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Archive for October 19th, 2010|Daily archive page

Nearly 1 million foreigners visit Hanoi

In Uncategorized on October 19, 2010 at 8:11 pm

Nearly 1 million foreigners visit Hanoi

QĐND – Tuesday, October 19, 2010, 22:15 (GMT+7)

During the Great Festival to celebrate 1,000th Anniversary of Thang Long-Hanoi, which took place from October 1st-10th, the capital city welcomed around 1.2 million domestic visitors and over 30,000 international tourists, Truong Minh Tien, Deputy Head of the Hanoi’s Department of Culture, Sports and Tourism told Hanoimoi Newspaper.

In the first nine months of this year, Hanoi received around 9 million domestic tourists, up by 40%, and 960,000 foreign ones, up by 15% compared to the same period last year.

According to Tien, the great success of the Great Festival greatly contributed to promoting the capital city’s image to the world.

It is estimated that number of international tourists coming to Hanoi will continue to rise in the forthcoming time. From now until the end of the National Tourism Year 2010, Hanoi’s tourism sector will focus on enhancing quality of tourism services and launching more special tours and programs.

The city is also expected to receive a total of 1.4 million foreign tourists and 11 million domestic visitors in 2010.

Source: HNM

Translated by Vu Hung

Source: QDND

Vietnam’s best hotels and resorts announced

In Uncategorized on October 19, 2010 at 8:11 pm

Vietnam’s best hotels and resorts announced

QĐND – Tuesday, October 19, 2010, 22:15 (GMT+7)

The organising board of the World Travel Awards has recently announced the best hotels, spas and resorts in Vietnam in 2010 based on votes by global travel agencies and service providers.

According to, Avason Ana Mandara Nha Trang was voted as Vietnam’s best spa, Avason Ana Mandara Resort as the best resort while InterContinental Asiana Sai Gon was selected as the best hotel while the Sheraton Hanoi received the award of best hotels for business.

According the Awards’ organising board, as many as 183,000 travel, transport firms and tourism organisations from over 160 countries and territories took part in the 17th vote in the Asian region.

Winners of the region will be candidates at the global selection which is expected to be announced in London before the World’s Tourism Fair on the upcoming November 7th.

Source: thesaigontimes

Translated by Vu Hung

Source: QDND

Demand for accounting/finance personnel remains “hot”

In Uncategorized on October 19, 2010 at 8:11 pm

Demand for accounting/finance personnel remains “hot”

QĐND – Tuesday, October 19, 2010, 22:14 (GMT+7)

Accounting/finance ranked third amongst the top five functions with the highest demand for executive positions during the first three quarters of 2010, reported Navigos Group.

Of the total demand for accounting/finance manpower, 25 percent was for finance managers and directors, 4 percent for finance controllers and demand for chief accountants and accountants was a substantial 38 percent and 33 percent respectively, according to a recent research carried by the leading and largest recruiting firm in Vietnam.

Navigos Group’s Managing Director Nguyen Thi Van Anh said, “The most recent monetary downturn was witness to the growing influence and control that chief finance officers and finance leaders have in guiding businesses through troubled times.”

“No longer just bookkeepers for their firms, accounting and finance professionals are regarded as business partners, skilled in areas of divesting and restructuring businesses, developing financial models and analysing financial forecasts, as well as developing back office transaction processes that support cast flow and drive efficiencies in so many areas,” the director said.

Le Thi Hong Len, Country Manager of the Association of Chartered Certified Accountants (ACCA), added that changes in the roles of professional accountants and the finance function itself are partly a consequence of the downturn, and partly an outcome of a growing recognition of the value that the finance function and professional accountants can add to an organisation.

Len quoted the findings of an intensive survey conducted by ACCA in 105 countries last March, in which nearly 70 percent of respondents considered it very important for organisations to have a formal programme to develop the best financial talent.

Up to 75 percent of the respondents suggested that talent management was an important component in addressing financial skills shortages prevalent in many organisations.

Navigos Group and ACCA jointly hosted a seminar “Accounting/Finance Talent in 2010” in Hanoi on October 19 to update the most current trend and how best to recruit and develop accounting/finance talent in Vietnam .

The seminar brought together approximately 200 chief executive officers (CEOs), chief finance officers (CFOs), human resources directors and managers from domestic and multinational corporations.

A similar seminar will be held in the southern largest economic hub of Ho Chi Minh City on October 21.

Source: VNA

Source: QDND

Rice prices go up but enterprises commit to meeting domestic demand

In Uncategorized on October 19, 2010 at 8:10 pm

Rice prices go up but enterprises commit to meeting domestic demand

QĐND – Tuesday, October 19, 2010, 22:14 (GMT+7)

The information about the rice price increases in the world market has promptly pushed the domestic prices up. Meanwhile, enterprises have been told to get ready to stabilize the market, in case the “price fever”, the thing that once occurred in 2008, returns.

Sales agents in HCM City have raised the retail prices by 3,000-10,000 dong per kilo for every five-kilo bag. Especially, Thai sticky rice is now selling at over 30,000 dong per kilo, or 8,000 dong per kilo higher than previously. Scented sticky rice is being sold at 60,000 dong per kilo, an increase of 12,000 dong per kilo.

Huynh Cong Thanh, Director of Foocosa Company in HCM City, said that the domestic prices have increased because of the higher input materials. For example, first class rice (5 percent of broken rice), which was traded at 7,000-7,100 dong per kilo, is being sold at 7,450 dong. Meanwhile, it is now the time for Vietnamese exporters to deliver products to importers. Some countries are pushing up rice purchases, including Iraq (60,000 tons) and Cuba (200,000 tons).

Thanh said the demand has increased sharply recently. Previously, the shops of Foocosa chain sold 12-15 tons a day, while they sell 25 tons a day now.

Chair of the Vietnam Food Association Truong Thanh Phong said the world market seems to be stable but the imbalance in supply and demand can be seen in some regions. It is now clear that some countries plan to import rice in big quantities, namely Indonesia, the Philippines, Bangladesh and African countries.

The sharp rice price increases have raised the worry that the “rice fever” which once occurred in 2008, may return. At that time, people, fearing that the rice supply would become short since enterprises boost exports, rushed to purchase rice to store up. As the result, some big cities seriously suffered from the lack of rice, while enterprises could not carry rice from other provinces at once.

“You should learn the lesson from the 2008 rice price fever. Not only the enterprises in Hanoi and HCM City but also the ones in rural areas have to get ready to stabilize the market when troubles occur,” said Phong.

Thanh has reassured the public that Foocosa is still selling normal rice at no more than 8,000 dong per kilo as it has committed, while scented rice price is being at 10,500 dong per kilo. Foocosa still has 5,000 tons of rice in stocks to be provided to the shops in the city. If troubles occur, Foocosa will carry rice from other provinces to HCM City.

Nguyen Thanh Nhan, Deputy General Director of Saigon Co-op, said the prices of food and necessities available at Saigon Co-op chain remain stable. The prices of some products such as canned food, drinks have just increased slightly.

Le Ngoc Dao, Deputy Director of the HCM City Department of Industry and Trade, said the city’s authorities are following a plan to stabilize the market. To date, the prices of the most essential goods remain stable, while the supply remains profuse.

Source: VNN

Source: QDND

HCMC: hi-tech industry popular with investors

In Uncategorized on October 19, 2010 at 8:10 pm

HCMC: hi-tech industry popular with investors

QĐND – Tuesday, October 19, 2010, 22:15 (GMT+7)

Many world leading hi-tech groups such as Intel from the US , Nidec from Japan and German based multi-national Bosch are increasing the scale of their investment in Ho Chi Minh City , an indication of how attractive the hi-tech industry has become to investors.

Intel Vietnam said it would officially inaugurate the first phase of its largest global micro-chip plant, with an investment capital of 1 billion USD, at the Ho Chi Minh City Hi-tech Zone later this month.

The first batch of Intel chips worth 120 million USD is expected to be exported later this year.

Also in October, Bosch Vietnam will have its software research and production centre in Ho Chi Minh City up and running, the company’s second major production facility in the Asia-Pacific region.

According to Bosch Vietnam ’s Managing Director Vo Quang Hue, by the end of this year, the company will have begun the first phase of a 24 million USD auto-parts factory in Long Thanh district, Dong Nai. It also plans to inject an additional 30 million VND to finish the factory by 2015.

Vietnam is now the only Southeast Asian market where Bosch are involved in all three stages, research, production and sales.

Despite operating four projects in HCM City , with a combined investment of nearly 500 million USD, Nidec President Nagomori Shigennobu still says his company will continue with its investment, research and development activities in the HCM City Hi-tech Zone, as well as call on its Japanese partners to invest more in this field.

According to the General Secretary of the Vietnam Electronics Businesses Association Tran Quang Hung, the presence of foreign groups in the hi-tech industry creates opportunities for Vietnamese workers to learn and improve their skills and gradually expand the number of subsidiaries producing components for overseas companies in the next 5-10 years.

Many small and medium sized Vietnamese companies investing in the hi-tech industry could also become partners of foreign groups to manufacture spare parts and help to improve the country’s competitiveness in this sector, he added.

Vietnam has several advantages over other regional countries, such as cheap labour costs and a convenient location for transporting goods to other markets in the Asia-Pacific region, said Hue, adding that in order to develop its hi-tech industry, the country should define itself as a destination for large manufacturers.

Source: VNA

Source: QDND

Storm Megi makes landfall in East Sea

In Uncategorized on October 19, 2010 at 8:10 pm

Storm Megi makes landfall in East Sea

QĐND – Tuesday, October 19, 2010, 22:14 (GMT+7)

Storm Megi made landfall in the Eastern East Sea on October 19 with packing winds near the eye of the storm at 150-183 km per hour.

According to National Hydrometeorological Forecast Centre, the eye of storm was located at 16.5 degrees north latitude and 118.6 degrees east longitude. The storm is forecast to move west with wind speeds of 10-15 km per hour in the next 24 hours and become stronger even over the next few days.

The storm is expected to cause heavy seas with winds speeds reaching more than 180 km per hour at its centre. Fishermen have been advised not to go to sea.

Source: VOV


Source: QDND

Deputies discuss Party’s 12th congress documents

In Uncategorized on October 19, 2010 at 8:09 pm

Deputies discuss Party’s 12th congress documents

QĐND – Tuesday, October 19, 2010, 22:14 (GMT+7)

Deputies to the 12th National Assembly will discuss draft documents to be presented to the Party’s XIth National Congress and hear the Government’s report on Vinashin’s post-debt crisis management at their eighth session due to start on October 20.

At a press briefing in Hanoi on October 18, the Vice Chairman of the National Assembly’s Office Dr. Nguyen Si Dung reported that the 32-day session will consist of 46 plenary meetings, 13 sessions to be televised live, and 16 group meetings.

Although this is the year-end session, the deputies will discuss and approve nine bills and one resolution.

They will hear and debate the Government’s report on the outcomes of the country’s socio-economic performance in 2010 and its socio-economic development plan in 2011.

The deputies will look at the execution of State budget estimates in 2010, budget estimates for 2011 as well as plans on budget allocation for central agencies and budget supplements for localities.

Also at this session, the deputies will discuss the Government’s presentation to summarise the implementation of the pilot programme of no longer organizing the People’s Council at ward, commune and district levels as prescribed in the 12th National Assembly’s resolution.

Source: VOV

Source: QDND

VNPT shortlisted for Broadband Awards

In Uncategorized on October 19, 2010 at 8:09 pm

VNPT shortlisted for Broadband Awards

QĐND – Tuesday, October 19, 2010, 22:14 (GMT+7)

The Vietnam Posts and Telecommunications Group (VNPT) has been short-listed for the ‘Changing Lives’ awards – one of the 10 prizes up for grabs at the Broadband Infovision Awards 2010.

The jury selected VNPT thanks to its initiatives and solutions for developing broadband infrastructures and services in Vietnam during 2009 and 2010.

Holding the largest broadband market share in Vietnam , at 75 percent, the group has narrowed the “digital gap” between urban and rural areas, changing people’s lives by giving them access to the internet and the knowledge-based economy.

VNPT will compete against three rivals – Columbus Networks, Saudi Telecoms and Telstra, for the award.

The Broadband Infovision Award is a world-acclaimed prize which is presented annually by the UK ’s Informa communications group. It attracts major telecoms corporations and operators from all over the world.

53 entrants have been listed for this year’s awards, covering 10 categories including best new service; broadband access network technologies and services; broadband network and services management and operations; content, entertainment, applications and services; broadband home: appliances, devices, home networks and services; enabling silicon and component-level technologies; network innovation; green broadband; broadband innovation of the year and broadband that changes lives.

Within the framework of the Awards, a Broadband World Forum will also be held in France , from October 26-28, with 200 executives from the world’s leading telecoms groups attending.

Source: VNA

Source: QDND

IFRC calls on international friends help Vietnamese flood victims

In Uncategorized on October 19, 2010 at 8:09 pm

IFRC calls on international friends help Vietnamese flood victims

QĐND – Tuesday, October 19, 2010, 22:15 (GMT+7)

The International Federation of Red Cross and Red Crescent Societies (IFRC) on October 19 called on international friends to donate nearly US$1.8 million to help flood victims in the central region of Vietnam.

Red Cross staff and volunteers in Vietnamese provinces have made great efforts to rescue victims and deliver emergency aid to people in the hardest hit areas in Quang Binh and Ha Tinh provinces.

The Spanish Red Cross has joined with other international organisations, including OXFAM, CARE, and PACCOM in Ha Tinh to provide urgent aid in line with local people’s needs.

The Vietnam Red Cross also took part in another delegation in Quang Binh to discover what local people need immediately.

Source: VOV

Source: QDND

PAN conferred with Labour Hero title

In Uncategorized on October 19, 2010 at 8:08 pm

PAN conferred with Labour Hero title

QĐND – Tuesday, October 19, 2010, 22:15 (GMT+7)

PANO – The People’s Army Newspaper organised a solemn ceremony today to receive the title “Labour Hero” on the occasion of celebrating its 60th anniversary of the first publication.

The Chairman of the National Assembly, Nguyen Phu Trong, and General Phung Quang Thanh, Minister of National Defence, attended the ceremony.

The PAN was founded on 20th October 1950 in Thai Nguyen Province as the merger of two other newspapers.

The name of the newspaper was given by President Ho Chi Minh.

During the war against French colonialism, the newspaper published in both Dien Bien Phu and Hanoi.

The Vietnam War saw the maturity of the newspaper as its reporters were sent to the front and gathered updated information about the war.

“The newspaper’s staff  have tried their best to serve the information demands in wars and peace time,” said Major General Le Phuc Nguyen, PAN’s Editor-in-Chief, at the ceremony.

Having conferred the title to the newspaper at the ceremony, NA Chairman, Nguyen Phu Trong, said that the newspaper showed its strengths right from its establishment.

“The newspaper is truly a hero in both wartime and peacetime,” said the Chairman.

The Chairman also hoped that the PAN would promote its strengths to be a leading newspaper in Vietnam.

During its operation, the PAN has been presented with the Ho Chi Minh Medal, the Gold Star Medal and the title of Hero of the Armed Forces.

Ngoc Hung

Source: QDND