BUSINESS IN BRIEF 14/3Binh Duong provincial People’s Committee granted investment certificates to 19 projects yesterday for the first investment stage in 2018, including 15 foreign direct investment (FDI) projects. The dialogue consisted of two sessions discussing business opportunities, advantages and disadvantages for services, tourism and transportation. Business representatives from both countries also expected the newly signed CPTPP to further promote bilateral and multilateral economic and trade cooperation. During the period, nine projects increased their investment capital by 153.45 million USD, including two projects outside industrial parks with 23 million USD added. Other statistics from the General Department of Customs showed that Viet Nam’s steel exports to the US in particular had surged.
March 14, 2018 01:29 UTC
Reform may see labourers paid for their productivityVietNamNet Bridge – Businesses will likely narrow the pay gap among labourers and recalculate salary scales based on productivity at work instead of seniority, the Ministry of Labour, Invalids and Social Affairs has said. In the first option, the regulation of five per cent pay gap at every wage rate would be discarded. The pay gap between wage rates must encourage labourers to improve their professional and technical skills, accumulate experience and develop their talents. This meant that enterprises would use wage funds to increase wages for hard-working labourers with high productivity instead of increasing the wages for all labourers. With the new pay gap of three per cent, labourers’ lives would be very hard, he said.
March 14, 2018 00:56 UTC
Bus stops need renovating to attract ridersVietNamNet Bridge – After years of decline, in 2017 the number of bus riders in Hanoi increased by more than three per cent, however experts say improved bus stops and shelters will make public transport even more attractive. “Bus shelters? The situation is worse at the bus stop in front of Nuoc Ngam bus station. Worsen in the suburbanIn outlying areas, bus stops and shelters are put too near main roads, posing threats of traffic accidents for both bus riders and drivers. Bus stops and shelters also connect bus routes and other means of public transportation such as bus rapid transit (BRT) or metro.
March 14, 2018 00:00 UTC
ILDC wants to develop $6-billion deep seaport complex in Soc TrangInternational Local Development Consortium (ILDC) from France intends to develop a $6-billion deep seaport complex in the Mekong Delta of southern Vietnam. According to Chuyen, the province received numerous planning documents from investors proposing to develop the deep seaport in the province. ILDC promised to take the seaport of the complex into operation by 2026 to exploit domestic routes. Compared to other locations in the Mekong River Delta, Soc Trang possesses huge potential for seaport and shipping development as well as waterway transport. The corporation consists of over 30 leading international companies with expertise in ecological, urban, and industrial development.
March 13, 2018 16:07 UTC
Bac Lieu bird sanctuary faces high risk of firesThe Bac Lieu Bird Sanctuary in the Mekong Delta province of Bac Lieu is facing a level-4 risk of fires, which is likely to be raised to level 5, the level of extreme danger, said the sanctuary management board on March 13. Bac Lieu bird sanctuary faces high risk of fires. (Photo: Tabalo.org)The lengthy hot spell brought high temperatures to the Bac Lieu Bird Sanctuary that dry canals and make plants more flammable, putting it on high alert for firesIn response to the situation, the management board has worked on shifts round the clock to watch out for the possible fires, cleared bushes and dredged canals over the past month. Located in Nha Mat ward, the Bac Lieu Bird Sanctuary is only 7km from downtown Bac Lieu city. The 130-hectare park is home to over 60,000 birds, belonging to about 100 species, many of which are in danger.-VNA
March 13, 2018 15:00 UTC
Vietnamese people expected to travel and spend moreVietnamese travellers take the most shorts trips in the world, and the trend is expected to be on the rise with more local travel outside of Asia and spend more on their trips, according to Visa Global Travel Intentions (GTI) Survey. Vietnamese travellers, in particular, are found to take the most shorts trips with 74 per cent of those being in four nights or less. Among the top 5 motivations, reward-based motivations include bonding with family and friends and to unplug, while achievement-based motivations include experiencing new cultures and visiting exotic destinations. The study also showed a range of positive trends amongst Vietnamese travellers. Accordingly, the average time spent abroad during the last trips is found to be four nights for Vietnamese travelers, much lower than the APAC average of seven nights.
March 13, 2018 14:48 UTC
SOEs failed to disclose business information to be punishedThe Ministry of Planning and Investment (MPI) has just asked the Government to handle the state-owned enterprises (SOEs) which failed to disclose their business information in 2017 in line with the Government’s Decree 81/2015/ND-CP issued in September 2015. (Photo: baodautu.vn)According to the ministry’s report, by the end of 2017, only 265 out of 622 SOEs sent reports to publicise their information on MPI’s business information portal. Besides, many subsidiaries failed to follow the Decree, including one under the Vietnam National Oil and Gas Group (PetroVietnam), two under the Vietnam National Chemical Group (VinaChem), five under the Vietnam National Coal – Mineral Industries Holding Corporation (VinaComin), and four under the Vietnam Rubber Group (VRG). As of December 31, 2017, only 20 out of 84 governing bodies disclosed their business information in line with the decree. The rest have yet strictly followed the decree, in terms of setting up a column to disclose their business information, inspection, monitoring and violation handling.
March 13, 2018 12:33 UTC
IT helps the blind get better lifeMore than 3,500 out of over 1 million blind people in Vietnam have used computer proficiently for the work and daily life, President of the Vietnam Blind Association Pham Viet Thu noted at a conference on solutions to information technology (IT) development for the blind in Hanoi on March 13. IT helps the blind get better life. Yutori Sadamoto from the Japan International Cooperation Agency (JICA) in Vietnam stressed that IT plays an important role in the life of the blind. An IT Training programme for the blind has been launched from March 2017 to August 2019 in the Training and Rehabilitation Centre for Blind under the Vietnam Blind Association and the Centre for Blind Children Education and Career Guidance under the Blind Association of the central Thua Thien-Hue province. After the conference, an information technology training course with two classes will be open at the Training and Rehabilitation Centre for Blind on March 15.-VNA
March 13, 2018 12:33 UTC
“The Prime Ministers of Australia and Vietnam, Malcolm Turnbull and Nguyen Xuan Phuc, will sign a strategic partnership agreement in Canberra on March 16. Over the last forty-five years Australia and Vietnam have built up strategic trust based on mutual respect and shared interests. In 2009, Australia and Vietnam agreed to form a comprehensive partnership (2009) and in 2015 they agreed to enhance the comprehensive partnership. The new strategic partnership between Australia and Vietnam must be forward looking and reflect the reality that both countries have a growing convergence of national interests. After the strategic partnership is signed both sides will have to work draw up a Plan of Action for the coming years.
March 13, 2018 11:26 UTC
Watch huts on Hue’s flag tower to be restoredVietNamNet Bridge – Hue is restoring two watch huts that once sat atop the historic Ky Dai flag tower in this former imperial capital city. Coming back: The flag tower and two watch huts on the top platform of the tower. Hai said the restoration of the watch huts began according to a request by the Ministry of Culture, Sports and Tourism in 2017, aiming to ensure the authenticity of this historic tower. The centre director also added that time and war had collapsed the concrete huts, leaving their foundations at the scene. Scenic: One of the watch huts and an aerial view around the flag tower.
Book reflects astonishing beauty of the Spratlys’ landscape, soldiers, peopleVietNamNet Bridge – The beauty of the nature in the Truong Sa (Spratly Islands) and its people is portrayed in a book of photos taken by photographer and journalist Nguyen My Tra, released yesterday in Hanoi. Soldiers in Truong Sa are captured in one of Nguyen My Tra’s photos. “This book is also about the people living on the mainland and overseas who yearn to visit the Spratlys. Now they are gathered in the book Truong Sa – Here We Come. She hopes that her exhibition and book will inspire the younger generation to love the Spratlys as well as the country more.
Vietnamese designer to host fashion show on cruiserVietNamNet Bridge – Well-known Vietnamese designer Le Thanh Hoa will transform a 50m-long luxurious cruiser into a ramp for his upcoming fashion show. Newly-crowned Miss International Queen 2018, Vietnamese transwoman Huong Giang, is seen in Vietnamese designer Le Thanh Hoa’s outfit in the finale of the pageant. The designer will have his latest designs displayed at a fashion show on a luxurious cruiser in Ha Long Bay in Quang Ninh Province. Hoa has participated in major Vietnamese fashion shows, including Dep Fashion Show, Elle Show or Viet Nam International Fashion Week. The ball gown worn by the newly-crowned Miss International Queen 2018, Vietnamese transwoman Huong Giang, is one of Hoa’s designs.
Public in favour of capital’s underground train station planVietNamNet Bridge – Locating an underground station (Terminal C9) for the city’s urban railway project near Hoan Kiem Lake is reasonable, Dao Ngoc Nghiem, deputy chairman of the Ha Noi Association for Urban Development and Planning told Tien Phongnewspaper (the Vanguard). According to the master plan, Terminal C9 is designed to be 150m in length, 21.4m in width and 17.45m in depth. The underground terminal C9 will have four entrances and exits. In addition to experts’ opinions, the master plan of the underground terminal is also gathering many comments from people. It was necessary to present an architectural form to match the heritage of Hoan Kiem Lake.
Province budget to pay for workers’ social insuranceThe People’s Committee of southern Đồng Nai Province on Sunday decided to spend VNĐ1.4 billion (US$61,500) from its budget to pay for the social insurance of workers of a garment company. Many workers, especially pregnant employees, became worried as they were unable to get social insurance benefits since the company did not pay social insurance to the insurance agency. The group asked the workers to compile designation letters and gave advice on how to terminate labour contracts and close social insurance books. The Cao Bang Employment Service Centre will coordinate with the Labour-Invalids and Social Affairs of districts across the province to recruit and supply labour for Chongzoa city. The MoH will grant autonomy to more public non-business institutes and consider managing hospitals as social businesses, Tien said.
More Chinese travelers visiting Vietnam via chartered flightsVietNamNet Bridge - Nha Trang, Da Nang, HCM City and other famous tourism sites are seeing an influx of Chinese travelers. Chinese travelers have been flocking to VietnamCam Ranh Airport in Khanh Hoa province was full of Chinese travelers during the Tet holiday. According to a report, there were 30-40 chartered flights a day bringing 9,000-12,000 Chinese travelers to the locality. In 2017, Vietnam received 4 million Chinese travelers, a sharp increase of 48.6 percent over 2016. He said that most of the aircraft serving chartered flights were leased from Vietnam’s airlines, and the number of Chinese travelers will increase as Chinese air carriers have joined the market.
March 13, 2018 09:11 UTC