Tourism stocks likely to heat up during peak season
People flock to Đầm Sen Water Park in HCM City during the summer. — Photo dantri.com.vnHÀ NỘI – Summer is the peak season for tourist companies and high sales and dividend rates are expected to drive tourism shares up in the coming months. Shares of Thành Thành Công Tourist JSC (VNG) and Superdong Fast Ferry Kiên Giang JSC (SKG) were also favoured by investors. There are 19 tourist companies listed on official and unofficial stock exchanges in Việt Nam. Market analysts have said the low liquidity can be attributed to the fact that most listed tourism companies are small- and medium-sized enterprises with volatile business performance.
Source:Viet Nam News
April 23, 2019 03:00 UTC
Vocational training and education needs to attract participation of enterprises
A shortage of experts, failure of educational facilities and equipment to meet demand and old training curriculums are obstacles to the engagement of business in vocational training and education, Thành said. The Labour Code only regulates the role of enterprises in establishing vocational training institutes or organising training for their employees, but ignores many other aspects, she said. A mechanism that institutionalises the co-operation with the business sector should be jointly developed to suit Vietnamese conditions, she said. Ninh said to strengthen the connection between industry and vocational training, there should be alignment between laws, regulations and other legal documents. Amendments related to vocational education are expected to facilitate and provide opportunities for employees to get training and improve their occupational skills.
Source:Viet Nam News
April 22, 2019 17:15 UTC
Ministry initiates anti-dumping investigation on imported fibreboard | # AsiaNewsNetwork
The Department of Trade Protection under the MoIT said the investigation was initiated based on requests submitted by four domestic MDF producers on October 18, 2018. VRG Kiên Giang MDF JSC, VRG Dongwha MDF JSC, VRG Quảng Trị MDF JSC and Kim Tín MDF JSC submitted the requests, claiming industrial wood board products imported from Thailand and Malaysia were dumped in the Vietnamese market at a margin of 18.59 per cent to 50.6 per cent. The ministry will also verify information provided by relevant parties before issuing its conclusions. Public consultation will be arranged, making it easier for relevant parties to provide information and express their views. The ministry has recommended all organisations and individuals that are importing, exporting, distributing and using the investigated goods provide information to protect their rights and interests.
Source:Viet Nam News
April 22, 2019 11:03 UTC
Central Highlands people lack access to clean water as supply projects abandoned | # AsiaNewsNetwork
Households living in the resettlement area still used water provided Đắk Nông Urban Development and Water Supply Joint Stock Company. “The clean water supply project was built closely to my house but we cannot access fresh water,” H’Duyên, a local resident said. “We have required localities to review and re-evaluated the status of clean water supply facilities in the whole province for repair. In Đắk Lắk Province, of the 168 clean water supply projects costing VNĐ400 billion, there are 51 that have been abandoned. “Each village sent people to learn how the operate the water supply systems and we had used this water for a short time.
Source:Viet Nam News
April 22, 2019 06:11 UTC
Shakticoin Issues Note of Caution to Public Clarifying Who Can Have Access to Shakti Coins
The registration to mine the Shakti Coins will be opened country-by-country in the days to come and Shakti Coins are not available for purchase. BERKELEY, CALIFORNIA - Media OutReach - 12 April 2019 - The Swiss Shakti Foundation issued today a note of caution to the public announcing there is no imminent initial coin offering (ICO) of Shakti Coins. Early adopters should not be fooled by any individuals or entities claiming to have access to Shakti Coins for purchase. The registration to mine the Shakti Coins will be opened on a country-by-country basis in the days to come. ShaktiCoin encourages the enthusiasm surrounding Shakti Coins but wants to encourage everyone to pay attention to the details and avoid purchasing fake coins.
Source:Viet Nam News
April 12, 2019 07:41 UTC
Climate-smart food production key for agricultural sector | # AsiaNewsNetwork
In the past, international organisations have helped Việt Nam, particularly in the Mekong Delta areas, to reduce adverse impacts of climate change, Doanh said. Participants at the forum agreed that solutions to ensure food security, poverty reduction and prevent droughts were urgent issues worldwide. This required the application of climate-smart food production systems. He expected that Việt Nam would join because agricultural production, especially cereals, faced major challenges in coping with climate change. The forum was organised by the International Potato Centre, Vietnam Academy of Agriculture Sciences in collaboration with Climate Change, Agriculture and Food Security in Southeast Asia.
Source:Viet Nam News
April 11, 2019 06:22 UTC
Climate-smart food production key for agricultural sector
— VNA/VNS Lê SenHÀ NỘI — As Việt Nam’s agricultural sector is facing serious impacts of climate change, it is necessary to adapt and improve food production. Participants at the forum agreed that solutions to ensure food security, poverty reduction and prevent droughts were urgent issues worldwide. This required the application of climate-smart food production systems. He expected that Việt Nam would join because agricultural production, especially cereals, faced major challenges in coping with climate change. The forum was organised by the International Potato Centre, Vietnam Academy of Agriculture Sciences in collaboration with Climate Change, Agriculture and Food Security in Southeast Asia.
Source:Viet Nam News
April 11, 2019 02:37 UTC
Việt Nam, Netherlands look to boost economic co-operation | # AsiaNewsNetwork
The meeting was part of Prime Minister Rutte's working visit to Việt Nam, with the participation of CEOs from 70 leading enterprises from the Netherlands and Việt Nam. The Netherlands is currently the largest European investor in Việt Nam with total registered capital of more than US$9.5 billion, with well-known corporations such as Heineken, Unilever and Shell. Last year, bilateral turnover reached over $7.84 billion, accounting for 1.6 per cent of Việt Nam’s total import-export turnover and nearly 14.6 per cent of the total import-export turnover of Việt Nam with EU countries. Speaking at the meeting, Deputy Prime Minister Huệ said Việt Nam had set a rapid and sustainable growth target for the next five years. Huệ said Việt Nam would boost economic restructuring, while improving productivity and quality of economic growth, and scientific and technological development and innovation.
Source:Viet Nam News
April 10, 2019 01:52 UTC
Việt Nam, Netherlands look to boost economic co-operation
— VNA/VNS Photo Tá ChuyênHÀ NỘI — The governments of Việt Nam and Netherlands needed to continue removing barriers to help businesses boost trade co-operation, said Prime Minister of the Netherlands Mark Rutte at a meeting with Deputy Prime Minister Vương Đình Huệ in Hà Nội on Tuesday. The meeting was part of Prime Minister Rutte's working visit to Việt Nam, with the participation of CEOs from 70 leading enterprises from the Netherlands and Việt Nam. The Netherlands is currently the largest European investor in Việt Nam with total registered capital of more than US$9.5 billion, with well-known corporations such as Heineken, Unilever and Shell. Speaking at the meeting, Deputy Prime Minister Huệ said Việt Nam had set a rapid and sustainable growth target for the next five years. Huệ said Việt Nam would boost economic restructuring, while improving productivity and quality of economic growth, and scientific and technological development and innovation.
Source:Viet Nam News
April 10, 2019 01:52 UTC
Companies follow Government lead, set cautious growth targets | # AsiaNewsNetwork
Đức Giang Chemicals and Detergent Powder Joint Stock Company (DGC) has set an after-tax profit target of VNĐ9.7 trillion ($421.74 million), 20 per cent lower than its 2018 figure. The Phước Hòa Rubber Joint Stock Company (PHR) has set a pre-tax profit target of VNĐ1.246 trillion, which a company spokesman admitted was modest since profit growth has always been around 30 per cent a year. FDI in Việt Nam decreased by 15.5 percent last year, signalling it would drop further in the coming years, he said. HRC, a subsidiary of the Việt Nam Rubber Group, has seen a relentless downswing in its business over the last seven years. For instance, Đồng Phú has 9,340ha, the Tân Biên Rubber Joint Stock Company has 6,175ha and the Bà Rịa Rubber Joint Stock Company has 8,507ha.
Source:Viet Nam News
April 09, 2019 06:56 UTC
S&P raises VN’s credit rating with a stable outlook | # AsiaNewsNetwork
Late last week, S&P raised its long-term sovereign credit rating for Việt Nam to “BB” from “BB-”. “The stable outlook reflects out expectation that Việt Nam’s economy will continue to expand rapidly, exemplifying gradual improvements in its policy-making setting and underpinning credit metrics,” S&P wrote in a press release. Việt Nam’s broadly balanced external accounts, strong foreign direct investment inflow and a manageable external debt burden provided further supported to the rating, it said. According to S&P, strong FDI in manufacturing continued in 2018 despite a more challenging external environment, reflecting the resilience of Việt Nam's investment environment. Fitch Rating in May 2018 upgraded Việt Nam’s long-term foreign-currency issuer default rating to BB from BB- with a stable outlook.
Source:Viet Nam News
April 09, 2019 06:56 UTC
S&P raises VN’s credit rating with a stable outlook
S&P gave a stable outlook on Việt Nam, reflecting expectation that the economy would continue to expand rapidly. Late last week, S&P raised its long-term sovereign credit rating for Việt Nam to “BB” from “BB-”. “The stable outlook reflects out expectation that Việt Nam’s economy will continue to expand rapidly, exemplifying gradual improvements in its policy-making setting and underpinning credit metrics,” S&P wrote in a press release. In August 2018, credit rating agency Moody’s Investors Service has also upgraded Việt Nam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive. Fitch Rating in May 2018 upgraded Việt Nam’s long-term foreign-currency issuer default rating to BB from BB- with a stable outlook.
Source:Viet Nam News
April 09, 2019 02:16 UTC
Companies follow Government lead, set cautious growth targets
Đức Giang Chemicals and Detergent Powder Joint Stock Company (DGC) has set an after-tax profit target of VNĐ9.7 trillion ($421.74 million), 20 per cent lower than its 2018 figure. According to Bảo Việt Securities Company (BVSC), the prices of DGC’s products might go down this year, hitting its profit margin. The Phước Hòa Rubber Joint Stock Company (PHR) has set a pre-tax profit target of VNĐ1.246 trillion, which a company spokesman admitted was modest since profit growth has always been around 30 per cent a year. Following HRC and PHR, many other rubber companies are also planning to develop industrial parks because they own large tracts of lands. For instance, Đồng Phú has 9,340ha, the Tân Biên Rubber Joint Stock Company has 6,175ha and the Bà Rịa Rubber Joint Stock Company has 8,507ha.
Source:Viet Nam News
April 08, 2019 19:52 UTC
Tourism property sector has great potential for growth: forum
A panel discussion at the 2019 Việt Nam Tourism Property Forum held in HCM City on Saturday. — Photo courtesy of the organiserHCM CITY — The tourism property sector has great potential for growth thanks to the rapid growth in the tourism industry, a forum heard in HCM City last Saturday. Hà Mạnh Tiến, chairman of the Việt Nam Association of Corporate Directors, told the 2019 Việt Nam Tourism Property Forum that the tourism industry had been growing at 30-40 per cent annually in recent years, among the fastest in the world. "The country needs to have 650,000-700,000 rooms by 2020, 950,000-1.05 million rooms by 2025 and 1.3-1.45 million rooms by 2030," he said. Việt Nam has a lot of beautiful landscapes, but many tourists do not known about Việt Nam because the country has not promoted itself well, according to the CEO.
Source:Viet Nam News
April 08, 2019 02:26 UTC
Tourism property sector has great potential for growth: forum | # AsiaNewsNetwork
Hà Mạnh Tiến, chairman of the Việt Nam Association of Corporate Directors, told the 2019 Việt Nam Tourism Property Forum that the tourism industry had been growing at 30-40 per cent annually in recent years, among the fastest in the world. Việt Nam received 15.5 million international visitors last year and the number is expected to reach 18 million this year. He said the tourism property market had been exploding and attracting a flood of domestic and international investors. "The country needs to have 650,000-700,000 rooms by 2020, 950,000-1.05 million rooms by 2025 and 1.3-1.45 million rooms by 2030," he said. For instance, a tourism property project could become a complex and be associated with things like a casino, sports, events, and others, he added.
Source:Viet Nam News
April 08, 2019 02:26 UTC