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Amnesty for 8,000 prisoners including activists

31/Jan/2005 VoAVietnam plans to release some political dissidents as part of a larger amnesty for the Lunar New Year. The amnesties come ahead of a deadline for the United States to decide whether to impose sanctions on Vietnam over its policies on religion.

It is tradition in Vietnam to release large numbers of prisoners for the annual Tet festival. But this year, the government decided to include two of its most prominent critics.

Roman Catholic priest Father Nguyen Van Ly and physician Nguyen Dan Que are to be freed along with about 8,000 other prisoners ahead of the Lunar New Year, which begins February 9. Both were jailed for speaking out against the ruling Communist Party.


Top 200 American businesswomen to meet in Vietnam

31/Jan/2005 VietnamnetThe International Data Group (IDG) in announced it would combine with the Vietnam Chamber of Commerce and Industry (VCCI) to organise a meeting of the Club of 200 leading American businesswomen (C200) in Hanoi in April.

This club comprises 200 businesswomen who lead companies with an annual turnover of more than US$250 million or private establishments with annual revenues of US$15 million.


US insurer licensed

01/Feb/2005 Business WireACE INA announced today that it has been advised by Vietnam's Ministry of Finance that its application to establish a wholly-owned life insurance company in Vietnam has been approved and expects to have a license by mid-year. ACE will immediately proceed toward the establishment of its operation in Vietnam.


Telecoms firm cuts long-distance charges

28/Jan/2005 Thanh NienTelecoms service provider VDC recently announced it would cut charges on international phone calls made via internet protocol technology by 4 to 17% as of February 1.

International calls made by voice-over-internet protocol (Voip) services between 7 a.m. and 11 p.m. every day would be reduced from 0.52 US dollars per minute to 0.50 US dollars per minute, said VDC, a subsidiary of the state-owned telecoms giant Vietnam Posts & Telecommunications.

The company added that international calls made between 11 p.m. and 7 a.m., Sundays and holidays would be even lower at 0.35 US dollars per minute, down from the current 0.42 US dollars per minute.


Vietnam lags behind in copyright protection: conference

30/Jan/2005 Thanh NienParticipants at a recent international conference said the gap in copyright enforcement between Vietnam and developed countries is still wide.

The conference was co-held by Vietnam and the World Intellectual Property Organisation in Hanoi and HCM City over the weekend, reviewing three-month since Berne Convention for the protection of literary and artistic works came into effect in Vietnam on October 26 last year.


Statute on operational activities of SBV

1/Feb/2005 State Bank of Vietnam (SBV)The State Bank of Vietnam (SBV) issued Decision 30/2005/QD-NHNN dated January 12, 2005 on the issuance of the statute on operational activities of the SBV.


Vietcombank to set up US monetary transfer arm

1/Feb/2005 Tin Tuc OnlineThe Bank for Foreign Trade of Vietnam (Vietcombank) held a working meeting with the deputy prime minister Nguyen Tan Dung, representatives of the State bank of Vietnam, ministries of Finance and Interior, the Office of the Government to discuss the equitisation of this bank on January 31.

At the meeting, Vietcombank said that it is planning to establish a monetary transfer and financial company in California (the US) to transfer Vietnamese overseas remittances to Vietnam in near future.