Moody’s upgrades Vietnam’s ratings to Ba3, changes outlook to stable

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Moody’s Investors Service has upgraded the Government of Vietnam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive.

“The upgrade to Ba3 is underpinned by strong growth potential, supported by increasingly efficient use of labor and capital in the economy. A long average maturity of government debt and a diminishing reliance on foreign-currency debt point to a stable and gradually moderating government debt burden, particularly if strong growth is sustained over time. The structure of Vietnam’s government debt also limits susceptibility to financial shocks. The upgrade also reflects improvements in the health of the banking sector that Moody’s expects to be maintained, albeit from relatively weak levels,” Moody’s said in a statement released on its website.

According to Moody’s, the stable outlook reflects balanced risks at the Ba3 rating level.

“While downsides may arise from persisting weaknesses in the banking system or if the ongoing trade dispute between the US and China resulted in a sharp slowdown in global trade, there are upside risks from further improvements in debt affordability and better trade performance than we currently project,” it said.

Moody’s has also raised Vietnam’s long-term foreign currency (FC) bond ceiling to Ba1 from Ba2 and its long-term FC deposit ceiling to B1 from B2. The short-term FC bond and deposit ceilings remain unchanged at Not Prime. Vietnam’s local currency bond and deposit ceilings remain unchanged at Baa3.

Moody’s estimates that Vietnam’s growth potential is strong, at around 6.5 per cent, supported by increasingly efficient use of labour and capital in the economy. Globally, strong growth potential tends to be associated with relatively low competitiveness. However, Vietnam’s economic strength combines high growth and high competitiveness as shown in the economy’s ongoing shift towards high value-added sectors.

Vietnam chosen as the most alluring investment destination in Asia | Image source: gbs.com.vn

With an average GDP growth rate of over 6 per cent over the past decade, Vietnam has climbed up the manufacturing value chain within a short span of time, gaining competitiveness in the assembly of higher value-added electronic products – such as smartphones – while continuing to retain its comparative advantage in the export of labor-intensive goods, such as textiles and garments. Rising competitiveness and a further transition towards higher-value-added industrial activity will support growth at high levels in the medium term. Moody’s projects GDP growth of 6.4 per cent in 2018-2022, higher than the median for B1-rated sovereigns at 3.7 per cent, and Ba-rated sovereigns at 3.5 per cent.

Potential growth is supported by strong investment, including Foreign Direct Investment in high-value-added manufacturing. As Vietnam continues to move up the value-chain and the contribution of the private sector to total value-added grows, Moody’s expects productivity growth to drive the economy’s growth potential.

Moreover, according to the World Economic Forum’s Global Competitiveness Index, Vietnam is much more competitive than most other Ba-rated or B-rated sovereigns. Moody’s expects Vietnam to retain relatively high competitiveness as the shift up the value chain gives room for relatively rapid income and wage increases.

One factor weighing on Vietnam’s economic strength is the economy’s reliance on credit. Demographic trends, including a sizeable share of working age population– with relatively higher spending power – in the overall population, and increasing urbanization have contributed to strong consumption and credit growth. Corporate debt is also relatively high and has been rising in recent years. Previous periods of rapid credit growth have weakened bank solvency and raised contingency risks for the sovereign.

While Moody’s estimates that credit allocation has improved somewhat and poses lower risks to the sovereign, rapid credit growth sustained beyond the pace warranted by financial deepening trends raises the risk of a correction that would amplify the negative impact of an economic shock.

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Vietnam stock market started new week on positive note

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The Vietnam stock market started well on Monday with the two main stock indices rising, with improved liquidity and increased net buying by foreign traders among blue-chips.

According to a report on VNS, on the Ho Chi Minh Stock Exchange (HOSE), the VN-Index closed Monday up 0.99 per cent at 978.04 points after gaining 0.92 per cent last week.

On the Hanoi Stock Exchange (HNX), the HNX-Index edged up 1.89 per cent to end Monday at 110.46 points. The northern market index inched up 2.66 per cent last week.

Liquidity improved significantly with a total of 273 million shares worth VNĐ5.9 trillion ($255.2 million) traded in the two markets, up 25 per cent in volume and 20 per cent in value compared to last week’s averages.

Market breadth was positive as gaining stocks outnumbered declining ones by 262 to 191, while 290 stocks were unchanged.

Large caps continued to lift the market. The VN30 basket, which tracks the top 30 shares by market value and liquidity on the HCM City’s exchange, advanced 1.23 per cent to close Monday at 960.02 points.

Financial stocks, especially bank and securities stocks, drove the market with prominent gainers including Asia Commercial Bank (ACB), Military Bank (MBB), Vietinbank (CTG), Saigon Hanoi Commercial Joint Stock Bank (SHB), Vietcombank (VCB), Techcombank (TCB) and TPBank (TPB), increasing between 1 per cent and 6.2 per cent.

A series of large-cap stocks also gained ground, such as Petro Vietnam Gas JSC (GAS), Masan Group (MSN), FLC Faros Construction Joint Stock Company (ROS), steel maker Hoa Sen Group (HSG) and budget airline Vietjet (VJC), supporting the market’s upswing.

Notably, GAS price returned to the 3-digit level when increasing 4.4 per cent to trade at VNĐ103,000 per share.

HSG hit the daily limit rise of 7 per cent after Hoàng Thị Xuân Hương, HSG’s Deputy General Director Hoàng Đức Huy’s sister, announced she would buy five million HSG shares.

Foreign investors were net buyers of VNĐ33 billion on the HOSE after being net sellers for 10 consecutive sessions.

According to Bảo Việt Securities Company (BVSC), the market is forecast to keep increasing amid positive liquidity and the lead of bank stocks.

BIDV Securities Company said in its daily report that the market was in a short-term uptrend and approaching to the 980-1,000 point range.

Investors can still disburse and seek profit in oil and banking stocks which have received large cash inflows.

On the Unlisted Public Company Market (UPCoM) where many State-owned enterprises are listed, the UP-Index closed up 0.51 per cent at 51.62 points.

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A new tropical storm will hit Northern Vietnam

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Bebinca, the tropical storm, originating from the south of China’s Guangdong Province, is expected to carry winds blowing at 75 kilometers per hour, causing heavy rain in affected areas, which could deposit 250-350mm of rainfall on northern Vietnam when it hits the region on Thursday.

The storm is moving towards the Gulf of Tonkin at five kilometers per hour and is expected to hit northern Vietnam’s coastal provinces on Thursday afternoon, Vietnam National Center for Hydro-Meteorological Forecasting reported.

Northern Vietnam should expect heavy rainfall from Wednesday night to Friday, Weather experts said.

Bebinca’s trajectory as forecast by Vietnam National Center for Hydro-Meteorological Forecasting.

Right now, the East Sea is also harboring two other storms, Yagi and Leepi, this is the fourth storm to form this year in the East Sea.

Son Tinh storm hit northern and central Vietnam last month, triggered floods and landslides that killed at least 27 people.

A record-breaking 16 tropical storms hit Vietnam in 2017, leaving 389 people dead or missing and injuring 668 others, mostly in northern and central regions. The General Statistics Office estimated damage at around VND60 trillion ($2.64 billion), 1.5 times the previous year’s figure. VNExpress – a local media reported.

One of the most destructive storms last year was Damrey, the 12th major storm to hit Vietnam in 2017, made landfall with winds of up to 90km/h that damaged more than 40,000 homes, knocked down electricity poles and uprooted trees and killed at least 106 people.

Not only in Vietnam, it’s legal to eat dog meat in the United States, and it happens

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China and South Korea earn much deserved condemnation for their dog meat markets and festivals. Thanks to pressure from activists, the exposure of horrifying conditions the animals face, and the education of the public about the risks associated with eating dog meat, these markets are on the decline. This is especially true among young people who find it cruel to eat companion animals.

While we dog lovers in the United States call this practice barbaric in other countries, some of us may be surprised to find out that, depending on interpretation of the law, it is still legal to eat dog meat in 43 of the states in the U.S., and yes, it happens. Mike Clark reported on Dogtime.com

It Is Still Legal

Puppy asking you to not leave him alone… @ Photo credit: Dogtime.com

California, Georgia, Hawaii, Michigan, New Jersey, New York, and Virginia are the only states that explicitly outlawed dog meat. It is, however, illegal in all states for slaughterhouses to handle dogs, and it’s illegal for stores to sell the meat. This doesn’t prevent an individual from killing and eating a dog or selling meat to another person, so long as it’s not through a store. The laws among the states that have banned the consumption of dog meat vary, and some states allow citizens to kill and eat dogs so long as the killing is done “humanely”. New York law states that it is illegal “to slaughter or butcher domesticated dog (canis familiaris) or domesticated cat (felis catus or domesticus) to create food, meat or meat products for human or animal consumption.”

California bans even owning the carcass, so someone couldn’t use the excuse that they got dog meat from somewhere else instead of butchering it themselves. The law also protects “any animal traditionally or commonly kept as a pet or companion,” though that definition may be vague, as many people keep other animals–pigs, for example–as pets.

Virginia has made it illegal to unnecessarily kill animals not associated with farming activities. Since dogs are not commonly used as livestock on farms, they can’t be slaughtered for their meat as it would be unnecessary to do so. All of these state laws vary and can create confusion, which is why dogs would benefit from a federal ban on the practice of killing dogs for meat that applies to all states.

Yes, It Does Happen

Selling Dog and Cat Meat Is Still Legal in Most of U.S.—but a Federal Ban Could Soon Be in Place @ Photo credit: alternet.org

Consuming dog meat in the U.S. isn’t a common practice. You may wonder why we should bother banning it at all. The problem is that even though it isn’t rampant, killing dogs for their meat does happen in this country, and it would be better to stop the problem before it gets worse.

In 2003, authorities seized 150 Korean Jindo dogs, a breed commonly used in South Korean meat markets, from a man in Pennsylvania who claimed that they were being raised to sell as guard dogs and meat sources. He was licensed to do that, but the animals were taken due to their poor conditions, not because they were going to be eaten. He was charged with animal cruelty, but again, that had nothing to do with the dogs being raised for meat.

In 1994, a man licensed to sell “random source” meat named Ervin Stebane was convicted of “improperly killing animals.” He reportedly took stolen pets from people’s homes, grabbed strays off the street, or took “free to good home” dogs, shot them in the head, and sold the meat. He had over 140 dogs in his barn when he was raided. Since it wasn’t illegal in Wisconsin to sell dog meat, he was convicted of a relatively minor crime and never went to jail. His only punishment was that his license to sell random source meat was revoked.

These stories not only indicate that dogs are sold for meat, but that there is a demand in this country, however small, for dog meat. The practice is mostly kept underground, but making it a federal crime would make it easier to prosecute those who kill dogs for meat when they are discovered.

What Is Being Done About It

Luckily, a bill has been introduced to Congress to “amend the Animal Welfare Act to prohibit the slaughter of dogs and cats for human consumption.” The bill known as H. R. 1406, which is also called the “Dog and Cat Meat Trade Prohibition Act of 2017” would ban the slaughtering of dogs and cats for meat as well as shipping, purchasing, or selling dogs to be killed for meat. Unfortunately, the penalty for violating the act would be relatively small and include “not more than 1 year, or a fine of not more than $2,500, or both.” Still, it is a step in the right direction, and the bill deserves support.

What You Can Do To Help

Call your representatives. Let them know that you support H. R. 1406 and that killing dogs for meat should be illegal in all 50 of the United States. You can find your congressperson in the House of Representatives here, then contact their office to let them know you support this bill. Together we can make a difference and stop this problem before it even has a chance to grow.

Are you surprised to find out that it is still legal in the U.S. to kill dogs for meat? Will you be contacting your representative to let them know how you feel? Let us know in the comments on our Twitter at https://twitter.com/insidervietnam or FB page at: https://fb.com/vietnaminsider.vn!

Vietnam: Over 200 drug users escaped of rehab centre

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HANOI: Around 200 drug users escaped from a rehab centre in Vietnam on Saturday (Aug 11), police said, the latest breakout attempt from the country’s controversial treatment facilities – Reported by Channel Asia

Some addicts are forced by law to spend up to two years in Vietnam’s rehab centres, while others are admitted by family or check themselves in.

Most detainees undergo cold-turkey treatment in the notoriously overcrowded centres or are subjected to solitary confinement for breaking rules.

Several breakouts have occurred in recent years and the most recent started on Saturday morning in the southern province of Tien Giang, a police officer said on condition of anonymity, adding that about half the escapees had already been captured.

“There are around 100 addicts still on the run and the police are still looking for them,” the officer said.

A disagreement with staff escalated into an assault, with patients wielding knives and bricks and encouraging others to break down the door, state-controlled website VnExpress reported.

Images circulating on social media showed dozens of men, many shirtless, wandering on a highway near the rehab centre.

“They passed my area holding canes and shouted like protesters. When we saw them, me and people around were scared and worried,” local resident Le Hai Trieu said.

Residents pitched in to help local authorities capture the men.

Another state media outlet said that more than 650 people are registered at the Tien Giang facility, but it did not provide figures on the number of voluntary admissions.

There are more than 220,000 registered drug addicts in Vietnam, according to official statistics released last year, with heroin and methamphetamine the most popular narcotics.

While Vietnam is experimenting with more community-based treatment options in response to criticism over the centres, they remain the most-used form of recovery.

The centres are widely supported as a viable treatment option although addiction specialists say they don’t work and relapse rates are high.

Early last year 100 people escaped from a centre in southern Long An province because they were upset about spending the annual Tet new year holiday away from their homes.

Continue reading “Vietnam: Over 200 drug users escaped of rehab centre”

Vietnam: Vinfast and Siemens make electric buses

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VinFast Trading and Production LLC has signed two contracts with Siemens Vietnam, a unit of Siemens AG, for the supply of technology and components to manufacture electric buses in the Southeast Asian country.

VinFast, a unit of Vietnam’s biggest private conglomerate, Vingroup JSC, said on Monday the deals will enable it to launch the first electric bus by the end of 2019.

“Electric buses are an essential element of sustainable urban public transportation systems,” Siemens Vietnam President and CEO Pham Thai Lai said in the statement.

VinFast will also produce electric motorcycles, electric cars and gasoline cars from its $1.5-billion factory being built in Haiphong City, it said.

In June, General Motors Co agreed to transfer its Vietnamese operation to VinFast, which will also exclusively distribute GM’s Chevrolet cars in Vietnam.

Reporting by Khanh Vu

Continue reading “Vietnam: Vinfast and Siemens make electric buses”

ANZ Vietnam: Jodi West appointed as new CEO

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Australia and New Zealand Banking Group Limited (ANZ) today announced the appointment of Jodi West as new CEO of ANZ Vietnam, reporting to Farhan Faruqui, ANZ Group Executive, International.

According to the announcement on the website of ANZ, Ms Jodi West joined ANZ in 2015 as Head of Institutional FX Sales, Australia. Prior to ANZ, she held roles in the FX & Commodity sales team at both Citigroup and Barclays, and was also Head of Corporate & Institutional Market Sales at National Australia Bank.

Farhan Faruqui, ANZ Group Executive, International, said: “Vietnam is an important part of our regional network for our Institutional customers. Jodi brings more than 20 years of banking experience to the role, and her strong leadership, customer network and product expertise will help build upon our well-established franchise in Vietnam.”

Ms Jodi West commences in the role on 13 August 2018, based in Ho Chi Minh City, Vietnam.

ANZ is one of the first foreign banks to open, and has been in Vietnam since 1993. In 2008, ANZ was granted a banking license by the State Bank of Vietnam (SBV) to locally incorporate in Vietnam. ANZ Vietnam has presence in two major cities, Hanoi and Ho Chi Minh City.

In 2017,  ANZ has sold its retail business in Vietnam to South Korea’s Shinhan Bank Vietnam, part of a broader retreat from Asia retail banking. By that time, Farhan Faruqui was head of international business at ANZ  told Financial Times that, the sale is “in line with our strategy to simplify the bank and improve capital efficiency. It allows us to focus resources on our largest business in Asia -institutional banking.”

Fewer and fewer sea turtles coming inland to lay eggs in Vietnam

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The number of sea turtles coming to inland areas in Nui Chua National Park in the south-central province of Ninh Thuan Province of Vietnam has decreased, according to the national park management board.

VNS reported, the national park is home to Thit, Hom and Ngang beaches, where sea turtles regularly lay eggs. Apart from Con Dao National Park in Ba Rịa-Vung Tuu Province, the beaches are some of the most important sea turtle nesting grounds in the country.

In 2016, the Nui Chua National Park recorded 73 instances of sea turtles coming to the areas to lay eggs, digging 24 nests. More than 1,500 baby turtles were returned to the sea. Last year there were only 21 instances in which turtles laid eggs. Turtles dug 10 nests and 681 baby turtles were returned to the sea.

As of August 2018, there have been only 12 instances of egg-laying this year, with six nests. Three species – green sea, hawksbill and loggerhead – historically lay eggs in the area. But in recent times, only green sea turtles have been seen.

According to the management board of Nui Chua National Park, climate change, prolonged sunshine and droughts have reduced the humidity of the sand, making conditions unsuitable for turtles to lay eggs.

Nguyễn Sĩ Hùng, head of the park’s sea preservation division, said that destructive fishing activities such as using dynamite, toxic chemicals and coral mining seriously affected the living environment of sea turtles.

“Turtles can be suffocated in fishing nets. Egg-laying areas and sea turtles’ feeding sources have been narrowed by construction work,” he said.

Since 2000, the Nui Chua National Park, with assistance from World Wildlife Fund, Global Environment Fund and Institute of Oceanography, has conducted projects to study the egg-laying habits of sea turtles, aiming to develop egg-laying area protection plans and conduct sea turtle rescues.

A sea animal rescue centre was built to save and treat turtles that are trapped or caught and return them to the sea.

Local residents have volunteered to protect turtles by taking part in training courses on how to protect baby turtles from being destroyed by natural disasters and how to protect eggs from tide waters.

The national park is working on building a network of areas in Vietnam which can receive and save sea turtles.

The People’s Committee of Ninh Thuan Province has ordered relevant sectors to supervise the activities of transporting, keeping and selling sea turtles and their eggs.

Tourism agencies and Nui Chua National Park must ensure that tourist visits to the egg-laying areas will not affect animal protection work.

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Biggest Taxpayers list in Vietnam FY 2017

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The 1,000 Biggest Taxpayers 2017 list has several banks, including Vietcombank, VietinBank and BIDV, right at the top.

According to a report by Thanh Xuan on VNExpress, 10 lenders made it to the top 50. Vietcombank inched up two spots from 2016 to fourth behind telecom giant Viettel Group, Japan’s automobile manufacturer Honda Vietnam and PetroVietnam Gas JSC (PV Gas).

Vietinbank retained its ninth position.

Last year Vietcombank reported pre-tax profit of more than VND10.8 trillion ($464.4 million), a year-on-year increase of 32 percent.

This was the first ever time a Vietnamese bank’s profit exceeded VND10 trillion ($430 million).

Forbes listed the two among the world’s 2,000 largest public companies: VietinBank was in 1,633rd place with revenues of $2.7 billion and a market value of $3 billion while Vietcombank came in at 1,656th with $2.1 billion and $5.8 billion, respectively.

The Ho Chi Minh City Development Commercial Joint Stock Bank (HD Bank) jumped 91 spots in the tax list to 40th place.

BIDV, Agribank, Military Commercial Joint Stock Bank, and Techcombank were the other lenders in the top 20.

A report from the National Financial Supervisory Committee earlier this year estimated that the banking sector’s pre-tax profits surged by more than 40 percent last year on the back of strong credit growth, better-than-expected bad debt settlement, effective risk management, and the strong real estate market.

Interestingly, foreign-owned banks moved downward in the taxpayers’ list, HSBC Vietnam Ltd. by seven spots and ANZ by four.

This is the second year that the rankings have been announced, and the list contains 703 firms from the 2016 edition and 297 new ones.

The manufacturing sector continued to dominate the list with 36 percent of the tax paid. It was followed by the finance-banking-insurance sector (14.8 percent) and telecommunications (9.3 per cent).

Hanoi and Ho Chi Minh City continued to lead in terms of number of businesses and tax contributions, with 36 percent and 32.5 percent.

The highly industrialized Dong Nai and Binh Duong provinces near HCMC followed with 5.8 percent and 4.4 percent.

The list included 117 state-owned enterprises, which paid 27.7 per cent of the total tax.

Foreign companies accounted for 40.4 percent of the total number and paid 36.7 percent of the tax, with Samsung, Heineken and Siam City Cement all making it to the top 10.

Vietnamese nationals have been jailed over a cannabis grow house in Australia

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Brothers Hieu Dinh Vu and Dinh Tung Vu – and the latter’s wife sentenced Friday
Operation was capable of yielding up to $2million worth of cannabis every year
Hieu’s barrister said client couldn’t refuse brother and didn’t understand ‘weed’

A Vietnamese national jailed over one of the biggest cannabis grow houses ever found in Australia claims he was tricked into helping the operation and didn’t understand the term ‘weed’. Max Margan reported on DailyMail.

Brothers Hieu Dinh Vu, 26, and Dinh Tung Vu, 27, as well as the latter’s wife Thi Phuong Lien Tran, 30, were arrested in May 2015 during dramatic police raids on their Alice River home in Townsville’s west.

The 26-year-old’s barrister said his client was only involved in the operation – capable of yielding $2million worth of cannabis each year – because he ‘couldn’t refuse’ his brother.

‘It wasn’t until far later he became aware of the purpose of the Ring Road property or even the meaning of the word ”weed”,’ Harlis Kirimof said, the Townsville Bulletin reported.

A Vietnamese national jailed over one of the biggest cannabis grow houses ever found in Australia claims he was tricked into helping the operation and didn’t understand the term ‘weed’. Pictured are some of the plants police seized in May, 2015

‘While he may have assisted in the setting up of the grow house, he never initiated anything.’

The trio were jailed on Friday, with Judge Gregory Lynham finding Dinh Tung Vu was the chief offender.

Judge Lynham said the sophistication of the operation suggested there was ‘someone further up the chain who’s never going to be identified’.

Dinh Tung Vu was jailed for five years, his wife for three-and-a-half years and his brother for three.

The trio were arrested in May 2015 during dramatic police raids on their Alice River home in Townsville’s west

Vietnam int’l aviation grows 20+%. Bamboo Airways and Vietjet accelerate

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Vietnam’s international aviation market has grown at a phenomenal rate in the past three years, driven by a surging tourism industry.

Vietnam is on pace to have 38 million international passengers and 16 million visitors in 2018, compared to only 18 million passengers and eight million visitors in 2015.

According to a report on CAPA, not surprisingly, the rapid growth has captured the attention of both local and foreign airlines. VietJet, one of Asia’s fastest growing LCCs since it launched at the end of 2011, has shifted its focus almost entirely to the international market – including long haul – after concentrating its first five years on domestic services.

The growth has also compelled the Vietnamese real estate company FLC to establish a new hybrid airline, Bamboo Airways, with a focus on the international market. Bamboo could launch domestic services as early as 4Q2018, followed by regional international services in 2019 and long haul services in 2020 using newly ordered 787s. However, there is a risk that Vietnam’s international market will have slowed by the time Bamboo and another high profile proposed start-up, AirAsia Vietnam, enter.

Unique parrot cafe in Saigon, Vietnam

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A café in HCM City offers customers a very special atmosphere as it is home to up to 40 parrots of 20 different species.

According to an article on  Dtinews, the café located on Nguyen Van Huong Street, District 2, has been open since 2014.

Colourful parrots are not kept in cages and are very friendly so customers can touch them. They originate from Asia, Africa and America.

 

The café is among the first parrot cafés in HCM City. Parrots are priced at millions of VND each, but some are even worth up to USD5,000 such as Harlequin Macaw species from South Africa.

 

The parrots are taken care of by a staff member. The average cost for caring each parrot is VND3 million (USD128) per month.

 

Many parents take their children to the café to see the parrots

 

The cute parrots

 

They are trained in a professional way, so they are well-behaved to customers

 

Online dating: Aim high, keep it brief, and be patient

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Scientists say the secrets to success in online dating are to aim high, keep your message brief, and be patient.

Playing “out of your league” or dating people considered more attractive than you, is a winning strategy, according to a new analysis of internet daters in the US.

Men had greater success when they approached women they believed were more desirable than themselves.

Related: Brunette dating

The new study has been published in the journal, Science Advances.

Internet dating has become the dominant form for those seeking romance – it’s the third most popular means of meeting a long term partner and around half of all 18-34 year olds now use dating apps.

In this new report, scientists used a Google-inspired algorithm to understand the desires of people wanting to match up. They analysed messaging and demographic patterns among heterosexual users in New York, Boston, Chicago and Seattle.

They found that both men and women contact potential partners who are, on average, around 25% more desirable than themselves.

Your “desirability”, they found, is not just about the number of messages that you receive, but who you receive them from.

If your messages come from people who have themselves received lots of messages, that makes make you more desirable, according to the study.

When women approached men, they received a response 50% of the time.

When men aimed at women who were rated as more desirable than themselves, their response rate was 21%.

That might seem low but the authors of the study suggest that online daters were wise to take the risk.

“I think a common complaint when people use online dating websites is they feel like they never get any replies,” said lead author Dr Elizabeth Bruch from the University of Michigan.

“This can be dispiriting. But even though the response rate is low, our analysis shows that 21% of people who engage in this aspirational behaviour do get replies from a mate who is out of their league, so perseverance pays off.”

Generally, most people received a handful of replies at best, but a few people received many more. One woman in the study was bombarded with a new message every half hour, from over 1,500 different people in the month long study.

As the data were wholly anonymised, we can only speculate about what it was about this woman that struck the attention of so many men.

The secret to success – keep it brief

Both men and women tended to write longer messages to a more desirable partner, sometimes up to twice as long, but the study found that this barely makes any difference to the response rate.

Dr Bruch said: “I feel that we can save people a lot of work in not writing longer messages.”

Why does writing a longer message not work?

“We don’t really know. One of the reasons might be that people that are desirable may have so many messages in their inbox, they don’t read most of them. That lovingly crafted message that you spent two hours on may go unopened,” said Dr Bruch in an interview with the BBC.

Co-author Professor Mark Newman, also from the University of Michigan, said: “Playing out of your league is one way to reduce the rate at which you get replies. That does not seem to stop people from doing it, and it seems to be standard behaviour. There is a trade-off between how far up the ladder you want to reach and how low a reply rate you are willing to put up with.”

If you aren’t getting any replies, then be patient. Your potential dates might be judging the market before committing to reply at all.

Although the maths is complicated, research has shown that your chance of picking the best date is highest if you reject outright the first 37%. You should then choose to date the next person that’s better than all the previous ones.

Deal-makers and deal-breakers in dating

Previous studies have shown that your dating profile should be roughly 70% about yourself, with the rest about what you’re looking for in a partner. But the problem with this thinking is that it assumes that people are going to read your profile or your message in the first place.

Dr Bruch said: “Women could afford to be more aspirational than they are. Their reply rates are already high enough that they can afford to take a hit.”

You might also want to think about when you reply. Dr Bruch added: “People’s behaviour at two o’clock in morning looks very different from their behaviour at 8 o’clock in the morning. Which is better depends upon what your goals are.”

Man’s not hot

The study showed that women tended to use more positive words when communicating with more desirable partners, whereas men tended to play it cool, showing a slight decrease in positive words.

Reinforcing a well-known stereotype, women’s view of men’s desirability peaked at around the age of 50, whereas women’s attractiveness to men declined from the age of 18.

The authors stressed that this does not mean following these stereotypes is the key to successful dating. People are able to make choices.

Dr Bruch said: “There can be a lot of variation in terms of who is desirable to whom. There may be groups in which people who would not necessarily score as high by our measures could still have an awesome and fulfilling dating life.”

Of course, making contact with dates online is only the first step in courtship. Most messages ended in failure.

Previous research has shown that when people are able to spend proper time together, their characters become far more important than the superficial information that they receive on a dating app.

“I am fascinated with the rules of dating, this paper is the initial leg of that research effort. Once you get past that first response, it is not clear how desirability continues to matter. There is some evidence that people focus on the most superficial aspects of their potential romantic partners at the earliest stages of the relationship and later on those things don’t matter so much.”

According to a report  on BBC

Michael Owen interest in Vietnamese football talents

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Ex-football star Michael Owen is due to make his presence in Vietnam on August 13-14 to have a fan exchange as part of an event launched by a technology company involving his investment.

According to a report on VOV his primary goal during this trip to Vietnam is to seek for the training of young Vietnamese talents as the 33-year-old British striker is destined to land his investment in football academies in the Southeast Asian nation.

Born in 1979, Michael James Owen once played as a striker for Liverpool, Real Madrid, Newcastle United, Manchester United, Stoke City, as well as for the UK national team.

After ending his football career, Owen has become involved in multiple fields such as working as a football commentator, investment in horse racing, property, and blockchain technology.

Over the past three years, he partnered with a few football academies in China and the Middle East.

 

Free English class for children at pagoda in Hanoi

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On a bright Sunday morning, 10-year-old Doan Nhat Minh joins his friends at an English class to take a walk around Hoan Kiem Lake in downtown Hanoi.

The weekend pedestrian street is bustling with locals and tourists going sight-seeing.

Yet today Minh and his friend do not simply stroll leisurely around the lake. They eagerly seek out foreigners to talk with them, collect their signatures and compete for the award for the pair that speaks with the most foreigners.

According to a report on VNS, they stop every group of foreign tourists to start conversations and meet a warm response.

Love to learn: Teacher Duyen (middle) guides her student to make a postcard during an extra class game.

Their topics range from favourite foods, colours and weather to impressions of Vietnam.

“I have just attended the class for one week,” Minh said. “I found it interesting with a lot of games and fun. I just want to learn to communicate with foreigners. I love this seeking and chatting game.”

The game is a regular activity of the free English class for children based in Phap Van Pagoda in the southern outskirts of Hanoi, launched by teacher Tran Thi Huong Duyen.

“We organise the extra class activities like this only ever three weeks, as we are lacking volunteers to manage the teams,” Duyen told Viet Nam News.

Duyen said she runs three classes every Sunday morning for three age categories: kids grades 1 – 4, juniors grades 4-8 and teenagers grade 8 through high school.

Duyen said all the teachers of the class work for free, serving students from all over the city.

“We aim to serve pupils who cannot cover the fees at a language centre,” she said. “When I was small, I also wanted to learn English but did not have money to cover the costs. I used to wish for a free class like this.”

Duyen explained she wanted to use the pagoda space to run the class as she wants the children to not only learn English lessons but also develop a consciousness of ethics and justice at a young age.

“The pagoda is a solemn and tranquil place,” she said. “Children can learn more effectively in such an atmosphere.”

Le Ngoc Diem My, 10, has attended the class for one year and said that she was more confident speaking English with foreigners.

“I’m longing for the class during the weekdays,” she said.

Nguyen Thi Thanh Van, My’s mother, said she visited Phap Van Pagoda and by chance discovered the free English class.

“I think it’s a good model for families with meagre income like mine,” she said. “My daughter now can speak English very well and I don’t have to pay anything.”

She said the teachers print out handouts and lure children with many games.

“The classroom is a prayer hall and children’s tables are the tables that monks use to hold their praying books,” she said. “In this way, the pagoda is really an open space for needy people.”

Say cheese: Duyen (right) takes a photo for her students and foreigners at Hoan Kiem Lake.
Time to talk: Students in the class practise English with a tourist from Canada in Hoan Kiem Lake.

Duyen said the organisers had struggled with many difficulties since launching the class in July last year.

All 25 volunteers have co-ordinated with one another and received supports from the pagoda to run the class.

Children learn from various handouts prepared by the teachers, which are combined with games to turn the class into an easy-going, relaxing and funny learning place.

“Students are not under any pressure in terms of marks or academic records,” she said. “They learn naturally according to their capabilities. They don’t have to be scared of anything like they may be at school.”

Duyen tries to keep each class for a maximum three months and enroll new students so that more and more children can get the knowledge freely.

Volunteers are mostly teaching English at language centres in the city to earn their living.

Duyen herself has joined various charity trips to other localities.

“We teach students in the provinces and bring them the chance to exchange with foreigners,” she said.

Duyen revealed that she wanted to open more charity classes in other areas of the city to meet the increasing demands of needy learners.

“Many students in our class have to travel 20km away from the other side of the city,” she said.

Parent Pham Xuan Quyen is grateful for the class.

“My son has learnt a lot from the class,” he said. “Such a free class should be open in more areas and get support from everyone. I intend to send my smaller son to the class next year, when he is grown up enough.”

Duyen said that since last July the centre has hosted nearly 200 learners.

“They just come and study and don’t have to pay anything,” she said.

“I think Duyen’s project is very humane and she’s implementing it well,” said Pierre Kornig, a retiree from France, who has joined the class as a volunteer. “I like children so I can try my best to help them.”

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