VN’s exports of gems and precious metals drops

VietNamNet Bridge – Viet Nam will send seven young golfers, of average age 18, to take part in the upcoming Southeast Asian (SEA) Games in Malaysia. Golfer Doan Xuan Khue Minh is the youngest player in the Viet Nam sport delegation at the upcoming SEA Games. — Photo golfplus.vn Four of them will compete in the games for the first time, including Doan Xuan Khue Minh, 14; Nguyen Hung Dung, 16; Hanako Kawasaki, 17; and Nguyen Phuong Toan, 18. They will compete alongside veterans Truong Chi Quan, 19, Do Le Gia Dat, 23, and Nguyen Thao My, 19. These young aces are expected to bring a breath of fresh air to the national team. Four of the young golfers represent the promising junior golf generation in Viet Nam. Dung and Toan have been trained in prestigious golf institutes in the United States (US). Minh is training at the Leadbetter Golf Academy in Ha Noi. Meanwhile, Hanako, who has both Vietnamese and Japanese antecedents, has not been practising in any academies, but she is the defending champion at the national women’s golf tournament and Viet Nam Junior Open. Earlier, Vietnamese sports authorities decided to select only golfers under 25 for the national team to compete in the games. Nguyen Quoc Hung, head of golf section in the National Sports Administration, explained: “In the recent years, most winners at the national tournaments were very young. They are trained well abroad. Selecting young golfers is a big investment for Viet Nam golf in…... [read more]

VietNamNet Bridge – A hundred of Vietnamese singers, actors, MCs and models recorded a song together to cheer on the Viet Nam National Football Team at the region’s biggest sports event, the 29th SEA Games in Malaysia next week. Vietnamese artists act in the Nhung Ngoi Sao San Co (Football Stars) music video to cheer the national football team at the 29th SEA Games. Photo from DJ Wang Tran’s Facebook Page Nhung Ngoi Sao San Co (Football Stars) is a composition of songwriter and dan bau (a Vietnamese one-stringed zither) player Ha Chuong. It is produced and mixed by DJ Wang Tran. The song contains a message from Vietnamese fans encouraging all players to play well and bring home the gold medal. The work’s beat is a mixture of Latin rhythm and electronic dance music. It also has a few sections of dan bau played by Chuong. The song was sung by dozens of famous singers, such as Phuong Thanh, Thanh Thao and Nguyen Phi Hung, along with bands of MTV, Lip B and VMusic. MCs Thanh Bach and Quoc Binh and models Tien Dat and Duc Vinh also joined in the performance. “I believe the song will help our players relax and motivate them to win the champion at this year’s SEA Games,” said Wang Tran, who has been DJing for 15 years and won several international prizes. He launched his first world tour through 20 countries in May. The music video for the song was directed by Huynh…... [read more]

VietNamNet Bridge – The third open mathematics festival was launched yesterday at the Ha Noi University of Technology by the Viet Nam Institute for Advanced Study in Mathematics. The third open mathematics festival was launched yesterday at the Ha Noi University of Technology by the Viet Nam Institute for Advanced Study in Mathematics. — Photo tuoitrethudo.vn The festival, which included a photo exhibition about mathematics application in daily life, seeks to create opportunities for students, teachers, parents and mathematicians from around the country to share their views and experiences related to mathematics. Festival organisers also hope it will inspire lovers of mathematics and help promote the development of this field in Viet Nam. In another development, the Ministry of Education and Training awarded scholarships of VND7.29 billion ($324,000) to 185 students from 12 universities and 297 high school students for excellence in mathematics. In addition, 85 math projects were awarded VND2.57 billion (US$114,200). Professor Tran Van Nhung, general secretary of the State Council for Professor Titles, said the award and scholarships would motivate teachers and students to continue striving for the country’s mathematics development. The awards event is a part of the national target programme on mathematics development in the period 2010-20, which was approved by Prime Minister Nguyen Xuan Phuc. Mathematics projects receiving the award must have been published on international magazines and must include one lecturer in addition to students. Students awarded scholarships all had a grade of at least 9 in maths or had achievements in domestic…... [read more]

VietNamNet Bridge – Vietnamese coach Nguyen Huu Thang said that the Viet Nam national football team was determined to win the Southeast Asian (SEA) Games title this year. Viet Nam U22 team seen during a training session to prepare for the SEA Games.  Thang made the statement during a press conference on Group B matches at the Renaissance Hotel, Kuala Lumpur, yesterday. It is for the first time during the team’s campaign for the games that the coach has announced his team’s intention to go for the kill — the gold medal — at the men’s football event. “Viet Nam have trained for 10 days in South Korea to prepare for the tournament. Like any other team in the games, we have the belief and the determination to reach the highest podium. I hope that Viet Nam will bring its fans quality matches,” Thang said. Earlier, Thang said that Viet Nam were targeting to reach the final. Yesterday, Thang also announced the names of the 20 players who would take part in the SEA Games. The two goal keepers for the games are Bui Tien Dung of Thanh Hoa and Phi Minh Long of Ha Noi FC. In addition to them, Thang has convened six defenders, eight midfielders and four strikers, including Nguyen Cong Phuong of Hoang Anh Gia Lai, Ha Duc Chinh of Da Nang, Ho Tuan Tai of Song Lam Nghe An and Le Thanh Binh of Thanh Hoa. Viet Nam, a five-time silver medallist, have never won…... [read more]

Agricultural products exported to China now account for 50 per cent of total border trade flow between the two countries, signifying greater approval from Chinese consumers, officials say. Fresh pineapples are stocked at the Tien Giang Vegetables and Fruits Joint-Stock Company in the southern province of Tien Giang.  The surge in cross-border trade of agricultural produce was highlighted last Friday at a forum jointly held by the Ministry of Agriculture and Rural Development (MARD) and the Lang Son People’s Committee. The forum discussed ways to further increase the flow of Vietnamese fruit and vegetables into Chinese markets via official border trade. The Agriculture Ministry’s Plants Protection Department (PPD) announced that in total, Viet Nam exported over two million tonnes of fruits and vegetables worth US$1.6 billion to China last year. Corresponding figures for the first seven months of this year are 1.2 million tonnes and $1.3 billion. Key exports are fresh fruits and vegetables, with strong growth seen in rubber-based products, tapioca, coffee and tea. The Ministry of Industry and Trade’s (MoIT) Mountainous and Frontier Trade Department (MFTD) said the bilateral agricultural trade surplus is financial boost for Vietnamese farmers, merchants and people living within the border region. They said the produce being exported to China enjoyed the advantage of having more favourable cultivation conditions, and as such were always welcomed by Chinese buyers. The MFTD said they have been working tirelessly with their Chinese counterparts to implement enabling policies and regulations to shape the trade flow between the two…... [read more]

Viet Nam’s business climate is anticipated to improve in the second half of 2017, but economic growth will be at 6.5 per cent, falling short of the Government’s target. Workers at the Regent Garment Factory Ltd. In Hai Duong City.  According to the forecast of the National Centre for Socio-Economic Information and Forecast under the Ministry of Planning and Investment, economic growth in the remaining months will be fuelled by the improving global economy, investment climate, prospect of international integration and upbeat mood of businesses. The second half of 2017 will witness significant impact from the Government’s reform policies and efforts implemented in 2016, which will support businesses and boost investment higher than last year. The centre said economic growth will be positive when the three major drivers - agriculture, industry and services - all saw improvement. The services sector witnessed two-year high growth in the first seven months of this year, while the industry and construction sector is anticipated to continue recovery strongly, particularly the manufacturing and processing industry, along with a steady agricultural sector. Foreign direct investment (FDI) inflow is also anticipated to benefit from the improving investment climate coupled with the country’s intensive international integration as well as confidence of investors in the Vietnamese economy. The centre estimated disbursed FDI would total US$15.3 billion in 2017. “The increasing FDI inflow is expected to be a major driver for recovery of export growth in the entire 2017,” the report stated. GDP growth at 6.5 per cent However, the…... [read more]

HCM City’s Department of Tourism has proposed the Government extend its visa exemption policy for international tourists from nine countries to 30 days from 15 days to promote tourism development to help reach the city’s target of 10-11 million international tourists in 2020. A group of foreign tourists walking on Nguyen Hue Pedestrian Street in HCM City’s District 1. The countries are Sweden, Denmark, Russia, South Korea, England, Germany, France, Italy and Spain. Accordingly, people from the above-mentioned countries would not have to apply for a visa if their stay in Viet Nam does not exceed 30 days, instead of the 15 days of the current policy. The department said the Government should extend the policy for people from these countries so that they may stay a longer time in a more convenient and less expensive way. Last year, about 5.2 million international tourists came to the city, an increase of 10 per cent compared to 2015. During the last two years, the number of tourists from the Britain, France, Germany, Italy and Spain increased by 14 per cent each year, thanks in part to the latest visa exemption policy. The department said the visa exemption policy should be for five years. Travel expert Huỳnh Văn Sơn said: "It will be hard for Viet Nam’s tourism growth to catch up with other countries in the region if the Government and relevant agencies do not seek solutions to improve standards and streamline procedures for visa requirements". Research by the World Tourism…... [read more]

Condotels are a rising investment trend in the Viet Nam property market. - Photo vneconomy.vn The legality of condotels needs to be clarified to better manage this new type of property gaining popularity in Viet Nam, a representative from the Ministry of Construction said. Pham Van Thuong, from the Housing and Real Estate Market Management Department, said at a conference held late last week by the Vneconomy online newspaper that relevant ministries were developing regulations about condotel standards, ownership ands financial management. Experts said clarifying the legality of condotels was urgently needed as this type of property is developing rapidly, but the absence of regulations carries risks for ownership and profit sharing. Condotels are operated as hotels with units being individually owned. Unit owners can rented out their apartments like any other hotel room. According to Le Hoang Chau, President of HCM City Real Estate Association, regulations are needed to ensure transparency in profit sharing in the long term and the rights of buyers, adding that profit sharing now relies mainly on developers’ guarantees, with yet a solid framework for buyers’ benefits protection. Nguyen Ngoc Thanh, Deputy President of the Viet Nam Real Estate Association, said that condotels have great development potential in Viet Nam as tourism is one of the country’s spearhead industries. Thanh said that it’s too early to worry about an excess of condotel supply over demand because the demand was still very high. “What should be…... [read more]

Workers at the Regent Garment Factory Ltd. In Hai Duong City. – VNA/VNS Photo Tran Viet Viet Nam’s business climate is anticipated to improve in the second half of 2017, but economic growth will be at 6.5 per cent, falling short of the Government’s target. According to the forecast of the National Centre for Socio-Economic Information and Forecast under the Ministry of Planning and Investment, economic growth in the remaining months will be fuelled by the improving global economy, investment climate, prospect of international integration and upbeat mood of businesses. The second half of 2017 will witness significant impact from the Government’s reform policies and efforts implemented in 2016, which will support businesses and boost investment higher than last year. The centre said economic growth will be positive when the three major drivers - agriculture, industry and services - all saw improvement. The services sector witnessed two-year high growth in the first seven months of this year, while the industry and construction sector is anticipated to continue recovery strongly, particularly the manufacturing and processing industry, along with a steady agricultural sector. Foreign direct investment (FDI) inflow is also anticipated to benefit from the improving investment climate coupled with the country’s intensive international integration as well as confidence of investors in the Vietnamese economy. The centre estimated disbursed FDI would total US$15.3 billion in 2017. “The increasing FDI inflow is expected to be a major driver for recovery of export…... [read more]

Fresh pineapples are stocked at the Tien Giang Vegetables and Fruits Joint-Stock Company in the southern province of Tien Giang. — VNA/VNS Photo Dinh Hue Agricultural products exported to China now account for 50 per cent of total border trade flow between the two countries, signifying greater approval from Chinese consumers, officials say. The surge in cross-border trade of agricultural produce was highlighted last Friday at a forum jointly held by the Ministry of Agriculture and Rural Development (MARD) and the Lang Son People’s Committee. The forum discussed ways to further increase the flow of Vietnamese fruit and vegetables into Chinese markets via official border trade. The Agriculture Ministry’s Plants Protection Department (PPD) announced that in total, Viet Nam exported over two million tonnes of fruits and vegetables worth US$1.6 billion to China last year. Corresponding figures for the first seven months of this year are 1.2 million tonnes and $1.3 billion. Key exports are fresh fruits and vegetables, with strong growth seen in rubber-based products, tapioca, coffee and tea. The Ministry of Industry and Trade’s (MoIT) Mountainous and Frontier Trade Department (MFTD) said the bilateral agricultural trade surplus is financial boost for Vietnamese farmers, merchants and people living within the border region. They said the produce being exported to China enjoyed the advantage of having more favourable cultivation conditions, and as such were always welcomed by Chinese buyers. The MFTD said they have been working tirelessly with their…... [read more]




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