Vietnam International Travel Mart 2018 underway
Vietnam International Travel Mart 2018 underwayThe Vietnam International Travel Mart (VITM) 2018 opened on March 29 and will last until April 1 at the Friendship Cultural Palace, 91 Tran Hung Dao Street in Hanoi’s Hoan Kiem district. Vu The Binh, Deputy Chairman of the Vietnam Tourism Association (VITA), told the opening ceremony. An exclusive exhibition area has been set up by online travel businesses as well as agencies providing technological solutions for tourism. VITM is the leading travel fair in Vietnam and one of the key travel shows in the region. Participating in VITM creates an unparalleled chance to engage and expand business, especially for the outbound travel segment.
Source:VietNamNet News
March 29, 2018 09:22 UTC
Stock market thrives, expectations soar for “emerging market” status
Stock market thrives, expectations soar for “emerging market” statusVietNamNet Bridge - The VN Index has been increasing sharply since the beginning of the year with capital flowing to finance and banking, real estate, and shares with a high capitalization value. The VN Index has been increasing since the beginning of the yearWith the sharp price increases in 2017 and the strong rise this year, coupled with lifting of the foreign ownership ceiling and state’s divestment from state-owned enterprises, Vietnam now can satisfy requirements in market scale and liquidity. However, some believe that this may happen sooner, possibly in the assessment period in June 2018.Meanwhile, a local newspaper quoted Vo Tri Thanh from the Central Institute for Economic Management (CIEM) as saying that Vietnam’s stock market has a 25 percent chance of being upgraded to the “emerging market” status by 2021.Reports show that the VN Index has increased by 15.2 percent so far this year, while the VN 30 Index has increased by 14.1 percent, of which 28.2 percent increase has been reported for bank shares, 21.7 percent for real estate and 19.3 percent for finance services.It is still unclear when Vietnam will be upgraded to an emerging market. However, the price increase of shares with big capitalization values (banking, securities, insurance and real estate) which would help increase Vietnam’s proportion in the MSCI index after the upgrade.Analysts estimate that Vietnam stock market may obtain a 30-40 percent growth rate after the upgrade, which happened with the Arab Emirates, Qatar and Pakistan. RELATED NEWSHow will the Vietnam economy be in 2018?
Source:VietNamNet News
March 29, 2018 09:00 UTC
Education sector urged to solve pressing issues
Education sector urged to solve pressing issuesVietNamNet Bridge – Vietnam’s education sector has been ordered to shape up and improve its public image. Vietnam’s education sector has been ordered to shape up and improve its public image. — Photo dantri.com.vnThe Government asked the Ministry of Education and Training to take measures to solve cases related to teacher redundancy and teacher recruitment in some localities at a meeting between the Government’s working group and the ministry yesterday. The Government asked the ministry to review the case and not allow universities to ignore quality to fill in recruitment quotas. Nguyen Van Phuc, Education and Training deputy minister affirmed that training quality must be ensured, threatening to name and shame universities which fail to follow admission regulations.
Source:VietNamNet News
March 29, 2018 09:00 UTC
Ho Chi Minh City Court turns down lawsuit against Apple
Ho Chi Minh City Court turns down lawsuit against AppleHo Chi Minh City People's Court has just turned down a lawsuit by two Vietnamese lawyers against Apple Company over their software that they claim slows down older iPhones. "Apple have violated Vietnamese Consumer Protection Law," the lawyers said in their document. Hung and Tung demanded Apple to issue solutions to stop the slowdown or offer free battery replacements to all users. They also created a website to encourage iPhone users to register and join in the lawsuit. He also enclosed an apology letter from Apple to iPhone users, an investment license certificate and a business registration certificate of Apple Vietnam Company which represents Apple.
Source:VietNamNet News
March 29, 2018 08:26 UTC
Innovative model ‘smart school’ in HCMC needing more resources
Innovative model ‘smart school’ in HCMC needing more resourcesIn the conference ‘The application of 4.0 technology into building a smart school in Ho Chi Minh City’, held by Ho Chi Minh City (HCMC) Department of Education and Training on March 27, leaders of many high schools stated that the model ‘smart school’ would have very positive effects on learners. If approved by HCMC People’s Committee, the supposed model will be piloted in the academic year 2018-2019 in Le Hong Phong High School for the Gifted and Tran Dai Nghia High School as well as some primary schools, junior high schools, and high schools in District 1 and District 12. The smart school will operate on the basis of applying information and communication technologies into management and organization of educational activities. Leaders of many high schools stated in the conference that the model ‘smart school’ would have very positive effects on learners. Yet the project is left undone although it seems even more feasible than the ‘smart school’ project.
Source:VietNamNet News
March 29, 2018 08:26 UTC
Government News 29/3
He made the statement at a reception for Japanese Ambassador to Vietnam Umeda Kunio in Hanoi on March 28. Chung said Hanoi is looking forwards to Belarus’ support and cooperation human resources training for management of public transportation. President Keita showed his warm sentiments to Vietnam as well as his admiration towards President Ho Chi Minh. According to him, Agriterra sent experts to Vietnam and welcomed a Vietnam Farmers’ Union delegation to the Netherlands for training. The Vietnamese and Belarusian economies can supplement each other, which will contribute to the growth of both countries, he added.
Source:VietNamNet News
March 29, 2018 08:15 UTC
Vietnam, Cuba look to boost economic relations to new height
Vietnam, Cuba look to boost economic relations to new heightA new trade agreement along with other deals between Vietnamese and Cuban ministries, sectors and businesses are set to help bring the two countries’ relations to a new stage. The new trade agreement and other deals are expected to be signed during the trip, which Thanh said is a special visit to promote the time-tested relations. They have a resolve to foster economic, trade and investment partnerships so as to meet each country’s demand and people’s aspirations. Despite their geographical distance, there is not only potential but opportunities for Vietnam and Cuba to boost economic links in many fields, from energy, telecommunications and tourism to industry, agriculture, food, hotel construction, aviation services and science-technology. Thanh said he believes that with the sentiment of Vietnamese people and the CPV leader, the speech will encourage young people of Cuba.
Source:VietNamNet News
March 29, 2018 08:15 UTC
Pharmacy to fill 40% of FPT Retail revenue in four years
Pharmacy to fill 40% of FPT Retail revenue in four yearsFPT Digital Retail JSC (FPT Retail) hopes its pharmaceutical unit will contribute 30-40 per cent of the company’s total revenue in the next three to four years, chairwoman and general director Nguyen Bach Diep said on Wednesday. FPT Digital Retail JSC (FPT Retail) hopes its pharmaceutical unit will contribute 30-40 per cent of the company’s total revenue in the next three to four years, chairwoman and general director Nguyen Bach Diep said on Wednesday. For the current 450 FPT Shop stores, FPT Retail will improve the quality of existing services, expand the customer network and deploy new sale channels to attract more customers. FPT Retail to list on HoSEFPT Retail has filed for listing on the HCM Stock Exchange (HOSE) and it expects to debut in April 2018. In 2017, FPT Retail posted VND13.1 trillion in total revenue and VND290 in post-tax profit.
Source:VietNamNet News
March 29, 2018 08:15 UTC
Vietnamese artistes to perform at charity concert
Vietnamese artistes to perform at charity concertTop Vietnamese vocalists will perform at Spring Concert: The Warm Arms, which will be held at the Friendship Cultural Palace on April 8. (From left to right) Singers Tan Minh, My Linh, Thanh Lam and Tung Duong. They will perform at a charity concert, the proceeds of which will be donated to the Mountainous Underprivileged Students Fund. — Photo courtesy of the organisation boardThe singers who will take part in the concert include Tan Minh, My Linh, Thanh Lam,Tan Minh, Khanh Linh and Tung Duong. Spring Concert: The Warm Arms is a live show jointly organised by the Mountainous Underprivileged Students Fund, Media Max Joint Stock Company and Thang Long Song and Dance Theatre.
Source:VietNamNet News
March 29, 2018 07:41 UTC
Vietnam has huge potential in franchising: experts
Vietnam has huge potential in franchising: expertsMany international and regional brands will enter Viet Nam’s retail and franchise sector in the coming years, according to experts taking part in Viet Nam Retail and Franchise Conference held in HCM City on Wednesday. Suttisak Wilanan, deputy managing director of Reed Tradex, speaks at the Viet Nam Retail and Franchise Conference in HCM City yesterday. Nguyen Phi Van, founder and chairwoman of Retail & Franchise Asia, said Viet Nam has not had a professional franchise market. Franchising began in Viet Nam in the 1990s with the introduction of well-known fast food chains like KFC, Lotteria, and Jollibee. “Young customers in Viet Nam are willing to spend more and want to shop more convenient,” he said.
Source:VietNamNet News
March 29, 2018 07:30 UTC
HCMC to set up national population database on April 18
HCMC to set up national population database on April 18A seminar on implementing the national data on population was held by the Ho Chi Minh City Public Security Department on March 28 with the participation of Chairman of the municipal People’s Committee Nguyen Thanh Phong. Chairman of the municipal People’s Committee Nguyen Thanh Phong speaks in the meeting. At the conference, a steering committee No.896 led by chairman Nguyen Thanh Phong has been established to simplify administrative procedures, citizenship papers and databases related to population management in the city. The city’s Public Security Department will issue residence registration forms to collect the information of citizens citywide, starting on April 18. Building national data on population will contribute to the development of the city and make the management task easier, said Chairman PhongSGGP
Source:VietNamNet News
March 29, 2018 07:18 UTC
Catfish exporters optimistic about China, pessimistic about US
Catfish exporters optimistic about China, pessimistic about USVietNamNet Bridge - Catfish exports to China have been increasing rapidly, but Vietnam fears it may lose the US market. Catfish exports to China have been increasing sharplyWhile catfish exports to the US and EU markets face tariff and technical barriers, exports to China have been increasing sharply. “Chinese consumers have confidence in Vietnam’s catfish quality because they are accepted by choosy markets such as the US and the EU,” he said. The General Directorate of Fisheries (GDF) confirmed that China is now the biggest importer of Vietnam’s catfish, and boosting exports to China now can balance supply and demand. Despite big barriers, Vietnamese catfish exporters have affirmed they won’t give up the US market.
Source:VietNamNet News
March 29, 2018 07:18 UTC
More than 139,000 computers in Vietnam infected with new coinminer virus
More than 139,000 computers in Vietnam infected with new coinminer virusBKAV Corporation announced on March 28 that there have been more than 139,000 computers in Vietnam infected with a new coinminer virus called W32.AdCoinMiner. Via the online advertising service Adf.ly and software vulnerability, this virus uses infected computers to generate digital currency without permission. More than 139,000 computers in Vietnam infected with new coinminer virusAdf.ly allows its users to shorten their web links to share on social networks or YouTube. Hackers have taken advantage of this detail to embed their malware right onto the advertising pages to deliver a virus to users’ computers. After a successful delivery, the virus will take control of infected computers and use them to mine for the cryptocurrency tokens.
Source:VietNamNet News
March 29, 2018 06:56 UTC
Berjaya keeps investing into Vietlott despite ailing real estate operations
Berjaya keeps investing into Vietlott despite ailing real estate operationsDespite its failed businesses in the Vietnamese real estate market, Malaysia-based Berjaya Group has committed to invest more in Vietlott to help the firm achieve an annual turnover of VND13 trillion ($572.6 million) and reach a growth rate of 20 per cent per year. Additionally, in 2025-2034, the Malaysian partner will help Vietlott achieve a total turnover of VND258.513 trillion ($11.3 billion) and VND59.398 trillion ($2.6 billion) to pay to the state budget. On the other hand, despite the huge financial support, Berjaya is facing difficulties in the Vietnamese property market. Later that year, Berjaya Group was threatened to have the Vietnam International University Township (VIUT) project withdrawn for slow progress. Mai also said the project needs extensive land area and high investment capital, but the capacity to disburse registered investment capital is very low.
Source:VietNamNet News
March 29, 2018 06:56 UTC
First mountain-climbing railway route to open in Vietnam
First mountain-climbing railway route to open in VietnamA train line connecting Sa Pa town and the Mount Fansipan cable car station will be put into operation on March 31. The “mountain-climbing railway route” is invested by Sun Group in the northern mountainous province of Lao Cai and runs to Sun World’s Fansipan Legend tourism area. The 2-km-long route with two tunnels and four viaducts allows trains to run at a maximum speed of 10m/s. The route contributes to diversifying tourism products in Lao Cai, bringing unique travel experiences to visitors during their trips to Sa Pa. The resort town of Sa Pa was recognised as a national tourism site in December 2017.-VNA
Source:VietNamNet News
March 29, 2018 06:11 UTC