42 people tested positive for AIDS in Phu Tho

Advertisements

42 people have been tested positive for HIV virus in a commune in Phu Tho Province as the health ministry are investigating into possible AIDS infections allegedly caused by a local doctor.

The figure was announced in a press meeting held late Monday afternoon by Phu Tho Provincial People’s Committee.

According to the committee’s deputy chairman, Ha Ke San, 42 people have been diagnosed as HIV positive so far in Kim Thuong Commune, Tan Son District. San said that this is a high rate in the area but not the only cases in the country as statistics show that at present 61 communes have the same rate of HIV infections.

“Now our first priority is to make sure that all infected people receive proper treatment,” San said.

Deputy director of Phu Tho Provincial Department of Health, Le Quang Tho, said that 490 local people have come for HIV/AIDS testing and 42 people have been found positive.

Addressing the meeting, a representative from the Ministry of Health said that they are still investigating the cause of the infections.

“There have been complaints from infected people that they got the virus from a local doctor who used the same needles for multiple patients but we need further investigations as the HIV virus can be transmitted through various ways,” the ministry’s representative said.

Nguyen Hoang Long, head of the Ministry of Health’s Department for HIV/AIDS Prevention and Control, said that they would carry out a survey on the infection situation in the whole area first and then look into individual cases.

Around one month ago, a 59-year-old woman in Kim Thuong Commune was diagnosed as HIV positive. She was extremely shocked at the news as she only stayed at home farming, while her husband was tested negative for HIV. So she did not know how she could be infected.

The woman said that she used to get injections at the clinic owned by a doctor who was working at Tan Son District General Hospital.

Kim Thuong is a remote area, so when local residents have health problems, they often come to this clinic, instead of coming to hospitals.

Local people suspected that the doctor might have used the same needles with patients, which could be the cause of the woman’s HIV infection.

A report from Phu Tho Health Department said that five people have died from HIV/AIDS in Kim Thuong Commune over the past three years.

According to a report on DTinews

My Time with the Coffee King of Vietnam

Advertisements

I have been photographing Vietnam for 21 years, and returned last fall to see what had changed. I was especially interested in new wealth as there haven’t been millionaires there until the last few years. I wondered what wealth looked like in a Communist country.

In Saigon I stayed with my friend Phuong Anh Nguyen, who escaped by boat when she was 13, returned to Vietnam at 24, and now runs the hottest bar in Saigon, the Q-Bar. She is also one of the most beautiful women I have ever seen. When I asked Phuong Anh whom I should meet, she immediately suggested Dang Le Nguyen Vu, someone she referred to as the “Coffee King.” She arranged for me to meet him, as she knows everybody. Catherine Karnow, contributing editor at National Geographic Traveler reported in 2012.

The Coffee King’s 12th-floor office is on a street full of “hair salons,” shops that are fronts for service girls. He greeted me in his grand 12th floor office and offered me a perfect espresso, then we sat down to talk. He watched me intently while I spoke; I knew that he was judging me.

I must have impressed him, though, because he invited me to spend three days at his ranch. As the Coffee King never poses for photographs, I felt honored, but nervous, too. I wondered why he was allowing me into his life, and what he would reveal.

A week later I found myself way up in the green misty highlands of Vietnam, listening to him tell me how he was going to change first Vietnam, then the world, through coffee.

The Coffee King owns Vietnam’s most successful coffee company: Trung Nguyen Coffee, which is as ubiquitous as Starbucks. Vietnam is the second biggest exporter of beans in the world, so that makes the Coffee King pretty rich.

The ranch house was in the traditional style of the region – one story, long, and not large – but oddly decorated inside. The living room was filled with imposing busts of revolutionary figures – Napoleon, Che Guevara, Mao Tse Tung. He told me he talks to the busts and gets inspiration for how to change the world.

There was also an immense autographed photo of him with General Giap — one of the world’s greatest living generals (he’s 100 as I write this) — who is responsible for winning Vietnam’s independence from both France and the U.S. I myself have spent much time with General Giap, and my photographs of the general are considered his official portraits. Later I realized this was why the Coffee King had allowed me into his world.

But we didn’t spend time inside surrounded by busts; we sat at an old scratched wooden table in the Chinese style pavilion outside. For such a rich man, his furniture was very simple, a reflection of a culture of austerity that dates back to Ho Chi Minh.

Also known as “The Chairman,” Mr. Vu’s life revolves around coffee. (Photo: Catherine Karnow

For two days and two nights, the Coffee King smoked cigar after cigar and, in an operatic sing-song voice, spoke sadly about his love for the Vietnamese people and his deep despair for their future.

He pointed to his head and asked, “Why do you think I have no hair?”

“It is from stress. I do not sleep,” he said. “The people are too passive; they just do what they are told. The Vietnamese people are our greatest resource, and yet we are failing to show the world who we are and what we are capable of! We have no identity!”

The key to change, he said, was in the Vietnamese people — if they would only “wake up.”

I wondered whether he was voicing his frustration with the government, which censors freedom of expression, but he was quiet on this point. Indeed, in Vietnam, as others had told me, it is not what you do, it is what you say, that can anger the government.

Then, with eyes narrowed, gesturing with his Cohiba, he declared that everyone should embody the “coffee spirit.” But he was vague on the particulars; I wondered if he had a plan.

On my last night, I pressed the Coffee King for more. I wanted to know exactly how he was going to change Vietnam, and then the world, with this coffee spirit. In his flowing white tunic and matching pants, he resembled a prophet. He leaned forward and told me his vision. “My coffee shops,” he said, “will be gathering places where people, especially young people, will exchange ideas, where they will express themselves in all ways, through conversation, performance, art, workshops, lectures. Exciting and influential people will come and teach, and the people of Vietnam will wake up, be enlightened, and be inspired to think creatively and bring change to their country!”

As we sat at the old table on the pavilion, a light rain pattering on the roof, his Arabian horses stamping about in a nearby barn, I saw a man whose vision was clear because his love for his people was unwavering. I was seeing not only an individual with an intention so strong he would stop at nothing, I was also seeing the Vietnamese spirit, that indomitable force that keeps them focused on the goal no matter what the cost.

25 Inspiring Photos to Make You Visit Vietnam at Least Once in Your Lifetime

Advertisements

The truth is, Vietnam deserves a fairer look into its beauty than just a trip to Ha Long Bay, a bowl of noodle soup and a cup of coffee. The landscapes are majestic, the history and culture are fascinatingly rich, and the people are amazingly friendly. Whether you are a gourmand, a history addict, a mountain hiker, a trek lover or a leisure traveler, the country certainly has immense options for experience seekers—take a look at 25 stunning photos on The Culture Trip to get a dose of inspiration before traveling to Vietnam.

Lan Ha Bay, a hidden gem and alternative to Ha Long bay | Kenznguyen / Pixabay

Rice terraces in Mu Cang Chai | © Nguyen Anh Tuan/Flickr
Moc Chau, a rural district in the Northwest region of Vietnam | © Ngoc Vu/Flickr

Sunset in Phu Quoc Island | © Lenny K Photography/Flickr

Hoi An Ancient Town | © Khánh Hmoong/Flickr

Morning in Bac Son Valley, north of Vietnam | © Hoang Giang Hai/Flickr

Vietnam’s mountain view | tpsdave / Pixabay

Hoan Kiem Lake in central Hanoi | © Khánh Hmoong/Flickr

Sunset in Co Thach Beach, home to a majestic landscape with colourful rocks covered in moss | © Lê Anh Khoa/Flickr
Vietnam’s mountain pass | Robert_z_Ziemi / Pixabay

Tam Coc Rice Valley in Ninh Binh | © Hoang Giang Hai/Flickr

H’Mong King Palace in Dong Van stone plateau | © Khánh Hmoong/Flickr

Fishing boats in Phan Thiet, a coastal port city in southeast Vietnam | ©

Life on the railway line in central Hanoi | © Esin Üstün/Flickr

Sunset in Mekong delta | © Jos Dielis/Flickr
A collage of old apartments in Hanoi | © Huong Chi/Flickr
Street food market in Ho Chi Minh City | © William Cho / Flickr
Women weaving fishing nets in Nha Trang, a coastal city in Vietnam | © Khánh Hmoong/Flickr

A cluster of electric wires in Ho Chi Minh City | © Soreen D/Flickr

The Imperial City of Hue | © Chris Hoare/Flickr

Never pho – get this | © DeaShoot/Flickr

The Cao Dai’s followers | © Jean-Pierre Dalbéra/Flickr

Bai Dinh Temple in Ninh Binh | © Jean-Paul Navarro/Flickr

Boat rides around Tam Coc rice terraces | © Tuan Mai

Old grocery shop in Hanoi | © Khánh Hmoong/Flickr

Foreign fast food giants defy losses in Vietnam

Advertisements

Fast food giants are still betting big on the Vietnamese market, despite ongoing losses and sluggish performance.

In the red

In Vietnam, Lotteria and KFC are considered the leading fast food brands. However, the financial statement of Lotteria showed that the fast food chain recorded after-tax losses were VND118 billion ($5.22 million) and VND135 billion ($6 million) in 2015 and 2016 respectively. By the end of 2016, Lotteria’s accumulated losses were more than VND413 billion ($18.27 million), while its charter capital reached only VND433 billion ($19.16 million), as reported by local media.

In the meantime, Lotteria’s competitor, KFC also reported losses with a low profit margin at around 15 per cent in 2016. This was even lower in the previous year, at only 10 per cent. As a result, KFC lost VND25 billion ($1.1 million) in 2015 and made a profit of VND15 billion ($664,000) in 2016.

The Fast Food in Vietnam report by Euromonitor International reveals that many international fast food brands in Vietnam have declined in 2017, including Burger King, Popeyes, Subway, and Carl’s Jr. Lotteria and KFC, despite maintaining their leading positions in 2017, only recorded very low-value sales growth.

When VIR contacted Vietnam Lotteria Co., Ltd., marketing manager Truong Ham Liem did not deny these above-mentioned losses. He said that Lotteria’s market development plan focuses on the expansion of outlets. Lotteria invested heavily into developing and advertising its chain of outlets between 2014 and 2016.

“It is only when Lotteria achieves its intended scale that the company will consider profitability,” Liem said, adding that the Vietnamese market is growing rapidly, so Lotteria continues to invest in the market to achieve the company’s original goals despite the losses.

“The scale of Vietnam’s fast food market has yet to hit the profitable point, so the chain is committed to ongoing investment,” Liem said. “In 2017, Lotteria continued to increase the number of its outlets, which will lead to revenue growth and shrinking losses. The fast food chain is expected to generate profits this year.”

According to Sean T. Ngo, CEO of VF Franchise Consulting, there are many reasons for ongoing losses among foreign fast food chains, despite having been present in Vietnam for years. It is a combination of increasing competition for both local and foreign companies, high rental costs, and limited supply of affordable premises.

Other reasons include a supply chain that needs significant improvement and depth in terms of the number of qualified suppliers in Vietnam, fast-rising labour costs as evidenced by nearly annual increases in minimum wages throughout the country, and generally lower disposable incomes as compared to many regional neighbours.

“The good news is that many of these areas are improving over the medium to long term,” Ngo said.

Indeed, Vietnam’s fast food market’s size has almost doubled in the last five years, from VND11.84 trillion ($524 million) in 2012 to VND20.22 trillion ($894.7 million) in 2017, at a compound annual growth rate of 11.3 per cent. Moving forward, the market is expected to hit VND24.99 trillion ($1.11 billion) by 2020, according to Euromonitor.

New growth

Over the last 10 years, fast food brands have sprung up across Vietnam. It is very easy to find a fast food store with modern furniture, glass doors, and cool air conditioning. The density of fast food outlets is increasing, not only in the commercial centres and big cities, but also in other provinces. Fast food companies have proactively conducted franchising to open more and more new stores in lucrative sites.

Currently, Lotteria and KFC have the largest number of stores in Vietnam. Lotteria opened in Vietnam in 1998 and leads the fast food industry with 222 stores nationwide now. It had 140 stores by late 2012, which rose to 207 in 2015, meaning Lotteria increased the number of its locations by 150 per cent between 2013 and 2015, and over 20 stores were launched each year.

Meanwhile, KFC, the world’s most popular chicken restaurant chain, has been present in Vietnam since 1997, when Vietnamese customers were still unfamiliar with the concept of fast food. KFC suffered losses for seven consecutive years. The increase in the number of stores was very slow, reaching 17 stores after seven years. KFC then adjusted its strategy, and the number of stores rose to 100 in 2011.

During the most exciting phase for fast food, 2012-2015, the number of KFC outlets rose to 140 across 18 cities and provinces. The number remains unchanged now.

Another brand developing well in Vietnam is the Philippines’ Jollibee, which has taken part in the Vietnamese market since 1996 and marked the milestone of 100 stores in 2017. Jollibee Food Corporation (JFC) has recently gained a controlling stake in SuperFoods Group, which owns and operates Highlands Coffee and PHO24.

Ernesto Tanmantiong, JFC’s president, is upbeat about the outlook in Vietnam. “Vietnam is growing fast and has a young population, and both Jollibee and Highlands Coffee are growing very well. We are very excited about Vietnam, because it will be a large consumer country due to its population, and there is a lot more room to grow,” Tanmantiong said.

Meanwhile, McDonald’s, which began operations in Vietnam in 2014, has launched only 17 outlets so far. Explaining this modest figure, Nguyen Huy Thinh, CEO of McDonald’s Vietnam, told VIR that the McDonald’s strategy is to ensure good performance in every outlet.

“The speed of opening will become faster and the target of 100 stores within 10 years is possible,” he said, noting that the business results of McDonald’s are very positive, with annual growth rates of 30-40 per cent.

According to Euromonitor, Lotteria maintained the leadership position on the market in 2017 with 17.9 per cent of market share, followed by KFC (11.4 per cent), Jollibee (8.3 per cent), and McDonald (1.7 per cent).

Moving forward

Fast food brands are urged to switch their development strategies to reverse the slump. Ngo noted that some fast food chains are already making profits, while others are still struggling and a few have clearly failed and exited the market.

Fast food chains that are open to localisation of menu items and sourcing while maintaining their quality and service standards are more likely to succeed than those that have to import nearly every raw material into the country, thereby facing higher costs.

“Some chains are also realising that smaller footprints are critical to success as they cost less and, if the location is chosen correctly, can generate more returns and thus revenue for the company. KFC and Lotteria are slowly, but surely heading in the right direction and towards better profitability, as branding power and economies of scale become ever more important in an increasingly competitive market,” he said.

Ha Noi authorities to revoke licences of long-delayed projects: Chairman

Advertisements

Authorities in the capital plan to get tough on slow construction projects.

Hà Nội People’s Committee Chairman Nguyễn Đức Chung recently said 47 construction projects running behind schedule will be discontinued and have their licences revoked.

He was speaking at a hearing on the delayed progress and legal violations plaguing projects implemented with Government capital, held by the city People’s Council yesterday.

Nguyễn Thị Bích Ngọc, chairwoman of Hà Nội People’s Council, said land is one of the most important resources for the development of the city.

The council’s inspection of eight municipal departments and 30 localities found vast tracts of land idle where construction is supposed to be happening, “affecting people’s lives and production activities,” Ngọc said.

From the beginning of the year to August 10, the city authorities have approved and granted land for 1,023 projects using Government’s capital to the tune of VNĐ846.2 trillion (US$36.1 million).

Of these, Hà Nội Department of Environment and Natural Resources reported only 161 projects are behind schedule and possibly violating land law, while the People’s Council inspection showed the number might be as many as 383, mostly in the outlying districts of Hoài Đức, Mê Linh and Nam Từ Liêm.

People’s Council delegations at the hearing pointed out several projects that have been on hold for more than a decade, and asked for immediate measures to address this waste of land resources.

Nguyễn Trọng Đông, director of the municipal environment and resources department, said that in 2013, the new land law was adopted, causing many already approved projects to undergo modifications and experience delays in land clearance.

In 2012-15, a period when the real estate scene was lukewarm, land developers were not “proactive in co-operating with local authorities to resolve their problems, leading to additional delays,” Đông said.

Chairman Chung said while the cause for these issues was mostly to do with the contractors’ limited capabilities, the municipal finance and planning departments are responsible for vetting these contractors before granting them projects.

Nguyễn Mạnh Quyền, director of the municipal planning and investment department, said the department will review each delayed project and help investors overcome bottlenecks.

The department will name and shame investors who failed to follow through their commitments and decline future investment applications.

According to Chung, Hà Nội is building a database and management software, one that will compile all projects under the management of different departments in the city, to exercise better control of projects using Government capital.

Source: VNS

Minimum wage to increase 5.3%

Advertisements

An increase in the minimum wage moved a step closer yesterday after the National Wage Council agreed to increase basic salaries.

The committee confirmed they will look at a rise of more than 5 per cent compared to last year.

The raise is equal to an increase of VNĐ160,000-200,000 (US$6.8-8.6) each month per labourer.

It is believed to be the lowest increase of the regional minimum wage so far.

The increase will be submitted to the Government for final approval.

The increase of the regional minimum wage was 7.3 per cent in 2017, equal to an increase of VNĐ180,000-250,000($7.7-10.7) and 6.5 per cent in 2018, equal to an increase of VNĐ180,000-230,000 ($7.7-9.9).

The decision was made after the third meeting of the council held in northern Hải Phòng City yesterday and chaired by Deputy Minister of Labour, Invalids and Social Affairs cum President of the National Wage Council Doãn Mậu Diệp.

Representatives from the Việt Nam Chamber of Commerce and Industry (VCCI), on behalf of employers and the Việt Nam General Confederation of Labour (VGCL), on behalf of employees, were also at the meeting.

They decided the monthly minimum wage for four different regions in Việt Nam to be Region I: VNĐ4.18 million (US$180); Region II: VNĐ3.71 million ($160); Region III: VNĐ3.25 million ($140) and Region IV:VNĐ 2.92 million ($126).

Region I covers urban Hà Nội and HCM City, II covers rural Hà Nội and HCM City along with urban Cần Thơ, Đà Nẵng and Hải Phòng cities, III applies to provincial cities and the districts of Bắc Ninh, Bắc Giang, Hải Dương and Vĩnh Phúc provinces and Regional IV takes care of the remaining localities.

Diệp said the increase was selected at 5.3 per cent after many discussions and was thought to be reasonable.

“It is the level that could cover a price slippage of 4 per cent each year and still ensure a small actual pay rise for labourers,” he said.

Additionally, the level was also affordable for employers to pay, he added.

Mai Đức Chính, vice president of VGCL, also said the increase was acceptable.

Chính said the 2018 regional minimum wage actually met about 92-94 per cent of the minimum living standards.

However, if fully calculated, it was necessary to increase the regional minimum wage by 7 per cent each year to both offset inflation and ensure a steady actual pay rise for the labourers, he said.

The increase for 2019 was only 5.3 per cent, it meant the pressure of adjusting the regional minimum wage for 2020 would not be small, he said.

Source: VNS

42 people tested positive for AIDS in Phu Tho

Advertisements

42 people have been tested positive for HIV virus in a commune in Phu Tho Province as the health ministry are investigating into possible AIDS infections allegedly caused by a local doctor.

The figure was announced in a press meeting held late Monday afternoon by Phu Tho Provincial People’s Committee.

According to the committee’s deputy chairman, Ha Ke San, 42 people have been diagnosed as HIV positive so far in Kim Thuong Commune, Tan Son District. San said that this is a high rate in the area but not the only cases in the country as statistics show that at present 61 communes have the same rate of HIV infections.

“Now our first priority is to make sure that all infected people receive proper treatment,” San said.

Deputy director of Phu Tho Provincial Department of Health, Le Quang Tho, said that 490 local people have come for HIV/AIDS testing and 42 people have been found positive.

Addressing the meeting, a representative from the Ministry of Health said that they are still investigating the cause of the infections.

“There have been complaints from infected people that they got the virus from a local doctor who used the same needles for multiple patients but we need further investigations as the HIV virus can be transmitted through various ways,” the ministry’s representative said.

Nguyen Hoang Long, head of the Ministry of Health’s Department for HIV/AIDS Prevention and Control, said that they would carry out a survey on the infection situation in the whole area first and then look into individual cases.

Around one month ago, a 59-year-old woman in Kim Thuong Commune was diagnosed as HIV positive. She was extremely shocked at the news as she only stayed at home farming, while her husband was tested negative for HIV. So she did not know how she could be infected.

The woman said that she used to get injections at the clinic owned by a doctor who was working at Tan Son District General Hospital.

Kim Thuong is a remote area, so when local residents have health problems, they often come to this clinic, instead of coming to hospitals.

Local people suspected that the doctor might have used the same needles with patients, which could be the cause of the woman’s HIV infection.

A report from Phu Tho Health Department said that five people have died from HIV/AIDS in Kim Thuong Commune over the past three years.

Tu Anh report on Dtinews

Ninja Van launches free logistics services in four cities

Advertisements

Ninja Van, a leading logistics and last-mile delivery company in Southeast Asia, has announced a new five-day promotion programme providing complimentary in-city delivery services in Ho Chi Minh City, Hanoi, Thu Dau Mot (Binh Duong), and Bien Hoa (Dong Nai).

The initiative supports local businesses and sellers with access to technology-based delivery services. The promotion is valid for new customers from August 14 to October 24, 2018 and applies for an unlimited number of parcels within the promotional period.

“At Ninja Van, we want to make logistics hassle-free to allow our customers to better focus on running their businesses. The promotion is one of our initiatives to encourage local businesses and sellers to experience hi-tech logistics services in the era of digitalisation,” highlighted Phan Xuan Dung, country head of Ninja Van Vietnam.

According to research by eShopWorld, there are currently over 35 million e-commerce users in Vietnam and this number is expected to grow to 42 million by 2021.

“The Vietnamese e-commerce market has a promising outlook. We provide e-commerce retailers and online sellers with fast, time-efficient, and cost-effective logistics solutions, so that they can meet the demands of the growing market,” Dung added.

After two years of intensive research on the local market and demand for goods delivery, Ninja Van has optimised its technology to build up an appropriate delivery system and process for the Vietnamese market.

In March 2018, Ninja Van officially announced its entry into Vietnam. With the aim of “taking the hassle out of the parcel,” Ninja Van is deploying delivery services capable of optimising delivery routes that helps businesses reduce delivery costs, shorten delivery times, and easily track parcel information in real time. Ninja Van also provides various delivery options suitable for both sellers and purchasers such as Same Day Delivery, Next Day Delivery, and Standard Delivery.

Ninja Van currently offers cash on delivery (COD) services in 63 provinces. Apart from delivering small- and medium-sized parcels, Ninja Van also carries bulky items, extending services to returning and exchanging purchases.

Launched in 2014, Ninja Van is Southeast Asia’s fastest growing last-mile logistics company, powering businesses with innovative transport solutions.

In Vietnam, Ninja Van is regarded as a fast-growing logistics company with more than 1,000 riders across the country, handling orders for major trading companies like Lazada, Sendo, Tiki, and Fahasa, among others. Ninja Van is also extending its availability to retail stores and online shops.

[Ha Vy] report on VIR

Vietnam scores emphatic 3-0 win over Pakistan at Asian Games

Advertisements

Vietnam missed two penalties, yet coasted to a 3-0 win in its first Asiad 2018 match against Pakistan on Tuesday.

The game started at Wibawa Mukti Stadium in West Java, Indonesia, at 4 p.m. with Vietnamese team in red and Pakistan in white. Head coach Park Hang-seo sent two main attackers, Nguyen Van Quyet and Nguyen Anh Duc.

Vietnam scored first in the 21th minute through midfielder Nguyen Quang Hai, thanks to a beautiful assist from Nguyen Cong Phuong. The goal came after several attacks that were foiled by the Pakistani defense.

Pakistan players launched a major attack in the 33rd minute, but failed to find the net.

Attacker Nguyen Van Quyet, wearing jersey number 10, scored the second goal for Vietnam in the 41st minute.

In the 45th minute, Vietnam missed a penalty, with Cong Phuong’s strike bouncing off the crossbar.

Pakistan’s Riaz Muhammad was cautioned by the referee at the 53rd minute.

Vietnam’s Phuong, number 9, missed another penalty, saved by the goalkeeper, at minute 69.

Phuong scored Vietnam’s third goal at the 72nd minute.

In the 79th minute, Ali Mohsin of Pakistan received the second yellow card of the game.

Vietnam will compete in Group D along with Japan, Pakistan and Nepal. Its second match will be against Nepal on August 16. Asian Games is the world’s second biggest multi-sports event, this year drawing 16,000 competitors and officials from 45 nations descending on Jakarta and Palembang.

Park selected the squad team based on performance at an exhibition tournament with guest players from Oman, Palestine and Uzbekistan in Hanoi earlier this month. The team is basically the one that won Vietnam second place at the Asian Football Confederation U23 Championship in China last January.

Source: Vnexpress

Qatar National Bank names Vietnam as Asia’s newest tiger economy

Advertisements

The latest ‘tiger’ economy in Asia is Vietnam as the country emerges as one of the world’s fastest growing economies, said the Qatar National Bank (QNB) in its weekly ‘economic commentary’ published on thepeninsulaqatar.com.

A range of indicators recorded in the first six months of 2018 demonstrated the booming Vietnamese economy. Its gross domestic product (GDP) grew 7.1% year on year, the fastest since 2011. The output of Vietnam’s manufacturing sector increased 13.1% on year.

According to QNB analysts, the manufacturing boom fueled exports to annually surge 20% in the period compared to the 17% increase posted for the entire 2017.

The bank attributed manufacturing and export success to Vietnam’s ability to attract a large volume of foreign direct investment (FDI) into sectors like garment, footwear and electronics. FDI inflows in the Southeast Asian country also boomed, with total value estimated at US$13 billion in the first half of this year, an annual increase of 11%.

The GDP figure for 2017 was about US$220 billion, according to the latest data from the International Monetary Fund (IMF).

The QNB said Vietnam’s economic success is noteworthy as it comes at a time when many developing economies are struggling to match the success of Asia’s previous ‘tigers’ like Singapore and the Republic of Korea. It said the basis for such achievement is obvious, namely favourable demographics, low wage rates, political stability, and geographical location.

The commentary cited recent research from the Brookings Institute think tank in the US which highlighted that the ability to build on these solid foundations via good policies is what really sets Vietnam apart.

There are three critical factors behind the country’s high growth. First, Vietnam has eagerly pursued trade liberalisation on both multilateral and bilateral basis. Trade agreements have dramatically lowered the external tariffs its exports face, helping integrate Vietnam into the global economy and further accelerating FDI investments.

Second, Vietnam’s investments in human capital i.e. education have helped the country maximise its demographic potential. Vietnam was ranked 8th out of 72 participating countries in the latest Programme for International Student Assessment (PISA), which tests high school students in maths, science, and other subjects. The result surpassed several top economies of the Organisation for Economic Cooperation and Development (OECD), which conducts the PISA.

Third, investments in human capital have been supported by progress in improving the local business climate. Vietnam has steadily moved up in both the World Economic Forum’s competitiveness index and the World Bank’s ease of doing business survey.

The QNB noted the success might come along with vulnerabilities and challenges. FDI in Vietnam mostly concentrates in the textiles and electronics sectors, creating jobs, which tend to be of low skills and low wage with little value added. This leaves Vietnam exposed to the crossfire of a US-China trade war in the short term. In longer term, Vietnam’s competitive advantages might fade, as the country climbs the development ladder, and wage rates and living standards improve.

The bank also pointed to new economic drivers that could help Vietnam sustain its current position in a few years. Vietnam’s high PISA scores suggested that the country should be able to move up the global value chain more easily than most emerging markets.

Prospects for rapid growth in the service sector, particularly tourism, could help drive economic growth over the longer term. In the latest data, tourist arrivals in the country was up nearly 25% in June from 2017.

According to a report on Nhandan

Vietnam moves to get opportunities from Industry 4.0

Advertisements

The Government of Vietnam considers the fourth Industrial Revolution (also known as Industry 4.0), especially aspects concerning artificial intelligence, a huge opportunity for Vietnam to become a modern, industrialised nation in the near future, said Minister of Planning and Investment Nguyen Chi Dung.

“Industry 4.0 is a shortcut to bring the country to modernity and prosperity,” Dung said at a press conference in Hanoi on August 10, providing information on Vietnam’s innovation network programme.

The fourth Industrial Revolution is changing the current world, from business production to services provision, he said, adding that the movement has created a golden opportunity for Vietnam to catch up with the latest technological and economic development trends around the world.

The minister said that the Party and State have always paid due attention to gathering Vietnamese talents in the fields of science and technology to serve the country’s development.

Following the direction of PM Nguyen Xuan Phuc, the Ministry of Planning and Investment (MPI) is building a national strategy for Industry 4.0 which will be reported back to the government leader at the year’s end.

The ministry is also working on establishing a national innovation centre and a network of human resources which can assist with implementing the national Industry 4.0 strategy, Dung said.

It will coordinate with the Ministry of Science and Technology, the Ministry of Foreign Affairs, the Ministry of Education and Training, as well as other agencies and localities to organise the Vietnam innovation network programme, he added.

The programme, initiated by the Ministry of Planning and Investment, aims to mobilise Vietnamese experts in the field, including those working in foreign countries with advanced science-technology development.

Tran Quoc Phuong, Director of the MPI’s National Economic Issues Department, said the programme aims to share strategic visions and viewpoints of Party, State, and Government leaders regarding current opportunities to approach and optimise scientific and technological accomplishments in key areas, serving both the national short-term and sustainable socio-economic development targets.

The programme will take place from August 18-24 with a variety of activities in Hanoi, Ho Chi Minh City, and Quang Ninh, such as meetings with the startup community and intellectuals in science-technology in Vietnam, exchanges amongst major groups and businesses in sci-tech application, and visits to high-tech parks in Hanoi and HCM City.

About 100 Vietnamese youths who have excelled in various fields – such as information technology, biotechnology, automatics, robotics, artificial intelligence, blockchain, cyber security, and Internet of Things – are expected to attend the event.

According to a report on VNA

42 people tested positive for AIDS in Phu Tho

Advertisements

42 people have been tested positive for HIV virus in a commune in Phu Tho Province as the health ministry are investigating into possible AIDS infections allegedly caused by a local doctor – Vietnamnet reported

The figure was announced in a press meeting held late Monday afternoon by Phu Tho Provincial People’s Committee.

According to the committee’s deputy chairman, Ha Ke San, 42 people have been diagnosed as HIV positive so far in Kim Thuong Commune, Tan Son District. San said that this is a high rate in the area but not the only cases in the country as statistics show that at present 61 communes have the same rate of HIV infections.

“Now our first priority is to make sure that all infected people receive proper treatment,” San said.

Deputy director of Phu Tho Provincial Department of Health, Le Quang Tho, said that 490 local people have come for HIV/AIDS testing and 42 people have been found positive.

Addressing the meeting, a representative from the Ministry of Health said that they are still investigating the cause of the infections.

“There have been complaints from infected people that they got the virus from a local doctor who used the same needles for multiple patients but we need further investigations as the HIV virus can be transmitted through various ways,” the ministry’s representative said.

Nguyen Hoang Long, head of the Ministry of Health’s Department for HIV/AIDS Prevention and Control, said that they would carry out a survey on the infection situation in the whole area first and then look into individual cases.

Around one month ago, a 59-year-old woman in Kim Thuong Commune was diagnosed as HIV positive. She was extremely shocked at the news as she only stayed at home farming, while her husband was tested negative for HIV. So she did not know how she could be infected.

The woman said that she used to get injections at the clinic owned by a doctor who was working at Tan Son District General Hospital.

Kim Thuong is a remote area, so when local residents have health problems, they often come to this clinic, instead of coming to hospitals.

Local people suspected that the doctor might have used the same needles with patients, which could be the cause of the woman’s HIV infection.

A report from Phu Tho Health Department said that five people have died from HIV/AIDS in Kim Thuong Commune over the past three years.

The InterContinental Danang is the Most Instagrammable Resort in Vietnam

Advertisements

Danang may not be the first place you think of when you think of Vietnam. However, the InterContinental Danang Sun Peninsula Resort is reason enough to go.

According to a report by Bridget Arsenault on Forbes, a destination property, here they have everything – from the most exquisite natural wonders to crashing cerulean waves and biscuit-coloured cliffs to the hotel’s private gondola, a world-class spa, an on-site nightclub, a Michelin-starred restaurant, library, cooking school and so much more.

A view of the ocean from a Son Tra Terrace Suite

The consideration to design is unparalleled. Architect Bill Bensley lived on site for two years while finalising this resort. And his commitment shows. Each room and space is a riotous display of colours, textures and artefacts. Bill travelled the world finding books, cushions, local treasures and so much more, and has placed these authentic items from his world adventures throughout.

The Barefoot Restaurant at InterContinental Danang Sun Peninsula Resort

The property is large, with a total of 200 rooms, including 16 penthouses and villas. And the room sizes are more than generous. The Club Peninsula suites all have ample terraces, making it alluring to practically never leave your enclave, while the fridge and minibar are actually housed outside, alongside your private day-bed, sofa and chairs. It’s fun and pampering.

The hotel’s latest addition, the three bedroom Bai Bac Bay Villa, has to be one of the most opulent rooms in all of Vietnam. Secluded from the majority of other rooms, it features sweeping and unobstructed views of the private bay. Inside, the design feels a little like a Pollock painting, with its vast array of bright, unapologetic colours, and at 500sqm, one could practically never leave. It also features three separate private pools, the central one being large enough to genuinely swim. There’s a well-equipped and very modern kitchen – no expense has been spared – as well as a dining room, making it so the expression ‘there’s really no reason to leave’ rings true.

A bay view from the Bai Bac Bay Villa

Many of the suites come equipped with their own pools – it’s just perfection to wile away an afternoon this way. There’s also a pool near the beach, a favourite for young kids and families. The adults-only infinity pool, the Long Pool, offers peace and respite as well as sweeping views of the resort and surrounding peninsula. This part of Vietnam is lush and verdant, it’s alluring at every corner you look. Of course, there’s also 700-metres of private beach, dotted with sunloungers and attentive staff members. There’s also an on duty lifeguard on the beach, which may comfort some less advanced swimmers, as the water can be a little chalky at time.

Having been to many, the spa is my favourite anywhere in the world. Each of the Harnn Heritage Spa villas are individual treatment spaces that have a square footage rivalling my entire flat in London. Overlooking a private lagoon the views are outrageously beautiful and instil peace and serenity from the moment you enter. Having won practically every spa award in Asia, it is an unparalleled concept. Combining traditional Asian techniques and naturopathy, many of the treatments are infused with local herbs and botanicals. And everything here is designed around a philosophy of rebalancing. They’re also highly personalised and before you begin you participate in a mixology consultation where you complete a detailed questionnaire around scents and your preferences so the therapist can create a bespoke oil for you.

There is also an on-site mani/pedi studio by Bastien Gonzalez. The French podiatrist with an A-list clientele has developed a signature method where none of his nail treatments use water – as he believes that ultimately dries out the skin and the nail-bed, and instead he introduces minuscule drills tipped with diamond dust, followed by a polishing technique he learned from his grandmother that uses a chamois-leather cloth and a pearl buffing cream. To finish, the therapists recommend instead of polish, simply enjoying the nail’s natural shine.

La Maison 1888, the hotel’s Michelin-starred restaurant

There are lots of idiocracies and quirks to this property, much of which takes its lead from Bill Bensley’s eclectic design. There’s a cable car called the Nam Tram that cuts through the resort and is staffed with an attendant 24-hours a day. The resort is divided into levels, a bit like a wedding cake and each section has a name, the highest being Heaven Level. This is also how to navigate the stops on the train. There’s also an eccentric nightclub at the property, a maze of rooms and bars. There’s also a vast conference centre, the APEC Economic Leaders’ Meeting was held here in 2017, as well as a number of private meeting spaces, each named after a different Hollywood icon. And note, as is to be expected of a hotel of this calibre, this is a spot for the well-heeled. Around the pool and restaurants you’ll find an incredibly chic mix of predominately South Korean, Japanese and Singaporean travellers – expect Goyard bags and Chanel shades.

Picture-perfect pool views

As a generalisation, food in Asia is hard to beat – the freshness of the ingredients, the fragrance of the dishes, the blend of unexpected flavours. There’s a magic to it. And that can certainly be said of the four restaurants here at the hotel. Citron is the hotel’s main restaurant, serving breakfast, lunch and dinner from its sunnily designed space. Food is casual, authentic and the portions are generous. They also often host decadent buffet meals where the menu ranges from Western to Italian to Asian. The outside booths at Citron sit at about 100 metres above the beach – try to sit at one of these if you can.

The Long Bar is playful and inviting – with huge day-beds to lounge and eat on and rustic swinging chairs throughout. Like the rest of the hotel, the colourscape is loud and riotous – sunny yellows and jailbird black and white strips lead the aesthetic. The cocktails are fruity and fun, just what you want when in repose. The signature drink is fresh orange juice combined with Southern Comfort and a splash of Champagne.

The Long Bar

The Barefoot Cafe does all-day food and snacks – casual seafood, sandwiches and scrummy desserts. On certain evenings they light welcoming candles and host a barbecue buffet – this is not to be missed. It’s fuss-free and delightful.

The hotel is incredibly proud of La Maison 1888, its fine-dining Michelin-starred restaurant by Pierre Gagnaire. The French chef built his reputation in Paris at his eponymous restaurant, which currently boasts three Michelin stars. The Danang restaurant is beautifully designed, so that each perfectly set white-clothed table feels intimate and has a sense of drama. Gagnaire describes himself as a chef who cooks from his heart and that rings apparent in his menu and the presentation of this world-class cuisine. The menu changes often and you certainly won’t leave hungry.

For those staying within an elevated room category, there is also a club lounge, which flanks Citron restaurant. Here those with access can enjoy complimentary tea and coffee throughout the day, continental breakfast, afternoon tea and a selection of evening cocktails and canapés.

The Harnn Heritage Spa

A hotel in a class of its own, at the InterContinental Danang Sun Peninsula Resort you have sun, sand and endless things to try and occupy yourself with. And everything will be designed and delivered with the care of this truly hospitable hotel staff. As here, the answer to the question jump is, how high?

 

 

Business, individuals stay away from importing Bitcoin mining rigs to Vietnam

Advertisements

The government, supported by other government agencies and the country’s central bank, is likely to pass a law banning the import of bitcoin mining rigs into Vietnam.

Moneycontrol News

Owing to the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam, since early July, Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country. The Customs Department of Ho Chi Minh City (HCMC) confirmed the same with Bitcoin.com.

Earlier businesses and individuals imported a large number of crypto mining rigs into the country. The customs department of HCMC cleared more than 7,000 bitcoin and litecoin miners last year.

Around 190 bitcoin miners and 350 litecoin miners were imported by the Customs Department of Hanoi. As reported by the HCMC Customs Department 3,664 crypto miners were imported by the businesses and individuals from the beginning of this year to August 6, most of which were Antminers from China.

The few other government agencies and the country’s central bank, the State Bank of Vietnam (SBV) extended support towards the move.

Prime Minister Nguyen Xuan Phuc, in April this year, had signed a directive for stronger measures for cryptocurrencies. “Under the directive, credit institutions in Vietnam are not allowed to carry out cryptocurrency-related transactions and must swiftly report any suspicious activities,” authorities said while imposing the ban on import of bitcoin mining rigs.

According to a report on Moneycontrol

Tropical Storm Bebinca to bring flooding rainfall to Vietnam this week

Advertisements

A tropical low that has been spinning near the southeast coast of China since last week finally became Tropical Storm Bebinca on Monday and will bring several days of heavy rainfall to parts of China and Vietnam this week.

The storm, which is currently located between Hainan and Hong Kong in the South China Sea, will slowly track north and west just off the coast of southeast China through Tuesday. By Eric Leister, Senior meteorologist reported on AccuWeather.com.

A west to southwest track from Wednesday through Friday will take the storm across the Leizhou Peninsula and into the Gulf of Tonkin before making a final landfall in northern Vietnam.

Interaction with land is expected to keep Bebinca from gaining strength as it meanders near or over land this week; however, the slow movement of the storm will bring a significant risk for flooding.

Bebinca will bring rough seas which will threaten shipping interests in the region.

Bebinca to bring flooding rainfall to Vietnam this week

Wind damage will be localized and largely limited to tree damage and power outages due to wind gusts of 65-80 km/h (40-50 mph).

The heaviest rainfall through Wednesday will be across northern Hainan Island and the Leizhou Peninsula where 100-200 mm (4-8 inches) of rainfall is expected with local amounts exceeding 300 mm (12 inches).

This magnitude of rainfall will likely result in widespread flooding and travel disruptions across the region.

The coastal region of southeast China from Macau westward through Guangxi province will endure daily downpours that will produce localized flooding and travel delays. Total rainfall of 50-100 mm (2-4 inches) is expected in these areas.

Improvement is expected across the Leizhou Peninsula and Hainan late Wednesday into Thursday as Bebinca continues westward and sets its sight on northern Vietnam.

The worst of the storm is forecast to batter northern Vietnam, including Hanoi, on Thursday and Friday.

Widespread rainfall of 100-200 mm (4-8 inches) is expected which will result in a heightened risk for flooding and mudslides and produce significant travel disruption.

Bebinca will dissipate over northern Indochina this weekend; however, additional showers and thunderstorms will occur across northern Vietnam.

The heaviest rainfall on Saturday and Sunday will be from northern Laos into Myanmar where localized flooding and mudslides will be possible.

Exit mobile version