French Consul General in Ho Chi Minh City Vincent Floreani delivered an introduction of the residence’s history as well as modern and old paintings and ornamental exhibits including painting Dam ruoc trong lang of famous artist Nguyen Gia Tri. Covering the area of over 1.5 hectare, the residence has old big trees with different kinds of bird. The opening of the residence to the public was initiated by the French Ministry of Culture in 1984 with the name “Opening Festival of Heritage” Many local and international visitors went on a tour of all halls in the Consulate General residence. Last year, the Consulate General of France in Ho Chi Minh City welcomed more than 1,300 visitors. The nearly-150-year-old building was constructed in 1872, well before the Notre-Dame Cathedral of Saigon and 14 years before the city’s Central Post Office. It has maintained its original architecture for more than a century and preserved numerous antiques of Asia of great historical … [Read more...] about French consulate in HCMC opens to public
The Hanoitimes - The country has developed more than 20GW over the past 15 years to feed the country`s double-digit annual power demand growth. Vietnam’s electricity sector projected to be bigger than Britain’s by mid-2020s Vietnam’s installed power capacity currently hits 53,000MW, ranking second among Southeast Asia countries, behind Indonesia and the 31st all over the world. Vietnam's Deputy Prime Minister Truong Hoa Binh at the inauguration of Vinh Tan 4 Thermal Power Plant. Photo: Petrotimes The figure was revealed by Deputy Prime Minister Truong Hoa Binh at the inauguration ceremony of Vinh Tan 4 Thermal Power Plant in the central province of Binh Thuan, local media reported. Vietnam has put into operation more than 40 power plants capacity more than 20,000MW over the past 15 years, Binh said on Saturday [September 21]. Vinh Tan 4 thermal power project Costing an investment of VND36 trillion (US$1.56 billion), Vinh Tan 4 is … [Read more...] about Vietnam’s power capacity reaches 53GW, 2nd biggest in SE Asia
The ministry has also proposed a VND100-trillion credit package which will develop the supporting industries, mainly for auto manufacturing. The fresh move brings hope for the automobile industry but also sparks doubt over the result of the huge funds for the project. Over the past dozen years, many plans have been proposed to help the automobile industry increase the local content but the situation has barely improved. The local content is still several percentage points, far below the 40% target, and imported cars have made more inroad into the local market, as many foreign-invested auto assemblers have closed down their plants and switched to auto trading. The author thinks that the automobile industry development plans have failed because management agencies have focused only on the financial aspect with tariffs and incentives, and the big market potential, which has yet to be materialized. In mathematical terms, finance is only the necessary, not the sufficient condition. The … [Read more...] about Auto industry needs more than money
Commenting about the Ministry of Finance’s (MOF) plan to raise the MFN (most favored nation) tax rate on HRC imports (72.08 group) from zero percent to 5 percent, Hoa Sen Group said the tariff hike won’t restrict the import of Chinese products to Vietnam, but may do more harm than good. Currently, both Vietnam and China are members of the ASEAN-China FTA (ACFTA). HRC products belonging to the 72.08 group imported to Vietnam can enjoy a preferential tax rate of zero percent. An analyst also warned that the tariff increase would make the situation more serious, because enterprises would have difficulties importing supplies, and domestic output still cannot satisfy the requirements. He went on to warn that if Vietnam raises the MFN tax rate by 5 percent, the average input material price in Vietnam would be higher than the world’s price by 8-9 percent, which means that the production cost will increase proportionally. This will make Vietnam’s steel products … [Read more...] about Will Chinese HRC steel benefit if Vietnam raises tax?
The village has more than 20 paintings depicting nature as well as countryside life on its walls, adding considerably to its rural charm. Known to locals as Sua, the village is located in Van Duc Commune, Gia Lam District, on the banks of the Red River. It has an eponymous wharf that was a stopping point on an important waterway that connected the east side to the ancient citadel of Thang Long, the original name of Hanoi, meaning land of the rising dragon. A painter paints colorful parakeets on one of the village's walls. Six months ago, a group of seven young painters from several universities in Hanoi volunteered to decorate Chu Xa with murals. Next to the fields, a shed where workers store their tools now sports a mural of children flying kites. The village is well-known as a source of vegetables and fruits for Hanoi and surrounding provinces. This mural of a green capsicum, a cabbage, two tomatoes and two dragonflies also features a small boy with a hairdo seen … [Read more...] about Young artists give Hanoi village a new coat of paint