Sunday, January 16, 2011

Traders making a killing on small banknotes

The unofficial market of money exchange is currently enjoying a brisk trade because banks cannot meet the seasonal demand for newly minted small-denomination banknotes for use during Vietnamese Tet holidays, or the Lunar New Year, that falls in early February this year.

During the Tet period, Vietnamese usually put small-denomination notes in red envelopes and present them as lì xì (lucky money) to relatives, especially children, together with all their best wishes.

Despite their claims of adequate supply of small-denomination notes, most of the banks just give them to their loyal, corporate, and VIP clients. The underground market is therefore cashing in on this once-upon-a-year opportunity to charge exorbitant fees for the service.

For the 5,000 dong, 10,000 dong, and 20,000 dong notes, they charge a 20 percent commission. The smaller the note is, the higher the commission will be.

Online money exchanging also springs up this year. Service charges vary and can be as high as 45 percent.

One website quotes their fees as follows: 45 percent for the 200 dong note, 25 percent for the 500 dong note, 12 percent for the 1,000 dong and 2,000 dong notes, and 1-9 percent for notes of 5,000 to 100,000 dong denominational value.

Traders are also selling one-dollar and two-dollar bills at the moment. Depending on the uniqueness and serial numbers of the notes, those can be exchanged at various prices. For example, one trader sells a 1 dollar bill at VND25,000 and a 2 dollar bill at VND49,000 or 50,000.

The official exchange rate at present is VND19,500 to the dollar.

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Saturday, January 15, 2011

Culture, sport need specialists

HCM CITY — The culture, sports, and tourism sector is unable to find enough quality personnel, according to officials.

Nguyen Thanh Rum, director of the HCM City Department of Culture, Sports and Tourism blamed it on a lack of incentives for specialists and talented people.

A severe shortage of skilled specialists who can train the next generations is also to blame, he said.

As a result, most fresh graduates fail to meet the job market's requirements, Ngo Quang Vinh, director of the Da Nang Department of Culture, Sports and Tourism, said.

"Schools fail to factor the needs of employers into their training programmes," he told a conference held in HCM City this week to gather suggestions for drafting regulations to develop the workforce in this decade.

The poor teaching methods and low investment in infrastructure and equipment are also causes for the poor education quality, he said.

Amending regulations and policies will be a major breakthrough in developing the workforce, he said, adding that the draft should spell out incentives to attract talent.

Together, sports, culture, and tourism sector employ around 1.62 million people of whom doctoral and master's degree-holders account for just 0.2 and 2.07 per cent, respectively, Nguyen Van Luu, deputy director of the Ministry of Culture, Sports and Tourism's Training Department, said.

Graduates accounted for 36.58 per cent and vocational training graduates for 26.23 per cent, he said.

Some 435 schools and 1,000 vocational training centres around the country offer courses in culture, sports, and tourism that are attended by 26,000-30,500 students every year, he said.

But only 26.5 per cent of the 3,112 lecturers and teachers at these establishments have master's degrees, while 4.6 per cent have doctoral degrees.

Up to 30 per cent of all graduates fail to find suitable jobs or are unemployed, he added.

The ministry hopes to add 30 doctorates to the teaching staff every year through 2015, and 50 during 2016-20. — VNS

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Friday, January 14, 2011

HCMC to host book road fest during Tet

Ho Chi Minh City will organize the first-ever Book Road Festival to celebrate the New Year of the Cat from January 31 to February 3, according to the city’s Department of Information and Communications.

Visitors could view a wide range of books on display along the Mac Thi Buoi Street, near the Nguyen Hue flower road in district 1.

Exhibitions featuring new and bestselling books, calligraphy demonstration, and Q&A session with the authors will be organized.

The organizers including local publishing houses, book distribution companies and private bookstores will also showcase a special display area dedicated to children books.

Festival-goers will have a chance to witness antique, valuable and rare books like “Technique du peuple Annamite, “Hoang Trieu Ngoc Diep”, “Hoang Tu Pho”, “Hoang nu pho”, “Hoang Trieu Ton Pho tien bien”, and “Gia Dinh bao”.

The fest is expected to encourage a reading culture and promote the city’s tourism to local and international visitors.

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Longest Tet break creates the perfect holiday season

by Ha Nguyen

Pristine beach: Hon Thom on Phu Quoc Island in the southern province of Kien Giang attracts thousands of tourists a year. — VNA/VNS Photo Thanh Vu.

Pristine beach: Hon Thom on Phu Quoc Island in the southern province of Kien Giang attracts thousands of tourists a year. — VNA/VNS Photo Thanh Vu.

Spring season: Visitors enjoy colourful flowers on a bank of Xuan Huong Lake in the Central Highlands city of Da Lat. — VNA/VNS Photo Thanh Ha

Spring season: Visitors enjoy colourful flowers on a bank of Xuan Huong Lake in the Central Highlands city of Da Lat. — VNA/VNS Photo Thanh Ha

Viet Nam's first eight day Tet ( Lunar New Year) holiday has created favourable conditions for local and overseas Vietnamese to enjoy the longest Tet, starting on February 3.

An increasing number of well-off Vietnamese have chosen to celebrate Tet abroad. That trend is expected to continue this Lunar New Year.

Popular destinations abroad at this time of year when the weather is cool or cold in much of the country are Thailand, Singapore, Malaysia, South Korea and Hong Kong – where the weather is more inviting. Meanwhile, those with relations abroad often take the opportunity afforded by the long annual holiday to visit family and friends in the US, Australia and Europe.

My Hanh, who works for a foreign firm in Viet Nam, said her four-member family plans to enjoy Tet in Thailand.

"My two daughters and I are shopping addicts so we are very much looking forward to going to Thailand. We plan to spend all day and night shopping during our four days in the country," Hanh said, adding that celebrating Tet abroad offers a welcome escape from domestic chores.

Hanh said that when she celebrates Tet here in Ha Noi she has to spend days shopping for food in overcrowded markets.

"I have to work very hard and it's exhausting. This Tet will be different. Apart from being able to shop for clothes, I will have time to relax and read books, which I adore doing," she said.

She said "I've already asked my mother-in-law to help me prepare traditional dishes to worship our ancestors for the last evening of the old lunar year and the first day of the new year," Hanh said.

Meanwhile, Hoang Quan, who lives in Ha Noi's Tu Liem District, has booked a holiday in Japan where his daughter is studying.

"I had to book a five-day tour to Tokyo at the start of this month to be sure of being able to get tickets in the run-up to Tet," Quan said.

"My wife is a pagoda goer so it's a good chance for her to explore and see how things differ in Japan," Quan said.

Despite being relatively well off, he still worries about hefty shopping bills.

"It doesn't matter. We will spend our time shopping at the Japanese yen 100-per-item shops."

Duong Quang Phong and his family from Los Angeles plan to return to Viet Nam for Tet.

Phong said he had already booked a seven-day tour to Phu Quoc Island beginning on the second day of the Lunar New Year.

"Our six-member family will celebrate Tet on the island by ordering banh chung (square sticky rice cake) and many other traditional specialities such as nem ran (fried meat roll), dua hanh (pickled welsh onion) and canh mang (bamboo shoots cooked with pig's trotters). We've rarely tasted these dishes since we settled in the US in the 80s.

"Spring tours over Tet will be more comfortable and interesting because tourism sites will not be as crowded as during the peak season in summer. The cool weather in the south will make our tour more enjoyable. We are looking forward to exploring the island's natural beauty, as well as relaxing," Phong said.

Like Phong, other overseas Vietnamese plan to return to Viet Nam for the holiday. Most have booked tours to popular destinations such as Ha Long Bay, Sa Pa, Ninh Binh, Da Nang, Nha Trang, Da Lat, Hue, and Hoi An, said Nguyen Cong Hoan, deputy director of Ha Noi Redtour.

"Despite the fact that prices are 5-10 per cent more this Tet compared with last year, almost of our tours have been fully booked," he said.

To meet increasing Tet demand, Viettravel, Fiditour and Ben Thanh Tourist have put on extra tours from the 28th and 29th of the 12th lunar month until the 4th of Lunar New Year.

Saigontourist is expecting 15,000 visitors, an increase of 15 per cent compared with last year, a company manager said.

But Hoan warned that holiday-makers should be wary of unlicensed tour operators. He said they were typically 20-25 per cent cheaper than those offered by mainstream operators, but that standards were suspect.

"Some of them have even tried to ‘resell' their customers to other tour operators for a profit," Hoan said.

Last year, the country's tourism sector welcomed 5 million foreign travellers and 28 million local guests. — VNS

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Porcelain maker shows off

by Le Hung Vong

Rhymes with gauze: Porcelian vases by Minh Long No 1 are displayed at the HCM City showroom. — VNS Photo Ngoc Hai.

Rhymes with gauze: Porcelian vases by Minh Long No 1 are displayed at the HCM City showroom. — VNS Photo Ngoc Hai.

HCM CITY—Viet Nam's leading fine porcelain maker Minh Long No 1 yesterday opened a new showroom in HCM City that displays exclusive products it has made over the last five years.
The 600sq.m showroom at the Minh Long Tower Building on 17 Ba Huyen Thanh Quan Street in HCM City's District 3 displays more than 2,000 porcelain wares includings bowls, dishes, teapots, jewellery, artworks and souvenirs.

The showroom also showcases national souvenirs chosen as gifts to foreign heads of State by the Vietnamese Government.

Also on display are exquisite and exclusive artistic works of which there are fewer than five copies each.

Ly Ngoc Minh, general director of the Binh Duong Province-based porcelain producer, said at the opening ceremony that each artisan was able to make only one to three copies of these works per year.

While porcelain industries in other countries bake their coloured works at 850OC, Minh Long No 1 employs a technique that does it at 1,250OC, he said.

"This high temperature helps to keep the colour on porcelain unchanged and renders details of the painting," said Minh.

Minh Long has produced fewer than 200 porcelain works of this type in the past five years, with fewer than 10 copies of each work. Some of them were single pieces.

The works cost between VND40 million (US$2,000) and 300 million ($15,000) a piece, Minh said.

"We're not targeting any profit from this series of Minh Long products. We want to show that we can do, and do even better, what other porcelain makers around the world produce," he added.

As an indication of the care that is taken in making these products, the company has been unable to fulfil orders submitted for these works during a three-day promotion more than two years ago.

"These artistic works are the pride of not only Minh Long No 1, but also of Binh Duong Province's porcelain industry as well," he said.

Family tradition

Minh Long No 1 was founded in 1970 by Minh, whose family had been involved with the ceramic trade for generations.

Combining his passion for porcelain with the knowledge and experience of his ancestors, Minh dedicated his life to studying firing techniques and composition and spending time designing a unique style for Minh Long's products.

The company, which has a 120,000sq.m factory in Binh Duong's Thuan An District, is the first company in the country's porcelain industry to use a gas-fueled kiln for its production lines.

Minh Long's porcelain products, which have won over many connoisseurs and discriminating buyers, have been exported to the US, Europe and other Asian countries. — VNS

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Viet Nam's first 3-D flick among new Tet releases

by Thu Anh

Jumping off: The poster of Bong Ma Hoc Duong, the country's first 3D-film, produced by Thien Ngan Studios. — VNS Photo

Jumping off: The poster of Bong Ma Hoc Duong, the country's first 3D-film, produced by Thien Ngan Studios. — VNS Photo

HCM CITY — As usual, a slew of films are ready for release during the Tet (Lunar New Year) holidays, including Viet Nam's first 3-D flick, and studios are hoping to part young moviegoers and their money.

Thien Ngan (Galaxy) Studios, one of the country's biggest, believes its 3-D movie Bong Ma Hoc Duong (Ghost at School) will be a hit and a step forward for the entire industry.

To make sure nothing goes wrong, it spent a packet on hiring Hollywood cinematographer Joel Spezeski.

"Our film's post-production was done in Hong Kong," its director Le Bao Trung, who learnt 3-D film-making in Hong Kong before beginning the project, said.

Promising lively sound and light effects throughout, he hoped the film will encourage more Vietnamese filmmakers to make 3-D films.

Ghost at School is a comic horror film about an online thriller writer who is haunted by a bunch of young people's ghosts.

The US$1 million production stars dozens of young pop stars and fashion models like Wanbi Tuan Anh, Truong Quynh Anh, and Dinh Ngoc Diep.

But its explicit scenes have already become a lightning rod for criticism by critics and educators who are anxious about the effects on young audiences after viewing its trailer online.

"I don't think Bong Ma Hoc Duong with its sexy scenes is suitable for teenaged audiences who will go to the cinema without their parents during Tet," Nguyen Minh Nga, a teacher and psychologist in HCM City, said.

Film-makers should take more responsibility for their works because "movies offer not only entertainment but also education."

But the producers dismiss the fears, insisting their film is safe for young viewers.

"Through our film, we hope young audiences, particularly teenagers, learn about bravery, honour, and responsibility," Dinh Thi Thanh Huong, a member of Thien Ngan's managing board, said.

She also believed critics will change their views after seeing the film.

Ghost at School releases in cinemas a week before Tet which falls on February 3 this year.

BHD Company and its partner, Saiga Films, commissioned Vietnamese-American Victor Vu to direct the comedy Co Dau Dai Chien (War of the Brides).

Vu, who studied film-making at Loyola Marymount University in the US, has made a kungfu comedy a la Jackie Chan.

Phuoc Sang Films' Thien Su... 99 (The Cherub... 99) is a romantic film that also has comedy and action.

The film features several famous artists, including upcoming singers Khong Tu Quynh and Ngo Kien Huy. — VNS

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Special Tet tours for visitors

HCM City-based travel agencies have unveiled special tours for foreigners who want to experience the atmosphere of the Lunar New Year or Tet.

Ben Thanh Tourist has launched a one-day tour to the Mekong Delta province of Vinh Long that will take visitors to Vinh Sang Tourist Park and people's houses in Vinh Long to take a look at rural life and Tet celebrations. It costs US$45 per person for groups of ten.

Saigontourist Travel Service Co has launched a tour called Celebrate Tet with Saigonese for five hours which will take in Cho Lon by cyclo, the flower market, and other tourist destinations in HCM City. Foreign guests can also join local people in making banh tet (the cylindrical glutinous rice cake) and have a meal with a local family. The tour is priced at $30 while a tour of My Tho costs $45.

A toast to beer drinking record

The first Viet Nam Beer Festival organised by the Mekong Star JSC will attempt to break a beer drinking record in HCM City later this month.

On each day of the festival from January 21 to 23 at the Ministry Zone 7 Stadium, 5,000 guests are expected to come to enjoy the local and international beers, Vietnamese and western foods, DJs, and live music.

On the first night an attempt to break the Vietnamese record for the most people to offer a toast will be made.

Cebu Pacific adds VN flights

Philippine carrier Cebu Pacific has added two more fights to its HCM City-Manila service, and plans to turn it into a daily service next Friday.

The additions take the number of flights a week to six.

The carrier carried around 30,000 passengers to and from Viet Nam last year, and expects to increase that number in 2011, Candice Lyog, the airline's vice-president for marketing and distribution, said.

Cham culture to go on display

The Cham Cultural Exhibition Centre in Binh Thuan Province will host a week of cultural events from January 30 to February 8 for Tet (Lunar New Year).

The highlights of the events will be an exhibition of costumes worn by Cham royalty, their crowns, seals, swords, and betel nut-making accessories.

Visitors can also see musical instruments and objects used by the Cham people in festivals, farming equipment such as buffalo carts and fish traps, stone jewellery, stone statues of Apsaras — the heavenly nymph of Hindu mythology – the gods Ganesa and Avalokitesvara, and a lion, linga-yoni, and documents written in the Cham language.

Rija Nugar (New Year Festival) and folk art performances will be held every night.

Saigontourist offers yacht tour

Saigontourist Travel Service Co has announced a four-day tour to Nha Trang from HCM City which includes a yacht tour in Nha Trang on board the four-star yacht King.

In Nha Trang, the yacht tour will start at the wharf in front of King Bao Dai's palace before cruising to Tre, Mun, Mot, Mieu, and Tam islands.

Visitors will cruise around Mun for swimming in the ocean, coral reef diving, and fishing before stopping at the Tri Nguyen Aquarium. Tourists on board the $1 million yacht can also request to stop at sights along the way.

The first batch of tourists will leave HCM City on January 22 and there will be one every Saturday. More information about the tour that will cost VND3.4 millon to 5.7 million is available at www.dulichtet.com . —VNS

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