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Showing posts with label Vietnam Socio-economic. Show all posts
Showing posts with label Vietnam Socio-economic. Show all posts

Wednesday

Hochiminh City ready for a splendid Christmas

 

Main streets in downtown Saigon have been lit up and decorated with colorful lights and decorations for Christmas which is 2 weeks away.
The weather has turned a little cold, adding more Christmas atmosphere the southern city which has been known for its hot weather.
As in previous years, the most splendid place in the city is the area with many shopping malls in District 1. While the Saigon Center shopping mall has chosen the theme of the fairytale Snow Queen for its decoration, Diamond Plaza impresses people by hanging Santa Claus dolls over its windows.
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Santa Claus dolls hung over Diamond Plaza’s windows.
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A group of students posing at Tax mall.
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A big snowman inside District 7’s Crescent Mall.
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Father and daughter walk along the decoration on Nguyen Van Linh Avenue in District 7.
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Nguyen Hue Street.
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Foreigners excited at the way the city prepares for Christmas.
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Décor at a coffee shop on District 3’s Nam Ky Khoi Nghia Street.
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Merry Christmas and Happy New year
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Not only the downtown area, other districts are also lit up. This photo captures an alley on Nguyen Truong To Street in Tan Phu District.
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Little girls are excited seeing the beautiful decoration.

Source: Tuoi Tre on Mon, December 10, 2012

Tuesday

Banks officially cease gold deposits



Commercial banks have officially stopped mobilizing gold deposits as of Monday, adhering to the State Bank of Vietnam’s ban that took effect Sunday.

On April 29, 2011 the central bank halted gold mobilization at banks, but lifted the ban a year later, ruling that the credit institutions would still be able to accept savings in gold bullion until November 25, 2012.

Banks have thus removed the interest rates for gold deposits from their display boards, Tuoi Tre reporters observed.


Nguyen Huu Dang, CEO of HDBank, said his bank has strictly followed the directive of the central bank, and now only offers gold-keeping services.


The service allows customers to store their gold bullion at banks with fees depending on custody terms.


“We also encourage customers whose gold deposits are due to sell the gold back to us at higher prices than market rates,” he said.


“But the number of customers who have agreed to switch from gold to the dong is very modest,” he admitted.


In another development, many holders on Monday rushed to sell their gold bullion as domestic prices rose in accordance with their global counterparts.


“Most of the sellers are individuals and small investors who have bought the gold at low prices and now want to rake in profits,” said Nguyen Cong Tuong, deputy chief of sales of Saigon Jewelry Co.


“SJC bought some 1,000 taels on Monday,” he added.


The precious metal in Vietnam edged up by VND210,000 a tael compared to last weekend to VND47,35 million a tael.


The global price closed yesterday at $1,748 an ounce, or VND44 million a tael -- some VND3.35 million lower than the domestic price.


The price gap, however, has narrowed as it was as high as VND4 million a tael last week.



Source: Tuoi Tre

Thursday

Hochiminh City holds Spanish Culture Week



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Poster of the movie “Mujeres al borde de un ataque de nervios” which will be screened at the event
Photo: Tuoi Tre

The Spanish Cultural Week is being held in Ho Chi Minh City from November 19 to 25 to mark the 35th anniversary of Vietnam-Spain diplomatic relations.

From November 19 to 23, the event is screening a number of famous Spanish movies including “Mujeres al borde de un ataque de nervios” (Women On The Verge of A Nervous Breakdown), “La Lenguade las mariposas” (Butterfly’s Tounge), “Los lunes al Sol” (Mondays in the Sun), “Muerte de un ciclista” (Death of a Cyclist ), and “El Orfanato” ( The Orphanage) at the Fafilm Cinema at 6 Thai Van Lung Street in District 1.

Under the plan, the culture week will also feature a photo exhibition introducing Spain and its people at 120 Nguyen Thi Minh Khai Street in District 3, from November 21 to 25, as well as a guitar night at 7pm on November 21 at the city’s Opera House with performances from guitarist Hang Nguyen and pianist Ly Giai Hoa.

Source: Tuoi Tre

Tuesday

BBC, CNN could halt service in Vietnam



CNNAs many as 59 foreign TV channels could stop airing in Vietnam, as under a government order, their content must first be edited and translated, while they lack the license to do so.

Only 16 out of the 75 current pay foreign channels in Vietnam have been issued an editing and translation license . The remaining 59 channels, including Star World, Channel V, CNBC, CNN, and BBC, have not been licensed for editing and translation, meaning their transmission could be halted at any time.

Under the 20/2011/QĐ-TTg instruction passed on March 24 last year and signed by the Prime Minister, any subscription-based foreign channel must be issued the required editing and translating license before November 15, 2012 (last Thursday).

This is to “to ensure the [foreign] content is not in contravention of Vietnamese laws on media and on advertisement, except for live coverage of sport events, and live coverage of the opening and closing ceremonies of sporting events at the regional and international levels”.

However, the good news is that the Ministry of Information and Communications has asked Prime Minister Nguyen Tan Dung to extend the deadline. This was confirmed by deputy minister Do Quy Doan at a conference in Ho Chi Minh City last Friday.

The need for the deadline extension arises from the fact that it is almost impossible to edit and translate the news into Vietnamese as it is broadcast live 24 hours a day, as in the case of BBC and CNN.

Many delegates at the conference strongly objected to this regulation, saying news must be up-to-date, and translating it will turn breaking news into old news.

A Vietnamese delegate told the conference that some channels like OPT (Russia) and NHK (Japan) are worried about being requested to halt service. A representative of NHK said that translating and editing all the news is impossible, and even if it could be done, it would cost a huge sum of money.
Nguyen Hanh of Q.net said that even entertainment shows should be broadcast shortly after they take place. “AXN is very fast, for example with The Voice reality show. The speediness helps this channel be popular”.

As for deputy minster Doan, he concluded at the conference that, “our standpoint is to abide by the Prime Minister’s order but we need time to prepare”.

According to official statistics, Vietnam has 4.4 million subscribers of pay TV, which comprises 62 domestic channels and 75 foreign ones.

The foreign channels that have been issued the editing and translating license are mostly recreation and children’s channels: Discovery, Cartoon Network, Animal Planet, HBO, ESPN, Disney channel, Star Sports, Kidsco, Fashion TV, Disney Junior, Star Movies, National Geographic Channel, TV5 Monde Asie, Australia Network, DW, and KBS World.

Meanwhile, the foreign channels that have not been granted such a license include some of the most popular, like Star World, Channel V (music), CNBC (economic news), CNN (news), and the BBC (news).

Under the 20/2011/QĐ-TTg instruction, all foreign pay TV channels must be edited to ensure their content is not in contravention of Vietnamese laws on media and on advertisement, except for live coverage of sport events, and live coverage of the opening and closing ceremonies of sporting events at the regional and international levels.
The translation must be carried out as follows:
a) For movie channels, the channel’s content must be translated 100%
b) For news channels, the channel’s content must be translated or loosely translated 100%
c) For science and education channels, their news programs must be translated 100%
d) For general entertainment, sport, and music channels, their news, reportage, and documentary programs must be translated 100%

Source: Báo Tuổi Trẻ

Wednesday

New rules provide for one-time licensing of pharmacists



The Government issued Decree No 89/2012/ND-CP on October 24, regulating implementation of the Law on Pharmacy. Under the new decree, an individual licensed to practise as a pharmacist may only operate from a single business location.

Under prior regulations, a pharmaceutical practice certificate was valid for five years and had to be renewed thereafter. The new decree provides that the certificate will be issued once and valid nationwide. Holders of outstanding certificates with a validity of five years would be required to apply for the permanent certificate.

The new decree takes effect on December 10.

Re-exported goods exempted from environmental taxes

The Ministry of Finance issued Circular No 159/2012/TT-BTC on September 28, exempting imported materials for processing of goods for re-export from environmental protection taxes. The new circular, amending Circular No 152/2011/TT-BTC of November 2011 and guiding provisions under Government Decree No 67/2011/ND-CP of August 2011, takes effect tomorrow. — BIZCONSULT

Source: VNA

Tuesday

Finland to include Da Nang in innovation programme



DA NANG — The central city will be included as a partner in the second phase of the Innovation Partnership Programme (IPP) in Viet Nam between 2012-16, the Finish ambassador to Viet Nam, Kimmo Lahdevirta, told the city's administration.

IPP, which is an Official Development Assistance (ODA) programme financed by the governments of Viet Nam and Finland, aims to strengthen Viet Nam's National Innovation System (NIS).

The first phase of the programme was launched in 2009 in the eight cities and provinces of Ha Noi, Hai Phong, Da Nang, Thua Thien-Hue, HCM City, Can Tho, Lam Dong and An Giang.

The ambassador also said many hi-tech businesses from Finland have been seeking investment opportunities in Viet Nam, and Da Nang was seen as a potential location for investment. 

Source: VNS

Sunday

2012’s inflation be managed at 8 pct: cabinet meeting



All-out efforts need to be exerted to keep inflation rate at 8 percent for the whole 2012, Prime Minister Nguyen Tan Dung said.

He was speaking at the Cabinet’s monthly regular meeting in Hanoi on October 28 to review the country’s socio-economic performance in October and the past ten months.

Prime Minister Dung and his cabinet members agreed that the socio-economic situation in October and in the first ten months of the year continues to see positive changes and be on the right track to achieve the set targets.

Measures to rein in inflation and stabilise the macro economy continue to prove efficient, they said.

The consumer price index in October increased by 0.85 percent against September, up 6.02 percent compared to December last year and 7 percent over the same period last year, much lower than the growth rates of previous months.

Meanwhile, industrial production rose 5.8 percent and export was up 4.4 percent compared to September.

However, the cabinet members noted that the country’s socio-economic situation still faces difficulties and challenges with the macro economy not being really stable.
They suggested further, proactive deployment of measures to manage inflation, make the macro economy grow in a stable way and remove difficulties for enterprises, as well as ensure social security, sustainably reduce poverty and reinforce the corruption fight.

Concluding the meeting, PM Dung asked ministries, branches and agencies to keep a close watch on the situation and try their best to fulfill the set socio-economic targets for 2012, thus creating a firm premise for 2013 and the coming years.


The targets of curbing inflation and stablising the macro economy need to be implemented drastically and synchronously, he emphasised.

“The State Bank of Vietnam is determined to restructure its banking system and will be open and transparent in doing the work. Besides, it will continue taking measures to deal with bad debts effectively in a drastic and strict way, together with completing a master plan on bad debt settlement as soon as possible,” PM Dung said.


He asserted that the State Bank will keep a close eye on the gold market and implement related policies in a clear and transparent manner.
 

He instructed the ministries, sectors and localities to speed up capital disbursement for projects using State budget, Government’s bonds and investment from national target programmes.


The ministries and sectors continue solving difficulties and creating all possible favourable conditions to spur production and business, especially in the fields that the country has advantages like agriculture, tourism and services, the PM elaborated.

Along with that, attention needs to continue for ensuring social welfare and combating corruption, he added.-VNA

Source: Vietnamplus