Real estate M&A deals hindered by bad debts
Real estate M&A deals hindered by bad debtsVietNamNet Bridge - Foreign capital flow into the real estate market has accelerated M&A deals, but analysts warn that bad debts for property loans are a hindrance in the M&A market. Capital keeps flowing into real estate projectsA report from the Foreign Investment Agency (FIA) said that by January 20, foreign investors had poured $53.2 billion into Vietnam’s real estate market. Dang Xuan Minh, CEO of AVM Vietnam & Vietnam M&A Forum, said the total value of the M&A deals in the real estate market in 2017 reached $2 billion. There is no official report about real estate bad debts, but analysts believe the figure is high. US$1=VND22,000RELATED NEWSReal estate market to prosper thanks to stock upswingWhy do real estate developers want to legalize condotels?
Source:VietNamNet News
April 10, 2018 09:11 UTC
Turkish tales come to Vietnamese readers
Turkish tales come to Vietnamese readersA book of Turkish tales, containing 200 small humorous stories about Nasreddin Hodja, was launched in Hanoi recently. Humorous Tales About Nasreddin Hodja comes to Vietnamese readers with 60 beautiful illustrations by artist Nguyen Toan. — Photo vietnamnet.vnThe 127-page book, titled Humorous Tales About Nasreddin Hodja, was translated from English version into Vietnamese by writer Di Li, with 60 illustrations by artist Nguyen Toan. “Nasreddin Hodja is a satirical Sufi,” said Turkish ambassador Akif Ayhan at the launch of the book last Saturday. Li, who reads a lot of books on Turkey and its people in English, including small tales about Hodja, finds a similarity between the tales of Hodja and Vietnamese Trang Quynh.
Source:VietNamNet News
April 10, 2018 08:48 UTC
Vietnam’s space industry makes strides in 10 years
Vietnam’s space industry makes strides in 10 yearsVietnam’s space industry has gained significant development in the 10 years since the launch of its first satellite Vinasat-1 (April 18, 2008). Ariane 5 rocket with Vinasat-2 on board on its way to the launch pad in Guiana Space Centre in 2013In 2006, then Prime Minister Phan Van Khai approved the strategy for Research and Application on Space Technology for Vietnam’s socio-economic development. Almost two years later, Vietnam Post and Telecommunications Group signed an agreement with Lockheed Martin of the US on the creation of the Vinasat-1 satellite. The launch of Vinasat-1 in 2008 marked a milestone of the country’s space industry. The Hanoi-based Vietnam Space Centre under the Vietnam National Satellite Centre (VNSC) is a significant project which will be responsible for research and management of small satellites observing the Earth and Vietnam.
Source:VietNamNet News
April 10, 2018 08:37 UTC
New expressways ferry confusion and danger
New expressways ferry confusion and dangerVietNamNet Bridge – Expressways constructed at a cost of several trillions of dong have become staging grounds for serious safety violations, mainly due to drivers’ and local people’s ignorance of the roads’ design and signage, Thanh Nien (Young People) newspaper reported. Disappearance of safety barriersLocal people living along expressways often destroy safety barriers and sell them for scrap. Animals run freely along the Hanoi-Lao Cai Expressway. However, in Vietnam, many expressways do not meet this standard because the majority of expressways run through farming areas. Traffic experts proposed widening the distance so that people can no longer encroach on land to run businesses along expressways.
Source:VietNamNet News
April 10, 2018 08:15 UTC
Moody’s gives positive ratings to three commercial banks
Moody’s also raised the baseline credit assessment (BCA) for four Vietnamese commercial joint stock banks. — Photo thuongtruong24h.vnThe banks are Asia Commercial Joint Stock Bank (ACB), Military Commercial Joint Stock Bank (MBBank) and Viet Nam Technological and Commercial Joint Stock Bank (Techcombank). Moody’s also raised the baseline credit assessment (BCA) for these three banks from B2 to B1. At the same time, Moody’s has affirmed the long-term local- and foreign-currency deposit and issuer ratings of Viet Nam Prosperity Joint Stock Commercial Bank (VPBank) at B2 and upgraded the bank’s BCA to B2 from B3. The upgrade of VPBank’s BCA takes into account the bank’s high profitability, as well as its improved capital buffer.
Source:VietNamNet News
April 10, 2018 08:03 UTC
Designer Cong Tri to open Vietnam Int’l Fashion Week
Designer Cong Tri to open Vietnam Int’l Fashion WeekVietNamNet Bridge – Fashion designer Nguyen Cong Tri will present his latest collection at the four-day Viet Nam International Fashion Spring-Summer Week 2018 (VIFWS 2018) in HCM City on April 19. He participated in Tokyo Fashion Week 2016 and 2017. He has also taken part in leading fashion events at home and abroad, including Viet Nam Fashion Week, London Fashion Week, Origin Passion and Belief Fair in Vicenza, Italy. At the four-day event VIFWS 2018, Tri will join 30 other foreign and Vietnamese fashion designers and brandname labels. The VIFWS 2018 will include more than 100 items to be worn by dozens of fashion models from Hanoi and HCM City.
Source:VietNamNet News
April 10, 2018 05:03 UTC
Vietnam's US$2 billion cosmetics market controlled by foreign brands
Vietnam's US$2 billion cosmetics market controlled by foreign brandsVietNamNet Bridge - Vietnamese spend an average of $4 a month per capita on beauty products and services, while women spend VND140,000 (nearly $6) a month. Every Vietnamese woman spends $6 a month on cosmeticsA report from Mintel shows that the value of the cosmetics market may reach $2.35 billion by 2018. Noting that the figure was $1.78 billion, Vietnam has had the highest growth rate in the cosmetics industry. However, Vietnam-made products are still unpopular.Foreign brands are dominating the cosmetics market, especially the high-end market segment. RELATED NEWSAnother cosmetics brand bought by foreign companyNatural cosmetics are vitalisedKim Chi
Source:VietNamNet News
April 10, 2018 05:03 UTC
District official jailed for stealing from the poor
District official jailed for stealing from the poorVietNamNet Bridge – The provincial People’s Court in the southernmost province of Ca Mau yesterday sentenced former head of Tran Van Thoi District’s Labour Department to 16 years in prison for stealing more than VND2 billion (US$87,700). According to the verdict, between 2008 and 2013, Nguyen Minh Canh and three other district officers falsified invoices to steal VND2 billion that should have gone to social welfare beneficiaries. Canh’s accomplices were also sentenced from nine months to six years for the same charges. Police also found that Canh stole VND77 million ($3,400) from the district Gratitude Fund - a fund through which individuals and organisations donate to help the Government care for people who contributed to the nation. Source: VNS
Source:VietNamNet News
April 10, 2018 05:03 UTC
Vietnamese cyclist wins Tour of Thailand’s second stage
Vietnamese cyclist wins Tour of Thailand’s second stageNguyen Thi That of Vietnam overcame powerful rivals to win the second stage of the Tour of Thailand on April 9. Nguyen Thi That ( first left) and other cyclists on podium of the Tour of Thailand’s second stage. The Vietnamese cyclist, who wore the jersey of the World Cycling Centre, took over the 117km stage from Bung Kean Nakhon to Baan Fang in two hours, 46 minutes and five seconds. She was followed by Kajihara Yumi of Japan and Maneephan Jutatip of the hosts. The last stage, is due to be held on April 10, is 113km around Bung Kean Nakhon.
Source:VietNamNet News
April 10, 2018 04:52 UTC
Vietnam to defend against Australia at Asian Cup
Vietnam to defend against Australia at Asian CupVietNamNet Bridge – Coach Mai Duc Chung asked his players to forget their loss to Japan and focus on the upcoming match against Australia at the Asian Women’s Cup tomorrow. — Photo vff.org.vnIn their first match of Group B, Vietnam were defeated 0-4 by the defending champions. In the coming matches, these mistakes must be limited as the Asian runners-up Australia were also a very strong team. Stajcic praised the mental fortitude of the Southeast Asian Games champions, saying Vietnam conceded an early goal but fought hard for the whole 90 minutes. It doesn’t matter if we’re playing Vietnam or the USA or Germany or France – we want to win every one.”Source: VNS
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April 10, 2018 04:30 UTC
Ho Chi Minh City seeks stronger partnership with Japanese universities
Ho Chi Minh City seeks stronger partnership with Japanese universitiesChairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong has visited several universities of Japan to seek partnership with the facilities to serve the city’s development. The Ho Chi Minh City delegation visits Tokyo University of Science in Suwa (Source: sggp.org.vn)In Tokyo University of Science in Suwa, Phong said that Ho Chi Minh City plans to develop a smart city with an area of 22,000 hectares and population of 1 million people, facilitating the city’s engagement in Industry 4.0. Matsumoto Dental University and Ho Chi Minh City should discuss partnerships in education and training, especially in new scientific sectors. Working with the association of production promotion of Suwa, the Ho Chi Minh City leader said that with high growth, the city is a popular investment destination for Japanese investors. Earlier, Phong and the Ho Chi Minh City delegation also visited Mikuro Spring and Komatsu Seiki Kosakusho companies.-VNA
Source:VietNamNet News
April 10, 2018 04:07 UTC
Hatchery project to save sea turtles in Cu Lao Cham
Hatchery project to save sea turtles in Cu Lao ChamA marine project is underway in the central province of Quang Nam to save sea turtles as part of a local effort to protect the biodiversity in Cu Lao Cham (Cham Island) Marine Protected Area (MPA). A sea turtle hatched in Cu Lao Cham is released to the sea. The project aims to evaluate the ecological environment of the coastal areas in the Cu Lao Cham MPA where sea turtles used to nest and natural and human impacts on these areas, said Le Vinh Thuan, deputy director of the Cu Lao Cham MPA management board. It expects, by 2020, sea turtles will return to shore around Cu Lao Cham to nest. According to Vu, in the past, there were nine beaches around Cu Lao Cham where sea turtles often came to lay eggs.
Source:VietNamNet News
April 10, 2018 04:07 UTC
Zuckerberg testifies: Seven things to look out for
Zuckerberg testifies: Seven things to look out forMark Zuckerberg has been preparing for his biggest test yet as Facebook chief executive - facing not one, but two congressional hearings. So here's what to look out for as Mr Zuckerberg heads to the Hill this week. But that won't stop Mr Zuckerberg trying to pull in other technology companies to this debate, even if not explicitly by name. Watch out for moments that may seem like major concessions by Mr Zuckerberg but are actually anything but. Given what we know now, lawmakers might be minded to ask Mr Zuckerberg if his company lived up to both of those important pledges.
Source:VietNamNet News
April 10, 2018 04:07 UTC
Social News 10/4 (Hourly Updated)
The seminar was part of a national project on the conservation and promotion of traditional music genres of ethnic minorities. A warehouse of a household appliance company in the central province of Ninh Thuận was burnt down on Sunday. Vietnam festival attractive to visitors in Japanese prefectureVietnam Festival in Japan’s Aichi prefecture has become one of the most attractive festivals in the locality. This will be the sixth edition of the National Festival of Traditional Then Singing. The central city of Da Nang is a regular destination for Pierre’s annual world cooking tour.
Source:VietNamNet News
April 10, 2018 03:35 UTC
More VN businesses join global supply chains
More VN businesses join global supply chainsAt least 29 Vietnamese businesses have joined global supply chains, according to the HCM City Centre of Supporting Industry Development. Local businesses’ improved production quality has helped them gain contracts to become suppliers to major companies. — Photo www.sggp.org.vnBac Viet Technology Joint-Stock Company, for example, has become a supplier of plastic electronic components and precision samples for Samsung Electronic Viet Nam and Samsung Electronics Viet Nam Thai Nguyen. Shim Won Hwan, director of Samsung Electronic Viet Nam, said that Samsung expected to have 50 suppliers from Viet Nam by 2020. HCM City’s Department of Industry and Trade has selected businesses that show high potential to take part in the business innovation programme.
Source:VietNamNet News
April 10, 2018 03:33 UTC