“The Vietnam War: 1945 – 1975” exhibition underway in New York

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An exhibition of artifacts, entitled “The Vietnam War: 1945 – 1975”, is underway at the New-York Historical Society Museum, New York, the US until April 22, 2018, giving museum goers an insight into conflict.

The exhibition’s opening ceremony took place on October 10 with Permanent Representative of Vietnam to the UN Ambassador Nguyen Phuong Nga alongside more than 400 historic scholars, anti-war activists and veterans in attendance.

Speaking at the event, Ambassador Nga said she believes the exhibition will give people a better understanding of the value of peace.

This event will provide visitors a closer look at history, enhancing mutual understanding between people of Vietnam and the US, Nga stated.

(Photo: Dantri)

Vietnam and the US established a comprehensive partnership four decades after the war ended, she stressed, adding that the robust development of bilateral relations largely owes to the two countries’ efforts to leave the past behind, overcome disagreements and look to the future.

More than 300 artifacts, photographs, artworks, documents, films, and interactive digital media on display at the exhibition convey the story of the war since the end of the World War II.

The items include a lacquer graving named “Spring in Tay Nguyen”, created by northern Vietnamese painter Tran Huu Chat in 1962. The 84-year-old artist made an exact reproduction for the exhibition.

It is the first time the New-York Historical Society has held an exhibition on the Vietnam War and it took the museum three years to collect exhibited materials, according to the museum’s CEO Louise Mirrer.

Source: VNA

Vietnam’s Pho, fresh spring roll among world’s best 30 dishes

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Vietnam’s Pho and Goi cuon (fresh spring rolls) have been named in the list of the best 30 dishes of the world under a survey by CNN (Cable News Network).

Pho was ranked 28th while Goi cuon stood at the 30th place in the list. As a symbol of Vietnamese cuisine culture, Pho is present anywhere around the world where Vietnamese people live. In addition to rice noodle, a few herbs, thinly-sliced beef or chicken meat and broth as the main ingredients, a slice of fresh lemon and a splash of chilli sauce are indispensable to a delicious bowl of Pho.

A dish of Goi Cuon (fresh spring roll) – Photo: CNN

Meanwhile, the main ingredients for making Goi cuon dish consist of boiled pork, shrimp, herbs, rice vermicelli and rice paper. It is served at room temperature with the erupting flavours of refreshing herbs.

The sauce for Goi cuon is made from a variety of ingredients, such as a dash of fish sauce, coconut milk, a squeeze of tamarind, chopped garlic, hot pepper, onions, ground peanuts, fried sesame seeds and cooking oil.

In the CNN’s list, the top 10 dishes of the world are chicken muamba of Gabon, ice cream, tom yum goong of Thailand, Penang assam laksa of Malaysia, hamburger of Germany, Peking duck of China, sushi of Japan, chocolate of Mexico, Neapolitan pizza of Italy and Massaman curry of Thailand.

Source: VNA

Alibaba authorises third reseller in Vietnam

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Chinese e-commerce group, Alibaba, on Thursday authorised Viet Nam’s Novaon Internet Corporation to be its reseller in the Viet Nam market.

Under the authorised dealer agreement, Novaon will become the official distributor of Alibaba.com’s export-import support services packages, helping Vietnamese enterprises to access, exploit and master this online business platform.

Tran Thanh Hai, deputy director of the Import-Export Department under the Ministry of Industry and Trade, said export-import activities require interactions between e-commerce and traditional trade; therefore, enterprises need partners and policies to promote the use of e-commerce.

Novaon is Alibaba’s third authorised dealer in Việt Nam, after OSB Investment and Technology Joint Stock Company and Clever Advertising Corporation (Cleverads).

The global platform is a relatively comprehensive concept applied at a high level in dynamic and developing economies, encompassing large interactive online platforms on a global scale.

The world’s leading online business platforms include Alibaba, Google, Facebook, eBay and Amazon.

However, in Viet Nam, most of the enterprises still rely on traditional export channels or exploit online business channels on a very basic level, such as website or email.

Therefore, Novaon has built a comprehensive solution for online export; of which, Alibaba.com, the well-known business to business (B2B) online website for export-import, is considered one of the most significant parts of the overall package.

Novaon also launched the programme “1000 online pioneer export enterprises” on this occasion.

The programme is designed to create 1,000 exporters who are capable of applying and exploiting global online trading platforms on an advanced level, and then diffusing and motivating the export community.

Source: VNS

What lies behind Vietlott CEO’s resignation

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The abrupt resignation of Tong Quoc Truong, CEO of Vietnam Lottery Co., Ltd. (Vietlott) is rumoured to be related to the violations at PetroVietnam Finance Corporation (PVFC) that took place during his time in office as CEO at PVFC and are currently under investigation.

According to newswire Dantri, Truong officially left the CEO position of Vietlott on October 1 due to personal reasons, which was accepted by the Ministry of Finance (MoF).

MoF has assigned his deputy Nguyen Thanh Dam to hold the fort until a new CEO can be picked next week.
Truong had been Vietlott’s CEO since the company’s foundation in August 2012.

Before moving to the lottery firm, Truong was the general director of state-owned oil and gas group PetroVietnam’s subsidiary PVFC between June 2007 and March 2010.

PetroVietnam and its subsidiaries, including PVFC, have been under legal scrutiny for economic mismanagement by former executives that had resulted in enormous financial losses.

In a statement on September 29, the People’s Court of Hanoi sentenced former PetroVietnam chairman Nguyen Xuan Son to death for his misdeeds causing serious economic damage and abuse of power to misappropriate company assets.

Regarding PVFC, in the 2006-2011 period, including the time that Truong was in office, PetroVietnam poured capital into PVFC and permitted it (at the time under Truong’s lead) to conduct illegal investment activities, causing massive losses for the state budget.

Source: dtinews.vn

Vietnam Airlines, Air France sign joint venture deal

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Vietnam Airlines and Air France have inked a joint venture deal, which is due to start from November 1, to bring more benefits to passengers on their air routes between Vietnam, France and Europe.

Speaking at the signing ceremony in Hanoi on October 10, Director General of Vietnam Airlines Duong Tri Thanh said the historical agreement will help tighten the comprehensive cooperative ties between the two airlines

It will not only make it easier for air travel between the two countries but also promote trade, investment, and cultural exchanges between Vietnam, France and Europe, bringing huge benefits for people and businesses, he added.

The agreement also demonstrates the commitment and determination of Vietnam Airlines to increase investment in the global arena, especially the French and European markets via the key route between Vietnam and France, he noted.

For his part, Director General of Air France Franck Terner said the join venture deal with Vietnam Airlines is one of the strategic development plans of Air France, namely “Trust Together”.

At the signing ceremony (Credits: dtinews)

This agreement will bring long-term benefits to the two airlines as well as their customers, he said, adding that the ultimate goal of Air France is to maintain and develop its position in the promising region.

Over the past 20 years, Vietnam Airlines and Air France have established sustainable cooperative relations in various fields. In 2010, the two airlines signed a code share deal for air routes between Paris and Hanoi and Ho Chi Minh City as well as provided mutual support in maintaining airplanes and human resources training.

France has been one of the most important markets of Vietnam Airlines in Europe since it launched the first direct air route to Paris in 2003. The two airlines carry more than 400,000 passengers every year.

Source: VNA

Second win for Vietnam at 2019 Asian Cup qualifying

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The door is wide open for Vietnam to the 2019 Asian Cup finals as the team trounced Cambodia 5-0 during their clash under the 2019 Asian Football Confederation (AFC) Asian Cup qualification in Hanoi on October 10.


Thanh Trung (No. 18) and his teammate celebrate the opener for Vietnam during the clash with Cambodia at the home turf on Tuesday evening. (Credit: vietnamnet.vn)

Prior to Tuesday’s rematch at My Dinh Stadium, Vietnam temporarily ranked second in Group C with five points after three games, followed by Cambodia, who lost 1-2 to their neighbouring in Phnom Penh in the previous round last month, with a two point gap. Jordan top the table with seven points.

In the first Group C match on Tuesday between Afghanistan and group leaders Jordan, the two tied 3-3, meaning that a win for Vietnam against Cambodia would help Coach Mai Duc Chung’s players on par with Jordan, thus opening the door to win the ticket to the 2019 Asian Cup finals in the UEA.

The clash at My Dinh was not in a favourable weather as it was raining heavily and influenced the match’s quality. However, Vietnam, with best-form lineups, quickly took home advantage to strengthen attacks on their guests.

The opener arrived soon for the hosts in a rather lucky manner in the 12th minute as Dinh Thanh Trung’s kick hit a Cambodian defender and deflected into the goal, which keeper Sou Yaty was unable to save.

Inspired by the opening goal, Vietnam continued to overwhelm and created consecutive threats to Sou Yaty’s goal. However, due to the heavy rain and slippery ground, Vietnamese players could not convert any opportunities into goals during the last minutes of the first half.

Contrary to the first half, Vietnam showed off their skills in the second session. In the 56th minute, Thanh Trung proved his effectiveness since the beginning of the match with a skilled cross on the right. The ball found Van Quyet and Vietnam’s captain punished the Cambodian defensive line with a superb header, doubling the scoring for Vietnam.

The 2-0 lead helped Vietnamese players to alleviate the pressure and play more confidently. The team only needed four minutes to score the third goal. Midfielder Thanh Trung continued to print his mark with a free kick to drop a favourable ball to veteran striker Anh Duc to break Cambodian line and score an easy goal.

The 5-0 win against Cambodia is a farewell gift to interim Coach Mai Duc Chung, who will transfer his management position to new Korean Head Coach Park Hang Seo after Tuesday’s match. (Credit: vietnamnet.vn)

The goals by strikers Van Quyet and Anh Duc inspired Cong Phuong, the remaining spearhead on Vietnamese trio attack line, to find his goal. However, the Hoang Anh Gia Lai striker had to wait until the 76th minute, after many opportunities missed, to celebrate with the fourth goal for Vietnam.

In the remainder of the match, Cambodia advanced to find their goal. However, all they could do was simply stop at a free kick hitting the post from Bin Chanthacheary in the 87th minute. Not only that but, Cambodia also conceded a goal in the crucial time as the substitute Mac Hong Quan made it 5-0 for Vietnam.

The 5-0 win helps Vietnam earn eight points, on par with Jordan, but still temporarily rank behind the group leaders for a lower goal difference. The victory yet helps Vietnam set a foot in the 2019 Asian Cup finals. In the next match against Afghanistan, Vietnam only needs one point, while Cambodia would not be defeated by Jordan, to officially earn a berth in the UAE’s tournament next year.

The win is also a farewell gift to interim Coach Mai Duc Chung, who will transfer his management position to new Korean Head Coach Park Hang Seo after Tuesday’s match. Park will officially sign a contract with the Vietnam football team later this month.

Starting line-ups

Vietnam: Tuan Manh, Van Hoan, Ngoc Thinh, Tien Dung, Van Hau, Xuan Truong, Hoang Thinh (Huu Dung 86’), Thanh Trung, Van Quyet, Anh Duc (Hong Quan 75’), Cong Phuong.

Cambodia: Sou Yaty, Rous Samoeun, Sor Piseth, Soeuy Visal, Khuon Laboravy, Keo Sokpheng, Chan Vathanaka (Brak Thiva 77’), In Sodavid, Tit Dina, Chhn Chhoeun, Bin Chanthacheary.

2019 AFC Asian Cup qualification table – Group C

Source: dtinews.vn

Hoi An named world’s top 5 budget-friendly destination

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With that, Vietnam’s ancient port city has beaten the likes of Phuket, Bali and Penang to top Southeast Asia’s most affordable places.

Post Office’s Holiday Money, a database of travel costs, has just revealed 30 cheapest cities for British travelers.

To little surprise, Hoi An has been named among the most affordable.

Rankings are based on the minimum required budget for 10 holiday items U.K. tourists are likely to purchase, including a cup of coffee, a pint of beer, a bottle of water, sun cream, insect repellent, and a three-course dinner for two with a bottle of wine.

At total cost of $102.86, this year the UNESCO-listed town in central Vietnam has jumped six spots from the previous year to fifth place worldwide and became the most affordable destination in Southeast Asia, according to Post Office’s Holiday Money.

In Hoi An, for just $3.54, travelers can have a taste of beer or they can pay $2.52 for a cup of coffee.

Affordable romantic dinner for two also makes Hoi An as a budget-friendly city where tourists can enjoy a date night for less than $70.

Leading the pack, to many people’s surprise, is the notoriously expensive Tokyo, where total cost for 10 mentioned items is $65.55.

Cape Town (South Africa), Mombasa (Kenya), Colombo (Sri Lanka) round out the top five cheapest travel destinations.

Other famous destinations in Southeast Asia including Penang (Malaysia), Phu Ket (Thailand) and Bali (Indonesia) all witnessed a rise in the costs.

Hoi An has repeatedly been featured in best-value destination lists. The city has been named the cheapest travel destination by budget tourism site Price of Travel, with daily expenses for a backpacker estimated at $22.29.

Source: Vy An | VnExpress

 

What do Vietnamese think about Galaxy Note 8?

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MobiFone has officially begun selling authentic Galaxy Note 8 at its shops throughout the country. Those who buy Galaxy Note 8 associated with MobiFone’s service package for 12-18 months will be able to enjoy the discount of 65 percent, with prices from VND7.49 million.

Nguyen Vu Dat, photographer

I felt comfortable when using Galaxy Note 8 over the last week. Though the screen is large 6.3”, it is not too difficult to do most operations daily. About the camera, I think there is a big step forward. The camera quality is good which allows snapshots in all lighting conditions. Note series’ fans won’t miss Note 8 because of very significant improvements.

Huynh Kim Thuy, admin Samsungvn.com

I don’t think Galaxy Note 8 has too many breakthroughs, but the dual camera and S-Pen really make big differences. S-Pen helps Samsung remain a big gap with its rivals in the large-screen market segment.

I still cannot find any inconvenience when using Note 8. It makes me feel comfortable as it can satisfy all my requirements. The number of customers booking Note 8 is very high in Vietnam.

Tang Thien Hai from Techrum.vn

I think Note 8 is the best product of Samsung so far with beautiful design useful features as well as additional services. However, there is one thing with the battery. The usage time is not considerably longer than Galaxy S8+.

Lam Nhat Hung, photographer

Being a reporter, I find S-Pen very convenient. With the pen, it’s easy to make notes, edit pictures or make annotations. It helps me a lot in my work. Though it is expensive, it will succeed thanks to associated services like Galaxy Gift.

Le Bao Long from VOZ forum

I still cannot find any defect. In general, flagships have no problems except the high price. I like the dual camera of Note 8, while the screen seems to be more beautiful than the old Notes. I think the manufacturer will succeed with Note 8 despite the failure of Note 7 because there are still many Note fans.

Analysts predict that the competition between iPhone X and Galaxy Note 8, the flagships of the two technology giants, will be the ‘real duel of the year’. Their excellent features explain why they have the sky high prices of $1,000.

Galaxy Note 8 and iPhone X have amazingly similar designs. Both of them are made of metal and glass and both have infinity display screen and dual camera. The difference is that while Galaxy Note 8 has kept the fingerprint sensor, and iPhone X has a face detection feature to unlock the phone.

Source: Buu Dien | Vietnamnet

APEC Film Week to be held in Hanoi and Da Nang

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A total of 11 films from 11 APEC member economies will be screened during the film week to be held in Hanoi from October 11 to 16 and Da Nang city from October 12 to 16 as an event to celebrate the APEC Vietnam 2017.

Following the APEC Year 2017 theme of “Creating New Dynamism, Fostering a Shared Future”, the event is held jointly by the National Committee on APEC 2017, Vietnam’s Ministry of Cutlure, Sports and Tourism, APEC Secretariat.

The film week aims to connect the cultures and foster mutual understanding among APEC member economies through their outstanding movies, thus contributing to fostering an Asia-Pacific community of peace, stability, dynamic development and prosperity.

It also seeks to raise the role of the APEC forum and Vietnam’s position among member economies whilst publicising the culture and people of Vietnam to international friends.

Free tickets to the event can be collected at the National Cinema Centre in Hanoi from October 8 and at Le Do Cinema in Hanoi a day later.

Vietnamese film ‘My nhan’ (The Beautiful Woman) by director Dinh Thai Thuy is selected to be screened at the opening of the week.

The movie tells the life story of Nguyen Phuc Tan, the fourth ruler of the Nguyen Lords, who is viewed as a good lord and a military genius, and his tragic love with Thi Thua, a beautiful concubine with a pure soul whom he loves, but whom his courtiers disdain.

Source: Nhan Dan

13 Vietnamese banks named in world’s top 1,000

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Chinese and American banks continued to dominate this year’s list compiled by The Banker.

Vietnam’s 13 largest commercial banks have been named among the world’s top 1,000 based on assets, profits and capital.

Vietinbank jumped six positions from last year to 376th, followed by other big lenders Agribank, Vietcombank, BIDV and Sacombank, according to the Top 1000 World Banks 2017 list released this month by The Banker, a publication owned by The Financial Times.

Vietinbank, Vietcombank and BIDV in May also made the Forbes list of the world’s 2,000 largest listed companies, and were named among the world’s 500 most valuable banking brands by Brand Finance in February.

Vietnamese banks have reported robust business during the first half this year. Vietcombank said its pre-tax profit jumped 20 percent on-year, while Sacombank enjoyed staggering growth of 70 percent.

The Banker’s list evaluated more than 4,000 banks around the world, and Chinese and American banks continued to dominate the top 10 this year.

Banks from other BRICS countries also scored well, it said. Russian bank profits rose 369 percent, followed by Brazil with 179 percent and India with 26 percent.

Editor Brian Caplen said in a statement that: “While some analysts declared the BRICS concept dead, The Banker’s Top 1000 ranking shows that fast growth in major emerging markets is still a huge economic driver.”

The list also highlights the rise of banking in Indonesia, which had two banks enter the top 20 in Asia-Pacific, bumping out Thai and Taiwanese institutions.

Source: Vi Vu – VnExpress

Vietnam Business Summit to be held at margin of APEC leaders’ week

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The Vietnam Business Summit (VBS) will be held within the framework of the APEC Economic Leaders’ Week in Da Nang early next month.

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc told a room of reporters on October 9 when talking about business events during the APEC Economic Leaders’ Week scheduled from November 6-11.

Conferences will include the fourth APEC Business Advisory Council (ABAC) from November 4 to 6, the Vietnam Business Summit, the APEC Business Summit, and a dialogue between ABAC and APEC leaders.

VCCI chairman said the conference will discuss the future of APEC’s economy and gather together leading enterprises from the bloc’s 21 economies.

Key issues on the agenda include the future of globalization, rural development, small and medium-sized enterprises starting business, and global value chains.

Mr. Loc added that VCCI has proposed holding the APEC Business Summit on November 7, with the theme “Vietnam – Trusted Business Partner”, introducing innovation for sustainable development in Vietnam and the country as a friendly investment destination.

Within the framework of the conference will be symposiums on sustainable and smart agriculture, finance for development, health and education, and startups.

It will be held in conjunction with a trade promotion and investment conference involving Vietnam’s 63 cities and provinces. Mr. Loc affirmed that after the APEC Summit, a major international trade and investment promotion conference will be held annually in Vietnam.

As part of APEC 2017 events, VCCI also proposed hosting the APEC Start-up Forum and gained a positive response from APEC members. Initiatives to set up an APEC startup network of Vietnam were highly regarded by APEC members.

ABAC Chairman Hoang Van Dung said it had submitted recommendations to the APEC 2017 Summit on enhancing the development of trade liberalization, increasing the attractiveness of investment in the Asia-Pacific region, strengthening connectivity, prioritizing the development of digital infrastructure, creating connections between people, and further strengthening public-private partnerships to mobilize capital and experience in the private sector.

In terms of sustainable development, ABAC promotes innovative enterprise models, facilities small business’s access to finance, and encourages entrepreneurship.

“ABAC highly appreciates APEC Vietnam 2017 and hopes to have many initiatives to create the most favorable business environment for the regional business community towards sustainable development,” Mr. Dung said.

Source:VGP, VET

Donald Trump to visit Vietnam for APEC Summit

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GBS – US President Donald Trump will visit Vietnam in November to attend the APEC Summit as part of a regional tour, the White House has confirmed, amid growing uncertainty over Washington’s commitment to Southeast Asia.

This will be the first time Mr. Trump has traveled to Asia since taking office. He will also attend the ASEAN meeting in the Philippines and stop in Japan, South Korea, and China during the November 3 to 14 trip.

The President’s Asia tour demonstrates “his continued commitment to the alliances and partnerships of the US in the region,” the White House said in a statement on September 29.

The confirmation came after Mr. Trump appeared non-committal about his planned visits to Vietnam and the Philippines two weeks ago.

The six-day APEC Summit will open on November 6 in the central city of Da Nang, with other world leaders including China’s Xi Jinping and Russia’s Vladimir Putin expected to attend.

Plans for Mr. Trump’s trip to also entail an official State-level visit to Vietnam are under discussion. Deputy Minister of Foreign Affairs Bui Thanh Son told VET that Mr. Trump’s schedule is tight and both sides are still discussing the matter.

Vietnam is Southeast Asia’s largest exporter to the US. After becoming President, Mr. Trump withdrew the US from the TPP – a mammoth US-led trade deal whose 12 members make up nearly 40 per cent of global GDP – dismantling the signature policy of his predecessor Barack Obama, who visited Vietnam in May 2016.

Prime Minister Nguyen Xuan Phuc paid an official visit to the White House in May, beginning a series of Washington visits by Southeast Asian leaders.

VN Economic Times

Why Vietnam: Progress on special zones law to ease investment

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The Department for Economic Zones Management of the Ministry of Planning and Investment is in the process of completing the draft Law on Special Administrative-Economic Units, with adjustments being made in terms of local operations, organization, administration and foreign investment policies. Tran Huy Dong, Director General of the DEZM, said the draft law is an important legal framework for the establishment, development, management and operation of three special administrative units: Van Don in Quang Ninh Province, Northern Van Phong in Khanh Hoa Province and Phu Quoc in Kien Giang Province.

Its policies will focus on building a particularly favourable business environment by greater opening of the market in the special zones and regulating investment conditions in attractive industries, especially for foreign investors.

The draft law also proposes regulations to renovate and simplify investment at a provincial level in accordance with policies set by the Prime Minister, particularly when granting investment registration certificates for public-private partnership and offshore investment projects.

Access to land for domestic and foreign investors is also improved in the proposed draft. Accordingly, investment projects with significant innovation, mostly in the fields of research and development, health care, education, and projects of strategic importance would be granted a 99-year land lease.

In addition, the State budget will focus on targeted objectives for these special units in the next 10 years, allowing for local budget deficits in favour of important technical, social and environmental infrastructures, and implementing specific policies prescribed in the draft law.

Tax exemption

The Draft Law gives priority to incentive policies on tax exemption, with the highest level of incentives applied to creative start-ups, research and development, healthcare, education and investment projects.

The law also regulates tourism and services development policies, such as raising the level of duty free sales value for Vietnamese tourists and foreigners in non-tariff areas, implementing a simplified and expanded visa policy, and applying lower special consumption tax rates for casino businesses to compete with Singapore and Malaysia.

More specifically, there are differences in the level of competitiveness for each new administrative zone, which would affect their development pathways, said Dong.

According to Dong, Van Don, which is only a three to four hours flight away from China, should plan to gradually construct and improve its airport for better access to this market in terms of tourism and logistics.

Phu Quoc, with its 3,000 hectares of natural beauty, and the advantage of being easily accessible from other ASEAN countries, should attract investors in the tourism and services areas.

The Van Phong Special Zone, which can potentially house a number of deep sea ports, as it is just next to a junction of important international maritime routes in the East Sea, should focus on strategic development for maritime transportation through the Kra Canal.

Preferential investment incentives are only applied to industries with development priorities in each special zone. For example, in Vân Đồn, only tourism and high technological production projects will be given preferential treatment, and the same applies for mechanical engineering, telecommunication or electronics production projects in Vân Phong.

Personal accountability

The draft law includes changes in the administrative structure of these special administrative zones, placing personal rather than collective responsibility on local leadership for implementation of government policies.

Heads of special economic administrative units will perform the function of State management, deciding and organizing the implementation of all administrative and socio-economic activities in their respective units, while judicial administration will be managed by a district level special court with the competency and responsibility of a provincial level court.

Dông also mentioned other adjustments in these special economic units, such as the possibility applying foreign laws for any foreign business investing in Vietnam, which should help solve business-related issues that might arise in foreign courts.

Nevertheless, the DEZM considers the biggest obstacle in completing the draft law is whether it can meet investors’ needs. As such, the Ministry of Planning and Investment (MPI) believes it should follow the Politburo’s direction and the Prime Minister’s orientation to put emphasis on experimenting and adjusting policies in a continuous and flexible manner through each economic development period.

Hoang Ngoc Giao, director of the Institute for Policy, Law and Development Studies and Tran Dinh Thien, director of Vietnam Institute of Economic and Policy Research, said that domestic investment must be treated the same as foreign one to enable a competitive edge to Vietnam’s domestic economy.

The draft law is expected to be submitted by MPI to the 14th National Assembly for comments during its fourth session in October, with hopes of getting it approved by the fifth session in October 2018.

– VNS/ https://gbs.com.vn/index.php/en/news/2599-progress-on-special-zones-law-to-ease-investment

7 facts about Vietnam you should know

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Vietnam can be summed up as full of culture and history. Located on the South China Sea known, this Southeast Asian country is renowned for its beaches, rivers, Buddhist pagodas and cities. Here are some facts of the countries:

1:The country’s name was originally spelled as two words, Viet Nam.

2: The world’s largest cave, Son Doong, is in Vietnam.

3: Vietnam’s flag consists of a golden star with a red background. The five points to represent farmers, intellectuals, workers, youth and soldiers and the  red background pays tribute to the bloodshed during the wars.

4: Their cuisine incorporates the five Asian elements; spicy, bitter, sour, salty and sweet.

5: The highest mountain peak in the region is Fansipan, known as The Roof of Indochina.

6:Traditional Vietnamese culture revolves around the values of humanity, community, harmony and family.

7:Rice terraces are planted that way to enable the crop to grow along the steep mountainsides.

– iol.co.za

Nissan unveils new electric car in bid to drive off competition

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The new vehicle ‘strengthens’ the firm’s ‘leadership’ in the electric car sector.
Japanese giant Nissan Wednesday unveiled a new electric car with an extended range and semi-autonomous driving functions, as it seeks to battle off competitors in a sector it once pioneered.

The second-generation Nissan Leaf has a potential range of 400 kilometers (250 miles) between charges, compared with 250 kilometers for its previous version.

It also boasts semi-autonomous driving capabilities such as keeping the vehicle automatically in one lane on the motorway or parking without human intervention.

Hiroto Saikawa, president and chief executive officer of Nissan, said in a statement that the new vehicle “strengthens” the firm’s “leadership” in the electric car sector.

Nissan was an innovator in the sector seven years ago when it unveiled its first Leaf — which has sold 280,000 units — but has since had to contend with fierce competition from General Motors and Tesla among others.

Faced with tighter global environmental regulations, most carmakers are investing heavily in the electric car sector, sparking a ferocious race to create the next green vehicle.

The new car will be available next month in Japan, followed by the United States, Canada and Japan in January 2018.

The price tag in Japan will be 3.15 million yen (around $29,000).

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