Vietnam’s Permanent Mission to the United Nations (UN) and the Vietnamese Consulate General in New York have held a get-together on the occasion of the upcoming Tet (Lunar New Year) festival. (Photo: VNA) New York (VNA) – Vietnam’s Permanent Mission to the United Nations (UN) and the Vietnamese Consulate General in New York have held a get-together on the occasion of the upcoming Tet (Lunar New Year) festival, with the participation of nearly 400 overseas Vietnamese. In his remarks, Ambassador Dang Dinh Quy, head of the mission, informed participants about what the homeland has achieved in 2018. The most noteworthy is Vietnam’s ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it successful organisation of the World Economic Forum on ASEAN, the country’s first-ever membership of the UN Commission on International Trade Law (UNCITRAL), and the deployment of the first level-2 field hospital in South Sudan … [Read more...] about New York gathering celebrates Tet
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BUSINESS NEWS IN BRIEF 22/12
Experts want to reduce number of export inspections Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises. Speaking at a seminar held in Ho Chi Minh on December 20, Tran Ngoc Liem, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) HCM City, said that overlapping inspection procedures were causing problems for enterprises. The General Department of Vietnam Customs said that procedures accounted for up to 50 percent of customs clearance time. Many shipments have been inspected, but still have not been cleared, it said. Even after three months, State agencies are still conducting inspection checks. Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said the proportion of imports and exports subject to specialised inspections at customs clearance was up to 30-35 percent and would be reduced to 15 percent under a … [Read more...] about BUSINESS NEWS IN BRIEF 22/12
Expats outraged as American man begs on Saigon streets
Tim Bennett is an angry man, and he is not alone. Bennett, a retail store owner, recently shared on his Facebook page a video clip of a young white man standing in a Saigon street corner, holding a sign in Vietnamese that says he needs money. The beggar, who unconfirmed reports say is Tim Stile from New York, has apparently begged on Saigon streets for over a year. Bennett wrote in his Facebook post that he and his wife has seen the beggar wander around Saigon streets for a year now. The man has apparently gained sympathy from locals and foreign tourists by saying that he has lost his personal identification papers and money while traveling in the country and cannot afford a trip back home. Some Vietnamese people have said that they’ve given him some money and/or food, only to see him beg again. While one remarked without anger that someone who can manage to get a sign done in Vietnamese should also be able to approach his country’s embassy or consulate for help, another … [Read more...] about Expats outraged as American man begs on Saigon streets
BUSINESS NEWS IN BRIEF 28/9
HCMC to see soaring office demand in next four years As Southeast Asian economies expand, office demand, particularly from technology, e-commerce, and co-working space companies, is expected to rise by an estimated 6 per cent annually between 2018 and 2021, with Ho Chi Minh City seeing a rate of 10 per cent in the period, according to JLL Vietnam. As at the end of the second quarter of 2018, total stock in Ho Chi Minh City’s office market increased to 1,945,000 sq m, with overall Grade A and B occupancy rates standing at a high of above 95 per cent. The overall rental rate is expected to continue its upwards trend with support from healthy demand and increased quality in future supply. A large volume of high-quality Grade B supply is also projected to be completed by 2020 and will likely put pressure on Grade A in the future, especially long-standing Grade A projects with deteriorating construction quality. In Hanoi, demand for Grade A and B office space in 2018-2019 … [Read more...] about BUSINESS NEWS IN BRIEF 28/9
RoK to open consulate office in Da Nang
Tourists in Da Nang's beach (Photo: VNA) Seoul (VNA) – The Republic of Korea (RoK)’s Ministry of Foreign Affairs is working on preparations for the opening of a General Consulate in the central city of Da Nang, a famous coastal tourism hub of Vietnam. Local media of the RoK on August 20 quoted an official of the ministry as saying that as the number of RoK tourists to Da Nang has surged recently, the ministry has considered the launching of a consulate office in the city. Currently, the ministry is discussing the issue with other agencies on budget and administrative matters. If all procedures related to budget, human resources, location, infrastructure and equipment are complete as schedule, the RoK General Consulate in Da Nang will be opened in the second half of 2019, said the official. Located between two famous destinations of the ancient imperial capital of Hue and the ancient port city of Hoi An, Da Nang, with a population of 1 million people, has been well-known … [Read more...] about RoK to open consulate office in Da Nang