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January 11

Released at: 15:08, 11/01/2018 PRESS WATCH

January 11

VET's round-up of news from Vietnamese media for January 11.

Thua Thien Hue issues tourism code of conduct

The Department of Tourism in the central province of Thua Thien Hue has issued a code of conduct for tourists, printed in Vietnamese and English. The guidebook includes illustrations of dos and don’ts and encourages tourists to respect local traditions, behave in a civilized manner, protect historical relics, support the disabled, elderly, pregnant women, and children, and queue up when using public services or joining activities at public places.

BRG seeks HCMC backing for five-star hotel

BRG Group Chairwoman Nguyen Thi Nga met with Ho Chi Minh City Chairman Nguyen Thanh Phong on January 9 to seek the city government’s backing for a plan to build a five-star hotel called Hilton Garden Inn Saigon in District 1. Ms. Nga said the hotel would be located at 23-25 Ham Nghi Boulevard and have 19-20 floors with 180 rooms, and if the city gives its support, the group could put the hotel into service by 2020.

Calls for monthly base salary increase

The Ministry of Home Affairs is consulting relevant ministries and agencies over a plan to raise the monthly base salary from the current VND1.3 million ($57.2) to VND1.39 million ($61.2) for public officials and employees as well as armed forces. The base salary of VND1.3 million ($57.2) per month, which has been applied since July 1 last year, is close to the poverty line in urban areas in the 2016-2020 period and equivalent to 41.43 per cent of the average minimum wage last year, meeting only 35.53 per cent of minimum living standards. The real salary for public servants is determined by multiplying the base salary with a coefficient based on seniority.

Population at 93.7 million

Vietnam’s population in 2017 was estimated at 93.7 million, an increase of 987,300 or 1.07 per cent against the previous year, including 32.9 million and 60.8 million people living in urban and rural areas, making up 35.1 per cent and 64.9 per cent, respectively.

PM amends plan for local news agencies overseas

The Prime Minster has amended and supplemented certain articles of Decision No. 1378/QD-TTg on the master plan for the network of overseas representative offices of Vietnamese news and press agencies to 2020. Under the new decision, the network must operate in accordance with the strategy on foreign information development from the Party and the State, and promote national socioeconomic development. The new master plan sets a goal that by 2020, Vietnam will have overseas representative offices in 32 foreign countries and territories.

Hyundai looks to Vietnam or Indonesia for new car plant

South Korea Hyundai Motor said it is considering building a car plant in Southeast Asia, with Indonesia and Vietnam being possible locations. The plan stems from intense political disagreements between Beijing and Seoul after South Korea allowed the US to deploy its anti-missile defense system, THAAD, in the country, which hurt Hyundai and other South Korean firms that are highly reliant on the Chinese market.

$7 billion in G-bonds issued in 2017

G-bonds worth VND159.9 trillion ($7.04 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued in 2017, according to the Ministry of Finance. The bonds had an average interest rate of some 6.07 per cent per annum, down 0.2 percentage points against 2016. The National Financial Supervisory Commission forecast that the G-bond market in 2018 would see modest changes thanks to economic growth of more than 6.7 per cent and inflation of less than 4 per cent.

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