Plastic disposable cups prohibited in some countries, but not Vietnam

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France, the US, Canada and Scotland have said no to plastic disposable cups, but they  are still used widely in Vietnam despite warnings about the existence of carcinogens.

Plastic disposable cups are made of Polystyrene (PS), a kind of cheap lightweight plastic.

A US report showed that when subjected to low or high temperatures, PS can release styrene, an extremely toxic substance. It is an element that can cause cancer, affect DNA , cause neonatal disturbances and nervous system disorders, and change blood concentration.

Even a small volume can have negative consequences on health.

Plastics products usually contain a BPA that is carcinogenic, which can affect brain development and can cause hepatitis, endocrine disorders and infertility.

France is the only country which prohibits the use of disposable plastic items, with the ban expected to take effect from 2020.

To fight against pollution caused by plastic waste, the Scottish government has  prohibited disposable coffee cups at office buildings of the country’s government agencies.

Demand for plastic disposable cups in summer is five times higher than usual because of high demand for sugarcane juice and bubble tea.

Meanwhile, plastic disposable cups are still used on a large scale in Vietnam, especially in summer. Reporters have found that demand for plastic disposable cups in summer is five times higher than usual because of high demand for sugarcane juice and bubble tea.

Nguyen Thu, the owner of a sweetened porridge shop on Nguyen Van Huyen street in Cau Giay district, said glasses are used for the customers who enjoy porridge right at the shop, while plastic disposable cups are used for take-away porridge.

“In winter, I can sell 20-30 glasses of sweetened porridge a day, while the figure is 100 in summer and 60 percent of the orders are take-aways,” she said, adding that she buys 2,000 plastic disposable cups each time and orders cups once every 20 days.

Tuan, the owner of a sugarcane juice shop at Phung Khoang Market, said he only uses plastic disposable cups because of their convenience.

“I don’t have much water to clean glasses here. So, it would be better to use disposable cups,” he explained. “I can save money and time with the cups. They are dirt cheap.”

Bau, the owner of a disposable cup at Dong Xuan Market, the biggest wholesale market in the north, said that these cups sell very well in summer, because of the increased demand for drinks.

“About 5,000-10,000 cups are sold every day,” she said, adding that 50 cups cost VND10,000-20,000. The cups are also sold online.

By Mai Chi, Vietnamnet

VCSC: KEB Hana Bank is potential strategic investor of BIDV

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Korea’s KEB Hana Bank has been confirmed as the potential strategic investor of Bank for Investment and Development of Vietnam (BIDV) by Viet Capital Securities Company (VCSC).

In a report on BIDV, which is one of big four state-run commercial banks, VCSC said the prospect of finding strategic investors of BIDV after eight years was gradually clear, adding that the transaction, if successful, will be an important factor to bring BIDV closer to Basel II standards as required by the central bank. VNS mentioned.

Earlier, Business Korea reported that KEB Hana Bank had decided to expand its business in Vietnam by acquiring a stake in BIDV. KEB Hana Bank is going forward with the acquisition and is reportedly close to signing a deal.

The deal will proceed in a way that BIDV will raise new capital through a capital increase to improve its financial structure, and Hana Bank will purchase the new shares. According to a source, the only remaining process is the approval of State Bank of Vietnam while the work is being finalized.

BIDV started as Vietnamese Construction Bank in 1957. Until 1994, it was operated mainly by the Government. Since 1995, the bank has been actively offering financing, credit, financial and non-financial services as a commercial bank. It has played the role of an agency for the management of funds with domestic and foreign financial institutions.

Earlier this year, KEB Hana Bank chairman Kim Jung Tai met Deputy Prime Minister Vuong Dinh Hue. Tai emphasized the need for co-operation between Hana Bank and BIDV and said the two banks would create good business opportunities if they continued to maintain a partnership in financial technology and mobile payment, among others, in Vietnam.

The Festival of Killing Inner Insects in Vietnam

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Tết Đoan Ngọ, Mid-year Festival, the Fesitval of killing inner insects, or Parasite-Killing Festival, is one of the biggest annual festivals. It falls on the 5th day of May in lunar calendar and has been around for a long time, probably thousands of years.

We may take a deeper look into its given name. As being said, Tết Đoan Ngọ is how it is called, with Đoan: “start” or “beginning”, and “Ngọ”: “noon” that lasts around 11:00 AM till 1:00 PM. Hence, the festival is usually celebrated with the purpose of warding away illness as well as evil spirits.

Photo via static.vietnammoi.vn

Unlike China where Duanwu – Mid Year Festival named by Chinese – is known as a festival to commemorate Qu Yuan (340-278 BC), an ancient Chinese patriotic poet, Vietnamese Tết Đoan Ngọ turns up in its own way. Once upon a time, peasants were eager to their prosperous harvest, then came a dense swarm of insects that severely laid siege to all of their yields. On spur of moment, a mysterious old man showed up, guided the villagers to offer bánh tro (made of glutinous rice flour dipped in lye), and fruits in front of their houses, then went for a warm up. As a surprise, the insects died with all of the sudden. This story has been told every single year through generations. Then 5th of May in lunar calendar was chosen to be a big sort of commemoration and celebration, which got its name as “Tết Giết Sâu Bọ” – “The festival of killing insects” accordingly.

Photo via farm8.static.flickr.com | Banh tro

Vietnamese people hold the event not only just for the story of “killing insects” mentioned above but also for remaining their good health. This time of the year is a shift between two seasons (from Spring to Summer) that is believed to lead to the outcome of some epidemic diseases and illnesses. Then people tend to have foods and drinks like sticky rice wine – com ruou (fermented rice bathed in wine), bánh tro (made of glutinous rice flour dipped in lye) and fruits of sour taste to purge all diseases from their bodies. Above all, to most of our families, the festival is such a good opportunity for a big reunion.

By Oanh Nguyen, Mazevietnam

Expats active in food and beverage startups in Vietnam

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An American sells roast meat, others sell high-end chocolate, and a Singaporean sells frog porridge. They all can see great potentials in the 90 million people market.

According to a report by Vietnamnet, many foreign investment funds have poured money into the F&B (food & beverage0 sector as well.

Lion City Restaurant in Saigon, for example, is run by Singaporean owner Harry Ang, who has been living in Vietnam for 17 years. The workers at the restaurant said the boss, who was trained as an architect, knows how to communicate well with customers.

Ang says the country has high potential for restaurant chains, especially in Saigon, which is considered a ‘small ASEAN’ and the ‘crossroads’ of different cuisines.

He said the opportunities are great as more Vietnamese have demand for quality food bearing local characteristics in a modern space and with quality service.

The opportunities are great as more Vietnamese have demand for quality food bearing local characteristics in a modern space and with quality service.

The owner of Lion City Harry Ang

Meanwhile, Tim Scott and Mark Gustafson from the US run a grilled pork rib restaurant and sell craft beer.

Their Ut Ut and BigCraft restaurants have been prospering as they attract young customers. The fifth restaurant of the chain will open in June and the number of shops is expected to increase to 10 by the end of the year.

Vincent Mourou-Rochebois, a French-American, said some people called him and Samuel Maruta, of France, ‘crazy men’ when they decided to make Marou chocolate. The people said Vietnamese like milk and tea, not chocolate.

However, they bet on chocolate because they could see the great potential and the country’s large cocoa growing area. They believed the most important thing was to have good raw materials.

In 2011, they moved ahead with the plan to make bean-to-bar chocolate, the first of its kind in Vietnam. Four years later, they launched the high-end chocolate brand Marou and put Vietnam on the world’s chocolate map.

An analyst said that Vietnam, like many other markets, is now being exposed to many food trends from all over the globe.

Many foreign investment funds have invested in the F&B sector and foreign brands are seeking franchise contracts in Vietnam.

Mekong Capital, for example, in 2008, poured VND2.6 billion into Golden Gate. In 2016, the Mekong Enterprise Fund III invested $6.9 million, or VND150 billion, into the company which owns the Wrap & Roll chain.

US$1=VND22,000

Vietnam raw material being exported, leaving local processors short

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Vietnamese seafood processing companies are lacking materials for production, forcing some of them to import to meet orders, reported by Vietnam Plus.

Tran Ngoc Tuoi, director of Vinh Thuan Sai Gon Aquatic Products, said the firm now lacks 70-80% of materials compared to 30-40% in the same period of past years. His company had to invite its French partner to Vietnam to see the situation.

Some businesses had to import materials from Taiwan, Indonesia, or Thailand for processing, but as a majority of customers prefer seafood caught in Vietnamese waters, other exporters have had to refuse orders.

One of the main reasons for the shortage is the fishing season, but it is also alarming that near-shore seafood resources have been depleted, said Nguyen Thi Thu Sac, vice chairwoman of the Vietnam Association of Seafood Exporters and Processors.

Another problem is the dominance of private traders in the market, which results in a paradox that local raw material is exported, while processors do not have sufficient volumes.

Rains delay release of rice imported from Vietnam, Thailand

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MANILA — Malacañang on Monday said that cheaper imported rice distributed by the National Food Authority (NFA) has arrived at the Subic Port but has yet to be released due to the incessant rains brought about by typhoon “Domeng” last week.

In a Palace briefing, Presidential Spokesperson Harry Roque said that the Department of Agriculture (DA) has confirmed that 250,000 metric tons of rice from Vietnam and Thailand has arrived and will soon be available for purchase in the market.

The new rice stocks aimed to boost the NFA’s depleted rice stocks were imported through the government to government (G2G) mode, which the agency deems faster than the government to private (G2P) mode.

Roque said that the imported staple will be priced at PHP36 to PHP38.

“Commercial rice is now at PHP36 to PHP38 as a result of the arrival of the 250,000 metric tons of NFA rice from Subic,” Roque said in a statement.

Roque clarified that the imported rice has yet to be unloaded and delivered but once it does, it will be priced even lower.

“However, the rice in Subic has yet to be unloaded because of last week’s incessant rains. Once unloaded, it will be sold at NFA price of PHP 27 to PHP 32,” he added.

Roque, meanwhile, expressed optimism that the prices of rice will soon drop since the imported rice can now be used to boost the NFA’s nearly depleted stock.

He echoed the remark of Department of Budget and Management (DBM) Secretary Benjamin Diokno, who earlier said that the higher prices of rice are due to the NFA’s “incompetence” in declaring a rice shortage.

“Secretary Diokno has been firm that it was gross incompetence for NFA not to have purchased rice during harvest time to ensure na meron silang (that they have) stock,” Roque said in a Palace briefing.

Diokno earlier said that the NFA did not heed the advice of economic managers to let private companies import rice, which would have cut down prices.

Roque clarified that he was not “justifying” the policy of importing rice but noted that the NFA should have purchased enough rice for its stockpile.

He said that the government’s overalls strategy to push for rice tariffication to solve the country’s rice problems by removing unnecessary government intervention in the rice market.

By Azer Parrocha

Do NOT update your iPhone: Frustrated Apple users are complaining that iOS 11.4 is killing their batteries

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iOS 11.4 software update was released to Apple users two weeks ago
Users are reporting battery issues after updating to the latest version
Apple has not yet revealed what is causing the problems or how to fix it
One user claims after the update, their battery began ‘draining faster by 25%’
If you haven’t updated your iPhone to iOS 11.4 yet, you may want to hold off a bit longer.

Frustrated Apple users are complaining that the software update is killing their batteries.

One angry user wrote on Reddit that it caused their battery to drain up to 25% faster, while others say they are constantly having to charge their phone.

Apple has not yet revealed what is causing the problem or how to fix it.

However, some users suggest that the issue may be with the background app refresh feature.

This lets your apps run periodically in the background so that they can update their contents, even when you’re not using your phone.

To turn off the feature, launch the Settings app from your Home screen and select General. Then switch Background Refresh to ‘off’.

If you haven’t updated your iPhone to iOS 11.4 yet, you may want to hold off a bit longer.

Thousands of frustrated Apple users are complaining that the software update is killing their batteries

The iOS 11.4 update, released globally on May 29, gives iPhones the ability to store messages in the iCloud.

It also includes improvements to the controls for Apple’s new HomePod smart speaker and multi-room audio.

However, battery drainage appears to also be a feature affecting devices across the Apple range.

​‘Copyright knights’ volunteer to fight World Cup piracy in Vietnam

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With the 2018 FIFA World Cup matches illegally streamed on different Internet platforms in Vietnam, infringing the copyrights of Vietnam Television, a group of ‘knights’ have dedicated their time and efforts to help the state broadcaster tackle piracy.

VTV is the exclusive telecast right holder for all 64 matches of Russia 2018 in Vietnam. An undisclosed deal entitles the state broadcaster to the rights of airing the matches on all platforms, from TV and radio to the Internet.

VTV also allows some local partners such as HTV and Viettel TV to share its telecast rights on their own platforms.

But in just three days since the World Cup opening on June 14, the national television has detected more than 700 cases of telecast right violations of the football fiesta on the Internet, according to Lao Dong (Labor) newspaper.

VTV has asked a number of law firms specializing in copyright to take on the issue, whereas some local fans have volunteered to find and report illegal broadcasters of the World Cup matches to the genuine copyright holder.

Risk of losing telecast rights

According to Phan Vu Tuan, head of the Phan Law Vietnam law firm, there are currently three main forms of World Cup piracy in Vietnam.

The most common and also most complicated form involves users downloading software programs for mobiles and computers that allow them to stream international television programs for free.

A screen capture of one Facebook account illegally livestreaming a game from FIFA World Cup 2018.

The second type of copyright pirates is websites that illegally relay matches broadcast on VTV and Viettel TV. Some 28 websites employed this tactic to pirate the broadcast of the tournament’s Russia – Saudi Arabia opener, according to Phan Law Vietnam.

The last method is to illegally live-stream the World Cup matches from VTV via Facebook and YouTube, disguising as VTV affiliates.

Some 100 different accounts were found streaming the Russia – Saudi Arabia game, only minutes into the opening match where the hosts claimed a 5-0 win.

Many Facebook accounts even live-streamed the entire matches, including VTV comment sessions before and after the games.

VTV said it had managed to block some of the violations two to three minutes after detection, but many websites would only change into other IP addresses to continue their copyright infringement, according to Lao Dong.

For instance, the number of Facebook and Youtube accounts illegally live-streaming the Portugal – Spain clash was much bigger than those airing the opening game without permission.

Lao Dong said the widespread piracy could lead to the worst consequence, with FIFA suspending all telecast rights for Russia 2018 in Vietnam.

In 2017, Vietnam Cable Television, or VTVcab, was forced to terminate live broadcasts of the UEFA Champions League due to continued copyright infringement from local websites and TV stations.

“It is very unlikely we will be able to obtain and maintain the rights to broadcast such major international events as the World Cup if blatantly copyright infringement remains rampant,” Tuan asserted.

Voluntary ‘knights’

A group of local football lovers did not want to see FIFA bans the World Cup from being officially broadcast in the country, and have emerged themselves as ‘copyright knights,’ working voluntarily to help VTV combat violations.

The team originally consisted of only 11 members, who work for paid television companies or manage TV-themed social media pages and forums, according to tech news website ICTNews.

One YouTube channel with copyright infringement of World Cup 2018 is deleted.

As of Saturday, the group expanded into 23 members, who would ‘scour’ the Internet for illegal broadcast during every live matches.

When detecting violations, the group members will report to Google and Facebook or VTV and HTV for intervention.

Their efforts to prevent World Cup piracy have been proven effective, according to ICTNews.

According to a founding member, illegal live-stream sessions of Russia 2018 matches on YouTube and Facebook started to reduce significantly from Saturday.

“We only found a few violators, whereas the number of infringements was too many to count on the first days of the tournaments,” he said.

“But we will still have to work actively to protect the World Cup copyright [in Vietnam],” he added.

A lot of viewers have also sent links of websites or platforms that infringed the World Cup copyright to the VTV official Facebook page.

Over 200 fans have so far reported around 700 violations to VTV, with the state broadcaster already handling 300 of them.

VTV has also called on cooperation from the Ministry of Information and Communications to help fight against the World Cup piracy on the Internet.

By Bao Anh

Source: Tuoi Tre News

Proof of qualifications will be a must for foreign teachers in Vietnam

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A new government decree – No 86/2018/NĐ-CP – stipulates that domestic and foreign teachers involved in integrated education programs need to provide sufficient evidence of their qualifications.

Under this decree, foreign teachers must hold a bachelor’s degree level in their chosen subjects and teacher training certificates or equivalent. Vietnamese teachers are also required to meet standard qualifications for the grade they teach. VNS, a state-owned news channel reported.

All teachers involved in integrated education programs must have foreign languages proficiency at level five out of six in accordance with Vietnamese law.

The decree allows private kindergartens and schools in Vietnam to link up with legal and accredited educational establishments abroad.

Incorporated foreign educational programs must be accredited by authorized agencies and organizations in their native countries.

The programs must ensure the objectives of Vietnam’s education program, while examinations must be in line with Vietnamese and foreign countries’ laws. Graduates of integrated curricula at senior high schools must be granted graduation certificates from Việt Nam and the foreign country involved.

The education program will be valid for five years and may be extended for a further five.

The document will enter into force on August 1 this year.

The issuance of the decree is seen as a move to tighten regulations on educational institutions that have foreign partners. In April, MOET’s International Educational Co-operation Department asked Newton Grammar School in Hanoi’s Bac Tu Liem District to end its relationship with George Washington International School (GWIS) in the US following the confirmation that GWIS was an unregistered school. After the incident, MOET reviewed all foreign-related educational institutions nationwide. Initial reports showed no similar cases.

Featured photo: Gap360

Vietnam passes bill to allow betting on approved sports events

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The Vietnamese government has passed a new law that allows locals to bet on government-approved sports events, local media reports.

Named the Law on Sports and Physical Training, the new law is said to be based on the 2017 government decree that allows locals to bet on select international football games and horse and greyhound races, which came into effect March 31, 2017.

Under the new law, betting will be allowed for sports events when the government approves a decree proposed by the Ministry of Culture, Sports and Tourism.

However, while football betting has been legalized since March 2017, no actual betting has taken place yet.

There are currently no betting companies authorized to provide betting services in the country. A lack of agreement between relevant ministries on how to organize the bidding process has been a main factor.

However, the lack of betting options has also played a hand in this. Currently, Vietnam allows only betting on international football matches recognized by FIFA and approved by the sports ministry. This includes the World Cup, the Confederations Cup, Copa America, Champions League and Europa League, short tournaments that are few and far between.

One economist, Nguyen Tri Hieu said that bookmakers would suffer heavy losses if they were to only offer betting on FIFA recognized tournaments.

457 deputies voted to approve the Thursday bill, accounting for 94.5 percent of those present in the assembly hall. The law goes into effect on January 1, 2019.

By Asia Gaming

Vietnam celebrates Dragon Boat festival for killing parasitic worms

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Vietnamese people believe that there are so many kinds of parasites living inside human body which appear the most at the fifth day of the fifth lunar month. As such, people try to kill those inner parasites on that day,” Sharing experiment by Nguyen Thi Ty in Hanoi about Dragon Boat festival.

From 6 AM, many people in Hanoi have rushed to the market to buy traditional dishes such as violet glutinous rice, plum, glutinous cake to kill inner insects followed by oral story-telling. It means that for the better new day. (Photo: Minh Son / Vietnam +)
Dishes such as violet glutinous rice, lychee, plum, rambutan, etc. are offered for sale at Hang Be street, Gia Ngu street, Hom Market. But if you don’t get it soon, it’s out of stock really fast. (Photo: Minh Son / Vietnam +)
In some old streets in Hanoi, according to the sellers, the number of buyers of fruits and violet glutinous rice in these days increased sharply. (Photo: Minh Son / Vietnam +)
In the Northern provinces in general and Ha Noi capital in particular, in Dragon Boat festival, people often eat fruit, violet glutinous rice to kill inner insects. Prices of these items are higher than normal days. (Photo: Minh Son / Vietnam +)
Lotus Seed (Photo: Minh Son/ Vietnam +)
Ms. Mai An (Ly Thai To Street, Hanoi) said that she got up very early to buy for incense and kill inner insects. She’s afraid of the stock is out, and can not buy fresh fruit. (Photo: Minh Son / Vietnam +)
The Vietnamese Dragon Boat festival was started at the time of Ngo (as 12 PM) – midday of May 5th of lunar year. From ancient times, the meaning of this day is in the human body, especially the digestive tract often has parasitic worms hidden, if not eradicated it, the worms are growing and not good for health. (Photo: Minh Son / Vietnam +)
Glutinous cakes are also being bought in this day. A seller said that the cake is sold for 50-80 thousand VND per ten. (Photo: Minh Son / Vietnam +)
Lychee, plum and violet glutinous rice are indispensable dishes during the Dragon Boat festival. (Photo: Minh Son / Vietnam +)
The most important dish on Dragon Boat festival is violet glutinous rice. The price is 50-70 thousand VND per kilogram, while other dishes such as lychee for 20-30,000 VND per kg, plum for 30-40,000 VND per kg, etc. (photo: Minh Son / Vietnam +)
Tran Thi Thuy Loan, a seller in Gia Ngu Street said: ‘She sells glutinous rice in here for more than 35 years, every year on the festival of Dragon Boat, she sells by 3-5 times as a normal week. (Photo: Minh Son / Vietnam +)
First translation by VietnamInsider

In Vietnam’s nearly untapped market, foreign retailers dream big

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Convenience store chains battle to modernize a sector built on small business – Nikkei reported.

HANOI — Retailers from across Asia are flooding into Vietnam as the country loosens restrictions on foreign companies, racing to bring convenience stores and supermarkets to a market dominated by small business.

Among foreign companies, manufacturers such as South Korea’s Samsung Electronics have long seen the value in Vietnam, despite the country lagging behind its Southeast Asian peers in economic development. Now retailers are following suit.

One of the newcomers heralding a major foray into the Southeast Asian nation’s retail market is the convenience store GS25, which arrived in downtown Ho Chi Minh City in January.

GS Retail, the operator of South Korea’s top convenience store chain, plans to have 50 of the stores in Vietnam by the end of this year and expand its network here to 2,500 locations within a decade. In its home market, GS25 boasts 12,000 stores.

Out the outskirts of the city, South Korea’s top retailer, E-Mart, has packed three hectares with a vast selection of foods, clothing and household goods, enticing shoppers to pile their baskets high. Modern sanitary controls for the store’s fresh food section are welcomed by shoppers used to the city’s fly-choked marketplaces. Based on the success of its first location in Vietnam, E-Mart is expected to open 10 or more locations in the country.

Meanwhile, South Korean conglomerate Lotte plans to increase the number of Lotte Mart supermarkets in Vietnam to 87 from the current 13. An executive at the group calls the country “the most important market in Asia.”

Total retail sales in Vietnam reached a record of $129.6 billion in 2017.

Vietnam has allowed 100% foreign ownership of retail businesses under certain conditions since 2009, two years after acceding to the World Trade Organization. This puts it ahead of Indonesia and others in terms of market openness. Free trade and economic partnership pacts with countries, including Japan, have encouraged further liberalization.

In 2016, the country lowered barriers to opening stores under 500 sq. meters, and foreign convenience store chains flourished. Under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, signed in March, these companies will eventually be able to expand without any further government screening.

Japan’s Seven & i Holdings plans to have 1,000 7-Eleven stores in Vietnam by 2027, and Thailand’s B’s Mart chain is aiming for 3,000 locations. One resident of Ho Chi Minh City said she hardly goes to the market anymore: “Convenience stores are becoming more numerous — they’re very convenient.”

Mom-and-pop retailers and small chains have long dominated Vietnam’s retail landscape, and continue to do so today. Modern grocery retailers — supermarkets, convenience stores and the like — make up only 5.4% of Vietnamese food sellers this year, the lowest figure in Southeast Asia.

But as incomes rise, more Vietnamese are willing to pay higher prices for higher-quality foods at modern stores. Vietnam’s economy is growing around 7% annually, and per capita gross domestic product reached $2,385 in 2017. In Ho Chi Minh City, the figure is over $5,000.

This spells a major opportunity for foreign chains, as Vietnam only has around 1,000 supermarkets and 2,000 convenience stores at present — one-20th and one-30th of the numbers in Japan.

The prospect of foreign capital flooding the retail market has alarmed some. “If overseas companies come to dominate, it will be domestic companies and the Vietnamese people who pay the price,” said a member of the country’s parliament.

But domestic players are not sitting by idly. VinMart+, the convenience store arm of real estate heavyweight Vingroup, plans to quadruple its network to 4,000 stores by 2020. MobileWorld, Vietnam’s top cellphone retailer, has built its supermarket business to 375 stores in three years, and targets 500 locations by the end of this year.

Vietnam is in need of several thousand modern retail stores, according to Nguyen Duc Tai, chairman and CEO of MobileWorld. “If we build the stores, we’re bound to capture a certain level of market share.”

Vietnam: reconciling the diaspora

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In 2018, Vietnam and Australia marked the 45th anniversary of bilateral diplomatic relations by upgrading their ties to a strategic partnership.

On this occasion, however, it is hard not to reflect on the disparity between the Vietnamese diaspora and homeland. Almost 45 years after the Vietnam War, the Vietnamese as a people are still divided, and reconciliation is long overdue.

For me, memories of a recent mid-autumn festival linger in my mind. An event was held to celebrate the shared tradition of Vietnamese Australians and Vietnamese newcomers, and it attracted a very large gathering of Vietnamese expats.

Yet I was stunned when the host of the festival asked all present to salute the national flag of the Republic of Vietnam, and to retake the oath to free Vietnam of communism. At the very least, this seemed inconsiderate given the large number of children in the crowd eager to enjoy lion dances and musical performances.

The Vietnamese community in Australia comprises approximately 500,000 people, and is the fifth-largest immigrant population in the country, according to the 2016 census. The community largely derives from two sources: political refugees after 1975 and their descendants; and economic migrants who stayed on after completing their studies.

This has created a schism in attitudes. According to a 2016 study by Danny Ben-Moshe, Joanne Pyke, and Liudmila Kirpitchenko, the Vietnamese Australians after 1975 share a “victim” consciousness, while the second generation and newcomers do not want to get involved with politics.

Even within the same family, there exists a wide gap between the older generation and their offspring when it comes to ideologies and political stances. This ideological gap translates into a generational gap, where youngsters sometimes accuse the elderly of holding on to a grudge towards the current regime in homeland Vietnam.

Because ties to the homeland cannot be severed, old pains grow anew and are refreshed. Each year on 30 April, when Vietnam celebrates the so-called “Liberation and Reunification Day”, the Vietnamese diaspora take to the streets to commemorate their “National Resentment Day” (Quoc Han), or words to the same effect. Year after year, there have been mass demonstrations against Vietnam’s Communist Party in front of the Vietnamese embassy in Canberra. Most of the protesters are at least in their 60s.

This prolonged divisiveness prompts a valid question about Vietnam’s engagement with its diaspora communities. Diasporas are often considered messengers and bridge-builders that can facilitate relations between their home and host countries.

Yet a prerequisite is that the home country must effectively engage with its diaspora, which may not be the case for Vietnam. In fact, according to historian Peter Edwards, the negative attitudes of the Vietnamese community in Australia used to present a major obstacle to closer bilateral ties.

While there have been multiple engagement activities under the purview of Vietnam’s State Committee for Overseas Vietnamese Affairs, it seems like the focus is on financial links. On other fronts, including in political, legal, and emotional arenas, there has been little comfort.

As of May 2017, only 15 overseas Vietnamese people had successfully gained residential ownership in Vietnam, despite the fact that an amended and supposedly more flexible housing law was introduced in 2015.

For all intents and purposes, the Vietnamese diasporas are a force to be reckoned with. By the end of 2015, Vietnam received more than US$12 billion in remittances, 90% of which were from the US, Australia, Canada, Germany, and France. The remittances are not only for family, but also contribute to investments.

In 2017, according to Vietnam’s Foreign Minister, more than 2100 businesses partly or wholly owned by overseas Vietnamese have invested in 52 provinces, totalling $2.92 billion. Vietnam sends the sixth largest group of international students to Australia – approximately 25,000 – the majority of which are self-sponsored.

No matter how and why the Vietnamese people have become disintegrated, they still share a relatively homogenous culture and a common national identity. To tap the full potential of Vietnamese overseas, the cause of reconciliation should be stepped up.

There have been people-to-people diplomatic initiatives at the grass-roots level. An example is the newly founded Vietnam Centre in Sydney that aims to act as a link between Vietnamese at home and abroad to promote the ancient culture of Vietnam. Another example is the Australia Vietnam Young Leadership Dialogue whose vision is to facilitate collaboration among young leaders.

However, it is unlikely such initiatives will win popular support or wield much influence without an official endorsement by the Vietnam’s government.

The Government of Vietnam should be one that holds out an olive branch to the diaspora community, for the greater good. And a focus on the cultural roots of the Vietnamese people may present the best chance to find common ground.

Every year on 30 April, many Vietnamese people’s feelings still resonate with this statement by former prime minister Vo Van Kiet:

[On this day] millions of people are happy, and millions of people are sad. We need to heal the common wound of our people instead of causing more bleeding.

Vietnam has succeeded with its “close the past, look forward to the future” policy towards the US, but the same cannot be said about healing the rift among millions of Vietnamese people.

By Vu Lam

Remains of pilot died in Vietnam returned to family

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U.S. Air Force Col. Peter J. Stewart was flying a F-4C over North Vietnam on March 15, 1966 when he was shot down. Until recently, he was missing in action.

A couple of months ago – the U.S. government identified his remains, which were found at the crash site. Fox News Channel 13 reportes.

After 52 years, he has now arrived home to his family for a dignified burial.

They met the plane on the tarmac at Tampa International Airport Saturday afternoon, and a motorcade escorted them back to their home in Polk County.

“This experience was huge, it was huge for my family, and after 52 years, my grandmother and her six kids have their dad home for Father’s Day, so we’re very excited to welcome him back,” said Margaret Stewart, Col. Stewart’s granddaughter. She added that the family is grateful for the outpouring of support from the community.

There will be a service at Oak Ridge Funeral Home in Col. Stewart’s honor on Sunday, and on Monday there will be a mass at St. Matthew’s Catholic Church.

Vietnam Techcombank to increase charter capital to 1.53 billion USD

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The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will increase its charter capital to nearly 34.97 trillion VND (1.53 billion USD).

According to VNA’s report, the plan was approved by the bank’s shareholders at an extra meeting on June 14.

Techcombank’s charter capital currently stands at nearly 11.66 trillion VND, and the increase of over 23.31 trillion VND corresponds to over 2.33 billion shares expected to be issued with a par value of 10,000 VND per share.

The total number of Techcombank shares after raising capital will be about 3.5 billion shares.

As a result of the increase, shareholders will receive more shares at a ratio of 1:2 for each share, with each shareholder receiving two new shares. The charter capital increase procedure will be completed in July in accordance with the law.

The issuance of shares will be implemented in the third quarter of this year. The plan is expected to help increase liquidity, facilitate trading on the floor by shareholders and investors, and provide the bank with more capital sources for growing reinvestment in the coming years.

Nguyen Le Quoc Anh, general director of Techcombank, said this was a good time to increase charter capital as Techcombank had completed the sale of treasury shares to international investors and officially listed on the HCM Stock Exchange (HoSE). The bank has also used retained earnings for many years to implement its 2016-20 strategy, focusing on building a solid foundation to generate revenue and profits and reduce risks.

Techcombank will continue to focus on banking development strategy in the near future to achieve business results consistent with sustainable growth goals approved by the Board of Directors and shareholders, Anh said.

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