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Wednesday, May 30, 2007

The History Of Me Linh Square

The History
Of Me Linh Square

The tides of history are reflected in the use of a park in the center of HCM City

By Tran Tan My

The term Me Linh reminds Vietnamese of two national es, the sisters Trung Trac and Trung Nhi. The sisters led a revolt against the tion of the Han Emperor from China. Trung Trac’s husband, General Thi Sach, was killed by the Han rulers because he did not submit to them. In the year 42 A.D., Trung Trac and her younger sister, Trung Nhi, started a resistance movement against the Han rulers and quickly drove them out of Vietnam.

She then proclaimed herself empress and settled in Me Linh, making it the capital of Vietnam. Three years later, the Han emperor assigned famous general Ma Vien to Vietnam to suppress the revolt and reinstate the Han rule. The two sisters could not stand against Ma Vien’s strong army and were pushed to a critical situation in Cam Khe. They drowned themselves in the river rather than surrender. Their feats and spirit have been warmly remembered by Vietnamese.

In HCM City, Me Linh Square is on Ton Duc Thang Street facing the Saigon River. The square stands near the Me Linh Point Tower and the Renaissance Riverside Hotel. Hai Ba Trung and Thi Sach streets, names linked to the sisters, also start there.

Under French rule, the square bore the name Rigault de Genouilly, after a commander of the French navy in the Far East. De Genouilly’s navy, together with British troops, attacked and seized Guangzhou in China in February 1857. In August of the same year, De Genouilly moved his navy southward and attacked Danang as a show of French strength and to protest the Nguyen Dynasty’s ban on Christianity in Vietnam. In February 1859, Vice Admiral De Genouilly commanded the French troops in an attack to seize Gia Dinh, the protective citadel of Saigon, marking the beginning of the French takeover of Vietnam. De Genouilly then returned to France and won a seat in the French parliament in 1860. In 1864, he became minister of the navy and the French colonies. He died in 1873. In 1879, a bronze statue of De Genouilly was erected at the present site of Me Linh Square. During the August Revolution in 1945, Vietnamese patriots took the statue away and the French rulers could not regain it.

At the Me Linh Square today is the statue of Marshall Tran Hung Dao, a Vietnamese general under the Tran Dynasty in the 13th century. Tran Hung Dao defeated the strong Mongol troops three times during their invasion into Vietnam. He has been recognized worldwide as a top military strategist and is someone Vietnamese are very proud of.

One big issue about the square is whether, as its name suggests, it should have the statues of the Trung sisters instead of Marshall Tran Hung Dao. In fact, the statues of the Trung sisters were erected there in the early 1960s under the regime of President Ngo Dinh Diem. The Saigonese at that time thought that the face of Trung Trac looked like Madam Tran Le Xuan, wife of advisor Ngo Dinh Nhu and sister-in-law of President Diem. The Diem regime, which was criticized for nepotism, collapsed in 1963. Diem and Nhu were killed. At that time Tran Le Xuan was not in Vietnam. She had to live abroad until the end of her life. The statues of the Trung sisters were destroyed, and the statue of Marshall Tran Hung Dao was erected at the square instead.

In HCM City now there is a solemn temple dedicated to the Trung sisters. The temple, on Hoang Hoa Tham Street in Binh Thanh District, has a pair of white elephants. The sisters used to ride elephants into battle with the Han troops.

In the center of Me Linh Square today is a beautiful park with colorful flowers. Many Saigonese go there for physical exercise in the early morning or to enjoy the fresh breeze from the river in the hot afternoon.
TOURISM NEWS

Business goes well for Saigontourist Travel Service

In the first four months of 2007, Saigontourist Travel Service looked after 77,000 travelers, with international tourists numbering 42,569 and domestic tourists who booked for both inbound and outbound tours totaling 34,508. There were over 3,100 tourists going on high-end Premium Travel tours, up 18% against the time last year. Saigontourist is the leader in the tourism industry, and in the international and local travel business. As to its international travel business, in the first four months tourists going on cruises went up 300% and those traveling by air soared 45%, helped by an 80% jump in business involving the French market.

The Premium Travel tours to Nha Trang, Halong Bay, Danang, Dalat, Europe, Hong Kong, Australia, Japan, Korea and the U.S. were strongly supported. Several tours had big increases, including over 4,000 more tourists going to Cambodia, tours to China being up 35%, and a big demand for package tours to Phan Thiet-Dalat, Hue-Hoi An-Danang, and tours covering all of Vietnam. MICE (meetings, incentives, conferences and events) tours attracted over 1,500 international tourists, and over 2,000 local tourists. A total of 3,000 tourists took MICE tours to Malaysia, Portugal, China, Korea and Japan.

Besides its current website of www.saigontourist.net, Saigontourist Travel Service has opened two new websites, being www.dulichhe.com and www.blogdulich.com.

Saigontourist Travel Service
Add: 49 Le Thanh Ton St., Dist. 1, HCM City
Tel: 8279279, email: info@saigontourist.net

2007 Childhood Smile

For Children’s Day on June 1, Van Thanh Tourism Park will offer a buffet with over 50 special dishes. The children can play and at 5 p.m. the buffet will open. Many folk games will be on show, such as beating the pig blindfolded, painting statues, shaping to he (dough toy), and many more. A game show will be included, named “Singing with the Baby Cicada,” and there will be many gifts. Finding Nemo and Shrek programs will also be on stage. The whole program is priced at VND109,000/adult and VND69,000/child, and a gift will be offered to every child at the entrance.

Van Thanh Tourism Park
Add: 48/10 Dien Bien Phu St., Binh Thanh Dist., HCM City
Tel: 5123026

SaiGonTimes

Int’l football academy gets off ground in Gia Lai


The Hoang Anh Gia Lai (HAGL) Football Club broke ground yesterday for an international football academy in the central highlands province of Gia Lai in collaboration with the English club Arsenal.

The club’s president Doan Nguyen Duc told the Daily after the ground-breaking ceremony that some US$4 million would be spent developing the HAGL-Arsenal-JMG academy, which will be up and running in six months’ time.

The five-hectare academy, around 10 kilometers from Pleiku City, will have two training grounds, 30 twin rooms for trainees, coaches and experts, as well as dining rooms and a health club.

Duc said that recruitment would start in April for youths in Vietnam and elsewhere in the world. The first training courses are scheduled to begin in September this year and the selected candidates will be trained free-of-charge.

“Arsenal experts will select 16 candidates among some 10,000 applicants for training in line with the standards of the English club at the academy,” Duc said. He added the candidates would be taught academics and English before they became professionals.

Duc revealed that Arsenal experts said that the players trained at the academy would be able to join Vietnam’s national football squad for international games.

Keith Edelman, managing director of the Arsenal Football Club, told reporters after the ground-breaking ceremony that the academy would train talent for playing in Europe so they would be qualified for the Vietnam team. He expected some 70% of the footballers trained at the HAGL-Arsenal-JMG academy would be for the team.

“I believe the academy was a very important development for the future of football in Vietnam and we are confident we will produce some world football stars of the future and also future Arsenal football club players,” Edelman said.

He explained that Arsenal was encouraged by the HAGL Football Club’s president Duc’s strategic vision in partnering with the English Club and JMG in the development, but it would be several years before this project yielded the results. “We all want to achieve and we are impressed with Mr. Duc’s foresight in joining with us in this venture.”

Edelman strongly believes that the HAGL-Arsenal-JMG academy will be successful.

Explaining the decision to opt for Arsenal, Duc said that with a famous training system in England as well as in developing nations, Arsenal would help HAGL train players.

The academy is part of the strategic cooperation agreement HAGL Corporation will sign with Arsenal today in HCMC. Duc said it took his company six months to talk with the English club before the two sides could ink it.

The agreement is outlined in HAGL Corporation’s strategy to expand the presence of its football club and business activities in Europe after achievements in Vietnam and other parts in Southeast Asia.


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Monday, May 28, 2007

HAGl-Arsenal Academy starts first Viet selection

Foreign experts associated with the joint venture Arsenal Football Academy in Vietnam started their first recruitment in Central Highlands province of Dak Lak from May 26-28. This national, pre-qualification stage will last till July. Only 16 applicats will qualify and be recruited for a seven-year training program at the Hoang Anh Gia Lai – Arsenal Academy.

In the first day of selection in Daklak, four out of 50 boys met technical requirements from the experts Robert Procureur and Guillaume Graechen, who will continue their job in other provinces. The four 11-year-old children are A Thuyn Mlo of Ede ethnic minority, Nguyen Van Lam, Doan Quoc Viet, and Nguyen Duc Thanh, Thanh Nien newspaper reported.

It is estimated that up to 20,000 boys from across the country will be tested in the pre-qualifiers. The 16 finalists will benefit from the free training course, with the first session to start late this year, and the players’ parents will receive 10 percent of their transfer fees after graduation, according to HAGL.

They will live, learn football, and follow an academic curriculum at the academy – a joint venture between Vietnamese top-flight V-League club HAGL and the world-famous English club Arsenal. The five-hectare school – with two stadiums, a building with 30 double rooms, and space for other facilities – costs US$4 million equally shared by the two partners.

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Friday, May 25, 2007

Vietnam software industry and big opportunity


VietNamNet Bridge – Vietnam can become the country which has its software copyright infringement rate decreasing at the fastest rate in the region next year as it signed cooperation and software copyright purchasing agreements with Microsoft on May 21.



Speaking to the press after the signing ceremony, Deputy Minister of Post and Telematics Vu Duc Dam confirmed: the Vietnamese government always commits to respect software copyrights and is seeking solutions to basically and quickly reduce the software copyright violation rate.



The contract to buy copyrights of Microsoft Office software for government agencies of Vietnam has a three-year duration. After this period, the two sides will re-consider the contract. However, the government doesn’t want to have a monopoly in this field but to create a competitive environment for businesses and the community.



This is also shown through the agreement between the Bank for Investment and Development of Vietnam (BIDV) and Microsoft, which allows the bank to own 6,000 licences for the use of Microsoft Office Standard 2007 and any version of this software in the next three years. In addition, employees of the bank are also permitted to use those products legally at home.



Mentioning the rate of software copyright violation in Vietnam, Jeffrey Hardee, Vice Chairman and Chief Executive Officer of the Business Software Alliance (BSA) said: “Vietnam has clearly shown its seriousness in protecting intellectual property and reducing the software copyright violation rate. With the agreement signed between the Vietnamese government and Microsoft, Vietnam’s software copyright violation rate will reduce remarkably next year and perhaps Vietnam will be the country with the highest reduction in its software copyright violation rate in the region next year.”



At the meeting with the software developer community of Vietnam, Microsoft CEO Steve Ballmer emphasised that there were many more opportunities for software developers and Vietnam had the biggest opportunity to create a difference. Vietnamese software companies and the Vietnamese software industry will receive big assistance from Microsoft to improve skills, ability and to reach the world market.



The cooperation agreement with Microsoft focuses on the building of a strong local software industry with various programmes, including:



- Establishing a fund to develop Microsoft’s information and communications technology (ICT) in Vietnam. This fund is considered a significant investment fund for cooperation and implementing development programmes for Vietnam’s ICT sector.



- Helping 20 independent software providers to develop high-quality software products to meet market requirements. Specifically, these firms will be helped to have 1-2 new projects each year, to develop skills, to attract adventure investment and develop the regional and international market.



- Setting up exchange projects with the industry sector through encouraging interaction and development of at least 12 big projects a year, with 21 projects developed and commercialised by 2010.

Yamaha to sponsor Vietnamese football


Yamaha Motor Company will soon become a sponsor of Vietnamese football with an announcement of financial assistance to the men’s and U23 teams.
The Japanese company will soon sign a one-year contract with the Vietnam Football Federation.

Its value has not been revealed yet but is likely to be more than the US$200,000 paid by the first sponsor, roof tile manufacturer Hoa Sen

Vietnam players named for Beijing Olympic qualifier


The coach of the Vietnamese national U23 football team named Friday 20 players to a training camp starting Friday to prepare for an Olympic qualifier against Indonesia at home on June 6.
Alfred Riedl dropped goalkeeper Thanh Tung and midfielders Quang Tinh, Duy Nam, and Mai Tien Thanh who are all sitting on one yellow card from the previous match.

He has named two newcomers – midfielder Phung Cong Minh of Binh Duong and striker Tang Tuan of Hoang Anh Gia Lai, the top scorer at the national U21 championship in 2005.

In the away fixture in March, Vietnam edged Indonesia 1-0.

A draw with Indonesia is enough to secure the team one of the two places from group A at next year’s Beijing Olympics. It has nine points from five games.

List of 20 players:

Goalkeepers (3): To Vinh Loi, Tran Duc Cuong, Nguyen Thanh Binh

Defenders (6): Doan Viet Cuong, Long Giang, Mai Xuan Hop, Van Bien, Nhat Tan, Chau Phong Hoa

Midfielders (6): Minh Chuyen, Vu Phong, Cong Minh, Dong Huy Thai, Quy Suu, Ngoc Dieu

Forwards (5): Cong Vinh, Thanh Binh, Phuc Hiep, Anh Duc, Tang Tuan

Results of Vietnam’s games at Asian Olympic group A:

February 28
Vietnam – Lebanon
: 2-0

March 14
Indonesia – Vietnam
: 0-1

March 28
Oman – Vietnam
: 3-1

April 18
Vietnam – Oman
: 2-0

May 16
Lebanon – Vietnam
: 1-0

June 6
Vietnam – Indonesia
:

Vietnam businesspeople get card for visa-free travel


Vietnam has issued APEC Business Travel Cards to 352 businesspeople, according to its Immigration Department, enabling them to travel in the Asia-Pacific region without visas.
Besides traveling without visas or entry permits, cardholders can also enjoy express immigration clearance through special APEC lanes on arrival and departure, and multiple entries for a stay of up to two or three months each time.

The travel card contains personal identity details and is valid for up to three years for multiple, short-term business visits by citizens of APEC members.

The Vietnamese Immigration Department began to issue the cards last November and has so far received 855 applications.

Eligible candidates include entrepreneurs from state-owned companies, including chairpersons, general directors, and deputy general directors, and directors and deputy directors of other companies, banks, industrial parks, and export processing zones.

To qualify for the usage of the ABTC, applicants must be actively involved in business for which their frequent presence in the countries is accounted for.

Information given by applicants will be distributed to all member countries for pre-clearance status.

The ABTC system has been in operation since 1997 and comprises 17 members - Australia, Brunei, Chile, China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Papua New Guinea, Peru, the Philippines, Singapore, Taiwan, Thailand, and Vietnam.

Reported by dattai
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Vietnam estimates May trade deficit at $700 mln


Vietnam estimated Friday its trade deficit in the first five months of the year more than doubled to $3.25 billion from a year earlier, due largely to a surge in imports for the construction of state projects.
in May alone the deficit was estimated at $700 million, up more than 27 percent from last month's shortfall, the General Statistics Office said.

In the first five months of 2006 the deficit stood at $1.54 billion. In May 2006 the office estimated that month's deficit at $400 million.

The trade report showed imports of machinery, mainly for big government projects including Vietnam's first $2.5 billion refinery and new power plants, rose 45 percent in the January-May period from a year earlier.

The imports of steel and steel ingots in the first five months were also expected to jump 64.7 percent from a year earlier to $1.7 billion on the back of robust demand from the construction sector.

The Trade Ministry has projected the trade deficit this year would reach $4.66 billion, with exports rising 22 percent from last year to $47.54 billion and imports hitting $52.2 billion.

Source: Reuters

Lost in Halong


VietNamNet - When the bus pulled up to the departure point for Halong Bay I was a little put-off by the incredible number of tourists. But I had heard that Vietnamese drive boats the same way they drive motorbikes and I was looking forward to that.



As it turns out, the bay of 3,000 islands proved big enough to avoid other tour groups once we left the harbour. After a stop at a secluded beach it was time to go kayaking.


A British guy in the group claimed to be an expert kayaker, who had braved furious rapids for years. I wasn’t an expert kayaker by any means, but I had done it enough to speak of it casually, which is what got him started on his rant.


“It’s just like a canoe,” I said.
“A canoe?” yelped the expert. “It’s not at all like a canoe. It’s a kayak!”


Our guide gave us the kayaks and told us to be back in an hour. The only rules were no leaving the kayak and no swimming. There were three groups: myself and a Swedish girl, two British, and a German couple.


We took off for a set of karsts that looked like none of the other tour groups had gotten to yet.


It was exciting to paddle up close to the edge of one of the islets. The limestone facade jutted out of the water – seemingly from nowhere – and reached into the sky.


We paddled through a tunnel in one of the karsts and found ourselves inside a large alcove, surrounded on all sides by a tall oval island. We floated around without talking or paddling. The slapping of the water against the sides of the kayaks was all that caused a slight echo.


There was no one else around so we decided it was time for a swim. We had a long pleasant swim around our inlet and back into the cave. The sun began to set and we decided we had better get back to the boat before it was dark.


We all got back in our kayaks easily except the two British people, who capsized the kayak and lost a set of glasses and a mobile phone. They claimed to have been stung by a jellyfish.


“A jellyfish! Can you believe that?”


After a laugh we took off, in hope of finding the boat before we lost the sun.


Once out of the cave we paddled in the general direction of the boat but we couldn’t quite remember where it was. The sun had gone down and we had to circumvent some islands that none of us could remember or see. The Germans were strong and shot out ahead of us. I was paddling hard but couldn’t keep up and the two Brits fell even farther behind.


By the time we had turned a corner to where we thought the boat was, we had completely lost the light and couldn’t see our boat. We did see a few boats in the distance and we chose the middle one and paddled for it. But the boats were moving and we lost which one we were paddling for.


For a long while we paddled from boat to boat without finding the right one. I was a little worried and my arms were tired but it was also stirring to paddle around the karsts in the dark. We had no sense of direction and no idea where we were going.


I was a little disappointed when I saw our guide come paddling up to us with a flashlight. He directed us back to the boat and went out after the two missing British. I was jealous. They got really lost and weren’t back for another hour.


That must have been fun. And that’s how it is in Vietnam: it’s not all tour-guides, fanny packs, and tourists. If you explore a little bit you might just find yourself out on your own. You might even find yourself pleasantly lost.
Vietnamnet

Big-name fashions flock to Vietnam


VietNamNet Bridge – In the past several months, everyone who passes the HCM City Theatre has been impressed by a wall with the image of a young girl with curly hair and seductive smile ‘showing’ her Louis Vuitton bag.



Louis Vuitton is urgently completing the last works to inaugurate its luxurious store at the centre of HCM City. At the same time, CK, a famous fashion brand of the US, will open a shop in HCM City in mid May.



However, it is predicted that the path to success of those firms in Vietnam will not be easy.



CK comes to Vietnam when Spain’s Mango has stirred a ‘light fever’ among young people. A famous fashion designer in HCM City said that though she gave priority to locally-made products she is a ‘fan’ of Mango.



‘Burning’ money for products of famous names



Besides Mango, CK will have to compete with many other big names of fashion at HCM City’s centres for fashion, the Parkson and Diamond Plaza.



The two above shopping malls have Ungaro, Timberland, Guess, Valentino Rydy, Guy Laroche, Alain Delon, and Levi’s. Fashion connoisseurs favour Parkson over Diamond because of trust of in the origin of its products.



People who come to Parkson to really go shopping are foreigners, businessmen, and high-income State employees and children of rich families.



Products with famous brand names are not scarce in Vietnam but fashion connoisseurs still want to go shopping at official shops. Without official distributors, fashion products of famous brand-names are imported into Vietnam in a scattered form or by individuals, which are often out of fashion.



How to gain success?




CK has selected its distributor in Vietnam, the C&T International Joint Stock Company. Before joining hands with CK, C&T was the distributor of Laneige cosmetics of the Republic of Korea, Lolita Lempicka perfume of France, Tony Wear clothes of the US, and O.P.I nail products of the US.



A fashion expert said that like other firms, it would be difficult for C&T to attract a high and stable number of customers because top-tier fashion business in Vietnam is still considered ’risky’.



"Fashion is a sensitive product that is related to consumers’ psycho-physiology. Nobody can measure the trend of fashion in Vietnam now. The taste of consumers for seasonal fashion is not clear as well," the expert analysed.



To reduce prices in Vietnam, foreign fashion firms often cooperate in different forms with Vietnamese partners, for example, Pierre Cardin with An Phuoc, Valentino Rudy with Danti Co., Ltd.



According to Dang Ngoc Tinh, Director of Danti, his company worked as an agent for Valentino Rudy since 2001 and was franchised to use this trademark in 2005.



Paying franchising fees on an annual basis, Danti can place orders with the mother firms for designs and materials suitable to Vietnamese customers.



“With the franchising contract, I can establish a company to produce fashion products named Valentino Rudy but I don’t think of it at this moment because it is not simple to produce on the spot,” Mr Tinh said.



Danti currently has four shops in Hanoi and HCM City selling trousers, shirts and vests, mainly serving businessmen.



Foreign tourists who stay at luxurious hotels are the targets of famous fashion firms when they come to Vietnam. The Sheraton Hotel in HCM City is one of the five-star hotels that have many shops with famous fashion names such as Milano, Dolce & Gabbana, Versace, Moschino, Roberto Cavalli, and René Caovilla.



Dang Tu Anh, marketing manager of Milano shop, said that she hired shops in the Sheraton to sell imported fashion products like bags, footwear and clothes to mainly serve foreign travelers.



To protect its brands and images in Vietnam, CK has invited the US’ Baker & McKenzie to protect its interests in Vietnam.



Before CK comes to Vietnam, shops that sell CK imitated products have been warned to immediately stop their operations. However, an expert on intellectual property said that it would still be a fierce battle for famous fashion firms to fight against imitation products in Vietnam.

Tuoitre

Telecom, broadcasting, IT exhibition opens in Hanoi


VietNamNet Bridge – The International Exhibition on Telecom, Broadcasting and Information Technology 2007 (TBI Vietnam 2007), the first of its kind in Vietnam, opened on May 24 at the Vietnam Exhibition Centre in Hanoi.



Closing on May 27, TBI Vietnam is being held in Hanoi for the first time. It introduces advanced technologies and new technological solutions in the fields of telecom, television and broadcasting and IT.



The organising board said that TBI Vietnam 2007 was only the first of many exhibitions to come introducing the world’s advanced technology to Vietnam.



TBI Vietnam 2007 is co-organised by the Voice of Vietnam Radio (VOV), the Vietnam Television (VTV), and the Hanoi International Advertising and Fair Company (Hadifa).

Vietnamnet
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Oil billionaires interested in Vietnam’s real estate


VietNamNet Bridge – The interests in Vietnam’s real estate of billionaires from oil exporting countries like Saudi Arabia, Qatar and Bahrain is a new phenomenon but the Republic of Korea will still be the top investor in Vietnam’s real estate market.



The Kingdom Hotel Investment group of prince Alwaleed bin Talal bin Abdulaziz Alsaud fired the first shot to open the capital flow from oil producing countries in the Middle East to the Vietnamese real estate market when it decided to buy the Vegas tourism project of the Magnum Investments Company in the central city of Da Nang.



The group plans to invest US$65 million to build a 150-room hotel and 15 villas on 15.4ha of land, which are scheduled to be put into use in 2011, named Raffles Resort.



The logistic sector is also attractive to investors from the Middle East. After merging with Britain’s P & O Ports group, the Dubai Ports World group has officially entered Vietnam through a port project in HCM City with a total investment of $230 million.



In addition, the Sama Dubai group is negotiating the construction of the Cua Dai bridge in the central province of Quang Nam and has expressed the wish to participate in the Binh Quoi – Thanh Da urban area project in HCM City.



“Around 20 investors from Dubai, Qatar and Bahrain are seeking opportunities of investment in Vietnam. They not only target to the logistic industry like container ports but also seek investment opportunities at new residential areas in Hanoi, HCM City and even in the central region,” said Marc Townsend, General Director of CB Richard Ellis, a real estate service company.



According to CB Richard Elllis, investors from the Middle East are big groups which have implemented huge real estate projects in their countries and are expanding investment to Asian countries.



For example, the Kingdom Hotel Investments is purchasing a series of hotels, resorts, and luxurious apartment buildings in Thailand, the Philippines and China.



“Oil kings are targeting China and Singapore but they mainly focus on the Vietnamese market because this is a new and potential market,” said Mr Marc Townsend.



This is also confirmed by prince Alwaleed bin Talal bin Abdulaziz Alsaud in a press release issued after his group bought the tourism project in Da Nang: “Vietnam is one of the fastest developing economies in Asia and ranks the sixth for tourism development according to forecast of the World Travel and Tourism Council. With the fast growth of tourism, entertainment and business, we will build a high-class hotel here”.



According to Marc Townsend, oil billionaires are very serious in choosing Vietnam as a destination and they are surveying and negotiating with localities and the Vietnamese government. However, as projects are in negotiation process, their details can’t be revealed. In addition, oil billionaires can’t easily obtain projects.



“This is similar to Malaysian investors. Groups like Gamuda Land, Berjaya and Sertia have signed memorandums of understanding on investment in big real estate projects in Hanoi and HCM City but so far none of them have been implemented because negotiation and investment formalities are still being performed,” Mr Marc Townsend said.



While investors from the Middle East, Singapore, Japan and Malaysia are seeking opportunities, Korean investors are emerging as the leading investor in the real estate market of Vietnam and they will still be at this position in the future when new projects are signed.



Big names in this field are Posco E & C with the $212 million Bac An residential area project, Kumho with $230 million Asiana Plaza Saigon project, the West West Lake Co, Ltd with $314 million West West Lake residential area project and Booyoung with $171 million apartment project in the northern province of Ha Tay.

Thanh Hoa Chairman: $30bil steel project dazes me!


VietNamNet Bridge – The news about the $30bil steel project in Thanh Hoa province has dazed many people, including the chairman of Thanh Hoa Province, as the figure of $30bil is three times more than the total foreign direct investment (FDI) capital in 2006.

Unclear who is the $30bil steel project investor

$30bil steel project in Thanh Hoa?


Nghi Son EZ
The Chairman of Eminence group has many times confirmed the huge sum of capital of $30bil for the steel project in Nghi Son Economic Zone in Thanh Hoa Province, which will consist of a steel complex and supporting works.

In his presentation, the chairman said that the steel complex alone would cost $26bil, the implementation of which would be carried out in two phases. Some $8bil would be injected in the first phase, 2007-2013, while the other $18bil, in the second phase, 2013-2020. Once operational, the project would create 10,000 jobs, while the steel mill can churn out 30mil tones of steel a year.

Nghi Son EZ management board hoping

Le Dinh Tho, Head of the Nghi Son EZ Management Board, said: “In February 2007, Yang Wu Song, Chairman of Eminence, and his delegation came to suggest a steel project. Investment projects should be encouraged, but all of us were dazed when the investor announced the sum of investment capital.”

Mr Tho said that previously Eminence went to Ha Tinh Province, also in the central region, to seek investment opportunities, but it gave up later due to some reasons.

“Normally, after we show investors the location and premises for projects, they will tell us their opinions. However, Eminence asked to go directly to the point right after they were showed the location. I asked Eminence group why they did not make a thorough survey of the site and they said that they had surveyed themselves before and wanted to make investment at once,” Mr Tho related.

He said that after hearing the first presentation by Eminence experts about the project, he and other members of the management board raised a lot of questions: Why has Eminence chosen Nghi Son EZ for such a big project? Where would the capital come from? What profit and what loss would the Vietnamese side face?

Thanh Hoa authorities have been trying their best to seek more information about the investor. “As far as we know, Eminence was just established right before the planning of the project,” Mr Tho said.

At the presentation held in Hanoi several days ago, Eminence said that its founding shareholders included big names like the World Bank and ADB. “The news about the huge project has been reported worldwide, but there has been no reply. If the big names are not the real shareholders of Eminence, they would deny the news,” said Mr Tho.

Thanh Hoa Chairman: the huge project dazes me!

Nguyen Van Loi, Chairman of the Thanh Hoa People’s Committee, said that he was shocked when hearing about the huge sum of investment capital.

“I told Eminence’s experts to consider the investment capital thoroughly, as even a 3-4mil tonnes/year mill would be considered very big. However, they said that they were capable enough to build a mill which can churn out 30mil tonnes a year.”

When asked about the capability of Eminence Group, Mr Loi has admitted that he does not know much about that. What he knows very well is that the investor proves to be engaged in the project. With the willingness to welcome investment, Thanh Hoa authorities agreed to join Eminence and organise the presentation in Hanoi several days ago.

According to Mr Loi, this is a very big project, which has never been seen in FDI history; therefore, it is understandable why so many questions have been raised about the project.

“Eminence has submitted the project to the Prime Minister. I hope that the Government and relevant ministries can check the feasibility of the project soon. If the project proves to be feasible, relevant ministries should create the most favourable conditions for the project. I hope the project becomes true,” Mr Loi said.

Regarding the investment incentives to be given to Eminence’s project, Mr Loi said that the investor had not mentioned the issue. However, there would be no more investment incentives besides the ones stipulated by the Prime Minister to be applied to the investors in Nghi Son EZ.

Tien phong
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Argentina, Vietnam move closer together

VietNamNet Bridge – Argentina's Ambassador to Vietnam, Tomas Ferrari, spoke to Viet Nam News on the occasion of his country's 197th national day today.

What is the history and significance of May 25 to Argentine people?

Argentina was first explored (by Europeans) in 1516 by Juan Diaz de Solis and, towards the middle of the 16th century, the Spaniards arrived and occupied the land of the native people.

On May 25, 1810, a small group of revolutionists ejected the Spanish Crown's. Representative and then the first self-appointed Government was constituted.

Six years later, on July 9, 1816, "The United Provinces of the Rio de la Plata" were formally declared independent from Spain. The ratified Constitution of the Argentine Republic, since 1853, guided the country for 141 years, until 1994 when its various articles were updated to meet the new needs of a modern Argentina.

Nowadays, May 25 is the National Day of Argentina. The Argentine people commemorate the National Day with public meetings held by official authorities and schools around the country, flags are hoisted at public offices and houses and traditional cultural activities are organised everywhere.

How would you view the development of diplomatic relations between Vietnam and Argentina?

On October 1973, Argentina and Vietnam officially established diplomatic relations through a joint-statement, signed in Buenos Aires.

Thirty-four years on, especially in the last ten years since the inauguration of our respective embassies, our two countries have made several official visits at State, Government and Congress levels.

The leaders of our countries have advanced a comprehensive evaluation of our co-operation and political and diplomatic relationship, and discussed measures to boost them.

They have exchanged political consultations and shared and agreed in various aspects related to regional and international affairs. Both countries have upheld two-way support structures to consolidate respective positions and activities in regional and international organisations and fora, such as FEALAC, the United Nations and its councils and organisations, among others.

The first offices in the South of America of the Vietnam News Agency and VIETRADE were set up in Buenos Aires.

We are organising several activities towards the celebration of the 35th anniversary of Argentine-Vietnamese diplomatic relations next year.

A postal stamp with the national symbols or traditional costumes of both nations will be issued jointly in Argentina and Vietnam on the occasion of the anniversary.

What sectors benefit from bilateral trade between Vietnam and Argentina? How does Argentina evaluate products from Vietnam?

Argentine-Vietnamese commercial relations have improved remarkably, from around US$19mil in trade in 1997 to more than $251mil in 2006, an increase of more than 13 times.

Argentina benefits from rich natural resources with an export-oriented agricultural sector, and a diversified industrial base. It annually exports $45bil worth of mineral fuels and oils, edible oils, cereals and food residues and motor vehicles, among others.

Annual exports from Argentine to Vietnam are worth $200mil, accounting for 0.44% of Argentina's total exports, and Vietnam is Argentina's 38th largest client, Argentine soybean residues play an important role in the local feed industry.

Vegetable oils; cereals; Mercedes-Benz motor vehicles; raw hides and skins; steel tubas; beef and poultry meats; woods; dairy products; Arcor sugar and cocoa preparations and Mendoza wines. These, among others, are highly valued by Vietnamese customers.

Annual exports from Vietnam to Argentina reach $45mil, accounting for 0.11% of all Vietnamese exports, and Argentina is the 33rd largest client of Vietnam.

A wide range of diversified industrial products and handicrafts is prefered in Argentina, such as sports footwear; mechanical and electric instruments; rubber products; vehicles and accessories; garments; toys; furniture; leather products; hats; ceramics; and other miscellaneous articles.

Vietnamese and Argentine companies have recently worked together on an oil and gas project. Do you think there is more potential for co-operation in this area between the two countries?

For several years, Argentina has been providing seamless steel tubes for the petroleum industry in Vietnam. Last month, Energia Argentina S.A. (ENARSA) and the Viet Nam Oil and Gas Group (PetroVietnam) exchanged a draft MoU to co-explore and co-exploit offshore oil and natural gas in Argentina and other areas in South America.

The two Parties hope that this new initiative will become a Joint Venture Agreement in the future, as well as developing long-term and reliable co-operation. Our Governments and relevant authorities will create favourable conditions for the ENARSA-PetroVietnam partnership.

At present, Argentina and Vietnam have high potential and advantageous conditions to develop their respective oil and gas industries, and have established different methods of co-operation in this field in both countries or with a third country.

This year, Argentina celebrates the Centenary of Petroleum Discovery in Argentine Patagonia. Vietnam is a new emerging oil and gas producer, mainly from the first petroleum stream exploited at Bach Ho (White Tiger) in 1986.

As for oil reserves, the two countries have, more and less, the same estimates. Argentine is estimated to have 2.1bil barrels and daily production of 745 thousand barrels; and the Vietnamese estimate is 2.5bil barrels and daily production of 400 thousand barrels.

In natural gas, Argentina benefits more from natural resources with 612.5bil cubic meters of reserves and a yearly production of 44.9 cubic meters, meanwhile Vietnam has 192.6bil cubic meters of reserves and a yearly production of 6.3bil cubic meters.

Will you promote tourism exchanges between the two countries when you return to Argentina?

Argentina at a glance

Area: 2.8mil sq.km

Population: 40.3mil

Language: Spanish

Capital: Buenos Aires

Currency: Peso

National Flag: Horizontal bands of blue, white and blue; gold sun in centre of the white band

Around 4mil foreign tourists come annually to Argentina and Vietnam, so tourist exchange between the two countries is very limited.

Argentine tourism has grown constantly during the last 50 years, and it is one of the most dynamic sectors of the economy. With a large territory spread across South America, a wide variety of climates and geographical features, Argentina is called "The Land of Six Continents".

Over there, you can visit the Cuyo mountains; explore the great waters and virgin forest and the famous Fall of Iguazu; visit the Andes and glaciers and sample famous wines; the Patagonian Atlantic has the greatest collection of penguins, whales, sea elephants and seals.

As for Vietnamese tourism, I would be an excellent 'tourist guide'. Opening a restaurant with a tourism branch in Argentina or Vietnam for tourism exchange promotions would be an interesting idea.

After more than seven years of living here, I have travelled as an ordinary tourist to almost all the corners of Vietnam with my wife Nhu Anh and my daughters Celina and Linh, and to all the neighbouring countries.

One day I arrived at Dien Bien Phu, remembering my first meeting with General Giap at his house, right after my arrival in Hanoi in 200. I have visited Tay Nguyen and Cuu Long (Mekong) Delta provinces.

I also have been at almost all the resorts in the country. I have enjoyed an active life and business in Sai Gon, but really, I love your ancient little city of Hanoi, with its many streets and corners in the old quarters.

If Vietnam improves its historic sites, tourist infrastructure and services, it's hidden charm would be more attractive.

Vietnamnet
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President Mbeki: South Africa, Viet Nam rich in potential


VietNamNet Bridge - The South African and Vietnamese relationship holds tremendous potential for growth, said South African President Thabo Mbeki, who began his first official visit to Vietnam, on May 24.

Holding talks with Vietnamese President Nguyen Minh Triet in Ha Noi, President Mbeki expressed wish to strengthen the traditional friendship and multifaceted cooperation with Vietnam under the spirit of the "Joint Statement on Partnership for Cooperation and Development" signed by himself and the then Vietnamese PM Phan Van Khai in November 2004.

The South African leader affirmed that his country supported Vietnam’s bid for a seat on the UN’s Security Council for 2008-09 term as a non-permanent member. He also revealed a decision to admit that Vietnam’s economy is run under market regulations.

For his part, President Triet thanked the South African people and President Mbeki for their support to the Vietnamese people in the past struggle for national liberation and the present national construction cause.

He affirmed Vietnam constantly implement the external policy of diversification and multilateralisation of international relations for peace, cooperation and development. "Vietnam attached importance to strengthening and developing its relations with traditional friends in Africa, including South Africa," he said.

The Vietnamese leader applauded South Africa’s initiative to join Vietnam and Ghine Conakry in tripartite cooperation in agriculture.

The two Presidents’ talks focused on ways to expand relations in economic, trade, investment and foreign policy by working together through the United Nations and the Non-Aligned Movement.

After the talks, the Presidents witnessed the signing of a cooperation agreement between the two governments a treaty on visa exemptions for diplomatic and official passport holders, and a memorandum of understanding on partnership forum.

At a press conference held after the Presidential meeting, the Vietnamese leader said Vietnam is eager to share its experiences in agriculture development and poverty alleviation with South Africa.

President Mbeki paid a courtesy visit to legendary General Vo Nguyen Giap in the afternoon.
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OTC market: investors make selective deals


VietNamNet Bridge – Instead of buying any shares available on the market, investors on the OTC market are now keeping cautious about making deals, leading many share items to drop dramatically in price.



Analysts said that there were 1,230 share items available on the market, but only 40-50 share items were seeing regular transactions these days. Shares of enterprises in the fields of petroleum, banking, securities, insurance, real estate and rubber production prove to be the most wanted stocks.

Nguyen Ngoc Truong Chinh, Head of the OTC share brokerage division under ACB Securities Company, said that only 50 OTC share items had been witnessing successful transactions.

Huynh Hong Hanh, who has been acting as a securities broker for the last four years at the Nguyen Cong Tru market, gives investors a list of 100 OTC share items to choose from, saying that other items are not being traded any more.

Trinh Hoang Nam from the Saigon Securities Incorporated (SSI) said that many speculators had been crying as the shares they bought had become unsalable.

Phu My Fertiliser, Military Bank, Eximbank, EAB, Phuong Nam Bank, Dai Viet and Au Lac Securities, Dong Phu Rubber, and Saigon Thuong Tin real estate are all among the most wanted names in shares.

Many share items, which were once sold at very high levels, have seen their prices drop dramatically. Vinalogis shares are selling at VND25,000/share, Vinaconex 12 at VND25,000, Vietcom at VND18,000, Northwest Hydropower Plant at VND26,000, and Saigontel, VND12,000.

Dr Tran Hoang Ngan, Head of the Banking and Securities Faculty under the HCM City Economics University, said that this was a good sign for the stock market, as it showed that investors had more experience and knowledge when making investment decisions, and did not just make investments by ‘feeling’. Dr Ngan said that the companies issuing OTC shares must really be doing good business to make their shares salable.

Tran Cong Nam, a senior investor on SSI trading floor, said that the OTC market, though it had not been controlled strictly by management authorities, had its own rules of the game: bad quality commodities will be rejected.

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Bush, NATO chief discuss Afghanistan, enlargement


U.S. President George W. Bush discussed Afghanistan, NATO's enlargement and efforts to deploy missile defense shield in Eastern Europe with visiting NATO Secretary General Jaap de Hoop Scheffer in Crawford, Texas on Monday.


U.S. President George W. Bush(R) and NATO Secretary General Jaap de Hoop Scheffer (L) speak to reporters after their meeting at Bush's ranch in Crawford, Texas, May 21, 2007.(Xinhua/Reuters Photo)
"We spent a lot of time talking about Afghanistan. Afghanistan is a vital mission for the United States, it's a vital mission for our allies in Europe, because what happens in Afghanistan matters to the security of our countries," Bush said at a joint press conference with the NATO chief after their talks.

"The secretary general is also focused on ensuring that NATO commanders have the forces they need to defeat the extremists and murderers who are trying to stop the advance of that country," Bush said, adding that he pledged to the NATO chief that the United States will work with NATO allies "to convince them that they must share more of the burden and must all share the risks in meeting our goal."

For his part, the NATO chief said Afghanistan is still one of the front lines in the fight against terrorism.

"And it is my strong conviction that that front line should not become a fault line. And that is why it's so important that all 26NATO allies are committed to Afghanistan, and that the whole international community, for the longer term, stays committed to that nation," he said.

The United States has urged NATO allies to commit more troops and equipment to the fighting in Afghanistan against Taliban's spring offensive. However, NATO countries have hesitated because of rising casualties in the country.

Vietnamese books to have ISBNs soon


VietNamNet Bridge – According to Nguyen Kiem, Head of the Ministry of Culture and Information’s Publishing Bureau, Vietnam and the International ISBN Agency are completing paperwork to provide Vietnam with an ISBN.

The International Standard Book Number (ISBN) is a barcode used internationally to identify a book’s basic information including the country of origin, publisher, language, author and title.

Without an ISBN, Vietnamese publishers have encountered difficulties trying to expand their market. For instance, after its success with the picture book Than dong dat Viet (Vietnam’s Prodigies), Phan Thi Company wanted to enter the American market.

Despite its extensive market study, the company had to give up its plan, however. Phan Thi My Hanh, the company’s president, explained: “Even if we had published the book in English, we could have sold only a few hundred copies since big distributors require an ISBN."

“With an ISBN, customers can go to Google, type the barcode, and all information about a book will appear. They can thus easily order the book through the Internet or get in touch with the publisher.”

An ISBN can make it more convenient for Vietnamese prints to travel abroad. But will it do more than that?

For the past few years, more and more foreign books, newspapers and magazines have been imported into Vietnam and the publishing sector’s import-export scale is thus tilting heavily to the import side. Will an ISBN help to export enough Vietnamese prints to tip the scale a little bit?

“I don’t expect that an ISBN alone will significantly increase the number of exported Vietnamese books. What’s most important is whether Vietnamese books will be attractive enough to the international market and helpful enough to overseas Vietnamese and foreign readers who want to learn about Vietnamese culture."

“ISBN is only an important technical aid. Publishers shouldn’t have great expectations for any technical solution,” said Nguyen Kiem.

Tuoi Tre
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Dale Carnegie Training to establish office in Vietnam



Dale Carnegie
VietNamNet Bridge – Dale Carnegie Training, a Dale Carnegie-inspired performance-based training company with offices worldwide, plans to open an office in HCM City in September 2007.

Vietnamese readers are familiar with Dale Carnegie’s self-improvement philosophy through Nguyen Hien Le’s translation of How to Win Friends and Influence People (Dac nhan tam- Bi quyet thanh cong) and How to Stop Worrying and Start Living (Quang ganh lo di va vui song).

With the establishment of a Dale Carnegie Training office in Vietnam, they will have a chance to explore diverse courses and services on interpersonal, management, sales or public speaking skill training.

In a conference organised by the Saigon Businessmen’s Club and Rendezvous-Businessmen’s Company at Majestic Hotel on May 22, Dale Carnegie Training’s Asia-Pacific representative, Michael Eaves, introduced basic Dale Carnegie ideas, citing his own personal experiences.

“Once I went into a shop selling clothes and ties. The shop owner greeted me and asked how I was. I answered I was very well, but he said no, you don’t look well."

“I felt a little touchy but I remembered the 5th principle in How to Win Friends: Smile. And I realised if I said I was fine but my face and voice didn’t look or sound so, then nobody would believe me,” said he.

He also said that American courses and materials should be adjusted to suit Vietnamese learners. “Vietnamese people are very friendly and open, so I think Westerners should come here to study the way you communicate with each other,” said Michael Eaves.
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Gong Cultural Festival to kick off in October





VietNamNet Bridge - Regionally based artists and musicians from Laos, Cambodia and Malaysia will join local troupes in performing at the famed Central Highlands Gong Cultural Festival 2007.

While a date has yet to be set for the festival that takes place in Buon Ma Thuot City and the Krong Ana commune, in Dak Lak province, organisers have said that it would kick off sometime in October.

The festival is aimed at promoting the UNESCO recognized Central Highlands gong culture while aiming to unite the people of the Central Highlands.

Gong recitals, street music performances, elephant races, sculptures and a photo exhibition on the Central Highlands are all slated to be included in the festivities.


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Art students forbidden from performing in bars


VietNamNet Bridge – The Bureau of Art Performances at the Ministry of Culture and Information has instructed all art and culture schools to forbid students from performing in bars, clubs, discotheques and karaoke shops.

The decision, the rationale of which is that bars, dance clubs and karaoke shops are sensitive places where students can easily be drawn towards social ills, is attracting much attention from students, teachers and culture officials.

Pham Minh Thu, Deputy Head of the southern office of the Bureau of Art Performances as well as an instructor at the HCM City Conservatory, said: “I understand culture managers’ viewpoint. Some dance clubs, bars and karaoke shops aren’t operating according to the laws and have recently created some social problems. These social ills can spill onto young people. This worries the Ministry of Culture and Information, which wants students to avoid these seductive places."

“Yet, when receiving the dispatch, my colleagues and I as well as many students were perplexed by certain issues. For instance, will this decision be easily and effectively enforced? And what if students go to these places in order to work seriously rather than buy drugs? If so, the decision may affect students’ legitimate sources of earnings,” she added.

Many students aren’t happy with the decision. Ky Phuong Uyen from the HCM City Conservatory, said: “I’m surprised with this regulation. It will be difficult to enforce it. Performing in legally-operating bars and dance clubs is a good way for us to practice our skills after school.”

Huynh Lam from the College of Theatre and Cinema agreed. “After school, I sing in bars every evening. I don’t think this is wrong. I work in bars as a singer who serves audiences."

"Students like us have few opportunities to perform on great stages. Neither can we depend on a very small number of small and public stages available now. So how will we survive in the future?”

Many teachers are also against this new regulation. Some said that it was authorities who should be responsible for licencing and inspecting bars and karaoke shops and dance clubs to make sure they operate legally.

And if culture officials don’t want students to fall into social ills, they should find some way to increase students’ awareness rather than shut the door on their means of earning a legitimate living.

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Bao Viet shares at what cost?


VietNamNet Bridge – A survey shows that the price of Bao Viet shares to be offered at the share auction slated for May 31 will not be very high. Though enjoying advantages in trademark, network, safety ratio, land use rights, Bao Viet still carries disadvantages of a State owned enterprise.

How much is Bao Viet worth?



Investors said that the starting price of VND30,500/share Bao Viet has set proves to be a suitable level, if considering Bao Viet’s business performance and comparing the prices of shares of other insurers. Bao Viet’s total assets, as appraised by Credit Suisse, are nearly $1,900bil ($1.2bil).

Analysts said that the starting price of VND30,500 was set because of several reasons. Bao Viet’s business performance has not been very good, so the share price should not be set at an overly high level. Moreover, the insurer should learn lessons from the auctions of Cadivi, PVGas, and Thac Mo shares. At those auctions, investors initially offered very high price levels, but they then gave up on the auctions.

According to the prospectus, the post tax profit of the insurer is VND524,007bil ($32,750mil), meaning that the EPS (earnings per share) will be VND770.59.

Supposing that the average price of Bao Viet shares after the auction is VND50,000/share, the P/E index would be 64.89, if the share price is VND70,000/share, the P/E would be 90.84, and if the price is VND100,000, the P/E would be 129.77. The starting price of VND30,500/share proves to be reasonable, analysts say.

Maintaining Disadvantages

Though enjoying advantages in trademark, network, safety ratio, land use rights, Bao Viet still bears disadvantages of a State owned enterprise.

The disadvantages lie in the competitiveness in the fields of operation mechanism, ownership capital, human resources, products. While the business performance and financial indexes prove to be normal, the tentative dividends, however, prove to be not so attractive.

An investor said that this proves to be a bad business performance for such a big insurer like Bao Viet, which gained only VND318bil ($19.87mil) in post tax profit. The growth rate Bao Viet has witnessed in the last time proves to be lower than that obtained by other insurers, like BMI, VASS, PVI, PJICO and VNR.

Investors are forecast to not try to buy Bao Viet shares at any cost, because they will have many other choices when other big groups make IPO. They will only buy Bao Viet shares at ‘acceptable’ prices which can ensure profit. If they buy Bao Viet shares at abnormally high prices, they will have to ignore many other opportunities to be brought about by Vietcombank and BIDV’s IPOs.

It is expected that several investors will offer the auctioning prices of VND33-35,000/share. Investors who think that Bao Viet will obtain the growth rate of 4-5 times higher than in 2006, i.e. the post tax profit of VND1,200-1,600bil, will offer VND40-60,000. The most optimistic, who still consider Bao Viet the No 1 insurer in Vietnam, will pay VND80-100,000

Vietnamnet
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The Vietnam Education Foundation: Bridging Science and Technology between the U.S. and Vietnam



t is an honor to be invited to contribute an article about the Vietnam Education Foundation (VEF) at the Inauguration of The ViPLOK Journal, a brand new medium for scholarly publication. As the VEF Executive Director, I would like to use this opportunity to address readers about VEF's mission and programs, and to report some up-to-date statistical data on the program.
The Vietnam Education Foundation is an independent federal agency established by the U.S. Congress and based on the initiative of former President Bill Clinton during his historical visit to Vietnam in 2000. Its mission is to further the process of reconciliation and to build the bilateral relationship between the United States and Vietnam, serving the interests of both countries through educational means. The VEF mission is accomplished by bringing Vietnamese nationals to study in the United States at the graduate and post-graduate levels in sciences, medicine, technology, engineering and mathematics; by sending U.S. citizens to teach in those same fields in academic institutions in Vietnam, and by building capacity in science and technology in Vietnam through joint projects between the scientific and academic communities of both countries. VEF is governed by a Board of Directors, whose thirteen members consist of three U.S. Cabinet members, two U.S. Senators, two U.S. Representatives, and six presidential appointees; and it is headed by the Executive Director appointed by the Board. The annual funding for VEF is $5,000,000, which began in fiscal year 2001 and continues through 2018.
VEF Fellows’ Profiles and Statistics
Since operations began in March 2003, 190 VEF Fellows have studied in graduate programs in 56 top-tier U.S. research universities. Another 40 Fellows have been selected for cohort 2007 to begin studies in the fall 2007. So far, 18 Fellows have graduated, 9 of them have returned to Vietnam, 3 have continued on to Ph.D. programs in the U.S. with sources of funding other than from VEF, and 6 are in post-graduate Academic Training (AT) in the U.S. An AT experience helps VEF Fellows develop their professional skills beyond their academic degree and helps them expand ties to U.S. experts in their field, whether in academia or in other sectors before returning to Vietnam. The maximum time for AT for J-1 students is 18 months for an individual in a Master’s degree program and 36 months for an individual in a Ph.D. program. VEF Fellows are required to return to Vietnam for two years after completing their academic program, which includes subsequent training.
VEF organizes annually the VEF Fellows Conference as a forum to share knowledge and experiences among the Fellows and with other scientists and scholars in order to encourage professional ties among VEF Fellows and U.S. experts. Furthermore, by providing conference grants, VEF encourages Fellows to present at professional conferences their research results. In addition, by providing travel grants, VEF encourages Fellows to work, do research, and/or teach in Vietnam in their field of interest as a means of keeping the Fellows connected to, and interested in, development in Vietnam. To develop further these strong ties and networking and to develop skills in self-governance, VEF has assisted the VEF Fellows to organize the VEF Fellows Association (VEFFA), which can be contacted through VEF.
Most Fellows pursue a doctorate (87%), and the majority is in the fields of engineering (43%) and computer sciences (22%). Among those in engineering, the majority is in electrical engineering (46%). Most Fellows (69%) range in age from 23-28, and females account for 23% of the total number of Fellows (Fig. 1).
Field of Study
Engineering Specialties
Age Range
Gender
Degree Program
Figure 1: Some statistics on VEF Fellow profiles
As for the regional origins in Vietnam and regional locations of their U.S. universities, most Fellows come from the North of Vietnam (63%). Half of the Fellows (50%) attend universities in the middle region of the U.S (Fig. 2).
VEF has established an Alliance with over 100 leading U.S. research universities through a Memorandum of Understanding to pursue cost-sharing arrangements. VEF provides a grant to the University of $27,000 per Fellow per year for the first two years of a Fellow’s graduate study. In exchange, the university manages and supplements the grant funds to cover required tuition, required fees, mandatory health and medical insurance, and a monthly stipend for 12 months, which must be equivalent to what a graduate student in the designated department would receive. The universities are expected to support VEF Fellows fully by their third year through a graduate assistantship or other means. At that point, VEF provides directly to each Fellow a professional development grant of $3,000 per year for years 3, 4, and 5.
VEF Fellows are doing very well academically (Fig. 3). As of the spring 2007, among enrolled Fellows, 40 (23%) have already passed the doctoral qualifying exams. The majority (77%) have a cumulative Grade Point Average (GPA) of B+ or better.

Figure 2: Demographic distribution of VEF Fellows based on their origin in Vietnam (left), and their attended U.S. universities (right)
Origin in Vietnam
U.S. School Location

Application and Selection Process
The VEF Fellowship is not envisioned as a simple funding mechanism for graduate study in the U.S. On the contrary, it aims to support talented and ambitious Vietnamese who desire to contribute to the scientific and technological progress of Vietnam and to the VEF mission. To attract the best and the brightest candidates, VEF designed a competitive, transparent, and open selection process in order to assure U.S. universities of the high quality of VEF Fellows, who will help build the reputation of Vietnam in science and technology. Because some top level U.S. universities are still unfamiliar with Vietnamese graduate students, VEF engages the assistance of the U.S. National Academies in the selection process, culminating in an oral exam/interview conducted by U.S. scientists, who write a letter of recommendation for each candidate that they nominate for a VEF Fellowship.
Figure 3: VEF Fellow’s performance in the U.S.
Academic Progress
Grade Point Average

Once the final candidates are approved as VEF Fellows and before their departure to the U.S., VEF organizes a Pre-Departure Orientation in June to provide them an opportunity to hone their skills for academic success, to ensure a smooth transition to the U.S., and to begin their integration into the VEF family.
Recognizing the success of the VEF Fellowship program, the Vietnamese Ministry of Education and Training (MOET) has indicated that they are adopting the VEF application and selection process for its own scholarship program, known as the 322 Program. Furthermore, MOET has asked VEF to train MOET staff in the VEF application and selection process, related systems, and online forms.
To explain the VEF process further, one can obtain a VEF Fellowship through two different means, either Process A or Process B. In Process A, having succeeded in a series of standardized exams, a finalist must demonstrate his/her ability to excel in the U.S. academic environment through a highly competitive oral exam and interview conducted in English by renowned American professors and scientists invited to Vietnam by the National Academies. In Process B, the candidate must have already been admitted to a U.S. university. In both cases, the candidates must have an excellent academic record and significant professional and/or research experiences; they are expected to receive admission to a U.S. research university, which is highly recognized in the applicant’s field, and they must demonstrate a strong commitment to contribute to the development of science and technology in Vietnam.
As an example, in the on-going 2008 Fellowship competition of Process A, 330 qualified applicants met the posted deadline. After completion of the standardized exams, 38% of the initially qualified applicants, totaling 127, met the requirements to be invited to the final stage of the competition—the oral exam/interview—to compete for 30 Fellowships in August 2007. As another example, during the 2007 competition for Process B, 23 applicants met the application deadline and, in the end, 10 (43%) were accepted as VEF Fellows.
VEF found that the oral exam/interview and the process of applying to appropriate U.S. universities can present a challenge to the candidates. To help participants become familiar with the exam process, VEF organizes a “Pre-Oral Exam Meeting” in both Hanoi and Ho Chi Minh City several weeks before the oral exam/interview. To help Fellowship candidates that have already been nominated to receive a Fellowship, VEF organizes an orientation on U.S. university application procedures. The purposes of these meetings are to inform the candidates of necessary requirements and expectations and to give them a chance to meet with VEF Fellows from previous cohorts, who can share their valuable experiences.
Visiting Scholar Program
The Visiting Scholar Program is a pilot project recently established for Vietnamese nationals, who already hold a doctorate in the fields that VEF supports, including sciences, technology, engineering, and mathematics. This program is intended to support professional development training, which may include studies, research, and/or observational activities, to take place in cooperation with the leading U.S. academic institutions. The scholar will develop and undertake a program of a minimum of three months up to one year in length, which may include formal courses, workshops, seminars, laboratory or field research, or other types of professional development activities. Upon returning to Vietnam, the Visiting Scholar must use the knowledge and skills acquired in the U.S. to train others. In this way, the VEF Visiting Scholar Program is a training-of-trainers (TOT) program. For the 2007 Visiting Scholar Program, 27 qualified applicants met the deadline, out of whom 12 (44%) have been accepted.
Among this year’s Visiting Scholars, the primary fields of interest are agricultural sciences, electrical engineering, and physics. The majority of Visiting Scholars are female (58%). The region of origin in Vietnam is equally divided between the North (50%) and the rest of the country with the South representing 42% and the Center 8%. Half of the Visiting Scholars are hosted by U.S. universities in the East while only 17% are attending schools in the West. Most Visiting Scholars are between the ages of 30-39 (51%), followed by the second largest group of those between the ages of 40-49 (33%). The majority (67%) will stay in the U.S. for 6-12 months to complete their intended professional development program.
Building Capacity
VEF has developed strategic activities ranging from seminars and workshops to special projects to help build Vietnam’s capacity in science and technology. As part of the Seminar and Projects Program, VEF has sent more than 60 American scientists to Vietnam to deliver seminars and lectures at almost 60 scientific and educational institutions throughout the country. Furthermore, VEF has been involved in several special projects, in particular, the potential development of Millennium Science Initiative (MSI) Centers of Excellence, the investigation of the potential establishment of a top-tier university in Vietnam, and the development of Vietnam Open Courseware (VOCW). Currently, the VOCW project is in full development with the participation of 14 educational establishments located throughout Vietnam.
VEF also sponsored U.S. experts to investigate the current status of teaching and learning in computer science, electrical engineering, and physics as well as agricultural sciences in the higher education sector in Vietnam. The outcome was two successful reports, entitled Observations on Undergraduate Education in Computer Science, Electrical Engineering, and Physics at Select Universities in Vietnam and Observations on the Current Status of Education in the Agricultural Sciences in Vietnam. A follow-up workshop on the reports to suggest new directions for improvement will be conducted in Vietnam in August 2007. VEF is also co-sponsoring the "Second International Conference on the Development of Biomedical Engineering in Vietnam and the Second Young Vietnamese Scientists Meeting" in Hanoi in July 2007 to bring scientists from the U.S, Vietnam, and elsewhere to present state of the art information in this emerging technology and to pave the way for sustainable collaboration.
In essence, the objective of these projects is to contribute to the establishment of a new standard for research and education in sciences and technology in Vietnam.
Future Directions
In the initial phase of its activities, VEF has established an excellent infrastructure with high-quality working operations. In view of its small size and ambitious mission, the vision is to bring VEF to the next level of operations, which will concentrate on sustainable and high standard activities to bridge the scientific, educational and industrial communities of the U.S. and Vietnam.
The goal of VEF is to leave a profound scientific and technological impact on Vietnam by facilitating partnerships between the U.S. and Vietnamese research and education institutions and by helping VEF Fellows to build their dreams, to transform their dreams into their visions, and finally to bring their visions into actions. To that end, VEF will continue to support the basic sciences. Furthermore, VEF will concentrate on the development of pilot activities, with the active participation of VEF Fellows, and researchers and educators in Vietnam, to demonstrate the necessity and feasibility for Vietnam to develop emerging technologies and sciences, to embrace the concept of interdisciplinary collaboration, and to engage in the invaluable relationship between research, education, and entrepreneurship. VEF plans to establish a U.S. Scientific Advisory Council to include Vietnamese-Americans and other experts with professional interests in Vietnam that eventually will pave the way for the establishment of a scientific and technological think-tank for Vietnam.
All of these efforts, focusing on the development of science and technology in Vietnam, together with the involvement of U.S. and Vietnamese scientists and experts in VEF activities in Vietnam, will dynamically continue to build the bridge between the U.S. and Vietnam, building a bright future for the relationship of the two countries.
Acknowledgment
The author would like to thank all the VEF staff for their contributions to this article and the National Academies for their assistance.

the AUTHOR
Toi Van Vo , Ph.D. is an Executive Director of the Vietnam Education Foundation based in Washington, DC. He is concurrently an Associate Professor of Biomedical Engineering at Tufts University. Prior to his appointment at Tufts, he was a post-doctoral fellow at the Biomedical Engineering Center in the Division of Health Sciences and Technology--a combined program of Harvard University and the Massachusetts Institute of Technology. He earned his Ph.D. at the Swiss Federal Institute of Technology in Lausanne, Switzerland. He has been instrumental in building the Department of Biomedical Engineering at Tufts, and the Eye Research Institute in Sion, Switzerland. He co-founded the Vietnamese North American University Professor (VNAUP) network, the Biomedical Engineering Consortium of Vietnam-International Universities and the Vietnamese Association of Biomedical Engineering. Contact him at:

Vietnam Education Foundation
2111 Wilson Boulevard, Suite 700
Arlington, VA 22201, USA
Phone: 1-703-351-5053
Fax: 1-703-351-1423
Email: toivo@vef.gov www.vef.gov and www.tufts.edu/~vvo

Two Chinese software products introduced in Vietnam


VietNamNet Bridge – Several days after the Vietnamese government signed a contract to buy the copyright for Microsoft Office software, China’s Kingsoft introduced its Kingsoft Office 2007 and KingSoft AntiVirus in Hanoi on May 24.



Kingsoft Office 2007 includes three applications: Kingsoft writer for document compilation, Kingsoft Spreadsheets for calculation cells, and Kingsoft Presentation for creating presentations.



According to the provider, Kingsoft Office 2007 is compatible and has many similar points to Microsoft Office. It can run on a Linux operating system.



Like Kingsoft Office, the capacity of KingSoft Antivirus is small but the software is strong with various functions like boots clean, pre-system start-up, seeking and killing viruses, virus warning, etc.



Kingsoft is a famous software producer in China. KingSoft has gained success in China with Word Processing System (WPS).



WPS is the official document software of Beijing. The Chinese Government has bought up to 11,143 versions, making WPS Office the standard software of 57 ministries and sectors in 31 provinces and cities. WPS Office 2005 (government version) accounts for 56% of the office software market of China, with a total download number of 38 million within the first three months (from December 2005 to February 2006).

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Microsoft CEO and one-day visit to Vietnam



VietNamNet Bridge – Microsoft Chief Executive Officer (CEO) Steve Ballmer arrived in Hanoi last night, May 20, to start his one-day visit to Vietnam.



This morning, May 21, Mr Ballmer met with Prime Minister Nguyen Tan Dung and signed two cooperation agreements: the agreement on strategic partnership between Microsoft and the Vietnamese Government and the contract to sell Microsoft Office software copyright to the Vietnamese Government.



The contract to buy copyright of Microsoft Office software proves the Vietnamese government’s strong commit in protecting intellectual property, the significant foundation for economic growth and creating opportunities for Vietnam to achieve its goal of earning $10 billion from IT revenues in 2010.



According to the agreement on strategic partnership between the Vietnamese government and Microsoft, the two sides will cooperate in four major fields: using effective tools that have been used in the world, building e-government infrastructure and technical skills, narrowing the digital gap and developing local software businesses.



After the meeting with Prime Minister Nguyen Tan Dung, Mr Ballmer attended the conference of Window Vista developers at Hanoi Melia Hotel and met with Vietnamese Minister of Post and Telematics Do Trung Ta.




Microsoft CEO Steven Ballmer, Deputy Minister of Post and Telematics Vu Duc Dam and VietNamNet Editor-in-chief Nguyen Anh Tuan (middle).
He also attended a round table interview with VietNamNet at 11am, along with Deputy Minister of Post and Telematics Vu Duc Dam.



This afternoon, after a meeting with leaders of the Ministry of Education and Training, Microsoft’s CEO will participate in the signing ceremony of some important documents with the Vietnam Post and Telecommunications Group (VNPT), the Corporation for Financing and Promoting Technology (FPT), the Bank for Investment and Development of Vietnam (BIDV) and meet some big partners in Vietnam.



Vietnam is the first destination of the Microsoft CEO in a week-visit to Asia and the Pacific. After Vietnam, he will come to Malaysia, Singapore and Australia.



Mr Ballmer has assumed the CEO position at Microsoft since 2000 and has significantly contributed to the development of this software group. Though people have recently mentioned the name Ray Ozzie as the successor of Bill Gates at Microsoft, Ballmer is still the most important person in driving the Microsoft ship on the way to maintain its influence on the IT world.

All six "Star Wars" films screened in LA event


All six "Star Wars" films were being screened together in the United States for the first time Wednesday at a fan convention here on the eve of the 30th anniversary of the original film's release.


A poster of "Star Wars I" (File Photo)
The screening began in the morning at the Los Angeles Convention Center "Star Wars: Episode I -- The Phantom Menace," followed by the other two films of the second trilogy, then by the three films of the first trilogy. Intermissions were scheduled every two-to-three hours between films.

The screening is expected to take 17 hours and end at 2 a.m. Thursday, organizers said.

The five-day "Star Wars" Celebration IV begins Thursday, with the opening day open only to fan club members and the remaining four days open to the public.

Mayor Antonio Villaraigosa will declare Friday, the 30th anniversary of the release of the first "Star Wars" film, as "Star Wars" day in Los Angeles and U.S. Postal Service officials will unveil the "Star Wars" stamp, convention organizers said.

Created by Hollywood director-producer George Lucas, the "Star Wars" series films have become a worldwide pop culture phenomenon and one of the most successful franchises of all time, generating an estimated 20 billion dollars from box office and related merchandise sales in last 30 years.

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Microsoft, Vietnam sign human resource pact


VietNamNet Bridge - Microsoft and the Vietnamese Ministry of Education and Training signed a memorandum of understanding (MoU) on information technology (IT) application and IT human resource development in Hanoi, on May 21.

The signing ceremony was attended by visiting Microsoft Chief Executive Officer Steve Ballmer and Minister of Education and Training Nguyen Thien Nhan.

Under the MoU, the second reached between Microsoft and the ministry, the two sides will join together in organising the fourth meeting of Asia-Pacific creative teachers in Vietnam, establish an IT Institute and conduct higher education-related training programmes.

CEO Ballmer said Microsoft is committed to aiding Vietnam’s teachers and students in gaining access to new technologies.

Minister Nhan spoke highly of Microsoft’s assistance, saying that since the first MoU was inked between his ministry and Microsoft in 2005, nearly 19,000 teachers and employees and almost 760,000 students in 12 cities and provinces have had access to the most advanced technology.

Later in the day, Microsoft and the Ministry of Post and Telematics also signed a strategic partnership agreement and a copyright contract for the use of Microsoft's Microsoft Office software.

Vietnamnet
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Foreign owned accounts at securities companies on the rise


VietNamNet Bridge – More and more foreign investors have decided to make money on Vietnam’s stock market. Statistics show that the number of foreign owned accounts opened at securities companies is increasing.



According to the HCM City Securities Trading Centre (HSTC), nearly 5,000 foreign owned individual accounts have been opened at HSTC member securities companies. The owners of the accounts mostly are Japanese, Korean, Taiwanese and Singaporean. The largest number of foreign investors on Vietnam’s stock market proves to come from Japan.

Nguyen Hong Nam, Deputy Director General of the Saigon Securities Incorporated (SSI), said that some 2,000 foreigners’ accounts had been opened at SSI, 70% of which are Japanese owned.

BVSC, DVSC and Rong Viet all have reported an increased number of new foreign individual accounts, which account for 30% of the new accounts. Experts said that the new wave of foreign investment had been refreshing the stock market.

Vietnam’s stock market has become attractive in the eyes of foreign investors. Vietnam’s national economy is performing well, while the stock market is developing, which promises more profitable investment deals than developed markets.

In fact, the profit made by foreign securities investors in Vietnam has been increasing considerably. In his recent visit to Vietnam, John Stuttard, the Lord Mayor of the City of London, said that the gigantic development of the stock market had caught the special attention of British financial investors.

Nguyen Chi Trung, Director of the Brokerage Division under the Rong Viet Securities Company, said that if foreign investors kept trading as currently, the stock market would rally. Now, foreign investment funds are increasing their demand for securities, and they are especially targeting the IPOs of many big banks and corporations scheduled for the coming time.

VinaCapital said that it had estimated the sum of money to be disbursed, and has given a forecast about the auctioning price of Bao Viet shares. Mekong Capital has presented its third fund before the public, the $100mil Vietnam Azalea, which will focus on equitised companies in Vietnam. Mekong hopes to close the fund soon and begin the investment period, expected for the end of May.

Experts said that the demand of foreign investors was increasing. However, they will have to restructure their investment portfolios and look for new commodities, as there is no more room for foreign ownership in big companies like REE, SAM, STB and VNM.
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Central and Tay Nguyen regions suffer shortage of tourism staff


VietNamNet Bridge – Despite being home to bountiful tourist treasure troves, tourism in Vietnam's Central and Tay Nguyen regions is facing a crisis: not of attraction, but of manpower.


French tourists drink ruou can (wine drunk through pipes) with Ba Na ethnic minority people in Ko Dong Town, Mang Yang District, Gia Lai Province. The Central Highlands' tourism sector is facing a shortage of manpower.
Tourism is big business in Vietnam, not least in the country's central and Tay Nguyen regions. Here revenue has increased markedly with an annual growth rate of 20.2%.

Five out of the country's six world heritages recognised by UNESCO are located in the central region as well as popular tourist destinations Hue, Hoi An, Phan Thiet, Mui Ne and Da Lat City.

However, juxtaposed with a rise in visitors is the demand for quality staff and it is in this area the region is lacking.

According to chief of the central region's representative office of the National administration of Tourism, Ho Viet, the fundamental problem is finding graduates who not only have strong foreign language skills but are also professionally adept.

"(However) graduates who are trained in foreign languages at tourism training schools can communicate well but don't have the required professional skills and visa versa, tourism workers who have sufficient professional skills don't have enough knowledge in foreign languages," Viet says.

Another issue is the fact that tourism policy makers in the region are focusing on improving infrastructure rather than investing money in developing human resources, he adds.

There are dozens of tourism projects in Da Nang City, each requiring staff in the hundreds but there are too few institutions that will produce trained staff besides Hue Tourism School which every year trains 1,450 students, many of them on short courses.

But the future is not all cloudy. Talking about the long-term potential to develop human resources, Ho Viet confirmed that two tourism schools in Nha Trang City and Lam Dong Province will be put into operation next year.

"Da Nang City's Tourism Department is going to build a tourism school and co-operate with the Japanese International Co-operation Agency to establish a tourism institute," he says.

With such gems as beautiful white beaches, ancient towns and temples, tourism in the region is expected to receive 10mil visitors in 2010, 2.1mil coming from abroad.

This will result in an annual GDP growth of 17%, 1.5 times higher than the GDP growth of tourism for the whole country. It is therefore imperative that this growth is manned to its best advantage.

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