VN-Index dragged down by large-cap stocks
VN-Index dragged down by large-cap stocksVietnamese shares declined on April 18 as selling pressure hit many large-cap stocks. Insurance and banking stocks fell 3.26 percent and 2.99 percent, respectively, though they were the main driving factor pushing the VN-Index the previous day.The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) lost 14.75 points to close at 1,138.53 points. There were 24 declining stocks and five gainers while one ended flat.The HNX30 Index, tracking the HNX’s 30 leading shares in terms of market capitalisation and liquidity, edged down 3.32 points to 247.35 points. Some 41 million units were traded at 744 billion VND (32.67 million USD).UpCoM Index on the Unlisted Public Company Market (UpCoM) declined by 0.3 point to 59.03 points. A total of 10 million units worth 215 billion VND (9.44 million USD) were traded.The VNXALL-Index, the common index between the southern and northern bourses, lost 15.39 points to 1,589.18 points, with 183 million units valued at around 4.59 trillion VND (201.49 million USD) traded.-VNA
Source:VietNamNet News
April 18, 2018 13:41 UTC
Doors still open for Vietnamese tra fish in US: VASEP
Doors still open for Vietnamese tra fish in US: VASEPVietnam’s tra fish exporters can still access the US market despite the US Department of Commerce (DOC)’s imposition of high anti-dumping duties on Vietnamese tra fish, said Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe. Therefore, the door to the US market is still open for Vietnamese tra exporters, according to Hoe. It is necessary to lower prices of Vietnamese tra and basa fish to compete with other aquatic products in the US, he said. According to the official, in the first quarter of 2018, export revenue of Vietnamese tra and basa fish exceeded 400 million USD, up about 7 percent year-on-year. Signs of recovery have also been seen in EU and South American markets, along with healthy growth in China, he added, urging greater efforts to balance the demand and supply of tra fish.
Source:VietNamNet News
April 18, 2018 10:18 UTC
Exhibition portrays Vietnamese life during liberation wars
Exhibition portrays Vietnamese life during liberation warsVietNamNet Bridge – Over 80 copies of paintings from the collection “Sketches of the Resistance Wars” are on display at an exhibition that opened on Tuesday at Dak Lak Museum in the Central Highlands province of Dak Lak. The copied version of the painting is on display at Dak Lak Museum. “The copies have been created by photographing the original paintings within ‘Sketches of the Resistance Wars’ and printing them with digital technology,” Nguyen Thuy Phuong Hieu, the general director of the museum, said. Also on this occasion, on April 28-30, an experimental programme titled “The Echo of the Forest”, will be held at the museum. Participants can immerse themselves in authentic local cultural environments by joining dances and performances of traditional musical instruments with local ethnic minorities.
Source:VietNamNet News
April 18, 2018 09:56 UTC
Increasing participation of the disabled in tourism
Accordingly, the tourism sector also needs to follow regulations to ensure accessibility for disabled persons. Accessibility for disabled persons is not taken into account in typical design or construction process. One recent initiative is building a website on accessible tourism for Vietnamese disabled persons. Handicap’s productsAside from making tourism accessible, Vietnam can also increase the role of people with disabilities in tourism by promoting their products to tourists. Tourists buying products and visiting the workshop of disabled persons can be a viable and practical form of tourism to help ensure their stable livelihoods.
Source:VietNamNet News
April 18, 2018 09:56 UTC
Vietnam takes action in GHG reduction
Vietnam takes action in GHG reductionVietNamNet Bridge – Vietnam has given top priority to measures aimed at reducing Greenhouse gas (GHG) emissions, and those that promote climate change resilience, with the aim of seeing an 8 per cent GHG reduction by 2030. “Many measures have been taken by the government to raise awareness among communities and businesses on the issue of climate change and GHG emissions. According to GCF, GHG emissions are continuing to rise, making the globally agreed target of keeping atmospheric temperature increase below two degrees Celsius more and more difficult to achieve. The current trajectory of GHG emissions rates will cause global temperatures to increase by four degrees Celsius by the end of this century. Businesses in Da Nang’s Lien Chieu Industrial Zone (IZ) have applied environmentally-friendly technologies with the aim of reducing their GHG emissions by five per cent by 2020.
Source:VietNamNet News
April 18, 2018 09:56 UTC
Historical artefacts found during Kinh Thien Palace excavation
Historical artefacts found during Kinh Thien Palace excavationVietNamNet Bridge – Archaeologist Tong Trung Tin’s excitement knew no bounds when he found dragon-shaped tiles in the debris from the excavation of Kinh Thien Palace. Pieces of dragon-shaped tiles found at the excavation of Kinh Thien Palace. — VNS Photo Minh ThuThe palace is at the heart of the Thang Long Royal Citadel in Hanoi, Vietnam’s world heritage. The excavation had been conducted by the Thang Long-Ha Noi Heritage Preservation Centre and the Viet Nam Institute of Archaeology on a total area of nearly 1,000sq.m in the main area of Kinh Thien Palace since 2012. — VNS Photo Minh ThuThe area of 1,000sq.m is excavated to discover different cultural layers of Kinh Thien Palace.
Source:VietNamNet News
April 18, 2018 09:56 UTC
CPTPP: Vietnam to feel pressure on labor quality
CPTPP: Vietnam to feel pressure on labor qualityVietNamNet Bridge - Labor costs in Vietnam are expected to be higher after commitments in the CPTPP (the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) trade agreement are implemented, experts say. Vietnam feels pressure on labor qualityNguyen Thi Thu Trang, director of the WTO Center under the Vietnam Chamber of Commerce and Industry (VCCI), said that all the provisions in the TPP related to labor are also found in CPTPP. With CPTPP, Vietnam will have to implement two groups of commitments on workers’ rights and working conditions, as well as observe the principles in the ILO (International Labor Organization) Declaration on Fundamental Principles and Rights at Work. Vietnam will not face many challenges in implementing labor commitments stipulated in Chapter 19 of the agreement as the commitments are not as strict as requested by the US in the TPP. However, the pressure will be hard for Vietnam to implement commitments in bilateral agreements between Vietnam and other CPTPP members.
Source:VietNamNet News
April 18, 2018 09:33 UTC
Golden time for logistics M&A deals in Vietnam
Golden time for logistics M&A deals in VietnamVietnam’s location with a network of cargo ports, alongside a large domestic market, leaves room for both domestic and foreign logistics firms to expand business and enter logistics merger and acquisition (M&A) deals. According to the research team of the Vietnam M&A Forum, the country is developing a policy to call for private sector investment to develop logistics infrastructure, including airports and seaports. In addition, Vietnam is looking to develop a more competitive market for logistics services. Last year, Vietnam saw a boom in M&A deals in logistics that involved both domestic and international players. Vietnamese firms mainly provide domestic logistics services such as transport service, airport, seaport and warehouse services and cargo loading and unloading services.
Source:VietNamNet News
April 18, 2018 09:33 UTC
Malaysia calls for cooperation among coast guards in East Sea
Malaysia calls for cooperation among coast guards in East SeaCooperation among coast guards of countries is necessary to deal with challenges in enforcing the law in the East Sea, a Malaysian officer has said. Admiral Zulkifili Abu Bakar, Director General of the Malaysia Maritime Enforcement Agency (MMEA), made the statement on March 17. He said that the lack of forces and facilities and the invasion of foreign fishing vessels have posed more challenges in the East Sea, adding that cooperation among countries is the key to these challenges. 2017 recorded the largest number of foreign fishing ships entering Malaysia’s waters, he said. The MMEA has cooperated with the Japan Coast Guard and the Japan International Cooperation Agency (JICA) since 2004 to strengthen its ability, he noted, revealing that Malaysia will promote cooperation with other neighbouring countries in the field.-VNA
Source:VietNamNet News
April 18, 2018 09:33 UTC
The BandFest 2018 to feature int’l stars
The BandFest 2018 to feature int’l starsVietNamNet Bridge – Internationally-acclaimed jazz guitarist Nguyen Le and his band will perform at The BandFest 2018 later this month at the Ha Noi Opera House. Smooth sounds: Internationally-acclaimed jazz guitarist Nguyen Le and his band will perform at The BandFest 2018 on April 30 in Hanoi. “Most people are not aware of the importance of a music band. Diva Linh, who has worked with her producer husband Quan to launch The BandFest, will also perform with the Nguyen Le Band. Another highlight of The BandFest 2018 will be the performance by the Yellow Star Big Band.
Source:VietNamNet News
April 18, 2018 07:07 UTC
Facebook seeks facial recognition consent in EU and Canada
Facebook seeks facial recognition consent in EU and CanadaFacebook has started asking European and Canadian users to let it use facial recognition technology to identify them in photos and videos. Facebook originally began face-matching users outside Canada in 2011, but stopped doing so for EU citizens the following year after protests from regulators and privacy campaigners. The new request is one of several opt-in permissions being rolled out in advance of a new data privacy law. The social network is also facing a class-action lawsuit in the US for deploying the facial recognition technology there without users' explicit consent. "In particular, the Irish DPC is querying the technology around facial recognition and whether Facebook needs to scan all faces - ie those without consent as well - to use the facial recognition technology.
Source:VietNamNet News
April 18, 2018 06:56 UTC
Vietnam still struggling to develop supporting industries
Vietnam still struggling to develop supporting industriesVietNamNet Bridge - Vietnam has been trying to develop support industries for 30 years, but is still finding it difficult to squeeze into the global supply chain. Vietnam vows to develop supporting industriesThe government has decided that products of supporting industries will have to satisfy 45 percent of essential needs for domestic production and consumption by 2020, and by 70 percent by 2030. However, analysts are pessimistic about the development of Vietnam’s supporting industries and the feasibility of the plan. Amid foreign direct investment (FDI) in the last 30 years, Vietnam has missed opportunities to develop supporting industries. According to the Institute for Industry & Trade Policy Research (ITPR), Vietnam had 1,383 enterprises in supporting industries, mostly operating in three fields – mechanical engineering, electronics and plastics – rubber.
Source:VietNamNet News
April 18, 2018 05:26 UTC
HCM City new administrative centre displayed
HCM City new administrative centre displayedHCM City’s Department of Planning and Architecture is holding an exhibition to show off its proposed new administrative centre. HCM City's new administrative centreAccording to the design, the city’s new municipal headquarters will include six floors and four basements, with two subterranean levels lit by natural light. The exhibition, which was started on April 16, is scheduled to last until May 1 at the city’s exhibition centre at 92 Le Thanh Ton Street in District 1. The 18,000 square-metre administrative centre will include offices for eight departments and agencies, an 800-seat meeting hall and libraries. The HCM City Department of Planning and Architecture said that the VIP area of the city’s current administrative centre will be maintained to welcome guests.
Source:VietNamNet News
April 18, 2018 05:26 UTC
Police launch campaign to combat drunk driving
Police launch campaign to combat drunk drivingThe Ministry of Public Security’s Traffic Police Department, in cooperation with the National Traffic Safety Committee, has launched three campaigns to punish traffic violators, targeting drunk drivers nationwide. Traffic police carry out random breath tests to detect drunk driving. Vice chairman of the National Traffic Safety Committee Khuat Viet Hung said the campaigns were aimed at increasing public awareness of regulations on permitted alcohol levels on the road. Of this, 350,000 violators had their driving licences revoked, and more than 632,000 vehicles were seized. Among 50,000 violators, 4,000 were car drivers and the rest were motorbike drivers.
Source:VietNamNet News
April 18, 2018 04:30 UTC
Hue Festival 2018 seeks more funding
Hue Festival 2018 seeks more fundingThe central province of Thua Thien-Hue is appealing for more financial resources to organise the 10th Hue Festival, which is scheduled to take place from April 27 to May 2. Director General of Acecook Vietnam Kajiwwara Junichi said this is the first time his company has joined the festival. It hopes to help international friends access the unique and diverse gastronomy of Vietnam through the festival. Within the framework of the festival, Carlsberg will hold a beer festival offering local and foreign beers. Themed “Cultural heritage with integration and development – Hue one destination, five world heritages”, the Hue Festival 2018 is expected to draw international art troupes from France, the Republic of Korea, the UK, Mongolia, Japan, Thailand, Russia, Belgium and China.
Source:VietNamNet News
April 18, 2018 04:18 UTC