Traffic congestion costs Hanoi USD1.2bn a year

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Hanoi is losing USD1-1.2bn a year due to traffic congestion according to the Transport And Development Strategy Institute under the Ministry of Transport.

The figure was announced by Pham Hoai Chung, director of the Transport And Development Strategy Institute, at a conference about reducing congestion and air pollution held in Hanoi on October 24. The city lost over 1 million working hours to congestion a year.

He then raised warnings over public health because of worsening air pollution problem.

Uneven population density is one of the main cause as most people want to work and live in the city’s centre. The rising number of private vehicles and slow development of local infrastructure has also been blamed. Hanoi has about 5.5 million motorbikes and nearly 500,000 cars. From 2010 to 2017, motorbike numbers grew 10%, while cars increased 8%, compared to an 0.39% increase in road surface.

Lieutenant Colonel Nguyen Manh Hung, deputy head of the Road and Railway Traffic Police under the Hanoi Police, also said that local infrastructure was too weak as traffic at some roads exceeded capacity six to seven times.

In Vietnam, land for traffic remained at around 6-7% of the total urban area, much lower than the required 16-26% under the Law on Road Traffic or the 20-25% at developed countries. Hung said that too many apartment buildings and increasing numbers of private vehicles were putting pressure on the infrastructure and causing congestion.

Ngo Manh Tuan, deputy director of Hanoi Department of Transport, said they had built a plan to improve the infrastructure during 2010-2020 period. The city is completing the ring roads 1, 2 and 3 as well and expanding roads to the city’s centre. The department was asked to build a plan with a view to 2030 to significantly ease congestion in the capital.

The city has tightened management over public and private vehicles in 2017 and 2018 and will carry out the motorbike ban by 2030.

Quang Phong report on Dtinews

Saigon restaurant managers arrested for pimping

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The Saigon police carried out a raid of a downtown restaurant Wednesday night, and allegedly caught waitresses in compromising positions with customers.
Dozens of officers blocked off both ends of a section of Tran Quang Khai Street in District 1, a 15-minute drive from Ben Thanh Market, before raiding Thanh Vinh Restaurant.

In so-called VIP rooms, dozens of waitresses in skimpy clothing were found flirting with drunken male customers, they said.

The police said the restaurant has committed many violations like offering sex services.

Another group of officers raided a nearby hotel and caught two women having sex with guests. The women confessed they were waitresses at the restaurant and sent to the hotel to have sex with drunk customers for VND2 million ($86).

Three restaurant managers were arrested for brokering sex services for which they received a VND1 million ($43) bonus each time they had a client.

The raid was part of an ongoing campaign to crack down on dubious and often illegal activities by restaurants and bars, particularly in the tourist area.

Official data estimates there are 3,000 sex workers in Saigon. A study by the International Labor Organization suggested that sex workers are among the most vulnerable in Vietnam as they have to deal with regular police raids, risks of sexually transmitted diseases, and persistent fear of theft and violence.

Sex workers and their customers are not considered criminals under Vietnam laws, but those brokering the service can face jail terms.

Quoc Thang report on Vnexpress

Bamboo straw introduced to reduce single-use plastic

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A local craftsman from central Việt Nam is trying to replace single-use plastic straws with reusable bamboo alternatives at hotels, resorts and restaurants in Hội An, Đà Nẵng, Nha Trang and Phú Quốc.

Võ Tấn Tân said the project started early this year to raise a campaign to say no to plastic straws and single-use plastic cups in Hội An.

He said bamboo straws were the latest environmentally friendly product being made at his workshop in Cẩm Thanh Commune – an eco-tour site – that boasts 40ha of nipa palm forest.

Tân said he also offered a tour that to teach guests about traditional crafts made from bamboo and a kayaking tour to clean up the river.

The craftsman said his workshop could produce 20,000 bamboo straws each month without the use of chemicals.

Cẩm Thanh Cmmune – 5km from Hội An – offers bicycle tours and trips in coracle boats through the nipa palm forest. Earlier this year, the International Union for Conservation of Nature (IUCN) launched a communication campaign to promote the non-use of plastic bags as a prelude to its sea turtle conservation programme on Lý Sơn Island in Quảng Ngãi Province and Chàm Island in Hội An.

The programme, entitled Down 1 bottle, Save the Future, aims to encourage hotel owners and tour operators to provide free drinking water for tourists visiting the Lý Sơn Islands following an initiative, Refill, Not Landfill.

Source: VNS

Vietnam drinks its way to being Asia’s third-biggest alcohol consumer: study

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Vietnam’s alcoholic beverage market is becoming a battleground for several foreign beer producers looking to carve out a foothold in Asia’s third-largest alcohol consuming country.

Vietnamese men are among the top alcohol consumers in the world, according to the 2016 Global Burden of Disease Study, a survey on the consumption of alcoholic beverages in 195 countries and territories taken between 1996 and 2006 and recently published in the UK’s Lancet medical journal.

According to the study, Vietnamese men down more than five standard glasses of alcohol per day, defining a “standard drink” as one containing ten grams of alcohol.

Globally, only Portugal and countries on the Balkan Peninsula matched Vietnam’s seemingly unquenchable thirst.

The report also noted that the proportion of people consuming alcoholic beverages in Vietnam is moderate for men, with 40-60 percent indulging, while less than 20 percent of women consume alcoholic drinks.

Vietnam’s global ranking in beer and alcohol consumption has also increased at an extremely rapid pace.

According to the World Health Organization, Vietnam was the world’s 94th largest beer consumer in 2010. Just six years later, in 2016, it jumped 30 spots to 64th place, making it the third-largest in Asia.

On average, each Vietnamese aged 15 and over consumes 8.3 liters of alcohol per year.

The hike in alcohol consumption also is the drive for Vietnam’s production of alcoholic beverages to continue its rapid growth.

Drive for production

In 2017, Vietnam’s beer production output topped four billion liters, up 10.4 percent from 2016.

This figure means that each Vietnamese consumed 45 liters of beer that year, 1.5 times higher than 2014.

The amount also implies that Vietnam’s alcohol consumption is somewhat beyond prediction as the Southeast Asian country hit the target that its beer industry set out for 2020 four years earlier than scheduled.

As for alcohol, Vietnam consumed 188 million liters in 2016.

The cost of alcohol consumption in Vietnam is about US$3.4 billion a year and makes up roughly three percent of the government’s budget.

According to the Ministry of Industry and Trade, production and revenues in the liquor industry during the first nine months of 2018 achieved 8.8 percent growth compared to the same period in 2017.

Beer production rose 7.1 percent compared to the same period of 2017. Overall 2018 growth is forecast at six percent.

Among that, Vietnam’s biggest beer brewers, Sabeco and Habeco, contributed 1.77 billion liters and 657.6 million liters, respectively.

The remaining quantity is shared by foreign enterprises and small and medium Vietnamese enterprises.

Currently, Vietnam’s beer market has attracted the presence of most of the world’s major beer companies including Carlsberg, Heineken, Masan Brewery, Sapporo, and AB InBev.

According to Nguyen Van Viet, chairman of the Vietnam Beer Alcohol Beverage Association (VBA), domestic brewers have faced tough competition from foreign entrants in 2018.

Vietnam’s beer industry has set a target of producing 4.1 billion liters of beer per year for the next four years and 5.6 billion liters per year by 2035, meaning output is expected to increase by half over the next two decades.

Bao Anh report on Tuoitrenews

Vietnam’s VinFast in deal with PV Oil for electric car charging stations

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VinFast on Thursday signed a memorandum of understanding with PetroVietnam Oil Corp. to build charging stations for its electric cars and scooters.
The company, a unit of Vietnam’s largest conglomerate Vingroup JSC, is building a $3.5-billion scooter and automobile complex in northern Vietnam, with its first production electric scooters slated to hit the streets late this year.

Thursday’s agreement will pave the way for VinFast to deploy charging stations at 20,000 of PV Oil’s existing service stations in Vietnam by 2020, VinGroup said in a statement.

This is part of VinFast’s plan to launch between 30,000 and 50,000 charging stations nationwide by 2020, it said.

VinFast customers will be able to charge their vehicles or change their batteries at these stations, it added.

VinFast Chief Executive Officer Jim Deluca told Reuters in an interview earlier this month that the firm would produce 250,000 electric scooters a year alongside 250,000 cars, in an ambitious production target that is set to eventually increase to 1 million units each a year.

The company has started on the development of a battery electric vehicle with Germany’s EDAG Engineering.

Vingroup, which has a market value of about $13.2 billion, also has businesses in property, hospitality, entertainment, retail, healthcare, education, agriculture and smart phone production.

($1 = 23,350 dong)

Source: Reuters

October 25: VN-Index down 1.36%

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All indexes close in negative territory.

Vietnam’s stock market had a poor October 25 as global and regional markets also stumbled.

On HSX, the VN-Index closed at 910.17 points, down 12.56 points (1.36 per cent), while the VN30-Index closed at 888.86 points, down 7.64 points (0.85 per cent).

On HNX, the HNX-Index finished at 103.10 points, down 0.63 points (0.61 per cent), the HNX30-Index 186.2 points, down 0.6 points (0.32 per cent), and the UPCoM-Index 51.29 points, down 0.22 points (0.43 per cent).

Liquidity on HSX was VND3.6 trillion ($154.3 million) and on HNX was VND477 billion ($20.4 million).

Food and beverage stocks to gain ground included MSN, by 3.3 per cent, as BID lost 4.3 per cent, VCI 4.2 per cent, and VPB 2.5 per cent. SAB closed at its opening price.

The only gainer in banking was MSN, by 3.3 per cent, as BID lost 4.3 per cent, VCI 4.2 per cent, VPB 2.5 per cent, TCB 1.5 per cent, VCB 1.3 per cent, SSI 1.1 per cent, CTG 0.9 per cent, STB and EIB 0.4 per cent, MBB 0.2 per cent, and BVH 0.1 per cent.

In energy, NT2 gained 3 per cent, PLX 2.7 per cent, and PVT 0.3 per cent, as PPC lost 1.7 per cent and PVD 0.9 per cent. PGD and GAS closed at their opening price.

The Top 5 shares bought by foreign investors were SSI, CTI, VCB, VRE and NT2.

MSN was the largest net sold share on HSX, followed by HPG, VNM, SVI and NVL.

VNC was the largest net sold share on HNX, followed by TV3, TNG, HUT and PLC.

On UPCoM, foreign investors bought 1,476,600 shares worth VND38.4 billion ($1.6 million).

They net sold on HSX by VND161.86 billion ($6.9 million) and net bought on HNX by VND13.4 billion ($574,970).

Vneconomictimes

Photo contest to promote Ba Ria – Vung Tau kick-off

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Both locals and expats are welcomed to join the photo contest Beauty of Ba Ria – Vung Tau (“Vẻ Đẹp Của Du Lịch Bà Rịa – Vũng Tàu) about Ba Ria – Vung Tau Province and its people.

The contest organized by Department of Tourism, in co-operation with its partners, the event aims to promote the area’s tourism. VNS reported.

Images of tourist sites, historic architecture, and traditional culture and lifestyle are encouraged.

The organizers hope the contest will discover new talents and introduce local people and their lifestyles

Submissions should be original works taken after December 2016. They should not have been submitted in previous competitions or exhibited publicly.

The works should be in black-and-white or color, and processed without editing.

Organizers said a high priority would be given to entries focusing on creative and unique views and presentations.

Entries may be submitted as a single photograph, a set of photos, or as a photo essay of no more than 10 items, including captions.

Participants should send their work before November 11 to the organizing board’s website http://thianhnetdepdulichbrvt2018.com or cuocthianhbrvt2018@gmail.com.

Organizers will award six top prizes and six consolation prizes worth VNĐ68 million (US$3,500) in December.

The best photos will be published in newspapers and exhibited in public places in the province.

US or China isn’t going to be the winner of trade war

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Vietnam’s furniture industry may gain from the US-China trade war.

The US-China trade war rages on. Barring progress in negotiations, 10% tariffs that the US imposed on $200 billion in Chinese goods will increase to 25% as of Jan. 1, 2019.

According to a report by Dan Kopf on QZ.com, while it seems possible, and perhaps likely, that increased trade restrictions will hurt the average person in the US and China, that’s not the case for every nation. If China isn’t exporting as much stuff to the US, there is an opportunity for other countries to fill the void.

There’s a Chinese proverb for this scenario: When the snipe and clam quarrel, it is the fisherman who profits. In this case, the fisherman may well be Vietnam or the Philippines.

In a recent analysis, World Bank economist Massimiliano Calì found that if all planned tariffs go into effect, US imports from China will fall by nearly $70 billion. This would amount to 14% of all US imports from China. Many of those imports are electronics, machinery, furniture, and vehicles.

In his analysis, which was published by the The Center for Economic and Policy Research, Calì explores which countries might be able to replace those imports. He did this by looking into the Chinese products subject to higher tariffs that other countries in East Asia also produce at a large scale (the analysis focuses on East Asia because countries in this region have the most similar export profile to China). For example, Calì estimates that the value of exported chairs from China to the US will fall by over $400 million. Since Vietnam already exports hundreds of millions of dollars in upholstered chairs to the US, the country is well placed to step in.

After finding the products that each country might be able to replace, Calì then summed the total decrease in Chinese exports to the US in these products, and then divided it by that country’s GDP. The biggest possible winner by this analysis would be Vietnam. He found that if Vietnam was able to replace all of the exports in the products they already produce, it would be equal to 4.4% of the country’s GDP. Other countries that could be winners are the Philippines (4.1%) and Cambodia (3.6%).

Calì points out that this is the absolute most a country might benefit from replacement, so the likely gains are much smaller. Still, he think this is good representation of the potential gains for each of these countries.

The analysis also points out that other East Asian countries risk being collateral damage in the trade war. Taiwan and Malaysia both export a large amount of goods to China that are used in manufacturing the products that are exported in the US. Calì estimates that the trade war could decrease Taiwan’s GDP by over 0.2%. When the snipe and clam quarrel, sometimes the fisherman also gets caught in the crossfire.

Bombs sent to Clintons, Obamas, Holder and CNN – ‘Act of terror’

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Authorities have intercepted bombs intended for former President Barack Obama and Hillary Clinton, and several other top political figures were targeted in what authorities are investigating as a connected series of incidents.

Also, CNN’s New York bureau in the Time Warner Center was evacuated after a package containing a bomb, addressed to former CIA Director John Brennan, was discovered, city and local law enforcement officials said.

In addition, sources told CNN that a suspicious package intended for California Democratic Rep. Maxine Waters was intercepted at a congressional mail screening facility in Maryland; New York Gov. Andrew Cuomo received what he said was a device at his Manhattan office; and the San Diego Union-Tribune evacuated its building after “suspicious looking packages” were spotted outside.

Later Wednesday night, two law enforcement sources told CNN that law enforcement officials are trying to track down a package addressed to former Vice President Joe Biden now considered suspicious because of similarities to other packages. The package was misaddressed and returned to sender.

The developments, which unfolded rapidly and continued steadily into the afternoon, touched off fear and confusion and immediately invited questions about the motives of those responsible. The recipients of the packages are all prominent targets of right-wing criticism and, in many cases, of President Donald Trump himself.

“This clearly is an act of terror attempting to undermine our free press and leaders of this country through acts of violence,” New York Mayor Bill de Blasio said at an afternoon news conference.

CNN, citing a law enforcement official, was initially told a suspicious package containing a pipe bomb that was addressed to the White House was intercepted at Joint Base Bolling in Washington, DC. The Secret Service, however, later said it had only intercepted the two packages intended for Obama and Clinton and called reports of a package headed for the White House “incorrect.”

Trump says ‘no resources’ will be spared

Trump: No place for political violence in US 02:06

Trump vowed Wednesday afternoon that “the full weight of our government is being deployed to conduct this investigation.”

“We will spare no resources or expense in this effort,” Trump said at the top of his remarks at a White House opioid bill signing event. He said he had just concluded a briefing with the FBI, Department of Justice, Homeland Security Department and Secret Service.

Package intercepted at Capitol Hill sorting facility was addressed to Maxine Waters
The President — who has recently taken to calling his political opponents “evil” — called for unity in his remarks and said “we have to come together and send one very clear, strong, unmistakable message that threats or acts of political violence have no place in the United States of America.”
“This egregious conduct is abhorrent to everything we hold dear and sacred as Americans,” Trump said, adding, “We are extremely angry, upset, unhappy about what we witnessed this morning, and we will get to the bottom of it.”

His remarks were greeted with a standing ovation in the room.

Devices appear to be similarly constructed

de Blasio: This was clearly an act of terror 01:17

Bryan Paamann, an FBI special agent in charge of the counterterrorism division in New York, said the devices appeared to be pipe bombs. A law enforcement official told CNN that the initial examination of all of the devices shows them to be constructed similarly. At least one of the devices appeared to contain projectiles, including shards of glass. The devices are rudimentary but functional.

Trump, Pence and other GOP leaders condemn suspicious devices sent to Hillary Clinton, Obama, CNN

A law enforcement source said the device found in the Time Warner Center’s mailroom is similar to the ones addressed to Obama, Clinton and billionaire investor and major Democratic donor George Soros, which was discovered earlier this week. The package to Brennan was delivered by courier, law enforcement sources said.
Neither Obama nor Clinton received the packages sent to them or were at risk of receiving them, the Secret Service said. They were discovered during “routine mail screening procedures as potential explosive devices and were appropriately handled as such,” the agency said in a statement.

The package intended for Obama was intercepted in Washington, DC, and the one intended for Clinton was addressed to her in Chappaqua residence in Westchester County, New York, on Tuesday, authorities said.

Speaking in Florida early Wednesday afternoon to campaign for Democrat Donna Shalala’s congressional bid, Clinton said she and her husband, former President Bill Clinton, were “fine” and praised the response by the Secret Service.

A suspicious package sent to the Florida office of Democratic Rep. Debbie Wasserman Schultz was intended for former Attorney General Eric Holder but had the wrong address, two law enforcement sources said. It was returned to the Democratic congresswoman because that was the return label on the package, the sources said, adding that it was the same return address for the packages sent to Obama and Clinton.

On the package sent to Biden and returned to sender, it was not clear if the return address was Wasserman Schultz’s or another address. Authorities are trying to locate it, the officials told CNN.

Packages sent to Soros, Clinton, CNN, Obama, Holder and Waters were all sent with Wasserman Schultz’s office as the return address in manila envelopes with bubble wrap interior, the FBI said in a statement Wednesday. Each package had six Forever stamps on the envelope as well.

The bombs show the presence of a sulfur substance, which could have exploded. The devices were pipe bombs and are inherently unstable, and could have been set off just by handling.

There is no information that suggests Wasserman Schultz sent the packages. The bomb squad was investigating the package discovered at Wasserman Schultz’s office, a local police spokesman said. It was not immediately clear if the package contains a device similar to the others detected around the country.

The Soros package was believed to have been placed in a mailbox rather than mailed, a separate law enforcement source said.

Cops used a big white sphere to move an apparent bomb from CNN’s office building in New York

The package addressed to Waters had similarities to the other suspicious packages, according to two law enforcement sources. One source said that belief was based on the timing, packaging and devices inside the packages, though it was not clear if it was capable of exploding.

Later on Wednesday, a spokesperson for the Bureau of Alcohol, Tobacco and Explosives, Ginger Colbrun, said a second package addressed to Waters had been found at a postal facility in south central Los Angeles. Colbrun told CNN the package matches the description of those sent to CNN and Democratic political figures. The Los Angeles Police Department said the postal facility was evacuated while an investigation takes place.

FBI Director Christopher Wray said in a statement the investigation is the “highest priority for the FBI.”

“We have committed the full strength of the FBI’s resources and, together with our partners on our Joint Terrorism Task Forces, we will continue to work to identify and arrest whoever is responsible for sending these packages,” Wray said. “We ask anyone who may have information to contact the FBI. Do not hesitate to call; no piece of information is too small to help us in this investigation.”

The FBI said it’s possible additional packages were mailed to other locations and advised the public remain vigilant.

The FBI’s counterterrorism investigators are leading the investigation and are handling as a domestic terror matter.

The San Diego office of Sen. Kamala Harris, D-California, was also evacuated after “suspicious packages” were found near the building, but they were not addressed to the senator or her office, a spokeswoman tweeted.

New York device investigated

CNN anchors report outside after evacuation 01:17

The device sent to the Time Warner Center was a “live explosive device,” NYPD Commissioner James O’Neill said at an afternoon news conference, adding that police were also investigating an envelope containing white powder that was found as part of the “original packaging” of the device.

The package was removed from the building late Wednesday morning and was sent to an NYPD facility in the Bronx, a law enforcement official said.

At the news conference, Cuomo disclosed that a device was sent to his Manhattan office and that it was being handled. An NYPD official later told CNN that the device was simply an informational package containing literature.”There’s a number of devices and there’s a pattern apparently with them,” he said.

The NYPD increased patrols at media locations in the city and other potential areas, a spokesman for the department said. Officials from the ATF and Explosives are at the sites of the multiple packages and were at Soros’ Bedford, New York, home on Tuesday, a spokeswoman said. The FBI also is involved in the investigation, the bureau said.

CNN’s Pamela Brown, Sarah Westwood, Josh Campbell, Jessica Schneider, Brynn Gingras, Mary Anne Fox, David Shortell, Brian Stelter, Eli Watkins, Mary Kay Mallonee, Sonia Moghe, Elizabeth Landers and Dan Merica contributed to this report.

Read full report on CNN here

The 6 Must-visit Art Galleries in Ho Chi Minh City, Vietnam

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Saigon’s art scene has rapidly evolved from a commercial art hub to an eclectic community of talented and unique contemporary artists. Galleries are crucial to promoting local artists and are often responsible for organizing events outside of classic exhibits to bring the artistic community together. Here are the best art galleries in Saigon recommended by Katie Kalmusky (The Culture Trip) to catch a glimpse of the incredible talent within this dynamic city.

SAIGON OUTCAST

Bar, Market, Restaurant, American, Vietnamese

Entrance to Saigon Outcast in Thao Dien | © Matthew Pike / Culture Trip

Saigon Outcast describes itself as a ‘creative space, magical craft beer garden and graffiti paradise’. This events venue hosts everything from rock climbing and movie evenings to life-drawing classes and acoustic nights. One of the most striking things about Saigon Outcast, though, is the graffiti covering many of the surfaces. This place has some of the most impressive wall art in the city.

LOTUS GALLERY

Art Gallery, Art Museum
This gallery, located in the heart of District 1, makes clever use of its long, narrow interior by placing art work on sliding panels to reveal several paintings underneath. The gallery owners are friendly and informative and will gladly provide details of each piece, as well as a brief history of several artists hailing from all over the country. This private gallery has operated since the ’90s and also features a range of works from portrait style canvas paintings to contemporary pieces

HO CHI MINH CITY MUSEUM OF FINE ARTS

Art Museum

Ho Chi Minh Museum of Fine Arts | © Jon-Eric Melsæter

This is the top-rated art museum within the city. Here, you can catch a glimpse of what the local art scene looks like and what local artists are creating. This dauntingly huge complex features an appealing mix of French and Chinese architectural styles, as it was owned by a Chinese-born businessman who was one of the city’s richest men at the time it was constructed.

CRAIG THOMAS GALLERY

Art Museum
This is one of the older galleries in the city, but it still offers plenty of contemporary artwork. American lawyer Craig Thomas worked in Saigon for many years before he followed his true passion as a collector. Established in 2009, this gallery features many emerging new artists, along with well-known names. A number of exhibitions are held throughout the year and pieces are often created by Vietnamese locals. Like most great artwork, many paintings found here contain important messages behind the brushstrokes.

APRICOT GALLERY

Art Museum
This elegant, stylish gallery located in District 1 houses impressive works from both well-known local artists and newcomers. Originating in Hanoi, this gallery occupies five storeys and features large canvas paintings displayed as though they were in a big-budget museum. Keep your eyes peeled for some lesser known contemporary works by up-and-coming local talent.

DUC MINH GALLERY

Art Gallery, Art Museum
This expansive private art collection is one of the best in the country. Duc Minh was one of Vietnam’s most important art collectors, saving pieces from potential destruction during the Vietnam war. His son, Bui Quoc Chi, has continued the family legacy by preserving the vast amount of pieces that range from from 1920–1990. The current collection has expanded to feature more contemporary works and occasionally, Quoc Chi offers guided tours. If you do find a tour date, grab it; tickets are a little pricey, but they sell out fast.

Parkson shutdown signals full retreat?

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With one more Parkson store in Ho Chi Minh City on the edge of closure due to continuous losses, it may be time for some to question if the Malaysian ­retailer could leave Vietnam ­altogether.

While the closing of Parkson Cantavil shopping centre in District 2 of Ho Chi Minh City has yet to be officially announced, Parkson Retail Asia (Parkson) has removed the sign board from the building frontage.

Nguyen Manh Hung, owner of a fashion store in Cantavil mall where previously Parkson’s signboard was hung, said he was told Parkson had withdrawn from the mall in June. Currently, shops in the mall are dealing directly with customers instead of operating through Parkson’s system as before. Parkson’s counters were also moved out of the store.

Parkson Cantavil opened in 2013 with the investment capital of $8 million at the project in the busy Thao Dien area of District 2. If the closure takes place, the number of Parkson’s closed stores would reach five, with three in Ho Chi Minh City and two in Hanoi.

Representatives from Parkson were not available for comment. Vo Mai, head of retail from Cushman & Wakefield Vietnam, told VIR that following shut down of Parkson’s Flemington in District 11 of Ho Chi Minh City in this March, the closure of Parkson Cantavil seems inevitable.

“Watching retail trends and retail formats in Vietnam, department stores are fading, while lifestyle and destination malls are still missing from Vietnam,” Mai said. “As Parkson is staying out of the race, it is unpreventably being rejected and plans to withdraw from Vietnam in the next five years.”

According to her, lifestyle centres are a mixed-use commercial development that combine the traditional retail functions of a shopping mall with leisure amenities. This development type includes restaurants, entertainment, and amenities, and are often constructed at historic buildings or culture-oriented settings. A wide range of entertainment activities can be held in such centres, ranging from the launching ceremony of the latest automobile models to one-of-a-kind art exhibitions, fashion shows, and small pop concerts.

Destination malls, meanwhile, offer a diverse range of experiences including retail, leisure, and entertainment, all in one location. When visiting a destination mall, customers can spend several hours for entertainment, rather than simply purchasing goods. These kinds of retail developments are still few and far between from Vietnam in general, and from Ho Chi Minh City in particular.

Opening its first store, Parkson Saigon Tourist Plaza, in 2005 in Ho Chi Minh City Parkson had a total of 10 centres stretching across the nation at its peak.

When entering Vietnam, Parkson held ambitions to dominate one of the most promising retail markets in Asia. Parkson Saigon Tourist Plaza reached more than 90 per cent occupancy at its launch.

However, with time the number of visitors declined in Parkson’s department stores, leading to heavy losses for the investor. In 2015, Parkson left Keangnam Hanoi Landmark Tower to cut losses, signalling the first of other closures.

A year on, Parkson Paragon in District 7 of Ho Chi Minh City was the second store to close. Parkson Viet Tower in Hanoi followed only a few months later.

The latest store to be closed was Parkson Flemington in District 11 this past March, and now it looks to be the turn of Parkson Cantavil.

Parkson is a member of Lion Group, an international group founded in 1930 in Malaysia. The company currently operates stores in China, Hong Kong, Indonesia, Mexico, Singapore, the US, and Vietnam.

Since first appearing in Vietnam in 2005, Parkson was once the country’s largest retail chain with 10 stores nationwide, including six in Ho Chi Minh City, two in Hanoi, and one each in the northern city of Haiphong and the central city of Danang.

Since its heyday, there are now only three stores in Ho Chi Minh City in operation. Among these stores, Parkson CT Plaza has been the most effective with almost full occupation by international and domestic tenants. Located near Tan Son Nhat International Airport, this store is a popular destination among travellers. Moreover, the department store is located in Tan Binh district which is still short of large-scale trading and entertainment centres.

Meanwhile, the original Parkson Saigon Tourist Plaza welcomes few customers despite being located in the heart of District 1, due to heavy competition. Within two kilometres, potential customers can find Vincom Dong Khoi Centre and Diamond Plaza, which Parkson struggles to compete with.

Parkson Hung Vuong is showing signs of degradation, with dilapidated buildings, having not been maintained efficiently in recent times.

Parkson Retail Asia, the mother company of Parkson in Vietnam and a subsidiary of Lion Group, has also been reporting losses. It recorded negative sales performance for the fourth quarter and the full year ending on June 30, 2018. Its unaudited financial statement for the fourth quarter and the full year ending on June 30, 2018 showed declining same-store sales in its department stores in all four of its markets (Indonesia, Malaysia, Myanmar, and Vietnam), with Vietnam performing the worst.

Parkson Retail Asia finished the financial year with a pre-tax loss of $17.58 million in the last quarter of 2017 and $40.1 million for the full year.

Source: VIR

Thousands of Thanh Hoa workers strike

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More than 3,000 workers at the Ivory Vietnam Company in Thanh Hoa Province have gone on strike over the past five days to protest against the company’s policies on overtime, Dtinews reported.

On October 18, about 3,000 workers gathered in front of the company’s gate to protest against too many extra shifts. They additionally complained about poor bonuses and too expensive lunches.

“They forced us to work all day long, even during the weekends but the bonuses stay the same, from VND50,000 (USD2.13) to VND150,000. The lunch subsidies are also low. The basic wages of senior workers who have worked for five years are the same as new workers,” one worker in Hau Loc said.

Thanh Hoa General Confederation of Labour has collaborated with local authorities to ensure social order and hold a meeting with the workers as soon as possible. However, on October 24, thousands of workers still went on strike as they waited for the official decision from the company.

Hau Loc District People’s Committee announced that the district’s Party Secretary Nguyen Van Ap and the representative of Hau Loc General Confederation of Labour had worked with the company and its workers.

Vu Thi Ha, Vice Chairwoman of Hau Loc District, said Ivory Vietnam Company agreed to increase lunch subsidies from VND14,000 (60 US cents) to VND15,000 per worker. Bonuses would also be increased to VND100,000-VND200,000 and the company made a promise to follow regulations on overtime.

“Ivory Vietnam Company is seeking opinions from its mother company in South Korea about seniority payments. They may raise the payment in early 2019 for workers at all of the member companies in Vietnam,” she said.

She went on to say that leaders of Hau Loc District would soon announce the information and called for the workers to return to work.

Vietnam man fined for exchanging dollar bill at local gold shop

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A man from the Mekong Delta city of Can Tho has been fined VND90 million (US$3,850) for exchanging a dollar bill into Vietnamese currency at a local gold shop that is not licensed to provide currency exchange service.

Police raided a jewelry shop in downtown Can Tho on January 30 and found Nguyen Ca Re, 38, exchanging a 100-dollar bill for VND2.26 million in the local currency.

The shop, owned by Le Hong Luc, was not licensed to offer currency exchange service.

Re was fined VND90 million for “buying or selling foreign currency at an unlicensed establishment,” while the shop owner was subject to a heftier fine of VND180 million ($7,700) for “conducting currency exchange service without license.”

These fines were issued on September 4, more than seven months after the incident, according to Can Tho’s deputy chairman Truong Quang Hoai, who signed both civil penalty decisions.

The dollar bill and VND2.26 million in cash traded by the parties were confiscated by police officers at the time of the raid.

“I don’t understand why they waited all these months to slap me with an administrative penalty,” Luc said.

Meanwhile, Re said he is only an electrician who makes little more than VND3 million ($130) a month from his job.

The 100-dollar bill he was caught trying to cash out for some local money was a gift from a friend, he claimed.

Re added that he did not know it was illegal to exchange money at gold shops, as many of his friends also did the same without any trouble.

According to current regulations in Vietnam, foreign currencies can only be traded legally at banks or licensed counters.

Currency exchange counters are only allowed to be located at hotels ranked three stars or higher, international borders, entertainment centers intended for foreigners, and air ticket agencies.

Tourist attractions, shopping malls and supermarkets with a large volume of foreign visitors can also have currency exchange counters located within them.

Gold and jewelry shops are generally not authorized to offer currency exchange service, except a selected few that are licensed to buy foreign currencies, but not sell them.

Stores that violate these rules are subject to fines ranging from VND500 million ($21,400) to VND600 million ($25,700), while those found trading with unlicensed shops can be fined VND80-100 million ($3,400-4,300).

Repeated searches

According to Luc, police officers not only confiscated the cash involved in his transaction with Re but also conducted a thorough search through his establishment and seized droves of valuable assets.

“Even our bedroom was searched,” Luc said, adding that the officers claimed to have received a tip-off about illegal transactions done at his place.

In total, he said 20 diamonds and 19,910 artificial gems were seized along with all the shop’s inventory of white gold due to “lack of certification” and “foreign-language labels.”

Luc said the confiscated diamonds were his personal properties stored inside a private safe and were not intended for sale, so he could not provide any papers.

Police officers also took a CCTV camera installed inside the shop and returned it eight months later with all footage wiped clean, Luc claimed.

According to Luc, it was not the first time his shop had been raided by police.

In June 21017, officers also searched the establishment, seized some white gold and slapped him with a fine of VND8.5 million ($365).

“The raids have affected my business, as customers are deterred by frequent police activities,” Luc said.

Tuoi Tre (Youth) newspaper reached out to Can Tho police officers for comment on Tuesday but has not received an official response.

Source: Tuoitrenews

Vietnamese festivals wait for comeback after drug deaths in Hanoi

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A number of EDM (electronic dance music) festivals are still waiting for a comeback after the deaths of seven people who died of suspected overdoses while attending a musical festival last month that led to the halt of licensing for this kind of program across Vietnam.

The incident happened at an EDM concert themed ‘Trip to the moon’ at the Ho Tay Water Park in Tay Ho District, Hanoi on September 16.

Several outdoor music events in the northern city of Hai Phong, the northern province of Quang Ninh, Nha Trang City in south-central Vietnam, Ho Chi Minh City, Hanoi and other localities were simultaneously canceled following the tragedy.

Authorities have imposed a bruising ban on all EDM festivals in Hanoi until further notice.

The ban is a blow to the EDM industry, which netted US$7.4 billion globally last year, including $1 billion in the Asia-Pacific, according to the 2017 IMS Business Report.

Cancellations en masse

In a discussion with Tuoi Tre (Youth) newspaper, To Van Dong – director of the Hanoi Department of Culture and Sports – confirmed that the city did stop giving licenses to music festivals, which then led to the suspension of multiple EDM events.

“Although we highly agree to the EDM programs as they are the favorite playgrounds of young people, we still have to reconsider whenever such an incident recurs,” Dong said.

“The department can only talk about the licenses for EDM festivals once the police deliver a final announcement on the [‘Trip to the moon’] incident,” the director asserted.

One of the instances for these cancelations is the Ravolution Music Festival 2018 initially scheduled for September 29 at the Hanoi University of Science and Technology’s stadium.

According to a representative of the event, the show was planned one year in advance with tickets sold and remuneration already paid to invited foreign artists.

“EDM has just developed in Vietnam, now this incident happened,” the representative said, expressing concern about the future of EDM in the Southeast Asian country.

Just like him, several other music party organizers hope the deaths at the ‘Trip to the moon’ will not see the nascent rave scene brought to a premature end in Vietnam.

DJ Huy DX, who had 14 shows canceled, told Tuoi Tre that he looked forward to the day when the music festivals are licensed again.

But what makes the EDM fest organizers most worried is that the music genre is deemed a kind of music only for misbehaving youngsters, a ‘prejudice’ that used to be imposed on rock in Vietnam before.

Had it not been for outdoor music shows like Rock Storm, which often attracts thounsands of participants every year, the reputation of rock lovers and rockers as passionate people that spread positivity to the community and society would not have been there, according to Vietnamese musician Quoc Trung.

Likewise, booming numbers of hard-partying youngsters have put Vietnam on the EDM map in recent years.

Fans in turn have been rewarded with visits from DJ royalty like Martin Garrix and Hardwell to sold-out festivals.

Chance for change

Waiting for the green light from authorities, some think it is better to take the death catastrophe as a chance to change.

The organizing board of the Ravolution Music Festival said that they are trying to improve their staff’s problem-solving skills, especially in safety control, during the suspension.

Moreover, the organizer is offering tickets equipped with RFID (Radio-frequency identification), which uses electromagnetic fields to automatically identify and track tags attached to objects, to help ensure tight security at all stages when the event comes back.

“We contacted various pretisgous organizations in Europe to work on the standards of safety and security at music festivals in Vietnam,” the Ravolition representative revealed.

“We see this incident as a chance for us, who are working in the music event industry, to increase the quality of the music festivals,” he positively said.

According to a report on Tuoi Tre News

Ho Chi Minh City to hike garbage fees

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Garbage fees in Ho Chi Minh City are expected to gradually increase until 2022, as part of local authorities’ plan to raise the maximum cost of garbage pickup and transport services.

Deputy chairman of the municipal People’s Committee Tran Vinh Tuyen has recently signed a decision to increase the fees of services relating to household waste.

According to the new regulation, residents will have to pay a much bigger amount of money for garbage-related services compared to the current cost.

However, local authorities have decided to gradually raise the fees over several phases from 2018 to 2022.

The decision will take effect on November 1, but it is still unclear when the new rates will be actually applied.

The current Decision No. 88 of the city’s administration states that households along local streets are required to pay a fixed VND20,000 (US$0.86) per month, while those in alleys need to spend VND15,000 ($0.64) a month.

The new regulation, however, sets a detailed outline of three different fees, pickup, transport, and treatment, that make up the final garbage cost city-dwellers have to pay.

Pickup services will be charged at VND364 ($0.016) per kilogram.

Treatment cost is at VND475 ($0.02) per kilogram, but it is only applied from 2022 onward.

Transport fees will rise from VND40 ($0.0017) per kilogram in 2018 and 2019, to VND133.5 ($0.0057) in 2020, VND227 ($0.0097) in 2021, and finally VND247 ($0.011) in 2022.

According to the new scheme, each household is expected to pay a maximum of VND48,480 ($2.08) a month for garbage-related services in the 2018-19 period.

The municipal administration noted that the amount is the maximum fee that one family needs to pay.

The municipal Department of Natural Resources and Environment and the Department of Finance will coordinate with district-level authorities to determine the specific cost for each household.

One of the proposed methods is to decide on the average amount of garbage for each household based on the number of members, a representative from the environmental department stated.

A family of five, for example, dumpsre four kilograms of trash per day, or 120 kilograms a month, on average, he elaborated.

While many citizens are still confused by the new regulation, others have expressed their support, hoping that the higher fee will help improve the quality of such services.

Duy Khang report on Tuoitrenews

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