Over Three Tons of Pangolin Scales Seized in Vietnam

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The customs office at Saigon Port seized 3.3 tons of pangolin scales illegally imported from Africa on May 3, the second such seizure within a week.

The container was declared by Tan Vinh Thinh Trade to contain dried cashew nuts and was in transit to Cambodia from Nigeria.

On April 27, nearly 3.8 tons of pangolin scales was seized in Cat Lai Port. This time the scales were hidden in bags in the middle of two containers surrounded by timber blocks. Maritime-executive.com reported

In February this year, over 13 tons, or about 4,000, descaled and disemboweled pangolins were discovered in a container at Taiwan’s Kaohsiung’s Pier 66. Taiwan was likely only the transshipment point because of the large number of pangolins found, and it was likely the cargo was intended for China or Vietnam.

An average of 20 tons of pangolins and their parts have been trafficked internationally each year with smugglers using 27 new global trade routes annually, according research released last year by TRAFFIC and IUCN. The report, The Global trafficking of pangolins: a comprehensive summary of seizures and trafficking routes from 2010–2015, was released in the wake of a record pangolin seizure, when China announced the seizure of 11.9 tons of scales from a ship in Shenzen.

The analysis of cross-border pangolin seizures has shown that at least 120 tons of whole pangolins, parts and scales were confiscated by law enforcement agencies from 2010 to 2015. It also shows that 159 unique international trade routes were used by traffickers during the six-year study period.

The study, by TRAFFIC and the University of Adelaide, reinforces the highly mobile nature of smuggling networks, with traffickers quickly shifting from commonly used routes after a short period and creating many new routes each year. The global nature of the trade is demonstrated, as 67 countries were implicated.

Known as the world’s most trafficked mammal, all eight (four Asian and four African) species of pangolins are prohibited from international trade under CITES.

By MAREX

Vietnamese parents worried as children obsessed with smartphones

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Many parents in Vietnam have been increasingly concerned over that fact that their children keep using smartphones and tablets in most of their free time.

As access to the Internet and modern technology has become much easier in the country, young children have also been given the opportunity to experience smartphones and tablets readily.

However, many mothers and fathers who lack the skills and knowledge regarding the devices have failed to deal with the negative effects they have on their kids.

D., a high school student in the central province of Quang Nam, has had to repeat grade 11 for his weak performances and is now at risk of failing another year due to his obsession with mobile games.

According to D.’s mother, the teenage boy would make a fuss if anyone tries to stop him from playing the games.

“D. was once a nice kid and a good student, but everything changed after he was given a smartphone,” the mother said.

“I wouldn’t be this upset if he at least tries his best at school,” she added.

Another parent recently posted a status on her Facebook account, complaining that her child keeps spending excessive time on his smartphone.

She also sought help from others with how to deal with the situation.

Some of her friends suggested that she should tell her son to play some sports, or sign him up for a summer course, while others recommended that the boy take part in a meditation course at a local pagoda.

According to Dr. Nguyen Minh Duc, a lecturer at the Ho Chi Minh City University of Medicine and Pharmacy, game and social media addiction can lead to various health conditions, including sleep disorders, insomnia, memory loss, exhaustion, and lack of focus on daily activities such as jobs and schoolwork.

It also increases the chance of developing eye problems, obesity, high blood pressure, and some mental disorders, Dr. Duc continued.

If the addiction happens to small children, parents should be the first to blame for allowing them to interact with smart devices at a young age, despite the lack of proper management skills.

In order to cope with the situation, parents must take steps to limit the time their children spend on their phones and tablets every day, as well as giving them positive encouragement, Dr. Duc said.

The most important thing is to pay more attention to how children use their smart devices before they get addicted to gaming or social media, he stressed.

By: Duy Khang

Source: Tuoi Tre News

Zero cases of illegal fishing since 2018 beginning

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Local authorities have been managing and closely monitoring offshore fishing boats while upgrading fishing ports to meet the EC’s standards

HÀ NỘI — No Vietnamese fishing boats have indulged in illegal fishing since the beginning of 2018.

This was reported at a conference held by the Ministry of Agriculture and Rural Development (MARD) on May 5.

Chaired by Deputy Minister of Agriculture and Rural Development Vũ Văn Tám, the event was held to prepare for working sessions with a delegation of the European Commission’s (EC) Directorate-General for Maritime Affairs and Fisheries, which will visit Việt Nam from May 16-23 to inspect the country’s implementation of the EC’s nine recommendations related to the fight against illegal, unreported and unregulated (IUU) fishing.

Tám said after the EC issued a “yellow card” warning to Việt Nam, MARD had proposed amendments to the revised Law on Fisheries, which will come into effect in 2019, and issued a circular banning illegal fishing.

Local authorities had also been managing and closely monitoring offshore fishing boats while upgrading fishing ports to meet the EC’s standards, he said.

Through its planned field trip, the EC delegation will observe the time of unloading of foreign transport refrigerated ships at Vietnamese ports and will have technical working sessions with the Vietnamese side on imported seafood material.

After the inspection, the European Union will take its final decision on whether to withdraw the “yellow card” on Vietnamese offshore seafood or not.

The EC issued a “yellow card” warning to Việt Nam on October 23, 2017, after the country failed to demonstrate sufficient progress in the fight against illegal fishing worldwide. Though the measure was considered a warning, which would not technically affect the EC trade policy, the Vietnamese fishing industry was concerned that the yellow card would seriously harm the reputation of Vietnamese seafood worldwide, thus weakening sales.

According to the EC’s requirement, the Vietnamese seafood sector had to implement nine recommendations in six months from October 23, 2017, to April 23, 2018.

These included revision of the legal framework to ensure compliance with international and regional rules applicable to the conservation and management of fisheries resources, ensuring the effective implementation and enforcement of the country’s revised laws and strengthening the effective implementation of international rules and management measures.

As the yellow card has the potential to affect the prestige and trade of Vietnamese seafood in the European and global markets, the Vietnam Association of Seafood Exporters and Producers (VASEP) and businesses have made every effort in the last six months to co-operate with authorized agencies and with one another to fight IUU fishing.

The association has been regularly updating the list of fisheries businesses committed to IUU fishing prevention on its website in both English and Vietnamese, showing Vietnamese firms’ consensus and determination to EU importers and managerial agencies.

On April 20, Việt Nam submitted a report on its efforts to address IUU fishing to the EC. The delegation’s upcoming inspection is to assess local IUU fishing prevention measures.

Source: VNS

FIEs rush to list shares on Vietnam’s stock market

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As Vietnam’s stock market has become increasingly attractive to foreign-invested enterprises (FIEs), many of them are planning IPOs (initial public offering) and listing shares on the Hanoi and HCM City exchanges.

Jollibee Foods Corp from the Philippines is going ahead with an IPO for its Highlands Coffee chain by 2019. In 2017, Siam Brothers, a rope manufacturer from Thailand, listed its shares at the HCM City Stock Exchange. Reporting by Vietnamnet.

Nhip Cau Dau Tu quoted sources as reporting that shares of Vietnam Fortress Tools, another FIE that provides gardening tools from Taiwan, would debut on the bourse in the time to come. The total assets of the world’s second largest manufacturer in the field reached VND1.193 trillion in 2017.

An analyst commented that foreign investors were choosing Vietnam to set up production bases, but also listing shares. This is good news for Vietnam, which wants foreign investors to retain profits in Vietnam for re-investment in the country.
In addition, the decisions by FIEs also show the attractiveness of the market.

According to Vi Nguyet Cam from Fortress Tools, the company has demand for capital to expand its production so it will list on the Vietnam bourse.

Foreign investors were choosing Vietnam to set up production bases, but also listing shares. This is good news for Vietnam, which wants foreign investors to retain profits in Vietnam for re-investment in the country.

With its capitalization value of $50-60 million which may double in the next three years, Fortress may be listed among mid-cap shares in Vietnam.

Meanwhile, if listing shares on other large markets, Fortress Tools would be listed as micro-cap only, which would make it more difficult to compete in raising funds.

The Vietnam stock market has experienced a prosperous year and jumped to the third position, accounting for 18 percent of MSCI’s (Morgan Stanley Capital International) frontier markets’ basket of indicators, just after Argentina and Kuwait.
The analyst said Vietnam can satisfy nearly all the requirements to be eligible for emerging market status. The upgrade is expected to occur in one or two years.

The foreign capital has been flowing into the Vietnamese stock market since the beginning of the year, helping the VN Index climb to an historic peak of 1,200 points.

A report showed that by mid-March 2018, the total net purchase of foreign investors had reached $485 million, equal to 40 percent of the net purchase of 2017 ($1.2 billion), even though the P/E ratio is considered high, at 21.

The investors’ high confidence in Vietnam’s economic prospects and businesses’ performances have prompted the buying of stocks. ADB (Asian Development Bank) predicted that Vietnam’s GDP may grow by 7.1 percent this year to become the region’s fastest-growing economy.

By Mai Thanh

‘Long an house’ in vietnam is a creative brick residence by tropical space

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Titled ‘long an house’, this residence in rural vietnam comprises two angled exterior walls that lead into the second floor — creating a host of interesting spaces within.

The project was designed by tropical space, a firm based in vietnam, who were also responsible for the design of the chicken house in the back yard. as you are welcomed into the home, light filters into your path. As you walk further in you are drawn toward the center, all while a framed window displays the outside space beyond. the overall impression is one of freedom.

It’s impressive that tropical space managed to accomplish this airy structure simply with concrete and brick. The plan is based around a central courtyard with a reflective pool, where a tree peacefully grows. The light from the sun illuminates the brick with a soft orange glow. Chance openings inside the structure fame the blue sky as you move from one end to the other.

All images by oki hiroyuki

This space, while distinctly cozy and sheltering, maintains a close relationship with the nature outside. the design focuses on the brick patterned walls and made sure to allow light and fresh air into the space. The trapezoid façade of the house marks a commitment to symmetry throughout the plan. The northern wing houses the kitchen and other facilities for meal preparation. this is traditionally of major importance to the home typology in the region. it is here where guests and family members gather to cook and connect.

 

Project info:
Location: my hanh nam, ward, duc hoa district, long an province, vietnam
Architecture: tropical space co.,ltd
Principal architects: nguyen hai long, tran thi ngu ngon
Design team: nguyen anh duc, nguyen thu hoai, nguyen tuan dang
Year: 2017
Site area: 750 sqm
Building area: 300 sqm
Materials: brick, concrete
Photography: oki hiroyuki

Source: designboom

Transport lessons for Vietnam from Taiwan

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One neat trick here is to allow motorbikes to move to the head of a traffic lane in the direction of a right hand if turning left or right, eliminating the need to cut across traffic in the opposite direction

My ears have bowed to the traffic gods of Taiwan.

I was in Taiwan’s capital, Taipei, last month and I did not hear a car horn during my stay there.

In a city of nearly 3 million, drivers patiently stop before the pedestrian crossings, there’s no cutting across the traffic to the left or right, almost no one runs the red lights, you can walk on the sidewalks without fear of motorbikes charging at you and my life expectancy has risen a few points on this sightseeing trip. And the metro means you don’t have to face the traffic.

With Hanoi’s urban railway, Vietnam’s first rapid transport system expected to open by the end of 2018, and Ho Chi Minh City’s metro hopefully starting by 2020, it might be a nice idea to invite the Vietnamese operators of the two systems to take a look at how Taipei is dealing with its transport congestion and steal a few good ideas.

Taipei’s main train station – behind it is the bus station and taxi ranks, on the other side is the above ground trains to the airport and underneath it ten city blocks of shopping. Photo: Stivi Cooke

I’m not trying to compare transit systems here. The differences between Vietnam and Taiwan are too wide. Taiwan gets buffered by typhoons and earthquakes, the acceptance of road laws and obeying them are the norm and penalties are extremely expensive, strictly enforced and technology makes it easy for the law to hunt you down. People accept the rules because they can see the benefits, it’s taught from a young age in schools and there’s no fighting back at the cops.Vietnam on the other hand is a free-wheeling, freedom-loving bunch of independently minded drivers with a transport environment that terrifies tourists sufficiently enough to guarantee that they never come back and experience flashback nightmarish dreams for the rest of their lives.

But there are future lessons for Vietnam in how to tame its transport woes in urban areas…over a long time. Part of Taiwan’s success story is the fact that the train and bus systems work next to each other, following supporting routes while providing cheap, citywide transport.
The road system has been cleverly transformed into streams of traffic that don’t interfere with each other, thus reducing stress and the possibility of collisions by vehicles cutting across lanes and against the normal flow of traffic. Buses have their own lanes in the middle of the highway.

One neat trick here is to allow motorbikes to move to the head of a traffic lane in the direction of a right hand if turning left or right, eliminating the need to cut across traffic in the opposite direction.

Bicycle paths run beside pedestrian crossings, motorbike parking faces the edge of roads allowing pedestrians uninterrupted pathways, carelessly dumped rubbish is strictly punished and you pay for plastic bags to cart it away. City parking is mostly below ground, which allows more space above ground for people to get around.

The metro system as mentioned before is so widespread that it reduces the need to bring a car or motorbike into the city. The Taipei administration introduced ‘Youbike’ – a public large network of bicycle rental kiosks within the city, making it easy to get around the city and then just park it next to a bus or train station. It’s free for the first half hour and 10 Taiwanese dollars (50 U.S. cents) an hour after that.

A motorbike moves right to turn right in Taiwan. Photo: Stivi Cooke

Another innovation that speeds things up is ‘Easy Card,’ which can be used to pay for train, bus or bike services and at convenience stores for goodies as well as topping up the card.

One factor that seems to make it work so well is the politeness of the Taiwanese. In the week I was there, not a single car horn, no shouting, no pushing and lots of patient queuing. People wait quietly at intersections in cars and on foot, but that might also be due to the high speeds of the major roads making it a very risky proposition to jaywalk. In the metro, the same deal plus trains are about two minutes apart so crowds don’t build up on platforms and the frustration of waiting is almost non-existent.

Now I don’t expect Vietnam to magically transform itself into all the above but it’s a great goal to aim for the urban situation. It will take decades, the need to promote the metro as a viable alternative to private transport in the cities and the political will to fund this for a long time. The benefits? Less traffic congestion, more revenue for city services and a reduction in city stress and the related health issues and hopefully the end of the car horn culture!

By: Stivi Cooke

Source: Tuoi Tre News

Vietnam takes initiative to revive silk farming

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Duy Xuyen District produces over 2,000 hectares were used for silk farming and up to 1,500 tonnes of cocoons were produced each year.

The central province of Quang Nam is preparing to develop silk-worm cultivation and silk production over thousands of hectares of lands. Quang Nam’s Vice Chairman Le Tri Thanh showed the state officials and firms members on a field survey near Thu Bon River in Duy Xuyen District and Dien Ban Town to set up a silk farming area.

Duy Xuyen District was once considered the silk hub of Quang Nam. Over 2,000 hectares were used for silk farming and up to 1,500 tonnes of cocoons were produced each year.

But over the years due to lack of funding to upgrade technology and a lack of outlets for the products, most villagers abandoned the craft. There are only a few dozen hectares of land left for silk farming and most households now specialize in selling silkworm pupae for cooking.

The provincial authorities have issued supportive policies in order to encourage firms to invest in silk farming craft villages and turn them into tourist sites. Thanh said the land is still in good condition for farming and the infrastructure had improved greatly over the years. The land near Thu Bon River is public land so they can lease it out to firms for the cultivation of silk production.

Source: Devdiscourse News Desk

Defying currents, students ride bamboo raft to school in central Vietnam

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Students in a south-central Vietnamese region have had to cross a river on a raft and canoe to obtain education for well over a decade, facing possible dangers to their personal safety.

In the early mornings of weekdays, ethnic-minority children in Son Ha District of Quang Ngai Province begin taking rides on a bamboo raft in order to navigate the river separating their middle school and villages.

The students, numbering around 53, must be good swimmers before they can stand on the floating structure.

“They can swim, so that they can get to the bank in case of falling off the raft. I won’t let them ride if they can’t swim,” said Dinh Van C’rac, who has spent more than ten years carrying local students in this fashion.

His hands have grown calloused from holding the cable deployed to enable the movement of the raft, whose passengers include both students and adults.

Local residents have used the raft for generations, and several years ago the government provided them with a small canoe ready in service when the floating structure fails to handle a large number of passengers, according to Doan Thi Chien, a leader of Son Bao Commune, part of Son Ha District.

The students are forced to be bound to one side of the river if its currents are strong.

Children who miss a raft or canoe trip are occasionally seen braving the river by themselves.

A child swims across a river when the raft or canoe is unavailable, in Quang Ngai Province, Vietnam. Photo: Tuoi Tre

The raftman C’rac said he is willing to stop receiving his monthly salary of VND1 million (US$44) for the service in the hope that a bridge will be constructed.

“When there’s a bridge, the children can go to school come rain or shine,” he said.

Official Chien said that local authorities have submitted to the higher administration proposals of having a bridge built at the place for a number of years, adding that such a structure is likely to be constructed at a cost of VND5 billion ($220,000) within the next two years.

By: Thai Xuan

Source: Tuoi Tre News

Vinhomes raises $1.35bn in Vietnam’s biggest share offer

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Vietnam’s largest residential developer prices shares at top of marketed range.

Vinhomes, the residential property arm of Vietnamese conglomerate Vingroup, has priced the country’s biggest equity offering at the top of its prospective range, raising $1.35bn. Reporting by Financial Times

Vietnam’s largest residential developer on Monday priced 268m shares at the upper end of the indicative range of 110,500-114,700 Vietnamese dong each, according to bankers close to the deal.

The share issue is the country’s largest since Vingroup’s shopping mall subsidiary raised $708m at the end of last year. The Vinhomes deal has been structured like Vincom Retail’s, with shares privately placed to leading investors rather than offered to the public.

According to one banker, the book was “well-oversubscribed” on the back of demand from both global and regional funds, helping the deal surpass Vingroup’s $1bn target.

The Vinhomes listing will set a new high-water mark for share offerings in Vietnam, which has drawn record amounts of foreign investment over the past year despite being officially classified as a “frontier” market.

The south-east Asian country’s economy grew by 7.4 per cent in the first quarter of the year, and its communist government has been disposing of shares in companies in sectors ranging from food and beverage to banking as part of a privatisation drive.

The Ho Chi Minh City stock exchange has been one of Asia’s best performers this year, thanks to the country’s improved economic indicators and strong earnings at listed companies, and is up 5.5 per cent year to date.

One analyst said the size of the Vinhomes issue had allowed it to draw more large investors than some previous ones.

“The bigger the issue, the more the large global institutions seem to be interested, because they can deploy more cash in a single bound than they previously were able to do,” said Kevin Snowball, chief executive officer of PXP Vietnam Asset Management in Ho Chi Minh City.

No Vietnamese share offering has yet been valued at more than $1bn. Last month Vietnam’s Techcombank launched an initial public offering aiming to raise as much as $922m.

Vinhomes had a 15 per cent share of residential properties sold in Hanoi and Ho Chi Minh City between 2015 and 2017, and just under half of the market for high-end luxury condos. The company plans to broaden its current focus on Hanoi and Ho Chi Minh City, the two biggest cities, to the rest of the country.

Last month Vingroup said that GIC, the Singapore sovereign wealth fund, had agreed to invest $1.3bn in Vinhomes, buying shares and extending a “debt-like instrument” to the subsidiary.

Credit Suisse, Citi, Deutsche and Morgan Stanley are joint global co-ordinators. Shares are set to start trading in mid-May.

By Emma Dunkley in Hong Kong and John Reed in Bangkok

Data flows remain unopened

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Viet Nam has many opportunities to develop a digital economy, but the country’s legal framework on cross-border data flows is still “unopened”, according to the Asia Cloud Computing Association (ACCA).

The Central Institute for Economic Management (CIEM) and ACCA jointly organised a workshop on cross-border data flows to improve the framework for digital economic development on Thursday.

Lim May Ann, ACCA executive director, announced the report “Cross-border data flow: A review of the regulatory enablers, blockers and key sectoral opportunities in five Asian economies: India, Indonesia, Japan, the Philippines and Viet Nam” at the meeting.

The report provides an overview of the legal status of data management in the five economies and its impact on economic development in general and small- and medium-sized enterprise development in particular.

Mai Liem Truc, former deputy minister of Post and Telecommunications, said Vietnamese telecommunications and internet in the past 20 years has grown equivalently to countries in the region and the world in terms of services.

Viet Nam is also a country with high rate of internet users, more than 50 per cent of its population.

“That created a big impact on the digital economy in Viet Nam,” he said.

However, the ACCA representative said regulatory requirements could pose challenges for cross-border data service providers, leaving them to consider entering the Vietnamese market.

In addition, it may affect businesses wishing to use the tools and services provided by cross-border data and cloud computing service providers, which play an important role in the development of digital businesses in Viet Nam.

Lim May Ann said the Vietnamese government should take a cautious approach to ensuring the development of a cyber security environment does not inadvertently limit and inhibit the growth of the potential of digital economy in particular and Vietnamese economy in general.

Truong Dinh Tuyen, former Minister of Trade, said policies should serve the development of digital economy and not to be introduced to obstruct its development.

Source: VNS

Vietnam Morning News – May 07

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Estimated Reading Time: 6 minutes

Shrimp industry ambitious for $4.8 billion export plan
Vietnam’s shrimp exporters are expected to meet the US$4.8 billion export target this year thanks to market advantage and competitive improvement of added-value products.
— The Hanoi Times

Viettel’s revenue from overseas investment reaches 1.7 bln USD
Viettel Group’s revenue from its overseas investment in 2017 surged by 38 percent from the previous year to reach 38 trillion VND (1.7 billion USD).
— VietnamPlus

Developer seeks $50M addt’l investment in Vietnam
Infrastructure developer CII Bridges and Roads Investment Joint Stock Co. (CII B&R) is seeking additional funding from the tollways unit of Metro Pacific Investments Corp. (MPIC) to partly finance the estimated $300 million tollways projects in Vietnam.
— Malaya

New regulation in textile industry postpones until next year
The application of a new regulation on formaldehyde and aromatic amines limits used in Vietnam’s textile industry will be postponed until January 1 next year, instead of May 1 this year as planned earlier, the Ministry of Industry and Trade announced on its website.
— The Hanoi Times

Vietnam should rethink locations of proposed special economic zones
It’s hard to see any logic behind Vietnam’s choice for special economic zones, all of which are far from the biggest cities.
— VnExpress

Vietnam toll road operator wants Metro Pacific to raise investment
Vietnam toll road operator CII Bridges and Roads Investment Joint Stock Co. is seeking additional capital from Filipino investor Metro Pacific Tollways Corp.
— The Standard

Visa exemption extended for 3 years
Tourists from the United Kingdom, France, Germany, Spain and Italy will continue to be exempted from visa until June 2021, Prime Minister Nguyen Xuan Phuc said at a Government meeting on Thursday.
— Bizhub

Behind the lobbyists who drew Trump to Vietnam
The Washington-based lobbying firm hired by a major Vietnamese military-run company to promote its defense-related interests is at the center of legal proceedings brought against a close associate of US President Donald Trump.
— Asia Times

Fruit-vegetable surpasses crude oil in export earnings
The export value of fruit and vegetable in the first four months of 2018 has exceeded earnings from crude oil for the first time ever, according to the Ministry of Agriculture and Rural Development.
— VietnamPlus

​Second tunnel of Ho Chi Minh City subway line nears completion
Construction of the second tunnel of the first-ever metro line in Ho Chi Minh City is reaching its completion phase, with workers busy drilling the ground and installing large concrete slabs to meet a June deadline.
— Tuoi Tre

Banks tighten lending rules
Many commercial banks in the country have increased loan interest rates by 1-2 per cent to investors in real estate as property prices continue to rise.
— Bizhub

Philippines accepts 250,000T rice offers from Vietnam, Thailand
Vietnam also won a separate deal involving 80,000 tonnes of 25 percent broken rice at $517.50 a tonne, below the NFA’s budget of $520.50 a tonne
— Tuoi Tre

Data management needs to streamline for digital economic growth
Vietnam should develop a legal framework on data management to boost the growth of digital economy, experts said.
— The Hanoi Times

High air freight costs hinder Vietnamese fruit exports
The shipping fee per kilogram of fruit can be three times higher than the price at farmer’s garden.
— VnExpress

ODA projects scrutinized for optimal investment efficiency
Deputy Prime Minister Pham Binh Minh instructed relevant authorities to scrutinize approved projects using foreign loans in a move to optimize the capital source.
— The Hanoi Times

Hanoi promotes auctions of land use rights
Hanoi plans to promote auctions of land use rights from now to 2020 in order to make effective use of land fund and meet the increasing demand of businesses and people.
— VietnamNet Bridge

Private sector needed in infrastructure
After handing over the newly-built Pham Van Dong Street in Ho Chi Minh City to the local government at the end of 2016, GS E&C, one of South Korea’s leading property developers and engineering construction companies, actively sought further business opportunities in Vietnam last year and prepared to launch long-awaited property projects in the city.
— VietnamNet Bridge

Strong growth for steel production
Steel production and consumption showed strong growth in the first four months of this year owing to favourable weather, said Nguyen Van Sua, deputy chairman of the Viet Nam Steel Association.
— Bizhub

Remittance to Vietnam on the Rise
Vietnam received nearly US$13.8 billion in remittances in 2017, making it the eighth highest recipient of remittances in the world.
— Vietnam Briefing

Siemens, Idemitsu among suitors drawn to Vietnam energy sell-off
Buyers from Germany, Japan, India and beyond are kicking the tires on Vietnam’s great state asset sale.
— DealStreetAsia

Vietnam exempts import tax for Emirates Airline
Deputy Prime Minister Vuong Dinh Hue has agreed with the Ministry of Finance’s proposal to exempt tax on imported goods of Emirates Airline.
— VietnamPlus

Certificates of origin to be issued by exporters next year
Vietnamese exporters to the European Union (EU) will be obliged to issue self-certification of origin (C/O) from next year to be able to enjoy the Generalized System of Preferences (GSP).
— The Hanoi Times

Quang Ninh puts the breaks on land sales
Quang Ninh Province’s local authorities requested the suspension of land use conversions and land transfers in Van Don District until the National Assembly adopts the Law on Special Administrative Economic Zones later this month.
— Bizhub

UBM Asia signs MOU with Vietnam’s Ministry of Agriculture and Rural Development witnessed by Vietnam Prime Minister
Vietnam’s Ministry of Agriculture and Rural Development and UBM Asia signed a Memorandum of Understanding (MOU) to cooperate in promoting Vietnam Agro Trade in region by contributing the development of action plan to enhance agro value chain management, agro processing and agro trade in Vietnam.
— AEC News Today/ PR Newswire (media release)

Mekong Delta shows best competiveness nationwide
The Mekong Delta has consistently recorded the highest average provincial competitiveness index (PCI) among six regions nationwide since 2014, said the Vietnam Chamber of Commerce and Industry (VCCI).
— VietnamPlus

Youngsters will lead Viet Nam to future prosperity
Young Vietnamese entrepreneurs must pay attention to six crucial steps in order to successfully found a startup business, said CEO of Startup Viet Nam Foundation (SVF) Pham Duy Hieu at a forum held on Friday in Hai Phong.
— Bizhub

Siemens, Idemitsu Among Suitors Drawn to Vietnam Energy Sell-Off

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PetroVietnam Oil is in talks with Idemitsu, SK Energy: Vuong
PV Power in discussions with Siemens, Ratchaburi Electricity

Buyers from Germany, Japan, India and beyond are kicking the tires on Vietnam’s great state asset sale. Reporting by Bloomberg.

The government’s hunt for overseas investment in some of the nation’s biggest energy companies has yielded interest from firms including Siemens AG, Idemitsu Kosan Co. and Indian Oil Corp., among others, according to Deputy Minister of Industry & Trade Hoang Quoc Vuong.

“We’re actively in the process to find foreign investors” and intend to finalize the deals by the end of the year, Vuong said in an interview in Hanoi on Thursday, adding that the timeline for the stake sales was set by Prime Minister Nguyen Xuan Phuc.

According to Vuong, the following deals are in the works:

  • PetroVietnam Oil Corp., known as PV Oil, is working with Idemitsu and SK Energy Co. on a strategic partnership.
  • PetroVietnam Power Corp., or PV Power, is in discussions with foreign investors including Siemens, Ratchaburi Electricity Generating Holding Pcl and Taekwang Industrial Co. on a key stake purchase.
  • Binh Son Refining and Petrochemical Co., which raised 5.57 trillion dong ($245 million) from selling a 7.8 percent stake in Vietnam’s first oil refinery Dung Quat in January, is in talks with Indian Oil about a partnership; Indian Oil is doing due diligence on the deal before they can firm up a price.

Strengthening Growth
Vietnam’s economy grew at the fastest pace since at least 2010

Source: Vietnam’s General Statistics Office

Vietnam, which needs billions of dollars in infrastructure investments, is dramatically accelerating sales of stakes in state-owned companies to boost revenue and ease a strained budget, while seeking to exceed its economic growth target of 6.7 percent this year. Stakes in 245 state companies are up for sale this year, Deputy Prime Minister Vuong Dinh Hue said in a Bloomberg TV interview in January.

Arun Kumar Sharma, finance director of Indian Oil, confirmed discussions are ongoing. Ratchaburi said by email that it has been looking for potential investments in Vietnam and waiting for more information on the deal. Siemens declined to comment. SK Energy, Taekwang and Idemitsu didn’t respond to requests for comment Friday.

“Vietnamese energy companies have good potential to grow due to rising demand in the domestic market while supply is still limited,” Vu Minh Khuong, an associate professor at the National University of Singapore who researches economic development, said by email.

The government is banking on an expanding middle class and its youthful population to lure investors. Among the assets sold last year was a majority stake in the nation’s top brewer Saigon Beer Alcohol Beverage Corp., or Sabeco, to Thai Beverage Pcl and its partner in December, for $4.8 billion.

By Nguyen Dieu Tu Uyen, with assistance by Debjit Chakraborty, Heesu Lee, Stephen Stapczynski, and Oliver Sachgau

Vietnamese teacher filmed calling student ‘pig brain’ at Hanoi English center

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A female teacher at an English center in Hanoi has been captured repeatedly yelling at a student and calling him “pig brain” after he refused to pay a fine for his violation in class.

The video clip was uploaded to social media on Saturday and has attracted over one million views along with countless comments and shares.

An initial probe by Tuoi Tre (Youth) newspaper showed that the incident took place inside a classroom of the MST English Center in the Vietnamese capital.

Both the teacher and representative of the English center have refused to give their comments on the incident.

In the nearly two and a half minute footage, the teacher demanded one of the students in her class pay a fine worth VND100,000 (US$4.4) as he had broken the rules.

While the learner declined, the teacher insisted that he pay the money as he had signed a commitment at the beginning of the course.

The teacher also stated that this was not the first time the student had violated the rules and that she would not continue teaching unless he paid.

After the learner called her a ‘fraud,’ she appeared to lose control and started yelling at him and using offensive words, including calling him “pig brain” and “pig face.”

“This is my playground, where my rules apply,” she asserted.

The verbal confrontation escalated as the learner fought back.

At the end of the clip, he threw his books on the floor and stormed out of the classroom, stressing that he would sue her and the center.

According to the student, he did his homework but left it at home.

He would hand it the following session, but the teacher underlined that it was a violation.

The English center highlights on its official website that “discipline of steel” is applied at the facility, stressing that fines from VND50,000 ($2.2) to VND100,000 must be paid if learners fail to hand in their homework on time.

A four-sided commitment between the center, teachers, learners and their parents is signed at the start of the course.

While the majority of viewers expressed their opposition to the teacher’s manners, some said she was right as the fines were clearly stated in the rules and commitment.

By Duy Khang

6 Ways To Counteract Your Smartphone Addiction

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We are living in an era of technology obsession and smartphone addiction. Not surprisingly, research shows that too much technology use diminishes our mental and physical health, our relationships and more.

We are living in an era of technology obsession and smartphone addiction. I hear it all the time: “I can’t go anywhere without my phone” or “I feel anxious when I’m not able to check email” or “If I’m not on my social feeds, I feel like I’m missing out.”

Short of going off the grid, how can we build better habits around technology—preserving its benefits while minimizing the negative effects? Here are a few research-backed strategies I recommend you implement at work and at home.

  1. Use “cc” and “reply all” judiciously

Group emails, while helpful for team collaboration, are an increasingly problematic workplace distraction. After the second or third “reply all”—when most messages could be directed to just one or two people, rather than everyone—these chains to start to feel oppressive, adding extraneous content to our already overflowing inboxes.

I encourage anyone initiating a team email to instead think very carefully about who they “cc,” making sure to include only relevant team members. I also recommend avoiding “reply all,” unless your comments are truly meant for—and useful to—all members of the group. The more email you send, after all, the more you will receive.

2. Recalibrate response time expectations

Not too long ago, people worked from 9am to 5pm, after which they were done for the evening. Today, typical workdays can stretch to nine hours in the office and far into the night, only to start again the moment we wake. When colleagues email, text, or message us in some other way, no matter the time, an immediate response is, in many cases, the unspoken expectation.

My suggested middle ground—used in several multinational companies including Volkswagen and Deutsche Telekom— is a 7am-to-7pm policy: messages can, of course, be sent at any hour, but no one is required to respond earlier than 7am or later than 7pm. In France, companies with more than 50 employees are now required to do something similar; the country’s “right to disconnect” law, passed in January 2017, mandates that they set aside hours when employees don’t have to be available via email.

3. Take regular, restorative breaks

The human brain is not designed to work for hours on end. We perform better when we take breaks. For example, in one study of more than 12,000 white-collar employees, those who turned away from work every 90 minutes reported 30% higher level of focus, 50% greater capacity to think creatively and 46% higher level of health compared with peers who took no breaks or just one during the workday.

But staring into a smartphone or browsing the internet doesn’t really count. Truly restorative breaks instead involve exercise, conversation or reflection. That means walking outside for some fresh air, talking with someone (about something other than work), or doing a few minutes of mindful meditation. Ten minutes is sufficient, although longer breaks offer even more benefits.

4. Reclaim friend and family time

We need to stop letting technology interfere with our most important interpersonal interactions. But it’s hard to ignore your phone when it’s sitting in front of you, with news alerts and text messages constantly popping up. My advice is to designate areas where, in an effort to facilitate better, more meaningful conversation with friends and family, personal devices simply aren’t allowed. Examples include the dinner table, the rec or TV room, in the car, or in restaurants.

5. Keep technology out of the bedroom

As the day turns to dusk, your brain starts to release melatonin, the accumulation of which eventually helps put you to sleep. But according to research from the National Sleep Foundation and the Mayo Clinic, blue light from smartphones, tablets or laptops slow that process and also release cortisol, which signals your brain to become more alert. The result is less and more restless sleep, which disrupts the synaptic rejuvenation meant to happen at night and reduces your mental acuity. The solution is simple: Don’t bring your devices to bed!

Over the past decade technology has taken over our lives. While it offers access to information, connection and entertainment, it also has been shown to diminish our brainpower and harm our mental health. These six tactics—which you can implement for yourself or encourage on your team—are simple ways to ensure these ubiquitous devices do less harm than good.

 

Vietnamese bad motor rider threatens foreigner in Saigon

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An expat, who lives in Saigon shared with Vietnam Insider this clip with questions: What happened to the motor rider of 60B7-50931 on Hanoi Highway? Why he drove to the auto’s lane and threatened a foreigner? Why nobody cared about his crazy activity?

After a Facebooker shared the clip to the group of Expat in Saigon, a debate between a local man and expats started when he wrote “Don’ t make a moutain out of a molehill. This is normal. This is our land, we can do whatever we want . Foreigners are just visitors, you have no right to judge. When in Rome, do as Romans do ! “

Debating between a local and expats about bad rider.
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