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Social
News Headlines 25/5
Dong Nai:
Another 41 people to be tried following disorders
Law enforcement
agencies of the southern
They will be
charged with causing public disorder and appropriating assets during
demonstrations by workers and local people to protest
So far, as many as
416 suspects have been detained with criminal proceedings started against
cases.
As of May 24, 98
percent of the enterprises effected by disturbances in the locality have
resumed their production and business activities. As scheduled, the
remainders will restart their operation by May 26.
VND35
trillion proposed for aiding fishermen
Minister of
Transport Dinh La Thang has thrown his weight behind a VND35 trillion budget
proposed by National Assembly deputies for assisting fishermen to improve
their output and protect
He told reporters
on the sidelines of the NA’s ongoing session in
The VND35 trillion
amount could be sourced from surplus funds that would come from the
ministry’s reviews and readjustments of the transport infrastructure
development projects underway, he said.
Deputy Tran Hoang
Ngan from HCMC told reporters on the sidelines of the session on May 22 that
he would propose the NA approve the use of VND35 trillion for building
fishing boats for lease to fishermen.
“If the proposal is
translated into reality, our fishermen will have a fleet of high-quality
fishing boats and contribute to protecting Vietnamese waters in the
On Wednesday, the
NA issued a statement saying that China’s illegal positioning of Haiyang
Shiyou 981 oil rig in Vietnam’s exclusive economic zone and continental shelf
is in serious violation of Vietnam’s sovereignty and jurisdiction, the 1982
United Nations Convention on the Law of the Sea (UNCLOS) and the Declaration
on the Conduct of Parties in the East Sea (DOC), and high-level agreements
signed by the two countries.
According to the
statement, the NA and the Vietnamese are deeply concerned over and resolutely
oppose
The NA supports the
Party’s and the Government’s stand to take all options to defend
The NA said
developments in the
Vietnam News Agency
said Vietnamese people and international friends around the world had thrown
their support behind
On Wednesday,
hundreds of overseas Vietnamese, students and international friends gathered
at Place des
Requiem for
Hoang Sa soldiers in Quang Ngai
A requiem for
martyrs and sailors who defended the Hoang Sa (Paracel) archipelago is being
held in Ly Son island, central Quang Ngai province on May 23-25.
It is an event for
Buddhist dignitaries and followers and locals to pay tribute to Hoang Sa
soldiers and convey a message affirming
It is dedicated to
those who laid down their lives for national independence and freedom as well
as sailors of the Hoang Sa flotilla who erected sovereignty markers and
safeguarded national sovereignty, said Most Venerable Thich Tam Duc, head of
the organising board.
Ly Son Island is
home of the Hoang Sa Flotilla, set up by Nguyen Lords to go to Hoang Sa.
Thousands of sailors overcame roaring waves and storms to survey sea routes,
plant milestones and erect steles affirming national territory in Hoang Sa
and Truong Sa, and tap marine resources at orders by the Nguyen Lords. Their
missions were full of dangers, and many of them never returned to mainland.
Noi Bai
Int’l Airport begins screening for MERS
The Hanoi
Department of Health is stepping up measures to prevent the deadly Middle
East Respiratory Syndrome (MERS) virus from entering the country via
Amid reports of
potential infections, municipal health leaders have asked the Centre for
International Health Quarantine to closely co-ordinate with state management
agencies in efforts to monitor travelers at air terminals, especially those
from nations experiencing outbreaks of the disease.
The Centre for
International Health Quarantine has installed two digital infrared thermal
scanners at Noi Bai airport to detect passengers who show signs of the acute
disease such as high fever.
There are two
isolated rooms with sufficient medicines at the airport, while two emergency
cars are put on standby to transport patients to the
The centre for
International Health Quarantine and relevant units at the airport also are
implementing co-ordination mechanisms to rapidly deal with emergency cases.
Overseas
Vietnamese support national sea and island sovereignty
Vietnamese
nationals and their international friends in
Vietnamese
Ambassador to Egypt Dao Thanh Chung briefed overseas Vietnamese on the latest
developments in the
Chung highlighted
that
The Vietnamese
diplomat reaffirmed the Party and State’s consistent policy of settling the
dispute through peaceful means and asking
He noted that the
Vietnamese Party and State is considering all possible measures to protect
national sea and island sovereignty and ensure peace, stability and
development.
He called on
overseas Vietnamese to join hands to support the country’s just struggle and
defend national sovereignty.
Representatives
from the overseas Vietnamese community in
Also on May 24,
large numbers of Vietnamese expatriates, including students, international
friends held a march in
They gathered in
front of the Chinese Embassy in
Chairman of the
Switzerland-Vietnam Friendship Association Anjuska Weil said that the Chinese
Government’s declaration on its sea and island sovereignty goes against the
1982 UNCLOS.
The Vietnamese
people and peace-lovers around the world want to maintain peace and
stability. The international community should speak out and ask
This was the second
time Vietnamese nations in
Earlier on May 21,
they gathered at a square in front of the Geneva-based UN headquarters to
show their support for
OVs in
Thousands of
Vietnamese people living in
This is the second
time Vietnamese in
Demonstrators held
high slogans and banners in the Vietnamese language and translated into
English, French and Dutch to request
On behalf of the
Vietnamese Community in the
He said
On May 19, the
Vietnamese Embassy in the United Arabia Emirates also organised a
get-together for Vietnamese expatriates to voice opposition to
Speaking at the
event, Ambassador Tran Ngoc Thach stressed the Vietnamese Party and State’s
consistent stance of taking every measure to safeguard national sovereignty.
Vietnamese people
expressed their belief in the Party and State’s leadership, and vowed to
further bolster solidarity to oppose
On the occasion,
the embassy launched a campaign to raise funds for officers and soldiers who
are working night and day to safeguard the country’s sea and island
sovereignty.
Vietnam-Armenia
Friendship Association to build on ties
The Vietnam-Armenia
Friendship Association (VAFA) made its debut on May 24, creating a foundation
for people-to-people diplomacy between the two countries.
The association was
introduced during a congress in
In her speech at
the event, Van said the formation of the association marks an important
milestone in the relations between the two countries’ people and contributes
to implementing the Vietnamese Party and State’s policy on people-to-people
diplomacy.
In the coming time,
the association will focus on establishing a partnership network on the basis
of its current relations, while seeking and expanding links with new partners
in
She added that the
VAFA will also pay attention to promoting foreign communication works to take
advantage of solidarity and support for
Ambassador Raisa
expressed her belief that VAFA will make great contributions to setting
direct ties in human resources development, trade and economic cooperation as
well as boosting friendship and exchanges between the two peoples.
She also affirmed
that her agency will do its utmost to further push the traditional friendship
between her country and
Ambassador’s
visit fosters Vietnam-Cuba friendship
A delegation from
the Vietnamese Embassy in
Jointly held by the
Embassy and the Cuban Institute for Friendship with the People (ICAP), the
visit aims to reinforce the ties between the two countries.
Speaking at the
meeting with the delegation, the school rector Mirta Gonzalez expressed her
admiration for the spirit shown by
Thanking the
Vietnamese Government and people for their support to the school over the
last few years, Gonzales said pupils studying there are very interested in
enquiring about
For his part,
Ambassador Minh said he rejoices at the school’s achievements in education in
recent times, expressing his hope that the school’s teachers will continue
educating their pupils on the history of the friendship between
S’pore
Night Safari remains attractive to world people
“The Night Safari
is a home-grown attraction that has gained a reputation on the world stage
for its unique, immersive wildlife experience,” said Claire Chiang, Chairman
of Wildlife Reserves Singapore at its 20th anniversary celebration on May 23.
The Night Safari is
celebrating its anniversary with a new mane attraction, namely a pair of
South African white lions together with three Asiatic black bears and a
Malaysian tiger.
The 35ha park is
home to more than 2,500 animals of over 130 species, of which 38 per cent are
threatened. It welcomes over 1.1 million visitors annually with nearly 80 per
cent being foreigners.
In the past 20
years, the Night Safari received 30 awards, including the “Most Popular Asian
Attraction” by the International Association of Amusement Parks and
Attractions, the “Best New Attraction in ASEAN” by the ASEAN Tourism
Association, and the “Best Visitor Attraction Experience” by the Singapore
Tourism Board 11 times.
Vietnam Airlines
will fly 2,717 additional flights with more than 500,000 seats on 16 local
and international routes to meet the peak summer demand between June 15 and
August 15.
With the increase,
the carrier will provide a total of 4.2 million seats, 14 per cent more than
normal and 17 per cent more than a year ago.
The carrier will
operate an average of 44 daily flights, rising to 397 on peak days.
The domestic routes
to benefit are Hanoi-Phu Quoc/ HCM City/ Nha Trang/ Da Nang/Da Lat/ Dong Hoi/
Dien Bien ; HCM City-Phu Quoc/ Nha Trang/ Da Nang, Dong Hoi/Thanh Hoa ; and
Da Nang-Hai Phong.
The international
routes are Ha Noi-Kuala Lumpur and
Annual
football tournament facilitates SOS children's integration
As many as 140
children representing SOS villages nationwide are taking part in an annual
football tournament which is being held in the
The six-day event,
the ninth edition of its kind, has attracted 14 teams from Hanoi, Ho Chi Minh
City and the provinces of Dien Bien, Phu Tho, Hai Phong, Thanh Hoa, Nghe An,
Quang Binh, Da Nang, Binh Dinh, Lam Dong, Khanh Hoa, Ben Tre and Ca Mau.
The overall
champions will walk away with the trophy, gold medals and presents from
sponsors. The organising board will also present awards to the best player of
the tournament and the fair-play prize winners.
The idea was
initiated by the Nhi Dong (Children) Newspaper in 2006 with a view to
creating a summer sport playing ground for orphans living in SOS villages
throughout the country.
Over the past eight
years, the tournament has drawn increasing attention and has contributed to
mitigating the inferiority complex of disadvantaged children, boosting their
spirit and encouraging them to strive for a useful life.
Customers
file complain over unlicensed building
Hundreds of people
in
The planned
83-storey apartment building in Hoang Mai District was to be built by
investor, Hung Son Mechanical. Construction started in 2009, and after one
year, eight floors were completed. The quick pace of construction initially
brought optimism to buyers.
When the investors
call for more funds, hundreds of households were willing to contribute over
VND100 billion so that construction could be completed in the last quarter of
2012. However, in March 2011, the project was halted due to the lack of a
construction permit. According to the households, they tried to help the
investors with legal procedures, but after three years the investor is still
unable to acquire the permit.
After receiving
complaints from people living near the project site in 2010,
Households that
made contributions demanded to be reimbursed after waiting for years. Hung
Son Company promised to return the funds by May 25, 2013 if construction had
to be abandoned. However, they have yet to return any funds, saying that they
are still in the process completing procedures to continue the project.
Hundreds of people
submitted denunciation letters to police in
The Japan External
Trade Organization (JETRO) in HCMC, the HCMC Investment and Trade Promotion
Center (ITPC) and Thai firm Reed Tradex on May 22 clinched a deal to organize
three exhibitions in the city in October.
The events,
including METALEX Vietnam and NEPCON Vietnam 2014, will showcase products and
accessories of companies in supporting industries from October 9 to 11 at the
Saigon Exhibition and Convention Center in HCMC’s District 7. These events
are expected to attract 500 enterprises from 25 countries and territories.
According to the
organizers, local firms can find modern machines, equipment and technology at
Local firms will
have an opportunity to meet Japanese producers who look for quality industrial
components and accessories in
Hirotaka Yasuzumi,
managing director of JETRO in HCMC, said the lack of supporting industries
was the biggest problem for enterprises when investing in
A survey of the
organization showed just around 32% of components and accessories made in
Yasuzumi said the
organization was considering a policy to support development of supporting
industries in
UAE group
to develop tourism complex in Quang Ninh
Representatives of
Nakheel, a real estate developer of the United Arab Emirates (UAE), are
scheduled to visit
According to the
Quang Ninh Investment Promotion Agency, the group signed a memorandum of
understanding with the provincial government last July and the visit would be
the next step for the Halong Star project in the
The 125-hectare
Halong Star complex has an estimated investment of US$550 million and
includes a five-star hotel with 250 rooms, 226 villas, 85 houses, 114
apartments and a shopping center.
The agency said the
provincial chairman, Nguyen Van Doc, led a delegation to the Middle East on
May 12-19 and received the Nakheel chairman’s pledge to continue projects in
The Quang Ninh
government said it would create favorable conditions for the group to
implement its projects in the province.
During the trip to
the UAE, Doc also met representatives of Investment Corporation of Dubai
(ICD) and invited them to explore investment opportunities in Quang Ninh,
especially the Van Don Economic Zone, which will become a special economic
zone.
The provincial
government said that Van Don Economic Zone had many good conditions for ICD
to develop its
Through the agency,
the Swiss State Secretariat for Economic Affairs (SECO) will provide some
US$3.9 million for
Do Kim Lang, deputy
head of VIETRADE and national director of the program, told a meeting in Can
Tho City on Tuesday that the program management would develop detailed plans
for brand building and promotion of chosen products and for producers of
these items to spur their exports.
The program also
helps strengthen the capacity of local trade centers, establish
Miroslave Delaporte
of SECO said SMEs were the core of
Vo Thanh Thong,
vice chairman of Can Tho City, said that farm produce and seafood were the
spearhead products of the Mekong Delta, with rice and seafood accounting for
90% and more than 60% of the country’s exports of these products.
However, Thong said
contribution of seafood and agriculture firms in the region stayed as low as 8.3%
of the nation’s total export revenue.
Vietnam’s
first ETF to debut in Q3
Speaking at a
seminar organized by the Hochiminh Stock Exchange (HOSE) on Tuesday, Luong
Thi My Hanh, deputy general director of Vietnam Fund Management Company
(VFM), said VFM in March wrote to the State Securities Commission asking for
permission to open the VN30 ETF to track the VN30 index of the southern
bourse.
VFM expects to
launch an initial public offering (IPO) of the fund in the second or third
quarter. The fund will be listed on the stock market at the end of the third
quarter.
Unlike previous
active funds, the VN30 ETF will follow developments of the VN30 index
consisting of 30 stocks with the highest market capitalization and liquidity
on HOSE.
ETFs are a choice
of investors who prefer sectors such as banking, real estate and production.
For instance, they
can invest in the banking sector of an ETF’s portfolio rather than buy
specific bank shares. With ETFs, investors can join and withdraw quickly,
Hanh explained.
ETFs have more
advantages than other funds such as transparency and low management fees. The
funds also have better liquidity as investors can transact on the primary and
secondary markets.
At present, two
large foreign ETFs, FTSE and VNM, are making strong impacts on the local
market. Established in late 2009, the two funds now have the combined scale
of around US$700-800 million compared to the initial figure of US$50 million
each.
The figures showed
that investors had strong interest in ETFs, Hanh said.
In addition,
domestic ETFs will not have to follow the rule on foreign ownership limit in
listed enterprises. However, investors of Vietnamese ETFs are regulated to
open accounts in the country.
Vietnam and Russia
will intensify economic cooperation in order to realize their two-way trade
target of US$10 billion by 2020, heard an investment and trade promotion
conference in HCMC on Tuesday.
Deputy Minister of
Industry and Trade Do Thang Hai told the conference that trade between the
two countries was still below potential of the nations but more opportunities
were out there to foster economic relations in the years to come.
Evtukhov Viktor Leonhitdovich,
Russian Deputy Minister of Industry and Trade, stressed at the conference
that
Leonhitdovich
believed lower import tariffs would encourage Vietnamese firms to increase
their exports to
Enterprises
attending the conference were also informed of the supporting policies for
exports to
At the event,
Vietnam National Textile and Garment Group (Vinatex) and Russian firms struck
an agreement to develop a Moscow-HCMC light industrial park, which is also
known as Evarz Park, in Moscow.
The group also
inked a deal with Incentra Co. to lease space for showcasing products of
Vinatex at the Hanoi-Moscow trading and hotel complex.
VAMC finds
bad debt settlement tough
A leader of Vietnam
Asset Management Company (VAMC) has admitted that the country’s leading debt
trading firm is struggling with settlement of the bad debt it has bought
since October last year.
One of the reasons
behind the difficulties is that Government Decree 53/2013/ND-CP on VAMC
establishment does not give much help to facilitating operations of the firm,
which is mandated to buy debt from local banks via bond sales.
In the first
quarter of this year, VAMC purchased over VND3.9 trillion worth of original
debt with around VND3 trillion worth of special bonds issued, meeting only 3%
of its bad debt buying target for 2014.
VAMC collected just
around VND300 billion from debt settlements during the period, less than 1%
of the debt value.
Experts said VAMC
by nature was just a place for banks to keep their bad debt temporarily. The
enterprise does not tackle debt directly and just acts as a broker or a debt
management service provider.
Experts said the
process of settling bad debt usually takes three to seven years.
In Vietnam, the bad
debt trading market is just in its infancy while other factors such as the
legal framework and manpower are still insufficient, thus affecting the bad
debt settlement process.
Therefore, VAMC’s
target to buy VND100-150 trillion worth of bad debt in 2014 is seen
completely infeasible. Notably, the figure is even bigger than the bad debt
announced in official reports of credit institutions.
If VAMC could buy
VND150 trillion worth of bad debt this year, banks will have to deduct up to
VND30 trillion for their bad debt reserve funds. The figure is higher than
the combined profit of all lenders last year.
Another concern is
that State-owned enterprises and companies in close connection with banks
account for a large ratio of total bad debt. If bad debt is settled
drastically, lending irregularities may be exposed.
As of the end of
the first quarter, VAMC bought around VND42.8 trillion worth of original debt
at VND35.4 trillion.
Source: VNN/VNA/VNS/VOV/ND
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Chủ Nhật, 25 tháng 5, 2014
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