Media Player Classic is highly recommended!
http://sourceforge.net/project/showfiles.php?group_id=82303&package_id=84358


===CODEC===
Codec 8.2 codec pack should work for this video.
Download from: 
http://www.free-codecs.com/download/Codec.htm

Or only CoreAVC Codec 1.6.0.0 + Keygen
http://www.mediafire.com/download.php?9gf1ipfzajt



===SUBTITLE===
Subtitle stream contains English translation.
Media Player Classic:
View --> Options --> Playback --> Output --> Select VMR7 (Renderless)** --> OK
Play --> Subtitles --> Enable (select English stream (plain text))


VLC:
Video --> Subtitles Track --> (select English stream)