Cao Bang age gap marriage shocks public

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A marriage in the northern mountainous province of Cao Bang has shocked the public as the wife is 35 years older than her husband.
The love story about the couple Le Thi Thu Sao, 61, and Trieu Hoa Cuong, 26, has been a hot topic on Vietnamese social networks.

Cuong belongs to the Dao ethnic minority group and lives some 40 kilometres from Sao’s house in Cao Bang City.

Sao said her first husband died in 2011 due to sickness, leaving her behind to take care of two daughters. She has set up a café shop and a beauty care centre to earn living.

She provided consultancy to Cuong who was looking for skin treatments in late 2017. After that, Cuong came to her centre for the care once a week. Then they gradually became close friends.

Sao also told him about her private life and that her husband died.

Cuong after that showed his love for the woman and asked her whether she wanted to get married.

In May this year, while on the way from Cuong’s house to Cao Bang City, Cuong suddenly stopped the motorbike and picked some wildflowers by the roadside to propose to her. Sao agreed.

Cuong always prepares surprising gifts to present Sao on special occasions. He also pays attention to her hobbies.

Both families supported their marriage, including Sao’s daughters.

The broom’s parents who are even younger than Sao initially worried about Cuong’s proposal for the marriage, but they then agreed when their son was determined to do this.

Regarding the question that many people may think that Cuong wanted to take advantage of the marriage to earn money from her, the wife denied this, noting that he had never used her money.

Their wedding was officially held in Cao Bang on September 20.

Cuong’s parents bought bed and wardrobe for the couple and helped to decorate their bedroom.

Ha Trang report on Dtinews

Investors eye land plots in HCMC’s neighboring areas

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Can Gio district in HCMC and Nhon Trach in Dong Nai province have become new destinations for many investors, thanks to infrastructure development in the areas.

The real estate developer community was stirred up in early August by the news that Dong Nai People’s Committee proposed replacing the HCMC People’s Committee to call for investments in the Cat Lai Bridge project, which connects district 2 in HCMC and Nhon Trach district in Dong Nai.

The news about the plan to build the Binh Khanh Bridge which connects Nha Be and Can Gio was also discussed by southern real estate developers.

The report of the Dong Nai Transport Department showed that the Cat Lai Bridge will have the total length of 3,782 meters and estimated investment capital of VND7.2 trillion.

Once Cat Lai is built, it will help shorten the time needed to travel from HCMC to the provinces in the eastern part of the southern region. This will allow large urban areas such as HCMC and Bien Hoa to ease pressure on infrastructure and population.

There are eight operational industrial zones in Nhon Trach district which have the occupancy rate of over 80 percent, attracting 120,000 businessmen, specialists and workers.

Real estate brokers in Nhon Trach said that with the building of Cat Lai Bridge, the land price in the area would escalate from now till the end of the year, possibly by 30 percent compared with earlier this year.

Over the last two years, foreign investors have acquired many properties in Nhon Trach. These include Dai Phuoc Lotus, covering an area of 200 hectares, initially belonging to the joint venture of VinaCapital and DIC.

After 10 years of project implementation, the joint venture completed infrastructure and house items at Dai Phuoc Lotus. However, China Fortune Land Development (CFLD) in April 2017 unexpectedly bought Dai Phuoc Lotus shares from VinaCapital for $65.3 million.

CFLD has built Swanbay villas in Dai Phuoc Lotus.

Prior to that, in September 2016, CFLD signed an MOU with Vietnam’s Tin Nghia Corporation on the building of a new industrial city and Ong Keo Industrial Zone. Both projects are located next to the Long Thanh International Airport, which will be built in the near future.

Can Gio attracts tycoons

Economists said once Binh Khanh bridge becomes operational, Can Gioi will become a ‘hot spot’ of the real estate market where a lot of resort real estate projects will arise.

The Can Gio sea-encroaching tourism complex is under construction,, which covers an area of 2,870 hectares.

Tuan Chau Group plans to build a modern resort in Can Gio, while Thu Duc House plans a residential quarter and resort complex in the island district.

Source: VNN

Petrol price increased by VND320 per litre

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The retail price of bio-fuel E5 RON 92 rose VND320 to VND20,231 (US$0.87) per litre at 3pm Friday due to rising global prices, the ministries of Industry and Trade and Finance announced.

The price of RON 95 also rose by VND293 to VND21,770 per litre, while the prices of diesel and kerosene went up by VND57 and VND124 to VND18,126 and VND16,683 per litre, respectively.

The price of mazut increased by VND26 to VND14,942 per kilo.

According to the Ministry of Industry and Trade (MoIT), global oil and petrol prices have surged to $86-91 a barrel.

The price of RON 92, which is used to produce bio-fuel E5, increased from $85.8 in the previous adjustment to $86.8 per barrel.

The price of ethanol E100, which is used as the basis for the calculation of the price of bio-fuel E5 RON 92 after the elimination of petrol RON 92, stood at VND14,876 per litre without value added tax.

The two ministries have also decided to keep the use of subsidies from the petrol price stabilisation fund unchanged. Subsidies for E5 RON 92 were at VND1,563 per litre, while those for RON 95 were raised from VND960 per litre. Subsidies for diesel were VND400 and VND300 per litre respectively.

Announcements regarding fuel price changes are scheduled every 15 days to keep up with swings in the global market.

This has been the second consecutive rise within nine months after the ministries kept the selling price unchanged by using the price stabilisation fund.

On Thursday, the National Assembly Standing Committee issued a resolution to increase the environmental protection tax on gasoline by VND1,000 (4 US cents) to VND4,000 per litre.

Source:

The price of RON 95 also rose by VND293 to VND21,770 per litre, while the prices of diesel and kerosene went up by VND57 and VND124 to VND18,126 and VND16,683 per litre, respectively.

The price of mazut increased by VND26 to VND14,942 per kilo.

According to the Ministry of Industry and Trade (MoIT), global oil and petrol prices have surged to $86-91 a barrel.

The price of RON 92, which is used to produce bio-fuel E5, increased from $85.8 in the previous adjustment to $86.8 per barrel.

The price of ethanol E100, which is used as the basis for the calculation of the price of bio-fuel E5 RON 92 after the elimination of petrol RON 92, stood at VND14,876 per litre without value added tax.

The two ministries have also decided to keep the use of subsidies from the petrol price stabilisation fund unchanged. Subsidies for E5 RON 92 were at VND1,563 per litre, while those for RON 95 were raised from VND960 per litre. Subsidies for diesel were VND400 and VND300 per litre respectively.

Announcements regarding fuel price changes are scheduled every 15 days to keep up with swings in the global market.

This has been the second consecutive rise within nine months after the ministries kept the selling price unchanged by using the price stabilisation fund.

On Thursday, the National Assembly Standing Committee issued a resolution to increase the environmental protection tax on gasoline by VND1,000 (4 US cents) to VND4,000 per litre.

Source: VNA

Ha Noi’s lucrative property market attracts foreigners

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Hà Nội expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city.

Statistics show that more than 82,000 foreigners live and work in Việt Nam, and a large number of them are in Hà Nội from South Korea, China, Singapore, Russia and the US, reported the Vietnam News Agency.

According to a report by HSBC Vietnam, 29 per cent of foreign experts working in the country said they were ready to spend their savings on home purchases, including high-end apartments and luxury property.

The revised law on housing, which took effect in 2015, has created more favourable conditions for foreigners to buy houses in Việt Nam. More open policies to attract foreign investment have also enhanced the attractiveness of Hà Nội’s real estate.

Experts said granting permission for foreigners to purchase housing is expected to encourage more types of real estate like investment, tourism and service property, which will benefit the economy.

The western and northern areas of Hà Nội are attracting foreign buyers, according to experts. Notably, more and more customers from the Republic of Korea, Japan, Malaysia and Singapore are seeking to buy or rent high-end apartments in the west of the city.

Nguyễn Phúc Thanh, an experienced investor, explained that the western side accommodates the headquarters of many ministries, sectors and major domestic and foreign businesses. It is also home to key facilities such as the Việt Nam National Convention Centre and the National Sports Complex.

Additionally, transport infrastructure in the area is relatively modern and convenient for accessing inner areas and main roads to other provinces and cities, he said.

The insiders also said the western area, including the Mỹ Đình area, will remain a top destination for foreigners. More importantly, these clients have high requirements for property products, especially accompanying services, which means the foreign influx is a boon for investors in high-end projects.

Nguyễn Bích Trang, former director of CBRE Hanoi, said the north of Hà Nội, even on the other end of the Nhật Tân Bridge, is developing strongly. In the next five to seven years, new residential areas will be built here and change the city’s real estate market, particularly the mid-range and high-end segments.

The higher development potential of high-end property in the north, compared to other areas, is thanks to certain geographical advantages, she said.

Echoing that view, Lê Mạnh Cường, a division head at the municipal Department of Planning and Architecture, said location is key for property value. Most big cities in the world also expand towards rivers or airports, and very few have developed away from them.

This is why residential projects in the south of Hà Nội like Hòa Lạc or Xuân Mai were not as successful as expected. Meanwhile, although many projects in the north, particularly on the other side of the Red River, are just in the planning stage, they have attracted attention from foreign investors and clients, he said.

Chairman of Ciputra Group Budiarsa Sastrawinata said Hà Nội is a potential market for big projects, especially complexes with a diverse range of property products.

Deputy Minister of Construction Nguyễn Văn Sinh said Hà Nội needs to identify the core issues to solve difficulties on the property market. The city should adjust the structure of property products according to real demand and also continue to have preferential conditions for enterprises, including domestic and foreign firms. Those would encourage the sustainable development of the real estate market.

A recent major investment is a smart city project in Hải Bối and Vĩnh Ngọc communes of Đông Anh District, Hà Nội. Implemented by a Japanese firm and a Vietnamese partner, it has total investment of more than US$4.1 billion and is set to begin construction this October. It is one of the biggest foreign-invested projects in Hà Nội in the first half of 2018.

According to the Ministry of Planning and Investment, foreign investors poured $5.9 billion into Vietnamese real estate between January and August, accounting for 24.2 per cent of total registered foreign capital. That gave property second place among the 17 sectors receiving foreign investment during the period.

Source: VNS

VN stocks mixed, liquidity rises

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Vietnamese shares were mixed on Friday with the benchmark VN-Index falling as exchange-traded funds (ETFs) completed their quarterly portfolio reviews.

The VN-Index on the HCM Stock Exchange edged down 0.18 per cent to finish this week at 1,002.97 points, marking weekly growth of 1.17 per cent.

The HNX Index on the Hà Nội Stock Exchange gained 0.64 per cent to end at 115.80 points, rallying total 2.7 per cent after four straight days.

The northern market index increased by total 2.14 per cent from the previous week’s end of 113.37 points.

Foreign investors net-sold VNĐ756.7 billion worth of local stocks, compared to their net-buy value of VNĐ6.3 billion made on Thursday.

Market trading liquidity shot up with nearly 373.8 million shares traded on the two exchanges, worth VNĐ10.15 trillion (US$451.3 million).

Friday also recorded the highest daily trading value since May 18, when trading value on the two exchanges reached the record high of VNĐ35.83 trillion.

The significant increase of market trading liquidity on Friday was attributed to the quarterly portfolio reviews of ETFs that targeted to buy in shares of Vinhomes and the Vietnam Electrical Equipment JSC (Gelex).

Despite the ETF purchasing, Vinhomes and Gelex shares, listed as VHM and GEX on the HCM Stock Exchange, fell 3.3 per cent and 2.5 per cent, respectively.

The decline of the benchmark VN-Index was attributed to the downtrend of petroleum stocks, led by PetroVietnam Drilling and Well Services (PVD).

The energy sector index lost 1.6 per cent, data on vietstock.vn showed.

PVD lost 2.2 per cent after having gained 23.6 per cent since September 5.

Other industries that also saw share prices drop included rubber, transportation and logistics.

On the positive side, banks and securities firms were the major driving factors for the stock market’s short-term outlook.

The two sector indices gained 0.7 per cent and 0.6 per cent, respectively, according to vietstock.vn.

Among gainers of the two industries were Vietinbank (CTG), Sài Gòn-Hà Nội Bank (SHB), VPBank (VPB), Asia Commercial Bank (ACB), BIDV Securities (BSI) and Vietinbank Securities (CTS).

According to Bảo Việt Securities JSC (BVSC), the market may go back to its balance following the two ETF portfolio shake-ups and more positive moves are predicted for the coming sessions.

Good market outlook was provided on the increase of liquidity, which “indicated investors’ confidence about the market’s uptrend in the short term,” BVSC said in its report.

Source: VNS

Coca-Cola, Walmart to cut plastic pollution in oceans

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Coca-Cola, Walmart and other big multinationals pledged on Thursday (Sep 20) to help reduce plastic pollution in the world’s oceans in support of a campaign by five of the G7 industrialised nations.

Britain, Canada, France, Germany and Italy, along with the European Union, signed the Ocean Plastics Charter at a leaders’ summit in Canada’s Charlevoix region in June.

The United States and Japan abstained but non-G7 nations Norway and Jamaica are also backing the plan to ensure 100 per cent of plastics are recyclable by 2030.

The nations aim to develop more viable alternatives to plastic packaging, to work towards a goal of all plastics being recycled and reused by 2040.

On the second day of a G7 ministerial meeting in Canada’s Atlantic port city of Halifax, Canadian Environment Minister Catherine McKenna announced “a new partnership with businesses” to reduce plastics waste.

Backers include Loblaws, Walmart, Nestle Canada, IKEA, Dow Chemicals, the Coca-Cola Company, BASF Canada and A&W Canada.

Unilever also announced that it was launching a non-profit entity to reduce consumer and business waste, while Volvo upped its target to make 25 per cent of the plastics in its cars recyclable by 2025.

The G7 group of the world’s major economies are also looking to tackle a growing source of marine pollution: lost fishing nets and gear, which account for 70 per cent of plastic waste floating on the surface of the sea, Canada’s Fisheries Minister Jonathan Wilkinson said.

About 640,000 tonnes (tons) of nets and other fishing gear are discarded in the oceans each year, killing an estimated 136,000 seals, dolphins, sea lions, turtles, small whales and other seabirds, according to the World Animal Protection group.

“This is a really big problem,” Wilkinson told AFP from the Halifax talks.

“There is a consensus among G7 countries that this is a very important issue … and there is a clear commitment to address it,” he said.

According to the United Nations environment agency, 70 per cent of the large plastic waste that floats on the seas comes from fishing.

Josey Kitson, executive director of World Animal Protection, called the plastic debris “death traps” for many seabirds, fish and marine mammals, but expressed hope that the G7 will address the problem.

Wilkinson said G7 and other governments represented at the Halifax meeting are exploring fixes such as incentives for fishers to reuse gear and dispose of aging nets properly.

The aim is “to actually clean it up (but also) not discharge it in the first place,” he said.

The G7 is also looking at ways of tracking discarded gear back to vessels in order to identify polluters.

Although no timetable has been set, the G7 ministers have agreed to “discuss this issue again” at the Blue Economy Conference in Nairobi in November, Wilkinson said.

Source: AFP

Vietnam’s Coffee Queen checkmates King in one court case

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A court ruled Thursday that the estranged wife of Trung Nguyen’s boss should be reinstated as deputy general director.
Le Hoang Diep Thao had filed a lawsuit against her husband Dang Le Nguyen Vu’s decision to dismiss her as coffee giant Trung Nguyen Group’s deputy general director, preventing her from taking part in running and managing the company.

In her lawsuit, Thao said that as Vu’s wife and co-founder of Trung Nguyen, she was a member of the group’s board of directors and owned 10 percent of its charter capital, as well as 50 percent of her and Vu’s common assets.

In May 2006, Thao was appointed Trung Nguyen’s deputy general director, allowing her to manage the company under Vu’s authorization.

Under her management, Trung Nguyen’s charter capital increased from VND150 billion ($6.5 million) to VND2.5 trillion ($108.7 million) and both the company’s annual revenue and profit grew significantly, Thao claimed.

However, in July 2014, Vu signed a decision to dismiss Thao as deputy general director without the board of directors’ approval. He also instructed his employees to demolish her office and block her from entering the company’s headquarters, Thao alleged.

Furthermore, he prevented Thao from performing her rights and responsibilities as Trung Nguyen’s shareholder and a board member, prompting her to file the lawsuit.

After failing to reconcile the couple, the HCMC People’s Court in September 2017 accepted parts of Thao’s requests and voided the decision Vu issued in 2014, reinstating her as Trung Nguyen’s deputy general director and ordering Vu not to prevent her from managing the company.

Both Vu and the Trung Nguyen Group appealed the ruling. Vu asked the court to quash the ruling and suspend the case while Trung Nguyen claimed that the issue was an internal dispute, not a commercial one for the court to adjudicate on.

At the Appeals Court on Thursday, Vu’s lawyer insisted that documents showed he had not prevented or hindered Thao from running the company.

The lawyer also claimed that Vu had already withdrawn the decision to dismiss Thao following the trial court’s ruling in 2017. As the object of the lawsuit no longer exists, the case is no longer under the court’s jurisdiction and should be suspended, she argued.

Thao’s lawyer, meanwhile, pointed out that the defendant’s claim that “the object of the lawsuit no longer exists” contradicts the decision to appeal the ruling.

He also asserted that Thao being prevented from running the company was evident from the fact that she was rarely invited to meeting and was not allowed to get involved in company’s contracts or meet its partners.

In addition to the lawsuit on deputy general directorship, Thao and Vu are also involved in several other legal disputes including their divorce, management rights over the Trung Nguyen Instant Coffee Company and a case filed against the head of the Business Registration Office under Binh Duong Province’s Department of Planning and Investment.

Ky Hoa report on  Vnexpress

Investors keen on local market

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Mr. Hironobu Kitagawa, Chief Representative of the Japan External Trade Organization (JETRO), Hanoi Representative Office, tells VET about Japanese investment in Vietnam.

How has Japanese investment to Vietnam been in recent times?

Japanese investment in Vietnam continues to increase. The total number of newly-registered and expanded projects is 601 with total investment capital of $8.7 billion. Japan became the largest investor in Vietnam in 2017, in terms of both project numbers and capital.

The total number of newly-registered and expanded projects in the beginning of 2018 was 293, a 4.6 per cent increase year-on-year. Total registered capital was $6.1 billion, up 25.9 per cent year-on-year, due to a large amount of capital for a smart city development project in Hanoi.

What sectors do Japanese investors invest in the most in Vietnam?

Vietnam has been attracting Japanese enterprises in recent years because it is not only a strong manufacturing location, with stable infrastructure and competitive labor costs compared to neighboring countries, but also because it is a market that has significant potential. It is expected that domestic demand will grow due to increases in market size, stable economic growth, and higher incomes.

Japanese enterprises are attracted by human resources and domestic demand in Vietnam, both of which are issues they must address in Japan. In the manufacturing and processing sector, investment opportunities in fields with low-cost labor and land areas will continue to increase.

What are the advantages and obstacles for Japanese enterprises when investing in Vietnam?

According to JETRO’s “Survey of Japanese Businesses in Asia and Oceania” released last year, the favorable conditions in Vietnam’s investment environment include market size and a stable political and social situation. Labor costs are also cheap. The risks, however, include rising labor costs, the incomplete legal framework, a lack of transparency in legal application, complex tax mechanisms and procedures, and burdensome administrative procedures.

How do you view the potential for economic cooperation between Vietnam and Japan in the future?

The importance of Vietnam is undoubtedly increasing for Japanese enterprises. Japan and Vietnam have had discussions on improving the investment environment, as part of an initiative to bolster investment. I think the abovementioned administrative issues can be improved to some extent. Creating transparent and fair rules based on international norms is a way to further bolster FDI in Vietnam.

In the JETRO survey of Japanese companies mentioned above, about 70 per cent of respondents said that they would like to expand their projects in Vietnam, which is a higher percentage than in other ASEAN countries. The percentage of companies considering Vietnam as a country where they would open branches or expand scale has increased for three years in succession.

In May, JETRO worked with the Ministry of Planning and Investment to hold the “Vietnam Investment Promotion Conference” during the State visit to Japan by State President Tran Dai Quang. While Japan and Vietnam celebrate the 45th anniversary of diplomatic relations, through the promotion of bilateral investment and deepening strategic partnerships, the goal is to further expand the business relationship between the two countries and enhance Vietnam’s new and emerging position. Investment licenses for three new projects in Vietnam were issued at the conference, and memoranda of cooperation on 13 investment projects were exchanged, as was one for an air navigation project. Vietnam and Japan expect to be able to promote further economic cooperation in the future.

Source: Vneconomictimes

Why you should visit Hanoi for Mid-Autumn festival

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Mid-Autumn Festival is the perfect opportunity to experience authentic Vietnamese culture, says Chris Dwyer.

An explosion of colour and a hugely-photogenic cultural celebration across Asia, Mid-Autumn festival may not be as well-known as Lunar New Year, but it provides just as good an excuse to visit countries which mark it in style. Of those, few are as memorable a destination as Vietnam, while the ancient capital of Hanoi is the ideal base for joining in the food and fun-filled festivities that this year fall on 24 September.

Vietnam’s Mid-Autumn festival is called Tet Trung Thu and has been celebrated for more than 4,000 years, having originally marked the end of the rice harvest in the Red River Delta around the capital. Parents were busy during the harvest, so the festival holiday at the end was a chance to spend time with their children. Fast forward four millennia and that means that kids are front and centre, while it’s also a great way for visitors of all ages to truly immerse themselves in traditional Vietnamese culture.

Children are front and centre of the Mid-Autumn festival (Chris Dwyer)

A 12-hour flight from London, Hanoi is a large and hectic city with roads that can be notoriously difficult to cross thanks to swarms of mopeds at every turn (if in doubt, just cross confidently and whatever you do, don’t stop). It pays to have a central base within easy reach of the main sights, something that means you also get to avoid Hanoi’s taxi drivers, not all of whom graduated from charm school.

Charm is definitely in abundance, however, at the Sofitel Legend Metropole Hanoi, the city’s most iconic hotel that has been welcoming illustrious visitors including Graham Greene and Charlie Chaplin since 1901. The colonial era building with its elegant white façade and dark green shutters sits right in the heart of Hanoi’s French Quarter, just a few minutes’ walk from the stunning neo-classical Opera House and the peaceful Hoan Kiem lake.

Elsewhere, the Unesco World Heritage Site Imperial Citadel of Thang Long definitely merits a visit. It provides a fascinating look at the city’s role as the centre of regional power for almost 1,300 years, while special events and exhibitions provide insights into the critically cultural significance of the Mid-Autumn festival.

Not unlike Christmas, much of the festival’s importance comes in the build-up and there’s no more atmospheric or Instagrammable spot to experience it than Hang Ma Street in Hanoi’s Old Quarter. Dozens of shops, stalls and walking hawkers sell a huge array of technicolor star-shaped lanterns and traditional toys hand-crafted in paper and bamboo. There are animal face masks that kids decorate and paint, while vast piles of drums give a not very subtle hint that you’ll be staying up late on Mid-Autumn Festival (whether you want to or not).

Traditional mooncakes are given a modern twist in some establishments

Speaking of which, when it comes to the big night, prepare for a brilliant sensory overload. Families gather together across the city as they seek out spots to watch the full moon – it represents prosperity and fullness in life – just one of many traditions that have passed down through the generations. Hanoi’s lakes and bridges in particular draw visitors in their tens of thousands. Paper lanterns soar skywards, there are street puppet shows, lion dances and live music, markets and incredible food at every turn.

Even on a normal day, Hanoi easily ranks as one of Asia’s finest eating destinations. The late Anthony Bourdain called Vietnam “My first love; a place I remain besotted with, fascinated by”. He was famously joined by President Obama for a bowl of bun cha grilled pork noodles at Bun Cha Huong Lien, now a popular stop on the tourist trail. Forget the seated photo opp, however, as the table in question is today encased in glass and hangs on a wall – but the bun cha is just as sensational as ever.

Eating at Mid-Autumn festival is largely about street food and snacks, so follow your nose – and other customers – to any intriguing, steaming bowl or grill. One dish that is absolutely fundamental to the Festival is known as mooncake, or Bánh Trung Thu. You certainly won’t miss them as they’re absolutely everywhere, and are offered by friends and family while celebrating – tuck in.

Round or square, they’re usually baked or occasionally made from sticky rice, with fillings that can include combinations of salted egg yolk, dried sausage, mung bean paste, sugared pork fat or lotus seed. As you can guess, they’re not exactly diet-friendly. Increasingly, however, there are more contemporary and slightly less decadent versions on offer, so look out for caramel with dried fig or pistachio and coffee flavours, both on offer at L’Epicerie du Metropole.

While the flavours and some of the customs of the Mid-Autumn festival have transformed over the years, this is still a hugely special time to visit Hanoi. The cooler and milder weather, the rich cultural kaleidoscope and one of the country’s biggest national holidays all combine to ensure that there are few better chances to get to know the Vietnamese capital like a local.

According to a report on Independent

Traders Fair & Gala night Vietnam 2018

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Stocks, Forex, cryptocurrency, futures&options – Fantastic show like nowhere!

Timing: November 24, 2018

Location: Ho Chi Minh, Vietnam (Windsor Plaza Hotel, Saigon)

Traders Fair & Gala night – financial event for traders and investors, which is going to take place in Vietnam on the 24th of November 2018 (Windsor Plaza Hotel, Saigon). The best trading experts, companies, money brokers and banks from all over the world are going to share out their experience and to find out new up-to-date information about cryptocurrency, forex, stocks, futures and options markets. Also Traders Fair & Gala night is going to be full of educational programs and entertainment. To register online now for free, you should visit https://vietnam.tradersfair.com

Traders Fair & Gala night, Vietnam is attracting the world of traders to one place during one day. This is the confluence of favorable conditions in one system, which brings profit to its participants. The leaders of the industry are going to come together in one place and to have an exchange of knowledge and experience. No doubt you need expertize and capital to work in the stocks, futures, options and forex markets as it will become the initial ticket to the world of big trade. Participants who have capital while entering the market become investors. And you may be a part of this fabulous event! Educational speeches from top speakers, entertainments, live shows, music and incredible prizes included in the agenda.

Traders Fair & Gala night – Vietnam is organized by FINEXPO, which is the largest company organizing financial and trading events, fairs, expos and shows worldwide since 2002. List of its projects seems quite long. Here you can find Financial Expo, Traders Fair, Traders Awards, Forex & Money Expo, Forex Expo Awards, Money Fair, Investor Expo, Golf Expo, Banking Expo, Online Trading Expo, etc. Over 30000 traders, investors and financial advisors and more than 3 000 financial companies and brokers from Forex, stock, option, bond crypto money and forward markets from all around the world have been connected by FINEXPO. The positive feedback from participants is the best prove of effective and successful work done by FINEXPO.

Traders Fair & Gala night is sponsored by leading brands such as Australian Forex Marketplace (Grand sponsor), FIBOGroup (Silver sponsor), RPNPay, OlympTrade. To say more the organizers of event offer you different variants of recommended accommodation, so you can focus on agenda and don’t lose you time, thinking about accommodation and everything.

You are welcome to visit https://vietnam.tradersfair.com to find out more information about Traders Fair & Gala night.

‘Miss Saigon’ kicks off U.S. tour at PPAC

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Since its premiere at the Theatre Royal in London in 1989, “Miss Saigon” has become a legendary musical shown in theaters all over the globe to high acclaim.

The impossible love story of a young Vietnamese woman, Kim, and an American G.I., Chris, has captivated the hearts of audiences for decades. The show has won numerous awards, including three Tonys, and had the 13th-longest-run in Broadway history.

With much anticipation, producer Cameron Mackintosh and creators Claude-Michel Schönberg and Alain Boublil have revived the musical and are embarking on a national tour, starting at the Providence Performing Arts Center on Friday.

“I’ve always found Providence to have the space for us to take time to get a show up properly, which you don’t always get in other markets,” Mackintosh said about the choice of PPAC for the show’s premiere.

“The Providence Performing Arts Center was actually built for ‘Miss Saigon,’ as it was built for ‘The Phantom of the Opera.’ Those were the two shows of mine … 25 years ago, when the theater was thinking of expanding the cinema stage into a full Broadway stage,” he said. “I feel very proud to be a catalyst in this city and how it has thrived on the back of what was a gamble for them. For the big shows, there’s a terrific local audience.”

Highlighting the cast is Emily Bautista playing Kim, Anthony Festa in the role of Chris and Red Concepcion playing The Engineer.

“It was hard; it took over a year,” Mackintosh says of finding the right cast for this run. “One of the problems with casting ‘Miss Saigon’ in America is that there are second and third generations of Asians that have completely assimilated themselves into American culture.

“That doesn’t completely translate to the central concept of ‘Miss Saigon’ due to the mistakes and the horrors happening. So in casting, we have to find people who are genuinely Asian, so it’s a different culture. That’s much harder to find because people are so assimilated to the American way of life.”

Mackintosh continued, “We’re often finding, as we did with our original star, Eva Noblezada, who we had in London after finding her in a high school in America, that Filipino culture fits in well with casting. If it weren’t for them, then ‘Miss Saigon’ would have never had the run it did.

“There’s something about their background, that they were a Spanish colony and then an American colony, and yet they’re still very much an Asian country.

“Take it to this material, and bring both the technical ability to deliver a big score like this one to a Western musical, while at the same time they understand the story from the nature of their culture.”

Sometimes a great musical or a play can reflect the times of today, no matter if it was written 30 years ago. Both Schönberg and Boublil believe that ‘Miss Saigon’ still has cultural significance and relates to the current political and social climate.

“The story of ‘Miss Saigon’ is timeless,” Schönberg said. “It’s about the sacrifice of the mother for her child. This has been existing for thousands of years and it will continue to exist for thousands of years.

“That’s basically the story we wanted to have, while at the same time it’s the story of two people from totally different cultures falling in love. Using the background of the war in Vietnam in 1975, and people leaving the dictatorship and an oppressive regime, is more relevant than ever. It’s more relevant than it was even 10 years ago.”

Schönberg continued, “When we wrote it, it was the very end of the Communist regime in the Soviet Union and the world was split in two parts. Today, you have so many places in the world where similar things are happening, like in Syria, Afghanistan, Libya, all of Africa and Venezuela, for example.

“I think that everybody understands that when you are leaving a country where you don’t know if you’re going to eat, you want freedom and you want to survive. We have the American dream, but to others it can be the European dream or the British dream or the Colombian dream for the people living in Venezuela.”

Boublil added, “If you take this story from the prospect of The Engineer, he’s someone who organizes things to his advantage because he believes more in his version of the American dream than anyone else.

“It’s a kind of crooked version of it, and today there are ‘engineers’ everywhere trying to help people all over the world go from one country to another one which is supposedly a happier place.

“I see these ‘engineers’ everywhere on television. They are these people who think they can take advantage of a difficult situation.

“The character in the show has all these faults because he’s a pervert, and at the same time he has the purity of his beliefs. What he believes in is that having more money or having more of everything makes you a better man. He can’t be more perverted, but at the same time, I see many people like that on television today.”

According to a report on Providence Journal

HCM City apologises to local residents for shortcomings at Thu Thiem project

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The municipal People’s Committee organised a press conference yesterday morning to take responsibility and apologise to local residents about the situation in the Thủ Thiêm New Urban Area.

“The HCM City People’s Committee sincerely apologises to residents, especially households on an area of about 4.3 hectares outside the planning zone in District 2’s Bình An Ward,” said Võ Văn Hoan, head office and spokesman of the city People’s Committee.

“The committee is taking responsibility with the Prime Minister and the Government because it did not follow what was approved,” he added.

“The city will seriously implement all conclusions of the Government Inspectorate and deal with complaints about Thủ Thiêm New Urban Area in District 2,” he said.

“All will be done in accordance with laws, to ensure people’s rights, and maintain the benefits of the State, investors and individuals who are using land in district 2.”

The city will review each case, especially the households on an area of about 4.3 hectares outside the planning zone in District 2’s Bình An Ward to offer compensation, support and resettlement support for the people.

At the conference, the committee pledged to meet with representatives who had sent complaints about land violations in the Thủ Thiêm New Urban Area. They will complete their compensation policy before November 30.

Trần Vĩnh Tuyến, deputy chairman of HCM City People’s Committee, said that the city would review Thủ Thiêm’s compensation and if they discovered violations, the land would be auctioned for compensation.

Tuyến also pointed out that the master building plan for Thủ Thiêm had been taken many years, and there had been many mistakes.

“The current administration will try to fix these mistakes,” he said.

The city will review and handle organisations and individuals involved in the approval of planning and adjusted plans for land acquisition, compensation and resettlement, as well as those charged with archiving records, documents and maps.

“All organisations and individuals in violation will be fined before November 30,” Hoan added.

Tuyến reported that more than 100 households on 4.3 hectares outside the planning zone in District 2’s Bình An Ward of around 14,500 households in Thủ Thiêm have been complaining for years, saying that their land outside the zone was approved by the Prime Minister in 1996 but had still been cleared.

“The city will focus on reviewing and offering compensation for them,” he said.

However, local authorities have not been able to identify the exact border of the 4.3 hectares outside the planning zone to decide who gets compensation.

“District 2 is calculating business areas or markets for local residents to earn a living. The compensation policy is being drafted and will soon be submitted to the city,” Huỳnh Thanh Khiết, deputy chairman of District 2 People’s Committee, said.

On September 7, the Government Inspectorate blamed the HCM City People’s Committee, the Ministry of Construction and the Government Office for shortcomings in submitting, evaluating and advising resettlement areas in the Thủ Thiêm new urban area.

The Government Inspectorate’s conclusion related to complaints made by residents of Thủ Thiêm in HCM City’s District 2 also showed that site clearance and resettlement compensation procedures might have been violated.

According to the inspectorate, Thủ Thiêm was designed to be a modern, sustainable urban area with regional scale and standards.

However, during the process of implementing the project, the city’s People’s Committee and relevant departments had allowed wrongdoings, prompting complaints from residents.

The inspectorate said that the Prime Minister’s Decision No.367 approving the master plan for the new urban area was competent and effective.

However, the city’s People’s Committee, the Ministry of Construction and the Government Office had allowed the plan to be extended by 10 hectares compared to the area assessed by the MoC.

Some important files attached to both Thủ Thiêm and a 160ha resettlement area were reportedly missing.

Another document submitted by the city asking the Prime Minister to issue a decision to recover the entire area of land planned for Thủ Thiêm reportedly lacked exact boundaries and the location of the resettlement area.

The inspectors also found that the implementation of some projects inside the Thủ Thiêm new urban area lacked a legal basis.

The Government Inspectorate also pointed out that the process of compensation, site clearance and resettlement assistance had seen many violations, such as improper implementation of the 2003 Land Law, no plan for compensation and ground clearance, and no plan to build a resettlement site prior to site clearance, resulting in complaints about compensation and support policies.

The municipal People’s Committee’s plans for the recovery and allocation of land for the construction of resettlement areas were found to be incompetent, violating regulations such as not having resettlement sites in place in accordance with the plan approved by the Prime Minister.

More seriously, the Government Inspectorate also pointed out that the People’s Committee had violated the law by formulating, submitting and approving a plan to revoke the 160ha of resettlement land approved by the Prime Minister.

As a consequence, the development of the area was stalled by residents’ complaints.

According to a report on VNS

5G will transform Vietnam’s economy

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Denis Brunetti, president of Ericsson Vietnam, Myanmar, Cambodia, and Laos sheds light on the preparation for 5G, and how the technology will benefit Vietnam and its industries, and accelerate the Fourth Industrial Revolution.

Can you tell us about Ericsson’s preparation for the launch of 5G networks globally and in Vietnam? How is it going?

We are expecting the commercial launch of 5G globally later in the year. The North American market will be first, followed shortly thereafter North East Asia. The commercial launch in Vietnam will likely be in 2020-2021 timeframe, with trials beginning as early as in 2019.

In terms of preparation, there are a lot of planning ongoing. It’s important to understand that 5G, unlike its predecessors, requires a lot more collaboration between governments, enterprises, and Ericsson as the vendor. 5G impacts enterprises and industries more than its predecessors, which were more about personal communication and the more pervasive use of the internet over mobile devices. 5G moves into the enterprise space and digitally transforms industries.

For that reason, there would require more co-operation, collaboration, and planning by enterprises as well as education institutions to make 5G a reality. The latter needs to work on vocational training, data science, and other things that will be required to stimulate the capabilities needed for future jobs.

Most people think that implementation of 5G technology would be complicated in Vietnam. What are your thoughts on this? And what are benefits can we expect from the new technology?

In fact, Ericsson has made implementation easy. 4G technology was introduced in Vietnam in 2015, and we have 50-per-cent of the market share in 4G across operators in the country. That technology is 5G-ready as the radios can be upgraded to 5G with remote software installations. So when we launch 5G, we can unleash it across the current 4G infrastructure.

Industries that will benefit the most from 5G are those that can leverage on the high speeds, ultra-low latency, and ultra-high reliability that 5G provide to create innovative products or services. 5G and the Internet of Things (IoT) will bring digital transformation to all industries. These technologies will digitally transform all other industries, making them more efficient, more cost-effective, more affordable, and more accessible to more people.

5G also has the potential to drive new revenue streams. Ericsson’s 5G Business Potential report estimates that for Vietnam, there will be an additional $3.17 billion in revenue opportunities for telecom operators addressing industry digitalisation with 5G technology. The largest opportunity for operator-addressable 5G-related revenues will be in the manufacturing and energy and utilities sectors. We want to help operators realise the value of 5G as well as support the acceleration of the Fourth Industrial Revolution for the benefit of Vietnam.

How will 5G technology affect the need for cybersecurity?

Cybersecurity is always important, of course, especially in Vietnam, where last year, you had 13,000 cyber-attacks on enterprise websites. Half of those were malware attacks. The government is aware that with 5G, such attacks could have an even greater impact, as they would affect mission-critical applications, for example in autonomous vehicles, drones, and mobile health. Clearly, cybersecurity is important here. That is why at Ericsson, we follow the concept of ‘Security by Design’. That means we build security into our products from the very beginning, we don’t wait until later. That security needs to be end-to-end, because it has to cover the network, the devices, and the applications.

How are you planning to support the Vietnamese market further?

Clearly, the expansion of our 4G networks and the planning for the 5G launch are the preparation for the future and are accompanied by startup support programmes. But training and education are also important for the future. The current forecast is that 56 per cent of the ASEAN’s workforce will be displaced as part of the Fourth Industrial Revolution. That doesn’t mean they will all lose their jobs. In fact, thousands of new jobs will be created in the region. So it means that jobs and workers are transferred to new areas that require different set of skills to adapt with the transformation. As most manufacturing workers, especially in Vietnam, are women and will be most affected by this, we also plan to bring more education and skills to women as part of a ‘Women in ICT’ programme. We’re proud to be an industry leader in Vietnam and we’re committed to contributing to the country’s development for the next 25 years and beyond.

According to a report on VIR

Japanese expats at ease in Vietnam

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After moving to Vietnam to work in the most vibrant city in Vietnam, Ho Chi Minh City, in 2016, 30-year-old bank officer Ms. Sasaki Kaku has decided she will try to live here as long as possible.

“I came to Ho Chi Minh City after graduating after finding a job a Vietnamese friend from university told me about,” she said. “I wanted to challenge myself with a new life away from home and with differences in culture.”

Initial impressions

Like other foreigners, Ms. Kaku’s biggest difficulty has been the language. Working for a foreign bank, it’s not a problem at the office as she communicates with staff and business partners in English, and most people she deals with are foreigners. But it’s a different story outside of the office.

“Vietnamese is very complex in both vocabulary and grammar,” she said. “Vietnam is famous for its street food and culture, but the language barrier can be a problem.”

But Ms. Kaku quickly adapted by making many Vietnamese friends. “I learn Vietnamese from friends or by chatting on Facebook,” she said “After just a year, though I wasn’t fluent, I was able to communicate and am now quite confident about my Vietnamese skills.”

Living in Vietnam for a year already because of her husband’s job, Ms. Kobayashi Kami also had difficulty with the language when she first arrived. She lives in Hanoi, is pregnant, and teaches Japanese at a Japanese center near her apartment.

“When I want to explain a new word to my students, I often use of my English skills, a few Vietnamese words, and body language, or get help from the teaching assistant,” she said.

But she has learned a lot of Vietnamese from her students and teaching assistants. “When we have a break, I talk to my students about their daily lives, good restaurants, famous street food, and places I should visit in Hanoi and elsewhere.”

While Ms. Kaku and Ms. Kami have had language difficulties while living in Vietnam, office worker Ms. Yamamoto Ohio has been in Vietnam for eight years and remembers that when she first moved here it was the traffic that concerned her. She even had trouble crossing the street.

“I felt that everything was moving too quickly and that drivers seemed like they wanted to crash into me,” she laughed. Eight years on, the traffic is no longer a problem and she hopes to live here for quite some time.

Not only Japanese but most other foreigners living and working in Vietnam have common difficulties in the language and the traffic, but after a while adapt and love Vietnam more and more.

Good place to stay

Many Japanese say that Vietnamese are so friendly and helpful, which helps them quickly settle into an unfamiliar environment. Their friendliness first made a strong impression on Ms. Kami when she studied with Vietnamese students in Japan. “Some students at the Japanese center have become my friends,” she said.

“They help me practice Vietnamese, take me to good restaurants, introduce me to their friends, and show me the local culture and scenery.”

A large number of Japanese have fallen in love with Vietnamese and gotten married, like Ms. Ohio. As well as being married to a Vietnamese man, she has found other reasons to love life in Vietnam.

“My husband was my first Vietnamese friend and took me around on his motorbike to help me get accustomed to the traffic,” she said. “Like many Vietnamese, he was just so friendly.”

As well as friendly people, Vietnam also boast a multitude of delectable food that most foreigners love, such as “pho”, “bun cha”, and “banh my” (bread). Mr. Suzuki Kawajiri has lived in Hanoi for two years and said Vietnamese food made a strong impression on him as soon as he arrived. “There’s plenty of choice, including cheap and high-end food, and they’re all delicious,” he said.

He has a special fondness for Hoi An bread and also egg coffee, which he drinks in the Old Quarter. When he sips on a cup of coffee on the weekend and looks around, he finds Hanoi to be quite peaceful.

Another attractive feature of Vietnam for many Japanese is its beautiful scenery. “Vietnam also has different habits and customs, which stoke my curiosity,” Ms. Kaku said.

“I love Sapa with its cold weather and Dao children, and the peace of Hoi An.” She hopes to live in Vietnam for a long time and explore its culture and visit famous destinations.

Many long-term Japanese expats say the cost of living in Vietnam is more reasonable than elsewhere in the region, including Ms. Ohio, whose salary more than covers her needs. There are different options to choose from, she said, depending on need and cost.

More foreigners have been coming to Vietnam recently, especially Japanese and South Koreans, as the country pulls in more investment. The Japanese have created large communities in main cities, with most Hanoians thinking of Kim Ma Street, Linh Lang Street, and Dao Tan Street in Ba Dinh district as having many Japanese people. There’s also a Vietnamese-Japanese Cultural Center on Nui Truc Street, off Kim Ma, where people can study the Japanese language, and the Embassy of Japan is on Lieu Giai Street, off Kim Ma and near Dao Tan and Linh Lang.

The number of Japanese living in Ho Chi Minh City is also rising and Japanese culture is even more easily found than in Hanoi. “Little Japan”, an area bounded by Le Thanh Ton, Ngo Van Nam, Thai Van Lung, Thi Sach, and Hai Ba Trung Streets in District 1, and Japan Oishi Town are the two biggest and are popular among Japanese and Vietnamese alike.

Not only does Ms. Kaku want to stay a long time in Vietnam, she also wants to change the way Japanese think about the country. “Japanese that have never been Vietnam think its polluted and that some Vietnamese are untrustworthy,” she said. “I know better – this is my second hometown.”

According to a report on Vietnam Economic Times

Vietcombank secures approval to increase charter capital by 10%

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Vietnam’s largest lender by market value Vietcombank (VCB) has secured the approval to increase its charter capital – or capital structure of a shareholding company – by 10 per cent under the private placement plan, according to an announcement by the State Bank of Vietnam (SBV) on September 19.

Under this decision, Vietcombank is allowed to increase its charter capital from VND35.977 trillion ($1.54 billion) to VND39.575 trillion ($1.7 billion). “Vietcombank is responsible for raising charter capital in accordance with the law,” the SBV said in a statement. “This decision is valid for 12 months from the signing date.”

The shares will be offered to foreign institutional investors with financial strength, which may include one or more existing shareholders of Vietcombank and no more than 10 investors.

In April, the Hanoi-based lender said, it would offload a 10 per cent stake to a maximum of 10 foreign investors in the first half of this year after it received government approval for the sale.

Earlier, the Nikkei Asian Review reported that Singaporean sovereign wealth fund GIC Private Limited was likely to become a significant shareholder in Vietcombank when the latter offloads a 10 per cent stake to foreign investors after receiving government approval.

Vietcombank Chairman Nghiem Xuan Thanh said, Japan’s Mizuho Bank, the bank’s largest foreign shareholder with a 15 per cent stake, is entitled to buy more shares to maintain its holding at the bank.

Vietcombank is one the few banks with foreign ownership of 9.12 per cent stake while the ratio in state banks is capped at 30 per cent. With the aim of increasing capital through issuing shares, the bank earlier expected to complete the transfer of 7.7 per cent stake to GIC in 2016. The deal, however, failed due to disagreement on the share price.

Not only Vietcombank, other lenders in the country are also seeking to increase their charter capital. The Bank for Investment and Development of Vietnam (BIDV) earlier announced its plans to increase its charter capital this year by 28 per cent, compared to the end of 2017.

Meanwhile, the World Bank’s International Finance Corp (IFC) is seeking a buyer for its stake in Vietnam Joint Stock Commercial Bank for Industry & Trade, the country’s third-largest lender by market value, according to Bloomberg.

According to a report on Dealstreetasia

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