29 March 2017

VCCI Vice President Receives Major of San Francisco

The relations between Vietnam and the United States in general and Vietnam and US localities in particular are seen as a comprehensive development orientation between Vietnam and the United States, as well as the potential for development and cooperation between Vietnam and the United States in particular. Vietnam is always willing to create conditions for US businesses investing in the long-term business in Vietnam.

Addressing the meeting with the Major of San Francisco Edwin Lee during the latter’s recent working visit to the Vietnam Chamber of Commerce and Industry (VCCI), Dr Doan Duy Khuong, VCCI Vice President said that the US is now the biggest exporting market of Vietnam. He appreciated the cooperation in trade, investment, culture and tourism with the United States, especially with US localities including San Francisco.

As the largest investment and trade promotion organisation in Vietnam, VCCI acted as a focal point connecting the Vietnamese and foreign enterprises, Dr Khuong added.

Mayor of San Francisco Edwin Lee expressed the desire to focus on building cooperation between the two countries, hoping that more and more businesses and organisations in the city would establish business relationships with Vietnamese partners.

“There are people in Vietnam wishing to invest in the United States, and those from the US wanting to invest in Vietnam; both are creating great jobs and great opportunities. We are strong in healthcare, science, technology and education which hold prospects for investment cooperation,” he said.

Giang Tu



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Top seed Wawrinka toppled at Miami Open

MIAMI: Top seed Stan Wawrinka crashed out of the Miami Open on Tuesday (Mar 28) falling 4-6, 6-2, 6-1 to German young gun Alexander Zverev.

Stan Wawrinka of Switzerland returns the ball to Alexander Zverev of Germany during the Miami Open tennis tournament in Key Biscayne, Florida. (Photo source: AP/Luis M. Alvarez)

Zverev’s win earned him his first place in a Masters 1000 quarter-final and he will face the winner of Tuesday’s late game between Australian Nick Kyrgios and Belgian David Goffin.

Roger Federer, Rafael Nadal and Kei Nishikori advanced to the quarter-finals on cue.

Federer had to work hard for his victory against 14th seed Roberto Bautista Agut, emerging with a 7-6 (7/5) 7-6(7/4) win setting up a last eight meeting with Czech Tomas Berdych, the 10th seed, a 6-3, 7-5 winner over France’s Adrian Mannarino.

Nadal beat France’s Nicolas Mahut 6-4, 7-6 (7/4) in a tightly fought contest and will face American Jack Sock who comfortably beat his compatriot Jared Donaldson 6-2, 6-1.

The Spaniard, who has never won the Miami title, got the only break of the match to go 5-4 up in the first set.

Second-seed Nishikori, of Japan, survived a second set scare against Argentine Federico del Bonis en route to a 6-3, 4-6, 6-3.

Nishikori, who lost to Novak Djokovic in last year’s Miami final, will face Italian Fabio Fognini who defeated American Donald Young 6-0 6-4.

Women’s quarter-final:

Karolina Pliskova (CZE) bt Mirjana Lucic-Baroni (CRO) 6-3, 6-4

Men’s fourth round:

Alexander Zverev (GER) bt Stanislas Wawrinka (SUI) 4-6, 6-2, 6-1
Roger Federer (SUI) bt Roberto Bautista (ESP) 7-6 (7/5), 7-6 (7/4)
Tomas Berdych (CZE) bt Adrian Mannarino (FRA) 6-3, 7-5
Rafael Nadal (ESP) bt Nicolas Mahut (FRA) 6-4, 7-6 (7/4)
Jack Sock (USA) bt Jared Donaldson (USA) 6-2, 6-1
Fabio Fognini (ITA) bt Donald Young (USA) 6-0, 6-4
Kei Nishikori (JPN) bt Federico Del Bonis (ARG) 6-3, 4-6, 6-3

Source AFP/ AP



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Exhibition showcases wartime ao dai DTiNews

Designs in use during the war years for ao dai, the Vietnamese traditional costume, are being showcased in an exhibition at the HCM City War Remnants Museum.

Former glory: A photo depicting a student wearing ao dai while she and her classmates rehearse a play about national heroine Vo Thi Sau in a rubber plantation outside old Sai Gon.

The Vietnamese Women through Wars exhibit includes 125 photos, documents and objects related to the costume and to women’s lives during the war.

Huynh Ngoc Van, director of the museum, said the exhibition aimed to introduce the beauty of ao dai and its convenience as well as its use by female soldiers and Vietnamese women in activities to protect the country.

She said it was also hoped that the exhibit would send a message to the public to preserve and promote the costume.

On display are ao dai worn by women prisoners, politicians, soldiers, and students, including Truong My Le and Nguyen Thi Phi Van who took part in various movements of the Sai Gon – Gia Dinh Union beginning in 1960.

The exhibition also includes photos of students in ao dai taking part in parades against wars in Sai Gon in the 1960s and 1970s.

Various exhibits, such as poems on ao dai and sewing machines for making costumes for the soldiers are on display as well.

During the exhibition, there are seminars and discussions of ao dai in old and modern times, and the role of the costume in political movements in Sai Gon.

The exhibition, opened yesterday by the museum, the Cultural Heritage Association of HCM City and the Si Hoang Trading Service Company, celebrates the Viet Nam Heritage Day.

The exhibition closes on December 17 at 28 Vo Van Tan Street in District 3.



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Vietnam faces return of trade deficit

Vietnam has recorded a trade deficit of nearly USD2 billion so far this year following the trade surplus of USD2.7 billion in 2016.

According to the General Statistics Office, after many years of trade deficit, Vietnam reported a trade surplus of USD2.7 billion in 2016.

However, since the beginning of this year, the country has witnessed a sharp rise of trade deficit of nearly 2 billion.

In many cases in the increase in the trade deficit was due to the higher demand for the local economy’s production activities, which was a positive indicator.

But the remarkable rise in trade deficit in the context of the country’s economic slowdown is worrisome. In the first two months of this year, industrial production value only increased 2.4% against the same period of last year. In February, the country licensed 5,460 new businesses, down 39.3% on-year. Meanwhile, foreign direct investment also decreased, compared to the same period last year.

The high trade deficit so far this year is partially attributed to the increasing import of cars from ASEAN countries due to lower taxes. Following the ASEAN Trade in Goods Agreement, Vietnam will fully remove tariffs on imported cars from ASEAN countries from 2018. Meanwhile, the exports have seen a slow growth because of problems related to the quality of Vietnamese goods and trade barriers from foreign countries.



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Brazil first team to qualify for World Cup after Uruguay upset

SAO PAULO: Brazil became the first country to qualify for the 2018 World Cup on Tuesday (Mar 29) after Uruguay crashed to an upset 2-1 defeat against Peru.

Football Soccer – Brazil v Paraguay – World Cup 2018 Qualifiers – Arena Corinthians stadium, Sao Paulo, Brazil – 28/3/17 – Brazil’s Neymar velebrates his goal. photo source: REUTERS/Paulo Whitaker

The Brazilians had moved to the brink of qualification after defeating Paraguay 3-0 in Sao Paulo earlier Tuesday.

But Uruguay’s surprise loss in Lima and results elsewhere mean Brazil are guaranteed one of the four automatic qualifying berths from South America.

Source AFP/ REUTERS



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Việt Nam, Japan ink MoU to boost tourism

Viet Nam News

HÀ NỘI — Việt Nam and Japan signed a memorandum of understanding (MoU) on Tuesday to boost tourism cooperation between the two countries.

The two sides were represented by the Vietnam National Administration of Tourism (VNAT) and Japan National Tourism Organisation (JNTO).

Under the MoU, both nations will work together to promote tourism initiatives, introducing attractive destinations, encouraging visitor exchanges, and sharing experience and information in areas of mutual concern.

On the same day, the JNTO officially opened its representative office in Việt Nam.

Speaking at the opening ceremony, VNAT general director Nguyễn Văn Tuấn said the results of bilateral tourism cooperation have already been positive. In the 2010-16 period, the number of Japanese tourists coming to Việt Nam increased at an average of 9 per cent per year.

In 2016, Việt Nam saw 740,000 visitors from Japan, up 10 per cent from a year earlier. Around 233,000 Vietnamese tourists visited Japan, a year-on-year increase of 26 per cent, Tuấn said.

He added that the opening of the JNTO office in Việt Nam would further increase the number of outbound and inbound tourists between the two countries.

The two sides have set a target of one million Japanese visitors to Việt Nam and 500,000 Vietnamese tourists to Japan by 2018.

JNTO president Ryoichi Matsuyama said his organisation plans to launch dozens of tours to Japan so that Vietnamese travellers can experience the different cultural aspects of Japan, such as cuisine, cherry blossoms and the various festivals.

Takahashi Ayumi, chief representative of JNTO office in Việt Nam, said that by opening the office, the JNTO would be able to improve tourist information on website camnhannhatban.vn and other channels, stimulate the tourism demand of people living in Việt Nam’s big cities as well as support Vietnamese tour operators in selling tours to Japan.

The JNTO is scheduled to participate in the 2017 Việt Nam International Travel Mart, to be held from April 6 to 9. — VNS



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Vinalines to sell its shipyard company

  • VN: Foreign tourists surge by 29% in Q1

Viet Nam News HÀ NỘI - Việt Nam welcomed 3.2 million foreign tourists in the first three months of the year, up by 29 per cent against the same period last year. This was announced by the Vietnam National Administration of Tourism (VNAT) on Tuesday. In term of markets, the highest number of people visiting Việt Nam was from Asia from January to March with 2.3 million people, followed by Europe with nearly 560,000 people. The American region ranked third with 247,000 visitors. The number of Asian visitors in the three months was 34 per cent higher than the figure…... [read more]

  • Seoul approves N.Korea women’s hockey visit

North Korea’s women’s ice hockey team. — AFP Photo Viet Nam News Ihockey SEOUL — Seoul has granted rival North Korea’s women’s ice hockey team permission to play in the South next week, the Unification Ministry said on Wednesday, a positive sign ahead of next year’s Winter Olympics. Teams from the North and South are due to face off against each other in division II group A of the women’s world ice hockey championships, being held in the eastern city of Gangneung next week. It is a test event for the Pyeongchang Games, which begin in less than 11 months’…... [read more]

  • Bình Dương records $1.7 billion trade surplus in Q1

Viet Nam News BÌNH DƯƠNG - The southern province of Bình Dương has recorded a trade surplus of US$1.7 billion in the first quarter of 2017, thanks to businesses using locally-sourced raw materials for production. During the first three months of the year, the province earned $6.36 billion from exports, mostly of wooden products, textiles and garments, and footwear; while its imports came to $4.66 billion, a provincial People's Committee report said. The province also saw a breakthrough in attracting foreign direct investment (FDI). As of mid-March, it had lured more than $1.34 billion in FDI. Of the total, $793…... [read more]

  • Hải Phòng draws $208 million in Q1 FDI

Viet Nam News HẢI PHÒNG - More than US$208.5 million in foreign direct investment landed in northern Hải Phòng City in the first quarter of 2017, up nearly 16 per cent against the same period last year. Of the figure, $57.34 million came from six newly-registered projects, while the remaining $151.18 million was added to nine operational projects. The city has till date hosted 491 valid FDI projects with total investment of some $14 billion. It is believed that growth has largely been a result of the city's efforts to develop local infrastructure. A number of large-scale projects have been…... [read more]

  • Top-seed Wawrinka ousted at Miami Open

Stan Wawrinka of Switzerland in action against Alexander Zverev of Germany at Crandon Park Tennis Centre on Tuesday in Key Biscayne, Florida. — AFP Photo Viet Nam News Tennis MIAMI — Top seed Stan Wawrinka crashed out of the Miami Open on Tuesday falling 4-6, 6-2, 6-1 to German young gun Alexander Zverev, who booked his first Masters 1000 quarter-final. Roger Federer, Rafael Nadal and Kei Nishikori advanced to the quarter-finals on cue. But Wawrinka, beaten by fellow Swiss Federer in the final of Indian Wells earlier this month, looked weary as he struggled through the third set of a…... [read more]

  • 3 telecom giants fined for fake subscriptions

Viet Nam News HÀ NỘI - The Ministry of Information and Communications said that it has fined Viettel, VinaPhone and MobiFone VNĐ$85 million (US$3,728) for using fake identity cards to register pre-paid phone subscriptions. The ministerial inspection team found that the telecommunication enterprises themselves provided the information to register for the subscriptions, which violated regulations. The inspection team found many VinaPhone subscriptions registered without photos from the identity cards and subscriptions with incorrect names. In addition, there were cases where a single fake identity card was used to register information for more than three subscribers. The information on these identity…... [read more]

  • Arab leaders meet to address conflicts and ’terror’

SWEIMEH, Jordan —Arab leaders are set to meet in Jordan on Wednesday for their annual summit with no expected breakthrough on resolving conflicts or "terrorism" in the region. Saudi Arabia’s King Salman is among 22 leaders attending the Arab League for the meeting in Sweimeh on the Dead Sea coast from 0900 GMT. UN chief Antonio Guterres and his special envoy for Syria, Staffan de Mistura, are also expected to be present. The leaders are set to discuss the wars in Syria, Iraq, Libya and Yemen, the fight against "terrorism" and the Israeli-Palestinian conflict, according to Jordan’s information minister. "I…... [read more]

  • Trump moves to roll back Obama climate measures

United States President Donald J. Trump makes remarks prior to signing an Energy Independence Executive Order at the Environmental Protection Agency (EPA) Headquarters in Washington, DC, USA, on Tuesday. The order reverses the Obama-era climate change policies. — EPA/VNA Photo Viet Nam News WASHINGTON —President Donald Trump declared the end of a "war on coal" on Tuesday, as he moved to curb rules that underpin American emissions targets and a major global climate accord. Following through on an election promise, Trump signed an order to review some of his predecessor Barack Obama’s climate legacy, declaring an end to "job-killing regulations".…... [read more]

  • Britain to launch EU exit process on Wednesday

A handout photo shows British Prime Minister Theresa May signing a letter of notification to the President of the European Council setting out the United Kingdom’s intention to withdraw from the European Union at 10 Downing Street in London, Britain, on Tuesday. May will deliver a statement to parliament in London on Wednesday. — EPA/VNA Photo Viet Nam News LONDON —Britain formally launches the process for leaving the European Union on Wednesday, a historic step that has divided the country and thrown into question the future of the European project. Just days after the EU’s 60th birthday, Britain is poised…... [read more]

  • Making ’Valerian’ was childhood dream for France’s Besson

Actress Cara Delevingne and director Luc Besson attend an STXfilms presentation during CinemaCon in Las Vegas. — AFP/VNA Photo Viet Nam News LAS VEGAS — Legendary sci-fi director Luc Besson revealed Tuesday he has been thinking about making his latest film Valerian and the City of a Thousand Planets since he was 10. The 58-year-old French auteur has made a string of iconic hits, including The Fifth Element, Leon: The Professional, Lucy and Nikita. But he said his upcoming movie has been a passion project since he began reading the serialized 1960s comics from Pierre Christin and Jean-Claude Mezieres on…... [read more]

Pavement crackdown continues in HCM City

  • Ho Chi Minh city Party Committee issues decree on urban order management

(CPV) - The Ho Chi Minh city Party Committee has issued Decree 11 - CT/TU on increasing its management of urban order. Under the decree, the city Party Committee asked Party Executive Committees, Party organizations, authorities, departments, agencies, the Fatherland Front and socio-political organizations to increase the education of laws, encourage cadres, Party members, officials, workers, laborers, students, pupils and people to enhance their awareness and responsibility in obeying laws, contributing to developing urban order and civilization, practising cultural lifestyle, not littering on roads, not encroaching roads and pavements for inadequate trading, and realizing well road traffic law. Urban management…... [read more]

  • HCMC prepares many works for 40th Reunification Day

Ho Chi Minh City has rushed to complete many works to celebrate the 40th anniversary of the southern region’s liberation and the country’s reunification, April 30. Nguyen Hue walking street in District 1, HCMC (Photo: SGGP) A stage together with stands has been built at April 30 Park and Le Duan Street to restore lively scenes on the April 30 of 40 years back. Streets have been decorated in the downtown area such as Le Duan, Nguyen Thi Minh Khai, Nguyen Du, Dong Khoi, Ton Duc Thang, Nam Ky Khoi Nghia and Pham Ngoc Thach. Especially, Nguyen Hue walking street…... [read more]

  • February highlights at major restaurants in city downtown

February highlights at major restaurants in city downtown The Saigon Times Daily Café Cardinal Café Cardinal on level 6 of the Times Square Building will offer a selection of flavorful regional and international recipes featuring fresh crab and lobster during this month. Favorites include roasted river prawn with curry, grilled lobster topped with aioli sauce, and specialty langoustine ravioli with sautéed cabbage. A la carte dishes are priced from VND420,000++. On Valentine's Day, there is a romantic dinner of fresh seafood on ice, flavorful terrines, caviar station, oysters, foie gras, and U.S. beef with river prawns and U.S. scallops. The…... [read more]

  • High rent for retail premises cuts into profits for coffee chains

VietNamNet Bridge - Analysts question whether high-end coffee chains can make profits when paying high rent for retail premises. Coffee King Dang Le Nguyen Vu Sources said that Starbucks has to pay VND320 million a month in rent for retail premises for its first shop near the New World Hotel. Meanwhile, the rent of the first Caffe Bene shop, located on Dong Khoi street, is approximately VND400 million a month. Highlands Coffee reportedly pays VND100-200 million a month on Trang Tien street in the central area of Hanoi. Trung Nguyen, also positioning itself as a luxury brand, sets up its…... [read more]

  • HCM City clears up pavement for Tet Holiday

The authorities in HCM City's District 1 have started clearing up the pavements which are encroached by illegal parking areas and street vendors to improve the city's look and prevent congestion. Local security guards and traffic police have been sent out to deal with the issue. The authorities fined three car owners with their vehicles parked outside of Grand Hotel in Dong Khoi Street. On Ngo Duc Ke Street, the authorities removed various furniture, vehicles and food stalls from the pavement. Benches which were installed around a tree by a restaurant were also removed. Doan Ngoc Hai, vice chairman of…... [read more]

  • HCMC opens new bus route linking district 8 with Tien Giang Province

A new bus route connecting District 8 in Ho Chi Minh City with Go Cong Town of the Mekong delta province of Tien Giang was launched yesterday, meeting the high travel demand between the city and localities in the Mekong Delta. (Photo: SGGP) The municipal Department of Transport in cooperation with its counterparts in Tien Giang Province and Long An Province opened the new route.The route is 53 km long with 120 trips a day. It runs from Go Cong Town at 3.15 am as the first trip and at 7.45 pm at the Bus Station in district 8 as…... [read more]

  • Japanese firm's design selected for HCM city administrative hub

The new complex will occupy an area of more than 18,000 square meters surrounded by Le Thanh Ton, Pasteur, Ly Tu Trong and Dong Khoi streets in District 1. The project's height will be capped at 30 meters. The design of Japanese architecture firm Nikken Sekkei Ltd. Photo: Tan Phu The building will house eight municipal agencies, including the Ho Chi Minh City People’s Committee, Departments of Interior, Information and Communications, Industry and Trade, Transport, and Natural Resources and Environment, with around 1,700 public servants. The old French colonial hotel that currently houses the Ho Chi Minh City People’s Committee…... [read more]

  • Saigontourist with Reunification Day and Int’l Labor Day programs

The rooftop Grand Café will offer a buffet dinner program from 7:30 p.m. to 10 p.m. on April 30 at a cost of VND1.09 million per adult and VND650,000 per child. Guests can enjoy a free flow of wine, beer, soft drinks and drinking water. Located on the 20th floor, the outdoor café provides a panoramic view of the city’s busy downtown and the romantic Saigon River. Grand Hotel Saigon: 8 Dong Khoi Street, District 1, HCMC. Tel: 08 39 155 555. Liberty Central Saigon Riverside Hotel The hotel’s Central Restaurant on the first floor will throw a buffet party…... [read more]

  • Saigon Café hosts seafood themed dinners in April

There is an assortment of fresh seafood from the starter, carving station to cooked-to-order station, including freshly cooked crabs and tiger prawns on ice, prawn and broccoli in cocktail sauce, jelly fish salad and assorted handmade sushi with pickled ginger. There is a dedicated oyster bar of fresh Nha Trang oysters with red shallot vinaigrette, Japanese soya dressing, lime, wasabi foam or Tabasco. Guests should not miss the special seafood highlights of the night including crab bisque, Canadian lobster cooked to order, baked whole sturgeon, sautéed prawn, and grilled fish with chilli and lemongrass. Guests can also order to cook…... [read more]

  • A peek inside HCM City's new, lavish Reverie Saigon hotel

The newspaper describes the Reverie Saigon's design as "unapologetic splendor" and its rooms "ranging from sophisticated modern and classical European to whimsically sassy." Reverie Saigon on Nguyen Hue street, Ben Nghe ward, District 1, HCM City is set to open this summer. Each of the 286 rooms features floor-to-ceiling windows, and there are 12 categories and sizes of rooms, the hotel announcement says. Furnishings have been designed by Italian designers Visionnaire, Provasi, Giorgetti and Colombo Stile. In-house restaurants include R&J Italian restaurant and lounge, named for Romeo and Juliet, which serves traditional Italian food, and the design-heavy Royal Pavilion with…... [read more]

Giant turtle statue proposal fails to float Hanoi’s boat

A Hanoian man’s proposal for a bronze and gold statue of a legendary turtle god to be erected in the capital by Hoan Kiem Lake has drawn widepread criticism.

Ta Hong Quan, a local artist, said the city could raise money from private sources to build an 11-foot statue weighing up to 10 tons along the walking area of the iconic lake.

Quan said he first submitted the idea to the city’s People’s Committee in 2011, but has never received a response. Late last year, he sent the proposal directly to city chairman Nguyen Duc Chung.

Chung has not commented on the idea either.

Quan recently approached local media to draw public attention to the plan, which he said is “more suitable” than the culture ministry’s suggestion early this month to build a Kong statue in Hanoi, after the “Kong: Skull Island” blockbuster.

proposal-to-build-turtle-god-statue-in-hanoi-raises-eyebrows-ed

Proposed locations for the statue around Hoan Kiem Lake.

The turtle is one of the four holy animals, according to Chinese beliefs, together with the dragon, lion and phoenix.

In Vietnam, the turtle god is worshipped and part of many legends. One says that it helped An Duong Vuong, a Vietnamese ruler during the third century BC, build his spiral, shell-like Co Loa Citadel.

Hoan Kiem (Returned Sword) Lake was thus named after a legend that says a golden turtle god showed up in the lake to take back the sword it had given to King Le Loi in the 15th century to help him fight Chinese invaders.

“Vietnam now lacks a recognizable icon with strong traditional values, like France’s Eiffel Tower or the Statue of Liberty in the U.S.,” Quan said.

He said if the plan is approved, a competition should be launched to find the best design.

Historian Duong Trung Quoc supported the idea but said it must be executed with great caution because it could collide with the city’s urban planning, and also because it has to successfully serve its spiritual purpose.

“Officials should listen to the experts and the public to make the right decision,” Quoc said.

Actually, thousands of members of the public have given their opinions on the idea in a survey conducted by VnExpress.

The survey asked readers if they thought it was a good idea for a statue to be built by Hoan Kiem Lake, and out of more than 13,200 responses received in less than a day, 78 percent said “no.”

Many said it would be a waste of money, and that the “clear and beautiful” space around the central lake should not be obstructed by an artificial project.

The lake and its Turtle Temple are a picturesque symbol of Hanoi. The lake used to be home to a rare giant turtle which was loved by many Hanoians. It died in January last year due to pollution.

Some said the money should be used to clean up the lake and raise another turtle in there.



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VN-Index trades lower as blue chips slide

The benchmark VN-Index traded below the reference threshold at 179.13 points on Wednesday morning as investors continued to offload large-cap stocks.

The benchmark VN-Index traded below the reference threshold at 179.13 points on Wednesday morning as investors continued to offload large-cap stocks.

On the HCM Stock Exchange, 18 of the 30 largest shares by market capitalisation declined and 11 advanced.

Losers included agricultural companies, banks and securities firms.

Hoang Anh Gia Lai Co (HAG) and its agricultural arm Hoang Anh Gia Lai Agricultural Investment JSC (HNG) slumped five per cent and six per cent, respectively.

Banks such as Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) followed Saigon Securities Inc (SSI) and HCM Securities Corp (HCM), all incurring losses.

Shares declined more sharply on the Ha Noi Stock Exchange, with the HNX-Index down 0.54 per cent at 90.1 points.

On the positive side, insurers and food & drink companies continued to rise.

PVI Holdings (PVI) hit the daily maximum rise for a second day after the insurer announced a 20 per cent dividend and plans of easing foreign ownership limit to 100 per cent.

Other insurance companies such as Bao Viet (BVH), Bao Minh (BMI) and Petrolimex Insurance (PGI) increased between 0.5-6 per cent each.

A total of nearly 118 million shares worth VND2.1 trillion (US$90 million) were traded on the two exchanges.

Afternoon trade starts at 1pm.

Source VNS



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Woman suffers serious burns in Ho Chi Minh City power station blast

A woman has been injured in an explosion at an electrical substation in Ho Chi Minh City, sparking fears over the safety of the equipment in use.

A woman has been injured in an explosion at an electrical substation in Ho Chi Minh City, sparking fears over the safety of the equipment in use.

Tran Quoc Thanh Nha, 33, of Binh Tan District, was still being treated for burns across her face and body at the Trung Vuong Hospital on Tuesday.

Her injuries, which are most serious on her face, arms, and legs, were caused by a power substation explosion on Le Trong Tan Street in Binh Tan on Friday last week.

According to the victim, she was riding her motorbike to look for a photocopy shop when the substation in front of 681 Le Trong Tan blew up.

“As I felt a burning sensation on my face and limbs, I asked local residents for some water to apply to the wounds,” Nha recalled.

She was later taken to the hospital as her condition quickly deteriorated.

“Luckily I was wearing a helmet, jacket, and gauze mask; otherwise my injuries would have been much worse,” she said.

According to Nguyen Van Vinh, Nha’s husband, two employees from Binh Phu Power, the company that operates the substation, have been paying her regular visits.

Another staffer was also asked to stay at the infirmary to help Vinh look after his wife.

“I don’t understand why the electrical substation would explode,” Vinh said, before expressing worries at the fact that “there are many of these on the city’s streets, posing a threat to citizens.”

According to the observation of Tuoi Tre (Youth) newspaper reporters on Tuesday afternoon, the substation has already been replaced by a new one.

Local residents confirmed that the device had not shown any signs of danger prior to the blast.


A woman sells her stuff next to a substation in Hanoi.

Preventive measures

Hoang Tuan Vinh, deputy director of Binh Phu Power, attributed the accident to an oil leak at one of the three electrical transformers installed at the station.

The company leader confirmed that the facility had operated normally before the incident, and monthly inspections had been carried out as per procedure.

Regarding compensation, the firm will pay all of Nha’s medical bills, with further consideration to be made after negotiating with the victim’s family.

According to Pham Quoc Bao, deputy general director of the Ho Chi Minh City Power Corporation (EVN HCMC), the explosion is a rare case given the tens of thousands of substation installed across the city.

These stations will often operate at 60 percent of their capacity, Bao said, adding that an oil leak could only occur if they work at over 80 percent.

Protocols must be followed to prevent similar accident from happening, while maintenance and evaluation must be carried out every month.


This image is commonplace in Vietnam.

Another official from EVN HCMC said the corporation had sent a team of technicians to work with Binh Phu Power.

“Any violations regarding the operation and maintenance of any substation will be penalized,” he said.

On November 17, 2016, a power substation in Ha Dong District, Hanoi exploded, killing one person and injuring four others.

Another blast caused by lightning occurred at a station in District 10, Ho Chi Minh City on September 20, 2016, resulting in power loss across the local neighborhood.



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