One of longest sea bridges in Southeast Asia opens in Hai Phong

Every early autumn, the whole nation celebrates historic days. Ba Đình Square in downtown Hà Nội is a must-visit destination for all Hanoians and the Vietnamese people as a whole, as it hosted a ceremony on September 2nd, 1945 to announce the establishment of the Democratic Republic of Việt Nam. National pride: Representatives of people from all walks if life march in procession to celebrate the 70th National Day in September 2016 at Ba Đình Square. VNS Photo Đoàn Tùng Reporters from Vietnam News Agency captured some of the nation’s historic moments. Glorious crowds: A mass meeting gathers thousands of patriots at the square in front of Hà Nội Opera House to launch a revolution to gain power held by the Việt Minh Front on August 17, 1945. VNA/VNS Photo Iconic building: Hanoians take the Tonkin Palace in August 1945 back from the French regime. VNA/VNS Photo Birth of a nation: President Hồ Chí Minh reads the Declaration of Independence on behalf of the provisional government to announce the establishment of the Democratic Republic of Việt Nam. VNA/VNS Photo Historic moment: A scene from the meeting on September 2nd, 1945 at Ba Đình Square to announce the establishment of the Democratic Republic of Việt Nam. VNA/VNS Photo Source VNA ... [read more]

An international court is hearing a lawsuit filed by a Dutch national of Vietnamese descent who is demanding $1.25 billion in compensation from the Vietnamese government for convictions that date back to 1998. Trinh Vinh Binh claims he was wrongfully convicted of bribery and land management violations. Minister and Chairman of the Govenment Office Mai Tien Dung said that “we will have to wait”, in response to a question about Vietnam’s reaction to the suit, which has been lingering for around two decades. Binh, who left the country after the Vietnam War, returned as a Dutch national in the early 1990s and invested in a number of projects in Ho Chi Minh City and nearby provinces. In 1998, the People’s Court of Ba Ria-Vung Tau Province sentenced him to 11 years in jail for giving bribes and violating land protection and management regulations. He was also fined and his assets in Vietnam were seized, possibly the reason why he did not have to serve his time behind bars. After returning to the Netherlands he filed a lawsuit to an international court in Stockholm against the Vietnamese government in 2003, saying that he had been wrongfully convicted. He withdrew the complaint following an out of court settlement. However, he sued again in January 2015 after reportedly not receiving the settlement he had been promised. The second trial started at the International Court of Arbitration in Paris on August 21. It is scheduled to close this week. At the Wednesday press briefing, Minister Dung said…... [read more]

Vietnamese athletics athletes at SEA Games 29 (Photo: VNA) Kuala Lumpur (VNA) – Athletics athletes’ achievements at the SEA Games 29 have lived up to expectations and made up for other sports participated in by Vietnam, said Tran Duc Phan, who headed the Vietnamese team at the event in Kuala Lumpur, Malaysia, from August 19-30. Vietnam was ranked first in the SEA Games 29’s medal table for athletics with a total of 17 gold medals. Thailand and Malaysia came in second and third with nine and eight gold medals, respectively. In an interview with the Vietnam News Agency, Phan, who is also Deputy Director of the General Department of Sports and Physical Training, said Vietnamese runners have achieved a breakthrough. Vietnam’s delegation to SEA Games 29 had 681 members, with 472 athletes competing in 32 out of 38 sports at the event. The country finished with 58 gold medals, compared to her goal of between 49 and 59 gold medals. The team competed in its last event on August 30, with only weightlifter Hoang Tan Tai participating in the men’s 85kg. Tai secured a bronze medal after lifting 322kg in total; Malaysian and Thai athletes won the gold and silver medals with respective lifts of 337kg and 323kg.   Weightlifter Hoang Tan Tai at SEA Games 29 (Photo: VNA) Phan noted more than 90 percent of gold medals seized by Vietnam this season belong to the Olympic sports category, adding that the…... [read more]

Delegates at the symposium (Photo: VNA) HCM City (VNA) – Growth cannot be sustainable unless it is economically, financially and socially inclusive, APEC officials said at a symposium in Ho Chi Minh City on August 28. In his opening remarks at the “Symposium on Promoting Economic, Financial and Social Inclusion in APEC”, Permanent Deputy Minister of Foreign Affairs of Vietnam Bui Thanh Son, who is also APEC 2017 SOM Chair, said that  economic inclusion provides access to economic opportunity for all members of society to meaningfully participate in the economic life of their economy as employers, entrepreneurs, consumers and citizens. Financial inclusion provides access to useful and affordable financial products and services that meet their needs, such as transactions, payments, savings, credit and insurance, which are delivered in a responsible and sustainable way, he said.   [APEC economies share experience in engaging in RTAs/FTAs] Meanwhile, social inclusion is the process of improving the terms for individuals and groups to take part in society. Social inclusion aims to empower all members of society to take advantage of burgeoning global opportunities and enhance equity, he added. According to the Deputy Minister, equal attention should be paid to three dimensions of economic, financial and social inclusion. Effectiveness of each dimension would be reduced if the other two are not keeping pace. Conversely, enhanced effectiveness of one dimension will feed into the other two. It is therefore imperative for APEC to take a strategic and holistic approach to inclusion. …... [read more]

Ambassador Robert Holleyman, President and CEO of C&M International, LLC, told Vietnam News Agency reporters on the sidelines of the dialogue that Vietnam has a large, growing population, as well as a global footprint in trade.  “Vietnam’s leadership in hosting APEC this year is a big signal that Vietnam is a key player in wanting to be integrated in the Asia-Pacific economy and in taking steps to ensure that it is integrated with other economies in the region,” he said. “The efforts by Vietnam to bring the parties together in this host year and talk about the future of trade in Vietnam is important and it’s great to see what has been done by Vietnam,” he added.   Echoing Robert Holleyman’s views, David HSU, Deputy Director General of the Bureau of Foreign Trade under the Ministry of Economic Affairs of Taiwan (China), highlighted Vietnam’s young population, diverse natural resources, favourable geological location and hard working labour as advantages for the country to participate in the trade agreements.  Benefits and how to maximise these benefits According to Bui Thanh Son, Vietnamese Deputy Minister of Foreign Affairs, Vietnam has so far negotiated and signed 12 free trade agreements, and is negotiating four others. Joining trade agreements can help Vietnam access foreign markets, seek long-term and stable markets for local goods, particularly agro-forestry-fishery products, footwear and electronics, and improve competitiveness of Vietnamese businesses, he said.  Robert Holleyman said “the data is clear that…... [read more]

The four-session workshop looked into the PA as a building block of the FTAAP; the PA and its ties within the Pacific region; and contributions of the PA to the APEC in terms of micro, small and medium-sized enterprises, trade facilitation and services. Speaking with Vietnam News Agency reporters, Pyzhikov Nikita, a delegate from Russia, said the FTAAP must be a standard and transparent agreement. “To ensure that the agreement will be transparent, we should work together in establishing a framework of this agreement,” he said, underlining the need to organise more similar events to clarify the role of each party in the realisation of the FTAAP.  Tang Guoquiang, International Co-Chair of the Pacific Economic Cooperation Chair, said the FTAAP plays an important role in economic development, trade and investment facilitation in Asia-Pacific, which has been affirmed in many research studies and reports.  Lauding Vietnam’s rapid economic growth rate, he said Vietnam is a good example in the Asia-Pacific region. Vietnam can bring into full play its role in building the FTAAP and the country can benefit from the area, he said.  As an economic community of four Latin American countries, including Chile, Colombia, Peru and Mexico, the PA has been working since 2011 to deepen the integration of these economies and to define joint actions to strengthen economic ties with the Asia-Pacific, on the basis of existing bilateral trade agreements between countries.... [read more]

Participants at the workshop discussing the ree Trade Area of the Asia-Pacific (FTAAP) and cooperation in trade facilitation between the Pacific Alliance (PA) and APEC member economies (Photo: VNA) HCM City (VNA) – The development of the Free Trade Area of the Asia-Pacific (FTAAP) and cooperation in trade facilitation between the Pacific Alliance (PA) and APEC member economies were the main focus of a workshop in Ho Chi Minh City on August 26. The four-session workshop looked into the PA as a building block of the FTAAP; the PA and its ties within the Pacific region; and contributions of the PA to the APEC in terms of micro, small and medium-sized enterprises, trade facilitation and services. Speaking with Vietnam News Agency reporters, Pyzhikov Nikita, a delegate from Russia, said the FTAAP must be a standard and transparent agreement. “To ensure that the agreement will be transparent, we should work together in establishing a framework of this agreement,” he said, underlining the need to organise more similar events to clarify the role of each party in the realisation of the FTAAP. Tang Guoquiang, International Co-Chair of the Pacific Economic Cooperation Chair, said the FTAAP plays an important role in economic development, trade and investment facilitation in Asia-Pacific, which has been affirmed in many research studies and reports. Lauding Vietnam’s rapid economic growth rate, he said Vietnam is a good example in the Asia-Pacific region. Vietnam can bring into full play its…... [read more]

The four-session workshop looked into the PA as a building block of the FTAAP; the PA and its ties within the Pacific region; and contributions of the PA to the APEC in terms of micro, small and medium-sized enterprises, trade facilitation and services. Speaking with Vietnam News Agency reporters, Pyzhikov Nikita, a delegate from Russia, said the FTAAP must be a standard and transparent agreement. Participants at the workshop discussing the free Trade Area of the Asia-Pacific (FTAAP) and cooperation in trade facilitation between the Pacific Alliance (PA) and APEC member economies  “To ensure that the agreement will be transparent, we should work together in establishing a framework of this agreement,” he said, underlining the need to organize more similar events to clarify the role of each party in the realization of the FTAAP. Tang Guoquiang, International Co-Chair of the Pacific Economic Cooperation Chair, said the FTAAP plays an important role in economic development, trade and investment facilitation in Asia-Pacific, which has been affirmed in many research studies and reports. Lauding Vietnam’s rapid economic growth rate, he said Vietnam is a good example in the Asia-Pacific region. Vietnam can bring into full play its role in building the FTAAP and the country can benefit from the area, he said. As an economic community of four Latin American countries, including Chile, Colombia, Peru and Mexico, the PA has been working since 2011 to deepen the integration of these economies and to…... [read more]

A special exhibition drawing huge crowds opened today (August 25) in Ho Chi Minh City featuring Raffaello Sanzio’s iconic painting of the Madonna, reported the Vietnam News Agency. The special, historical and cultural exhibition at the Ho Chi Minh City Museum featuring Raphael'sbest works is divided into sections covering Raphael in Rome; acquisition and removal of the Sistine Madonna from Italy to Dresden; the place of the painting within literature, art, music and design and the cherubs' international career as a stand-alone artwork. From 1508, Raffaello Sanzio da Urbino, known just as Raphael lived and worked in Rome, invited by Pope Julius II and his architect for St. Peter's, Donato Bramante who was distantly related to Raphael. Working on Vatican projects and portraits, including those of his two main patrons, the popes Julius II and his successor Leo X Raphael, Raphael eventually had a workshop of fifty pupils and assistants. The Sistine Madonna is one of the last works he is known to have painted with his own hands.Commissioned as an altarpiece for the Benedictine monastery of San Sisto in Piacenza, the Sistine Madonna is one of his last works. Raphael finished it around 1513 - a few years before he died aged 37 years in 1520. Source VOV ... [read more]

Finance minister Dinh Tien Dung addresses a conference held in Tokyo on Monday. Dung expressed hope that financial corporations in Japan will invest indirectly in Viet Nam, become strategic investors, and bring capital and technologies into the country. — Photo mof.gov.vn Indirect investment from Japan into Viet Nam remain relatively modest compared to the potential of Japan and the ability to absorb investment capital sources of Vietnamese market, finance minister Dinh Tien Dung said. Dung made the statement on Monday at a conference in Tokyo co-hosted by the Viet Nam’s Ministry of Finance and Daiwa Corporation of Japan to promote financial investment in Viet Nam. Around 200 Japanese firms attended the event. There remains a huge room for bilateral cooperation in the financial market, Dung said, adding that Viet Nam’s economy has recorded an annual average growth rate of 6 per cent over the past three decades. The country’s gross domestic product (GDP) has expanded by an estimated 5.73 per cent in the first half of 2017, while its Purchasing Managers’ Index (PMI), announced by the Nikkei, has peaked in the past 22 months and is now the highest in the ASEAN, the minister said. Dung told participants that the Vietnamese Government has identified human resources development, improvement of market economy institutions, and infrastructure development as three breakthrough areas, so the country’s demand for capital is huge, especially for investment sources accompanied with expertise and development experience. Speaking about the equitisation…... [read more]




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