Vietnamese Deputy Minister of Information and Communications Hoang Vinh Bao said the event gave visitors an overview of political, cultural, economic, and diplomatic relations between Vietnam and Cambodia. 300 photos and 100 documents will introduce the culture, landscape and people of Vietnam during the integration and reform period. Bao said the organizing board hopes to bring Vietnam closer to the Cambodian people to foster the traditional friendship and all-round cooperation between the two nations. … [Read more...] about Exhibition highlights Vietnam-Cambodia ties
A room with a comfy clean bed, free wifi and a nice hot shower might sound like the perfect spot for tourists. But the simple formula no longer seems to be so attractive to young local and foreign visitors to Vietnam as accommodation-sharing services such as Airbnb grow increasingly popular. The service is competing with traditional hotels to attract visitors who want to enjoy local life for up to half the price. “Rather than staying in hotel rooms, many visitors prefer to stay in homes,” said a representative of Luxstay, an Airbnb-like business that offers properties for rent in Vietnam. The rising number of people visiting Vietnam has created the momentum for growth in the accommodation-sharing businesses, according to experts. Vietnam is on track to receive 12.8 million foreign tourists this year, up 28 percent against 2016, having already broken the record of more than 10 million with still two weeks to go until the year-end. Official data from the General Statistics … [Read more...] about Booming Airbnb service puts pressure on hotels in Vietnam
Illustrative image (Source: VNA) Phnom Penh (VNA) – The Vietnam – Cambodia Information and Communications Technology (ICT) Cooperation Forum took place in Phnom Penh, Cambodia on December 18. The event was part of activities celebrating the Vietnam – Cambodia Friendship Year 2017 and the 50th anniversary of bilateral diplomatic ties. Speaking at the event, Vietnamese Deputy Minister of Information and Communications Hoang Vinh Bao said Vietnam always creates favourable conditions for communications and ICT firms with strong financial and technological capacity such as Viettel, VNPT, FPT, VTC and Mobifone to do business abroad, especially in countries with special cooperatives ties like Cambodia. He expressed his wish that Cambodian authorities would enhance cooperation with Vietnam via experience sharing between State management agencies and close links between the two countries’ enterprises. Cambodian State Secretary for Posts and … [Read more...] about Vietnam, Cambodia hold ICT cooperation forum
Vietnam shares rose more than 2 percent on Monday, helped by a $5 billion stake sale in state-owned Sabeco in the country's biggest ever privatisation process, while Philippines rose on bargain-hunting after last week's losses.A unit of Thai Beverage won the auction to buy a 54 percent stake in the top brewer, with the Thailand-based company emerging as the only buyer after the anticipated sale of the state-owned maker of Bia Saigon gained momentum in recent months. The Vietnam index ended 2.5 percent higher with gains in consumer staples and financial stocks boosting sentiment, and is hovering near a decade-high hit earlier this month.Shares of Sabeco gained as much as 2.8 percent before closing flat."From last week, the market has expected that (Sabeco's share sale) would be successful; therefore investors have a positive outlook at the beginning of this week," said Do Bao Ngoc, a senior analyst at MB Securities in Hanoi.The Vietnam index posted a weekly loss of 2.1 percent last … [Read more...] about Vietnam stock up 2.5 pct on Sabeco stake sale; Philippines rebounds
A senior official who became the youngest provincial department head in Vietnam at the time of his promotion is all but poised to lose his position following a ruling by the Communist Party’s top watchdog that dismissed his appointment as “wrongful” and held his father, who then was the province’s top leader, accountable for nepotism. The Central Inspection Committee said in a statement on Saturday that Le Phuoc Hoai Bao, the director of Quang Nam’s Department of Planning and Investment, was “dishonest” in his profile and application form when he was nominated for a slot at the Communist Party unit of the central province in 2015. The committee did not elaborate on his dishonesty. It also concluded that Bao had violated the Party’s discipline principles, among other things. The committee held Quang Nam's provincial administration responsible for a host of wrongdoings in appointing local officials and pointed the finger at Bao’s … [Read more...] about Vietnam province’s leader handpicked son for top post. Now both face the music
While brands and celebrities in Vietnam are embracing Facebook Live, a live-streaming video service, as a new medium for advertisements, local tax authorities are scratching their heads on how to collect taxes on income generated by such activities.Vietnamese celebs and tastemakers with massive social media followings, often in the tens of thousands, are being paid by companies to promote products and brands through well-worded Facebook posts and carefully-scripted Facebook Live broadcasts.Brands looking to extend their advertising reach do their best to leverage the social media accounts of celebrity endorsers by engaging with potential customers through a medium that many feel is more relatable than conventional advertising.Industry insiders claim that smaller brands will pay lesser-known live-streamers anywhere from VND20 million ($881) to VND25 million ($1,101) per live broadcast while local celebs can rake in a few hundred million dong per month from social media advertising … [Read more...] about Can Vietnam ask Facebook live-streamers to pay taxes?
At the event. (Photo: thethaovanhoa.vn) Since its establishment 65 years ago in Viet Bac Revolutionary Base, generations of artists and actors of the theater have incessantly strived for artistic achievements in their field. They overcame challenges of the market economy and actively promoted international exchange and integration as well as gained many outstanding prizes at home and abroad.The theater held ten shows with five special dramas, including “Hong Lau Mong” (Dream of the Red Chamber), “Bao to Truong Son” (Storms of Truong Son), “Romeo and Juliet”, “Lao ha tien” (Stingy man) and “Kieu” from Dec. 8 to 22 at Hanoi Opera House. Translated by Trung Thanh … [Read more...] about Vietnam Drama Theater receives noble order
Dear Santa, I wonder how you manage to get into Vietnam. Do you use a visa on arrival, booked by your elves? Or did the said elves have to wait in line at a consulate, pay the money and come back two days later? And since you’re on the job, how do you get your work permit so quickly? Mind you, Santa, you can get the visa faster in Cambodia than in Malaysia. Singapore is the most expensive embassy I’ve visited so far and the Australian Consulate has the smallest waiting area. Good thing you don’t have to travel overland, Moc Bai Border Gate is suffocating in the heat with nowhere to sit while waiting and Lao Bao Border Gate is a nice walk down the hill and back again from where the bus stops. And there’s no food stalls for reindeer, poor things. I wonder if customs will try to stop you at the border for sack inspection, ask for a detailed list of goods and recommend a good broker on your behalf when you’re accused of bringing in second-hand goods. … [Read more...] about Eek! Santa’s coming to Vietnam!
Vietnam patrol plane detects object in seaPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – An amphibious patrol plane of Vietnam detected a floating object in the waters just 80km south and southwest of Tho Chu Island off the country’s southern cape at 6:30 p.m. on Sunday, said a source from the command of aviation search and rescue operations. The command suspected this object might be a wreckage of the missing Malaysian Airlines plane, so it had informed Malaysian and Singapore sides, the source told the local media. The patrol aircraft took a picture of the floating object but it is not clear due to the dark. This plane returned to base on Phu Quoc Island and will get back to the area tomorrow morning. The command told Vietnam Maritime Search and Rescue Coordination Center (Vietnam MRCC) to send a Search and Rescue (SAR) vessel to the area of the floating object. Earlier two patrol planes of Vietnam’s military on Sunday discovered some unidentified … [Read more...] about Vietnam patrol plane detects object in sea
Vietnam dong strengthens against dollarHong Phuc By Hong Phuc - The Saigon Times Daily HCMC – Experts in the finance-banking sector have said the Vietnam dong has appreciated against the U.S. dollar in the past weeks owing to ample domestic supply of the greenback. Last week was the third week the State Bank of Vietnam (SBV) had announced the daily average inter-bank exchange rate for local banks and foreign bank branches in Vietnam to quote their dollar buying and selling prices. The Vietnam dong has continued getting firmer against the greenback over the past two weeks though the SBV’s daily rate has been adjusted regularly in the period. Last Monday saw some banks quoting the dollar buying price at VND22,380 in the afternoon, below VND22,405 in the morning. Vietcombank on January 27 bought one dollar at VND22,220 and sold it at VND22,290, down VND70 from the day earlier. Meanwhile, the dollar buying price at Eximbank stood … [Read more...] about Vietnam dong strengthens against dollar