Đông Á Plastic to raise capital to $22.2m

Đông Á Plastic Joint Stock Company in 2017 will increase its chartered capital to VNĐ500 billion (US$22.2 million) from the current VNĐ419 billion.— Photo dautuchungkhoan.vnHÀ NỘI — Đông Á Plastic Joint Stock Company in 2017 will increase its chartered capital to VNĐ500 billion (US$22.2 million) from the current VNĐ419 billion. Increasing chartered capital is part of Đông Á Plastic’s 2017 plan, which was approved by its shareholders at the annual shareholder meeting on Friday. At the meeting, the company’s shareholders also approved Đông Á Plastic paying five per cent dividend in shares for its 2016 performance. Under the plan, each shareholder will receive one bonus share for every 20 shares owned by the shareholder. In 2017, Đông Á Plastic has targeted VNĐ1.71 trillion in revenue, a yearly increase of 22 per cent from 2016, and VNĐ72 billion in post-tax profit, a rise of 35 per cent year-on-year.

April 22, 2017 02:37 UTC

Việt Nam in group H of AFC U19 qualifiers

HÀ NỘI — Việt Nam have been placed in Group H of the East zone qualifiers for the 2018 Asian Football Confederation (AFC) U19 Championship. Meanwhile, Thailand will meet defending champions Japan, Singapore and Mongolia in Group I. The top team of each group and the five best runners up will qualify for the finals. In other news, Việt Nam U16s are in Group I alongside Australia, Mongolia and Cambodia in qualifying for the 2018 AFC U16 Championship. There are 45 teams participating in the tournament to be held on September 16-24 in Mongolia.

April 22, 2017 02:15 UTC

Vietnam in group H of AFC U19 qualifiers

Vietnam in group H of AFC U19 qualifiersViet Nam have been placed in Group H of the East zone qualifiers for the 2018 Asian Football Confederation (AFC) U19 Championship. The draw for the Asian Football Confederation (AFC) U19 Championship. The top team of each group and the five best runners up will qualify for the finals. In other news, Việt Nam U16s are in Group I alongside Australia, Mongolia and Cambodia in qualifying for the 2018 AFC U16 Championship. There are 45 teams participating in the tournament to be held on September 16-24 in Mongolia.

April 22, 2017 02:15 UTC

New cement packaging for VN

This leakage means that cement producers regularly have to pack extra cement in every 50kg bag to ensure the correct amount reaches the final consumers. At the workshop, the leading Swedish packaging company, BillerudKorsnäs, and Việt Nam’s largest private cement company, Vissai, signed a Letter of Intent concerning QuickFill Clean (QFC) cement paper sacks, positioning Vissai as a pioneer in adopting the eco-friendly packaging product for Việt Nam’s cement sector. “Vissai has studied and tested many types of cement sacks produced in many different countries for both the domestic and export market. With the emergence of new high-porous paper cement bags currently widely used in the world, cement leakage can be virtually eliminated, minimising economic losses, worker and environmental hazards. The event also drew representatives from the Việt Nam National Cement Association, Việt Nam Federation of Civil Engineering Associations and other concerned ministries.

April 22, 2017 01:52 UTC

"VND0 tours" for Chinese travelers: how to stop them

"VND0 tours" for Chinese travelers: how to stop themVietNamNet Bridge - A lot of shops which sell products at exorbitant prices to Chinese tourists under "zero-dong tours" have been forced to shut down. Chinese travelers also flock to Hong Kong, Taiwan, Japan, South Korea, Thailand and other South East Asian markets. In Thailand, after one month, the number of Chinese travelers fell by 20-25 percent. However, analysts say Vietnam should encourage and welcome Chinese travelers who come to Vietnam in small groups by themselves, not under cheap tours. The mystery shops that serve only Chinese travelersScrambling for Chinese travelers, Vietnamese travel firms killing themselvesM. Ha

April 22, 2017 01:52 UTC



City, ministry sign agreement on science and technology development

HCM CITY — The Ministry of Science and Technology and HCM City People’s Committee on Friday signed a co-operative agreement on science and technology development for 2017-2020 period. Science and technology is one of the city’s main nine service industries that contribute to economic development, he said. The city plans to allocate 2 per cent of total expenditures for development of science and technology, he said. On the same day, the ministry also signed a cooperative agreement with Việt Nam National University-HCM City on science and technology development for the 2017-2020 period. In the agreement, the two partners will carry out a science and technology programme for the sustainable development of the Mekong Delta region and develop basic science programmes in physics, chemistry and ocean science.

April 22, 2017 01:52 UTC

11 tourism firms can use MIST project

HCM CITY — Eleven innovative tourism startups from Việt Nam have qualified for the Mekong Innovative Startup Tourism (MIST) Startup Accelerator programme. The announcement was made on Wednesday (April 19) by the Mekong Business Initiative (MBI) and Mekong Tourism Coordinating Office (MTCO). The US-based Travel Startups Incubator screened applications based on their potential for investment and the quality of their business plans. More than 250 travel tech and traditional tourism startups submitted applications to the MIST programme. Qualifying startups will advance to a MIST Startup Accelerator bootcamp from May 5-7, 2017 in Siem Reap, Cambodia, along with six innovative tourism startups from Cambodia and Myanmar.

April 22, 2017 01:52 UTC

Health minister claims unsafe food not major cause for cancer

Health minister claims unsafe food not major cause for cancerHealth Minister Nguyen Thi Kim Tien said that dirty food is not the major cause of cancer in Vietnam, but it is acute infection and chronic diseases. Health Minister Nguyen Thi Kim Tien (middle) speaks at a meeting on reviewing food safety policies in the 2011-2016 period in Hanoi on April 20. Health Minister Nguyen Thi Kim Tien blamed the increasing violations of food safety on weak sanctions, suggesting they be redefined as criminal cases. She claimed that unsafe food was not the major cause of cancer in Vietnam, but was responsible for acute infectious diseases and Hepatitis B and C which could cause cancer. She emphasised the importance of co-operation between different agencies and ministries to fight against unsafe food.

April 22, 2017 01:18 UTC

VN economy still dominated by FDI firms

According to the General Department of Customs (GDC), as of April 15, exports by FDI firms reached nearly US$10.87 billion, down 13 per cent month-on-month. FDI firms in the country now have an accumulated 2017 trade surplus of $3.92 billion, making them significant contributors to national export value. Meanwhile, Việt Nam’s total export from the April 1 to April 15 was $16.37 billion, a month-on-month drop of 13.9 per cent. Accumulated import turnover for FDI firms reached more than $33.06 billion, up 23.7 per cent year on year, accounting for 60 per cent of the nation’s total imports. The first quarter has also saw foreign firms add $7.71 billion in newly registered and supplemental capital.

April 22, 2017 01:06 UTC

Vietnam to upgrade professor quality by requiring more ISI articles

Vietnam to upgrade professor quality by requiring more ISI articlesVietNamNet Bridge - The Ministry of Education and Training is setting stricter requirements when granting professorship titles. The candidates in social sciences and humanities must be the main authors of at least one scientific article on ISI/Scopus. Commenting about the draft regulation, scientists say the number of scientific articles required is still modest. Therefore, it takes students in social sciences, economics and law more time than students in natural sciences and technology to obtain doctorates. In Vietnam, the number of research students in social sciences and humanities, economics and law is four times higher than the number of research students in natural sciences and technology.

April 22, 2017 00:33 UTC

Lakes and rivers are the green lungs of Hanoi

In your opinion, are projects to renovate rivers and lakes in Ha Noi similar to those in other countries? Ha Noi has initiated quite a few projects to renovate its rivers and lakes. I have to admit that Ha Noi has invested quite a lot of money in dredging rivers and lakes. Many people have complained that dredging rivers and lakes is very costly and does not generate any return. Of course, in the course of preserving the rivers and lakes, we need the participation of people from all walks of life.

April 22, 2017 00:11 UTC

Service sector sees high growth: VCCI report

HÀ NỘI — The service sector has reported a strong growth, thanks to the rising number of enterprises, especially in education and training, administrative operations and entertainment. The number of companies registered under limited and joint stock companies is also on the rise. For example, the number of firms in the education and training sector rose from 976 in 2007 to 6,000 in 2015. The growth of the service sector is an important trend for higher development, and thus is a positive sign for the economy, the report said. The proportion of companies in these sectors dropped from 1.61 per cent in 2007 to 0.87 per cent in 2015.

April 22, 2017 00:01 UTC

City must reduce use of personal vehicles: experts

HCM CITY — HCM City must develop a roadmap to restrict the use of personal vehicles, especially motorbikes, experts have urged. They say the Government must develop advanced public transport before demanding that citizens stop using personal vehicles,” Nam said. In 2010, HCM City had 4.89 million personal vehicles, including 440,000 cars and 4.45 million motorbikes. In 2013, the city had 6.4 million personal vehicles, of which 5.87 million were motorbikes, accounting for 91.7 per cent of the total number of vehicles. Under the plan, a special consumption tariff and other fees imposed on personal vehicles would be raised, and an environmental fee (to mitigate air and noise pollution caused by personal vehicles) would also be applied.

April 22, 2017 00:01 UTC

Farmers told to go organic, shun chemicals

To effectively combat soil-borne pests, farmers need to adopt bio-organic farming methods, he, as well as many other attendees, said. Prof Dr Phạm Văn Biên said many countries have begun to adopt organic agricultural practices, with the area under organic farming increasing. In Việt Nam too the area has increased significantly in recent years, though it is still very modest compared to the total farming area. According to the Việt Nam Organic Agriculture Association, the country exports small quantities of some organic products like tea, shrimp, rice, cinnamon, anise, and attar. More than 250 scientists, provincial officials, agricultural scientists and farmers from many southern provinces and cities attended the seminar, which was organised by the Việt Nam Plant Protection Association and Tropical Agricultural Research and Consultancy Centre.

April 21, 2017 21:56 UTC

VN-Index down, Petrolimex debuts

The key index on the HCM Stock Exchange finished at 712.41 points, slightly lower than the previous closing level. The major stock exchange on Friday recorded an all-time trading value with VNĐ6.5 trillion (US$289.1 million) worth of more than 202 million shares exchanged. The significant rise in trading value was attributed to the negotiation-based transaction for 60 million shares of consumer goods producer Masan Group (MSN), worth VNĐ2.52 trillion. On the opposite side, the southern bourse was supported by some firms such as property developer Novaland (NVL) and HCM City Securities (HCM). With the debut, Petrolimex became one of the 10 largest companies in the stock market.

April 21, 2017 18:56 UTC




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