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Archive for October 13th, 2009|Daily archive page

Hanoi to host National Tourism Year 2010

In Vietnam Travel on October 13, 2009 at 3:06 am

Hanoi to host National Tourism Year 2010

QĐND – Sunday, October 11, 2009, 20:34 (GMT+7)

A ceremony was held in Hanoi on October 10 to celebrate the 999th anniversary of the capital and announce the National Tourism Year 2010.

In his opening speech, Hanoi Mayor Nguyen The Thao noted that 999 years ago King Ly Thai To issued the Edict on the Transfer of the Capital, moving the capital from Hoa Lu (in Ninh Binh province) to Thang Long citadel (now Hanoi). Despite many upheavals of history, Hanoi became the assembly point of scholars, diverse cultures and ethnic groups from across the country. It is now the country’s political, administrative, economic, cultural, educational, scientific and technological centre.

Deputy Prime Minister Nguyen Sinh Hung handed over the symbolic flag of the National Tourism Year 2010 to Mr Thao.

Nearly 1,000 artists, actors and actresses entertained local audiences with special art performances that feature the distinctive cultural identity of Thang Long-Hanoi and promote the city’s friendly and attractive image to visitors.

The Tourism Year 2010 is closely linked to celebrations of the capital’s 1,000th anniversary. It will include nine major programmes and almost 30 activities, including tourism and cultural festivals and sports games. This is a good chance for Hanoi to show off the image of the City for Peace to local and foreign visitors.

Source: VOV

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Airlines report gains and expansion

In Vietnam Travel on October 13, 2009 at 3:06 am

Airlines report gains and expansion

QĐND – Monday, October 12, 2009, 21:14 (GMT+7)

Air carriers serving Vietnam appear to be not just weathering the economic crisis, but thriving in it. Recent reports from Vietnam Airlines (VA), Vietjet Air and Jetstar Pacific reveal that the airline industry is heating up in Vietnam.

At a ceremony announcing the new VA Hanoi-Fukuoka air route on October 9, 2009, VA Deputy General Director Trinh Hong Quang speculated that the national flag air carrier will earn some 50 billion dong in profit in 2009.

Quang said that the air carrier has expanded despite the economic crisis because it anticipated difficulties and set up reasonable policies to lower expenses.

“We have been flexible with our business. For example, we have been using smaller aircraft on air routes with low numbers of passengers,” Quang explained.

While other airlines have been suffering, VA has decided to open many new air routes, such as the direct Hanoi-Fukuoka flight twice weekly.

VA is now the top choice of Japanese travelers coming to Vietnam, Laos and Cambodia. The air carrier hopes to see the number of Japanese travelers to Vietnam rise from 400,000 to 500,000 in the future.

Additionally, Jetstar Pacific has enjoyed an impressive passenger growth rate of 30 percent in the first six months of 2009, with nearly one million passengers served, compared with the same period last year. On the HCM City – Hanoi air route, the airline now provides 40 percent of regular flights.

Jetstar Pacific hopes that its total number of passengers on domestic flights will reach two million in 2009, an increase of 25 percent over the previous year (1.5 million).

Vietjet Air, the first private airline in Vietnam received its flight license in December 2007, but has delayed launching flights several times due to economic difficulties.

Luu Thanh Binh, Deputy Head of the Civil Aviation Administration of Vietnam (CAAV), which once threatened to revoke Vietjet Air’s license, noted that CAAV has extended their deadline from seven months to one year, granting Vietjet Air additional time to prepare.

In related news, Circular No 103, which removes the airfare ceiling, has not come into effect. Currently, domestic airlines must follow ceiling guidelines (i.e. they cannot set airfares higher than the ceiling level stipulated by CAAV).  Airlines want the ceiling removed so that they can base airfares on demand and flying capacity.

Binh reported that, although Circular 103 removes the airfare ceiling, the 2006 Civil Aviation Law is still valid and it stipulates that ceilings must be set. In order to implement the circular, he commented, the law itself must be amended.

Source: VNN

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Women’s Football Tournament to kick off in Quang Ninh

In Vietnam Sports on October 13, 2009 at 3:06 am

Women’s Football Tournament to kick off in Quang Ninh

QĐND – Saturday, October 10, 2009, 22:22 (GMT+7)

The annual International Women’s Football Tournament – Coal-Minerals Cup – will kick off next week in Quang Ninh province.

The event will attract the participation of four teams including the Vietnam national team, Thailand, Laos and the Vietnam’s Coal and Minerals team. They will play in a round-robin format.

The winner will receive VND40 million (US$2,900) in prize money. The runner up will get VND30 million and third place VND20 million.

There will be prize money for the best player, best scorer, best goalkeeper and the team showing the best conduct.

International referees will be appointed by the Asian Football Confederation to manage the tournament.

The opening ceremony and first match will be at Cua Ong Stadium and will be broadcast live at 2.30pm next Friday on VTV3 channel.

The final will take place on October 23.

Source: VOV

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Promoting images of gong to international friends

In Vietnam Culture on October 13, 2009 at 3:06 am

Promoting images of gong to international friends

QĐND – Saturday, October 10, 2009, 22:22 (GMT+7)

The Central Highland region is busy preparing for the 2009 International Gong Festival which will take place in Gia Lai next month. A VOV reporter interviewed Mang Dung, vice chairman of the Gia Lai provincial People’s Committee about the festival.

VOV: Can you tell us about the province’s preparations for the event?

Mr Dung: This is the first time Gia Lai will hold the International Gong Festival. Every week, the provincial authorities check the preparations. We have also launched a number of programmes to promote the event and designed tours to guide tourists.

So far the province has prepared more than 1,600 hotel rooms to accommodate visitors. If there are a lot of tourists, the province will transport them to Kon Tum by bus. The festival is expected to attract around 30,000 guests.

VOV: With a wide range of activities, isn’t this a good chance for the province to promote its image to domestic and foreign friends?

Mr Dung: That’s true. Gong culture is a bridge for countries around the world to unite through mutual understanding. The festival will help the province to promote itself. We want friends to gain a better understanding of the province’s culture in order to help the province preserve and promote our unique gong culture.

VOV: At many festivals, national culture heritages are not kept true to their origin. What will the organising board do to avoid this problem?

Mr Dung: If Vietnam wants to promote gong culture to international friends it must perform it authentically. Currently, some hamlets still exchange gongs performances. Thus, the gong stage does not lose its origin. It is simply performed in another cultural space for people to enjoy.

VOV: How does Gia Lai province preserve and develop Gong culture in the middle of modern life?

Mr Dung: We must remember that the origin of gong culture as shown by research. To serve tourism purposes, Central Highland dances should be based on their origin. Gong is the flesh and blood of Central Highlanders. The Party and State have issued policies to preserve and promote gong cultural values. Traditional culture will never fade into oblivion because it is forever the foundation for people living in the Central Highlands.

VOV: Thank you very much

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Outstanding entrepreneurs presented with Thanh Giong Cup

In Vietnam Economy on October 13, 2009 at 3:05 am

Outstanding entrepreneurs presented with Thanh Giong Cup

QĐND – Sunday, October 11, 2009, 20:34 (GMT+7)

As many as 100 entrepreneurs were honoured at a ceremony in Hanoi on October 10 for their outstanding performances in terms of enterprise development, contributions to the economy and community, and improving workers’ living conditions.

At the ceremony, State President Nguyen Minh Triet presented the Thanh Giong Cup to the most excellent representatives of the local business community.
President Triet said amid the adverse impact of the global economic-financial crisis, the success of the businesspeople is of great significance.

The Vietnamese business community has joined efforts with the entire Party and people to lift the national economy out of difficulties to maintain steady growth. Vietnam’s forecast GDP growth of 5 percent this year has demonstrated the all-out efforts of the entire Party and people, including the business circle’s remarkable contributions.

Mr Triet encouraged businesses to work harder to overcome difficulties and further contribute to national development.
Source: VOVNews/VNA

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Discussion on the roles of Vietnamese businessmen

In Vietnam Economy on October 13, 2009 at 3:05 am

Discussion on the roles of Vietnamese businessmen

QĐND – Sunday, October 11, 2009, 20:34 (GMT+7)

A forum titled “To bring into full play the role of Vietnamese businessmen in the new era” was held on October 10th by the Vietnam Chamber of Commerce and Industry (VCCI) and Nhan Dan (People’s) Newspaper in the build-up to the Vietnamese Businessmen’s Day.

The main discussions at the forum were the role, status of Vietnamese businessmen in national modernisation and industrialisation; targets of domestic businessmen development and measures to improve the role of Vietnamese businessmen in the future.

President of VCCI, Doctor Vu Tien Loc, in his closing address, said that the business circle is now playing a very important part in national socio-economic development. Thus, Vietnamese businessmen should join together into a united bloc to overcome difficulties and contribute more to the nation.

He also promised to work with competent agencies to create a more favorable environment for businessmen.

Source: HNM – Photo: doanhnhan360

Translated by Thu Nguyen

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Liberty and Tien Phong team up

In Vietnam Economy on October 13, 2009 at 3:05 am

Liberty and Tien Phong team up

QĐND – Sunday, October 11, 2009, 20:34 (GMT+7)

A cooperation agreement was officially signed on October 10th in Hanoi between US life insurance company Liberty and Tien Phong Bank.

Under the agreement, the two sides will cooperate in providing insurance products for the Vietnamese bank’s clients.

Accordingly, the bank’s clients who apply for mortgage loans will be given insurance for their pledges at the bank.

In addition, clients of the bank, including individuals or organisations, can also access other insurance products and services, such as health, asset, accident, and tourism insurances, provided by Liberty at Tien Phong Bank.

Source: HNM

Translated by Thu Nguyen

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Reputable stock brand names honoured

In Vietnam Economy on October 13, 2009 at 3:04 am

Reputable stock brand names honoured

QĐND – Sunday, October 11, 2009, 20:34 (GMT+7)

The second annual ceremony to present “reputable stock brand names” golden cup awards for 156 companies listed and unlisted on the Vietnam Stock Market was held in Hanoi on October 11.

At the ceremony, Nguyen Thanh Ky, general secretary of the Vietnam Association of Securities Businesses said that the jury chose 100 listed companies, 30 unlisted companies, and 26 brokers to receive awards.

This year’s recipients included the Vietnam Construction Import-Export Joint Stock Corporation, the Vietnam Milk Joint Stock Company, the Vietnam Oil and Gas Insurance Joint Stock Corporation, Bao Viet Insurance JSC, Tay Ninh Rubber JSC, the Joint Stock Bank for Foreign Trade of Vietnam, and the Military Commercial Joint Stock Bank.

The awards honour businesses’ success nine years after listing on the stock market and their achievement of equitisation.

With a combined owner equity of more than VND170,000 billion, total assets of VND850,000 billion and turnover of more than VND350,000 billion, the winning businesses annually make a significant contribution to the stock market and national economic development.

Last year, 142 businesses received such awards.

Source: VOV

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City’s GDP growth may reach target, say officials

In Vietnam Economy on October 13, 2009 at 3:04 am

City’s GDP growth may reach target, say officials

QĐND – Monday, October 12, 2009, 21:13 (GMT+7)

Ho Chi Minh City has completed 18 out of 20 of its economic and social targets for the year, Thai Van Re, director of the city’s Department of Planning and Investment, reported at a meeting with a visiting delegation of the National Assembly (NA) Friday.

The two targets that cannot be reached at the current time are economic growth and total export turnover, he said.

However, Mr Re said that the city’s GDP development rate was predicted to reach 10.3 percent in the last three months of the year, which would see an annual growth rate of 7.5 percent.

In the middle of the year, when the economic downturn was rather serious, many provincial and municipal authorities around the country revised economic targets down. However, HCM City authorities did not change their target, with officials seeing signs of recovery and kept it set at 7.5 percent.

The head of the delegation, Tran Hoang Tham said that delegates were worried about unchanged growth rate.

“But attempts, displayed in flexible measures that the city has carried out, have improved its economy,” he said.

According to the deputy chairman of the city, Nguyen Thanh Tai, the local economy is recovering and achieving an initial success after the downturn month by month.

At the meeting, city leaders sent a proposal to the Government and the NA, asking for the city to be allowed to keep excess money from the budget and use it for investment in urban infrastructure and social welfare.

Regarding an urban management mechanism, leaders asked to adapt certain national rules for a city with a population of ten million, as general rules applied to the whole country are not relevant to the problems in Ho Chi Minh City.

The city also asked to have control over its own budget and double the capital spent on public infrastructure.

In addition, the director of the city’s Department of Finance, Dao Thi Huong Lan, suggested the Government cut the city’s expected budget target because the city can not meet the goal of VND133 trillion in 2010, as it will only hit VND128 trillion.

Source: SGGP











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Vietnam sets higher taxable prices for imported cars

In Vietnam Economy on October 13, 2009 at 3:03 am

Vietnam sets higher taxable prices for imported cars

QĐND – Sunday, October 11, 2009, 20:35 (GMT+7)

The General Customs Department has set higher minimum taxable prices for more than 600 imported car models, following allegations that local importers have used under-invoicing to evade taxes.

Taxable prices for all imported cars, both new and used, will be between 3 and 20 percent higher, which can translate to an increase of thousands of US dollars, local newswire VnExpress reported Friday.

An Acura MDX imported from Canada, for instance, was priced at US$33,000 at Vietnamese ports, but now customs will tax the vehicles on a price of no less than $37,000, even if the actual price is lower, the newswire said.

Fair but expensive

A car importer in Ho Chi Minh City told VnExpress that the move would make competition more fair among businesses, but he said it would also drive retail prices up.

“In the end, it is still consumers who will be hurt,” he said, warning that incorrect pricing could violate regulations set by the World Trade Organization.

The decision to raise minimum prices for imported cars came after Vietnam’s carmakers said under-invoicing and other unfair competitive practices by auto importers were hurting them as well as the state exchequer.

The Vietnam Automobile Manufacturers’ Association has informed the Finance Ministry that some importers intentionally make invoice prices much lower than actual selling prices to reduce their tax obligations.

However, many car importers said they declared car prices based on their contracts with foreign sellers and thus it is not so easy to evade tax by under-invoicing as claimed by the automobile association.

They said the new price list was made in favor of the Vietnam Automobile Manufacturers’ Association. 

But VnExpress cited an official at the General Customs Department as saying that the decision was not a response to what the car association has said. It was necessary to update the price list regularly, he said.

Source: TN

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