Vietnamese, Lao ministries urged to boost telecom ad IT linksDeputy Prime Minister Trinh Dinh Dung has suggested the Ministry of Information and Telecommunication and the Ministry of Post and Telecommunications of Laos continue enhancing cooperation in order to effectively implement agreements reached between the two sides. The Vietnamese Government pledges to facilitate cooperation programmes between the two countries across fields, especially in economy, trade and investment, he added. For his part, Minister Thansamay Kommasith stressed that bilateral cooperation in post, telecom and IT in recent time has brought practical benefits to both sides, significantly contributing to improving the quality of IT and communication infrastructure in Laos. The visit aims to seek a consensus on contents of the agreement on IT and telecom cooperation between Vietnam and Laos, he said. He hoped that the Vietnamese Government will continue support Vietnamese telecom firms in expanding investment in Laos, contributing to developing and modernising information infrastructure in Laos and providing new services for local residents.
June 21, 2017 10:18 UTC
HSBC: Growth in operating conditions in manufacturing sector ongoingOperating conditions in the manufacturing sector - Vietnam’s bedrock - point to ongoing growth, with output, employment, and new orders - both overall and overseas - continuing to expand, according to HSBC’s Vietnam at a Glance report for March to May released on June 13. “With headline PMI at 51.6 (down from 54.1 previously) in May, the pace of growth was at its weakest since March 2016. The underlying details are also less encouraging, as both output and new orders grew at a softer pace, and the slowdown in growth of new export orders was particularly sharp. Exports by the foreign-invested sector rose 28 per cent year-on-year in May from 17.2 per cent in April, while the domestic sector posted 18.3 per cent growth, up from 9.7 per cent in April. Import growth also remained strong, at 26.8 per cent year-on-year in May, pushing the trade balance into deficit.
June 21, 2017 09:56 UTC
HÀ NỘI — The Ministry of Labour, Invalids and Social Affairs has requested localities to encourage talks between employers and employees in industrial and processing zones to promptly respond to issues faced by the labourers and prevent labour disputes and strikes. In particular, dialogues should be held especially between employees and employers in large-scale enterprises, the ministry said. To prevent and limit labour disputes, the ministry has also asked provinces and cities to intensify inspection, examination and supervision of the observance of labour regulations and strictly deal with violations. Problems such as wages, overtime work, welfare and social insurance are always at risk of leading to disputes between employees and employers. The Việt Nam General Confederation of Labour and the Việt Nam Chamber of Commerce and Industry were asked to promote labourers’ awareness on policies and law to address issues that arise in labour relations.
June 21, 2017 09:33 UTC
National Assembly’s third plenary session concludesThe third plenary session of the 14th National Assembly (NA) closed in Hanoi on June 21 after one month of sitting, making decisions on the country’s important matters. The NA Chairwoman noted that the legislature has yet to pass the Planning Law due to contentious contents. Legislators also heard the Government’s supplementary report on the implementation of socio-economic tasks in 2016 and the first months of 2017. NA Chairwoman Ngan asked deputies to be more active in law-making and monitoring activities, organize meetings with voters to listen to aspirations of voters and people nationwide. Earlier the same day, the last working session saw 460 deputies vote “yes” (93.69 percent) to pass the Law on Management and Use of State Assets (amended).
June 21, 2017 09:22 UTC
HÀ NỘI — As many as 13,422 Facebook account holders are conducting trading activities through this social network, the Hà Nội Taxation Department announced on June 20. Viên Viết Hùng, deputy director of Hà Nội Taxation Department, said that the agency had drawn up a tax administration project for e-commerce businesses in the city. The tax department has clarified and collected information on the identity and telephone numbers of the 13,422 Facebook account holders. They are advised to access and study information available on the website of the tax department, at hanoi.gdt.gov.vn, Hùng said. He said that some of his friends who also do business online have not yet received any message.
June 21, 2017 09:22 UTC
Students seek luck before exam at Temple of LiteratureStudents often visit Van Mieu Quoc Tu Giam, or Temple of Literature, in the days running up to their annual exams to pray for luck. Many students are flocking to the Temple of Literature, Vietnam’s first university, before their high school graduation exams which are scheduled to take place from June 22 to 24. The temple, the main Confucian school in feudal times, was built in 1070 in the time of Emperor Ly Nhan Tong. A lot of students were accompanied by their parents to burn incense to wish for luck and success. Students think that praying for good luck will help in addition to revisingDtinews
June 21, 2017 09:13 UTC
Vietnam has to sell fruits cheaply because of poor processingVietNamNet Bridge - Vietnamese have to buy some imported fruits at exorbitant prices, but can only export fruit at low prices. Vietnamese have to buy some imported fruits at exorbitant prices, but can only export fruit at low prices. However, while Vietnamese fruits sell cheaply in the domestic market or are exported at low prices, they are relatively expensive in foreign markets. Tran Van Nam, the owner of a Hanoi-based fruit import/export company in Hanoi, said the weakness in post-harvesting preservation and processing technology explains why Vietnam has to sell fruits fresh and accept low selling prices. Hung Yen and Bac Giang provinces have to sell longan and litchi at low prices in high season because of the poor processing technique.
June 21, 2017 09:11 UTC
Over 50 hospitals increase fees from this monthMore than 50 public hospitals in Hanoi and HCM City have begun increasing hospital fees for patients who do not hold health insurance cards from this month. A patient’s relative pays hospital fees at a hospital in Hanoi. The maximum price of medical treatment service includes the price of medical examination, day-bed service, technical and testing services. The increase in hospital fees would encourage more people to join the health insurance fund. As scheduled, 30 other cities and provinces will apply the hospital fees hike in August, 15 localities will implement it in October and 18 localities in December.
June 21, 2017 08:48 UTC
Vietnam hopes for over $10 bln trade with seven marketsVietnam expects to record bilateral two-way trade of over 10 billion USD with China, the Republic of Korea, the US, Japan, Thailand, Taiwan (China), and Malaysia in 2017. Processing seafood for exportsAccording to Vietnam Customs, trade between Vietnam and these markets reached 226.7 billion USD in 2016, making up 64.6 percent of Vietnam’s total trade with foreign countries. The figure is forecast to increase to 281.7 billion USD in 2017. Vietnam’s trade with China is anticipated to top 89.3 billion USD in 2017, representing a year-on-year rise of 24.2 percent, while that with the Republic of Korea is estimated at 63 billion USD, (up 45.1 percent); the US, 53.4 billion USD (compared to 47.2 billion USD in 2016); and Japan, 34.6 billion USD (up 16.6 percent). Trade between Vietnam and Thailand this year is likely to reach 15.3 billion USD (up 22.5 percent); Taiwan 15.3 billion USD (up 13.3 percent); and Malaysia, 10.75 billion USD (up 27.1 percent).
June 21, 2017 08:48 UTC
Number of foreign workers in Vietnam on the riseThe number of foreigners working in Việt Nam has increased significantly over the last ten years, the Ministry of Labour, Invalids and Social Affairs (MoLISA) reported. The number increased from more than 12,600 in 2004 to more than 83,500 in 2015, the ministry has said. The increasing number of foreign workers in Vietnam requires the improvement of the legal system to ensure the rights of migrant workers, especially social security. Social insurance authorities in Vietnam are developing a compulsory social insurance scheme for foreign workers in the country, citing the need to follow international practices as the country deepens integration. The 2014 Law on Social Insurance requires compulsory enrollment of foreign workers in the social insurance scheme, starting in 2018, to ensure their equality and welfare.
June 21, 2017 08:37 UTC
ICAEW: 2017 growth at more than 6.5%Stronger export growth and a continued rise in investment confirm that Vietnam’s GDP growth will go back to above 6.5 per cent in 2017 after a slowdown to 6.2 per cent in 2016, experts from the Institute of Chartered Accountants in England & Wales (ICAEW) have forecast. Rising FDI levels are fundamental to Vietnam’s growth. Measures available to correct the existing deficit, such as budget cuts and tax increases, risk slowing GDP growth and may not even address the deficit if such measures fall on public investments instead of consumption. “We expect domestic demand to remain the primary driver of growth, given the rapid but unstable recovery in external global trade. We expect Southeast Asia’s growth to slip back towards 4.5 per cent by Q4 2017, with full year GDP growth slightly higher than 2016.”In addition, the banking sector was under-capitalized by almost $10 billion (4.6 per cent of GDP) at end-2016 on Moody’s calculations.
June 21, 2017 07:30 UTC
Firework teams from the United Kingdom, Australia and Italy will compete on June 24 to vie for the champions' title at the Đà Nẵng International Firework Festival 2017 (DIFF 2017). The theme for the competition is 'Night of Wood'During this year’s firework festival, eight teams enthralled the audiences with spectacular performances by painting a colourful, magical picture of light on the night sky of Đà Nẵng City. Warm firesVietnamese and Austrian teams burned colourful fires in the sky of Đà Nẵng on the opening night themed 'Fire'. The romantic love story of Titanic was recalled through the firework performances by the Chinese team with lively music in the background, moving the audience. The Night of Wood promises to bring wonderful firework performances.
June 21, 2017 07:18 UTC
Lam Dong: Environment watchdog issues fine of VND400 mln on polluterPeople’s Committee in the highlands province of Lam Dong has issued fine of VND400million ($17,601) to Atlantic Vietnam Company in Bao Loc city-based Loc Son Industrial Park. For instance, Atlantic Vietnam discharged untreated waste water into the environment; as per the law, it is fined with VND125 million. Additionally, the polluter rarely operated the waste treatment system or it wrongly operated; accordingly, inspector issued additional fine of VND 25 million plus with fine of VND62.5 million for other violations. As per the laws, a fine will be doubled in environment pollution as an organization, accordingly, the company has to pay VND425 million. SGGPEnvironment police officers in the province detected the company violated environment protection regulation while paying visit to the company.
HCM City targets 37 traffic hot spotsHCM City has taken measures to ease traffic pressure at 37 congestion spots across the southern metropolis. Roads leading near Cat Lai Port recently suffered a 13-hour traffic jam, the most serious and longest traffic jam in the city this year. According to drivers, it was due to a sharp increase in lorries driving freight to and from Cat Lai Port in District 2. Traffic congestion is always a pressing issue in HCM City. Additional millions of vehicles from other provinces also contribute to traffic congestion in the city every day.
Banks hesitant to lend fishermen because of risksMany banks have shown reluctance to give loans to fishermen in the central provinces to build new boats because of the lack of insurance after many boats have broken down despite only being constructed recently. Phan Van Nghi, vice chairman of Gio Linh District said most banks only agreed to upgrade and renovate the old boats. Fisherman Pham Huu Danh said Agribank told him to withdraw the registration asking for loans to build a new boat. They were afraid after many boats became rusty after such a short time and worried that fishermen won't be able to repay the debt. Tran Chau, vice chairman of Binh Dinh Province said they tried to persuade the banks to no avail.