia. It will feature meticulous and diverse performances, including aerial acrobatics, balancing feats, shows of strength and magic tricks, as well as an animal circus. Many of the performances have won national and international prizes. With a desire to entertain several generations of audiences with circus acts, the organisers have invited many meritorious artists to participate in the Gala. On opening night, a 15-minute welcome … [Read more...]

Int’l circus show rolls into Hanoi

The 2016 International Circus Gala will open on January 14 at the Vietnam Central Circus, Hanoi, in celebration of the 60th founding anniversary of the Vietnam Circus Federation (VCF). The large-scale programme unites leading circus artists from Vietnam, Laos and Mongolia. It will feature meticulous and diverse performances, including aerial acrobatics, balancing feats, shows of strength and magic tricks, as well as an animal circus. Many of the performances have won national and international prizes. With a desire to entertain several generations of audiences with circus acts, the organisers have invited many meritorious artists to participate in the Gala. On opening night, a 15-minute welcome performance inspired by a Russian film honouring performing artists will be directed by acclaimed artist Tong Toan Thang. It will be staged in the circus style with an aim of enabling spectators to imagine VCF's 60-year journey. "This is an art programme that connects the performances, … [Read more...]

Int’l circus show rolls into Ha Noi

Clowning around: The Gala will feature meticulous and diverse performances by leading circus artists from Viet Nam, Laos and Mongolia. — Photo tuoitrethudo.vn HA NOI (VNS) — The 2016 International Circus Gala will open on January 14 at the Viet Nam Central Circus, Ha Noi, in celebration of the 60th founding anniversary of the Viet Nam Circus Federation (VCF). The large-scale programme unites leading circus artists from Viet Nam, Laos and Mongolia. It will feature meticulous and diverse performances, including aerial acrobatics, balancing feats, shows of strength and magic tricks, as well as an animal circus. Many of the performances have won national and international prizes. With a desire to entertain several generations of audiences with circus acts, the organisers have invited many meritorious artists to participate in the Gala. On opening night, a 15-minute welcome performance inspired by a Russian film honouring performing artists will be directed by acclaimed … [Read more...]

Police in southern Vietnam to probe fake buses that cheat, threaten passengers

Police in the southern province of Ba Ria-Vung Tau have been directed to investigate those bogus buses that have been using the brand names of other transport companies to overcharge and threaten passengers. If any sign of violation is spotted, individuals responsible will be severely punished in accordance with the law, Colonel Nguyen Thanh Hung, deputy chief of the Ba Ria-Vung Tau Department of Police, said. Hoa Mai Tourism Service Company and Toan Thang Company, which are the two firms that offer transport services between Vung Tau and Ho Chi Minh City, have been asking competent authorities to probe a case in which several bogus bus operators are allegedly using their brand names to trick, overcharge and even threaten passengers. The two companies have received several complains and reports of passengers claiming that they were conned by the operators of the bogus buses and have worked with local authorities to deal with the situation for several times but no significant … [Read more...]

Fake bus operators trick, overcharge, threaten passengers in southern Vietnam

Two passenger transport companies in the southern province of Ba Ria-Vung Tau are asking competent authorities to probe a case in which several bogus bus operators are allegedly using their brand names to trick, overcharge and even threaten passengers. Hoa Mai Tourism Service Company and Toan Thang Company, which are the two firms that offer transport services between Vung Tau and Ho Chi Minh City, have informed their passengers of the fake coaches that have been illegally leveraging their brand names. Vung Tau is a famous beach city in Ba Ria-Vung Tau, about 120km from Ho Chi Minh City. A recent Tuoi Tre (Youth) newspaper probe showed that the bogus vehicles often target the passengers near Mien Dong (Eastern) and Mien Tay (Western) Bus Station in Binh Thanh and Binh Tan District, and several stops along National Highway 1. The fraudulent coaches also dupe passengers around the Gieng Nuoc intersection and on Le Van Loc Street in Vung Tau. Their operators have copied the … [Read more...]

Vietnamese composers beginning to eschew love songs, take on social issues

Top songwriter: Singer and composer Pham Toan Thang. — VNS Photo by Thu Anh HCMCITY (VNS) — More Vietnamese composers are writing songs about social problems instead of the traditional topic of love. Singer and songwriter Tran Van Toan's third and latest album, Funk Rock, for example, became an instant hit when it was released in April. The 45-year-old Toan, who has written songs that deal with youth and their problems, has also encouraged them to protect the earth and environment. In songs such as Hai Con De Qua Cau (Two Goats over a Bridge) and Cau Hoi (The Question), he has combined electronic and funk rock. His favourite song, Hai Nguoi Linh (Two Soldiers), won Favourite Song and Best Song voted by audiences and the jury at Bai Hat Viet 2007 (Vietnamese Songs 2007), an annual music show highlights new songs by Vietnamese writers on Viet Nam Television. Many teenagers and youth enjoy Hai Nguoi Linh, a pop song created for the girl band Mat Troi Do, a group of four … [Read more...]

Electronic Payment Incommensurate with Potential

In the globalisation and financial liberalisation trends, strong technology development coupled with sustainable development policies of the Government has provided a solid foundation for payment system modernisation, and enabled citizens and businesses to access public administration services more conveniently and easily. However, e-payment development in Vietnam is still not commensurate with its potential. Deputy Prime Minister Vu Duc Dam said, electronic payment accounts for 90 per cent of total payments in developed countries and this helps their GDP expand by 1 per cent. However, Vietnamese people are still familiar with using cash for payment activities. Mr Nguyen Toan Thang, Deputy Governor of the State Bank of Vietnam (SBV), said electronic payment development based on information technology application are of major concerns of the SBV and commercial banks. This deployment process has brought in remarkable achievements, created seamless system-wide connectivity, provided … [Read more...]

Agencies urged to promote e-payment

Van Ly An unidentifi ed shopper searches for fashion items on a shopping website. Although e-commerce in the country has grown fast over the years, cash payments still make up 65% of total sales - PHOTO: THU NGUYET Speaking at the Vietnam E-Payment Forum 2015 (VEPF 2015) in Hanoi on Wednesday, Dam said technical infrastructure facilities for e-payment are ready and the Government has already set a clear target but the habit of consumers to use cash has not changed much. Dam told the forum organized by the State Bank of Vietnam (SBV) and the local news site VnExpress that although e-commerce in the country has grown fast over the past years, cash payments still make up 65% of total sales. "In developed countries, e-payment accounts for 90% of the total and helps their gross domestic product (GDP) grow by an extra 1%," Dam said of the important role of e-payment in an economy. Meanwhile, Bui Quang Tien, head of the Payment Department of the SBV, e-payment made up a mere 5% of … [Read more...]

Deputy PM Vu Duc Dam: Necessary to promote non-cash payment

The Hanoitimes - The e-payment will be one of the important factors to evaluate the development of the country, Deputy Prime Minister Vu Duc Dam said at the forum in Hanoi on December 16. The remark was made by Deputy Prime Minister Vu Duc Dam at the Vietnam E-Payment Forum in Hanoi on December 16. The Deputy Prime Minister said that the e-commerce in Vietnam has made a rapid progress in the recent years. Deputy Prime Minister speaks at the forum. Vietnam has been ready for e-payment in terms of infrastructure and the Government has set goals to stimulate online transactions for years, yet consumers seem not willing to change, he added. According to Deputy Prime Minister Dam, it is necessary to actively cooperate between government and business to encourage online transactions among domestic consumers. This does not achieve from technology solutions and discounts, the most important factor is changing the habit of consumers, he said. Changing cash usage habit to … [Read more...]

Cash popularity hurting nation’s economy

HA NOI (VNS) — Deputy Prime Minister Vu Duc Dam yesterday urged closer co-operation among ministries and sectors to reduce the prevalence of cash payments and create conditions that encourage people to use electronic payment systems. Speaking at the Viet Nam E-Payment Forum 2015 held in Ha Noi, Dam said that although Viet Nam's e-commerce market has seen recent growth, in-cash habits in Viet Nam is still overwhelmingly popular, accounting for 65 per cent of total payment transactions. "This habit has hampered the country's economic development as well as people's living standards," he said. Dam highlighted how other countries' electronic payment behaviour accounts for 90 per cent of their total payment values and helped increase their GDP by about 1 per cent. With more than 120 million mobile subscriptions and more than 40 million internet users in Viet Nam at present, electronic transaction processes have a lot of potential, he said. The Deputy PM said that in 2014, … [Read more...]

Deputy PM: Changing cash-payment habit boosts economic growth

Changing cash usage habit to e-payment will not only boost economic growth but also promote Vietnam as a civilized nation, said Deputy Prime Minister Vu Duc Dam on December 16. He made his remarks at the Vietnam E-Payment Forum in Hanoi held by the State Bank of Vietnam (SBV) and VnExpress, an online newspaper. Speakers at the forum. (Source: Banknetvn) Online payment accounts for 90 percent of total transactions in developed countries and the Gross Domestic Products (GDP) hereby rose by about 1 percent, Dam explained. Vietnam has been ready for e-payment in terms of infrastructure and the Government has set goals to stimulate online transactions for years, yet consumers seem not willing to change, he said. The Deputy PM urged for greater coordination between relevant bodies to reduce cash payments alongside the design of incentives to encourage online transactions among local consumers. Dinh Thi My Loan, President of the Vietnam Retailers Association, noted paying in cash … [Read more...]

Deputy PM encourages digital payments in lieu of cash

(VOV) - Deputy Prime Minister Vu Duc Dam on December 16 encouraged the use of consumers paying for goods and services electronically as a substitute for using cash in a speech at an e-payment forum held in Hanoi. Certainly Deputy PM Dam said the move could assist in cracking down on ‘black money’ or in other words assist in reducing income illegally obtained or not properly declared for tax purposes. Some economists, he said have estimated that increasing the use of e-payments nationwide could actually benefit the gross national product (GNP) by as much as 1%. He went on to say the government is evaluating a broader strategy to discourage the use of cash and clamp down on Vietnam’s bustling parallel economy that operates outside the legitimate financial system. E-transactions include those made through debit and credit cards, mobile wallets, apps, net banking, electronic clearing services, national electronic fund transfers and immediate payment service … [Read more...]

HCMC has two new department directors

Van Nam Kien will assume the post of director of the Industry and Trade Department from January 1 when the appointment decision takes effect. The decision comes after the HCMC People’s Council elected Le Van Khoa, director of the Industry and Trade Department, vice chairman of the HCMC People’s Committee late last week. Kien served as chairman of District 1 People’s Committee before he took up the post of deputy director of the department in October this year. The department’s current deputy directors are Le Ngoc Dao, Phan Hoan Kiem, Nguyen Phuong Dong, Ton Quang Tri, Tran Vinh Nhung and Nguyen Ngoc Hoa. Meanwhile, Tran Xuan Dien, deputy director of the Industry and Trade Department, has been assigned as deputy secretary of District 10’s Party committee. Nguyen Toan Thang served as chairman of District 12 before being appointed deputy director of Department of Natural Resources and Environment in August this year. His new appointment comes into … [Read more...]

Vietnam relies on Chinese goods the most in Southeast Asia

VietNamNet Bridge - The heavy reliance on China as an input material and finished product supplier is seen as a big problem for Vietnam. The heavy reliance on China as an input material and finished product supplier is seen as a big problem for Vietnam Nguyen Dinh Cung and Tran Toan Thang, the two senior researchers from CIEM, said that Vietnam relies on Chinese imports in South East Asia more than most other countries. In a report sent to a workshop on socio-economic forecasts held on December 2, the two economists pointed out that in 2004, the reliance index of ASEAN countries was higher than Vietnam’s by 16 percent. But Vietnam’s index was 21.7 percent higher than ASEAN’s in 2014. Vietnam relies on Chinese imports in South East Asia more than most other countries. CIEM’s researchers warned that the reliance is increasing each year with a rapid increase in imports from China, especially input materials for textiles and garments, electronics and … [Read more...]

Readers help disabled man raise his infant baby

Dan Tri readers have sent over VND100m (USD4,500) to help a man who had both his hands and right leg amputated, to raise his infant baby. Ho's mother receives the donation After Dang Long Ho's story was published, readers immediately donated VND60m to help him pay hospital charges. However, even though Ho was released, he has not been able to find work and the family cannot afford VND70m to buy prosthetic limbs for him. On December 1, Dan Tri HCM City representative Ly Thi Toan Thang gave Ho's family VND100,230,000 donated by readers. Tran Thi Luom, Ho's mother, expressed her gratitude and said they would spend the money on raising Ho's newborn baby and buy him prosthetic limbs. Dang Long Ho became the sole breadwinner for his family after his father died, working as a bricklayer. He was just married and had a child when he was electrocuted while working at a construction site in August. In order to save his life, doctors had to cut off a third of his arms and a third of his … [Read more...]

“Ionah” – A new form of performing art

Illustrative image (Cinet)- Ionah, the first 3D entertainment program combing various art forms such as dance, theatre and circus entertainment has received expectation and enjoyment form some audiences in Hanoi capital, Vietnam. Ionah is written in word of Hanoi as an art program for Hanoian people to send message of the program "Creating more change for entertainment in the capital". Famous names in the field such as director Pham Hoang Nam, music director Quoc Trung, choreographer Tran Ly Ly, designer Nguyen Cong Tri and circus director Tong Toan Thang are expected to participate in the program, titled "Ionah". Ionah tells the story of a girl who falls into a surrealist world created by herself. There she meets strange people and struggles with a range of emotions. Eventually, she finds love and returns to the real world. Scores of pictures capturing Hanoi with specific traits such as Long Bien Bridge, railway stations, pavement shops, ceramic roads, the Old Quarter as well as … [Read more...]

Effective use and operation of industrial boilers enhanced

VGP – More than US$12 million will be spent on a project aimed at promoting effective use and operation of industrial boilers in Viet Nam during the 2015-2019 period. Photo: VGP/Toan Thang The project will be jointly realized by the Ministry of Industry and Trade (MoIT) and the United Nations Industrial Development Organization (UNIDO). The project includes three main components: a policy framework and regulations to support an industrial boiler standardization system; raising awareness and capacity building for State agencies, users, boiler suppliers/producers and other stakeholders; and financing and implementing the use and production of energy-efficient boilers in Vietnam. The overall objective of the project is to reduce energy consumption and greenhouse gas emissions by promoting the use and operation of industrial energy-efficient boilers, thereby improving Vietnamese enterprises’ competitiveness by reducing energy consumption cost and minimizing negative … [Read more...]