The stake to be sold is equivalent to more than 48.3 million shares. At the first auction last December, the SCIC offloaded more than 130 million shares in the dairy firm but sold only 60 percent of them. Accordingly, KLF will offer 53 million shares for strategic investors at the price of VND10,000 ($0.44) apiece. The remaining 45 million shares will be offered to existing shareholders with the initial price not less than VND10,000 ($0.44) per share. Notably, Tien Phong’s general director bought 410,000 shares, deputy general director 203,000 shares, and Southern Tien Phong Plastic JSC registered to buy 1.8 million shares.
October 20, 2017 01:30 UTC
VAMC takes serious measures to collect debtVietNamNet Bridge - The Vietnam Asset Management Company (VAMC) has begun using its right to seize mortgaged assets given to it by Resolution 42 on settling bad debts. According to Doan Van Thang, general director of VAMC, this is the biggest debt with mortgaged assets that VAMC has ever bought. After the seizure, VAMC will have the assets evaluated and auctioned off to collect debt. After the seizure, VAMC will have the assets evaluated and auctioned off to collect debt. Resolution 42 has given more power to VAMC to accelerate the process of bad debt settlement.
October 20, 2017 01:30 UTC
Sowing-machine inventor still waiting for patentsVietNamNet Bridge - As the inventor of many agricultural machines used widely in Vietnam, Pham Van Hat still cannot obtain patents. The spacing between seeds can be adjusted according to the types of seedlings, while farmers can save 20-30 percent of seeds. Despite the offered high pay from the Israeli boss, Hat decided to return to Vietnam to work on his land. A US agriculture machinery firm also invited Hat to work for it, but Hat turned down the job. And though his machines have been used widely in Vietnam and other countries, Hat still has no patents for the machines.
October 20, 2017 01:18 UTC
Developing urban green infrastructure doesn’t just mean trying to grow more trees and plants. It is necessary to harmonize construction works to fulfill multiple purposes – mitigating the pressure that causes water pollution, and easing the surface flow pressure to reduce floods and prevent landslides. Green infrastructure is a network of infrastructure items designed to provide ecosystem services. It also supports a green economy and enhances biodiversity.Tran Van Giai Phong from ISET Vietnam said green infrastructure has important significance to the sustainable development of urban areas in the context of climate change and pollution.Phong and other parties from April to September carried out research and analysed the problems Can Tho is facing, which include floods caused by flood tides, urban development and rainfall. In some cities, people design the works with greenery to ‘soften’ the solid embankments and improve the landscape.Developing urban green infrastructure doesn’t just mean trying to grow more trees and plants.
October 20, 2017 00:56 UTC
VietNamNet Bridge - Even though many Vietnamese are psychologically prepared before studying abroad, many students still have problems during their stay and after their return to Vietnam. Even though many Vietnamese are psychologically prepared before studying abroad, many students still have problems during their stay and after their return to Vietnam. Chi Ngo, 28, branding director for Dai Viet Refrigeration Engineering Company, was a student at RMIT University before she left for Victoria University in Australia.She had experience in studying in an ‘international environment’. Obtaining such great achievements, An believed that she would easily get a good job with high pay and good promotion opportunities. RELATED NEWSOverseas Vietnamese students earn big money by trading goodsVietnamese parents rethink overseas study for childrenTien Phong
October 20, 2017 00:11 UTC
Special concerts with Violinist Bui Cong Duy in Hanoi this OctoberVietNamNet Bridge - The world-famous Vietnamese violinist Bui Cong Duy will perform four concertos for violin at two concerts on the night of October 25 and 26 at the Hanoi Opera House, 1 Trang Tien Street, Hanoi. Violinist Bui Cong DuyThe concerts will be conducted by Japanese conductor Honna Tetsuji and the Vietnam National Symphony Orchestra. Duy will play F. Mendelssohn – Violin Concerto E minor, op.64 and L.V. Beethoven – Violin Concerto D major, op.61 on the concert during the concert on October 25 and M. Bruch – Violin Concerto No.1 G minor, op.26 and J. Brahms – Violin Concerto D major, op.77 during the concert on October 26. All tickets are available at Hanoi Opera House or can be booked online at ticketvn.com.
October 20, 2017 00:11 UTC
Teacher collects and discards risky needlesVietNamNet Bridge – The rain was coming down harder and harder, but Gao kept moving around Bao Loc Lake in the central Highlands province of Lam Dong, picking up needles left by drug users. Nguyen Thi Gao collects a needle left by drug users from the foot of a tree in Bao Loc City. Apart from collecting needles, Gao also meets drug addicts and tries to persuade them to give up their habit. "Many drug users, particularly users of amphetamine-type stimulants insult their parents and even commit murder when they lose control," she said. A man living near Bao Loc River said the river was beautiful but was also a gathering place for many drug addicts.
October 19, 2017 23:03 UTC
Programme to improve management of asthma, COPD patientsPatients in Việt Nam with respiratory problems will benefit from a programme signed on Wednesday between the Ministry of Health’s Medical Service Administration (MSA) and AstraZeneca Việt Nam. It will be executed by the MSA in collaboration with AstraZeneca Việt Nam, the Việt Nam Tuberculosis and Lung Diseases Association, Việt Nam Respiratory Society and the HCM City Society of Asthma and Allergy and Clinical Immunology until 2020. He noted that Can Tho University has signed several cooperation agreements with German training and research centres such as Bonn University, University of Cologne, The Hanns Seidel Foundation, and Munich Partners of WISDOM Project Phase II. The students are from the University of Social Sciences and Humanities; the University of Economics HCM City; the University of Finance and Marketing; the HCM City University of Foreign Languages and Informatics; the HCM City University of Food Industry; the HCM City University of Agriculture and Forestry; Hoa Sen University; Tôn Đức Thắng University; and the HCM City University of Industry. It is a classic tale of west-meets-east with a hilarious Spanish-Vietnamese twist and a star-studded cast from Spain and Việt Nam.
October 19, 2017 10:07 UTC
Abnormal weather a key reason behind suspension of competitive power marketThe Ministry of Industry and Trade has explained it suspended the competitive electricity generation market from October 1 due to abnormal weather that has made power supply unpredictable, coupled with unforeseen electricity supply and demand. In the competitive electricity generation market, which has been in place for five years, hydropower plants have to offer their electricity price and power volume one day ahead. The low demand for electricity has also made it more difficult to maintain the competitive electricity generation market. However, during the suspension time, the ministry will still prefer purchasing electricity from hydropower plants, gas-fired power plants, and coal-fired power plants that offer low prices. The scheme for developing a competitive electricity generation market was launched by the Government in 2013 to diversify power sources and make the power market more competitive.
October 19, 2017 09:56 UTC
Hanoi honours 10 outstanding young peopleThe Hanoi municipal chapter of the Ho Chi Minh Communist Youth Union (HCMCYU) honoured 10 outstanding young people for their contributions during 2012-2017 at its 15th Congress held in the capital city from October 18-20. Prime Minister Nguyen Xuan Phuc and 10 outstanding young people 2016They include Asso. As the youngest associate professor in Vietnam, Bach is now a lecturer in health economics at the Hanoi University of Medicine’s Institute for Preventive Medicine and Public Health. Though only graduating from a high school, Huy successfully made a multi-functional farming machine and created jobs for 15 young people in the commune. Last year, he was honoured with the title “Outstanding young people follow Uncle Ho’s teachings”.
October 19, 2017 09:56 UTC
Vietnam targets final berth at AFF Futsal ChampionshipVietnam has set a goal of making the final of the AFF Futsal Championship – HDBank Cup 2017, scheduled to take place at Phu Tho Gymnasium in Ho Chi Minh City, from October 26 to November 3. Vietnam's futsal team have left for a friendly tournament in China, which is considered a warm-up for their 2017 AFF Futsal Championship campaign. The tournament is jointly held by the VFF and the Voice of Vietnam and also serves as the qualifiers for the 2018 AFC Futsal Championship, with the four places being granted to the four semifinalists. According to VFF Vice President Tran Quoc Tuan, the successful organisation of the championship will serve as a premise for Vietnam to continue hosting international-level competitions in the future. At the 2015 championship, Vietnam finished in fourth place overall after losing 5-6 to Malaysia in the third-place match.
October 19, 2017 09:33 UTC
Japanese Katazome paintings displayed in Da NangAn exhibition of Japanese Katazome paintings by artist Toba Mika will be held at Museum of Cham Sculpture in Da Nang on October 20. Art works capture and honor the beauty of natural landscapes and ancient towns in Vietnam, using Japanese traditional dyeing technique called Katazome. She explored the invisible connections between Katazome paintings and Vietnamese natual beauty and heritages. Japanese artist Toba Mika was born in 1961 in Aichi prefecture. The Katazome dyeing technique consists of 18 complicated stages so not many Japanese artists use this technique.
October 19, 2017 09:11 UTC
Therefore, it has the right to set the selling price, which allows it have the highest gross profit margin. Its gross profit margin and net profit margin are 61 percent and 54 percent, respectively. SCS – the goose that lays golden eggsSaigon Cargo Service (SCS) share entered the bourse last July. It reported gross profit margin of 68 percent in the first six months of the year and net profit margin of 38 percent. RELATED NEWSVietnam fastest growing stock market in region‘Frontier’ status won’t affect stock market in short term: analystsLuong Bang
Government advised to widen definition of public debtThe Government should consider international practices to re-define its public debt in the revised Law on Public Debt Management that is scheduled for submission to the National Assembly late this month. According to the 2009 Law on Public Debt Management, public debt only includes central Government debt, Government-backed loans and local government debt. If public debt also includes debt from State enterprises, then the Government could issue policies to better manage the public debt, Huong added. The IMF has very detailed instructions on reporting and publishing information related to public debt, with public debt reported monthly with information on creditors, debt instruments, currency in debt, payment due dates and interest rates, she said. Thus, the Government is amending the 2009 Law on Public Debt Management to keep public debt below 65 per cent of GDP during 2016-18.
Eye industry 4.0 to attract FDI: ExpertsIt’s time Viet Nam shift its attention to quality and sustainable development and eye industry 4.0 technologies to attract foreign direct investment (FDI), experts said at an online dialogue on FDI promotion strategies organised on Tuesday in Ha Noi. In particular, industry 4.0 should also be taken into account to attract FDI, Quang said. “It is incorrect to say developing countries cannot approach industry 4.0. Quang said selecting appropriate FDI would help Viet Nam engage deeper in industry 4.0. Viet Nam also needs to improve its legal framework, especially in competition and ownership, Vo Tri Thanh, former deputy director of the Central Institute for Economic Management, said.