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Thứ Ba, 29 tháng 1, 2008

Songs of sorrow

Ha Thi Cau recalls
days past when she
would travel the country
singing "hat xam" melodies
At 86, respected artisan Ha Thi Cau is finally saying goodbye to a lifetime of singing the songs of the poor.
For Cau, a nomadic life of singing is coming to an end.
At 86-years-old, it’s time to settle she says, despite the fact that her voice remains strong and captivating – just like it was when she first began to sing Hat xam music nearly 78 years ago.
Hat xam is a traditional Vietnamese style of singing – specifically performed by the poor and the blind.
It is thought to have first begun during the Tran dynasty in the 13th century.
According to historical accounts, Tran Quoc Dinh, the son of King Tran Thanh Tong, was made blind by his brother in an act of jealous rage.
Afterwards, Dinh – who loved to sing – decided to invent a style of instrument that could give a deep and mournful sound to accompany his voice.
He managed to create a unique type of violin that had just two strings.
Most hat xam songs told the unhappy fate of the poor or satirize the wrongdoings of corrupt rulers.
The musicians, often member of the same family, would wander from street to street with their two-stringed violin (dan nhi) and bamboo castanets.
They lived off of tips dropped by those passing by.
On a recent winter day while sitting in her small house in Yen Mo, Ninh Binh, Cau sadly recalled the songs of the past.
She misses them dearly, she says.
Her career began when Cau was just eight years old.
Back then, she used to go by the name Ha Thi Nam.
Little Cau would escort her father and blind mother, traversing Nam Dinh Province performing at several of the village markets.
It didn’t take her long to memorize the songs’ lyrics, and she even began practicing the refined two-stringed violin techniques of her mother.
At 12, Cau started drinking and chewing betel which she attributes to her voice becoming deeper and more sorrowful.
Everywhere she went, people were captivated with Cau’s melodies and her unique style of violin-plucking.
After her father passed away when she was 16, Cau and her mother relocated to Yen Mo, Ninh Binh, and it was where she met the district’s hat xam icon, Nguyen Van Mau.
“I think he must have put a love spell on me because I was 16 and decided to marry a 49-year-old man,” Cau jokes about her subsequent marriage to Mau.
Mau, blind from small-pox, had been living with 17 women but Cau accepted his offer and became the 18th to join his family.
“I wasn’t that pretty,” she laughs.
“In the old days, the men who performed xam songs were very popular and adored by women.”
Following the marriage, Cau continued a nomadic life with Mau and one of his wives.
Together, they journeyed from Tuyen Quang Province to Thai Nguyen, Nghe An and Ha Tinh.
Sadly, Mau became jealous, thinking she was flirting with passers-by as she sang to them.
He became abusive but Cau says she never thought of leaving him.
They had shared too many experiences together and had seen hat xam melodies grow into a true art form.
Yet eventually, when Cau turned 40, Mau left.
Not knowing what else to do, she continued singing in Yen Mo to support her and Mau’s three children.
These days, Cau is supported by her daughter’s family.
“I was so sick recently,” she recalls.
“My niece visited and borrowed my string instrument to practice her singing.
I gave it to her because I can’t sing often these days anyway.”
Though Cau was never granted an official title, most who know her insist she is a true artisan of hat xam and the songs of the sorrowful.
Reported by Ngoc Minh

Thứ Hai, 28 tháng 1, 2008

How much is the word “Vietnam” worth?

The Anholt National Brand Index, the first analytical ranking of the world’s national brands, in a recent report valued the United States trademark at about US$18 million.

In the top 10 national brands, the US was followed by countries like Japan, valued at US$6 trillion, and Germany, valued at between $3.5 trillion and $4 trillion.

In a recent get-together for journalists hosted by Unilever Corp. in Ho Chi Minh City, a group of Vietnam experts in business, culture and tourism discussed a topic that gets some people quite upset.

How should we market our national brand? What image does the word “Vietnam” conjure up in a foreigner’s mind – for some, is it still a war-torn country?

Tony Le Dinh Tuan, general director of Celadon International, said choosing and promoting Vietnam’s brand needed a global perspective.

About 160 million tourists visit Southeast Asia each year and most come to Vietnam after already traveling through neighboring countries.

For those in the tourist business, the wrong marketing campaign could promote the country as “somewhat similar to China,” Tuan said.

“I think the hidden era of Vietnam is over,” he added, referring to the slogan Vietnam - The Hidden Charm.

“We should advertise Vietnam in a more global, positive way. If we continue to be hidden, then no one will bother discovering us.”

Vu Thanh Tu Anh, director of research at the Fulbright Economics Teaching Program in Vietnam, said the country should not be satisfied with its “rising star” title, an expression that’s become almost clichéd.

“We should realize there are already many stars in the sky, countries that are way ahead of us,” he said.

In business, to market the national brand, it’s not only about choosing the right slogan; it’s about smoothing the way for foreign investors – in every aspect of life.

Even small things, such as asking airport immigration officials to smile, could make all the difference, he said.
When studying in the United States I was often surprised by how little people knew about my country.
My roommate once asked me whether Vietnam was still divided into two parts.
Though we’re considered an emerging country, economically and politically, for many young Vietnamese people, the word “national identity” never enters their minds.

But our national brand will depend on each Vietnamese presenting the best of his or herself, both inside the country and while traveling abroad.

In the end, maybe it’s not about how much value is assigned to the word “Vietnam” in the Anholt National Brand Index or about what slogan is used to lure tourists to the country.

It’s about how we are viewed by the rest of the world and how we view ourselves, so that foreigners would not just associate us with past conflict

Stocks continue to recover

The Ho Chi Minh Stock Exchange Monday continued its gains from last week, offering hope to investors that it has bottomed out.

The benchmark VN-Index gained 9.03 points, to close at 785.07, with analysts saying the recent recovery across Asia and good earnings reports contributed to the recovery.
Of the 147 listed stocks, there were 66 gainers.

After its recent falls, FPT Corporation gained for the second straight session, going up by VND4,000 to close at VND182,000.

This values the company at around US$1 billion, making it the fifth largest on the exchange.
The country’s top technology services firm said Monday its net profit rose 63.8 percent to VND877 billion ($54.5 million) last year.


The Hanoi-based company said revenues rose 27.8 percent last year to VND27.35 trillion, a company statement issued through the Ho Chi Minh Stock Exchange said.
Private equity firm Texas Pacific and Intel Capital, a unit of Intel Corp., bought a combined 10 percent in FPT in 2006 for $36.5 million.

Texas Pacific has since sold an undisclosed part of its stake, but remained a key investor, FPT said.

FPT has subsidiaries in retail sales, stock broking and fund management, and is also seeking a license from the central bank to set up a commercial bank.
Earlier this month, FPT expanded into real estate, announcing it had signed a contract for a $925 million residential town project in the central region.
It said FPT Real Estate, a subsidiary set up last year, would also begin construction later this year on a university compound, a software production zone, and other projects.

Shares in Itaco, the first listed industrial park developer, rose 3.13 percent to VND132,000.
At this price,it has a value of $820 million, the eighth largest.

Tan Tao Investment Industry Corp., to give its full name, said it hoped to increase earnings by at least 62 percent this year.

In a statement issued through the Ho Chi Minh Stock Exchange it said it expected the net profit to rise to VND600 billion ($37.3 million).

Itaco also planned to double registered capital to VND2 trillion this year and list on an overseas market, the statement said without elaboration.

Last August, the firm and London-listed Vietnam Infrastructure Limited fund said they would build an $800 million coal-fired power plant in the Mekong Delta province of Long An.
Itaco is also branching out into highway and residential property development.
Major firms gain

Other large caps like PetroVietnam Fertilizer and Chemicals, Hoa Phat Group, PetroVietnam Drilling and Well Services, Vinamilk, Pha Lai Thermal, and Sacombank, too were among Monday’s winners.

Of the three mutual funds, Manulife remained unchanged at VND8,600, Prudential rose marginally to close at VND10,100and VF1 edged down to end the session at VND22,800.
Hanoi’s HASTC-Index treaded water to close at 271.76 points.
Among its 127 listed stocks, there were 81 losers.

Foreign ownership cap to go up?

Foreign investors remained net buyers in Ho Chi Minh City, pumping in VND95.87 billion ($6 million) in shares of Pha Lai Thermal Power, PetroVietnam Fertilizer and Chemicals, PetroVietnam Drilling and Well Services, Vinamilk, and Vinh Son Hydropower.

Vietnam News quoted Vu Bang, chairman of the State Security Commission, as saying the government could raise the foreign ownership cap for stocks traded in the Hanoi over-the-counter market.

The ceiling could go up to 49 percent, and to 100 percent for some stocks, the newspaper reported, without being more specific.

Nguyen Vu Quang Trung, a deputy director at the center, said in an interview last November that foreign investors were now allowed to own up to 30 percent of a company.

Source: Thanh Nien, Bloomberg, Reuters

Traders want Vietnam gov’t to rescue stock market


The glow has dimmed on Vietnam’s young stock market and foreign fund managers and traders say a recovery is unlikely without an easing of ownership rules and more accurate valuations of new listings.

While the January slide of the benchmark VN-Index mirrored other regional indexes, domestic influences such as tighter monetary policy and caps on foreign ownership were seen as more significant than the global credit crisis and talk of a US recession that have weighed on more developed markets.

Foreign investors had hoped several new large share offerings would spur capital markets development in Vietnam.
But this month, Vietnam’s market regulators urged companies to consider further delaying share issues because they believe the stock market may not be able to absorb the securities on offer.

Source: Reuters