Prime Minister suggests post-Brexit UK trade deal

Prime Minister Nguyễn Xuân Phúc (R) receives UK Secretary of State for International Trade, Liam Fox in Hà Nội yesterday. — VNA/VNS Photo Thống NhấtHÀ NỘI — Prime Minister Nguyễn Xuân Phúc said on Thursday he hoped that Việt Nam’s trade, investment and defence-security co-operation with the UK will grow following the visit by Secretary of State for International Trade, Liam Fox. He urged the UK to help speed up the official enactment of the EU-Việt Nam free trade agreement, suggesting that both sides study a new trade pact suitable to the post-Brexit era. He also expressed pleasure at the increasing number of British tourists to Việt Nam. For his part, Fox highlighted the co-operation between Việt Nam and the UK in multiple fields, including corruption prevention and administrative reform.

February 24, 2017 03:27 UTC

FDI hits $3.4b in first two months

FDI capital was poured into 18 industries and sectors in two months. Singapore remained Việt Nam’s largest source of FDI with $881.6 million, accounting for 25.8 per cent of the nation’s total FDI. Up to 47 localities nation-wide received FDI in two months. Of them, southern Bình Dương province took the lead with $791 million or 23.2 per cent of the total FDI registered in the country. It was followed by the capital city with $519 million and southern economic hub of HCM City with $464.2 million.

February 24, 2017 03:22 UTC

Bumpy ride for Vietnam's auto industry

Bumpy ride for Vietnam's auto industryListed automobile companies will face a challenging and volatile year in 2017 on policy changes and rising competition from imported products. Listed automobile companies will face a challenging and volatile year in 2017 on policy changes and rising competition from imported products. Meanwhile, Vietnamese automobile companies are waiting for the Government to decide in July whether car manufacturing and importing business should be conditional or not. Foreign investors would be limited in investment in the Vietnamese car industry, reducing foreign capital in the industry, and some of the foreign-invested car firms could suffer. Market confidence remains positive for 2017Despite the challenges, there is still a bright future for the industry in 2017, according to VDSC.

February 24, 2017 03:11 UTC

Vietnam to recoup US$2.6 billion bad loans

Vietnam to recoup US$2.6 billion bad loansThe Vietnam Asset Management Company (VAMC) will take drastic measures to recover around VND33 trillion (US$2.6 billion) of non-performing loans (NPLs) this year, VAMC chairman Nguyen Tien Dong said. “An analyst group specialised in restructuring enterprises with bad debts will also be set up to boost the debt settlement,” he said. Trading of bad debts under market mechanism will be also undertaken this year to meet the target, he said. Besides the recovery of bad debts, VAMC will also buy VND25 trillion of NPLs from credit institutions this year. From 2007 to 2010, Vietinbank recouped nearly VND10 trillion of bad debts through a provision of risk loans and sales of bad debts.

February 24, 2017 03:11 UTC

VN to recoup $2.6b bad loans

“An analyst group specialised in restructuring enterprises with bad debts will also be set up to boost the debt settlement,” he said. Trading of bad debts under market mechanism will be also undertaken this year to meet the target, he said. Besides the recovery of bad debts, VAMC will also buy VNĐ25 trillion of NPLs from credit institutions this year. Vietinbank chairman Nguyễn Văn Thắng said that in 2017 his bank would focus on settling bad debts and buy back all the bad debts it sold to VAMC, three years earlier than planned. From 2007 to 2010, Vietinbank recouped nearly VNĐ10 trillion of bad debts through a provision of risk loans and sales of bad debts.

February 24, 2017 02:54 UTC



Bumpy ride for auto industry

Listed automobile companies will face a challenging and volatile year in 2017 on policy changes and rising competition from imported products. — Photo cafef.vnHÀ NỘI — Listed automobile companies will face a challenging and volatile year in 2017 on policy changes and rising competition from imported products. Foreign investors would be limited in investment in the Vietnamese car industry, reducing foreign capital in the industry, and some of the foreign-invested car firms could suffer. Market confidence remains positive for 2017Despite the challenges, there is still a bright future for the industry in 2017, according to VDSC. “Việt Nam’s automobile retail industry is now in its preliminary stage of motorisation,” VDSC said.

February 24, 2017 02:48 UTC

Vietnam's first living donor lung transplant succeeds

Vietnam's first living donor lung transplant succeedsFor the first time Vietnamese doctors successfully performed a lung transplant from two living donors. The transplant was conducted at the Military Hospital 103, in co-ordination with doctors from the Vietnam Military Medical Academy and Japanese experts. Prime Minister Nguyen Xuan Phuc yesterday sent a congratulation letter to the Hanoi-based Army Institute for the first successful living-donor lung transplant. Along with successful kidney, liver and heart transplants, the living-donor lung transplant contributed to raise the achievements of Vietnam's health sector and win patients’ trust. Vietnam’s leader sent his best wishes to all medical workers in the country on the Doctors’ Day.

February 24, 2017 02:26 UTC

Nam exits after second round of China F2 event

HÀ NỘI — Vietnamese tennis player Lý Hoàng Nam lost in the men’s singles second round of the China F2 Men’s Futures tournament yesterday in Anning city. Nam , world No 631, lost to Yang Tsung Hua of Chinese Taipei, world No 684, 6-4, 3-6, 2-6 in a match that lasted two hours and eight minutes. Earlier, Nam beat No 5 seed Franco Agameone of Argentina, world No 473, 6-3, 6-3 in the first round. In the first match in the men’s doubles category, Nam and his partner, Sun Fajing of China, who are the No 4 pair, were defeated by Huang Liang-chi of Chinese Taipei and Issei Okamura of Japan 6-7, 2-6. Next, Nam will compete in the China F3 Men’s Futures tournament.

February 24, 2017 02:02 UTC

Ly Hoang Nam exits after second round of China F2 event

Ly Hoang Nam exits after second round of China F2 eventVietnamese tennis player Ly Hoang Nam lost in the men’s singles second round of the China F2 Men’s Futures tournament yesterday in Anning city. Nam, world No 631, lost to Yang Tsung Hua of Chinese Taipei, world No 684, 6-4, 3-6, 2-6 in a match that lasted two hours and eight minutes. Earlier, Nam beat No 5 seed Franco Agameone of Argentina, world No 473, 6-3, 6-3 in the first round. In the first match in the men’s doubles category, Nam and his partner, Sun Fajing of China, who are the No 4 pair, were defeated by Huang Liang-chi of Chinese Taipei and Issei Okamura of Japan 6-7, 2-6. Next, Nam will compete in the China F3 Men’s Futures tournament.

February 24, 2017 01:52 UTC

Criticism of new Nokia phones unfair

Criticism of new Nokia phones unfairVietNamNet Bridge - The first Nokia 6s have appeared in Vietnam, but many Vietnamese say they do not see any outstanding feature in the product. Nokia 6 has been long awaited in Vietnam because it the first smartphone model made under HMD Global, a new company in Finland with key personnel from Nokia. Vietnamese are hunting for because they heard Nokia 6s are selling well in China.Nokia 6 is priced at $247, or VND5.5 million. The manufacturer, targeting middle-class income earners, set the selling price of $250 only, or VND5.5 million in China. With the price, Nokia 6 is able to compete with other models of the same market segment.However, they think Nokia needs a flagship with big changes in design and features, in order to regain Nokia fame and polish its image upon its return to the market.

February 24, 2017 01:41 UTC

Local companies aim to become satellite businesses for foreign firms

Local companies aim to become satellite businesses for foreign firmsVietNamNet Bridge - Vietnamese enterprises are working hard to become suppliers of parts and accessories for foreign electronics manufacturers. Vietnamese enterprises are working hard to become suppliers of parts and accessories for foreign electronics manufacturers. “If you can satisfy their requirements, you will still be able to become their class-1 suppliers, even if you are just a small enterprise.”Viet Hung was initially a very small enterprise in the packaging industry. But it has scaled up its production and expanded into plastics production with three factories which can make products for large foreign invested enterprises in Vietnam.According to Tuan, one of the biggest challenges for Viet Hung is that it has to deliver products on schedule. Canon now has 120 suppliers, but the number of Vietnamese suppliers is modest and they can also make very simple products.

February 24, 2017 01:36 UTC

‘Northern Bird King’ rescues bird species listed in Red Book

‘Northern Bird King’ rescues bird species listed in Red BookVietNamNet Bridge - Vuon Chim Viet (Viet Bird Garden) in Dong My commune of Thanh Tri district in Hanoi is described as a ‘world of birds’ where rare and unique birds and waterfowl can be bred successfully. It also encouraged Giap to move ahead with other bird species, though there were not many documents showing how to breed birds. Also at Vuon Chim Viet, Reeves Pheasant (Syrmaticus reevesii), lac hong, and many other endemic bird species in Vietnam have ‘gone out of the Red Book’. Vit uyen uong (Aix galericulata), one of the world’s 10 most beautiful bird species according to the Ornamental Creature Journal, can also be bred and multiplied successfully at Vuon Chim Viet. The number of 40 rare and precious chicken species being bred at Vuon Chim Viet show his great passion.

February 24, 2017 01:07 UTC

Eyeing flying fish on the Ô Loan Lagoon

Ô Loan Lagoon has much more to offer tourists than its well-known delicious seafood and wonderful scenes at sunrise and sunset. He added that besides, Ô Loan has nothing more for tourists. After driving 20 kms from Tuy Hòa centre, braving rain and wind, we arrived at Ô Loan Lagoon at 9. No sun rise but a picturesque scene of this immense brackish water lagoon surrounded by yellow rice paddies and small hills. Given its beautiful landscape, Ô Loan Lagoon has inspired many poets and was recognised as a national beauty spot in 1996.

February 24, 2017 01:02 UTC

Movie-inspired Fendi designs treat Milan's fashion elite

Movie-inspired Fendi designs treat Milan's fashion eliteMilan's fashion elite strolled down an elegant street in "Rome" on Thursday, sporting subtle and elegant creations that recalled the timeless movie scenes of yesteryear. Model Gigi Hadid presents a creation from the Fendi's Autumn/Winter 2017 women collection during Milan's Fashion Week, in Milan, Italy February 23, 2017. On the second day of Milan's fashion week, models from fashion house Fendi, including celebrity Gigi Hadid, walked down a wooden catwalk with inlaid "double F" logos set up in the group's headquarters. "Fur, fur, fashion is an assassin. Milan Fashion Week runs until Monday.

February 23, 2017 15:56 UTC

National table tennis champs scheduled in June

HÀ NỘI — The National Table Tennis Championships is scheduled to kick off on June 10-18, the event’s organising board announced in a briefing on Wednesday. The individual winner will get an award of some VNĐ30 million (US$1,300) and the winning team will receive some VNĐ40 million. The event is an opportunity for professional athletes to hone their skills in preparation for the Southeast Asian Games in August. Last year, the event attracted Việt Nam’s leading players, such as Đinh Quang Linh, Nguyễn Anh Tú and Trần Tuấn Quỳnh. Hanoian Tú won the title.

February 23, 2017 15:37 UTC



Trending Today






Loading...