Two fatally slashed, three injured by motorbike thieves in Ho Chi Minh City

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Police are seen at the scene of the incident in Ho Chi Minh City on May 13, 2018. Photo: Tuoi Tre

Two members of an unofficial ‘street guardian’ group were slashed to death, while three others were wounded as they tried to stop a gang of thieves from stealing an expensive scooter in Ho Chi Minh City on Sunday night.

The incident took place in front of a store on Cach Mang Thang Tam Street in Ward 10, District 3 at around 9:00 pm, involving five ‘street knights,’ people who voluntarily patrol their neighborhoods to detect and catch criminals, and four motorbike thieves, according to police.

The ‘street knights’ had been followed the gang of thieves from the nearby Tan Binh District when they saw them stopped in front of the store and started to steal an SH scooter parked there.

As the ‘street knights’ jumped in and besieged the thieves, the criminals managed to run away on two motorbikes.

The thieves had been chased by the vigilantes for a few hundred meters, when they immediately stopped and took out different weapons to aggressively fight back.

As they are not recognized as authorized law enforcement officers, all ‘street guardians’ are not allowed to be armed for their own protection.

The thieves fatally slashed two ‘street knights’ and wounded three others before fleeing the scene.

The deceased were identified as Nguyen Hoang Nam, 29, a Ho Chi Minh City resident, and 42-year-old Nguyen Van Thoi, hailing from the south-central province of Binh Dinh.

The injured ‘street knights’ were immediately rushed to the hospital, with one of them being in a critical condition, according to officers.

One of the injured ‘street knights’ is seen at a hospital. Photo: Tuoi Tre

Police are still investigating the case.Ho Chi Minh City police have examined the scene of incident, performed autopsy and collected testimonies from eyewitnesses.

By Son Luong, Source: Tuoi Tre News

Nokia 8110 banana is officially on sale in Singapore and Vietnam at $80

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The vintage Nokia 8110 banana phone, which was showcased earlier this year at MWC 2018, is officially going on sale in Singapore and Vietnam for around $81 (approx VN 1,500,000). The phone was unveiled in two colours of Black and Yellow and both the colour variants will be up for sale.

The Nokia 8110 is a real blast from the past with its sliding keyboard and it is popularly remembered from the movie The Matrix. In terms of hardware, the phone is basically a feature phone with 2.4-inch QVGA display along with a 2 MP rear camera. First post reported.

Apart from that, the phone will also have 4G LTE connectivity and apps such as Google Maps, Facebook, and Twitter. The phone also will have 20 days of battery life and also support 8 hours of call time.

Recently, Nokia announced that it would be bringing the 4 GB RAM + 64 GB storage variant of the Nokia 6 (2018) to India. The phone has already started selling in India for a price of Rs 16,999.

To recall the Nokia 6 (2018) features the same design scheme as last years Nokia 6, with the exception of shifting the fingerprint sensor to the back. The display also sports the same 16:9 aspect ratio as before.

Vietnamese orphans thrive with help from San Jose nonprofit

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When Phi Nguyen walked into the Dieu Giac orphanage in his native Vietnam one December day, he greeted dozens of small children, immediately engaging them with a sleight of hand magic trick where an entwined rubber band seems to mysteriously shift from one finger to another. The kids were skeptical and awed at the same time.

According to a report by mercurynews.com, in this orphanage, children surrendered by some of the country’s poorest families are given a second chance — a chance to thrive. They’re clothed, fed and taught basic skills, the result of the dogged philanthropic efforts of a small, grassroots Vietnamese organization in San Jose.

Nguyen, of San Jose, makes frequent visits to his home country as program director of VNHelp. For nearly 30 years, the nonprofit has assisted some of the poorest and most vulnerable communities in Vietnam through a slew of programs focused on education, health, clean water, economic development and assisting street children and orphans. But across the six orphanages managed by the organization, VNHelp leaders noticed a startling gap: while the nearly 500 orphans under their care are well-fed and clothed, they lack social and developmental skills, career guidance and the emotional support to face the psychological damage many of them have experienced at a young age.

The absence of those resources leaves many of them with no clear plan for the future — and with significant obstacles — once they age out of the orphanages.

“In our program they are taken care of in terms of physical needs,” said the organization’s founder, Thu Anh Do. “The thing they lack most is mental development.”

“When they go into the teenage ages, they face difficulties because they don’t have mentors,” she said.

Nguyen said the teens can legally stay at the orphanages until they turn 18. “But most of them don’t know what to do after that,” he said.

So, after more than 20 years — and with the help of dozens of San Jose donors looking to stay connected to a country many of them left after the Vietnam War — the organization is marking a new chapter in its philanthropy with a program aimed at addressing this gap.

Six psychology and sociology students joined one of the orphanages, Dieu Giac, in March to provide counseling, psychological care and special education to some of the neediest orphans, with the hope that it’ll give them the developmental skills to successfully integrate into society once they age out of the orphanage.

VNHELP President and Executive Director Thu Do, left, speaks with a donor at the VNHelp office in Milpitas, California, on Thursday, March 22, 2018. (LiPo Ching/Bay Area News Group)

“We want the kids to have a stable life with a real job where they can make a living,” said Do. “We’ve learned in the past of some kids who have moved out of the orphanage and they just do odd jobs. Odd jobs mean a very unstable income, and we worry about what’s next for them.”

At the same time, the program aims to provide career development to the psychology students to increase their chances of finding jobs in their field after graduation — an obstacle many students face in their young careers.

The organization collaborated with local universities to offer scholarships to psychology and sociology students who submitted project proposals that could be applied at the orphanages, such as special education programs for kids with developmental disabilities.

“Right now (orphanage leaders) play the role of nannies, they provide physical safety and so on, but the kids need more,” said Nguyen, who’s transitioning out of a successful tech career in Silicon Valley to focus full time on his philanthropic efforts.

Scholarship recipient Tinh Le, a student at Nhan Van University, a university of Social Sciences and Humanities, said she chose psychology as a career path “to discover myself” and those around her.

At the Chua Tu Hanh orphanage — run by Buddhist monks contracted by VNHelp — an ornate temple hovers over the entire compound. On one December morning, incense sticks burned in pots and candles were lit as people prayed at the temple. On the complex was also a building where blankets are manufactured or sewn, outdoor covered tables for lunch, and various buildings where children slept.

During a recent visit, Le worked with Tran Thi Tuyet Dung, who was dropped off at the Dieu Giac orphanage when she was 5 or 6 and diagnosed with a delayed developmental issue.

No one has ever come to visit her, and the orphanage director worries about her being sexually abused, as she has a body of a woman but “a child’s brain.” Orphanage director Van Thi Thu Thuy said Dung was once returned to the orphanage with a 500,000 VND bill ($20) after being outside and didn’t say where she got the money.

Part of Le’s project proposal includes hiring teachers to teach sexual education at the orphanages, a topic she says isn’t discussed openly enough, especially for the teens who lack mentors.

“Vietnamese society doesn’t pay attention to… hasn’t paid enough attention to sexual education,” she said. “Even though it’s really needed.”

Nguyen and Do plan to expand the scholarship program to two additional orphanages in the following months and, eventually, to all six.

“We don’t want them to come back to the orphanage after they turn 18,” said Nguyen. “We want that to stop. We want them to graduate completely, to integrate into life.”

By LIPO CHING and TATIANA SANCHEZ

MoH mulls alcohol sales ban

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The Ministry of Health has drafted a law on alcohol abuse, in which it proposes creating a ban on the sale of alcohol during certain hours.

The draft law is due to be submitted to the National Assembly (NA) for discussion late this year and to be voted in the first NA meeting in 2019. Currently, lawmakers are still in the process of collecting public opinion on the proposed measures.

The law considers three scenarios for restricting hours of alcohol sales. In the first one, no alcoholic drinks are allowed to be sold outside two time spans of 11:00 and 14:00 and 17:00 to 22:00, except in airports’ international terminals and on food, entertainment and tourist streets. In the second scenario, alcohol sales are legal only between 6:00 and 22:00 except on special streets. In the third scenario, while local authorities will decide the banning hours themselves.

The idea of banning alcohol during certain hours was introduced in the initial draft law on preventing harmful effects of alcohol abuse, which has been in the works for more than 10 years. Lawmakers, however, had to remove it due to the controversy and protest it stirred, before trying to put the regulation back into the latest draft.

According to the Việt Nam Beverage Association, the amount of beer consumption in Việt Nam last year reached about four billion litres.

A survey by the health ministry between 2000 and 2005 showed that the number of men drinking alcohol at a harmful level stood at about 20 per cent while a similar survey in 2015 showed the number shot up to more than 44 per cent.

The Ministry of Health’s Department of Legal Affairs deputy director Trần Thị Trang said that the law aimed to tackle the increasing alcohol abuse in Viet Nam and its impacts on citizens’ health and society.

The law, she added, would target not the drinkers but those who sell the alcohol.

“Supermarkets or big shops are all equipped with machines recording sales, through which we can check what time it is when an alcohol sale is made. We can also check and fine smaller shops if there is photo or clip [proving wrongdoing],” Trang told Tuổi Trẻ (Youth) newspaper.

Source: VNS

Aeon to open 6th mall in Vietnam

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Major Japanese retailer, Aeon, is building a new shopping mall in Vietnam. The Japanese retail industry is increasing efforts to expand its operations in the fast-growing Southeast Asian and Chinese markets, to cope with a shrinking population and sales back home.

Aeon’s 6th mall in Vietnam is being built in the port city of Haiphong, about 100 kilometers from the capital, Hanoi.

The 3-story structure will have 74,000 square meters of floor space. The outlet is set to open in 2020.

Around 500 people gathered at the groundbreaking ceremony on Sunday. Attendees included Vietnamese Prime Minister Nguyen Xuan Phuc.

Japan’s Ambassador to Vietnam, Kunio Umeda, spoke at the event. He said the mall will create many jobs and contribute to regional economic growth, as restaurants in it can use local ingredients.

Aeon Mall President Akio Yoshida said the firm plans to further expand its store network in Vietnam.

Aeon launched its 1st mall in the country 4 years ago to tap Vietnam’s more than 6 percent annual growth.

Fintechs, with technology and big data, jump into consumer lending market

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Commercial banks are becoming digitalized, while fintechs, with great advantages in technology, have joined the consumer lending market.

Nguyen Thanh Lam, 28, from Phu Nhuan district in HCMC, plans to buy a scooter worth VND30 million. With monthly income of VND8 million from mobile phone repair, Lam can save VND1-2 million a month and pay debts.

However, Lam cannot access bank loans to buy the scooter because he could not satisfy requirements of banks. He is considering borrowing money from finance companies. However, the lending interest rates of over 20 percent per annum were too high.

Lam and others like him could become a client of fintechs, which, by effectively exploiting big data, have step by step broken the barrier in consumer credit.

Vietnam is one of the countries with the highest consumption/GDP ratio in Asia.

A report from the Economist Intelligence Unit (EIU) in 2015 showed that the total consumption of Vietnamese individuals and households was $127.7 billion, and the consumption/GDP ratio was 67 percent.

The figure was higher than that of developed countries such as the UK (65 percent), Germany (54 percent) and Japan (59 percent). EIU predicted that the consumption growth rate in Vietnam in coming years would be equivalent to GDP growth.

According to the National Finance Supervisory Council, outstanding consumer loans by the end of November 2017 had increased by 59 percent, compared with the end of 2016, which was much higher than the total credit growth rate of 15.3 percent.

The consumer credit growth in 2017 continued from two groups of suppliers – commercial banks and finance companies. While the former focuses on lending with mortgaged assets, lending via credit cards and overdrafting, the latter lends to fund cars, motorbikes and household appliances.

Finance companies have been stepping up lending in cash and most of the loans do not require collateral. Some finance companies even do not require borrowers to prove their incomes and debt payment capability.

According to LBP Research, Vietnam has 65 million people aged 15-65 whom commercial banks cannot access. The figure worldwide is 2 billion people, according to the World Bank.

Finance companies provide 12 percent of total consumer loans, while official consumer credit only serves 30 percent of customers who have demand.

Small loans and high risks create a barrier which prevents borrowers and lenders from meeting. However, fintechs, or mobile payments, could break the barrier.

Fintechs are expected to be the biggest rival of commercial banks and finance companies in the near future.

By Mai Chi

Source: VietNamNet

New Crypto Exchanges Open in Korea, Thailand, Vietnam, and the Philippines

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The number of new cryptocurrency exchanges is rapidly growing worldwide. This new crypto exchange roundup features four platforms located in South Korea, Thailand, Vietnam and the Philippines.

South Korea’s Coinbit

South Korean game developer Axia Soft Co. Ltd. has recently launched a crypto exchange called Coinbit. For its grand opening, the exchange is offering zero commission trades until the end of May.

Coinbit says 50 cryptocurrencies will be listed initially and more than 100 coins will be listed by the end of the year. Among supported cryptocurrencies are bitcoin, ether, ripple, bitcoin cash, ethereum classic, litecoin, waves, stox, eos, vechain, omisego, qtum, and neo.

Thailand’s Jibex

New Crypto Exchanges Open in Korea, Thailand, Vietnam, and the PhilippinesCryptocurrency exchange Jibex has recently opened its doors in Thailand. The exchange is backed by IT company J.I.B. Computer Group Co. Ltd, a distributor and seller of computer hardware and IT trading products with 150 stores nationwide.

Initially, only five cryptocurrencies will be supported: bitcoin, bitcoin cash, ether, litecoin, and ripple. More will be added in the future, according to Jibex CEO Thuntee Sukchotrat. The exchange also offers a wallet supporting those five cryptocurrencies.

For the grand opening, Jibex is waiving its commission of 0.24%. No trading fee will be charged for 45 days ending on June 26.

Jibex Chairman Dr. Thantharaksuk Chotirat commented: “The partnership with J.I.B. Computer Group (JIB) will give users peace of mind and confidence in their investment. The service is good, fast and attentive to all customer needs.”

Vietnam’s Kenninex

Kenninex crypto exchange has recently launched in Vietnam, headquartered in Ho Chi Minh City.

The exchange claims to be “the first live cryptocurrency exchange in Vietnam…[and] the first e-money trading platform in Vietnam to have a trading office where investors can experience our services as well as receive effective investment advice,” according to its website.

Customers can currently convert bitcoin and ether into VND and vice versa. The transaction fee is usually 0.4% but has been reduced to 0.2% for the first month of launch, according to local media.

The Philippines’ Coinvil

While Coinbit, Jibex, and Kenninex have already launched, this next exchange has not. South Korean blockchain technology and services company Glosfer and Coinvil have agreed to collaborate to build and launch a cryptocurrency exchange in the Philippines. Glosfer will build the platform while Coinvil will operate the exchange. Coinvil CEO Park Rae-hyun commented: “The Philippines will become the largest cryptocurrency trading market that connects Europe and Asia.”

By Kevin Helms

Source: Bitcoin

Do we want to reverse or advance our brain drain?

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Truong Nguyen Thanh, a professor at the Lotus University in HCM City (Hoa Sen) who shot to fame when he taught a class on innovation wearing a pair of shorts has come up short at the hand of some bureaucrats’ rigid interpretation of regulations.

VNS reported, the professor, also famous for encouraging students to think outside of the box, was chosen to fill the vacant position of the university’s chancellor by its board of directors, but the municipal education department vetoed the move, citing a “lack of experience”.

Dr. Truong has since decided to part ways with the university, returning to a position he held earlier in a prestigious school in the United States.

The relevant rule being cited from the Law on Higher Education says that a candidate must hold a doctoral degree and have at least five years of experience in a management position, either as faculty dean or the head of a university office to qualify for promotion as chancellor.

Since Dr. Truong has only served as vice chancellor of Lotus University since January 2017, he is not qualified for the position as per current laws, no matter how strong his academic profile and background, the department contends.

Born in 1962, Dr. Truong earned his PhD in computational chemistry from the University of Minnesota in 1990. He taught at the University of Utah between 1992 and 2002, and served as president of HCM City’s Institute for Computational Science and Technology from November 2007 until June 2017. His experience in both the United States and Vietnam would make him an ideal candidate for the university’s top job, one would have thought.

Our bureaucrats think otherwise. One wonders whether they thought of, or bothered about, the wider ramifications of their rejection.

The rejection has made headlines in Vietnam for several days, and the general reaction has been one of surprise and anger, stirring up fresh criticism against such rigid interpretation of regulations at a time when serious efforts are being made to encourage talented citizens and diaspora to return home and serve the country, particularly in improving the quality of higher education.

In Professor Truong’s case, the question of his competence to lead a university does not arise. His record is one that would attract and inspire younger generations to achieve similar excellence and serve their home country.

Will they think the same now?

While the department’s rejection can be seen as objective and rational from a very narrow point of view, education expert Phạm Hiệp says there’s no clinching evidence that shows a person with five years of management experience can automatically perform well as a chancellor.

Director of the Education Ministry’s Higher Education Department, Ms. Nguyen Kim Phung, admitted that the regulation on appointing university chancellors has its limitations. “The regulation is not suitable for some cases and it cause difficulties in choosing talented people for such positions,” she told the Vietnam Television.

There are so many factors that have to be assessed in a prospective candidate for a university chancellor’s position, including professional capacity, educational background, experience, ethical standpoint and so on, but to stand rigid on the minimum five years of experience in a management position, either as faculty dean or the head of a university, has not served the purpose of the rule, which is to get properly qualified people in top positions. Instead, in this particular instance, it has done the opposite – rejected an obviously qualified candidate.

In many developed countries, a university chooses its leaders on its own, based on different conditions and requirements, depending on each development period. The focus for each period can differ. It can be fund raising, for a certain phase, political and diplomatic outreach for another phase, and boosting enrollment for yet another phase. So a chancellor is not necessarily one who has years of working experience at a university. A university can even recruit a person from outside to work as a chancellor because he/she has relevant experience and skills required for that particular phase.

And it is not just the education sector that does this. The health care sector does the same. Many hospital directors are not doctors. They could be lawyers or specialists in hospital management.

Thành’s case highlights shortcomings in Vietnam’s policies to attract talents from overseas to work in the country. The professor said in a Facebook post that he has set aside his dream of supporting the development of Vietnam’s higher education to return to the US and take up his old job at the University of Utah.

There is still a big gap between our policies and reality. Such cases show that many preferential policies adopted can run into a brick wall of rigidity.

We have to remember that ultimately, in such failures, it is our students, our younger generations that lose out.

We should understand why only one of the 15 winners of the “Road to Mountain Olympia’s Peak” quiz shows has come back to Việt Nam to work after graduating from universities in Australia. Many overseas students, especially research fellows, choose not to return to Việt Nam, so that they can work in really professional environments, where they do not have to constantly think of making ends meet or rely on unprofessional, non-meritorious factors for career advancement.

A report prepared by the Ministry of Education and Training some years ago showed that a shocking 70 per cent of students studying abroad did not return after graduation. The report made headlines in all local newspapers, but there has been no slowing down of the brain drain.

The 2018 Global Talent Competitiveness Index, published in January by INSEAD, the Business School for the World, ranks Vietnam 87th out of 119 surveyed countries. Switzerland leads the rankings, followed by Singapore. The report is a comprehensive annual benchmarking measuring how countries and cities grow, attract and retain talent, providing a unique resource for decision makers to understand the situation and develop strategies for boosting their competitiveness.

Professor Truong Nguyen Thanh’s case should be taken as an opportunity for policymakers to review regulations as well as their interpretation. We need flexible laws that can be interpreted and implemented in ways that would meet their actual objectives.

Surely, reversing the brain drain is a no brainer; as is attracting talents from around the world to contribute to preparing and developing our country to succeed in the Industry 4.0 era. The lesson is fundamental: If we don’t learn from our mistakes, we are doomed to repeat them.

Bringing innovation to local customers, Xiaomi Vietnam lures huge fan base

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The first Mi Store of Chinese technology giant Xiaomi in Vietnam’s Hanoi capital did not officially opened until 10 a.m on Saturday, but hundreds of Vietnamese people flocked here and made two parallel long queues as early as from 3 a.m. local time. Reported by ecns.com

“I queued up here from 3 a.m. this morning. I’ve already used a Redmi Note 3 Pro and a 10,000-mAh Mi power bank for two years. They’re still running very well, so I won’t buy the latest model, Redmi Note 5 Plus, but I want to buy a portable Wi-Fi device,” Dao Duy Hoa, a fourth-year-student at the Hanoi Academy of Theater and Cinema, told Xinhua on Saturday when he topped one of the two long queues.

Wearing a black T-shirt, the young man, who will graduate next year to become a cameraman, said in the near future, he will replace his Redmi Note 3 Pro with the latest Redmi model because Xiaomi smartphones have high-end configurations but reasonable prices.

“Redmi models look very stylish, and their good specifications serve me well in terms of both work and entertainment,” he said.

Queuing up later than Hoa, but Nguyen Khanh Tung, a fourth-year student at the Hanoi University of Industry, and his girlfriend still managed topped the other long queue.

“I live in Hanoi, but my girlfriend lives in Bac Ninh (the nearby northern province), so I picked her up yesterday and came here early this morning, Tung told Xinhua while standing behind his girlfriend.

Wearing red T-shirts, the duo said they were eager for the grand opening of the first Mi Store in Hanoi to buy some latest products of Xiaomi.

“Over one year ago, we bought two Mi power banks and two Mi wristband bracelets. Today, we want to buy two fashionable backpacks or suitcases for our journeys. Now and forever,” said Tung, smiling.

Another girl named Bui Thu Huong, a marketing staff of Vietnamese telecommunications and software firm DTH, talked about tech trends in the world and Vietnam, including those relating to Xiaomi products.

“I’ve used various kinds of Xiaomi items, ranging from smartphones to the smart wristbands with OLED displays which can monitor my heart beats, sleeping patterns, steps and calories burnt, and vibrate to remind me of calls, messages and notifications from Facebook. This morning, I want to buy a backpack and a teddy bear, no, a bunny from this Mi Store,” Huong said.

Not only Vietnamese youths but also many middle-aged and elderly people are tech-savvy.

“I’m old and weak, so this robot vacuum cleaner may be a great help,” Nguyen Thi Thanh, a resident of Times City where Xiaomi’s latest Mi Store is located, said, while gently rubbing a white round disk-like product named Robot Vacuum.

According to the store’s sales staff Le Thi Tuyet Mai, the store received many customers asking about the latest products, ranging from Mi MIX 2 with a price of 12.9 million Vietnamese dong (568 U.S. dollars), Redmi 5 Plus costing 3.99 million Vietnamese dong (nearly 175.8 U.S. dollars) each to Mi LED desk lamp worth 722,000 Vietnamese dong (31.8 U.S. dollars).

Vietnamese people, both youth and old, like Xiaomi products, mainly because they have good configurations, eye-catching styles and reasonable prices, Nguyen Duc Ha Phong, a representative of Mi Fan Club in Hanoi, told Xinhua.

Phong, a third-year student at the Hanoi-based Military Technical Academy, said there are now some 113,000 Mi fans across Vietnam.

“We discuss both online and offline everything relating to Xiaomi, mainly sharing ways of using its products for better studies and work as well as for better health,” Phong said.

Xiaomi, which first officially entered Vietnam over a year ago, has already rolled out seven authorized Mi stores in the country, including five in Ho Chi Minh City, one in central Thanh Hoa province, and one in Hanoi.

Jack Yung, Xiaomi Vietnam country manager said, “Ever since our first store opening in Vietnam, people have been asking us ‘When will you open in Hanoi?’ And it’s thrilling to be here today delivering on our promise to Mi fans in the capital.”

“We are a company devoted to bringing innovation to everyone. It’s about making people across Vietnam to have an easy access to our smartphones and eco-products,” the manager said.

Editor: Gu Liping

Vietnam Digest: SCIC targets selloff in 134 firms; Flag carrier to move listing to HoSE

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The State Capital Investment Corporation (SCIC) will offload stakes in 134 enterprises in 2018-2020 while national flag carrier Vietnam Airlines will move its listing from Unlisted Public Company Market (UPCoM) to Ho Chi Minh City Stock Exchange (HoSE).

Deal Street Asia reported, SCIC will offload stakes in 134 public enterprises in 2018-2020

The State Capital Investment Corporation (SCIC), Vietnam’s sovereign fund, said it would step up state capital divestment to cover a total of 134 enterprises during the 2018-2020 period. It will, however, continue to hold its interest in two enterprises – technology major FPT Telecom and its subsidiary SCIC Investment Company, local media reported.

According to a detailed divestment plan, the sovereign fund aims to offload capital in 121 businesses this year. It plans to offload its stakes at Tien Phong Plastic Joint Stock Company, FPT Joint Stock Company and Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) again this year after its failed attempt in 2017.

The companies in the thermal power sector will also be part of SCIC’s divestment plan. These include Quang Ninh Thermo-power Joint Stock Company and Hai Phong Thermo-power Joint Stock Company. Other major names in the divestment list include Domesco Medical Import-Export JSC, Bao Viet Group, Thang Long Corporation and Vietnam Vegetable Oil Industry Corporation.

Vietnam Dairy Product JSC (Vinamilk) and Vietnam Military JSC (MB Bank) and Hau Giang Pharmaceutical JSC, however, are not among companies that the state is looking to divest this year.

SCIC earlier successfully sold 29.52 per cent stake in Binh Minh plastic JSC to Thailand’s Nawaplastic Industries to earn VND2.33 trillion ($103 million). Nawaplastic Industries increased its shares to 51 per cent of total capital at the plastic firm. Vietnam Airlines’ shares to be listed on HoSE National flag carrier Vietnam Airlines (HVN)’s shareholders have approved a plan to move its shares from UPCoM to Ho Chi Minh City Stock Exchange (HoSE). At the annual shareholders’ meeting May 10, the airline announced that the plan to move from UPCoM to HoSE will be conducted after the completion of the sale of 191 million shares to current shareholders.

The state-owned airline earlier announced plan to issue more than 191 million shares at VND10,000 ($0.4) apiece to current shareholders with the aim of increasing its charter capital.

“The State currently owns 86.2 per cent stake of Vietnam Airlines and we are carrying out procedures to offer for sale 57.9 million shares to existing shareholders. The national carrier will also list its shares on the benchmark stock exchange in Ho Chi Minh City (HoSE) in the second quarter of this year,” CEO of Vietnam Airlines Duong Tri Thanh told local media.

By Quynh Nguyen

Vietnam ministry proposes restricting hours of alcohol sale

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People drink beer in Vietnam. Photo: Tuoi Tre

Vietnam’s Ministry of Health is collecting feedback on the proposal to prohibit the sale of alcohol during specific time of the day, which is aimed at minimizing the negative effects of alcoholic beverages on the society.

In its draft law on preventing harmful effects of alcohol abuse, the health ministry highlights three possible scenarios for limiting the sale of alcoholic drinks during certain hours.

The first solution seeks to recommend that alcohol only be sold from 11:00 am to 2:00 pm and from 5:00 pm to 10:00 pm on a daily basis. This rule does not apply to international terminals at local airports and in areas specializing in cuisine, entertainment, and tourism.

The second approach suggests that the sale of alcoholic beverages must only be allowed between 6:00 am and 10:00 pm every day. This regulation is not applicable to areas specializing in cuisine, entertainment, and tourism.

The third recommendation shows that authorities in each city and provinces decide their own ban periods.

The tentative law is expected to be presented to the law- making National Assembly in late 2018 and whether is it approved or not will be decided in early 2019.

According to Tran Thi Trang, deputy head of the legal division of the Ministry of Health, it took over ten years for the draft law to be established.

During such period, beer consumption in Vietnam has increased from 2.7 billion liters to four billion liters a year, Trang elaborated.

The medical cost for treatment of health conditions brought about by excessive drinking has also skyrocketed over the past decade, the official added.

Such rules have been implemented in many countries across the world, said Nguyen Huy Quang, head of the health ministry’s legal division.

“In Thailand, the ban of alcohol sale is applied during certain hours of the day, as well as on election dates,” Quang explained.

“A committee that manages the consumption of alcohol is established at each of the country’s provinces and cities.

“Thanks to the efforts, death toll caused by excessive drinking has been significantly reduced.”

If the law is passed, only sellers, rather than buyers, will be fined if the break the rules, Trang said, adding that the sale will be monitored via the stores’ system or surveillance camera footage.

Taxes on alcohol are at about 40 percent in Vietnam, which is much lower compared to other nations, she added.

In order to mitigate the negative effects of excessive alcohol consumption, authorities must implement assertive measures, the official stated.

By Duy Khang, Source: Tuoi Tre News

Young Vietnamese pop singer sets record for scoring 1 million YouTube views in 18 minutes

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Young pop star Son Tung M-TP has set a new record among Vietnamese artists for having his latest YouTube video hit the one-million-view mark less than 20 minutes after being uploaded on YouTube on Saturday.

The music video, titled Chay ngay di, or “Run now”, was uploaded on the world’s biggest video-sharing site at 12:00 am, and quickly fielded one million views at 12:18 am.

The 4 minute and 33 second video has become the YouTube music video by a Vietnamese artist that reached the one million view mark in the shortest time.

Son Tung M-TP, 24, is well-known among Vietnamese youth for an abundance of hit songs.

More than 10.1 million followers on his verified Facebook account had been notified of the launch of the latest music video beforehand.

At the time of writing, Chay ngay di has racked up more than 12 million views on YouTube, 16 hours since being uploaded.

The success of the music video is comparable to those of K-pop artists from South Korea.

Vietnamese fans are eager to see if the video could smash the record currently held by K-pop boy band BTS, whose music video titled DNA passed 20.9 million views within 24 hours since its upload on YouTube.

As of 4:15 pm on May 12, the video has received more than 12 million views.

Chay ngay di is a hip-hop mixed with R&B song composed by Son Tung M-TP himself.

The music video features the singer as a handsome, affluent man, who always looks for true love but ends up meeting a beautiful girl, who wants nothing but his money.

The man was so badly hurt that he even wanted to kill the girl, but stopped just in time and told her to “run now”.

“While I was composing the song, I imagined the story in my head. I dedicate this music video to the audience for better understanding about my compositions,” the young singer have shared before the video launch.

On his official YouTube channel, with more than 2.4 million subscribers, Tung also has a number of hit videos, three of which have passed the 130-million-view mark.

By Bao Anh, Source: Tuoi Tre News

Over 80,000 expats working in Vietnam

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Vietnam is now home to more than 80,000 skilled foreign workers, according to Le Quang Trung, deputy head of the Department of Employment under the Ministry of Labour, Invalids and Social Affairs (MOLISA).

According to a report by Vietnam News, they come from over 100 countries and territories and work as managers, managing directors, experts and technical workers, among other professions, Trung said at a meeting on employment hosted by the ministry in the southern province of Binh Duong on Thursday.

As much as 95 per cent of eligible foreign workers in Vietnam have been granted work permits, he said, adding that they provide a significant contingent of skilled, experienced and professional workers for Vietnam.

However, he noted that there is a lack of close, timely and comprehensive coordination in managing foreign labourers among local authorised agencies, while violations have not been strictly handled.

The sense of law observance of some contractors, businesses and foreign workers in recruiting, employing labourers and following work permit regulations remains limited. He noted that some foreigners do enter Việt Nam before applying for work permits.

The increasing number of foreign workers in Vietnam requires subsequent improvements in the legal system to ensure the rights of migrant workers, especially with regard to social security.

Social insurance authorities in the country have developed a compulsory social insurance scheme for foreign workers in Vietnam, citing the need to follow international practices as the country deepens its integration into the global community.

The 2014 Law on Social Insurance requires compulsory enrollment of foreign workers in the social insurance scheme, starting in 2018, to ensure their welfare. However, this has not yet been realised due to a lack of guiding documents.

A MoLISA draft decree also proposed that foreign workers be required to take part in all five social insurance programmes including pensions and insurance for sickness, maternity, and cover for injuries, disease, or death in the workplace

Source: VNS

Vietnam, China to expand cross-border self-drive tours

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Vietnam and China have announced plans to expand cross-border self-driving tours to boost tourism in the two countries.

Xinhua reports, in June 2018, China and Vietnam will launch cross-border self-driving routes from the southern Chinese cities of Guilin and Fangchenggang, to Mong Cai and Ha Long City in Vietnam.

The original self-driving route was launched between Fangchenggang and Mong Cai in November 2016. Vietnam has allowed the northern Quang Ninh province to pilot self-drive tours from China to Ha Long city since March.

Self-driving tours through the Vietnam-China border have become popular after the launch of the Fangchenggang to Mong Cai route. The number of outbound tourists from Fangchenggang rose to more than 3.1 million in 2017.

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