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Ministry says no new cement plants until 2020

Ministry says no new cement plants until 2020

A cement factory in Hai Phong City Vietnam will stop investing in new cement factories until 2020 as supply is increasingly outpacing demand, the Ministry of Construction has said.

In a note to city and provincial People’s Committees nationwide, the ministry said Vietnam had invested in 97 cement production lines with a total capacity of 57.4 million tons per year as of the end of 2009. Another 13 production lines are expected to add 11.72 million tons this year. That output will exceed domestic demand by around two million tons, according to the note. The ministry expects that current facilities will be producing 102 million tons a year by 2020, seven million tons more than projected national demand. The ministry said its request to suspend all cement investment was approved Deputy Prime Minister Hoang Trung Hai, who said the move would help the local cement industry develop more healthily.

Mobius may seek shares in ‘cheap’ Vietnam, Nigeria

Investor Mark Mobius said he may buy more shares in the “particularly cheap” frontier markets of Vietnam, Nigeria, Kazakhstan and Ukraine even as developing nations face a “correction” that may exceed 20 percent.

“We’re finding some very interesting opportunities in those markets,” Mobius, who oversees US$34 billion of developing-nation assets at Templeton Asset Management Ltd., said in a Bloomberg Television interview in Singapore. Still, liquidity may be an issue for some of the markets, he said. Emerging markets are attracting more money to initial public offerings than developed nations for the first time, a warning sign that the record rally may turn into a 20 percent decline, Mobius said earlier this week. The MSCI Emerging Markets Index has gained 2.5 percent in the first four sessions of the year, extending last year’s 75 percent rally, the biggest since data began in 1988. The MSCI Frontier Markets Index is valued at 9.3 times estimated earnings after rising 7 percent in 2009, compared with 13 times for the emerging markets measure. Mobius had predicted the gains in emerging markets as early as March 23, when he told Bloomberg Television that developing- nation equities are building the base for the next “bull- market” rally. Correction While the bull market will continue, it is ripe to be interrupted by a correction of 15 percent to 20 percent “or more,” possibly triggered by increased initial public offerings or as governments reduce money supply, Mobius said Thursday. Any correction would offer investors an opportunity to resume stocks purchases at attractive prices, Mobius said. Templeton took advantage of the credit crisis in Dubai to purchase shares at lower levels, he said. Mobius last month said Emaar Properties PJSC, which opened on Jan. 4 the world’s tallest tower, may lead a recovery among “bombed-out” United Arab Emirates developers after the Dubai debt crisis sent stock prices plunging. The shares have gained 58 percent from its Dec. 9 low. Templeton is still finding stocks at “good valuations,” he said. Companies in the MSCI Emerging Markets Index are trading near the highest levels relative to earnings since 2000. IPOs in developing economies raised $77 billion last year, exceeding industrialized nations by 160 percent, annual Bloomberg data starting in 2000 show. Within the smallest developing markets, Sri Lanka’s stocks, last year’s best performer in Asia, have “gone up a little bit too high and we would like to see a correction from where we are now,” Mobius said. In Latin America, Templeton has become “cautious” on Argentina, while Venezuela and Ecuador are “not looking too good,” he said. Among commodities, Mobius said he expects fuel prices to move up more “dramatically” because of the freezing weather across the Northern Hemisphere.

A bird in the bush is worth two in hand

A bird in the bush is worth two in hand

A Briton living in Vietnam indulges in his lifelong passion, birdwatching, and calls the country a birders’ paradise.

Richard Craik (L) with American tourists Robert and Nancy Dean from Florida on a recent birding tour in Da Lat in the Central Highlands. Richard and his Vietnam Birding tour company offers birdwatching and cultural tours in Vietnam and Cambodia, Laos, and Thailand. Richard Craik, who has been living in Vietnam for 17 years and is now head of the Ho Chi Minh City-based Vietnam Birding tour company, calls Vietnam an extraordinary place to enjoy nature and be a birder. “I’ve been interested in birds since I was a child in England. I used to go birdwatching in the countryside around my home in Hertfordshire, 40 km north of London. When I started work I didn’t have time for birding and it wasn’t until I came to Vietnam that I started becoming interested in birds once again.” Explaining why he chose Vietnam to settle down and start his business, he says of all the countries in mainland Southeast Asia, it has the highest number of bird species found only here and nowhere else – or endemic, in birders’ parlance. “I think it’s probably because Vietnam is such a long narrow country, and there are many different habitats for birds.” In the south are the wetlands of the Mekong Delta, then there are the lowlands along the coast, the mountains of the Da Lat plateau and Central Highlands, and the Hoang Lien National Park right up in the far northwest of the country, he lists. THE BIRDER Richard Craik has been working in Vietnam since 1992, mostly doing mainstream, cultural, and popular tours for inbound visitors. In 2007, he started the Vietnam Birding tour company which offers birdwatching and cultural tours in Vietnam, Cambodia, Laos, and Thailand. “I decided it was time for a change. I was in international marketing, traveling overseas to trade shows in Europe, America, and Australia. I wanted to spend more time in Vietnam with my family.” He married his Vietnamese wife, Lan, who also helped him learn Vietnamese. Richard with his wife Lan and five-year-old daughter Carmen at Bach Ma National Park earlier this year The park is located in the Hoang Lien Son mountain range in Sa Pa and Than Uyen districts, Lao Cai Province, and includes Southeast Asia’s highest peak, Mount Fansipan (3,143 m). “In this park, you can find many bird species that are usually found only in southern China or the Himalayas,” he says. Craik’s favorite birding spots include the Da Lat plateau which has several endemic species and has been recognized by BirdLife International as one of five Endemic Bird Areas in Vietnam. The other spots are the Hoang Lien Mountains, Cat Tien National Park straddling Dong Nai and Lam Dong provinces which have the largest remaining area of lowland evergreen forest in southern Vietnam, and the Mekong Delta. Why birding? One of the things he finds interesting about birding is that it connects with nature and offers “total relaxation.” “Often when you are birding, it will be just you, alone in the forest with the birds and animals. There are no cars, no motorbikes, no telephones, no emails. So you really do get back to nature and away from everything that’s involved in our everyday life.” The other factor that makes it interesting for him is the skill birders have to learn to locate birds. “It is a little like being a detective or a hunter, but instead of hunting, you are using the same skills just for the pleasure of seeing them. So you have to put together all the clues like a detective – you have to think about the habitat, the time of year, the altitude, the weather, and many other factors. “Birding can be as extreme or as leisurely as you like. But mostly a typical day’s birding would involve walking five to 10 kilometers at a very relaxed pace with plenty of stops.” Extinction and protection Extinction is a real possibility for many endemic species in Vietnam since their numbers are low and the range where they live is very restricted, Craik warns. “If the forest in the mountains where some of the birds live is cut down, then the birds will disappear. They will become extinct.” Historically the Mekong Delta would also have been of great interest but much of the bird habitat comprising grasslands and mangrove forest has been lost over the years to agriculture and aquaculture and with it many of its unique bird and mammal species, he says. Forest protection is a problem in Vietnam and even in national parks, it is difficult to protect the forest from poachers and loggers, he explains.

Pimps hook sex workers by claiming to pay bail

Pimps hook sex workers by claiming to pay bail

Prostitutes seek Thanh Nien’s help to escape the clutches of their vicious pimps.

Prostitutes on Nguyen Chi Thanh Street in Ho Chi Minh City. Many sex workers have sought Thanh Nien’s help against pimps who they claim enslave them by putting up bail money when the women are taken in by the police and then demanding usurious interest. Lai, a young woman from the Mekong Delta, was forced to sell sex during her pregnancy and only had 30 days’ rest after delivery to repay a debt her pimp and father of her child said she owed him. She allegedly incurred the debt of VND30 million (US$1,624) when the pimp, identified only as M., paid bail for getting her released after she was picked up by the police. Lai is among several young women who have managed to escape from their pimps’ debt traps and told their stories to or sought help from Thanh Nien. Lai, whose name means “mixed blood,” was born to an Indian father. Her career as a prostitute began when a woman from Ho Chi Minh City asked her to work in the city to earn money to send to her sick mother. The woman, who was married to M., let Lai live in their house and treated her kindly. When Lai grew up into a pretty girl, however, she asked her to “sell” her virginity. The first client paid VND10 million ($541) and Lai got VND3 million ($162) to pay her mother’s medical costs. She then began to work as a prostitute. One time the police caught Lai marking the beginning of her travails. M. forced her to work more to return the money together with interest. Sometimes when he found Lai sleeping while waiting for customers on Xo Viet Nghe Tinh Street in Binh Thanh District, he would pull her hair and punch her. Other prostitutes standing nearby got the same treatment if they tried to intervene. Lai tried to escape several times and succeeded last year by pretending to go and buy medicine for the child. She told her story to Thanh Nien earlier this month. M. is also known to pimp for several other prostitutes whom he forces to work even they are sick or menstruating. Several of them told Thanh Nien correspondents – who pretended to be prostitutes themselves for the story – that it was suspicious how they would be caught by the police whenever they had accumulated a large amount of money. It was as if their pimps had set the police on them, they said. The pimps would then tell them about the bail money and soon it became a vicious cycle that kept them enslaved. He who must not be named Two pimps wait for customers on Nguyen Chi Thanh Street in HCMC Prostitutes plying their trade around Thi Nghe Bridge connecting districts 1 and Binh Thanh talk about a pimp whom they dared not name but only refer to as “you know who” and his victim Sen. Sen was illiterate but attractive and she earned around VND1 million ($54) every day for the pimp. After three months, she asked to send her money home to her sick parents and the pimp promised to give it to her the next day. That very night she was taken in by the police. He claimed to bail her out by paying VND50 million ($2,707) but in two months her debt had risen to VND120 million ($6,497) with the addition of interest. But since her pimp promised to let Sen go home for Tet (Lunar New Year), she worked even harder but was again caught on lunar New Year’s Eve. He again paid her “bail” money and forced her to stay and work during the holiday. Sen too managed to escape last year after realizing she could never clear her so-called debts. Another woman, who just called herself Hue, became a prostitute for a different pimp after her husband was jailed for selling drugs and she was unable to feed her two children and mother-in-law. “There were days when I waited from morning till night with no customers showing up. And I had to borrow money [from the pimps],” the 23-year-old said. In March, she borrowed VND3 million from a pimp known only as L., who allowed her to repay VND150,000 a day. She paid for 12 days but stopped for the next 10 because she fell sick and could not work. When the pimp said she had to start afresh Hue chose to flee. She was assaulted by pimps “so many times that I don’t even remember how many” when she did not repay the money. “They would beat me on the street, take all my cash and cell phone, and still force me to pay more. “Recently, I was beaten three times in just 10 days.” Thao, 26, was indebted to the same pimps after the police caught her cruising around on a motorbike looking for clients. She was told she owed VND10 million, including VND3 million for interest. But Nguyen Van Giau, chief of police of Ward 9, District 5, who took her in, said they had released Thao and the motorbike on her mother’s guarantee. Thao said she had paid the pimps VND14 million but they kept saying “not enough yet.” They stopped her in early August, took all her money and asked for a further VND4.5 million, Thao said when she came to the Thanh Nien office in HCMC’s District 1 to appeal for help. “They threatened to beat me up every time they see me if I don’t pay more. I know they will and can do that because other girls and I have been beaten and nobody dared interfere.”

Hanoi's 'tube' dwellers vow to stay in ancient quarter

Hanoi's 'tube' dwellers vow to stay in ancient quarter

A picture taken on December 7 shows pedestrians on Dinh Liet Street in Hanoi's Old Quarter. Tradition and convenience of location mean cramped houses are not a deterrent.

She stands in the narrow doorway, a dark tunnel stretching behind her, illuminated by a patch of light half a block away. Inside the tunnel are tiny rooms the old woman and her family call home. "I enjoy living here and I will die here," says the 83-year-old, her mouth stained red from chewing betel nut. She declined to be named. The stream of tourists passing her tunnel in Hanoi's Old Quarter could easily miss it, along with the many similar dark spaces throughout this neighborhood whose roots go back almost 1,000 years. As much as life in the Old Quarter is lived on the noisy, crowded streets, it also takes place - unseen by casual visitors - inside these long, narrow homes known as "tube houses." Civic authorities have deemed many of these homes unsuitable. They are seeking approval to move about one-third of Old Quarter residents to highrises to improve their living conditions, state media reported. "We share the same toilet with dozens of others," says Tran Dinh Nam, who has spent all of his 45 years in one Old Quarter house and is proud of his neighborhood. He and other tube dwellers vow to stay put. "I don't want to move anywhere else, even to the next street," says the old woman who has lived in her house for 60 years. Her quarters were not always as cramped as they are now. She said the tunnel is a relatively recent addition, dividing her family's space from that of others whose entry doors open onto the dark corridor. Such renovations are typical, says a booklet based on research by Hanoi's Ancient Quarter Management Board and Japanese universities. "If there is an empty space, a dwelling will be built on it," the booklet says. "Almost every available space between existing buildings has been developed or infilled." The Vietnamese capital in 2010 will celebrate its 1,000th anniversary, and the Old Quarter has been its heart throughout. The district developed around 36 streets named for the goods once made and sold there. Hang Bac, where the old woman lives, became known for its silversmiths. Jewelers still ply their trade on Hang Bac, but are now side-by-side with an abundance of other businesses: a bakeshop, a small hotel, travel agencies and a cafe offering Western food for passing backpackers. It is a scene repeated throughout the Old Quarter, where pedestrians weave past sidewalk vendors selling drinks and snacks. The narrow streets are filled with motorcycles and the ear-splitting sound of their horns. "The density in here is too high," says one Old Quarter resident familiar with the redevelopment plan. "They want to move people out, make a better life," he said, adding that the plan has been proposed but not yet approved by civic officials. There are 21,900 households in an area of less than 100 hectares (247 acres), the Ancient Quarter research booklet says, citing a 2006 census. "In many houses, an entire family may occupy no more than a single room," it says. Nguyen Thai Hau, 63, has lived almost 50 years at a house on Hang Ca Street, named for the fish once sold there. She says her house, built in the 1940s, originally belonged to one wealthy man and his wives. "Now there are six households here with about 30 people," she says. Reached through a short tunnel, the two-story structure rises from a courtyard where Hau washes rice for cooking in a small kitchen. "Of course, the living conditions are not good… but we are used to it," says Hau, whose family sells clothes from the sidewalk in front. Her 30 square meters of space (322 square feet) is small but, like others in the Old Quarter, is extremely valuable. "It may reach nearly VND20 billion (over US$1 million) this year, I guess. I did not sell it as my elder son refused to go anywhere else. He said it is easier living here, at the center of Hanoi." Others agree the convenience of Old Quarter living compensates for the lack of amenities. Tradition is also a factor, says the old woman on Hang Bac. She says some residents have bigger houses elsewhere "but still no one wants to sell because these are the houses of the ancestors." The state's Viet Nam News said the plan calls for moving 25,000 of the area's 84,000 residents, beginning late next year when 1,900 households will go to a new development called Viet Hung, across the Red River. With its wide streets and broad sidewalks devoid of almost all people and vehicles, the mix of high- and low-rise apartments certainly has something the Old Quarter lacks: a feeling of space. That is not enough to entice Nam, the life-long Old Quarter inhabitant with a shared toilet. "We don't want to live in a high-rise block," Nam says. "We are not used to it." Nobody will be forced to go, said the other local resident, who is familiar with the plan. Authorities will take time to find out what people will need to make them feel comfortable in their new neighborhood, he said. "This is a very difficult project. We have to spend lots of time to study," he said. As a first step, after two years of negotiation, several families who squatted inside a Hang Bac Temple have been moved to new accommodation and given compensation, he said. The overall relocation plan should not affect the Old Quarter's character, he added, countering the fears of some foreign tourists. "It would destroy it," said Jean Kennedy, 65, an Australian archeologist. "This is a living city." Cha So -Yeon, 29, of South Korea, said the area's street activity appealed to her. "We want to see the lives of the people," she said. But Polish visitor Paul Paanakker, 54, making his second trip to the Old Quarter, said he is unlikely to return. "It's too crowded compared to Saigon," he said.

Workers turn their backs on Hanoi industrial parks

Workers turn their backs on Hanoi industrial parks

Two jobseekers look at a vacancy announcement in Quang Minh Industrial Park in Hanoi. Le Thi Hien walked away with utter discontent after glancing at a steel company’s job vacancy announcement at Quang Minh Industrial Park in Hanoi.

“The salary is too low, even lower than that of a domestic help in the city. Moreover, the workplace is noxious,” she said. The 19-year-old from Thanh Hoa Province, 150 km south of Hanoi, intended to continue working as a nanny for a family at a monthly salary of nearly VND2 million ($105). The low salaries are partly the cause for the inability of many firms based in Hanoi industrial parks to find workers and meet the increasing orders coming in following the economic recovery. At the Noi Bai and Quang Minh parks, job vacancy announcements can be seen everywhere on company gates, trees, and electric poles. Most firms are seeking to employ mainly women workers for seasonal work in the garments, woodwork, footwear, steel, and electronic sectors. A producer of home decorations for export in Quang Minh Industrial Park has even put its recruitment notice at the park gate. It requires 200 workers aged 20-35 and offers a monthly wage of VND1.5 million. “Few people have applied since the firm made the announcement (on December 25),” Luu Van Du, a security guard at the park, said. “There are days when just a single person applies.” The situation is no better at the Thang Long Industrial Park, which houses mostly foreign-invested firms, where there are dozens of recruitment announcements, many for hundreds of employees. Most firms offer to pay accommodation and transport allowances and health and social insurance premiums and promise regular raises. But few people stop to read them. Nguyen Thi Thu Hang, a personnel officer at steel production and trading firm Trang An based in Quang Minh Industrial Park, said recruiting workers has become a widespread problem in the industrial park. Despite putting up recruitment notices a long time ago and offering a salary of over VND1 million, her firm has been unable to find 50 seasonal workers. Dang Minh Thuan, vice chairman of the Hanoi Labor Federation, said, “Most firms in industrial parks face a shortage of workers, especially manual workers.” Firms have begun to receive more orders as exports rebound on the back of the economic recovery, but rural people now prefer higher-paying jobs in the city instead of working at industrial parks unlike in the past, he said. Many others do not want to leave their villages before Tet (lunar New Year), he said. Some firms are also grappling with a labor shortage because they axed a large number of workers in late 2008 at the height of the recession, he added. Nguyen Thi Thuy, who works for Marumitshu, a company producing woodwork for export, said of the seven employees in her division, none have worked for more than a year. “The work is hard while the salary is low. So we are ready to leave at any time for better jobs. Our company always faces a laborer shortage and makes recruitment announcements almost all year round.” Bustling mobile labor market In contrast, the migrant labor market has begun to bustle at the year end. Hundreds of workers gather near Hanoi markets on streets like Giang Vo, Nguyen Trai, and Minh Khai looking to work as porters, masons, and housekeepers. The migrants, uneducated, unskilled and hailing from poor rural areas, come to the city to augment their meager incomes following harvests and other seasonal farm work. The number of these workers has surged in recent days since it is a good time for them to find high-paying jobs because of the increasing demand for people who can clean and decorate houses and offices, work as domestic help, and make candies and cakes for the lunar New Year which falls on February 14. Waiting on a sidewalk along dusty, crowded Giang Vo Street, 38-year-old Tran Van Nam of Ha Nam Province said, “Normally, there are some 20 people waiting for work here. But now the number has increased to 100.” Nam earns VND70,000-200,000 a day, depending on his work. “The number of working hours is often fewer than at a company while the income is the same. So I do not intend to work in industrial parks.”