First e-child care training system inaugurated

Illustrative image (Source: VNA) Hanoi (VNA) – The Prime Minister has decided to establish the Thai Binh Economic Zone (EZ) in the northern province of Thai Binh. Under the decision, the coastal EZ will span 30 communes, one town in Thai Thuy, Tien Hai districts, and the coastal areas. They are 14 communes and town in Thai Thuy district, namely Diem Dien town, Thuy Hai, Thuy Luong, Thuy Ha, Thuy Tan, Thuy Truong, Thuy Xuan, Thuy Lien, Thai Nguyen, Thai Thuong, Thai Hoa, Thai Do, Thai Tho, Thai Xuyen and My Loc communes. The 16 others are in Tien Hai districts, namely Dong Tra, Dong Hai, Dong Long, Dong Xuyen, Dong Hoang, Dong Co, Dong Lam, Tay Giang, Tay Son, Nam Cuong, Nam Thang, Nam Thinh, Nam Thanh, Nam Hung, and Nam Phu. Covering over 30,583 hectares, the EZ includes an electricity centre; an industrial complex; a port and port logistics area; resorts and recreational areas; aquaculture areas and coastal protection forests; residential, service and administrative areas. The EZ aims to fully explore fully potential on natural condition and position in economic connectivity, trade and service; thus narrowing development gap with other regions, while attracting investment, ensuring national defence and security and preserving local marine ecosystem, historic and cultural values. Priorities will be given to the industries taking the advantages of local resources and in connection with other regional EZs, industrial parks.-VNA   ... [read more]

Vice Secretary of the municipal Party Committee Tat Thanh Cang congratulated Lao officials and dignitaries on New Year festival of Laos (Illustrative image. Source: VNA) Vientiane (VNA) – Vietnam’s Ho Chi Minh City and the Lao capital city of Vientiane have agreed to foster and expand their cooperation in the time ahead and approve cooperation orientations for the 2017-2020 period. The agreement was reached at the talks in Vientiane on July 29 between a high-ranking delegation of Vientiane and a high-ranking delegation of Ho Chi Minh City led by permanent Vice Secretary of the municipal Party Committee Tat Thanh Cang. The two sides agreed to increase the exchange of high-level delegations, speeding up the implementation of a project to raise beeves in Vientiane, considering the provision of aid to buy equipment for a project on improving the budget collection system of Vientiane’s Finance Department and Tax Department. They also vowed to consider the possibility of constructing their trade and tourism centres in Ho Chi Minh City and Vientiane. Ho Chi Minh City pledged to help Vientiane organise agricultural, trade and tourism promotion programmes in the Vietnamese city, provide 17 scholarships for Lao students and postgraduates, and assist Vientiane in hosting the Laos Tourism Year 2018 and a tourism conference of Mekong River Sub-region cities. Earlier on the same day, the Ho Chi Minh City delegation was received by permanent member of the Lao People’s Revolutionary Party Central Committee’s Secretariat Phankham Viphavan and Secretary…... [read more]

Illustrative image (Source: VNA) Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) has advised Vietnamese enterprises to carefully study export regulations of the United Arab Emirates (UAE) when conducting business with UAE firms to avoid suffering losses. According to the Vietnamese Trade Office in the UAE, many Vietnamese firms have recently been defrauded by some UAE businesses. The office warned that Vietnamese enterprises should stay vigilant when selling goods to UAE firms at low prices, as this is a good reason for UAE firms to force Vietnamese firms to accept their payment methods and prices, and even devalue Vietnamese goods in the market. Pham Quang Nghia, Vietnamese Trade Counselor in Dubai said that Vietnamese businesses should contact the Trade Office in the UAE before doing business in the market, an open and transit market for 40 percent of exported goods. To boost sustainable trade between Vietnam and the UAE, experts advised that Vietnamese firms should strictly abide by import-export regulations in the UAE to prevent their goods being sent back by local authorities. In the future, the Vietnamese Trade Office in the UAE will strengthen trade promotion through exhibitions and showcases of Vietnamese foods, farm produce and fruits in major supermarkets in the UAE. At the same time, the office will also help enterprises seek UAE partners and verify their information. Minister of MoIT Tran Tuan Anh said that the ministry will continue negotiating and signing cooperation deals to…... [read more]

Novotel Saigon. Illustrative image (Source: VNA) HCM City (VNA) – Since 2010, the number of 3-5-star hotels nationwide has doubled, helping enhance the competitiveness of Vietnam’s hotel system to the regional level. However, hotels also face fierce competition from new accommodation services. Statistics from the Vietnam Hotel Association showed that in 2010, Vietnam has 388 accommodation establishments with 40,602 rooms, but in 2016, the figures rose to 788 and 91,041 respectively. A survey by Grant Thornton Vietnam in 2017 said that 2016 was a recovery year for high-end hotels with the system’s capacity rising 5.6 percent from the previous year. However, despite the increase in the number of foreign tourists and capacity of the hotels, the prices of high-end hotels did not increase as they faced strong competition from emerging accommodation services such as bed and breakfast (B&B), rental houses and homestays, according to the survey. Grant Thorton Vietnam reported that there are 6,500 B&B establishments nationwide with an average price of 34 USD per night. Along with homestays, this accommodation is becoming more popular among individual tourists. Tao Van Nghe, President of the Ho Chi Minh City Hotel Association said that apartments for rent to tourists are also part of the 4-5 star hotel market share. This was why the number of tourists rose but the price of high-end hotels did not increase, he added. To raise their competitiveness, high-end hotels have invested heavily in services and infrastructure, while aiming to…... [read more]

Hanoi (VNA) – The Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) will start trading with code BHN on the HCM Stock Exchange (HOSE) on January 19, the southern bourse has announced. Habeco will list its entire 231.8 million shares, equivalent to the total listing value of nearly 2.32 trillion VND (103 million USD), at the reference price of 127,600 VND (5.65 USD) per share, the bourse said in a statement. The share price is allowed to fluctuate /-20 per cent on the first trading day. Shares of the North’s largest brewer are trading at some 128,000 VND per share on the Unlisted Public Company Market (UPCoM), which is under the management of the Hanoi Stock Exchange. HCM City’s exchange on December 30, 2016, approved the company’s filing to move its listing from the UPCoM to HOSE. By changing its listing to HOSE, which is the main bourse in Vietnam, with total market capitalisation of some 68 billion USD, Habeco is expected to improve its reputation and draw more investments. The company has become a ‘phenomenon’ on the UPCoM since its debut on October 28 last year, when its price shot from an initial 39,000 VND per share to a peak of 225,800 VND per share on December 16. Headquartered in Hanoi, it is the largest beer producer in the North and the third-largest beer company in Vietnam, with popular brands such as Hanoi Beer and Truc Bach Beer. It owns 17 subsidiaries and six affiliated companies, with total…... [read more]

Hanoi (VNA) – The Prime Minister has instructed relevant ministries to allocate rice, antiseptic and vaccines from the national reserves to support localities in need. Accordingly, the Central Highlands provinces of Gia Lai and Dak Lak will respectively receive over 605.2 tonnes and 500 tonnes of rice on the occasion of Lunar New Year. The central province of Binh Dinh will get 30,000 litres of antiseptic while 430,000 doses of vaccines will be allocated to the central province of Quang Ngai to prevent diseases on cattle herds. The provincial People’s Committees are responsible for receiving and promptly distributing the items to the locals.-VNA... [read more]

Hanoi (VNA) – The Vietnamese economy needs to take caution against external shocks this year due to the global economic uncertainties, a scholar has warned. Director of the Vietnam Institute for Economic and Policy Research under the Vietnam National University’s University of Economics and Business Nguyen Duc Thanh made the comment during a ceremony in Hanoi on January 16 to release the macroeconomic report for the fourth quarter of 2016. The report warned of the possibility of the US Federal Reserve’s interest rate hike three times this year, which could push up the USD rate in Vietnam, thereby hurting Vietnam’s exports and deteriorating trade deficit. In order to maintain the value of Vietnamese dong in the context of rising USD rate, the State Bank of Vietnam could increase deposit rates but this could pose risks and cause a ripple effect to the real estate sector, it said. Another concern is that major oil producers’ production cut since January 2017 could raise oil prices again. On the plus side, it could add more revenues to the State budget but also potentially put pressure on domestic inflation which has been higher recently due to the adjustment of public service prices. Thanh said the 6.7 percent growth target this year is high and an under-4 percent inflation is not easy to achieve, suggesting that achieving growth target be done with “patience over haste” policy in order to prevent a relaxation in stabilising the macro-economy. The report also forecast that the economy could expand…... [read more]

Viet Nam News Hà NỘI - The Supreme People's Procuracy on Sunday decided to prosecute six defendants in connection with fraud that occurred at the Việt Nam International Bank (VIB), Nguyễn Huệ branch (VIB Nguyễn Huệ), five years ago. Đỗ Xuân Hai, ex-director of Đức Hiếu Co Ltd; Nguyễn Trọng Năm, head of Năm Hường private enterprise; and Đỗ Quang Bình, director of Nam Bình Co Ltd; were prosecuted on the charge of "swindling to appropriate property." All three live in Chương Mỹ District of Hà Nội. The other three defendants, Nguyễn Thanh Hiếu, former director of VIB Nguyễn Huệ; Mai Ngọc Vinh, a former customer support employee at VIB Nguyễn Huệ; and Nguyễn Hồng Tuấn, former managing director at 135 Security Service Joint Stock company; were charged with "violating lending regulations of credit institutions." Both Hiếu and Vinh reside in Hà Nội, while Tuấn lives in Chương Mỹ District. According to the indictment, to obtain money to repay debts for individuals and banks as well as for personal expenses, Hai, Năm and Bình forged documents and appropriated over VNĐ100 billion (US$4.4 million) in the form os loans from VIB Nguyễn Huệ between January 2011 and April 2012. Hiếu, Vinh and Tuấn were accused of "violating lending regulations of credit institutions." The procuracy also demanded that Hai repay over VNĐ120 billion (US$3.1 million) to VIB Nguyễn Huệ, while Hiếu was ordered to repay VNĐ16 billion ($709,000) to Hai. Nguyễn Trọng Năm and Đỗ Quang Bình were ordered to repay over…... [read more]

Hanoi (VNA) - The Vietnam Software and IT Services Association (VINASA) on January 16 launched the Sao Khue Awards in 2017 under the sponsor of the Ministry of Information and Communications. The award aims to honour high-quality and effective IT products and services in domestic market, which also can make inroads into international markets, contributing to promoting IT application and development in Vietnam in recent years. This year, the organising board will select ten excellent products and services in terms of socio-economic efficiency, brand reputation, revenue, market share, customers, and technological innovation. Programmes to promote awarded products and services will be arranged nationwide in the year. The deadline for submission is March 6 and the results will be announced at an awarding ceremony in late April this year. Vietnam has recorded strong development in software and IT service, which achieved average growth up to between 20-35 percent in 2000-2010 and from 10-15 percent over the last five years. The sectors importantly contributed to the national socio-economic development and further improving Vietnam’s position in the international IT map. VINASA Chairman Truong Gia Binh highlighted Vietnamese IT firms’ competiveness on the international market, expressing his hope that the Sao Khue award will help bring more opportunities to Vietnamese IT enterprises to introduce their products and services in foreign markets.-VNA... [read more]

Illustrative image (Source: New Strait Times) Hanoi (VNA) – Singapore has imposed road charge on foreign-registered cars, announced Singapore’s Land Transport Authority (LTA) on January 16. All foreign-registered cars will have to pay a reciprocal road charge of 6.4 SGD (about 4.48 USD) per entry when entering Singapore via the Tuas and Woodlands checkpoints, the LTA added. The new law which took effect from January 15 is to match with Malaysia’s similar amount of levy implemented since last November. The move aims to ensure that Malaysia takes into consideration Singapore's response whenever they raise their fees or introduce a new levy, said Singaporean Minister of Transport Khaw Boon Wan. Up to 20,000 Singaporean vehicles enter Malaysia daily on average via the two checkpoints.-VNA ASEAN Community... [read more]