Chinese professor proposes ASEAN, China step up trade links

Provinces and cities in northern Vietnam have been requested to prepare to deal with flood and landslides in the region. Since the beginning of August, heavy rains and flash floods have claimed at least 34 lives and left 11 others missing and more than 20 injured in the northern region In a notice sent to localities, ministries, Vietnam News Agency (VNA), Vietnam Television (VTV) and Radio the Voice of Vietnam (VOV), the Central Steering Committee for Natural Disaster Prevention and Control said that rainstorms may occur from August 13-16 in the northern region, especially in mountainous provinces. The steering committee warned Lai Chau, Son La, Dien Bien, Lao Cai, Yen Bai, Ha Giang, Tuyen Quang, Cao Bang and Bac Kan provinces of high risks of landslides and flash floods. To minimise human and property losses, it asked local steering boards of natural disaster prevention and control and search and rescue to assign their members to focus on areas at risk of landslides and flash floods and that are easily cut off by floods. Localities were asked to monitor rain and flood developments and spread information to locals, especially those vulnerable to natural disasters, to implement preventive measures.  Search and rescue forces have to be ready around the clock in high-risk areas to take action if disasters occur, the steering committee noted. The VNA, VTV, and VOV, as well as news and media agencies of the localities were requested to increase coverage of disaster-related information and skills to deal with torrential…... [read more]

Hanoi, August 14 (VNA) – Provinces and cities in northern Vietnam have been requested to prepare to deal with flood and landslides in the region.  In a notice sent to localities, ministries, Vietnam News Agency (VNA), Vietnam Television (VTV) and Radio the Voice of Vietnam (VOV), the Central Steering Committee for Natural Disaster Prevention and Control said that rainstorms may occur from August 13-16 in the northern region, especially in mountainous provinces.  The steering committee warned Lai Chau, Son La, Dien Bien, Lao Cai, Yen Bai, Ha Giang, Tuyen Quang, Cao Bang and Bac Kan provinces of high risks of landslides and flash floods.  To minimise human and property losses, it asked local steering boards of natural disaster prevention and control and search and rescue to assign their members to focus on areas at risk of landslides and flash floods and that are easily cut off by floods.  Localities were asked to monitor rain and flood developments and spread information to locals, especially those vulnerable to natural disasters, to implement preventive measures.  Search and rescue forces have to be ready around the clock in high-risk areas to take action if disasters occur, the steering committee noted.  The VNA, VTV, and VOV, as well as news and media agencies of the localities were requested to increase coverage of disaster-related information and skills to deal with torrential rains and floods.  According to the Central Steering Committee for Natural Disaster Prevention and Control, since…... [read more]

Since the beginning of August, heavy rains and flash floods have claimed at least 34 lives and left 11 others missing and more than 20 injured in the northern region (Source: VNA) Hanoi (VNA) – Provinces and cities in northern Vietnam have been requested to prepare to deal with flood and landslides in the region. In a notice sent to localities, ministries, Vietnam News Agency (VNA), Vietnam Television (VTV) and Radio the Voice of Vietnam (VOV), the Central Steering Committee for Natural Disaster Prevention and Control said that rainstorms may occur from August 13-16 in the northern region, especially in mountainous provinces. The steering committee warned Lai Chau, Son La, Dien Bien, Lao Cai, Yen Bai, Ha Giang, Tuyen Quang, Cao Bang and Bac Kan provinces of high risks of landslides and flash floods. To minimise human and property losses, it asked local steering boards of natural disaster prevention and control and search and rescue to assign their members to focus on areas at risk of landslides and flash floods and that are easily cut off by floods. Localities were asked to monitor rain and flood developments and spread information to locals, especially those vulnerable to natural disasters, to implement preventive measures.   [People lend a helping hand to flood victims in north] Search and rescue forces have to be ready around the clock in high-risk areas to take action if disasters occur, the steering committee noted. The VNA, VTV, and VOV,…... [read more]

Vietnam's prime minister has called for an increase in credit growth to 21 percent this year to help the country hit its economic growth target, state media reported on Monday, potentially adding to concerns over the pace of new lending. Prime Minister Nguyen Xuan Phuc stated the goal at a meeting of top officials at the weekend, where he emphasized the importance of hitting the 6.7 percent annual economic growth target, Vietnam News Agency and other state outlets said. In February, Vietnam's central bank set a 2017 credit growth target of 18 percent, and there has been no announcement that the official target has been increased. The central bank cut its refinancing rate by 25 basis points to 6.25 percent in July If the prime minister's goal becomes an official target, this could make further interest rate cuts more likely, said ANZ economist Eugenia Victorino. "But then the quality of credit growth and the quality of growth overall in the economy may be at risk," she said. The July rate cut came just days after the International Monetary Fund voiced concerns about credit growth and said rates should stay on hold. Vietnam is still suffering the fallout from a 2011 banking crisis, caused by excess lending into sectors such as real estate. But the government is also hard pressed to meet its 2017 growth target after the economy grew at an annualized rate of 5.73 percent in the first half. Growth of 6.21 percent last year fell short of…... [read more]

What lies ahead for Saigon’s once-feared slum? A long overdue development project has left residents in one of the city’s biggest slums in limbo for the past 17 years. Rumor of banker's arrest wipes $2bln off Vietnam stock market The government has stepped in to quell investor fears, saying false rumors sparked the crash.  One in 10 Vietnamese drug addicts living in Saigon The country's biggest city also accounts for 16 percent of new HIV cases reported nationwide. Vietnamese American man nicked for suspected car theft in southern Vietnam A group of vigilantes chased the man down when they spotted him driving the stolen vehicle. Saigon forecast to become Asia’s second fastest growing economy by 2021: report Vietnam’s southern metropolis is on track to achieve 8 percent annual growth over the next five years. Vietnam wins US defense pledges; American aircraft carrier to visit next year It is believed to be the first visit by a U.S. aircraft carrier since the Vietnam War ended in 1975. The man behind Saigon's sidewalk cleanup campaign returns to the streets 'The wards didn't take the task seriously and allowed the sidewalks to be retaken, so I have returned to deal with it.' Vietnam officials flummoxed by Russian beggar on popular tourist island Phu Quoc authorities want more power to deal with foreigners who beg, disrupt public order, cause traffic accidents and street fights.  Saigon’s food waste piles up to alarming levels Vietnam's street food heaven has trouble finding space to dump organic waste,…... [read more]

An outdoor exhibition featuring 50 photos of old Hanoi will be held on pedestrian streets near Hoan Kiem Lake from August 11 to 13. Luong Ngoc Quyen Street in 1996 by Nguyen Huu Bao The exhibition is organised by Sports and Culture Newspaper, Asia Friendship Company and Vietnamtourism-Hanoi JSC on the occasion of 10th anniversary of Bui Xuan Phai - For the Love of Hanoi Awards.  Eight winners of the grand prize, more than 50 nominations and 30 inspiring high-quality works of art depicting Hanoi and a love for Hanoi have been honoured at the awards. 50 photos are captured or collected by five photographers who have won Bui Xuan Phai Awards in the past decade including Le Vuong, Quang Phung, Nguyen Huu Bao, Dinh Trong Hieu and Dutch photographer Loes Herrink. Loes Herrink is the author of the photographs Hanoi bicycle vendors from above and ethnographer Dinh Trong Hieu was awarded for his collection of colour photos of Hanoi during 1914-1917.  Photographer Le Vuong was awarded the grand prize in 2016, Nguyen Huu Bao was awarded a work prize in 2017 and Quang Phung won the grand prize in 2013.    The photographers show an enthusiasm to participate in the exhibition and said it inspired them and make them want to do more for Hanoi.  Dinh Trong Hieu also sent two photos of serene Hanoi he took by Hoan Kiem Lake in 1979. Loes Herrink sent dozens of photos. She said she was mesmerised by the street vendors and…... [read more]

The Vietnamese delegation has a working session with India’s Observer Research Foundation (ORF) representatives (Source: VNA)   New Delhi (VNA) – A delegation of the Centre for Indian Studies (CIS) under the Ho Chi Minh National Academy of Politics (HCMA) is on a visit to India from August 6-18 to explore how soft power is used in the country. On August 9, the delegation visited India’s Observer Research Foundation (ORF) and engaged in a seminar on the India-Vietnam relations, under which the Indian side shared experience in promoting its soft power. The seminar was co-chaired by Assoc. Prof. Dr. Le Van Toan, CIS Director and Chairman of the HCMA’s Science Council, and Prof. Harsh V.Pant , Director of the ORF’s Strategic Studies Programme. Later the same day, the delegation visited the Centre for East Asia Studies (CEAS) under the School of International Studies of the Jawaharlal Nehru University (JNU). Toan, who led the delegation, and CEAS Director Prof. Dr. Srikanth Kondapalli discussed the possibility to enhance the two sides’ cooperation in research and training in the field of soft power promotion. They also talked about ways to enhance connectivity between scholars as well as learning exchange between Vietnam and India in general and the two centres in particular. On this occasion, Toan co-chaired a seminar with professors, lecturers, researchers and students of JNU. Apart from Delhi, the delegation is scheduled to make fact-finding trips to agencies…... [read more]

Ministry suggests building property tax lawThe Saigon Times Daily HCMC – The Ministry of Finance has proposed the Government build a property tax law in a bid to generate a new revenue stream for the State budget. According to the Vietnam News Agency, a Finance Ministry report says land use tax revenue accounts for a mere 0.03% of gross domestic product (GDP), and around 0.15% of total State budget revenue. Meanwhile, according to the ministry, property tax in other countries is a vital revenue stream for their budgets. Property tax revenue makes up about 2% of GDP in OECD (the Organization for Economic Co-operation and Development) countries, with Canada taking the lead with 4%, followed by the United States with 3%. The property tax is regarded as their direct tax revenue source, as it is levied on specific assets, especially housing and land. Besides, asset tax reform in some countries like Canada, Australia and Malaysia is mainly intended to tax high-value assets and add property tax payers. The future prospect for the domestic real estate market is bright as a host of new legal documents such as the Housing Law and the amended Law on Real Estate Business will come into force, the Vietnam News Agency quoted a source from the ministry as saying. Especially, average incomes of Vietnamese citizens soared from US$1,400 in 2013 to US$2,200 in 2016 per capita. The figure is forecast to reach US$3,400 by 2020. According to the source, real estate investment will be more active…... [read more]

EU supports central role of ASEAN in cooperative relations in Asia-Pacific (Illustrative image. Source: internet) Brussels (VNA) – The European Union (EU) supports the central role of the Association of Southeast Asian Nations (ASEAN) in cooperative relations in Asia-Pacific. Xavier Nuttin, an advisor of Asian policies of the European Parliament made the remark in a recent exchange with reporters from Vietnam News Agency in Brussels, Belgium, on the occasion of the 50th founding anniversary of ASEAN. He said ASEAN plays a significant role in the global arena, both politically and economically.    [PM chairs ceremony to mark ASEAN founding anniversary] The 10-member bloc is the sixth largest economy in the world and is expected to become the fourth biggest by 2050, he said. The EU is ASEAN’s second biggest trade partner and largest investor, accounting for 20 percent of total foreign investment in the region, he said, noting that trade plays an important role in cooperation programmes the EU is sponsoring for ASEAN with nearly 50 percent of investment poured into the economic sector. The two sides aim to sign a free trade agreement, an initiative they launched in the 2000s. The EU has opened negotiations for trade deals with many ASEAN member countries, including Vietnam. Vietnam and the EU concluded negotiations on a bilateral trade agreement in 2015, with the deal awaiting ratification. Nuttin evaluated Vietnam as an important member in ASEAN with a special geographical location, large population and…... [read more]

ASEAN photos on show in HanoiPhi Vu Visitors are seen at the photo exhibition which is open until August 11 at Ly Thai To Statue Square in Hanoi - PHOTO: TTXVN An outdoor photo exhibition highlighting landscapes, cultures and peoples of ASEAN member nations is on until August 11 at Ly Thai To Statue Square, Dinh Tien Hoang Street, Hoan Kiem District, Hanoi, the Vietnam News Agency reports. As part of a series of cultural and artistic events in celebration of the 50th anniversary of the Association of Southeast Asian Nations (ASEAN), the seven-day exhibition with its theme “ASEAN countries and peoples” offers chances for local and regional photographers to meet up and talk about photography as well as promotes mutual understanding between ASEAN members. About 230 artworks by 136 photographers in the 10 ASEAN countries -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam -- are on display during the event, allowing visitors to explore the peoples, cultures and landscapes in the region.  The photos displayed at the exhibtion were selected from 10,000 entries of 1,200 amateur and professional photographers from ASEAN member nations who took part in the photo contest launched by the Department of Art, Photography and Exhibitions under the Ministry of Culture, Sports and Tourism. The event is organized by the Ministry of Culture, Sports and Tourism in partnership with the Ministry of Foreign Affairs and the government of Hanoi City.    ... [read more]




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