HNX sells 109.9m shares from State-owned enterprises’ divestment

Here is a bus produced by Vinamotor, a State-owned enterprise. The Ministry of Transport has successfully sold 85.5 million shares in the Viet Nam Motor Industry Corporation Joint Stock Company. -File Photo

The Ha Noi stock exchange (HNX) successfully sold shares from the State-owned enterprises' divestment, worth more than VND1.5 trillion (US$67.9 million), in January. It's reported that seven auctions were held during the month, and 109.9 million out of the total 116.8 million shares were purchased. In particular, the Ministry of Transport successfully sold 85.5 million shares in the Viet Nam Motor Industry Corporation Joint Stock Company, earning VND1.25 trillion ($55.9 million) on January 11. The HNX plans to hold four auctions this month to sell shares of Ha Noi May 19th Textile One Member Limited Company and Thanh Hoa Water Supply Limited Company. Source VNS … [Read more...]

Preservation of Duong Lam ancient village

Hanoi, February 13 (VNA) - Located just 50km to the Northwest of Hanoi, Duong Lam is one of the country’s best examples of an ancient village. In 2005, Duong Lam became the first village that had been recognised as a national artistic architectural relic. Visitors to the village can find many preserved ancient relics, rich with culture and history. The most notable aspect of the village is ancient houses, which were built with wooden frames and fortified with laterites – a special material used in construction in the Red River Delta region. Built in the 17 th century, there are currently only a few hundred of old houses left, with the oldest dating back 400 years. Being recognised as a national heritage area has given the village a strong boost in tourism, attracting both foreign and domestic visitors. The number of travellers to Duong Lam spiked from 3,000-4,000 in 2008 to more than 10,000 people in 2014. In the first nine months of 2015 alone, the village … [Read more...]

Hanoi’s first elevated rail line to start service in December

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The 13-km rail line will link Cat Linh Street to Yen Nghia Bus Station in Ha Dong District, making 12 stops along the way. Photo credit: T.Phung/Tuoi Tre After several years of sputtering, Hanoi's notorious elevated rail project now has a new finish date with the first train scheduled to run on December 31. The Railway Project Management Unit (PMU), the investor, and the main contractor China Railway Sixth Group Co. Ltd on Saturday signed an agreement promising to meet that deadline. Deputy Transport Minister Nguyen Hong Truong witnessed the signing. Le Kim Thanh, general director of the Railway PMU, said that 70 percent of the construction work for the Cat Linh-Ha Dong project has been completed. Work on the 13-kilometer line, which will link Cat Linh Street to Yen Nghia Bus Station in Ha Dong District, was originally scheduled to start in August 2008 and finish in November 2013. But construction was delayed until October 2011. A prolonged site clearance process and late … [Read more...]

PM Dung to attend ASEAN-US Summit

PM Nguyen Tan Dung and US President Barack Obama in Nay Pyi Taw, Myanmar on November 13, 2014 - Photo: VGP

VGP – PM Nguyen Tan Dung will lead the Vietnamese delegation to attend the Special ASEAN-US Summit in California, the US from February 15-16 at the invitation of US President Barack Obama. The summit is the first of its kind and builds on the elevation of the ASEAN-US relations to strategic partnership last November at the 3rd ASEAN-US Summit in Kuala Lumpur, Malaysia. The leaders are due to discuss measures to implement the ASEAN-US strategic partnership and exchange views on regional and international issues of common concern. PM Dung’s attendance aims to reaffirm Viet Nam’s role as a proactive, active and responsible member of ASEAN in advancing the ASEAN-US strategic partnership in a practical and effective manner. Bilaterally, the tour is also expected to strengthen cooperation between Viet Nam and the US in such fields like security-defense, science-technology, investment, and deployment of free trade agreements, including the Trans-Pacific … [Read more...]

El Niño could be double edged sword for rice harvest

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Dry weather caused by El Niño and falling rice inventories are expected to send prices of the grain higher over the coming months, reversing years of decline and boosting the cost of Southeast Asia’s staple food. El Niño literally means ‘little boy’ in Spanish though there is nothing childish about the drought the climate pattern has brought to large segments of Southeast Asia offset by unusually wet weather in the Americas. The phenomenon appears every two to seven years when higher ocean surface temperatures off the South American coast trigger unusual weather patterns throughout the world. El Nino has now been forecast by meteorologists to linger into the middle of 2016. We are in the midst of a strong El Niño, which could have huge negative production impacts in Indonesia and the Philippines – two traditional large import markets – and it will affect Thai production as well, says the Ministry of Planning and Investment … [Read more...]

Flourishes in upland areas

Sugarcane, the staple crop, generating income for people in mountainous areas

Arriving in Phu Yen upland area today, the concrete routes will bring people to most remote villages. Amid the green of sugarcane, corn, cassava is the spacious new home. People have clean water, infrastructures serving life more fully. Hunger, poverty have been gradually pushed back. VILLAGES AND HAMLETS IN INNOVATION With 79 years, village elderly Ma Nghia in Phu Loi village (Phu Mo commune) witnessed many changes in his village, commune. Mr. Ma Nghia smilingly said: Now, the peoples of Ba Na, Cham H'Roi and the other ethnic minorities living in 5 villages in Phu Mo commune enjoy a stable and prosperous new life. Thanks to the Party and Government, schools, clinics, concrete roads have been built, electricity and clean water brought to, the people have had chance to learn and receive decent health care. Therefore, they can produce better, have higher incomes. 5 years, 10 years ago, Phu Mo commune was so isolated; it was really arduous to come to villages in the commune because … [Read more...]

Hanoi holds new-year writing ceremony

At the event. (Source: tintuc.vn)

PANO - The Hanoi Municipal Department of Education and Training held a new-year writing ceremony on February 12th. At the event, educational managers, teachers and locals offered incense to pay tribute to teacher Chu Van An at his temple in Thanh Liet commune, Thanh Tri district. The new-year writing ceremony is an annual event of the city's educational sector, aiming to highlight the Vietnamese people's traditions of "When drinking water, remember who dug the well" and "Revering teachers and scholars." It also displayed the determination of the city's educational sector to renovate and improve educational quality in the time to come. Translated by Trung Thanh … [Read more...]

Traditional boat race kicked off in Dac Lac

At the event. (Photo: daidoanket.vn)

PANO - The ninth traditional boat race of Dac Lac province was kick-started on February 11th (the fourth day of the first lunar month of 2016) in Buon Trap town, Krong Ana district, by the provincial Department of Culture, Sports and Tourism and the district’s People’s Committee. The race drew the participation of more than 420 rowers from 28 teams of Binh Hoa and Quang Dien communes and Buon Trap town. On board each boat were 15 rowers, who row about 500 meters. The champions were Team 3 of Nguyen Duc Ky in hamlet 2, Quang Dien commune. The second and third prizes went to Team 2 of Vo Van Hanh and Team 1 of Bui Van Minh in Binh Hoa commune. The organizers also presented four consolation prizes to participating teams. This annual event aims to pray for peace, prosperity and good crops. It is also a healthy playground, meeting locals’ demand of enriching their cultural and spiritual life during the lunar New Year (Tet) festival. Translated by Chung Anh … [Read more...]

Da Nang’s preparations to welcome world’s longest ocean race

Model of the Da Nang - Vietnam team's boat in the city.

PANO - Leaders of the Da Nang Municipal People's Committee on February 12th inspected preparations at Han River Port for the Clipper World Yacht Race 2015-2016. During the inspection, the city's leaders highly valued the relevant units' efforts over the past time, especially the ceremony to welcome the race and the information dissemination. As the world's longest ocean race, the 40,000-nautical mile Clipper Race 2015-2016 is one of the most competitive and challenging sports activities in the world. It started in London on August 30th, 2015 and takes 11 months to sail around the world, crossing South America, Australia, Asia and the US. The race will stop in Da Nang on February 17th, marking the end of the 7th of 16 global races, and departs on February 27th for Qingdao, China. More than 200 international crewmembers from over 20 different nations will have a chance to participate in many different cultural activities in Da Nang, such as the Cau Ngu (the worshipping of the … [Read more...]

No-one can deny the leadership of the Party (Part 4)

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Part 4: Unity - the Party’s source of power Unity is both a precious tradition and the source of combat power and leadership capacity of the Communist Party of Vietnam over the past 86 years. In hard times or difficulties, the Party always upholds unity, turning it into a "citadel" generating invincible strength for the Party. Now, the unity of the Party has once again been shown in the 12th National Party Congress, contributing to the success of the event. Active guard against misinformation undermining unity within the Party Not only prior to, but also during the 12th National Party Congress, hostile forces posted on the internet information claiming that the Party Central Committee was in a battle for power; that the Party Central Committee was divided concerning the issue of nomination of candidates for key positions; that there was no democratic practice in the election at the 12th National Party Congress. That information is totally alien to reality. That is what … [Read more...]

Cu Chi Tunnels honored as national special relic site

Chairman of the Ho Chi Minh Municipal People's Committee Nguyen Thanh Phong (1st from right) handing over the certificate to the site's managing board. (Photo: VNA)

PANO - Ho Chi Minh City’s authorities held a ceremony on February 12th to receive the certificate of National Special Relic Site for its Cu Chi Tunnels, and gather former veterans of the Saigon - Cho Lon - Gia Dinh revolutionary zone. Former State President Nguyen Minh Triet, former Prime Minister Phan Van Khai, central and local leaders, senior revolutionaries, and many locals attended the event. Located about 70 km away from the centre of Ho Chi Minh City, the Cu Chi Tunnels is an immense network of connecting underground tunnels which were used by Vietnamese soldiers during the wars against France and the US as living quarters, hospitals, supply routes, and food and weapons caches. The tunnels network, stretching over 250 km, has three layers with the deepest 10 m from the surface. The historic site has been rebuilt and upgraded in recent years to maintain its historic values and better serve tourists. It receives over 1 million domestic and foreign visitors every … [Read more...]

Thailand fosters cooperative ties with ASEAN Secretariat

ASEAN Secretary-General Le Luong Minh (right) and Minister of Foreign Affairs of Thailand Don Pramudwinai. (Source: asean.org)

Minister of Foreign Affairs of Thailand Don Pramudwinai has visited the ASEAN Secretariat, seeking to carry out the next steps after the launch of the ASEAN Community at the end of last year. The visit of Foreign Minister Pramudwinai to the ASEAN Secretariat was the first since he assumed the post in 2015, according to the announcement of the ASEAN Secretariat on February 12. During the talk with ASEAN Secretary-General Le Luong Minh, the two stressed the need to enhance ASEAN awareness among the peoples of the region. They noted that this would be in line with the people-oriented, people-centred ASEAN Community and it would be of greater significance when ASEAN celebrates its 50th anniversary in 2017. The Secretary-General said that Thailand’s efforts in promoting ASEAN at the national level would serve as a good example for other ASEAN Member States. Thailand has done much work in creating awareness among its business sector on the benefits of the ASEAN Economic … [Read more...]

Hanoi’s leader asks for traffic safety in post-Tet

Secretary of the Hanoi Party Committee Hoang Trung Hai (right) presenting gifts to staff of Hanoi Railway Station.

Secretary of the Hanoi Party Committee Hoang Trung Hai has asked relevant agencies to ensure traffic safety for passengers who will return the city after the nine-day Lunar New Year (Tet) holiday. The official made the appeal while inspecting the Hanoi Railway Station, the My Dinh Bus Station and Noi Bai International Airport on February 12. He hailed transportation companies and the municipal People’s Committee for making it easier for family reunions during the traditional festival. As a national transportation centre, Hanoi should work to ensure smooth and safe traffic for road users, Hai said. The official called for the involvement of the entire political system to improve transportation quality and the sector’s attitudes towards passengers. During his inspection tour of Noi Bai International Airport, he praised the efforts of the airport, which is among top ten airports in Asia, serving about 50 million passengers a year. As airports play an important role in … [Read more...]

Prime Minister to attend ASEAN-US Summit

Prime Minister Nguyen Tan Dung (Source: baochinhphu.vn)

Prime Minister Nguyen Tan Dung will attend the ASEAN-US Summit slated for February 15-16 at Sunnylands in Rancho Mirage, California, the United States. The Prime Minister’s attendance at the event was made at the invitation of US President Barack Obama, according to the Vietnamese Foreign Ministry on February 13. This unprecedented gathering, the first hosted by the US with the ASEAN leaders, builds on the deeper partnership that the US has forged with ASEAN since 2009 and is expected to further advance the US’s rebalance to Asia and the Pacific, the White House said on December 30, 2015. For nearly 40 years, the US and ASEAN have worked toward stability, prosperity, and peace in Southeast Asia. This summit will provide leaders a forum to strengthen cooperation under the new US-ASEAN strategic partnership, launched in November 2015 in Kuala Lumpur, on political, security, and economic issues, the White House stated. ASEAN groups Brunei, Cambodia, Indonesia, Laos, … [Read more...]

State supports Vietnam-RoK Incubator Park

The Vietnam-South Korea Incubator Park. (Source: KVIP)

The Ministry of Finance issued a circular to regulate the State's mechanisms, incentives and support at the Vietnam-Republic of Korea Incubator Park (KVIP) in Mekong delta Can Tho City. Circular No. 214 also outlines taxes and the State's investment credit for pilot projects. The regulation will be applied for the incubator park, legal enterprises, co-operatives, collaborative units, science and technology organisations, and individuals. Special policies applied to this incubator park include preferential policies for businesses and investment projects. In addition to preferential imports, incorporation and value-added taxes, businesses will also receive support in technology development and human resource training. The KVIP will install research equipment to develop farm produce, seafood processing and mechanical manufacturing. According to the circular, projects that are included in the appendices – or on the list of projects that qualify for credit loans issued together … [Read more...]

Central Highlands culture shines in Hanoi

Children joining in tug of war at the Vietnam Museum of Ethnology.

The essence of the traditional culture of ethnic minorities in the Central Highlands was showcased at the Vietnam Museum of Ethnology in Hanoi on February 13. The programme, jointly organised by the Museum and the Department of Culture, Sports and Tourism of Kon Tum province draw crowds of visitors and local residents. Visitors were lured by traditional practices, songs, dances, and folk games of the ethnic minority groups of Xo Dang, Brau, Si La, Ede, H’mong and Ba Na, performed by Kon Tum artisans. During the event, visitors had opportunities to exchange with experts on these ethnic minorities, played traditional music instruments, joined folk games and art performances, and enjoyed the ethnics’ signature food. Source: VNA … [Read more...]

Vietnam to cut tariffs on Laos imports

Customers visiting Thien Nien Ky Supermarket at Lao Bao special trading region in Quang Tri province.

Many goods imported from Laos will enjoy a reduction of 50 percent of tariffs between February 14, 2016, and October 3, 2020, according to the Ministry of Finance. The information was released in Circular 216/2015/TT-BTC by the Ministry of Finance about import and tax rates for implementation of bilateral trade agreements between Vietnam and Laos. The Circular 216 stipulates a list of goods originating from Laos imported into Vietnam that will enjoy a tax reduction of 50 percent under ATIGA (ASEAN Trade in Goods Agreement). The circular also stipulates that in case export tariffs in the ATIGA are higher than the tariff regulations in the Most Favoured Nation (MNF) Rules, imported goods will be subject to a 50 percent tax reduction under the MNF. Goods subject to tax reductions will include preserved or cooked poultry and birds' eggs, rice, sugarcane or refined sucrose. The provisions on non-tariff incentives, the Circular 216 also issues instructions on guidelines and conditions … [Read more...]

Various activities held to welcome Lunar New Year

An art troupe performing dragon dance. (Photo: baokhanhhoa.com.vn)

Various activities were held in localities across the country on February 11 (the fourth day of the first Lunar month) to celebrate the Lunar New Year 2016, reported Nhan dan newspaper. In Kon Tum, a canoe race took place with the participation of 97 athletes from nine communes along the Dak Bla River in Sa Thay district and Kon Tum city. The event has been organised annually since 2001, attracting thousands of spectators. The same canoe race was also held in Krong Ana district in Dak Lak province for the ninth time with the participation of 420 competitors from three local communes, aiming to entertain local people on the occasion of Tet holiday. In Binh Dinh province, a ceremony was organised at the Quang Trung National Museum to commemorate the 227th anniversary of the Ngoc Hoi - Dong Da Victory (1789-2016) to honour Emperor Quang Trung for his defeat of the Chinese Qing invaders. In southern Dong Nai province, a boat racing competition was held on the Dong Nai River with the … [Read more...]

Image: Hanoi residents flock to streets to enjoy Tet atmosphere

Numerous families out to enjoy Tet atmosphere.

On the first days of the 2016 Lunar New Year, the warm and sunny weather created favourable condition for Hanoi residents to flock to the streets to enjoy the Tet atmosphere as well as go to pagodas. Numerous families out to enjoy Tet atmosphere. People dressed up to wander around Hoan Kiem (Sword) Lake. People capture meaningful moments on the first days of the Lunar New Year. The electric cars take foreign visitors to relic sites and other beautiful sites in Hanoi. A large number of people flock to Van Mieu-Quoc Tu Giam (Temple of Literature) to pray for good luck in the new year. Parents pray for their children to study hard. Visiting Van Mieu to offer incense and ask for calligraphy letters is a meaningful cultural activity during Tet, showing the traditional fondness for learning of Vietnamese people. Each letter expresses a wish for a peaceful and happy new year.Nhan Dan … [Read more...]