Nghe An reaches investment deals worth almost 1 bln USD

The central province of Nghe An granted investment licenses to 8 projects and signed 4 deals worth over 967 million USD during an annual New Year meeting in Vinh city on March 4. Addressing the event, National Assembly Chairman Nguyen Sinh Hung expressed hope that investors would continue their feasible projects and foster innovation to bring new changes in Nghe An. Secretary of the provincial Party Committee Ho Duc Phoc and Vice Secretary of the Party Committee and Chairman of the provincial People’s Committee Nguyen Xuan Duong called on businesses and investors to develop Nghe An into a hub of finance, commerce, tourism, education-training, science-technology, health care, culture, sport and hi-tech industry in the north central region. Nghe An commits to improving investment climate and offering the best possible incentives to business players, they vowed. The event was co-hosted by the provincial People’s Committee, the Party Committee of the Centrally-run … [Read more...]

Dozens of communes recognized as new rural areas

PANO - Twenty seven out of fifty six communes in Ho Chi Minh City have met the criteria of new-style rural areas so far with the per capita income of VND 39.5 million a year. The figure was revealed by Ho Chi Minh City’s Party Committee at a meeting on March 2nd to review the national target program on building new-style rural areas in 2014 and one-year implementation of the policy of the city’s party committee’s standing board on supporting communes in implementing the program. Ho Chi Minh City’s leaders presenting the certificates of new-style rural areas to communes Over the past time, five rural district of the city have concentrated on building their communes into new-style rural areas. Many localities have exceeded their set targets. Accordingly, rural infrastructure was upgraded, meeting the demand of locals and luring investment from society. Besides, rural areas saw positive changes together with many effective production models in the form of … [Read more...]

Army finances billions of Vietnamese dong for the poor

PANO - More than VND 13.2 billion has been spent to provide seedlings, breeders and capital for poor people nationwide by army departments and units since the beginning of 2014. The figure was recently revealed by the Standing Board of the "Day for the poor" Campaign of the Ministry of National Defence. Officers from Company 72 instructing locals in Ia Nan commune how to tend coffee Besides, units in the whole army have also offered free medicines and health check-ups to nearly half a million of people, as well as presented medical equipment, totally valued at over VND6.1 billion, to poor localities. Noteworthily, army corps, military groups and corps, economic-defence and border guard units have implemented many infrastructure projects and constructed welfare structures while instructing locals on science and technology application and shifts in farming. Moreover, they have welcomed more than 3,000 poor households to the localities where they are stationed, received 940 young … [Read more...]

What’s on March 2015 (Daily updated)

MUSIC AND PERFORMANCE Hanoi- Japanese dance performances: Dance Dance Asia Mar 14 and 15, 8pm Youth Theatre at No 11 Ngo Thi Nham street Japanese dance performances which are based on street dance by three groups, "Moreno Funk Sixers", "Memorable Moment" and "90’s. They will perform their new pieces by various styles like Jazz, Hip-Hop, Break, House, Pop and Lock. Free ticket can be collected at the Japan Foundation Center for Cultural Exchange in Vietnam at No 27 Quang Trung street. Hanoi- VNSO 2015 Season Opening Concert Mar 11 and 12, 8 pm Hanoi Opera House, 1 Trang Tien Street Conductor: Honna Tetsuji Oboe: Stephan Shili, and the Vietnam National Symphony Orchestra Ticket prices range from VND 200,000- 500,000 VND. All tickets available at Hanoi Opera House or can book online at vnso.org.vn. For free delivery Call: 0913489858, 0983067996. HCMC- Performance by famous Italian DJ Mar 20, The Observatory Italian DJ Marco Effe will enthral music-lovers at … [Read more...]

Expressways on 2020 checklist

Viet Nam had set a target of building 2,500km of expressways by 2020, Minister of Transport Dinh La Thang told a meeting in the capital on Wednesday. Addressing the meeting, Thang emphasised the need to source private sector investment for infrastructure development, including expressways. "We cannot sit back and rely on the State budget or Government bonds to finance infrastructure development," Thang said. To do this, the minister asked for investment from various sectors, including foreign investors. "There are two scenarios for building our expressways by 2020. If GDP is low, we could reach 2,500km, but if it is high, we could stretch to 2,689km," Thang said. Total investment demand for the upper limit was projected at VND 394.6 trillion ($ 18.8 billion), of which VND 213.3 trillion ($10.1 billion) will come from investors and the remainder would come from the State budget. This projection did not include funding for projects that were scheduled for completion in … [Read more...]

Low cost carrier launches cheap tickets

Low-cost carrier Jetstar Pacific said it is launching the special program within three days from February 27 to March 1. Accordingly, the customers can buy cheap air tickets with a cost of VND 199,000 for international flight from Ha Noi to Bangkok (Thailand) and domestic flight from HCMC to Tuy Hoa (Phu Yen province). Besides, some domestic flights will be sold at a discount cost of 50 percent. These tickets will be available for flights which are scheduled to be started in March and April 2015. Jetstar Pacific also offers to its customers more chances to get special tickets with costing VND 199,000 for routes departing in HCMC to Singapore; domestic routes from HCMC to Ha Noi/Dong Hoi/Thanh Hoa and Buon Ma Thuot to Thanh Hoa/Hai Phong will cost from VND 499,000 per trip (not included tax and fees). … [Read more...]

Social News 28/2

Route connecting Ky Sa Port and Ly Son Island opened The Ministry of Transport announced its plan to open a mixed river-sea route connecting the Ky Sa port and Ly Son Island in central Quang Ngai province on February 26. Vessels operating on the route must be river-sea compatible ships (VR-SB) under the National Technical Regulation on the Rule of Inland-Waterway Ships Classification and Construction. In addition, vessel crew members are required to have professional competence qualifications. Ly Son district lies 18 nautical miles off the Vietnamese coast and covers an area of 10km2. It includes three communes: An Hai, An Vinh and An Binh. The island district has a population of approximately 2,100. The majority of residents earn a living from fishing and farming garlics and spring onions. Ly Son is striving to become a maritime economic centre by 2025, with a focus on tourism and aquaculture. Archaeologists found relics of Sa Huynh culture on the island dating back to 3,000 … [Read more...]

Creating a favorable environment to attract foreign investment

This is the confirmation by Phu Yen provincial leaders at the meeting with experts, volunteers, foreign investors working in Phu Yen province at At Mui Lunar New Year cozy meeting. PPC Vice Chairman, Mr. Tran Quang Nhat (second right) exchanging with investors According to PPC Vice Chairman, Mr. Tran Quang Nhat, during the past time,the development of Phu Yen province receives the significant contribution of experts, businesses, investors, foreign volunteers working in the province. The provincial leaders also paid attention to relatively promptly solving the investors’ legitimate demands and directed to implement the commitments, incentive policies for investors in accordance with legal stipulations; creating favorable conditions for foreign businesses in investing, producing and trading efficiently in Phu Yen province. Specifically, in 2014, despite difficulties, the province has arranged, focused on mobilizing more capital for investment, accelerating to complete … [Read more...]

Jetstar Pacific kicks off big promotion program

PANO - The low-fare carrier Jetstar Pacific will sell cheap one-way tickets at the starting price from VND 199,000 on the routes Hanoi-Bangkok (Thailand) and Ho Chi Minh City-Tuy Hoa (Phu Yen province). Under its plan, these two routes will be opened on March 29th and 30th, respectively and the cheap tickets are available at its website: www.jetstar.com from February 27th to March 1st for flights departing in March and April. Besides, passengers could also enjoy a 50 per cent discount program for domestic flights between Ho Chi Minh City-Hanoi/Dong Hoi/ Thanh Hoa and Buon Ma Thuot-Thanh Hoa/ Hai Phong. The prices do not include taxes, fees and additional charges. Source: HNM Translated by Pham Huy … [Read more...]

Sponsors praised for supporting the poor on Tet

PANO - Ho Chi Minh City mobilized about VND 2 trillion to help policy beneficiaries and island soldiers welcome a warm 2015 Lunar New Year (Tet) festival. The information was released at a conference held by the city People’s Committee on February 27th. Contributing organizations presented with merit certificates Besides, the city maintained social order and held many cultural activities for local residents during the traditional holiday, and carried out a VND 16 trillion program in nearly 9,000 different areas to sell goods at stabilized prices. Chairman of the Committee Le Hoang Quan applauded relevant units’ care for needy people while boosting production and fighting smuggling. On the occasion, the HCM City People’s Committee presented its certificates of merit to 182 distinguished organizations with effective assistance to the poor during the recent Tet holiday. Translated by Pham Huy … [Read more...]

Dak Nong improves heath care services for ethnic minorities

The Central Highlands province of Dak Nong has launched two general hospitals with a combined cost of 231 billion VND (10.9 million USD) in the border districts of Cu Jut and Dak Mil in a bid to improve health care services for locals. According to Ngo Minh Truc, Head of the provincial Health Department, construction of Cu Jut general hospital commenced in 2010 with an investment of 116 billion VND (5.45 million VND) from government bond sources. The hospital has a capacity of 150 beds, replacing its 50-bed predecessor to provide enhanced care for ethnic minority groups, he said. Construction on the other hospital, located in Thuan An commune, Dak Mil district, began in 2012 at a cost of 115 billion USD (5.40 million USD). It also has 150 beds and modern equipment. Notably, the hospital boasts a 53.46 square-meter solid waste treatment facility.-VNA … [Read more...]

VND 29.4 billion funded by NGOs

​In the first two months of 2015, Quang Ngai province has received 15 programs and projects on different fields worth over VND 29.4 billion funded by international non-governmental organizations (INGO), said a source of the Quang Ngai provincial Department of Foreign Affairs. These projects have mainly focused on improving the life quality of poor households, building schools and upgrading hospitals, supporting scholarships and helping the people to prevent and mitigate the damages caused by natural disasters. Some main INGOs include Plan International, World Vision Vietnam, Giving it Back to Kids, MQI, Development Workshop France, Children of Vietnam and other units of Doosan Vina and Chung Ang University, Gotjawai and Uijeongbu high schools. As tentatively planned, in 2015, Quang Ngai province strives to mobilize aids from INGOs with the average set-out grant value of 75 billion VND. Dai Kiet … [Read more...]

Naval troops respond to tree planting festival

PANO - Naval Brigade 126 and Hai Thanh Company on February 24th launched a Tet tree planting festival, themed "Endless gratitude to President Ho Chi Minh", in Thuy Nguyen district, Hai Phong city. The tree planting festival initiated by President Ho Chi Minh and has become an annual festival at the beginning of a lunar new year. Addressing the event, Admiral Nguyen Van Hien, Deputy Defence Minister cum Commander of the Vietnam’s People Navy highly valued the brigade's efforts to plant trees to beautify the barracks'' scenes and improve the environment. Earlier, the Service's Command had asked the unit to draw up a scientific plan and choose certain kinds of trees so that they could match with the environment of its barracks. On this occasion, they planted 1,000 trees at a cost of VND 50 million, donated by Hai Thanh company. Rear Admiral Dinh Gia That and local leaders planting a tree at the Headquarters of the Naval Region 1 Command * Meanwhile, the Naval Region 1 Command … [Read more...]

Tet releases see soaring sales

Private film companies that sunk large amounts of money into making movies for release at Tet (Lunar New Year) saw high ticket sales, while theatres also had large crowds. Song Vang (Golden Screen) Production's Quy Tu Bat Dac Di (Mother's Boy) raked in more than VND30 billion (US$ 1.4 million) in ticket sales in just 10 days beginning on February 13. About 300,000 tickets were sold. Luu Hong Hanh, representative for the film's distributor CGV, said Quy Tu Bat Dac Di was among three top hits, including Trung So (Winning the Lottery) and Ngay Nay Ngay Nay (The Lost Dragon), which have earned the most profits this season. "We are very hopeful the numbers will shoot up further," she said. The 92-minute comedy Quy Tu Bat Dac Di is about Hai Mui (played by Viet Huong), a rich woman who loses her only son (played by Hoai Lam) when he was a baby. After facing many challenges, Mui finds her son. It is directed by Tran Ngoc Giau, an experienced artist in the industry, and includes dozens … [Read more...]

Market value climbs in new lunar year

Vietnamese stocks continued to increase in value as the first trading session of the new lunar year closed on February 24. Total market turnover reached 1.47 trillion VND (70.3 million USD) on a total volume of over 88.56 million shares, as investors were confident with the market's prospects. On the Hochiminh Stock Exchange, the VN-Index gained 1.65 percent to reach 596.95 points. The market turnover of the southern bourse was 1.14 trillion VND (54.6 million USD) with a volume of over 62.8 million shares. Bank shares remained the focus of the trading session. The market saw a remarkable achievement in Vietcombank code (VCB) as it reached its ceiling price of 39,000 VND (1.85 USD) for trading total 179,000 shares at the market's close. Other bank codes, including the Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG) and Military Bank (MBB), also raised their prices by between 2.16 and 4.49 percent, to 18,500 VND, 18,600 VND and 14,200 VND, respectively. … [Read more...]

Bad debt ratio to be slashed to 3 percent

Hanoi, February 24 (VNA) - The Government has proposed to the Party Central Committee and the National Assembly a scheme that will reduce bad debts in the nation's banking system this year to three percent of total lending. This response to a question collectively asked of Prime Minister Nguyen Tan Dung by deputies Ha Si Dong, Le Dac Lam, Dang Dinh Luyen, Nguyen Duc Thanh and Vu Tien Loc at a National Assembly session last November has been published on the Government website. Explaining the bad debt situation, the Prime Minister said that after the 1997-1998 Asian financial crisis, there was a huge demand for investment capital and the first decade of the 21st century (2001-2010) saw the credit market booming with an annual growth of up to 30 percent. However, poor business administration by both creditors and businesses, coupled with the world economy falling into recession, hit domestic firms across the board, including finance, real estate, production and trade sectors, and … [Read more...]

The kind-hearted expatriates

Tet festival is etched in the memories of expatriates who send their hearts to their native land place with a constant memoirs. As for Vietnamese overseas, the nostalgia is sharper. From thousands of miles away, their feeling towards the homeland is expressed through the warm shares. Ms. Han Thu Ha (right most) encouraging and helping Mrs. Dinh Thi Di with blindness, who has to take care of three motherless grandchildren in Son Thanh Dong commune (Tay Hoa district) Ms. Han Thu Ha, living in the U.S, confided, "From Phu Yen Newspaper online, I’ve read the column ‘Together relieving A/O pain’ about the desperate circumstance of the family of the elderly Tran Thi Guong (aged 90, living in Phong Nien village, Hoa Thang commune, Phu Hoa district), I feels so sorry for her. My relatives and I send VND 20 million to help her". Despite being 90 years of age, everyday, she has to care her two daughters (Miss Nguyen Thi Ngan, Miss Nguyen Thi Nhung) with three meals by … [Read more...]

Military-run businesses keep further development

PANO – Defence firms’ sustainable growth over the past year has considerably contributed to the national economic growth and to the State budget despite numerous difficulties in 2014. According to the Department of Economics of the Ministry of National Defence, defence companies last year earned VND 292 trillion with the profit before tax of VND 46 trillion. With this result, they could contribute nearly VND 41 trillion to the State budget, and ensure the average per capita income of VND 10.7 million per month for their defence workers. All these figures are higher than that of previous year. The military-run telecom group Viettel continued taking the lead among defence businesses with the turnover of nearly VND 197 trillion, up by 20 per cent year-on-year, and being listed as one of the top tax contributors (its tax sum of over VND 15 trillion in 2014). Photo: vietteltelecom.vn The Lung Lo Construction Group has become a well-known defence business in the country in … [Read more...]

HCM City supermarkets open on the 2nd day of Tet

Traditional markets and supermarket chains in Ho Chi Minh city have launched their business on the second day of the Lunar New Year in a bid to serve the residents’ demands. On this occasion, supermarket chains in the city offer numerous discount programmes while continuing with sale promotions launched before Tet holiday. The Big C supermarket gives 49 percent discount on nearly 4,000 products while Aeon Tan Phu presents vouchers valuing 20,000 VND, 30,000 VND and 50,000 VND for each purchasing invoice worth from 500,000 VND (23.4 USD) or more for the first 1,000 customers of the lunar New Year. Ample supply food and products are available at stable prices, with beverage, confectionery, seafood and fresh products selling well. Big traditional markets such as Thi Nghe, Tan Dinh, Nguyen Van Troi and Hoa Hung are also bustling with slight increase in the price of some commodities including Da Lat lettuce, herbs, fresh coconut and flowers. Many shopping centres, entertaining … [Read more...]

Tet gifts offered to patients

PANO – The Board of Directors of Bach Mai Hospital on January 17th inquired after and offered gifts, worth VND 100 million in total, to nearly 1,000 patients under treatment at the hospital on the occasion of the 2015 Lunar New Year (Tet) festival. The hospital's leaders presenting gifts to patients. According to Prof. Dr. Nguyen Quoc Anh, the hospital's Director, the Outpatient Department is still working as normal, a new regulation this year, contributing to effectively reducing pressure for the Emergency Department. Particularly, on December 28th of the lunar calendar, the Outpatient Department provided check-ups for 400 patients. Learning experience from last year, the Emergency Department prepared everything several months ago, while connecting with relevant units for further supports, he added. Besides, this year is the first time the hospital's Department of Artificial Kidney works nonstop through the Lunar New Year, purifying blood for about 250 to 300 patients. In … [Read more...]