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Hanoi and Thua Thien-Hue boost tourism

In Uncategorized on January 12, 2011 at 7:10 am

Hanoi and Thua Thien-Hue boost tourism

QĐND – Tuesday, January 11, 2011, 21:36 (GMT+7)

Hanoi and Thua Thien-Hue Departments of Culture, Sports and Tourism signed an agreement on boosting tourism cooperation yesterday.

Under the agreement, between 2011 and 2012, the two cities will focus on popularisation, promotion and exploitation of UNESCO-recognised heritages in Hanoi and Thua Thien-Hue, including the Ancient Capital of Hue, 82 Doctoral Steles in the Temple of Literature, the central site of Thang Long Royal Citadel, the Giong Festival, ceremonial songs, Hue Royal Court Music.

Besides, Hanoi and Thua Thien-Hue Province will jointly organise road-shows, Festival Hue 2012 and the National Tourism Year 2012 in Thua Thien-Hue.

The same day, Thua Thien-Hue Provincial Department of Culture-Sports and Tourism held a road-show in Hanoi to introduce 13 big cultural, sports and tourism events to be launched in 2011 in the Province, namely Huyen Tran Temple Culture and Tourism Festival, Vietnam-Japan Food Culture Festival and Trans-Asia Road Tourism Festival, Vietnamese Food in Hue Garden and Lang Co-Legend of the Sea.

Notably, Thua Thien-Hue Provincial Department will enhance the building and improvement of tourist sites to attract more tourists.

Translated by Mai Huong

Source: QDND

North Korea may have new atom test to boost heir: South

In Uncategorized on December 24, 2010 at 6:26 am

 North Korea could conduct a third atomic test next year to boost the credentials of its leader-in-waiting, while prospects for bilateral talks with Seoul are slim, a South Korean foreign ministry report said on Friday.

The regular report from a ministry research institute was published a day after Pyongyang vowed a nuclear “sacred war” after the South vowed to be “merciless” if attacked, and held a major military drill near the border.

A North Korean Scud-B missile (C) and South Korean Hawk surface-to-air missiles are seen at the Korean War Memorial Museum in Seoul, December 24, 2010.

The North, which carried out nuclear tests in 2006 and 2009, has yet to show it has a deliverable weapon as part of its plutonium arms program, but a third test would raise tensions further on the divided peninsula and rattle global markets.

Nuclear experts have also said they expect a third test soon, while South Korean media reported earlier this month that the North was digging a tunnel in preparation for one.

“There is a possibility of North Korea carrying out its third nuclear test to seek improvement in its nuclear weapons production capability, keep the military tension high and promote Kim Jong-un’s status as the next leader,” the report said, referring to Kim Jong-il’s youngest son.

“Tension between the two Koreas will remain high with chances of additional North Korean attacks on the South staying high. Chances of a summit meeting between leaders of the two sides look slim,” the institute said, according to a summary of the report.

The analysis for 2011 was written by the Institute of Foreign Affairs and National Security, run by the Foreign Ministry.


Hostilities have escalated to their worst levels since the Korean war in the early 1950s, after a deadly naval clash in March and the North’s shelling of a South Korean island last month.

Still, the risk of an all-out war is low, and the North’s threats of destruction are largely rhetorical.

The North’s tactic of boasting about nuclear advances is a ploy aimed at restarting talks between itself, the South, China, Japan, Russia and the United States, from which it hopes to wring concessions, analysts say.

“Some form of meeting between six-party members could be held during 2011 to discuss North Korea’s uranium enrichment, but chances are very low for any meaningful progress being achieved,” the institute said.

Those involved in the six-party process say they want to resume it, but among them are widely differing starting points.

China, the North’s only major ally and vital financial backer, sees the forum as the best place to begin dialogue, but Seoul, Washington and Tokyo say they first need proof that Pyongyang is committed to dismantling its nuclear work.

“North Korea has displayed national strength and diplomatic skills that exceed its actual capacity. Kim Jong’s mental strength must be exhausted, and it is about time that China loses its patience,” Seoul’s Joongang Daily said in a commentary.

“The time has come for Seoul to strategically manipulate the North Korea-China alliance to encourage estrangement.”

Source: SGGP

New treatments set to boost capital market’s liquidity, officials say

In Uncategorized on December 16, 2010 at 10:09 am

Many regulations will be released to boost Vietnam’s bond market, which has a healthy growth rate and a low liquidity, officials said.

A woman watches share prices updated on a computer screen at a HCMC-based brokerage (Photo:Minh Tri)

Deputy financial minister Tran Xuan Ha said it was necessary to set up tax exemptions for bond trading and focus on boosting the market’s liquidity. The Ministry of Finance released regulations on issuing bonds with large amounts and buying back bonds to increase the debts’ liquidity.

The ministry also speeded up the equitization and submitted plans on gradual sales of the state-owned shares to the government.

Statistics shows that bonds worth VND100 trillion (US$5 billion), mainly treasury bonds, were issued this year. However, only commercial banks were the buyers. Economists said the bond market’s liquidity was very low in the last 10 years.

The Asian Development Bank said in its recent report that Vietnam’s corporation bond market grew fastest among other countries in the region in the third quarter of 2010.

Corporation bond’s growth rate this year rose 51.9 percent year-on-year, almost double of the government bond’s 25.5 percent. However, in the third quarter of the year, corporation bond’s issue value fell 68 percent year-on-year, while government bond’s issue value dropped 43.6 percent year-on-year.

Despite its fast growth rate, Vietnam’s bond market with $15 billion in unpaid bonds at the end of September remains small compared with other countries in the region. Of the amount, government bonds are worth $14 billion.

Recovering stock market
Both stock markets in Hanoi and Ho Chi Minh City roared back last week as the investor confidence was restored. The daily trading volume at the two bourse reached an average amount of more than VND2 trillion ($100 million).

Analysts said the increasing trading volume showed investors pumped more money into market. Some brokers warned the stock market was overheated as many shares rose by the daily trading band of 5 percent for many days.

The Hanoi-based brokerage FPT expected the market would make corrections, as investors would take profits from the current winning streak.

However, financial experts said the market is often bullish at yearend. Foreign investors continued to be sellers recently, but they dumped penny shares only to restructure their portfolio, experts noticed.

Source: SGGP

Tourism Year 2011 to to boost tourism in south central region

In Uncategorized on December 16, 2010 at 9:51 am

The National Tourism Year 2011 program will focus on boosting the tourist industry and to encourage more protection of our beautiful beaches in the south central region, said a tourist official on Sunday.

The organizing board met in Tuy Hoa City, central province of Phu Yen and this was to introduce more than 30 cultural, sport and tourism events, which are scheduled to take place in the south-central coastal region next year.

Logo of the National Tourism Year 2011

The South-central coastal region includes Quang Nam, Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan and Binh Thuan provinces and Da Nang City,
The press conference was attended by representatives from cities and provinces from all over the south-central coastal region and more than 30 press agencies.

Under the theme of “Visit Vietnam Year – Phu Yen 2011: Exotic Beach and Island”, major events of the National Tourism Year 2011 will include the international mountaineering tournament at Da Bia mount, the Vietnam-South Korea cultural exchange, the sea and island month and the ASEAN traditional music festival.

The opening ceremony of the National Tourism Year is scheduled to take place in Tuy Hoa City on April 1, 2011 to mark the 400th anniversary of the province’s establishment.

In preparation for the National Tourism Year 2011, Phu Yen Province has organized a series of cultural, sport and tourism events, aimed to popularize the National Tourism Year 2011 and to introduce the province’s exotic land to as many people as possible.

The province has built tourism facilities and has upgraded many projects and various infrastructures. With capital investment of over VND230 billion (US$11.5 million), the province’s tourism sector has launched training courses for tourism staff to improve the quality of tourist products and services.

As schedule, from December 3-10, a tourism research team has been studying famous tourist spots from Khanh Hoa Province to Da Nang Province.

Since the beginning of this year, the southern central coastal province of Phu Yen has welcomed more than 312,500 visitors, including 12,000 international tourists, an increase of 20% as compared to the same period last year.

According to the province’s Department of Culture, Sports, and Tourism, due to the increased number of tourists, the provincial tourism sector has earned 249.5 billion VND, an increase of 1.7 times compared to last year’s figure, and 50% of local hotel rooms were now occupied.

Source: SGGP

Giving a boost to rural economic development

In Uncategorized on December 16, 2010 at 9:33 am

Giving a boost to rural economic development

QĐND – Saturday, December 11, 2010, 21:8 (GMT+7)

The development of the rural economy is still far from matching its potential. To stimulate their growth, Vietnam needs new practical solutions.

With more than 70 percent of the population living in rural areas, developing the rural economy is considered vital for the country. In recent years, the Party and State have issued many policies to improve the rural economy. The resolution No. 26-NQ/TW on agriculture, farmers and rural areas, enforced 2 years ago, has remarkably changed the structure of economy and labour force providing the basis for building a new model for rural areas.

Despite comprehensive promulgation of the policies, especially those related to bank credit, the imperfect implementation still limits the development of rural economy.

According to Nguyen Phong Quang, a member of the Party Centre Committee and Deputy Head of the Southwestern Steering Committee, it is crucial to have a plan for the rural economic development because it is the fundamental for the region’s sustainable development.

Over the past years, Vietnam has become a large exporter of rice, coffee and aquatic products. However, the farmers still face many problems and remain the poorest group of the society.

The average income of the urban residents remains two times higher than those of rural dwellers. The poverty rate in the countryside is 18.1 percent while it is only 3.1 percent in the urban areas.

Recent surveys show that farmers now want to change their occupations because it brings very low income. How to create jobs for young people in the rural areas is also a thorny issue.

There are several reasons for the problem. Firstly, the amount of agricultural land has been reduced sharply. The country now has 70 million ha of agricultural land but only 4 million ha is used for rice cultivation.

The Ministry of Agriculture and Rural Development (MARD) estimated that every year, about 73,300ha of agricultural land is taken back affecting nearly 2.5 million people. Over the past five years, the amount of agricultural land taken back reached more than 154,000, which means that the land used for rice cultivation has reduced by 7.6 percent.

Meanwhile, the policies for agricultural land have numerous problems and are outdated. MARD Deputy Minister Diep Kinh Tan said that besides these issues, the policies for agriculture development need to focus on transferring new knowledge and technology to farmers. They should also concentrate on how to use the state budget more efficiently to upgrade infrastructure in the rural areas.

At the last conference on comprehensive implementation of solutions to boost rural economy, the organisations and provinces across the country agreed that the ministries, departments, businesses and credit institutions should all engage in carrying out the already enforced policies. They should also join hands to work out new methods to help transform these policies into the reality.

The Minister of Industry and Trade, Vu Huy Hoang, said that the government needs to reorganise the production to meet the current conditions of the rural areas. It should also provide farmers with information on the markets and consumption.

Nguyen Van Giau, Governor of the State Bank of Vietnam, stressed that the conference provides a forum to tackle the problems of rural development.

Conference attendants also discussed ways to increase farmers’ access to banks credit and strengthen the linkage between farmers, scientists, entrepreneurs and bankers. They also debated on the role of the Vietnam Farmers’ Union. Many administrative agencies and economic institutes proposed to expand the outlet and export of agriculture products, minimise risks in production, encourage the farmers to apply new technologies and provide them with training courses.

Also at the conference, the banks, the unions and associations signed 7 cooperation agreements to develop rural economy.

Source: VOV

Source: QDND

After Fed boost, global woes hit Wall Street

In Uncategorized on November 13, 2010 at 8:53 am

Vietnam, Japan boost tourism cooperation

In Uncategorized on November 11, 2010 at 1:56 pm

Monetary measures boost shares

In Uncategorized on November 9, 2010 at 3:23 am

New US consul general to boost trade, investment

In Uncategorized on November 6, 2010 at 1:50 am

Vietnam, France boost ties at various levels

In Uncategorized on November 5, 2010 at 3:55 pm