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Hosts of the 30th Southeast Asian Games, the Philippines, have shocked participating teams by announcing all football matches in the tournament will be played on artificial turf. U22 players are in a short camping in Hanoi. Photo courtesy of VFF This will be the first time in the 60-year history of the event that the football tournament won't be played on grass. The organisers said in a meeting on Monday that matches will be held in the stadiums Rizal Memorial in Manila, Umak Football in Makati, and Binan Lagun in Laguna. Except for the Philippines and Cambodia, all other teams are currently practicing and competing on grass. They will have four months to switch to an artificial surface as the football kicks off on November 25 and ends on December 10. In Vietnam, several football clubs have grass and artificial surfaces at their facilities, but as matches are on grass “artificial surfaces are used only in raining weather” according to midfielder Trieu Viet Hung of … [Read more...] about Artificial turf to be used in SEA Games

Gold exploitation companies, both Vietnamese owned and foreign invested, are bogged down in big debts, but gold trading companies are making fat profits. Lao Cai Gold JSC released its Q1 finance report showing that it had net revenue of VND11.2 billion, a sharp decrease compared with the same period last year, and a loss of VND2 billion. By the end of 2017, the company’s accumulative loss had reached VND60 billion. In 2018, the company made a profit of VND17 billion, which means an accumulative loss of VND43 billion by the end of Q1. Lao Cai Gold JSC was established in late 2017 by five founders with the initial charter capital of VND45 billion which has increased to VND105 billion. Vinacomin, the nation’s largest coal miner, was the biggest shareholder of the gold company, but it divested all the shares earlier this year. Lao Cai is not the only unprofitable gold company. The Quang Nam provincial authorities reported many problems when shutting down the Bong Mieu mine. … [Read more...] about Gold miners continue to report losses

Between 70 and 80 percent of the unemployed are junior college (3-year training) or university (4-5 year training) graduates. The number of workers finishing junior colleges and universities accounts for the highest proportion of trained workers. However, there are only 30 workers with junior college or higher education degrees per 1,000 people, which is lower than 52 per 1,000 in South Korea and 70 per 1,000 in Japan. The World Bank found that Vietnam’s state’s investment in each Vietnamese student was very low compared with Malaysia, Thailand, Singapore and Indonesia. In 2013, Vietnam spent $645 per student, while it was $12,013 in Singapore, or 20 times higher than Vietnam. Le Ha Should there be common standards for university graduates? Higher education establishments all have announced their standards for graduates. Overseas university graduates reluctant to return to Vietnam Complicated procedures, low incomes and bad working environments explain why … [Read more...] about In Vietnam, unemployment rate among higher education graduates is higher than others

A proposal to raise the retirement age in 2021 will be tabled for discussion at the 34th session of the National Assembly Standing Committee, which is scheduled to take place on May 8-10. Vietnam plans to increase retirement age amid rapid aging Two scenarios for increasing retirement age Employees work at an apparel firm in this file photo. The National Assembly Standing Committee will discuss a proposal to raise the retirement age in 2021 on May 8 The Ministry of Labor, Invalids and Social Affairs previously, in a draft revision of the Labor Code, proposed two options for adjusting the retirement age. Under the first option, the retirement age would be 60 years and three months for men and 55 years and four months for women, starting from 2021. In the following years, three months will be added annually for men and four months for women until they reach 62 and 60 years old, respectively. Under the second option, the retirement age would be 60 years plus four months for … [Read more...] about Retirement age discussion set for tomorrow

Vietnam should extend visa exemption policies for foreign tourists to encourage more visitors to return. Viet Nam needs to extend further visa exemption policy for foreign tourists for attracting more foreign visitors coming back. — Photo baokhanhhoa.vn Tu Quy Thanh, General Director of the Federal Travel Company, said right now foreign tourists who receive visa exemptions are allowed to stay here for only 15 days, less than the average time they often want to stay. He says the visa exemption policy would need to be applied for up to 30 days like other countries because many tourists travel from the west, and 15 days is not long enough to stay here. According to tourism companies the visa policy should be reformed to create better conditions for tourists. Pham Ha, founder and chief executive officer of the Luxury Travel Company, said tourists staying longer would spend more and boost the economy. He believed the State should increase the amount of time they are allowed to … [Read more...] about Vietnam needs to extend further visa exemption policy for tourists