Disney goes on air in Vietnam

Starting May 19, Disney programs will be broadcast on the cable channel HCMC Television as part of the company’s plans to penetrate into Vietnam’s potential market, local newspaper Tuoi Tre reported.
Disney-owned TV channels Disney and Playhouse Disney will debut on HTV with the theme “Hello Vietnam.”

Vietnam builds first wind power complex

Vietnam is developing its first wind power generators at a cost of 820 billion dong ($52 million) to meet soaring demand for energy, officials said on Wednesday.

Construction of the wind power complex has begun in the central coastal province of Binh Dinh, 650 km (404 miles) north of Ho Chi Minh City, officials from the Central Region Wind Power Development and Investment Co., the project operator, told Reuters.

Vietnam pumps nearly 25 bln VND to upgrade central port

Three Vietnamese groups have pumped nearly 25 billion VND to upgrade the major Ky Ha port in central Quang Nam province in order for the port to receive larger ships by the end of June.
After construction is completed, larger ships with loading capacity of up to 10,000 tons can dock at Ky Ha port in the Chu Lai Open Economic Zone.

Since the middle of this year, the Vietnam National Maritime Bureau has invested 3.5 billion VND to dredge the waterway leading to the port to 6.5 meters deep.

Vietnam signs deal for construction of first oil refinery

An international consortium led by French group Technip signed a 1.5 billion USD deal May 17 to build Vietnam's first oil refinery, the biggest ever investment in the country, AFP reported.

Officials from Technip, Japanese engineering giant JGC Corporation and Spain's Tecnicas Reunidas signed the deal with state-owned giant PetroVietnam in Hanoi.

The long-awaited deal is seen as crucial to giving Vietnam energy autonomy as, despite being a major crude producer, the nation has to import its refined products.

Overseas Vietnamese musician Pham Duy returns home

The renowned Vietnamese musician and composer Pham Duy, 86, can happily say he is no longer an “overseas” Vietnamese after he arrived in Ho Chi Minh City on Tuesday to spend the rest of his days.
After arriving Tuesday morning, Thanh Nien spoke with Duy at the Saigon Star Hotel, where he would stay in the coming time, about his big move.

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Fisheries sector to fund promotion

Workers process shrimps for export in the Nam Hai Food Ltd Company in the southern Can Tho Province’s Tra Noc Industrial Zone. The fisheries sector will inject roughly US$88,000 into a promotion campaign designed to increase its exports to the US and Japan. — VNA/VNS Photo Trang Duong
HA NOI — The Ministry of Fisheries is planning to spend VND1.4 billion (US$88,000) on promotional campaigns encouraging shrimp exports to Japan and the US, Viet Nam’s two biggest markets, in an attempt to address the disappointing export levels for the first months of this year.

IT use up in nation’s classes

HCM CITY — Information technology is gradually replacing conventional teaching tools at many secondary schools in HCM City.

Teachers are finding it easier to use more convenient and livelier methods, like illustrative film strips, which employ computer technology.

"It does not require much," said Tran Thi Thu Thuy, a chemistry teacher at a secondary school. "All we need are a computer, a projector, and a wide screen television."

Bank card issuance to double

HA NOI — The domestic bank card market may see a boom this year, following reports of high growth by commercial banks, who expect to double their card issuance by the end of the year.

The State-owned Vietcombank, currently the country’s largest issuer with 700,000 cards in circulation, estimated that card issuance would reach 1.2 million by the end of the year.

Age for compulsory military service to fall

Ha Noi — The registration age for obligatory military service would be reduced by two years - from 18 to 25 instead of 18 to 27 - as part of proposed changes to Viet Nam’s Military Law, the National Assembly was told on Monday.

The change was forecast in a 10-year-review of the law delivered by National Defence and Security Committee Chairman Nguyen Phuc Thanh.

The changes would focus on parts of the legislation that were no longer appropriate to Viet Nam’s socio-economic conditions, he said.

Vietnam textiles up for fierce challenges

Vietnam’s textile industry will face great challenges, instead of opportunities, when the U.S. re-imposes quotas on Chinese clothing imports, a move which the European Union will likely soon follow. 

The U.S. has announced it will re-impose quota restrictions on three categories of Chinese clothing imports, arguing that the Chinese goods are damaging the American textile industry.