Академический Документы
Профессиональный Документы
Культура Документы
No. 001
VND6,800
Collection
Dear
vehicle fees
readers,
outcomes
pushing the envelope on our reportage of major national and transnational issues sectors, traffic problems,
inflation, corruption in various climate change challenges, the burgeoning Occupy Wall
global economic recession, the Street movement and so on. promote informed public debate with increased interaction with foreign and
Vietweek aims to
Vietnamese readers, devoting suggestions, questions and comments on all issues, improve our service. especially on how we can We look forward to your
Honest gamble
PHOTO: BLOOMBERG
Indisposed
Private hospitals fail to fill healthcare vacuum
12-13
Its
possible
Single-digit inflation within reach,
PHOTO: REUTERS
Undue influence
Public good could be compromised as PM concedes interest groups exert
Cambodia slander
15
NEWS
consider being a party member as one of the required criteria for a in the government apparatus. Phan Dien, former Politburo Standing person to be appointed to a leader
HANOI - The sole survivor from the Vinalines Queen, the Vietnamese cargo vessel that allegedly sank in 5,000-meter waters off the Philippines around Christmas time without sending any distress signal, arrived in Hanoi Wednesday with stories of his harrowing time floating at sea.
other sailors again before he was whisked away from the airport by a media away from Hung.
Dau Ngoc Hung, 31, merely told reporters, All I want to do is meet the
representative of Vinalines, the company that owned the ship, who kept the But later he met reporters before leaving for his hometown, Nghe An. When the ship listed to one side, the officers in charge issued a
warning to all sailors to wear life jackets and stay near the life boats. But the ship sank quickly and I was sucked into the water, he said. I managed to emerge after a while. Then I found a life raft.
But it was later capsized by strong winds and choppy seas, and Hung
but I do not dare to say what the Vu Mao, former chairman Assemblys Commi
Queen which reportedly sank off the Philippines on December 25 without sending distress
there until the London Courage found me, he said. He was referring to the British vessel that found and rescued him on December 30. (Continue on page 4)
I found some food, fresh water and medicines on the boat and stayed
newspaper on
most signicantly in Nigeria, up 17.2 percent, followed by India, of 17 percent, Brazil, 16 percent, and Vietnam, 15 percent.
increased consumption in Asia, Latin America, Africa and the Middle East.
(trac) accidents will end or not Only when the earth stop. stands still will trac accidents Transport Minister Dinh La
beer continues to rise based on demand from guzzled around the world in 2010 to a new record.
Drinkers attend the Hanoi Beer Festival held in downtown Hanoi on December 4, 2011
PHOTO: AFP
accounting for 61.41 million kiloliters of the Asia accounted for 33.6 percent of global
total, an increase of an impressive 5.3 percent. consumption and was followed by Europe percent.
million kiloliters of beer were consumed in 2010, the most recent year for which it has compiled statistics. That gure represents an increase of 2.4
increased wealth and burgeoning middle class. million kiloliters, down 1.4 percent. Japan placed seventh on the list with 5.81 million kiloliters, down 2.8 percent on the previous year and a reection of an aging population and The United States came in next, with 24.14
with 27.7 percent and Latin America with 16.2 North America was next on the list, accounting
for 14.5 percent of the total, followed by Africa, around 1.9 percent of the total.
with 6.1 percent. The Middle East accounted for Broken down by country China remained the ,
diversifying tastes among consumers, Kirin said. consumption in Asia, however, with the average remarkably only landed Japan in 38th place in , the global per capita rankings. AFP VW , Japan did take the award for per capita beer
And more beer is expected to be drunk next year. would be sucient to ll the Tokyo Dome baseball stadium 147 times. Kirin said that 182.69 million kiloliters of beer
eighth consecutive year. Chinese put away 44.68 million kiloliters of ale over the year, an increase
By THU HANG
latest proposal to levy yearly trac fees on personal cars and motorbikes.
HANOI
Trung Hai on Wednesday (January 4) asked the Ministry of Science and Technology to the results of inspections done to test the report to Prime Minister Nguyen Tan Dung quality of petroleum products following many instances of vehicles catching re and/or exploding last year. The Deputy PMs instructions were
explosions 50 cars and 39 motorbikes that killed two and injured two others across the country last year. On January 3, the Ministry of Science and
VW
Technologys Product Quality Management Department announced it had found six and Ho Chi Minh City .
mentioned in a report on the government website. Substandard fuel is one of the suspects in
samples of substandard petroleum in Hanoi It said two samples had higher than
Vietweek website www.thanhniennews.com I no speak English Vietnam flight delayed as man sleeps in airplane's engine Vietnam has fewer than 50 wild tigers left Fashion shop worker killed by boyfriend of irate customer $47,600 of cash, gold stolen from Vietnams police leader
the recent spate of motorbike and car res and explosions, Deputy PM Hai said in the note sent to the ministry . According to statistics from the Hanoi
allowed methanol content and four samples did not have the required octane rating (or octane number) a standard measure of the higher the octane number, the more detonating.
Fireghting Department, there were 42 vehicle explosions in the city between December 1, 2010 and December 18, 2011. The explosions happened to cars and
performance of a motor or aviation fuel. The compression the fuel can withstand before According to the department, most vehicles in
NATION
forces them to do it in the fog, Kwakwa said. Analysts concurred that access to authority of special
policy decisions are shrouded in secrecy Jonathan Pincus, a Ho Chi , the Vietnam Program at Minh City based economist with Harvard Kennedy School, said. the
HCMC
Tan Dung has become the second Vietnamese leader in the past three months to acknowledge the surging the policymaking process, arguing the issue.
foreign exchange reserves are a state secret. information. The activities of state state secrets, Pincus said. But how can we This should be
inuence interest groups have on for increased transparency to tackle These interest groups could
managers more accountable if these information about their activities to the public? What is the point of being not given to the public? economic percent woes,
sway the decision making process [of the government], Dung wrote Year message.
in an article conveying his New Dung has been the second leader
a public company if information is Experts have blamed Vietnam s ination including for 2011,
18.13 on
three
determination to ward o one of the way of fullling the intent of the shakeup. Commi
from their core competencies into sectors such as property and stocks both of which have faltered. The government needs to come
diversify
which
Nguyen
out with a plan to barricade itself from inuence of business interests but
A man (L) stands in front of an ATM while a homeless man sleeps in front of an advertisement on a street in Hanoi January 3. Prime Minister Nguyen Tan Dung has acknowledged the surging influence interest groups have on the policymaking process, calling for increased transparency to tackle the issue.
PHOTO: REUTERS
necessity the
economy along with overhauling three priorities: public investment, nance The enterprises. and growth model, chalking out
government also needs to take care and prosper under fair rules for all,
at
the
same
time
the
that Vietnamese businesses develop David Koh, a Vietnam analyst at the in Singapore, said. to But the bo analysts, the
planning, and policies must not be swayed by interest groups, Trong said at that time. Analysts have expressed
investment
their inuence dicult to trace. For hydropower accrue interested instance, golf projects, for courses only a
prots
which few to
and
concern that the reform path, albeit face erce resistance because on
touted as a signicant step, could aims to loosen the grip powerful interest special political process. interests groups have the it
sprout up in the country despite widespread public outcry . The execution of transparency process] will
parties,
continue
government decision is made for the sake of the entire country . improving transparency in
every
that
inuence of interest groups is not foreign to Vietnam, or any other modern government. Basically , everybody
and
and integrity [in the government decision making chance to enable the public to have more of a monitor
to go, Victoria Kwakwa, the World Bank country director for Vietnam, said. The Vietnam Development by the
citizens or the misappropriation of funds in state owned enterprises, hard working people of Vietnam corruption forces the honest and to run uphill; lack of transparency
beset
the
rms
unocial
and
should know already knows such a thing exists in Vietnam, Koh said. Ultimately , only people to will
who
groups
government
whatever the government says, but will government does. listen whatever
hear the
Report
2010,
prepared
VW
HCMC Minh
Thanh District trac police ocers s Minh Hoa, a Phu Nhuan District causing public disorder. Under the
of
April
23,
2011,
Binh
newspaper for allegedly bribing a policeman. Khuong, They allege well that Nguyen
City
conscated the motorcycle of Tran resident, for reckless driving and regulations, Hoa
That Hoa who had connections approach the Ward 9 police station, the police report says. Ton That Hoa introduced himself the police to verify
another conscated vehicle. He then called restaurant Khuong and to introduced come to the the
stories about the cop taking bribes from Tuan, the owner of the trailer truck.
penname of Hoang Khuong, 39, was involved in the case where Huynh Minh Duc, former ocer of division, was bribed to release a motorbike racing.
known
under
Van
the
would have his bike returned if he paid a ne and submi le er in which he admits
as Minh Hoas brother in law and asked review le er, but his request was the
Khuong asked Duc to release the er agreed. Khuong then the bike and its
police arrested Duc on charges of taking bribes and Ton That Hoa and Tuan on charges of mediating bribery respectively . and giving bribes,
ed a review
paid Duc VND15 million for the registration certicate, according to the police report. However, a er the bike of
wrongdoings and promises not to repeat his actions before a group of resident representatives in the area where he lives. The le veried instance, by Phu local police, in
his
turned down.
Binh Thanh District trac police s bike impounded in raid on illegal Police also arrested Nguyen Duc
acting as a middle man to help a caused an accident while driving a trailer truck, to bail the truck out. On June 25, 2011, Ton That Hoa
released, Duc refused to give back the reasons not yet explained. Duc, asking him to registration certicate for
was
Police Department proposed that Tuoi Tre newspaper and the Press Department under the Ministry of
Information and Communications revoke Khuong journalist license s and review his work. The Tuoi Tre then revoked the er he was arrested, the paper
Nhuan
18 last year for allegedly taking bribes from a trac violator, a Khuong articles published in July . exposed his actions er in
met Duc (the trac cop) at a coee gave the la and er VND3 million in license, the
shop in Binh Thanh District and bribes for releasing Tuans truck report says. driver s
Khuongs brother in law and also asked the la bike out. Minh er to help him bail his
threatened the policeman, saying result to return in his the actions certicate
and
police
2011,
accepting bribes) being exposed in the press. The police report says that a
(of
and Khuong family hired a lawyer s to defend Khuong. articles police about Khuong has wri ocers
er
newspaper.
for
en around 50 Tre of
VW
NATION
growing steadily.
strategic position in Indias Look East policy, Indian Minister of State for External Affairs E.
bilateral trade and economic and cultural cooperation were still below potential.
exclusive interview.
content to the strategic partnership forged in 2007, especially in the technical, and cultural fields. economic, commercial, scientificBoth sides have set a revised India had set up a short-term
closer engagement with India as mutual advantage in the region, Vietnam in connection with the 40th anniversary of the
Indian studies at the University of Social Sciences and Humanities in Ho Chi Minh City.
establishment of bilateral relations, of the establishment of a strategic partnership between the two countries, January 5.
US in shameful
national anthems of both India and Bangladesh, painted prolifically, composed brilliant music, and wrote poetry, novels and plays winner of the Nobel Prize for literature.
including, in the last five years, by their respective presidents and prime ministers.
bilateral trade had grown nearly 14 times by 2010. The Indian corporate sector had
HCMC
Airways had signed an MOU for the commencement of direct flights in 2012, Ahamed said.
Cambodian
Prime
rejected the notion that Vietnam invaded the neighboring Southeast Asian kingdom in the 1970s, saying
and doing business with Vietnam, looking at it as a hub for reaching out to the entire ASEAN region. Indian investments in Vietnam,
education, steel and carbon black, exceeded $400 million and were
meanings of the word Vietnam. In and development of Cambodia, he in Dong Nai Province a er
VW
ceremony to launch a monument for Unit 125 the earlier day . Founded by Hun Sen, Unit 125 movement of prior to
Nguyen Que Duong, a Vinalines official and a former ship captain, said a Nguyen Anh Vu, general director of the Vietnam Maritime Search and Rescue
Motherland on December 2, 1978 that genocidal regime. mark what eventually defeated the
Co-ordination Center quoted Hung as saying the ship straightened after listing to , one side. But it listed a second time and sank quickly, he said, adding it might have hit a Vinalines Queen, one of the largest vessels owned by the state-owned Vietnam
large object.
anniversary of the ouster of the Khmer Rouge regime on January 7. said he wanted to express At the press conference, Hun Sen
33rd
established
between the Royal Government of to try senior members of the Khmer Rouge.
under
an
agreement
religion.
National Shipping Lines (Vinalines), lost contact on December 25 when it was at 20N and 123-47.1E, northeast of the Philippiness Luzon Island. Since then foreign rescue forces have been searching in vain for signs of the
his
Its
brutal
practices
of
the population and starvation are estimated to have wiped out some two million people from 1975 1979 them out of power.
ship, which had been on its way from Morowali in Indonesia to Ningde in China with 54,000 tons of nickel ore. They merely found an oil slick near the site, and called off their efforts on December 29, a day before Hung was rescued. Hung, believed to be the only survivor was picked up some 350 kilometers ,
war martyrs who sacriced for the survival of Cambodian people and the country .
in 1998 without facing justice but the surviving regime s members, four most accused
before the Vietnamese army drove In the book Hun Sen: Strong man
from the spot where the Vinalines Queen was last heard from, according to Vinalines.
Commenting on accusations by a
trial last month that Vietnam had invaded Cambodia in the 1970s, to respond to such Hun Sen said it was not necessary words.
genocide, war crimes and crimes against humanity nally went on , trial in Cambodia late last year.
of
of Cambodia, authors Harish Mehta and Julie Mehta wrote that Hun Sen was very angry when asked about
Nguyen Canh Viet, Vinalines general director rejected accusations that the , It is common to lose communication with a ship. We only ask for rescue
defendants in the tribunal Case s 002 together with Ieng Sary Khieu , face charges of crimes Samphan and Ieng Thirith. They humanity grave breaches of the , genocide, according to the tribunal s website. Led by Pol Pot, who died in 1998, extreme policy to designed utopia against
efforts when we get an SOS. So far there has been no [SOS from the Vinalines , Queen] via satellite. The ships captain had been properly trained, had three years experience and It was Vinalines most serious disaster to date, he said.
The
killer
and
some
assistance
Vietnam s
wrongly as an
said
Cambodia
military
Everybody knows our country used [now] said. we and the world
The ship was built in Japan in 2005 and had an advanced self-protection
to have a genocidal regime and opened a trial against them, he The Extraordinary Chambers in as the Khmer
have
Vietnam s
rescuers to detect its location even if it was under water the company said. , said.
But since it went missing, Vinalines Queen had not sent any signal, officials Vu said his agency had expanded the search area to certain coral islands to
VW
abolished
people
money
and
leave
outlawed
cities,
that
to
and for their survival Has any country helped Cambodia as much as Vietnam? No! Only Vietnamese people and army helped Cambodia when it faced the worst diculties.
NATION
The United States supported
ot invade, but
China and the genocidal Khmer Rouge against Vietnam s liberation UN to keep of Cambodia, e.g., by lobbying the Kamphuchea s seat at the UN and lobbying ASEAN to form a united front against Vietnam
Upcoming events
American Chamber of Commerce JANUARY 10 (TUESDAY): The
Democratic
Cambodia, he testied at the time. active duty in the US Army serving , by post war stints with to the Sauvageot had nine years
in
a Joyful and Successful Life from 8 a.m. to noon at the New World Hotel Saigon, 76 Le Lai Street, Micheal Lavin John Robert District 1, HCMC. Speaker: Prof.
of
provide was
US
Powers School. Admission fee: VND750,000 for AmCham non-members. members and VND1 million for
Vietnam s with
unilaterally , support
Vietnam the
role
only
diplomatic Soviet
acted
EuroCham Business Luncheon on Compensation Trends to Retain T wers Watson Salary Survey and o
JANUARY 10 (TUESDAY):
and only Vietnam saved the Khmer people from the genocidal, Rouge, he told Vietweek. maniacal rule of Pol Pot Khmer s It was the heroic, but humane er quickly overthrowing Rouge closed eective the
chambers/death camps such as Tuol Sleng, stopped the mass killings, opened a path for a new
1979,
torture
T owers Watson Vietnam Admission fee: VND750,000 for EuroCham non-members. For registration, contact Ms. Thuy at events(08) 3 827 2715. hcmc@eurochamvn.org or call members and VND1.05 million for
known as the killing elds and Cambodian government under the leadership Hun Sen which eventually would be strong enough to insure that the horror and terror of the of Heng Samrin
and
Rouge could never again return to Cambodia. He said Vietnam, even though it of ghting into and for
Khmer
JANUARY 11 (WEDNESDAY):
was still impoverished itself from years independence shipped had food freedom, its
Nguyen The Vinh and the Vietnam National Symphony Orchestra will House, 1 Trang Tien Street. begin at 8 p.m. at the Hanoi Opera Tickets, priced at VND200,000,
help Cambodians whose harvest necessary deployment of PAVN to end the horric rule of the Khmer Rouge. been disrupted by the
Cambodia
to
350,000 and 500,000, are available at the Hanoi Opera House or can or ticketvn@gmail.com. For free be booked at www.ticketvn.com
to distance itself from the Soviet Union and accept being a satellite in the Chinese Orbit. Being also
will be held from 8 a.m. to 6 p.m. at the Sheraton Hotel Hanoi, K5 Nghi T am, 11 Xuan Dieu Road, T ay Ho District, Hanoi. An audience of more than 200 government
JANUARY 11 (WEDNESDAY):
do anything to counter their Khmer Rouge allies. in Sadly , the US my friends/colleagues Khmer And
The skulls of Khmer Rouge victims are displayed in a memorial to the genocide at the Killing Fields Museum outside of Phnom Penh, Cambodia. Cambodian Prime Minister Hun Sen said Vietnam had saved his country in the 1970s, not invaded it.
Washington that the Vietnamese might stopping also the be responsible genocide in
Vietnam assistance? Whenever we s became stronger, Vietnam would withdraw reality they withdrew in 1989. They , 20 years, he said. Enemies: The of its military force. In
for
Vietnam. to
the
Chinese, were
same all
American wrong.
thing.
government
believed Rouge,
assessments frankly
Cambodia, he said.
have not been present for more than Edwin Martini, author of Invisible American War on
July last year, Martini pointed out that the US was providing all these supplies they called and the materials to
overthrow regime
one
the
Rouge most
and
I predicted that at the time, he said. did not want to go into Cambodia According to Sauvageot, Vietnam
exchange perspectives at this highlevel gathering. Prime Minister Nguyen T n Dung has confirmed a
and had tried hard to persuade China to quit supporting the Khmer tried to persuade Khmer Rouge to stop the raids so, he added. Rouge but to no avail. Vietnam again could not do for
his participation and will deliver the summit keynote address, according to EuroCham. Admission fee: US$1,890
Vietnam, 1975 2000 and Associate Professor Michigan University said the US , had backed the Khmer Rouge and Cambodia. blamed Vietnam for the invasion of The long term US position on History at Western
resistance when everybody knew full well that most of those supplies going to the Khmer Rouge.
non communist
what
support the Khmer Rouge at the United I believe the hard liners won the debate and wanted to punish Hanoi four years before with its a for the way the war had ended only the Saigon regime, he said. Nations for many years.
(Standard), $1,510 (Economist subscriber rate), and $1,320 members rate). EuroCham (Economist Corporate Network members are eligible to get a 25% discount off the standard rate for this event. Register at
among most scholars and historians that Vietnam played a signicant role genocide and that the invasion was provoked by the Khmer Rouge, he said. in ending the Cambodian
ack on
Cambodia, and the Third Indochina War in general, really was made permanent during the Reagan
of the US Army had referred to US s support for the Khmer Rouge at the before the Subcommi Asia Commi and Pacic ee on East of time in his statement at a hearing Aairs the
Party/Government did not want to remain any longer than necessary to (and Chinese supported
www.economistconferences.asia/e vent/vietnam-summit or contact Alice Wong, Client Relations 2585 3312 or by e-mail at
correspondent in South Vietnam during the 1968 75 period, shared similar views about the US blaming
insure that the Khmer Rouge terror into Vietnam) could never return, he said.
March 2008.
ee on Foreign Relations in
raids
VW
NATION
The surgical
McKinnon who is reputed to perform complex surgeries on by major patients refused hospitals
By MINH HUNG
HCMC
American surgeon with a reputation for successfully performing surgeries in cases rejected by major hospitals arriving in the city for the operation. doctors at the Ho Chi Minh City based Tumor Hospital had McKay McKinnon, of Chicago, and two
months ago called o a proposed surgery on Nguyen Duy Hai, 32, of the Central Highlands province of eusion, life. which could
Lam Dong saying he had pleural respiratory failure and threaten his Nguyen Duy Sang, Hai s was on cause
younger moved
December Tumor [a
to
Asked
FV
said
Hospital about
Hai
allow
The
the
PHOTO: FV HOSPITAL
Nguyen Duy Hai, 32, has suffered from a large tumor that has recently grown to more than 90 kilograms. Chicago-based doctor McKay McKinnon has decided to conduct a surgery for him.
examined Hai and found him in good enough health for the surgery . He [McKinnon] said the chance
number
surgeries. In 2000 he removed a woman 200 pound (91 kg) tumor s worldwide a O in an 18 hour operation that drew USA T oday newspaper.
of
tumor removal
of a successful operation is only 50 percent, Hai told Vietweek. I decided to take a chance
Tuesday (January 3) to discuss treatment for two patients A source told Vietweek that McKinnon will consult with On December 24 hospital doctors persuaded Thach
Highlands province Lam Dong was admitted to Cho Ray Hospital on December 26 for treatment of her facial tumors.
ention, according to
because it is terrible staying in bed round the clock. (NF 1), Hai has neurobromatosis type I formerly known as von
Thi Sa Ly, 35, to leave her home in the Mekong Delta province of Soc Trang and receive treatment. home.
she was three months old and the tumors have now spread to cover nearly half her face.
aect his health and even cost his oers his greatest hope. even with cases that
life, and that McKinnon surgery s McKinnon has been successful had been
Recklinghausen disease, a human genetic disorder. Nguyen Thi Cho Con, his 61 year
Previously, the woman was reluctant to venture far from Ly has thousands of small tumors covering her body,
because her family is also too poor to afford medical fees. Le Minh Hien, head of Cho Ray Hospitals Charity
Dung has lived with the tumors over the past years
old mother, said Hai, the fourth of but his health deteriorated as he became older.
including her eyes, nose and face. The tumors have and avoid her.
US, he said, adding it means Hai hospitals even if he wants to be treated there.
grown like lumps on a tree, causing people to be afraid Thach Thi Sa Phay, her 63-year-old mother, said Ly
Medical Unit, said the hospital has not collected any raise donations for them.
US
money from Ly or Dung and has instructed his unit to An entrepreneur in Da Nang has agreed to donate
was born normal like her seven brothers and sisters, but started developing small lumps on her back when she was one year old. The older she grew, the size and quantity of the tumors increased.
a pair of crutches but dropped out at the age of 11 due to the problems caused by his oversized right leg.
Wednesday.
contribute, call Cho Ray Hospital (848) 3 855 2486 or Hien directly at (84) 909 790 704.
VW
and has continued to grow ever since, bu ocks and back. covering portions of his
question a
away in 1997 and the family became Chau, who lives in the US, she said.
Samaritans Sam O
Entertainment, which is making a documentary helped him with the rent for an apartment in District 2. on Hais surgery,
Morningstar
Hai, they decided to amputate his leg at the hip. A er the surgery Hai had several ,
and weighs around 90 kilograms (198 pounds). It causes him terrible pain when
dependent on her eldest daughter Hai has told the media that if the learn a to repair
a charity that connects people with rare and dicult medical cases with treatment, doctors a refusal. helped
tumor is successfully removed, he will appliances and mobile phones to make mother. living and support electronic
happy years when he could walk with the help of crutches, his mother said. But the tumor returned in 2001
the weather changes and he relies on painkillers, Con said. But surgery became out of the
connect
around 6:30 a.m. yesterday (January 5) and the surgery was expected to take 10 to 12 hours. surgery is Complete information about the available on
his
McKinnon
website, www.thanhniennews.com.
Vietweek s
VW
NATION
billion. She gave some money to her parents to build a new house back in Dong Thap Province, also in the continue selling lo For be ery tickets.
money for his son without spending or allowing it to change his life for be er or worse. in a
Tuan
er or worse said he
would
save
the
money
seemed
talking
still
Last week, Vietweek found him ing at a roadside caf next to his
house to monitor the construction work. He pretended to be his twin brother until the reporter
introduced himself and the purpose for the visit. Tuan is the youngest of six
brothers and sisters and has no twin brother. Tuan said he would
never
the
Do Ngoc Tuan (R), 42, of Long An Provinces Ben Luc Town won more than US$300,000 after buying unsold tickets from vendor Pham Thi Lanh (L)
Nguyen Van Het in Ho Chi Minh City District 11, who lost almost all s his money a billion ($405,333) in February 2010.
poverty stricken
98 year old
er winning VND7.6
his on
Monday that Het is living his last days in poverty again with a niece, a distant relative, in Go Vap District. He has only some
neighbor
Vietweek
Honest
year old child and Tuan 81 year s many years, they had
VND100
broken new
vendor Pham Thi Lanh, 29, phoned her requested him to buy 20 tickets, as regular patron Tuan
and
that he has not seen Het over the past months and that they would soon. update Het address in Go Vap s He has no money now. What to said when of
concrete house on the same place where they lived, a plot of four meters by 15 meters.
iron bars to a nearby construction ticket a Lanh er taking the others and the winning lo
the results were announced at 5 p.m. everyday She only informed . him of the last two numbers of the six digit tickets.
tickets were not hers because she had promised to sell it to Tuan. buying all. A my tickets that
ery
write about him then? the police ocial requested residence. details to his Vietweek new Het,
driving
three wheeler
checked the results and found that including four with the
whopping
13 of the 20 tickets won big prizes, prize money VND1.5 billion each. , many .
November 15 in a lo
past 15 years and there will be no able to work like others. The money
ery jackpot.
on
such a change in his fortunes has made winning itself. the news as much as the
highest
Referring
What Lanh did next surprised She just phoned Tuan to come to
won anything, he just paid me the his. What would people think about
negative
plans
winners to
Nguyen
Tuan
impacts
avoid of
should the
Thi
and
possible sudden
make
Ngoc
me if I kept it for myself? she said. Lanh herself had a winning ticket
said the 41 year old man in Long An Province Ben Luc Town in the s Mekong Delta. equally His wife Pham Thi Han in was
we should avoid being shocked by well to have a healthy physical and mental life. feel pity
that he would never have taken it if Phuc reported the matter to the
comment on the windfall: That s good. Han works at a local ba company earning a li le more than ery
understated
her
local police and was directed to T an An T own Peoples Court that handles civil disputes.
spending
justice, accusing the centers director , his lottery ticket that won VND1.5 billion ($71,327).
VND4 million ($190) a month. She used to work harder earlier, selling but for less income. between chicken and ducks at a local market, Together with my earnings of VND300,000 a day , o we have and
check the result of his two tickets. He only informed Phuc that they did not win. The ticket vendor came to the
and might not have cared much about his future when spending all but a small amount for his funeral. money be
VND30 million and asked him to write a paper saying he saw her picking the ticket from a trash bin, which means she was the owner of the ticket. Phuc said he had taken the
2, 2011 when Hoc, an employee of a local company, visited the center to obtain hydrology statistics. Hoc
er by investing it and
center later in the day and informed the staff about the winning ticket. ticket but Binh insisted that the Phuc asked Binh to return the
VND400,000 adding
managed a good life, Tuan said, signicant that amounts he en on spends lo ery
dangerous in such cases, but it is also not a positive approach when the money is not invested wisely , she said.
is
VW
NATION
2003,
HCMC
halted
districts, the number of registered saw sharp increases, they said. Vo Kim Cuong, chief of
on Urban Management, said the fees would place a burden on poor doing small businesses. responsibility he said. It is the to people, who use motorcycles for Transport Ministry s trac
negative reaction
By PHUONG THANH
HCMC doubts
recent proposal by the Ministry of Transport vehicle fee as part of eorts to clear clogged streets in major cities. proposal The ministry to the submi ed to charge a
over
reduce
personal
Bridge and Road Association said the solutions to curb trac congestion and reasons,
PHOTO: DIEP DUC MINH
Vietnam
ministry forge
is
still
groping the
for
week, seeking to collect the so called personal vehicles circulation fees. in ve centrally governed cities Can Tho and Hai Phong Under the proposal, motorbikes
skepticism about its feasibility to reduce traffic congestion in major cities.
government
last
the
like
ing
crumbling
about
trac
main
would
the Vietnam Register, a state owned body transportation quality and safety . fee collecting stations. in charge of
checking
transport
invested in, they will still pay to drive their bikes and cars, he said. Vietnam, with 88 million and
system
is
still
poorly
of
Consultants in Science Technology and predicted would rush Management worsen cars if the trac (HASCON), and a situation to
the
HCMC
Association
of
Thang said at a January 3 press conference on personal vehicle fees would be used projects He trac related aimed that at that money from
VND1 million (US$23.7 47.5) per year, while cars would be asked to pay million yearly ($951 2,370). Meanwhile, cars, between VND20 VND50 with
population, has around 32 million registered number has increased by 10 percent over the past few years. motorbikes the
in
exception of public transportation to pay fees of between VND30,000 VND50,000 (US$1.4 2.4)
the
charge I
hours
before the
especially
entering local city centers in the country during rush hours 6 a.m. to 8 a.m. and 4 p.m. to 7 p.m. every weekday except for holidays. ,
bikes have for long been the most Vietnamese people. people If the will
motorcycles,
vehicles, because
the
entering users
proposal local
er
infrastructure
city
since the car prices here are usually two to three times higher than those in other countries. Those people will not leave their save a just li le amount
entering city centers during rush and a er the designated rush hours.
will
avoid
collected in countries like the UK, while those programs have yet to completely helped congestion and accidents, they have countries, he said. reduce them in eliminate trac
between
personal
consider
vehicles
the
those
of
VW
they
accommodation
other gang members at local hotels or restaurants to receive roughly made ATM and credit cards.
local
Techcombank, Sacombank and Asia Commercial Bank. commercial Earlier in December, banks some in
met a Singaporean national named Cheng one month earlier. gave him some ATM
a 39 year old resident of District 5, was made on December 30, 2011. At around 5:45 a.m. on that day , belonging to the
international
HCMC had reported to the police money missing from their ATM accounts.
bank
branches
and
using a fake passport. His real name 22 year old Malaysian national. ATM and credit cards,
Thach withdrew money from an ATM Commercial Bank on Binh Thoi Asia
asked him to withdraw money for 0.1 percent commission. Thach withdrew VND18 million Two days later, Thach continued work. He withdrew
and
was Loi Haw Shyan and he was a Police seized more than 40 fake used for making laptops, ATM
cardholders as well as PIN numbers via telephone. A er that, they used the
and
equipment provided to print the card cardholders and banks on the cards. like Thach to withdraw money . They then sought to hire people numbers, the names
Street in District 11. He was caught by the police when he walked out of the ATM booth. VND40
usually made between 4:30 and 6:30 a.m. at ATM booths in District 11. locations where the
printers
of
cards, ATM card reader devices and other equipment from hotel rooms men had stayed.
some
and apartments where the three The Malaysian men said they by a Malaysian in
roughly made ATM cards, which did not have the names and logos of
23
were made and kept a close watch on cameras in the ATM booths. They identied some
transactions
withdrew money from ATMs in Hanoi, using fake cards with the information HCMC. Police of cardholders in
Singaporean
brought fake ATM and credit cards provided leader to Vietnam late
frequent
gang
November 2011.
are
extending
VW
EXPAT LIFE
Fte Tet-foreigners focus on the good, the bad and the ugly
World CEOs to
The British Business Group in Vietnam is supporting a CEO world forum on sustainable 12. business in Hanoi on January The CEO Word Forum 2012
will focus mainly on two topics: global business solutions for business
national companies in ASEAN, economic nancial councils, high ranking ocials from Vietnam and leading
VW
EuroCham monthly
The European Chamber of
Hai Nam Building, 2Bis Cong Truong Quoc Te, from 6 to 8 p.m., serving drinks and canaps.
VW
Visiting temple, pagoda and other relics is a favorite custom of expat who stays in Vietnam during Tet
By LAN HUONG
T
and
et.
Among
Anthony
Gill,
General
Spa in Hue. As a courtesy, one doesnt want to decline a friends hospitality, matter, we all have to get up the next day for work. And therein lies the rub. Here is but as a practical
of
emotions
a little bit different look and feel during Tet, The Nam director of sales and marketing of especially Hai like in to Hoi An. decorate said Albert Lafuente,
community
season, loves to dole out the li xi (lucky money), and loves his first memory of a Tet in Vietnam when
the
Emotional control for leading a joyful and successful life will be the topic for a breakfast
upscale
is even more complicated as they struggle to meet the demands of and weeks in advance of staff who drift from work days
male, and a foreigner, the peer be relentless. Others feign liver problems as a hedge against the inevitable demands to drink. I frequently suffer a relapse of 1993, said Jim pressure to mot hai ba yo at Tet can
the
We
brieng held by the American Chamber of Commerce in Ho Chi Minh City on January 10. The event will discuss how
the Kids Club, which as you can Tet among our younger guests. family hotels Because traditions, Tet is so and rooted
holiday itself to the demands of guests caliber of service, no matter the holiday. expats, Some hoteliers, the like many Tet, who expect the same
the
add some luster to the spirit of the really dimmed for me, he said. revels up Lafuente, more on in the the other
personal ability combined with , the power of emotion, can help people lead more fullling lives. The brieng will be
steering for the likes of Bali and Thailand beckons. Others the of where a give the in to beach that the the
flee
country
at
Sullivan,
generally
watch
home,
their
during Tet. Vietnamese who fly in from abroad tend to put up with family, Metropole and the Caravelle. Gill. Despite the not the likes of the
similarities to the ones he grew Philippines: Christmas and New Year s. relatives. reserved I Spending in Exchanging one dishes time time celebrating most in the
holiday s
doldrums recreates
Vietnamese
rampant go pace of life as usual and here in its place are flowers, friends and license to indulge.
city.
character Gone
holiday
is
of
experience. The jasmine scented air. The glow of kumquats hung preternaturally vivid colors from their boughs like bulbs. The cherry blossoms. And the general bonhomie of people who really do try to scrub the grime of the of
marvelous
gloomy
sometimes and
Indulging
February are the high season for international in of our guests are quite well versed wonder traditions why all of the Tet. shops travelers.
for
typically of
gifts.
with
the event has not been revealed Held at the New World
year.
Some
Others
said
traditions
Saigon Hotel from 8 a.m. to 12 p.m., the event will cost VND750,000 (US$36) for
Lafuente,
are
VW
VW
10
ECONOMY - FINANCE
US$15 billion to US$16 billion of 2012, the government said in a targeting disbursed FDI of $11
statement last week. The country is billion this year. According to the
Ministry of Planning and Investment, disbursed FDI for the whole of 2011 was estimated at $11 billion, equal to 2010s figure.
Disbursement of official
2011, up from $2.94 billion in 2010, governments website. By the end of development assistance previously the total, had been disbursed.
from 2011, to $7 billion in 2012, Thoi Bao Kinh Te Vietnam newspaper Vietnam Leather and Footwear Association. reported, citing a forecast by the
Province, the T aichung, T aiwan-based maker of equipment including liquidthe stock exchange. crystal displays said in a statement to
PHOTO: NGOC THANG
A clothes shop offers discount of 50 percent in Hanoi. Vietnamese consumers like to purchase products on sale, a survey has found.
association said in a statement on its website Tuesday. The countrys 2011 exports exceed the record 6.75 million tons that were shipped in
2010 according to the association. Vietnam will export 6.85 million to 7.35 million tons of the grain in 2012, the Ministry of Agriculture and Rural Development estimated in a report posted on its website Tuesday.
inflation-weary shoppers
A
supermarket oering ll major retailers have been to encourage a ractive thousands of shoppers rushing in chain had tens of at the local Parkson at 6 p.m. on Tuesday and le hours later, carrying a big bag full of garments, shoes and toys. Everything is the mall three information when it, for the rst time, opened hours does. said earlier than it company, Vietnamese consumers like to purchase products on sale. said they were cu ing and measurement discounts the doors at midnight, nearly 10 normally Now is the best time to buy. available Up to 74 percent of respondents spending by buying products on sale. Vietnams ination rose their
purchases as they hoarded cash to meet customer withdrawals ahead of the Lunar New Year Holiday starting January 23. Many banks have halted bond purchases in anticipation of increased cash
recession wary shoppers to loosen their purse strings for the festive has been positive.
season, and the initial response The discount sales began prior
I came here to get discounts, Nguyen a Hai Ba Duc Trung Minh, 45,
Hanois buying
demand ahead of the Lunar New Trang, a fixed-income trader at Joint-Stock Bank.
around $100 at Pico. Earlier, he had gone to Big C and bought two sons, for around $45. Hanoi coats and a pair of jeans for his Vu Vinh Phu, chairman of the Association said: The
washing
machine
District, for
of
shocking prices, Lan said. She continued looking for deals on a new laptop at an electronics store. Nguyen Bich Thuy, owner of a
at
percent in 2011, according to the General Statistics Oce. An initial ination target of 7 percent for percent as prices soared.
18.58
clothes shop on Minh Khai Street, said: The country is experiencing an consumers want to do everything to cut spending. announced get deals Many shops in Hanoi of economic downturn, so
that falls in the last week of this Shoppers have been crowding in Hanoi such
2011 was raised subsequently to 18 General Statistics Oce says the nation posted an economic growth of 5.89 percent last year. a The discount sales
The
supermarkets
than 34 percent last year from 2010 while those posted by state utility Electricity of Vietnam rose 26.7 percent, Tuoi Tre newspaper
Media Mart, Pico, Big C, and many other stores to get discounts of up to 50 percent on everything from electronics products to toys. Around 1,000 shoppers ocked
as
Supermarkets,
reduction may be a good way to spur purchasing demand, which is recession. some The longer hours
price
of
discounts
20 50 of
have
are
have
to the Pico stores when it opened until midnight on December 31. Elsewhere, a large number of
at
facilitated goods.
consumers
buying
prices instead of waiting for an economic bigger incomes. recovery and earning
into their shops, Phu said. The amount of goods with discounts may be limited, and a er entering
shopping mall in Ho Chi Minh City to take advantage of deals on oer from December 30 to January 2. Customers were able to
with a bank in Hanoi, stood in line at purchases. Pico, waiting to pay for
the shops, customers may spend more on other products that are not on sale.
public utility, defense and security sectors. The government plans to cut the total to 692 by 2015, Thoi Bao Kinh Te Vietnam newspaper reported.
discounts of 30 50 percent on its products, and those who bought (US$71.4) and more in a day were given a VND100,000 coupon. Last November, the Big products worth VND1.5 million
get
its
to
their product prices before their promotion campaigns, so that they earn prots even a discounts, he said. Nielsen er oering big
for $250, and a camera for over $100. Binh said he was able to save 30 percent on his
around festival
purchases now and continued his looking season for electrical shopping
VW
spree,
global
appliances.
home
VW
ECONOMY - FINANCE
11
Who can take out loans to develop projects or buy properties at such rates? he asked. Another realtor who wished to remain
unnamed also said high borrowing costs are With interest rates staying so high, Id
the major challenge for the property market. rather quit and deposit my money in banks only ll the pockets of banks, he said. Housing to Le Chi Development their Hieu, chairman JSC, of said Thu
D
keep
these tough times property companies need solidify their nancial resources. review business strategies and
during
lending to the real estate sector, aiming to percent in 2012. This will have a negative impact on the property market, he said. credit growth between 15 and 17
monetary
expected
policy
and
continue restrict
each developer in terms of land and capital funds. Le Hoang Chau, chairman of the Ho Chi necessary for developers to work
in the rst months of the year. The decline is likely to ease later and prices may stabilize in unlikely he added. , the third quarter but increases are
Minh City Real Estate Association, also said its together to overcome diculties.
with prices below VND15 million ($710) per square recovery in 2012. meter is the hope for a
2012, it will be an opportunity for long term investors to buy cheap properties and earn prots one or two years later when the economy picks up, he said.
om in mid
ve emerging markets for investment in 2012 in the latest annual survey of the
opportunities to aord the home they want. estate The heating up of the market and real companies posting huge prots a
er
Washington based Association of Foreign it in the top ve for the rst time last year.
Investors in Real Estate. The country made This year, the survey respondents, who
down one spot. The other top markets are Brazil, China, Turkey and India. many of whom spent For real estate developers in Vietnam, most of
Dat Tac Vang, a Ho Chi Minh City based real estate company, said the market prospects still very high. are not good considering interest rates are While banks have announced plans to lower
few years ago had led to misconceptions about market demand, encouraging more companies to enter the market and inate media this week.
have more than US$874 billion worth of real estate holdings globally, rated Vietnam at number ve out of 25 emerging markets,
struggling with nancial problems, the year ahead is not looking promising. Hoang Anh Tuan, general director of Tac
2011
prices, according to the report, cited by local The ministry report also said a market
collapse is unlikely .
VW
investors owned stock worth VND34.7 trillion (US$1.65 billion), down 28 percent compared to 2010. Still, not all top stockholders were Pham Nhat Vuong, chairman of real estate
negatively impacted.
with the rst dollar billionaire as analysts news website VnExpress pointed out that
had predicted it would a year ago, the local Vuong actually owned some $1 billion when his company stock hit a record high of s VND137,000 in mid 2011.
increasing his assets. As of the end of 2011, VND16.7 trillion, or nearly $800 million. stock investor for the rst time, Vuong s One year a
his stockholdings were valued at more than er being named the richest
the real estate sector still dominated the top 100 richest stock market investors. Some 30 property moguls accounted for nearly 63 top 100, according to the news website. percent of the total stock assets within the Vietnam benchmark stock index was s
holdings augmented by nearly VND1 trillion, helping the chart topper widen the gap with other investors. His assets were in fact larger than the combined stockholdings of the ve investors ranked directly below him. Another property mogul, Doan Nguyen
Capital Securities Co. said it may fall another 6 percent before reaching a strategic buy point, Bloomberg reported. We should pay close a
followed Vuong on the list. By year end, Duc owned stock worth nearly VND4.35 trillion, a sharp decline from the previous year total s of VND11.36 trillion. Last month Standard & Poor Ratings Services lowered Hoang Anh s Gia Lai long term corporate credit rating s from B to B over concerns about its operating performance and liquidity .
330 level as we expect this to be a strong support, which could mark a strategic buy point and the low for 2012, Raphael Wilhelm, director of technical strategies Bloomberg as saying. at Viet Capital Securities, was quoted by
VW
12
ECONOMY - FINANCE
Despite a
Under t
to address key
shortcomings
By BAO VAN
A local commercial banks employee counts money next to piles of dong notes in Hanoi
PHOTO: AFP
opened up opportunities for the development foreign hospitals of nationwide private and
healthcare increasing
overstretched
auence
system
HANOI - Vietnam will have tight fiscal and monetary policies to fight inflation this year, while enhance the efficiency and the government said.
recent years, but their contribution to reducing the overload has been limited. Over 100 private and foreign
in
advancing a restructuring plan to competitiveness of the economy, The country will use a tight,
policymakers, Prakriti Sofat, a Singapore-based economist at Barclays Capital, said in an email. More is needed to structure by increasing strengthen the economic privatization of state-owned banking sector and more said.
measures in 2012, according to a governments website. It will also intensify monitoring of domestic the resolution. markets and prices, according to In February last year, Vietnam
Examination and Treatment under the ministry said the government , encourages investors to foreign to build and local the
Medical
enterprises, consolidation in the efficient state investment, she The Ministry of Planning and
contributing The
meeting
hospitals,
policymakers tried to slow the pace of price increases. The International Monetary Fund and the nation may undermine
complete in the first quarter a in which state capital will be projects, according to the resolution. BLOOMBERG
investment procedures, taxes, and land policies to develop private health establishments, Khue said. corporate income tax of just 10 percent instead of the 28 percent regulated earlier. Newly Hospitals in Vietnam now pay
from the tax for the rst four years, and enjoy a tax reduction of 50 Some projects to construct percent in the ve following years. expand hospitals can access low percent of its total investment. With these incentives,
and
Vietnam will harvest 21.25 million percent more than a year earlier, of 10 traders, growers and kilograms (132 pounds).
according to a Bloomberg survey exporters. Each bag weighs 60 Exports of rice from Vietnam,
private hospitals have been built or expanded over the past few years. The An Thinh Obstetric
A woman walks past the FV Hospital in Ho Chi Minh Citys District 7. destination for investors in the
PHOTO: TUAN ANH
million metric tons this year, the Development forecast in the report. The ministry said
shipper of the crop, will be 6.85 2012, according to Tuesdays report. The ministry said
recently bought a controlling stake in Hoan My Medical Corp, the Vietnamese backed by Deutsche hospital Bank operator
2011 may reach 1.22 million tons, compared to 2010. The ministry the 2012 estimate.
foreign
ship 7.19 million tons in the whole percent compared to a year Rubber shipments by the
raising the promise of increasing foreign Vietnams healthcare sector. also plans to expand investment inow into
AG,
Vietnam
invested is
demand among local people for high quality healthcare service, to y abroad for Ban said. Many people still have treatment. spend each medical
largely
hospitals due to
high
in
Grant Thornton Vietnam, an audit and provider, business shows advisory that the
service
healthcare
sector is the third most a real estate and education. Struggle to survive According to
and
pharmaceutical
consumption to 10 percent of
ractive
er
Vietnams output from 5 percent 2011-2012 crop year that began October 1, Luong Van Tu, chairman of the Vietnam Coffee
tripling its current capacity. As of now, the hospital has 68 sick beds, said the hospitals deputy general director Vo Van Ban. development The potential of for the
this year, the ministry said. That estimated on December 27 for 2011. BLOOMBERG
insiders, Vietnam, in the long term, is a good destination for investors in the healthcare sector. However, many private hospitals are now
some
industry
private
and
ECONOMY - FINANCE
13
he weather
Vietnam now has beds per 10,000 people, much lower than average of
21 hospital 33
overseas tourists in 2011, a 19.1 percent increase from 2010, according to the General
VND154 trillion, making it the according to the central bank. The merger, the first since
fifth largest lender in Vietnam, Its license is valid for 99 years. the central bank announced
Ministry,
hospitals now are small, mainly oering outpatient treatment to people with common
most
of
the
private
Each of them has 30 50 beds on average. Their combined capacity total number of beds available accounts for just 3 percent of the nationwide, and their sta make up just 0.2 percent of the health sector s employees. Ban of the Hanoi
diseases.
when expanding the hospital, it is not easy for us to employ highly qualied sta who are good both language demand doctors, skills. And we have
the banking reform plan, was backed by state owned Bank for Investment and Development of Vietnam. It went more smoothly than calm and did not rush to withdraw their money. expected as depositors stayed
many lenders are looking for The number of banks can be cut by one third, he said. According to the Dau Tu
Hospital said: To compete well in the market, not only hospitals, but good brand name. However, also all businesses have to have a newly established hospitals cannot do this immediately . It takes hospitals years to build a
French
but
also
nurses
and
report, many industry insiders said banks with large bad debts are likely to be merged with or taken over by others. Louis Taylor, general
could go through even without the support of state lenders. The newspaper cited the central bank governor as
overload at state owned hospitals, the government is seeking other ways to deal with the problem. The state run Saint
director of Standard Chartered Bank Vietnam, told the newspaper that while the number of banks will be reduced through the
saying the private sector will be encouraged to join the restructuring process.
access to large capital, he said. In the current context of high interest rates, bankruptcy if they depended on hospitals would face
Hospital in Hanoi has 550 beds, but receives some 1,500 2,000
Paul
patients for medical examination and treatment each day. In many other hospitals, the situation of a bed is quite common. The Ministry of
Supervisory Committee, said the restructuring of the banking system does not have encouraged to seek M&A
bank loans. No business can bring enough prot to pay the current interest rates. Investment Thu of in many private
to be costly as banks are being opportunities by themselves. banks have set aside risk Ngoan also said that all
hospitals in general is still limited. hospital million has in An invested Thinh said just his $2
Vietnam now has 21 hospital beds per per than average of 33 hospital beds Pacic region. reported Local 10,000 people for the Asia 10,000 people, much lower
restructure the banking system Van Binh said the central bank will complete reviewing, classifying and reorganizing 2012.
reserves equal to more than 60 percent of their bad debts. However, economist Hieu
equipment. The construction of a hospital with modern equipment and investment. good sta But requires spending a large
machines
and
media on at
frequently hospitals,
all banks by the end of March There are eight small lenders
said 2012 could be the year when the banking system exposes many risks and
on
overloading
constant
still low, and recouping investment is a slow process, so investors dare not pour large sums of money into such projects. Experts say it takes between ve
where each doctor has to examine some 100 patients a day and does not have enough time to conduct thorough patients. examinations or oer
that are weak, accounting for 5 in November, adding that the most dicult task of the restructuring will be dealing with those weak banks. The governor also said the goal of 15 strong banks that can
debts and liquidity problems. Economics said in a report last to restructure some of the countrys banks a
and ten years for private hospitals to recoup their capital. struggling to get patients. Some of them bankruptcy they said, declining to , name the troubled hospitals. hospitals Explaining nd it why hard to private a are even on the verge of However, the biggest diculty
Kim Tien has said the countrys population has doubled since 1975,
banking reforms is to have 10 to support the whole system. there were 42 banks in
has contributed to a rise in bad ratio could easily surpass 15 percent, causing major sector, it said. problems for the banking
Most of them have to hire retired working in state owned hospitals to work part time for them. Hospitals seeking to build a still
Vietnam, including five state owned commercial lenders. Three small banks in Ho Chi
customers, while state owned ones are overcrowded, Pham Vu Thu, Obstetric private Hospital, said: managing director of the An Thinh hospitals have limited Some
ract
parks and golf courses is large, The ministry would map out a state owned hospitals, she
Minh City with liquidity issues have recently merged, forming the Saigon Joint Stock Commercial Bank. The new lender, also known as SCB, came into operation January 2. of VND10.58 trillion (US$503 SCB has a registered capital
Economic Forum said Vietnam has a relatively sizeable and countrys banking system efficient banking system. The provides a solid foundation
name for themselves would not be keen on hiring newly graduated medical students. Thu of An Thinh said
treatment quality and have not yet , built up a good reputation. According to the
his
said, adding that they would try to increase state budget investment in building and expanding new hospitals.
Health
VW
VW
14
MARKETS
Jan. 3, 2012
350 (-1.55)
Stock Last Change
Jan. 4, 2012
348.84 (-1.16)
Stock Last Change
Jan. 5, 2012
340.94 (-7.90)
Stock Last Change
Jan.3, 2012
56.79 (-1.95)
Stock Last Change
Jan. 4, 2012
56.43 (-0.36)
Stock Last Change
Jan. 5, 2012
55.89 (-0.54)
Stock Last Change
TOP 50
VKP VSG NVT TRI ATA HLA IJC PXT VIP VPH DPR DHA LCM TRA BMC AGD IMP PXI VRC DIC EVE DQC THG KSH KTB LM8 PXM SBC TPC SJS TDH STG CSG MHC SHI VFC LGC NSC JVC HQC NVN TLH LBM PXS PVD HAX ICF PTB CLC ELC 0.90 12.50% 1.70 1.90 1.90 6.30 4.20 8.40 4.20 4.20 4.20 46.30 8.50 36.10 36.10 25.70 27.90 38.70 4.30 8.70 6.60 17.70 11.10 8.90 6.70 17.90 9.00 4.50 13.60 6.80 22.80 11.40 16.00 6.90 2.30 4.60 6.90 25.40 42.10 16.40 4.70 9.40 4.70 7.10 7.10 33.20 4.80 4.80 12.00 12.10 31.50 6.25% 5.56% 5.56% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 4.99% 4.94% 4.94% 4.94% 4.90% 4.89% 4.88% 4.88% 4.82% 4.76% 4.73% 4.72% 4.71% 4.69% 4.68% 4.65% 4.65% 4.62% 4.62% 4.59% 4.59% 4.58% 4.55% 4.55% 4.55% 4.55% 4.53% 4.47% 4.46% 4.44% 4.44% 4.44% 4.41% 4.41% 4.40% 4.35% 4.35% 4.35% 4.31% 4.30% VES NVT TRI KSA SCD SFI TBC TRA ABT KBC SC5 IMP BGM CCL COM OPC SJS MPC BSI VPH BMC PXI RDP BVH ITA DIC KSS CCI PXM SBC TPC MHC SHI JVC AVF HQC IFS C21 DDM HAX NAV MKP TNT SGT VNS QCG TYA TCM L10 BTP 1.50 2.00 2.00 4.20 12.60 12.60 10.50 37.90 35.90 10.60 8.50 40.60 4.30 10.80 28.10 28.10 23.90 15.30 6.60 4.40 26.90 4.50 9.00 42.90 6.80 6.90 6.90 9.40 4.70 14.20 7.10 2.40 4.80 17.10 9.80 4.90 4.90 17.30 2.50 5.00 7.60 51.00 5.30 8.00 22.00 13.90 2.80 8.70 5.90 3.00 7.14% 5.26% 5.26% 5.00% 5.00% 5.00% 5.00% 4.99% 4.97% 4.95% 4.94% 4.91% 4.88% 4.85% 4.85% 4.85% 4.82% 4.79% 4.76% 4.76% 4.67% 4.65% 4.65% 4.63% 4.62% 4.55% 4.55% 4.44% 4.44% 4.41% 4.41% 4.35% 4.35% 4.27% 4.26% 4.26% 4.26% 4.22% 4.17% 4.17% 4.11% 4.08% 3.92% 3.90% 3.77% 3.73% 3.70% 3.57% 3.51% 3.45% CAD TRI SPM VLF VPK TRA BMI CTG SC5 PHR IMP JVC MPC BBC THG SAV PTB C47 HTI POM PXM SBC SJS MHC AVF SCD HVX KDH VSC TLG TYA C21 HT1 MTG IDI STB SRF COM CCI PVT AGD TMT VFC LBM STT TPC ASP REE TDW PTC 1.70 2.10 49.80 13.20 6.60 39.70 8.90 17.80 8.90 26.80 42.50 17.90 16.00 11.60 9.30 21.00 11.90 9.60 7.20 9.80 4.90 14.80 24.90 2.50 10.20 13.10 2.70 20.10 26.00 14.50 2.90 17.90 3.00 3.10 6.40 16.00 19.30 29.00 9.70 3.30 28.00 7.00 7.00 7.10 3.60 7.30 3.70 11.60 7.80 4.00 6.25% 5.00% 4.84% 4.76% 4.76% 4.75% 4.71% 4.71% 4.71% 4.69% 4.68% 4.68% 4.58% 4.50% 4.49% 4.48% 4.39% 4.35% 4.35% 4.26% 4.26% 4.23% 4.18% 4.17% 4.08% 3.97% 3.85% 3.61% 3.59% 3.57% 3.57% 3.47% 3.45% 3.33% 3.23% 3.23% 3.21% 3.20% 3.19% 3.13% 2.94% 2.94% 2.94% 2.90% 2.86% 2.82% 2.78% 2.65% 2.63% 2.56% VES MPC SVC TRA FDC LGL CNT DMC VPK VNG KDH JVC CSG ITD DDM IFS SHI ALP DAG NSC PAC TV1 SRF VRC TYA DRH TTF SPM L10 CCI PVT PXS STT TLG TPC PTL SVT CLW SMA CIG AGR BHS CMV EVE LAF ABT BIC LSS DHC AGD 1.50 16.80 19.30 41.60 24.40 6.70 9.00 22.70 6.90 9.20 21.00 16.60 7.20 7.30 2.50 5.10 5.10 7.80 5.30 40.40 16.20 5.40 19.00 8.80 3.00 3.00 6.00 51.50 6.10 10.00 3.40 7.30 3.70 14.90 7.50 3.90 7.80 8.00 4.00 4.20 4.40 17.80 23.00 18.40 14.50 36.70 6.30 18.90 6.90 28.40 7.14% 5.00% 4.89% 4.79% 4.72% 4.69% 4.65% 4.61% 4.55% 4.55% 4.48% 4.40% 4.35% 4.29% 4.17% 4.08% 4.08% 4.00% 3.92% 3.86% 3.85% 3.85% 3.83% 3.53% 3.45% 3.45% 3.45% 3.41% 3.39% 3.09% 3.03% 2.82% 2.78% 2.76% 2.74% 2.63% 2.63% 2.56% 2.56% 2.44% 2.33% 2.30% 2.22% 2.22% 2.11% 1.94% 1.61% 1.61% 1.47% 1.43%
TOP 50
VCS TAG SJ1 BCC PSI PTM SDD KST DID KTS VDL LHC VC3 HPC PDC SHS SRB HPR PVE BBS HUT PIV VNT CCM CTC ONE VMC INC L61 SDS SNG L62 PFL PVV VC2 PLC SSM VC5 INN LCS DLR LBE LTC DCS HOM SD2 MAC MNC PHC S64 10.70 32.20 26.00 3.10 3.10 9.30 3.10 7.80 4.70 40.70 22.10 19.00 20.60 3.20 2.90 3.20 3.20 17.70 9.70 6.50 6.50 9.90 11.60 5.00 8.80 5.00 15.00 3.40 6.80 5.10 10.40 12.20 3.50 3.50 14.10 14.20 5.30 5.30 14.30 12.60 14.40 7.20 5.50 3.70 3.70 5.60 3.80 3.80 5.60 5.70 7.00% 6.98% 6.91% 6.90% 6.90% 6.90% 6.90% 6.85% 6.82% 6.82% 6.76% 6.74% 6.74% 6.67% 6.67% 6.67% 6.67% 6.63% 6.59% 6.56% 6.56% 6.45% 6.42% 6.38% 6.38% 6.38% 6.38% 6.25% 6.25% 6.25% 6.12% 6.09% 6.06% 6.06% 6.06% 6.02% 6.00% 6.00% 5.93% 5.93% 5.88% 5.88% 5.77% 5.71% 5.71% 5.66% 5.56% 5.56% 5.56% 5.56% ORS DNC MCL VNT KTS ALT SDU MIC VC3 D11 L44 SNG CAN CTB SCJ HPB VCS SAP DC2 PGT SHC LCS CT6 NAG SDE PVE BST CKV ONE LIG INC SDS PPP CPC PVV DC4 DCS SHN VE9 SKS APP TBX VGS SD6 APS S91 SVS V11 SDP TKC 1.40 6.20 3.10 12.40 43.50 12.50 4.70 10.80 22.00 12.60 6.30 11.10 25.60 22.40 8.00 9.70 11.40 4.90 6.60 3.30 3.30 13.30 8.50 3.40 4.60 10.30 5.20 5.20 5.30 8.90 3.60 5.40 7.30 11.10 3.70 5.80 3.90 3.90 7.90 6.00 12.20 12.20 4.10 6.10 2.10 4.20 2.10 2.10 4.30 4.30 7.14% 6.90% 6.90% 6.90% 6.88% 6.84% 6.82% 6.80% 6.80% 6.78% 6.78% 6.73% 6.67% 6.67% 6.67% 6.59% 6.54% 6.52% 6.45% 6.45% 6.45% 6.40% 6.25% 6.25% 6.25% 6.19% 6.12% 6.00% 6.00% 5.95% 5.88% 5.88% 5.80% 5.71% 5.71% 5.45% 5.41% 5.41% 5.41% 5.26% 5.17% 5.17% 5.13% 5.08% 5.00% 5.00% 5.00% 5.00% 4.88% 4.88% BHC RCL KST S55 DAE MCL STC VNT D11 BTH PIV SJ1 ONE TET HCT INC DHI PCT PTM VCC DPC VE9 PVE S91 TKC CMS LBE TAS KTS VCH SDB THV VE1 FLC CKV DZM AME TV2 VTV SD7 VNF VC7 DNM S74 PVL SD3 TMC OCH DC2 TNG 4.60 13.90 8.00 14.50 8.10 3.30 6.60 13.20 13.40 10.10 10.50 26.30 5.40 26.70 13.30 3.80 4.00 2.00 10.00 6.00 10.20 8.30 10.90 4.40 4.50 10.80 7.50 2.50 45.00 2.60 2.70 2.70 2.70 21.70 5.50 8.30 2.80 8.40 5.70 8.30 20.70 5.90 12.20 6.00 3.10 3.10 9.30 10.00 6.80 6.80 6.98% 6.92% 6.67% 6.62% 6.58% 6.45% 6.45% 6.45% 6.35% 6.32% 6.06% 5.69% 5.66% 5.60% 5.56% 5.56% 5.26% 5.26% 5.26% 5.26% 5.15% 5.13% 4.85% 4.76% 4.65% 4.63% 4.17% 4.17% 4.14% 4.00% 3.85% 3.85% 3.85% 3.79% 3.77% 3.75% 3.70% 3.70% 3.64% 3.61% 3.47% 3.45% 3.39% 3.39% 3.33% 3.33% 3.33% 3.09% 3.03% 2.99% SJE PHS ONE TJC RHC S91 VC2 TSB SDE PPG HCC DZM NET D11 S27 LO5 SJC SDS VNT VC6 DPC VE9 FDT SDP FLC TNG BVG API TTC HDA MAX VE1 AME NHA VKC PFL L18 QHD NST PGT THB L61 HTP INN UNI MNC DNM GLT DXP SDU 6.20 10.71% 3.30 10.00% 5.80 3.10 12.40 4.70 14.40 8.00 5.10 3.40 7.00 8.80 30.00 14.20 3.70 3.70 9.40 5.70 13.90 8.30 10.70 8.70 22.00 4.40 22.70 7.10 2.60 2.60 2.70 5.40 5.50 2.80 2.90 2.90 2.90 2.90 9.00 9.30 9.90 3.40 10.20 7.00 3.60 14.40 3.80 3.90 12.50 12.50 23.40 4.80 7.41% 6.90% 6.90% 6.82% 6.67% 6.67% 6.25% 6.25% 6.06% 6.02% 6.01% 5.97% 5.71% 5.71% 5.62% 5.56% 5.30% 5.06% 4.90% 4.82% 4.76% 4.76% 4.61% 4.41% 4.00% 4.00% 3.85% 3.85% 3.77% 3.70% 3.57% 3.57% 3.57% 3.57% 3.45% 3.33% 3.13% 3.03% 3.03% 2.94% 2.86% 2.86% 2.70% 2.63% 2.46% 2.46% 2.18% 2.13%
(Source: Bloomberg)
(Source: Bloomberg)
million
BOTTOM 50
BAS QCG VHG KSB MKP BIC SSC ABT PHR ITD VHC CCL C21 LHG 1.10 13.40 3.90 37.10 49.00 6.00 28.00 34.20 26.20 8.10 28.40 10.30 16.60 14.70 -8.33% -4.96% -4.88% -4.87% -4.85% -4.76% -4.76% -4.74% -4.73% -4.71% -4.70% -4.63% -4.60% -4.55% -4.38% -4.35% -4.35% -4.26% -4.17% -4.17% -4.11% -4.00% -3.92% -3.57% -3.33% -3.33% -3.23% -3.13% -2.90% -2.86% -2.81% -2.78% -2.78% -2.78% -2.70% -2.67% -2.56% -2.56% -2.50% -2.44% -2.41% -2.27% -2.23% -2.17% -2.15% -2.01% -1.96% -1.94% -1.74% -1.49% VKP CAD HAI OGC PTB PTL ITD SFC VOS DVP KSB TMS ELC HLG LCM AGF GDT HU3 VCB NHW VSC VLF VSI BMI CIG HSI LSS PDN BRC ICF TLG SRF PPI CTG NSC FDG D2D CLW MDG HOT PVD TCL TTP VHC DRH GIL SBS C47 VPK CTD 0.80 -11.11% 1.60 22.80 7.60 11.40 3.80 7.70 25.30 3.90 35.30 35.30 25.70 30.00 10.00 34.40 20.40 16.40 10.30 20.80 12.50 25.10 12.60 4.20 8.50 4.30 8.60 19.40 28.10 6.70 4.60 14.00 18.70 4.70 17.00 40.50 12.70 15.30 7.80 5.20 18.50 32.00 16.00 27.00 27.40 2.90 30.00 3.00 9.20 6.30 29.10 -5.88% -5.00% -5.00% -5.00% -5.00% -4.94% -4.89% -4.88% -4.85% -4.85% -4.81% -4.76% -4.76% -4.71% -4.67% -4.65% -4.63% -4.59% -4.58% -4.56% -4.55% -4.55% -4.49% -4.44% -4.44% -4.43% -4.42% -4.29% -4.17% -4.11% -4.10% -4.08% -3.95% -3.80% -3.79% -3.77% -3.70% -3.70% -3.65% -3.61% -3.61% -3.57% -3.52% -3.33% -3.23% -3.23% -3.16% -3.08% -3.00% VES CMG HLG SVT VNI VST DPR CTI FDC CLC GDT KSB BT6 HLA LHG TBC VSI PVD CIG TCM BRC LGL AGR PXI KSH NKG DIC ICF MCG VNG QCG BCE PDR LSS PVF DDM NSC MDG RIC UIC IJC LCG VNL MCV AGF BTP ELC SBS VNE CLG 1.40 5.70 9.50 7.60 3.80 3.80 44.00 21.10 23.30 11.70 15.60 33.60 6.00 4.00 14.00 10.00 4.00 30.50 4.10 8.30 6.40 6.40 4.30 4.30 6.50 13.10 6.60 4.40 6.60 8.80 13.30 6.70 18.00 18.60 7.10 2.40 38.90 5.00 5.10 7.80 8.20 8.30 11.10 2.80 19.70 2.90 29.00 2.90 2.90 11.90 -6.67% -5.00% -5.00% -5.00% -5.00% -5.00% -4.97% -4.95% -4.90% -4.88% -4.88% -4.82% -4.76% -4.76% -4.76% -4.76% -4.76% -4.69% -4.65% -4.60% -4.48% -4.48% -4.44% -4.44% -4.41% -4.38% -4.35% -4.35% -4.35% -4.35% -4.32% -4.29% -4.26% -4.12% -4.05% -4.00% -3.95% -3.85% -3.77% -3.70% -3.53% -3.49% -3.48% -3.45% -3.43% -3.33% -3.33% -3.33% -3.33% -3.25% CAD VFG PDR LHG KTB HU3 TRI VIP NTL SFC CTI TMS TSC BRC BVH RAL BMP KSH VLF VIC ICF MCG KSS ACC VPH ITA FBT TMT HAG PPI ITC HQC VHC MDG GMC NAV HAX GTT RIC HVX TCR PJT VNM LCG TCM MCV TS4 HDC VNE HT1 1.60 38.00 17.10 13.30 17.20 9.80 2.00 4.00 12.00 24.10 20.10 24.40 12.20 6.10 40.80 20.50 33.00 6.20 12.60 94.50 4.20 6.30 6.40 17.10 4.30 6.50 4.40 6.70 18.20 4.60 6.90 4.70 25.90 4.80 14.50 7.30 4.90 4.90 4.90 2.60 5.20 5.30 79.50 8.00 8.00 2.70 8.20 16.40 2.80 2.90 -5.88% -5.00% -5.00% -5.00% -4.97% -4.85% -4.76% -4.76% -4.76% -4.74% -4.74% -4.69% -4.69% -4.69% -4.67% -4.65% -4.62% -4.62% -4.55% -4.55% -4.55% -4.55% -4.48% -4.47% -4.44% -4.41% -4.35% -4.29% -4.21% -4.17% -4.17% -4.08% -4.07% -4.00% -3.97% -3.95% -3.92% -3.92% -3.92% -3.70% -3.70% -3.64% -3.64% -3.61% -3.61% -3.57% -3.53% -3.53% -3.45% -3.33%
BOTTOM 50
SDT XMC ORS BHV VIX VBC VNR HDA DIH SME SAP DC2 KHB HGM NAG APP MEC S12 SD4 VIG TST CMI VE2 DPC SSS DNM GLT S91 V11 VCV ADC SD8 VCH VTC ECI HPS S55 SKS TBX WSS VDS PSC VE9 NBP TCS ALV PV2 VCC B82 DAD 9.40 8.30 1.40 8.50 4.30 14.70 10.30 5.90 8.90 1.50 4.80 6.20 6.20 87.00 3.20 11.50 5.00 5.00 3.60 1.80 5.40 3.90 3.80 9.50 3.90 11.60 11.70 4.00 2.00 2.00 6.10 2.30 2.40 2.50 5.30 5.20 13.50 5.50 11.60 2.90 3.50 10.60 7.70 15.00 8.10 4.10 4.90 5.80 12.00 6.50 -6.93% -6.74% -6.67% -6.59% -6.52% -6.37% -6.36% -6.35% -6.32% -6.25% -6.12% -6.06% -6.06% -5.95% -5.88% -5.69% -5.66% -5.66% -5.26% -5.26% -5.17% -5.00% -5.00% -4.90% -4.88% -4.84% -4.80% -4.76% -4.76% -4.76% -4.69% -4.17% -4.00% -3.85% -3.70% -3.70% -3.57% -3.39% -3.33% -3.23% -2.78% -2.75% -2.63% -2.60% -2.38% -2.27% -1.96% -1.69% -1.56% -1.52% CTC GFC VIX VAT HDA DIH NTP NVC C92 PVS SJ1 KHB B82 IVS PDC DAD VXB NGC SCL SD4 MIM PGS VC9 POT VC1 BDB DHI PCT L35 TLC STC QCC KST NLC DXP PPS TST TXM NDN NBP GBS BCC TIG VDL EID HCC NBC DST PTS BTS 9.30 9.30 4.00 4.10 5.50 8.30 30.50 2.80 8.50 14.20 24.60 5.80 11.80 4.50 3.00 6.20 7.90 6.40 4.90 3.40 7.00 17.70 5.40 7.40 11.10 3.80 3.80 2.00 3.90 2.00 6.10 2.30 7.50 12.50 23.10 10.10 5.30 2.70 8.30 14.50 15.10 3.00 3.00 20.60 6.20 6.70 13.00 3.30 6.60 3.30 -7.00% -7.00% -6.98% -6.82% -6.78% -6.74% -6.73% -6.67% -6.59% -6.58% -6.46% -6.45% -6.35% -6.25% -6.25% -6.15% -5.95% -5.88% -5.77% -5.56% -5.41% -5.29% -5.26% -5.13% -5.13% -5.00% -5.00% -5.00% -4.88% -4.76% -4.62% -4.17% -3.85% -3.85% -3.75% -3.70% -3.64% -3.57% -3.37% -3.33% -3.27% -3.23% -3.23% -3.17% -3.08% -2.99% -2.99% -2.94% -2.94% -2.86% CMC KHB PPP B82 CTB IVS ORS PDC APP CTC EBS GFC WSS PVS SHS TMX SCL HPC INN DIH C92 SD4 SDE CAN PPS VDS TLT PVC CID VDL PFL VC9 CTN HOM LO5 SDT HHG PVA HPB HST SKS VIX CSC THB ADC SVS V11 KTT MIC SD1 9.30 5.40 6.80 11.00 20.90 4.20 1.40 2.80 11.40 8.70 5.80 8.70 2.90 13.30 3.00 10.60 4.60 3.10 14.00 7.80 8.00 3.20 4.80 25.60 9.70 3.30 5.00 11.70 6.70 20.10 3.40 5.10 3.70 3.50 3.50 8.80 3.60 5.40 9.20 3.80 5.60 3.80 9.70 9.90 6.00 2.00 2.20 2.10 10.30 4.10 -7.00% -6.90% -6.85% -6.78% -6.70% -6.67% -6.67% -6.67% -6.56% -6.45% -6.45% -6.45% -6.45% -6.34% -6.25% -6.19% -6.12% -6.06% -6.04% -6.02% -5.88% -5.88% -5.88% -5.86% -5.77% -5.71% -5.66% -5.65% -5.63% -5.61% -5.56% -5.56% -5.41% -5.41% -5.41% -5.32% -5.26% -5.26% -5.15% -5.00% -5.00% -5.00% -4.81% -4.81% -4.76% -4.76% -4.76% -4.55% -4.55% -4.55% DNC V11 HHL VHL SHN ORS OCH DTC CTC VBC DHT TKC SDD NTP BHC SCL PVL VC1 B82 VXB KST CVT C92 SD4 HNM SAP CTM PTM S12 DC2 VIT VND GFC SJ1 SDT S96 PVA KHB PHC HST VIX APP BDB PPS CTA SSS DIH NVB VCV DHI 5.90 2.00 2.10 28.20 3.80 1.30 9.30 24.00 8.10 13.70 33.30 4.20 2.80 28.50 4.30 4.30 2.90 10.30 10.30 7.40 7.50 7.50 7.50 3.00 4.60 4.60 3.10 9.40 4.70 6.40 4.80 6.40 8.20 24.80 8.30 5.10 5.10 5.10 5.40 3.60 3.60 10.80 3.60 9.20 3.70 3.70 7.40 7.50 1.90 3.80 -9.23% -9.09% -8.70% -7.54% -7.32% -7.14% -7.00% -6.98% -6.90% -6.80% -6.72% -6.67% -6.67% -6.56% -6.52% -6.52% -6.45% -6.36% -6.36% -6.33% -6.25% -6.25% -6.25% -6.25% -6.12% -6.12% -6.06% -6.00% -6.00% -5.88% -5.88% -5.88% -5.75%
(Source: Bloomberg, Ho Chi Minh, Hanoi Stock Exchanges). Prices in VND1,000
(Source: SJC)
NHW 13.10 FDG VSI CCI POM VNG BRC DDM PDN TYA BTP MTG DRH SBS OPC DHC VNM DXV KAC TTP ACC TLG SBA SMC SRF VST SC5 RDP SVC CNG VCF MPC BMP KBC ST8 KSS 13.20 4.40 9.00 9.20 9.20 7.00 2.40 29.40 2.70 2.90 2.90 3.00 3.10 26.80 6.80 86.50 3.50 14.00 28.00 18.00 14.60 3.80 7.60 19.50 4.00 8.10 8.60 17.50 22.50 91.00 14.60 35.00 10.10 11.30 6.60
(Source: Bloomberg)
Index
Last on January 4
Net change
Price/Earnings
-5.70% -5.68% -5.56% -5.56% -5.56% -5.26% -5.26% -5.26% -5.26% -5.26% -5.15% -5.13% -5.13% -5.13% -5.06% -5.00% -5.00%
12.82
11.84
10.78
FTSE 100
-31.46
12.25
10.84 8.83
(Source: Bloomberg)
Transfer
Selling
43,300,000
Buying
272.34
275.09
279.33
43,600,000
Selling
Nha Trang
One tael equals 1.21 ounces
(Source: Vietcombank)
Q & A
15
needs
strong
Development
difficult year ahead for Vietnam. However, it can achieve its goal of this year, ADB country director in Vietweek. reducing inflation to single digits Vietnam, Tomoyuki Kimura, tells
transparency
The
political first
step
will
is
and
and
to
information disclosure and hold their managements time the performance. a accountable At the
improve
same
should
the
framework business
develop to
government
address
various
policy
commitment to restructuring the economy with a focus on public investment, and (SOEs)? state owned financial
financial
enterprises
markets,
affect
2012. Where do you see it going? economy Considering has not shown
Minister Nguyen Tan Dung at the Consultative Group meeting in where early December, reaffirmed the he
world clear
2012 will be a difficult year for debt problems in the eurozone the specter of a deep
Vietnam. The growing sovereign and an anemic US economy raise economic downturn, which will economies, including Vietnam. global
have impacts on emerging Asian The impact could be clearly seen on Vietnams exports to eurozone economies and the US. Vietnams from the The ADB economic has lowered growth it had
restructuring investment.
financial sector, SOEs, and public development partners, Like other ADB
the
hopes to see concrete action in implementing the reform agenda. The root causes of economic
forecast for 2012 to 6.3 percent forecast last September. The government 6.5 percent
instability can only be addressed by deepening the financial sector, imposing state owned investment. market enterprises, discipline on
reducing inflation to 9 11 percent, and keep economic growth at 6.5 percent in 2012. To us, year on
PHOTO: BLOOMBERG
targets
and
year inflation over 20 percent is too government high. It is is prioritizing right the
Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnams economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September.
sufficiently
assess
the
cost
of
State
sector, the biggest challenges are the and tightened credit conditions, monetary policy and
which is really a challenge for the ratio (CAR) has been raised, but remains smaller banks, but also the larger ones, given the rising NPLs and sheets, including from exposure to loss making SOEs and the real estate sector. The CAR remains low by regional standards. How to and undertake more specifically the restructuring risk profile on some bank balance issue for
transform into a modern central bank looking based on which approach adopts and a forward market
Bank
of
Vietnam
to
term. Headline inflation fell from 23 percent to 7 percent in 2009, so it is possible to reach single digit inflation in 2012. The main risk to these
capacity building are challenges for the entire financial sector. addressing For the banking the due sector, the of
policy and conducts supervision compliance based approach. substantial individual These reforms improvement also a risk based instead of
principles
in
monetary
structural fight
risks.
Tightened
vulnerabilities growth in
structural to
created a credit crunch for banks and enterprises. The structural risk I mentioned growth, which has
require in to
growth, and high external food In Vietnam, inflation remains inadequate. The
at banks and weaknesses in the regulatory More and supervisory since loan
banks
capacity
deteriorated the quality of banks adequacy continues to be an issue for many banks. a long term Financial sector restructuring is comprehensive and complex portfolios, while capital
and acquisitions of banks while ensuring creating stakeholders any deposits rights and is
mergers other
the of
some small banks, it is really a big challenge for the larger banks to management governance ensure and efficient risk
gradually reduce interest rates as inflation helping to safeguard dong assets Monetary been and fiscal policies helping trends down, thereby
should
State
classifications are based on the Vietnamese accounting system which the is less strict than of the
requiring financial
task,
costly reform of all aspects of the banking sector, capital markets, and other non banking financial institutions. In undertaking these sector, including the
and
international accounting system performing how precise magnitude loans is (NPLs) non and
challenge since restructuring the banking affecting different stakeholders, especially depositors As the who wide are range of sector is complex,
unrest
without also
after
consolidating
corporate
stabilize the exchange rate and transparency and communication would fiscal coordination. deficit enhance For example,
much
starting
easily
SOEs. What are the major issues in restructuring the SOEs? to manage resistance with I think the biggest challenge is groups
banking
and
resources
sector the
capacity
various
interests.
Restructuring
vested SOEs
from
reported
should
the
16
ARTS - CULTURE
ARTS - CULTURE
17
distributors
operations and decide the fate of small theaters all over the country, industry insiders say. between heavily Theres movie a conict of
cinema
distributors by
Major legal flaw allows a few film distributors in Vietnam small cinemas to dominate market, hurting
movie producers, distributors and cinema operators, the Vietnamese law requires movie distributors to own grounds and that run cinemas, it would on the
help
silver screen
December 30, the organizers sent them to a party at the Ho Chi Minh City . Cobe Restaurant in District 3, They forced us to meet
Thus, Vietnams biggest movie and Galaxy Korea owned Ngan, of private
unknown men, one by one, saying: Nice to meet you. said. Please drink with me, Hoa Some of the contestants had
having several cineplexs across the their own screening facilities. This is happening
rm
Thien
each
Vietnamese art scene these days. region photo festival, held in the raised several questions when In September, the Southeast
fainted during the party due to fatigue from previous training sessions a
southern province of Binh Duong, first prize for photography went to Tran Tuy for his submission, Khuc dong ca (a childrens song), which was eerily reminiscent of Duy Anhs Tiep buoc cha ong (Follow in the ancestor s footsteps).
PHOTOS: TRAN TUY AND DUY ANH
they were not allowed to rest. ways to revive them so they continue serving wine, Hoa said. She also said that some
er which
grown five fold in the past four years, from some US$5.8 million in 2008 to $35 million in 2011, the year when nine out of ten top all
had
acquaintances who said that they had paid US$200 to a end the party .
Duy Anhs Tiep buoc cha ong (Follow in the ancestors footsteps) (Above).
By KHANH HOAN
Tran Tuys Khuc dong ca (a childrens song) (Under), which was eerily reminiscent of photographer
Delta photo festival in 1998 and best prize by the association of 1999. Vietnam Artistic Photographers in According to photographer
cinemas,
contestants had signed prior such a party the The Thao & , Van Hoa (Sport & Culture) reported. However, Minh Thuy ,
composed by the union, but by a member of the prize directing board, Nguyen Thi Phuoc. According to Sinh, Phuoc
Tran Vinh Nghia from Binh Thuan Province, the two photos are similar in light, lay out, and character and differ only in
for Literature and Art, held in the every five years, has received
the document, as the board does not have jurisdiction to act as an advisor to the committee. Therefore, the decision on
background. Duy Anhs work was shot in a studio, whereas Tran Tuys work was produced at a cemetery for war martyrs. According to photographer
Universal,
studios
representative of the
Galaxy came next, distributing Other cinema operators in the movies as the
magazine, told the newspaper that the party was part of the biennial contest, which was licensed by the Ministry of
several petitions of denouncement regarding a policy which allows members of the jury board to submit their own works for consideration.
country did not benefit from as many priority were given to Galaxy and Megastar s said. cinemas, the screening
Highlands province of Lam Dong, some among the jury board did acknowledge the similarities
report
claimed in another newspaper right before the nal round that the organizers had been was an accusation that the well, the newspaper said.
Literature and Arts, made himself known earlier this month by bringing a lawsuit against the its December 13 decision regarding jury board participation.
category, the two award winning works look like replicas, though photographers: Sy Minh, a Tran Duy Ngoan. they were taken by two different member of the jury board and Minhs four photos: Nuoc mam
between the two photos; however Khuc dong ca won the gold medal nonetheless.
largest cinema operator CJ CGV last between the July local from publisher a joint Phuong venture
bribed to choose winners. This contest had faced in 2007 as In response to the latest
Nam and Envoy Media Partners of opened seven cineplexs since 2006. the same period. The mistake British Virgin Islands,
has
decision released November 22, 2010 stating that in order to maintain fairness, members of the jury board would not be allowed to submit their works to the competition.
Ngu Hai (Ngu Hai fish sauce), Ban Thuyen ve lach Van (boats heading to Van canal) and Le hoi den tho Trung Temple Festival) were the central province of Thua
won the prize because it was the The Ho Xuan Huong lawsuit
vua Quang Trung (Emperor Quang submitted to the photo festival in Thien Hue in 2007 and printed tinh nguoi (Love of land, love of 2006.
questions about the qualifications and criteria of prizes for art in Vietnam after a copycat scandal rocked the National Youth Fine Arts 2011 in Hanoi. The festivals organizer
allowing the movie distributors to hold sections of the market, and they can a control over
Department of Performing contests steering commi said he has ordered the on the case.
multiple
year
use the advantage in one section to dominate another, said Dr. Nguyen Ngoc Son, a law college lecturer in Ho Chi Minh City. 1990s, when
imports.
and
cinemas
depend
on
However, on December 13 of
cities and provinces besides Hanoi, HCMC because and of this Da Nang market are
Competition Megastar
position to x prices, hurting their businesses as well as moviegoers. They said Megastar has,
of
Authority abusing
its
accusing market
40 60 percent of Vietnams movie market revenue. the doors of Movie producers have to knock Megastar rst,
the
in the photography book Tinh dat, people) published by Nghe An in However, the four photos also
Chu and Thang Tam in Hanoi are under a lot of pressure in ge movies to screen in their facilities.
Dan ing
Around 20 percent have shut down have been converted to bookstores or shopping centers. screen Another the format who is refusing of
control.
treated), as the work differed only in colors and minor details when 2010 painting, Phuot II compared to Nguyen Quang Hais (Backpacking tour II), which was
distributors
since
they are told not to give the movies to us. At the end of the day movies are , mostly by a section
and
since it will help Megastar negotiate with foreign partners to have more rst run movies for local audiences. triple by 2016, hi in gross ing $110 million and
payment of VND25,000 on every ticket for a movie that it distributes, which li le on means set ticket cinemas prices will in earn the
will have an ocial response the earliest, the newspaper reported. The h edition of the
effectively reversed the November affirming once again that jury board members could indeed compete at the event.
movies to other cinemas, it also xes the prices and screening time, the cinemas said. formats
enjoyed
appear in Tran Duy Ngoans book Vietnam que huong toi (Vietnam, the Ho Xuan Huong Awards. my fatherland) and won prize B at However, the inspector of the
displayed at Hais master s degree graduation ceremony in Russia in May of that same year.
That is one of the two domination industry is away using, insiders turning
distributors
movies
VW
Megastar audience
say the
other cinemas.
give
movies
foreign
to
audience living in big cities who can aord expensive tickets, Tue said. But Hall of Megastar said its fair er it has spent
of
number will hit 350 compared to the current 100. But all the experts are agreed that amended to allow fairer
to
No action has been taken on the Tran Canh Tue, director of a small theater in Dong
from
smaller
for the company to make demands on small cinemas a a blockbusters. lot of money
contest wrapped up in HCMC with Tran Thi Thanh Truc, 19, crowned the winner,
Nai
importing
competition so that all businesses can thrive, irrespective of their scale and size.
VW
VW
18
ARTS - CULTURE
borrowed from Ba Chua Kho at the beginning of this year. Thanks to this dicult year. business ma is her support, we have done well in According to Thang, success in er of luck. I have a strong sometimes only a
Chua Kho is the best place to pray for good luck in business, Thang said. Thanks to her support, I Thangs friend Pham
have made a lot of prot this year. Hoa from Dong Da District has not been very lucky this year. He lost a lot of money in real estate projects was returning to the temple to Thanh
due to the stagnant market. Yet, he repay his debt and pray for a be year in 2012. er
for Ba Chua Kho support, Hoa s said. We had done really well over the last years but this year the
situation is the same for almost everyone in our market, it is not that Ba Chua Kho has not blessed us. Hoa
The Ba Chua Kho Temple in the northern province of Bac Ninh becomes busy with visitors returning to pay back their debt to Ba Chua Kho
PHOTO : PHONG LAN
each
boiled chicken, pork, etc. to oer to trays to her altar, folded their
cakes,
In debt to a deity
By PHONG LAN
Ba Chua Kho. They brought their hands and reported their business results for this year. They told her and thank her for her support they had come to repay the money through out the year. While the exact
amount
of
T
need in
and want to pay her back before the lunar year ends. many local This is a popular custom that for entrepreneurs years. The custom have
wife lead busy lives but they are to repay very mindful debts the on of time, their
people to break fresh ground for enemy while distributing food to people on 12th January, 1077.
wild
land,
by
calling
upon
their business plans, especially the sum borrow for their investment. And at the end of the year, they come the money (in votive back to thank her and pay her back which they had borrowed earlier. currency) of money they want to
devotees and the deity herself, a rough guess can be made by looking at the oerings on their trays. altar, A they bring their er reporting at Ba Chua Kho s to her store, repaying votive
followed
especially
when
creditor
originates in a legend dating back long time ago. Kho was the The legend has it that Ba Chua Queen of the
oerings
to commemorate her right at the called her Ba Chua Kho, which means Lord of the Granary . Khos generosity, many
their debt. They would also receive some votive papers as a gi beginning There of the year, Ba Chua Kho at this time. At the would mean a loan. Thangs wife are also who the gi
return to the Ba Chua Kho Temple in the northern province of Bac Ninh at the end of the year.
Ly
is 20 kilometers north of Hanoi, becomes these times. Thang, extremely who crowded a hotel
from
and intelligent. The King asked her during a war against the
of the New Year Holiday to go with partners some and of friends their who
especially
Hanoi, also comes to Ba Chua Kho two times a year to borrow and return money .
runs
in
people come
simpler wishes.
with
like
the lunar New Year to borrow business and pray for her support. In their prayers, they tell her about
also
the
so I dont borrow money from Ba Chua Kho, she said. I just come to pray for health and happiness for our family .
VW
mobile library as well as special books for the blind will also be displayed on the third street.
national history.
gadgets will be introduced on this section. The second street will also
years Tet (Lunar New Year) holiday will be once again accompanied by three book streets in Ho Chi Minh City from January 20-26.
on history, tradition and culture as dynasties and Saigon in the past. It will also highlight the countrys especially over Hoang Sa (Paracels) and Truong Sa (Spratlys) of Vietnam. sovereignty through generations,
PHOTO: HOANG THACH VAN
VW
editions of local magazines and together with a photo exhibition newspapers for the Tet holiday
the habit of reading books, will be launched in three downtown locations: Nguyen Hue Boulevard, Street.
featuring Vietnams achievements in foreign affairs, and Ho Chi Minh Citys zoning map to 2025.
Visitors read special editions of local book street in Ho Chi Minh City
Mac Thi Buoi Street and Ngo Duc Ke Titled Tradition, present and the
the country and people in general and the city in particular. According to the organizers, each
show documents and photographs of projects and buildings in education, health care and recreation for children.
Thi Buoi streets will be the part that New books published by
connects the present with the future. international and local publishers,
ARTS - CULTURE
19
LONDON
laid blue carpet for the European premiere of prime minister Margaret Thatcher which could win her an Oscar. Streep braved the drizzle to walk up the The Iron Lady , the biopic of former British
carpet matching Thatcher s trademark blue outts and her Conservative party s traditional on Wednesday . color at the BFI Southbank in central London Her performance as the grocer s daughter ing her in line acclaim,
who changed the face of Britain has earned her a Golden Globe nomination, pu While Streep s acting has
to win the third Oscar of her career next month. Thursday s early reviews were mixed. stars out of ve, calling it a shallow end . Muir won
awarded only two stars, running the headline: No! No! , echoing one of Thatcher s most famous speeches. Streep downplayed the talk of another An Oscar prospect, yes... but a great lm? No!
staunchly Conservative
PHOTO: AFP
on Friday yet many who have say Streep has , captured the essence of the woman whose legacy is still the subject of intense debate.
Broadbent, himself an Oscar winner in 2002, is ever present as his wife looks back on her career as she rises from modest beginnings to become Britain s rst and still only woman premier. Thatcher took over a country
yet the o
goals continues to divide opinion, as does the war over the Falklands. Yet Streep also shows Thatcher s undoubted
Academy Award, focusing instead on the challenge of playing the former British premier age troubled by dementia. from the start of her political career to an old She was someone with a big ambition and
hair and clothes in the role as near perfect, and the distinctive voice which
worked so hard to perfect booms throughout the lm. Streep confessed she knew li le about
whose
empt
was arguably the strongest and the only female broke ground, Streep told reporters as she
leader in the Western world at her time, so she arrived for the premiere.
but defended the decision to make a lm about a woman who remains a divisive gure in Britain.
play someone at the waning of her life... and that interested me too because there aren t very many lms that pay a The lm has already opened in Australia ention to older ladies.
because people tended to look at her either as the savior or the destroyer of the UK. And at this point in time the feelings are still as vehement it seems to me, premiere. she said at the
venue along the Thames from the Houses of Parliament, which Thatcher dominated from 1979 to 1990, has special resonance.
the Abba smash hit Mamma Mia! starts the action in the present day with an elderly , Thatcher clearing out her late husband Denis s clothes. The ghost of Denis, played by
Jim
city will be used for car chases and action sequences, T olentino said.
"The Bourne Ultimatum," all starring Matt Damon However Damon will not return for the fourth ,
routes during shooting days, he said, adding that teams will be deployed for crowd control and to re-direct traffic. "The movie will be shown worldwide. Its best
reported. The story, therefore, resumes after the conclusion of The Bourne Ultimatum, consequences of Bourne's actions. AFP AGENCIES , as a new cast of characters grapple with the
that we clean the area first before filming," T olentino told reporters.
20
ARTS - CULTURE
Vietnamese cinema to find the answer . In Through The Lens, she will also wade
also abroad.
improve.
By THUY LINH
L
than
latest porn
Hoang s ick, so
rich guys, and asks a straightforward sleep with you? For one, the price is
question: How much does it cost to a US$40,000 diamond ring. For a leader of the group, who seems to be the strongest and proudest, it
Tonight), just like are less cheap people think. especially the The
many
friendship: she wants to have money to give it to the fourth girl, who is the most
PHOTOS: LAN ANH MEDIA COMPANY
local
among them.
innocent
and
vulnerable
movie about prostitutes, Gai nhay (Bar Girls), he managed to draw audiences back to watch Vietnamese a ract them because they
Indeed,
Hoang
starts
by
points a rie at the man who asks the question. Though Hoang recycles his old
lms which for years had failed to stuy and mostly about the war. were
plotline of strong females pointing guns at males, this lm satirizes the Vietnamese preoccupation relationships girls theme us and may in rich media s with
made some war movies, such as the award winning Blade) and Ai xuoi Luoi van dao ly (Knife (Who
She is from a wealthy family and her parents, who are too busy to care
becomes a bar girl to rebel against for her. The strong female character rebelling against conventional ideas about women is a recurring theme in his later movies.
between
current
traversed thousands of miles), which earned him a solid reputation among local lmmakers.
be
businessmen. gossip,
The
all
this
cynical
and
garnering VND12 billion in ticket Vietnamese cinema at the time. column even led As I mentioned about director in a Vu
Hoang s
characters we can identify with. But I agree with critics that he should move on trash, but because it is time for him to nd a middle ground between art house movies that dont sell and low not because these lms are
up
so
some
porn
healthy
movies
female
thus
Hanh, an ambitious actress who worker (Hoang never actually lets her sleep with men though) just to Though the focus of play the role of a prostitute in a lm. Cinderella is split between Hanh and Hoa anc Street
Dang, Bar Girls is part of, or could overexploitation of social ills that has looking like documentaries. journalist For instance, and police the to movies and TV have started, the current
Ngoc
lost her innocence and cant love her She is, in other words, Hoang s
Hanh has
other girl, who has fallen for the wealthy man, lives happily ever a with him.
er
dramas
a real prostitute with whom Hanh s absence falls Hanh in love is during the more her
are telling. With the rst girl, the message is clear in another job. one would the robbing business, the so
brow skin icks and acceptance with both critics and audiences. He was once capable of this. Vi dang tinh yeu (the Bi
nicely parallels her own: he only prostitute who teaches him that love entails pain and sacrice. Hoang s rebellious In Nu tuong cuop (Female Robbers), females
righteous
characters and the nal conference in Bar Girls in which an ex prostitute talks about her regrets and a
ocer
interesting character.
frames Hanh face as she realizes, s a she has lost her anc to another woman. understanding. She Here looks we sad have er she returns from lming, that
classic Cinderella: your job is to win a good, rich man heart. s Before Thu is able But this isnt the whole story. to win
think
Love), a 1990 movie about students life and love which he co scripted with Viet Linh, remains one of the most popular love stories in Vietnamese cinema. critically acclaimed and
er T aste of
tribulations take away from what could complex otherwise lm about have women been
are
in
but a
robbers. The two leading characters disguise themselves as vulnerable rob them. wealthy A women to fool men and drug and er they succeed in relieving a man of a large sum of
her
finger to prove her character and asks her to cut off the mans not
esh out the best female characters in his movies by giving them some intellect and moral courage rather
woman who chooses art and career over the more obvious option, love. world of prostitutes A er experiencing rst hand the
love. Earlier her partner in crime finger to threaten his sister into paying a ransom. Thu,
than just street smarts and physical courage, and moving them away from titillation into the one inhabited by ordinary women. unlimited. the world of sleaze and
movies for his take on gender and romance because no rather new than ground can be
ills
and lead an honest life and ends up being robbed and raped by some men and commi ing suicide. The
decides to cut off her own finger. When the man asks her why, Thu replies that never in her life has
broken here.
VW
HEALTH
21
trauma a
lenses has prompted Vietnamese doctors to warn about the poor awareness country . of eye safety in the
lenses melting or sticking to the to be vigilant near heat and re. the Asia Pacic Academy
eye, but doctors say wearers have Dr. Le Thi Hai Chau, a member of
of
Prevention of Blindness Association, glasses, especially contact lenses, are always warned by doctors to stay away from re and heat. Saigon Dr. Tiep Thi
saying.
Nguyen
Dinh
Military Medical University, says lenses, hard and so and easily kinds , of which the in high of contact
at
Ngan,
Vietnam
an
glasses. the
Dr. Phuc says the glasses absorb heat and around is increase not the eyes, for the
temperatures, including steam, is more popular in Vietnam. Ngan tells Vietweek in an email
that the deformity depends on the rate of hydration of the material, which ranges between 38 and 78 percent.
something
temperature
heals. Minh
since an injured eye never fully Dr. Vu Anh Le of the Ho Chi City Ophthalmology
that
good
from the university, tells Vietweek of temperature similar concerns with all over kinds high of
motorbike saddles since the heat Doctors also warn that infections injuries
in
warns
that
people
necessary . things
rushing
desired results.
of time and money but rarely gives Injuries always leave serious
burns
or bo
of
saying.
own, Saigon Tiep Thi quotes Le as But the best solution is to protect treatment is never
eyes.
because
VW
liquor
some mitigating dietary measures reduce drunkenness but also ease the burden on the liver. can be taken that can not only
consumption,
there
are
er drinking: Wash a
handful
of
water
Eating food that helps detoxify, while drinking liquor is among reduce drunkenness but also ease the burden on the liver
for their essence. The juice not only helps you sober up but also helps prevent heavy bout of drinking. headaches following a
including orange and strawberry, the measures that can not only
reduce the absorption of alcohol in the bloodstream as also prevent to in the stomach. beans soup to burning of the mucous membrane + Have a bowl of sweet green a as certain it acts extent. as The
and 16g of dry kumquat skin into very small pieces, mix and place drink a er 15 minutes. them in a cup, pour hot water, and + Chop two white turnips (or
Center City .
the
stomach,
according
alcohol consumption and cirrhosis of the liver has been obvious for some time now, although it might seem that this knowledge has not been a deterrent in many countries
The
link
between
excessive
including useful
absorption of alcohol by the body , especially its speed, depends on the food in ones stomach.
to
Vietnam.
remember
It
might that
the
be
motor
Apart from the obvious loss of control, and vomiting, slurred excessive
starchy food.
with
consumed fa y
The
ma
food
agents
detox
radish) nely, put them in a cloth bag to squeeze the juice out. Add a pinch of sugar to sweeten. + Slice three small pieces of
slowing
ers,
green beans are also said to cool the liver. + Drink one glass of lemonade
with sugar; or eat some sour fruits, as these help neutralize the alcohol to an extent.
ginger, chop nely Mix with 60g of . vinegar and 15g of sugar. + Squeeze one lime for its juice, Sugarcane bi er juice, tomato juice juice of
nausea
speech,
some
While drinking liquor, have food white that helps turnip, celery
including
detoxify,
help as
drinking way is
mitigate
remarked to
alcohol.
the
impact the
also
avoid
earlier, ge
ing
22
AROUND TOWN
Fiction)
12:05 Cheaper By the Dozen 13:45 The Expendables (Action) 15:30 X-Men: The Last Stand 20:00 Hancock (Action) (Action)
MEGASTAR CINEPLEX
www.megastar.vn 6th Floor, Vincom City Towers 191 Ba Trieu St., Hai Ba Trung Dist. Tel: (04) 3 974 3333 January 6-12
07:00 Big East Conference 14:30 NCAA Womens Volleyball 18:30 Sportscenter Asia (L) Championship
11:00 Temple Grandin (Drama) 15:50 Free Willy: Escape From Pirates Cove (Family)
Fr i d a y
www.galaxycine.vn 116 Nguyen Du St., Dist. 1 Tel: (08) 3 823 5235 January 6-12
17:30 Cats & Dogs: The Revenge 23:10 Frozen (Thriller) Saturday of Kitty Galore (Family)
MEGASTAR CINEPLEX
www.megastar.vn 7th floor, Hung Vuong Plaza, 126 Hung Vuong St., Dist. 5 Tel: (08) 2 222 0388 January 6-12
Spell Bound
1 6 :4 0 , 1 9 : 0 0 , 2 0 : 1 0 , 2 1 : 2 0
0 9 :4 0 , 1 0 : 5 0 , 1 2 : 0 0 , 1 4 : 2 0 , 1 5 :3 0 ,
12:35 Remember Me (Romance) 16:15 Bewitched (Comedy) 21:45 Stealth (Science Fiction)
14:00 How to Train Your Dragon 15:45 Hachiko: A Dog's Story 19:15 She's out of My League 21:00 The Losers (Action) Sunday (Comedy) (Drama)
Spell Bound
1 5 :2 0 , 1 6 : 3 0 , 1 7 : 4 0 , 1 8 :5 0 , 2 0 : 0 0 ,
0 8 :2 0 , 1 0 : 4 0 , 1 1 : 5 0 , 1 3 :0 0 , 1 4 : 1 0 ,
Fr i d a y
Review 2012
08:00 Anderson Cooper 360 09:00 Piers Morgan Tonight 12:00 World Sport 10:00 Quest Means Business 16:00 World Business Today 20:00 News Stream 22:00 International Desk Saturday
Sunday
2 2 :2 0
0 9 :0 0 , 1 0 : 5 5 , 1 2 : 5 0 , 1 4 : 4 5 , 1 6 :4 0 ,
16:30 The Book of Eli (Action) 18:50 The Social Network (Drama)
246 Nguyen Hong Dao St., Fr i d a y Ward 14, Tan Binh Dist. Tel: (08) 3 949 4567 January 6-12
08:00 Anderson Cooper 360 09:00 Piers Morgan Tonight 12:00 World Sport 10:00 Quest Means Business 16:00 The Best of the Situation 20:00 Talk Asia Room
0 8 :1 0 , 0 8 : 4 5 , 1 0 : 1 0 , 1 2 :1 0 , 1 2 : 5 0 ,
09:00 Australian Open Classic 20:00 Hot Water 2011/12 Show Match 2007
Fr i d a y
2 0 :4 5 , 2 2 : 1 0 , 2 2 : 4 5
0 8 :3 5 , 0 9 : 0 0 , 1 0 : 3 0 , 1 0 : 5 5 , 1 2 :5 0 ,
Saturday 19:00
18:15 The Expendables (Action) 20:00 X-Men: The Last Stand (Action)
08:00 CNN Marketplace Europe 09:00 CNN Presents 12:00 World Sport 10:00 CNN Newsroom 16:00 African Voices
19:40 FA Cup Match (L) 21:55 FA Cup Match (L) Sunday 20:00 22:30
1 4 :4 5 , 1 6 : 4 0 , 1 8 : 3 5 , 2 0 : 3 0 , 2 2 :2 5
0 9 :3 0 , 1 0 : 5 0 , 1 3 : 4 5 , 1 4 :4 5 , 1 5 : 4 5 , 1 7 :4 5 , 1 8 : 4 5 , 1 9 : 4 5
0 9 :5 5 , 1 2 : 1 0 , 1 4 : 3 0 , 1 6 : 5 0 , 1 9 :1 5 ,
Complete the grid so that every row, column and 3x3 box contains the numbers 1 through 9 (no repeats).
of five overlapping sudoku grids. The standard sudoku rules apply to each 9 x 9 grid. Place digits from 1 to 9 in each empty cell.
14. Cry (7)
Across
19. Wind instrument (5) 22. Ability (8) 24. Gratis (4) 25. Gas (8) 23. Bucket (4)
Down
2. Rear (5)
7. Lattice (7)
TALK BACK
23
Vietweek welcomes readers response and publishes them every Friday. Please direct your comments to: letter@thanhniennews.com
We reserve the right to edit comments to fit space. A legitimate mailing address and phone number are required.
Slaps on the
December 16 22, 2011) I would like to say to Jim Luke the reasons you received such a negative response to your original article (Homesick or Sick of New Home, Issue 101, September 2 8, 2011) was that, in my
hotels, resorts and taking tours. Based on my New Zealand experience and knowledge, Vietnam appears to be missing out on the backpacker cyclist type. What I have read more money in their travels than those
you just take away the taxi; it becomes be put up for auction with the money
government property The taxi can then . going to charity As for others who drive . Vinasun, give the driver an automatic
stupid. Eventually nobody wants to be , And most of the time, the penalties are
in New Zealand suggest these people spend taking tours. New Zealand is at the moment spending a lot of money constructing a series of mountain bike/walking trails
for registered companies like Mai Linh and 30 days in jail plus a six month license
merely a symbolic slap on the hand which is hardly any deterrent. Scam taxis should be treated as scams and fraud in business.
themselves and the way in which they live in Mr. McKenzie s article is more to the point
the amount that each driver took from the customer (laptops, phones, etc.). This is in second time should be six months in jail and a permanent taxi driving ban. On addition to reimbursing the customer. The
Chisiang
about the shortcomings of tourism and not He makes a lot of sense and his suggestion required to provide public toilets is a good
travelers who want to see the countryside Google the Central Otago Railtrail New
going from the ferry terminal to the airport (US$28.5) instead of around VND150,000. I knew I was being ripped o but I was meter was ticking over far too fast, and he said: I have meter, I have meter. got out near the REX hotel. If I wasn t in such a rush I would have Don t ever get into taxis at the ferry in a rush. I told the driver on the way the
so much about the Vietnamese themselves. that all new hotels and restaurants should be and practical idea, although Im not so sure walking o the streets to use their facilities Your article was well wri spot on.
and the benets and opportunities it brings to all those living along side the route these trails take. Homestays, coee shops , hotels, refreshment shops selling drinks and meals pride to the small communities they pass all do well and these trails bring new life and through. Imagine a trail like this along the
paper alone, this should deter 99 percent of the drivers from trying to do it and that s what a law is for. It will certainly save
all restaurants should have to cater to people as they may just be a family establishment. description of some (not all) of the roads is I also read the interview with Nguyen
Vietnam from having a terrible reputation and bring in more money from tourism. Marc
coast of Vietnam or through the mountain how it could improve the living for the paid to the locals and not the tour companies.
areas for walking and biking, then think of people along the way with the money being
penalties.
The problems are: enforcement and In the recent crackdown in HCMC, the
terminal, go outside to the street and get Vinasun or Mai Linh. Fish
from around the Ben Thanh Market area. that the campaign is over.
I returned just last week from a 14 day tour of Vietnam with a tour company It will be . my rst and last tour, not because I didnt
However, they have resurfaced again, now If enforcement is not carried out
like the country but because of some of the tourist shops selling souvenirs. This is not
places we were taken to were just overpriced Vietnamese scenery and made me wonder just one reason. I wont go into the other reasons in this le Mr. Nguyen is a director of a tour er.
consistently nobody will obey the law. , It is the same not only for taxis but for other trac oences.
whereby if you have been scammed, you can report the taxi driver to a central number where they can investigate further. car number would help. Photos of taxi driver, taxi number and I guess it would be a busy phone line.
come back again to nish what they started. Vietnam needs more homestays and small as they travel this country Not everyone . homely hotels for people to spend the night wants to stay in high class hotels and resorts
Stevefwt
and not everyone wants to take a tour. These freedom loving travelers want to sit in small local bars/restaurants and have a beer with the locals, shop at local markets and experience the real Vietnam. Cam on.
company and I think his statement taints travelers not just the ones who have a lot a lot.
the article. Tourism is about catering to all of money to take expensive tours and spend From what I see and read here, tourism in
Lots to be proud of
I am really ashamed to admit being er how o
Stop marrying
Re: Married to mistreatment
The problem could be a result of
en we are
these idiots
part of society or government. Corruption, the world. I am a natural born US citizen knows that. You should feel proud to be that of a people who have endured and fought foreign tyranny for centuries. It Mike improve. I have not lost faith in the
crime and social problems exist throughout and corruption is rampant here, everyone Vietnamese because your history has been
(Thanh Nien Weekly, Issue 116, December 16 22, 2011) women should stop marrying these idiots. They should learn that a better life depends on themselves, not on their unknown riches.
parental perception. They should be more considerate about their daughters well being, and not look at them as properties to help them out in their old ages. I feel sad for those beautiful women of Vietnam. The Vietnamese government should have policies to tackle this problem and help these women.
takes time for people and governments to Vietnamese people or the Vietnamese
government, because I am 58 years old and have seen many things in life. Change happens over time, not in a month or a
Randy
Vietnamese women have to report to the local authority every month on their not they have problems. family situation, regardless of whether or Cuong
year. Look at all the wonderful things that have happened in Vietnam within the last 15 years. I nd it truly a wonder.
Vietnam. The government has to do more to help these women. Also, Vietnamese
jack4u2@...
Jack
24
IN VOGUE
By TINA PHAM
mysterious atmosphere over the The products at Mosaique use a inspired materials by European, s such silk with
designs
Middle Eastern and Asian arts. There are also tasteful gi silver coee
Vietnamese traditional handmade products with its collection made from various materials including bualo horns, silk, silver, pearl, and beads. bamboo, embroidery mother of , The shops highlight is their
as bookmarks made of silver and beads, from cushion, or wall tapestries made embroidery . silk decoration with lotus lters,
VW
collection of lamps made from beads, silk and lacquer. Customers may choose a small lamp shaped like a peach, bird
e shop Mosaiqu
ict, Hanoi Kiem Distr o St., Hoan 22 Nha Th nter , Saigon Ce ound floor 3A, 4A Gr Minh City 1, Ho Chi St., District 65 Le Loi
TRAVEL
25
WEATHER FORECAST
Friday, January 6, 2012
O 0 0
Cloudy
HANOI
Showers HCMC
Sunny
Showers HCMC
Cloudy
Showers HCMC
Thunderstorms
Pho Trach
(1) C
Village in the
weave mats
(3) Nguyen Thi Chieu in Pho Trach Village is famous for making beautiful mats
PHOTOS: TUYET KHOA
central Vietnam been known for making traditional mats from sedge
Airline
Vietnam Airlines
Frequency
HCMC/Hue/HCMC
GETTING THERE
Daily
HCMC/Hai Phong/HCMC
Daily Daily
Daily Daily
Hue Province), tourists can reach Pho Trach Village by car or train. 1A, go north to the three-way By car: take National Highway
Hanoi/Da Nang/Hanoi
Airline
Vietnam Airlines
Frequency
intersection at My Chanh Market, turn right into National Highway 49, go for a kilometer, pass Phuoc O Lau River for about 10
Daily
Daily
Tich Bridge and turn left, go along kilometers, pass Mu Tu Bridge, hour.
Daily Daily
Daily Daily
Daily
Thien Hue
Hoi train at Hue and get off at My Chanh near the My Chanh Market three-way intersection. returns at 5-6 p.m. every day.
United Airlines
Hanoi/Frankfurt/Hanoi
Hanoi/Los Angeles/Hanoi
Cebu Pacific Air
Daily
Daily
HCMC/Manila/HCMC
Daily
has
Cathay Pacific
years in this Phong Dien District Almost all the women here, and
can
every day and a two layer mat every two days. remain The Pho in a Trach sedge
produce
single layer
mat
Daily
Daily
even girls of nine or ten, weave the mats and it is not unusual to see a half nished one in every house. weave mats together, The women usually gather to
product
Thien Hue. They are smooth to lie on, easy to wash, and dry quickly . They can be spread on the bed or oor and keep people warm in winter and cool in summer. and empty the eld for seedlings morning. Beating sedge is a hard job that is le The mats themselves have one erns and to the men. also made of c
rural
favorite
areas
household of
mats
Daily Daily
Daily Daily
Thua
Daily
working
watching TV Many women work . new mat at the market the next
ing or
Vietnam Airlines
CONTACT
Ho Chi Minh City: (08) 3 832 0320 Da Nang: (0511) 3 832 320
Jetstar Pacific
until late at night so they can sell a morning. Girls from other villages have to learn how to weave if they become a daughter in law of the village. The mats are made of c
to grow from the old stumps. The harvested sedge is dried, tied in lo . bundles, and stored on the kitchen The sedge is beaten at with a
Xuan Dao, 84, a villager who has years, said most people in
or two layers. Single layer mats have no decorative pa 15 US cents). decorative are sold for VND20,000 30,000 (10
been weaving for more than 70 village use these products. make more of the
Ho Chi Minh City: (08) 3 848 5501 Da Nang: (0511) 3 583 583
United Airlines
her
species of sedge that grows in deep water at the edge of rice elds, meter in height.
bng, a
chunk of wood. Each of the four communal tool placed on the main the sounds of the grass
Today Pho Trach villagers also like carpets, eco friendly seat
lives for a year, and grows up to a By the middle of the rst lunar
hamlets in Pho Trach Village has a road for weavers to use. Every day beaten ring out early in the
being
costs
products
Ho Chi Minh City: (08) 3 822 3203 Ho Chi Minh City: (08) 2 221 7620
competitions.
VW
26
SPORTS
rallying
swimming
control as Al-Attiyah
CHILECITO, ARGENTINA -
Stephane Peterhansel took the overall lead in the car section here on Wednesday after winning the fourth stage, a 326km special from San Juan to Chilecito. The 46-year-old Mini driver, a
mistakenly oversold tickets for sessions, leading to thousands being offered tickets to other events. Some 10,000 tickets were
Newcastle
Newcastle sent Manchester United spinning to their second consecutive defeat on give
Advanta
winner, endured a miserable day punctures but on Wednesday it champion Nasser Al-Attiyah to have a nightmare. The 31-year-old's Hummer
second round of sales for four of the sessions in the aquatics centre but 20,000 were made organizers revealed.
3,000 ticket-holders and offered events - including the men's had previously applied for unsuccessfully. AFP
after a 15-minute stop, leaving AlAttiyah seventh overall and over half an hour off the pace. AFP
biathlon
LONDON Jones
Ba, Yohan Cabaye and a late Phil deserved own 3 0 goal victory clinched for a
performance of the German team as, despite being led by their double Olympic champion,
steers his Mini to win the Stage 4 of the province and Chilecito, La Rioja
2012 Dakar between San Juan, San Juan province, Argentina, on January 4, 2012
United missed the chance to go level on points with City at the top of the table. beaten The defeat by means
Cannavaro to watch
By THUY KHANH
Trafford in their last outing at the weekend, now trail City by three points downed after Liverpool the league 3 0 leaders at
Blackburn
at
United, Old
Eastlands on Tuesday.
had two fantastic goals which put weren t going to lose it,
them in the driving seat and they manager Sir Alex Ferguson said. United
Cannavaro will watch the Super League second round match between HAGL and Saigon FC at Ho Chi Minh Citys Thong Nhat Stadium Saturday. The former defender, who led
and it s advantage to Man City. We don t normally have back to we had some players
Italy to victory over France in the 2006 World Cup final but
Doan Trang and MC Tran Thanh performing before and during the match.
was accused of drug charges in packed schedule during his City beginning Friday.
2009 before being cleared, has a three day visit to Ho Chi Minh He will arrive at Tan Son Nhat
have the experience to cope with it. We need to get the show on the end to end first half saw
Webb
brought
after
down
Rio Ba
as
Ferdinand the
two
continued to cause problems for United and it was a foul on the striker second by half Jones that early led in the to
both sides threaten early on, with Manchester Dimitar Berbatov United grazing striker the
readiness A
9:30 a.m. as previously planned, attend a press conference in the afternoon, meet young trainees Saturday morning and meet football fans Sunday morning. During the match between
post with a header on 15 minutes to set alarm bells ringing in the Newcastle defense. At the other end, Newcastle
upfield
flicked on for Ba, who in turn hooked a superb volley into the side Lindegaard, netting favored beyond in Anders goal
ensuing
free kick
VW
SPORTS
27
age City as
Op -Ed
stun United
a time to panic, patience and we have the
Telecast dispute
By LAN PHUONG, THUY KHANH
It's not
telecast rights for Super League VFF early last year signed a
telecommunications and media company called the An Vien Group for VND6 billion (US$285,000) per year. The the Vietnam Professional
Thang has said that authorized government agencies will and AVG are right. decide whether VPF or VFF Thang said Wednesday that
contract has been rejected by Football (VPF) JSC, which was established last month to take over the job of organizing the nations professional football competitions.
the Ministry of Information and Communications, the Ministry of Justice and the Ministry of Thursday.
cope. We need
experience to
the contract with AVG, but the company has refused on the not asked the clubs for their opinion before signing it. grounds that the federation had
contract between VFF and AVG to be made clear in order to ensure that interests and
Hy signed a communication
for VPF is valid only when VPF representative. That is, VPF must meet the following requirements: 1) VPF becomes a member agency of VFF; 2) VPF completes signing the document to receive authorization from VFF to organize professional competitions.
shares. That is, when prots are made, VFF gets a bigger share than any other club.
because of any other benet that certain ocials of VFF ignore the benet for the federation as a whole? stand to gain that makes them
Pardew
presence of Ba and Ameobi had caused problems for United. I think we won today because what we wanted today to
said
the
Physical Training and Sports of the Ministry of Culture, Sports and Tourism has asked VFF to clarify its contract with AVG.
we controlled the game in terms of didn t let them play. Physically and aerially we
face by saying its authorization for VPF is not valid yet. In fact, it was VPF, not VFF, that
The Ministry of Culture, Sports federation to make clear the provisions of the contract.
countrys top tier Super League So, how can VFF still claim
Bolton moved off the bottom after coming Everton 2 1 at Goodison Park. Everton goalkeeper from behind
complains that VPF does not respect it. But when all the
are put together, it appears that the federation does not respect itself, nor does it respect the public.
Howard opened the scoring with a freak effort before Bolton hit and Gary Cahill. came Howard s when back with goals from David Ngog
PHOTO: AFP
including TV telecast rights. General Meeting of VPF on asked VFF several times to complete the transfer agreement but VPF vice
Manchester United's manager Alex Ferguson (R) substitutes Wayne Rooney against Newcastle upon Tyne, England, on January 4, 2012
63rd
Newcastle United during an English FA Premier League football match at St. James' Park,
goalkeeper s
bounced over the head of Bolton keeper Adam Bogdan and flew into the net.
long
the
minute
clearance
Everton
effort
Ministry of Culture, Sports and Tourism and the General Department of Physical
Training and Sports are likely to ask VFF to terminate its la contract with AVG, with the
chairman Nguyen Duc Kien said, VFF has been slow in procedures, deliberately completing the administrative delaying the transfer to us. VPF.
United
magnificent Wayne
into
action,
goal line
and
clearance
only
miserable evening and eventually suffered the indignity of being A bad night for United by substituted with 15 minutes to go.
goal back for the visitors on 59 minutes. Rooney, who had missed the by defeat Ferguson after being for
worse in the dying minutes when a caused confusion in the visiting defense header past Lindegaard for 3 0. Newcastle manager and Jones steered long punt forward Krul
got
this controversy behind as soon as possible and ensure long term benets for the football.
Blackburn dropped
Cahill
expected
to
Alan
drove in the winner for a vital three points for Bolton. AFP
then
join
development of Vietnamese
VW
28
AROUND TOWN
During New Year, people often like to feast on simple traditional dishes along with their families
By NGUYET ANH
Gi th
the New Year and the Lunar New time when on everyone
delicacies like gi th Gi th
feast
(pig s head
traditional
dish in Vietnam, is known as head cheese though it is not made from cheese but from gelatinous pork meat. Made from various parts of the
and supermarkets, and also easy to make at home. First, one needs to thoroughly with water, salt, and
about 45 minutes or until they are done. Test by poking a chopstick into the meat.
some
oil,
garlic,
to the mold using a spoon, keep pressing it rmly to compact it. A er nishing, close the bag and
animal such as ears, snout, and even cheeks, the stunning dish is both chewy and crunchy . It originated in the north but it
Be sure that the fur on the meat is Soak wood ear mushroom for ,
out and rinse with cold water to prevent the skin from changing and cheeks. whole
Pour the meat mixture into the stir fry over low heat,
usually for about 10 minutes, until the mixture turns viscous. Add the mixture into a cylinder
color. Thinly cut the ears, snout, Mix them with ground pepper, peppercorns, sugar, salt,
mould when it is still hot. One can use empty cans for the purpose. tightly pack the cans with the Line the can with plastic bags and mixture. While adding the mixture
Then boil the meat in a large pot sugar, and salt for
sh sauce, and shredded wood ear mushroom. Heat a pan and add
natural gelatin. Remove it from the leaves and tie with strings.
VW
With your craftsmanship in hand, return to Saigon for a master class in clay-pot cooking, crafting cm t m (broken rice), coconut water .
Website: www.sofitel-legend.com From January 12 to 23 savor some glorious Spices garden Tet delicacies
caramelized pork belly, and river prawns in Day 2 Bnh m and brews
Caravelle Hotel
dishes conjured up by Metropoles veteran chef of 33 years, Nguyen Kim Hai. T celebrate the o dishes, the hotel will also present creative roasted venison fillet. Tet gifts Lunar New Y ear besides traditional Vietnamese , delicacies such as blue prawns in festive robe or
Park Hya
Saigon
Website: www.caravellehotel.com Choux & clairs promotion Chefs at Caravelle Hotel are whipping up
Masters, a series of epicurean events throughout the year showcasing the diversity of regional , January 13-15, 2012 textures and flavors founded throughout Vietnam. Flavors of CochinChina
much-loved light French pastries with classic Lobby Lounge on the ground floor .
cream fillings and rich toppings to serve in the From January 14 to 21 guests can choose
sandwich its multiple personalities, so you will experiment with four traditional ones: egg, pork, chicken, and beef. The
for this holiday season. Its shelves are stocked with an assortment of Tet hampers and treats designed to bring added delight to the Lunar
culmination of this culinary experience pairs your savory creations with a tasting of Day 3 Green afternoon tea several Vietnamese micro-brewed beers. T aste a master selection of Vietnams
including chocolate cream with poached pear slices and icing sugar and toffee cream with , sliced fresh bananas and broken walnuts at VND160,000++ per portion.
the French colonial region of Southern Vietnam, where the European influence is evident in a Day 1 The art of claypot unique use of ingredients and cooking methods. Set off to Binh Duong to learn the ancient art of
high-grade green teas, including the native lotus tea, along with a decadent array of sweet green confections. Master Pastry
Pandanus Resort
Pendolasco Italian
87 Nguyen Hue Blvd., Dist. 1 Tel: (08) 3 821 8181 Fax: (08) 3 914 4994
Garden Restaurant
Email: rsvn@pandanusresort.com
Website: www.pandanusresort.com
gourmet getaway weekend promotion for only US$179.00++ per twin share (two people). The package includes two nights
accommodation in a superior room (check-in either Friday or Saturday), daily breakfast buffet, and a Saturday evening poolside
barbecue buffet with an extensive selection of of salads, pastas, desserts and fresh
Metropole Hanoi
badminton courts, bicycles, game room, fitness center, wifi, and the largest swimming pool in the province. The promotion is valid until March 31, 2012.
AROUND TOWN
29
By TO VAN NGA
T
to
try
something
new
for
Japanese
experience
authentic
Champa style
by
Year packages
saw a dierent Saigon: dreamy and unburdened by heavy trac. Sunlight showered the houses and boutiques around us. We enjoyed the unclu being simple ered joy sidewalks by of walking on
January 20 to 31, costs US$380 a person or $440 for two includes two nights, daily international
motorbikes. on Thai
bothered
roaming
without
buffet breakfast, one international buffet dinner round trip airport , transfers by bus, wifi Internet and a daily shuttle bus to the ancient town of Hoi An, a
Japanese hotel by the same name. Upstairs, Japanese breakfast; serves lunch
authentic
and
of the fitness center swimming , pools, games rooms, kid club, tai chi classes in the morning. further receive unlimited tea, and a VIP amenity set up. Those booking suites will
(VND60,000):
continental
(VND60,000): western style bacon and eggs with bread. By chance it was a
breakfast
the
Japanese holiday, the Emperor s birthday, making the opportunity to breakfast all the more poignant. important Traditional ritual breakfast in is enjoy an authentic Japanese an
PHOTO: TINA PHAM
special
VW
Central Vietnam
Aiko, a Japanese customer, enjoys her favorite Japanese authentic breakfast at Azumaya Restaurant
culture, which emphasizes quality of life, relaxation, the females role in the family and housework. In the old days, women would wake up hours before their husbands, roll up their sleeves and prepare several Very familys breakfast. quickly healthy dishes for their
Japanese
Typical for Japanese food, there was almost no oil or fat used in the preparation, was pure as well very few felt
this, we dont nish one dish and then try another. We taste a bit of one food and then try others in a Aiko explained. another By chance,
lack
herbs. The taste of these dishes incredibly healthy. we cook sea and fresh and
torinabe soup (chicken, leeks and cabbage broth), and nikujaga (potato, with
delivered a bamboo tray with nine dishes of assorted colors including Japanese steamed vegetables, style steamed
our
waiter
than
Azumaya Restaurant for a light dinner a few days later, a evening stroll in the city center. dinner We is served had as a er an
friend,
we
returned
to
shredded
pork
sauce, oil and sesame on top, plus egg, seaweed and chicken).
chicken,
soup),
vinegar,
salad
soy
DestinAsian as one of the best new resorts in the Asia-Pacific region. Fusion Maia, located on Da
and vegetables are also important breakfast. But nowadays we are too busy to prepare
The bar on the ground oor where dierent atmosphere. quickly felt very
cooked in a special sauce, clam soup, fried sh, egg rolls, minced radishes and two types of pickles. They were arranged in
radishes
rice,
torinabe soup, nikujaga soup and ramen everything was fantastic. The service at Azumaya was
Mountain and the Museum of annual Luxe List of best new region in 2011.
Cham Sculpture, entered the 8th hotels and resorts opening in the The resort, as well as the
breakfast with so many dishes like that, Aiko said as we ate. The dining room in oered a
if
wed
bowls and dishes which looked like a lovely painting with warm delicious yellows coloring the
tiny
pleasant view of Thai Van Lung Street, calm, morning. tranquil The atmosphere to the early was
VW
others in the list, was visited by one of the magazines contributors and subsequently chose the final list based on location, and ambience.
ideally
suited
slowly
vetted by its editorial staff, who criteria such as design, service, Fusion Maia, designed as an
all-inclusive spa resort, was also listed by Conde Nast Traveler among the worlds best new on Time magazine.
curvy bar area equipped with a wines from around the world.
chng, bnh tt, braised pork, paste welsh onion and scallion heads, salads.
featured on DestinAsian Luxe List is another confirmation that guests are enjoying our
afternoon tea from 2:30 p.m. to 5 p.m. with a selection of famous Ronnefeldt teas from Germany as well as canaps. For the first two months Flo
besides dierent kinds of soups and All dishes will be complemented drinks, coee and tea
9:30 a.m., followed by ceremonial and ancestors. The fake lions will also go through the entire hotel, the hotel to deliver New Year blessings.
surprising concept of all-inclusive spa, said the resort general manager Michelle Ford.
concept, and it is featured on the walls and carpets in various colors and textures.
for lunch, and assorted wine, beer and cocktails for dinner. The buet is priced at
performances by the European band Esther Flatters and The Jazz Hats which will play light
VND500,000 (US$24) for lunch, and VND840,000 for dinner. eat for half price.
Vietnam listed include Hotel del Opera in Hanoi, An Lam Ninh Six Senses Con Dao. Van Bay Villas in Nha Trang, and
VW
VW
VW
30
VIEWPOINTS
many
corporate psychopaths at the helm of our nancial institutions are to blame. at the No ingham Business Clive R. Boddy most recently a professor , ingham Trent University, School says at
No
psychopaths are the 1 percent of people with abnormal brain connectivity and
who, perhaps due to physical factors to do chemistry lack a conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.
of the Journal of Business Ethics, such people are calculating and ruthless towards others than extraordinarily cold, much more
most people are and therefore a menace to the companies they work for and to society . personality says How do aws people make take with it such to the top of of obvious
seemingly successful corporations? Boddy relative psychopaths chaotic nature advantage rapid of the modern change, the
corporation,
including
personnel. Such circumstances allow them and charisma, which makes their
to ascend through a combination of charm behavior invisible and makes them appear normal and even to be ideal leaders. Stable environment
Occupy Seattle protesters, an off-shoot of the anti-corporate Occupy Wall Street movement, demonstrate at the Port of Seattle in Seattle, Washington, U.S., on December 12, 2011
PHOTO: BLOOMBERG
writes, companies were mostly stable and reasonable expectation and people rose
economic disaster that they have managed to bring about, with huge payoffs and with new roles advising governments how to prevent such economic disasters
present by the
slow to change. Lifetime employment was a through the ranks. psychopaths identiable because
Date: Jan
Loan No and Title: 2429 VIE - Song Bung 4 Hydropower Project Single Stage One Envelope
Invitation No: ASB4/ADB/ICB/TB-04. Mode of Procurement: ADB Contract Package-TB04: Supply, transportation, storage and
This stable environment meant corporate as would their undesirable selsh be noticeable managers and
of
egotistical
highly dynamic corporate environment if there ever was one, especially when the rms transformed themselves from private partnerships into public companies with quarterly reporting requirements the
unaected by the corporate collapses they cause. chaos themselves These as glibly psychopaths unbothered
and has been downloaded 9,440 times in the past 90 days. Apparently this is a lot for an academic article and it is more than the next he wrote. prevent
those who have lost their jobs, savings and investments, about what they have done. They cheerfully lie about their involvement in events, are very convincing in blaming others for what has happened and have no doubts about their own worth and value. They are happy to walk away from the economic disaster that they have managed to bring about, with and as lacking any regrets
around
them,
unconcerned
about
four most downloaded papers combined, He also has a prescription for how to psychopaths of power on from Wall ge Street ing into and
of a
Reference Name of Bidders China National A Electric Engineering Co., Ltd. B CMEC and TFZXSD Consortium China National C T echnical Import & Hydrochina D Export Corporation
US$30,688,978
US$30,688,978
US$26,493,710
US$24,591,865 VND62,415,051,619
US$28,551,060
US$25,981,060
VND19,468,083,520 US$31,570,513
US$32,391,515
positions
VND7,632,555,556
VND7,632,555,556
Psychopaths Theory of the Global Financial Crisis, these men were able to inuence to wield considerable power. the moral climate of the whole organization They largely caused the crisis because
elsewhere. signicant
II - Rejected Bids Reference Evaluation Reasons Failed to provide adequate evidence of General Experience and Experience in Key Activities Conflict of interest with Bid-B
Anyone who makes decisions that aect numbers issues of corporate other people, social
concerning
Rejected
responsibility or toxic waste, for example, or employment, should be screened to make sure that they are, at the very least, not who care about others, he wrote.
Rejected
Failed to provide signed original Letter of Bid Conflict of interest with Bid-A
C E
Rejected Rejected
self enrichment and self aggrandizement to the exclusion of all other considerations has concept of noblesse oblige, equality fairness, , responsibility . led to an abandonment of the old fashioned or of any real notion of corporate social Boddy doesnt name names, but the type
Reasoning aptitudes
that the theory is relatively untested and would benet from further development and
psychopaths and at most are actually people Makes sense to me. BLOOMBERG (William D. Cohan, former investment
III Bid Ranking Reference D F Final Ranking 1 2 Evaluated Price (US$ Equivalent) US$30,537,378 US$33,386,065
research into the personalities and moral reasoning aptitudes of the leaders of the companies that got into serious trouble in the nancial crisis.
of personality he describes is recognizable to all from the nancial crisis. He says the unnamed they seem to be
IV - Contract Award
How Goldman Sachs Came to Rule the World, is a Bloomberg View columnist. The opinions expressed are his own.)
The succesful Bidder: Hydrochina Huadong ALSTOM Accepted Contract Amount: USD 29,195,419 including VAT CIT , Duration of Contract: 33 months.
WORLD
31
ransoms for many, many years," O'Connor told reporters. really "Our ensuring we focus at the that
paying
Rodwell, who was seized from his home in the southern town of Ipil on December 5, urged authorities freedom. "To to do all they can to secure his my family, please do
everything
Rodwell released. That should be our focus, that is our focus and the embassy's happens." Noel possibly can to ensure that that On Wednesday Major General Coballes, the local doing everything it
can
to
Mr
do
whatever to raise the two million US dollars they are asking for my 53-year-old former soldier said in Morning Herald. in the release as soon as possible," the the video obtained by the Sydney "T the Australian embassy here o Philippines, this is your
army
originally from Sydney, tried to fight back and was hurt when he was shared with Gutang. snatched from his home, which he The newspaper said it had four
constituent appealing for his life, his safety. Please help facilitate. "I was former army of my country
photos of Rodwell that show him with a wound on his right hand while his left hand is in handcuffs. December It said they 12, but it were his taken on
with
condition possible
alive, please Madam ambassador," lasted less than two minutes. sent by the
that
Rodwell was being held by the Abu Sayyaf, an Islamic extremist group founded in the 1990s with seed money from Al-Qaeda. the worst terror
was
The Herald said the video was Filipina kidnappers wife Miraflor to
Rodwell's
in
right to land in the 27 nation EU in extreme cases, according to the Europeans. State media has
which has angered the US and Chinese governments and airlines Sunday after the
scheme,
Eastern the
previously
Union s highest court rejected a last month. cooperate Union trading of the China,
European
infringes
order by Hong Kong Airlines for aircraft earlier for this year in
blocked
on
with the
scheme),
said
(emissions Chai
European
underscoring the potential for a significant trade row. The Airlines for America
Association, which represents the country s airlines. Chinese against practice ETS, The CATA, the on behalf of
Transport
percent global
aviation
will not pass any additional costs to passengers for now, since they are scheme. not participating in the
airlines,
international Chai
of
EU s
is
strongly
will have to pay for 15 percent of the polluting rights accorded to them in 2012, the figure then
Beijing,
rising to 18 percent between 2013 and 2020. China has said it fears its
them (EU countries), how could we charge customers such fees? he said. the
We re
not
cooperating
with
Chinese the no
but
EDITOR-IN-CHIEF: NGUYEN QUANG THONG DANG THANH TINH DEPUTY EDITOR-IN-CHIEF: DANG VIET HOA -
248 Cong Quynh St., Dist. 1, HCMC. T el: (84-8) 3 925 5738 - Fax: (84-8) 3 925 5901 - Email: editor@thanhniennews.com Thailand bureau: 38/105 Asoke Place Building, Asoke Montri Road (Sukhumvit 21), Klongtoey, Watthana, Bangkok 10110
Head offices:
218 T ay Son St., Dong Da Dist., Hanoi. T el: (84-4) 3 857 0897 - 3 857 0981 - Fax: (84-4) 3 857 0948 - Email: tshanoi@thanhnien.com.vn - ISSN: 0866-8329
DANG THI PHUONG THAO - NGUYEN NGOC TOAN THANH NIEN ENGLISH EDITION
Singapore bureau: 1 Peal Bank, #26-09 Singapore, 069016 T el/Fax: (+65) 62240810 - Email: tnsingapore@thanhniennews.com Thanh Nien is published by Thanh Nien Media Group,
MANAGING EDITOR: PHAM THE VINH CHIEF DESIGNER: BUI DINH LAM
Overseas distributor: Xunhasaba Company - T el: (84-8) 3 824 1320 - 3 829 2900 Fax: (84-8) 3 824 1321 - Email: export@xunhasaba-hcmc.com.vn
Publication Permit 607/GP-BVHTT dated December 3, 2001, issued by the Ministry of Culture and Information. ,
Vietweek: Publication Permit 2247/GP-BTTTT dated December 22, 2011, issued by the Ministry of Information and Communications. Printed at Thanh Nien Printing House (HCMC) ,
WORLD
32
submarine during the "Velayat-90" navy exercises in the Strait of Hormuz in southern Iran on January 3, 2012,
PHOTO: AFP
Iran,
the
United
channel at the entrance to the Gulf through which 20 percent of the world s oil ows, if it is a sanctions block its oil exports. acked or er
sanctions what
agreement had been reached on an EU embargo of Iranian oil. Washington the hailed of the
saying
with
diplomats
activities being used to develop atomic weapons. saying On Iran its denies that allegation,
they
to
believe
punish
are
Tehran
nuclear
for
to
Washington hoped the sanctions would be backed by more nations. These (EU measures) are the
preliminary
nuclear
program
is
to
to see not just from our close allies and partners in places like Europe but world, We from she said. countries believe around the is
of
types of missiles designed to sink enemy warships. The United States has dismissed would continue its regular
Wednesday
domestic currency market, with the rial a er it fell to an all time low on following the the new
turmoil
the
country on
its
the threat against its navy, saying it warship deployments to the Gulf. second biggest oil exporter a
(the ministers meeting) I hope that Iranian oil exports. adopt this embargo on
It s at this occasion
consistent said.
do
with
tightening
that
this
she
the
go to China next week to discuss sanctions bank. Iran against Iran s central
insisted the currency volatility had ordinary Iranians were becoming increasingly nation s economic future. nervous over their
government
signicant amounts of Iranian oil mainly Spain, Greece and Italy needed alternative solutions. I think we to be provided with
oil sector.
imposed
sanctions nuclear
for military conict between it and the United States pushed oil prices sharply higher. Texas
coincided
for
program
that
increasingly
New York s main contract, West Intermediate in February, (WTI) jumped for
delivery
savings by buying dollars only to low rate hastily imposed by the central bank. The West is a of its
and
this year, sharpening the rhetoric France and the United States are
the
he
to have presidential polls, in April and November, respectively . to be held in March. AFP In Iran, legislative elections are
during trade to $103.74, a level last touched on May 11. The contract from Tuesday s closing level. In London Brent fell back to $103.22, down 26 cents North Sea
Department
harder blows to Iran by blocking much with stopping other oil nations exports bank, dealing which
railed against the permanent US presence in the Gulf and warned the would be unleashed if a US aircra full force of Iran s
crude for February rose to $113.97 per barrel, its highest level since November The $113.70, up $1.57 from Tuesday . United States and 14. It later stood at
navy
Iran s
central
carrier tried to enter the waterway . Iran has also threatened to close
other
account
for
80
SUBSCRIBE NOW!
to
Pay just VND306,000 for one year (50 issues). Please call (08) 3 925 5738 or send your information (name, address, and phone numbers) to:
subscription@thanhniennews.com
Period 1st quarter 2nd quarter 3rd quarter 4th quarter
Some, but not all, of any displaced volume could move into China as well as other Asian countries and Africa, he said. Iran was unlikely just to store crude on tankers as
700,000 bpd, of Iran's oil steams half that volume is shipped to Europe, roughly 200,000 bpd moves into Turkey and the
Number of issues 11 13 13 13
that was only a short-term solution. would remain unchanged this year. from our lifters, so we have the "We've got very high demand He said he expected shipments
remainder is routed into Africa. estimates Iran exports about Union. REUTERS
We offer home delivery in most districts of Hanoi and Ho Chi Minh City. In other localities, please subscribe to Vietweek at the nearest post office.