Property firm Vinhomes to list on HOSE
Property firm Vinhomes to list on HOSEVinhomes JSC, an arm of the real estate conglomerate Vingroup, has registered to list nearly 2.7 billion shares on the HCM Stock Exchange (HOSE). HOSE announced receiving the listing registration documents for the shares of Vinhomes on April 2. Vinhomes operates in the high-end residential property segment, offering luxury serviced apartments and villas developed by Vingroup JSC. Vingroup is a multi-disciplinary business group, operating in the segments of real estate, retail, hotel and leisure services, education, healthcare and heavy industry. Vingroup shares, listed on HOSE under the code VIC, hit a new peak of VND127,500 on April 4.
Source:VietNamNet News
April 06, 2018 04:41 UTC
Derivatives market in first quarter a success
Derivatives market in first quarter a successVietnam’s derivatives market enjoyed robust and sustainable growth with 59 trading sessions in the first quarter of the year, according to the Hanoi Stock Exchange (HNX). Vietnam’s derivatives market enjoys robust and sustainable growth with 59 trading sessions in the first quarter of the yearMore than 1.35 million contracts were traded for more than 146.1 trillion VND (6.42 billion USD) in the period. The average trading volume of the market reached 22,884 contracts per session, up 63 percent from the previous quarter and double the average amount in 2017. Foreign investors became more interested in the Vietnamese derivatives market when trading volumes reached 4,981 contracts, accounting for 0.18 percent of the market’s total number. The HNX said the derivatives market has proved itself as an effective risk-management instrument, helping stabilise the investors’ sentiment and anticipate market trends.
Source:VietNamNet News
April 06, 2018 04:18 UTC
Hanoi: Vietnam’s ethnic day returns to show cultural diversity
Hanoi: Vietnam’s ethnic day returns to show cultural diversityAbout 30 ethnic minority groups from across Vietnam will show off their distinctive culture at Vietnam’s Ethnic Culture Day which is slated for April 19-22 in Hanoi, according to the Ministry of Culture, Sports and Tourism. A ritual at the Xang Khan festival of the Thai ethnic minority people. Some 270 people from the ethnic minority groups will stage traditional festivals and worship rituals at the Culture and Tourism Villages of Vietnamese Ethnic Groups in Son Tay district, 45km west of Hanoi’s centre. On the cultural day of ethnic minority people from the northwest, the Thai ethnic group in Nghe An will recreate their Xang Khan festival that aims to remind people to do good things for themselves, their families and the community. Vietnam’s Ethnic Culture Day 2018 will be the 10th edition, so workshops and exhibitions will be held to celebrate the anniversary.-VNA
Source:VietNamNet News
April 06, 2018 04:18 UTC
Quang Ninh temporarily stops licensing karaoke services
Quang Ninh temporarily stops licensing karaoke servicesVietNamNet Bridge – The northern province of Quang Ninh will temporarily suspend the licensing of karaoke and discotheque services throughout the province to complete planning for these activities. A fire fighting drill is conducted at Karaoke Phantom in Ha Long City, Quang Ninh Province. Accordingly, local departments of culture and sports and people’s committees of districts, towns and cities are required to not grant licences for karaoke and discotheque activities. Chairpersons of the People’s Committees should direct the review of all businesses providing karaoke and discotheque services in the province. Chairpersons of the people’s committees shall be held responsible for any fires and social evils occurring at karaoke and discotheque shops located in their areas.
Source:VietNamNet News
April 06, 2018 04:18 UTC
Former police major jailed for forest destruction
Former police major jailed for forest destructionVietNamNet Bridge – Dak Glong District People’s Court in Central Highlands province of Dak Nong on Thursday sentenced a former police major to nine months in prison for the crime of forest destruction. Former Major Pham Xuan Sang at the court in Dak Nong Province. – Photo dantri.com.vnPham Xuan Sang, 44, was also head of the anti-terrorism unit of the provincial Police Department. Defendant Tran Van Tuan, 44, a resident of Gia Nghia Township was also sentenced to 13 months in prison for forest destruction and fraudulent misappropriation of property. On March 2017, local authorities determined that Tuan and Sang destroyed more than 8,400sq.m of forest land.
Source:VietNamNet News
April 06, 2018 04:07 UTC
Garment-textile sector earns $8 billion from exports in Q1
Garment-textile sector earns $8 billion from exports in Q1Garment-textile export turnover reached nearly 8 billion USD in the first quarter of 2018, a year-on-year rise of 13.3 percent. Garment-textile export turnover reached nearly 8 billion USD in the first quarter of 2018, a year-on-year rise of 13.3 percent. This is considered a good start for the industry to realise its export target of 35 billion USD by the end of this year. Garment-textile exports in 2018 are anticipated to be better than in 2017 with the maintenance of two-digit growth. Free trade agreements not only help the garment-textile sector diversify export markets but also reduce imports of material, he said, adding that currently Vietnam exports more than 3 billion USD worth of yarn,nearly one billion USD worth of fabric and 400 million USD worth of garment accessories each year.
Source:VietNamNet News
April 06, 2018 03:56 UTC
Ngo Dinh Nai retains championship at Asian carom billiards event
Ngo Dinh Nai retains championship at Asian carom billiards eventVietnam’s Ngo Dinh Nai won the one-cushion carom category at the ongoing Asian Carom Billiards Championship 2018 in Ho Chi Minh City on April 5. Cueist Ngo Dinh Nai (Source: 24h.com.vn)Nai beat his teammate Ma Minh Cam 100-83 in the final to take the title for the second time. In 2012, he overcame countryman Tran Phi Hung to triumph in the Asian championship. Following this victory, Nai will continue to play in the three-cushion carom. The championship will be a chance for the Vietnamese team to assess their players’ performance before they attend the World Cup event in Antalya, Turkey in late April and another World Cup event in HCM City in May.-VNA
Source:VietNamNet News
April 06, 2018 03:11 UTC
Minh lose to Takeshita at Osaka International Challenger
Minh lose to Takeshita at Osaka International ChallengerVietNamNet Bridge – One of Vietnam’s top badminton players, Vu Thi Trang, No 5 seed at the Osaka International Challenger 2018, defeated Yuki Suzuki of Japan yesterday in their women’s singles match to enter the next round of competition. Nguyen Tien Minh (left) and Pham Cao Cuong (right). At present, the HCM City-born player Minh is world No 51, while Takeshita is world No 134. Minh was also defeated by Takeshita at the New Zealand Open 2016. No 4 seed Koki Watanabe of Japan beat Vietnamese Le Duc Phat 21-14, 21-18 after 37 minutes.
Source:VietNamNet News
April 06, 2018 03:11 UTC
Studio Ghibli co-founder Isao Takahata dies at 82
Studio Ghibli co-founder Isao Takahata dies at 82Japanese anime director Isao Takahata, co-founder of the famed Studio Ghibli, has died at the age of 82. Mr Takahata was nominated for an Oscar in 2014 for The Tale of the Princess Kaguya but is best known for his film Grave of the Fireflies. He founded Studio Ghibli with iconic director Hayao Miyazaki in 1985. Mr Takahata started his career in animation in 1959 at Japan's Toei studio, where he met Mr Miyazaki, who is usually seen as the face of Studio Ghibli. The duo went on to co-found Studio Ghibli, and were described by local media as friends and rivals at the same time.
Source:VietNamNet News
April 06, 2018 02:26 UTC
Shrimp surplus stresses sellers
Shrimp surplus stresses sellersThe country’s shrimp export business could be in for a tough year, due to sharp rise in global supply and a drop in market price. But Hoe warned that due to increasing international supply and stored surplus, the global price for shrimp may not meet producers’ expectations in 2018. He said that the Vietnamese shrimp industry is also facing other challenges, especially in the US market. Currently, Vietnamese shrimp exports to the European market are gaining the upper hand, as its main competitor of Indian shrimp is loosing favour due to overuse of antibiotics and subsequent threats of an import ban. The country’s shrimp export turnover to Japan is also on the rise due to high demand, and improved product quality and processing methods.
Source:VietNamNet News
April 06, 2018 02:15 UTC
WB offers Vietnam recommendations on social insurance reform
WB offers Vietnam recommendations on social insurance reformThe World Bank (WB)’s experts have suggested Vietnam promptly reform its social insurance sector systematically in order to ensure the balance between collection and spending in the mid-and long-terms. According to the experts, Vietnam’s reforms in social insurance policy, which began in 2014, are not strong and visionary enough to deal with ongoing challenges. The total asset of the Vietnam Social Security (VSS) now accounts for 12 percent of the gross domestic product (GDP), the highest level. Vietnam should raise retirement pension at a rate lower than that of the salary and adjust retirement pension in line with inflation, they said. In reply, Deputy PM Hue said the WB’s assessments would help the Vietnamese Government complete a project on social insurance reform which will be submitted to the Politburo during the upcoming seventh plenum of the Party Central Committee.
Source:VietNamNet News
April 06, 2018 02:15 UTC
Telecom revenues down in first quarter
Telecom revenues down in first quarterThe revenue of Vietnamese network operators has suffered an uncharacteristic low in the first quarter of this year due to new legislation reducing top-up promotions for pre-paid subscribers from 50 per cent to 20 per cent. MobiFone Corporation reported a year-on-year increase of 6.3 per cent in revenue in the first quarter of the year.— Photo MobiFoneThe country’s three biggest network operators reported their business results for the first quarter at a meeting held by the Ministry of Information and Communications on Wednesday. Meanwhile, the military-run telecom group, Viettel, reported that it had achieved 23.4 per cent of the whole year’s revenue plan in the first quarter. A representative of Viettel said that the current trend in the world of telecom is 3G and 4G data. Meanwhile, the MobiFone Corporation reported a year-on-year increase of 6.3 per cent in revenue in the first quarter of the year.
Source:VietNamNet News
April 06, 2018 01:41 UTC
Travelers pay high fees for low-cost tours run by disreputable firms
Travelers pay high fees for low-cost tours run by disreputable firmsVietNamNet Bridge - More and more travelers have lodged complaints about the quality of low-cost tours and the irresponsibility of travel firms. Only when travelers visited tour operators did they realize that the quoted tour fee did not include air tickets. Since travel firms set tour fees at low levels, they have to cut costs as much as possible. Since travel firms set tour fees at low levels, they have to cut costs as much as possible. “The tour fee was nearly VND12 million, so this was not a low-cost tour.
Source:VietNamNet News
April 06, 2018 01:30 UTC
Students confused about vocation choices as counseling remains weak
Students confused about vocation choices as counseling remains weakVietNamNet Bridge - High schools have been criticized for many years for their poor career counseling. “Even if they want to do this, they don’t know where to start.”Lam said that many students are leading passive lives. They don’t have their own views on issues in society and don’t know what they want. The Ministry of Education & Training (MOET) in 2006 decided that career guidance must be part of the curricular teaching program. Explaining this, MOET said the lessons related to career guidance would be integrated into other learning subjects.
Source:VietNamNet News
April 06, 2018 00:45 UTC
Vietnamese hackers earn VND1 billion a month selling Facebook accounts
Vietnamese hackers earn VND1 billion a month selling Facebook accountsVietNamNet Bridge - Hackers are creating phishing pages and websites with interfaces similar to Facebook’s, to steal users’ names and passwords. This means they can earn VND1 billion a month by selling the ‘corpses’ of these accounts,” said Tri Duc, an IT expert who works in the US and monitors many Vietnamese groups of hackers. Facebook recently allowed Vietnamese users to connect personal accounts to create fanpages. Selling ‘bogus’ accountsFacebook recently allowed Vietnamese users to connect personal accounts to create fanpages. The "raw" accounts, after changes in names and cover images, are called by Vietnamese hackers "change" accounts.
Source:VietNamNet News
April 06, 2018 00:11 UTC