Nguyen forces tie in chess championship round 2

Nguyen forces tie in chess championship round 2VietNamNet Bridge – Pham Le Thao Nguyen tied with Aleksandra Goryachkina in the first match of the second round of FIDE Women’s World Chess Championship held on Tuesday in Tehran, Iran. Pham Le Thao Nguyen secures a draw result against Aleksandra Goryachkina in the first match of the second round of FIDE Women’s World Chess Championship held on February 14 in Tehran. — VNS PhotoViet Nam’s International Master (IM) Nguyen, who is lower than her Russian Grandmaster rival in the Elo rating, forced the match to end after 38 moves. The second match will be organised late on Wednesday in Espinas Palace Hotel in the Iranian capital. related news Vietnamese chess player wins in first round at women's world champsSource: VNS

February 16, 2017 02:48 UTC

With Vietjet on deck, 2017 airline stocks could soar

— Photo zing.vnMai HươngHÀ NỘI – Airline stocks may ride a rising wave this year with the debut of budget airline Vietjet on the HCM Stock Exchange later this month, in a scenario similar to the impact of Sabeco’s 2016 listing on of beer stocks in general. Vietjet’s listing is expected to provide fresh impetus to airline stocks as well as the stock market as a whole. These include national flag carrier Vietnam Airlines and Airports Corporation of VietNam (ACV). “The majority of the market shares are in the grip of a few major airlines. Meanwhile, Vietnam Airlines estimates its profit hit a record VNĐ1.6 trillion in 2016, a five-fold increase over the previous year.

February 16, 2017 02:45 UTC

VN among top five Asian exporters to Canada

OTTAWA — Việt Nam remained the Asian fifth biggest exporter to Canada in 2016, after China, Japan, Republic of Korea and Taiwan. The country also led the ASEAN in a two-way turnover with Canada at US$4.14 billion last year, a 1.1 per cent increase year-on-year, according to the Statistics Canada. Việt Nam’s exports to Canada touched $3.7 billion (up 17.1 per cent), while its import turnover dropped to $396.5 million (down 23.2 per cent). Among Việt Nam’s commodities shipped to Canada, the highest growth was seen in machines, electric and electronic products, suitcases, handbags and sports equipment. The country’s import turnover in coal, timber and wooden products from Canada soared, while cereal and fertiliser imports saw strong decline.

February 16, 2017 02:45 UTC

Benzema makes Real Madrid click - Zidane

Madrid are now on the brink of a seventh successive Champions League quarter-final as they aim to become the first team to retain the trophy in the Champions League era. He made the rest of the team play better and his movement is very good. Benzema’s goal also moved him ahead of compatriot Thierry Henry as top French scorer of all-time in the Champions League proper. "Clearly Madrid played their best game of the past three months and we didn’t play our best," said Sarri. "We were playing a very good team, the best team in the world.

February 16, 2017 02:03 UTC

New lending rules come into effect from March

HÀ NỘI – A new circular on lending activities of credit institutions and foreign bank branches is expected to overhaul the regulatory framework applicable to the activities in Việt Nam. Circular 39/2016/TT-NHNN issued by the State Bank of Việt Nam (SBV), which comes into effect from March 15, is also expected to ensure that lending continues to grow while non-performing loans are kept in check. Under the new circular, new kinds of lending, including revolving and rollover, will be permitted in Việt Nam. The new circular also regulates that business households and other unincorporated businesses will not be eligible for bank loans as this kind of lending is risky for credit institutions. Circular 39 will replace Decision 1627/2001/QĐ-NHNN, dated 31 December 2001, on the lending regime of credit institutions amended on multiple occasions by SBV over the 15 years of its implementation.

February 16, 2017 02:01 UTC

Gov't, ministries, bankers and businesses cooperate to breed shrimp

Gov't, ministries, bankers and businesses cooperate to breed shrimpVietNamNet Bridge - Prime Minister Nguyen Xuan Phuc has decided that Vietnam should become the shrimp production base of the world. Prime Minister Nguyen Xuan Phuc has decided that Vietnam should become the shrimp production base of the world. Vietnam can expect more than $3 billion worth of shrimp exports and 700,000 hectares of shrimp breeding area. The remaining $6 billion export turnover can be obtained by other provinces and cities. There’s no limit for shrimp export, no price crisisDang Quoc Tuan, deputy chair of Viet Uc Group, affirmed that Vietnam has all necessary conditions to turn into the world’s shrimp production base.

February 16, 2017 01:18 UTC

MoIT to lower logistics costs

HÀ NỘI — The Ministry of Industry and Trade (MoIT) has drafted an action plan to lower logistics costs to 18 per cent of the country’s gross domestic product (GDP) by 2020. Hải said that in the integration process, multinational logistics firms hold a significant market share in providing logistics services in Việt Nam. “The country’s logistics effectiveness has been low, while available resources have not been fully exploited,” he added. He said the action plan will focus on short-and-mid term solutions to improve the logistics sector in the next 7-8 years. The ministry plans to enhance ability for businesses providing the logistics services to catch up with international development trends.

February 16, 2017 00:56 UTC

Doors open for EU agri-food firms with lower tariffs

Doors open for EU agri-food firms with lower tariffsEuropean enterprises are expected to intensify their agri-food presence in Vietnam thanks to slashed tariffs for EU-sourced agri-food items under the EU-Vietnam Free Trade Agreement. EVFTA is expected to help Vietnam attract more EU agri-food investment and products thanks to the reduction and elimination of tariffs by Vietnam for EU agri-food products, Ferrer said at a recent Hanoi-based meeting between EuroCham and Vietnamese government representatives. Forty-two EU agri-food firms came to Vietnam recently, in search of investment and business opportunities. It is expected that another wave of EU agri-food firms will come to the country in 2017, according to Phil Hogan, EU Commissioner for Agriculture and Rural Development. However, Hogan said under EU agri-food firms’ general business strategies, they will use Vietnam as their main consumer base, and from there they can boost exports to other ASEAN markets.

February 16, 2017 00:36 UTC

Tourism startups to get leg up

HÀ NỘI — The Mekong Innovative Startup Tourism (MIST) Initiative has announced two new accelerators designed to make it easier for innovative tourism businesses to be established in Cambodia, Laos, Myanmar and Việt Nam. The MIST Startup Accelerator will take entries from early stage companies with either travel technology or traditional tourism business plans. Meanwhile, the MIST Market Access Accelerator is welcoming applications from mature international tourism startups needing assistance entering the region. Startups can disrupt traditional practices to adapt to changing consumer behaviours, but let’s also encourage responsible innovation that enhances the region’s appeal for future generations,” Jens Thraenhart, executive director of the Mekong Tourism Coordinating Office, said. MIST is a joint venture of the Mekong Tourism Coordinating Office and the Mekong Business Initiative.

February 16, 2017 00:11 UTC

’We collapsed, no excuses’ -- Wenger

FootballMUNICH — Arsenal manager Arsene Wenger admitted his side had "collapsed mentally" in their 5-1 Champions League rout by Bayern Munich on Wednesday. "We conceded the second goal and then the most important thing was that we lost Laurent Koscielny (to injury). We collapsed mentally," said Wenger who will now face fresh calls for his resignation. "It was a strange game because we played quite well in the first half, we then conceded goals in quick succession," said Wenger. "It was difficult to shake off the two goals in quick succession -- we lost our organisation and our centre back."

February 16, 2017 00:00 UTC

Tracking water use on smartphone in HCMC

Tracking water use on smartphone in HCMCWith a smartphone on hand, HCMC residents can monitor their domestic water use, leakage, and even online payment no matter where they are. A representative of Rynan Technologies introduces the smart water meter at a meeting with HCMC leaders in this file photoThe above features are built into what is called a “smart water meter” currently in trial use in some households in Go Vap District. Device inspection will be taken, and online payment procedures figured out before the water meter can be widely used. Rynan Technologies’ application for the smart water meter installation project was submitted to the HCMC Department of Transport late last week. According to Saigon Water Supply Company (Sawaco), all households in the city have had access to clean water.

February 15, 2017 23:37 UTC

Transport ministry: Uber needs to complete business registration

HÀ NỘI — The Transport Ministry has affirmed that Việt Nam has not banned Uber, but the company must work with ministries and agencies to complete business registration. An Uber Vietnam representative promised to hold a working session with the Hà Nội Transport Department soon to discuss its activities in the capital city. Deputy Transport Minister Nguyễn Hồng Trường said the registered fields of operation in Uber Vietnam’s initial business certification are “managerial activities” and “market research,” with no relation to any action authorised by its parent firm Uber International Holding BV (Uber BV) based in the Netherlands. The authorisation given to Uber Vietnam by Uber BV, which provides the smartphone application for Uber services, is inappropriate, he said, adding that if Uber Vietnam is the developer of the IT component and wants to apply it, it has to add this activity to its list of registered operations, he said. Uber entered Việt Nam in June 2014 as a foreign company operating in the country without resident offices.

February 15, 2017 11:31 UTC

$2.1 million HIV/AIDs prevention project approved

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has approved an investment in a project titled “Strengthening community connections for HIV/AIDS prevention and control in southern provinces.”The project, funded by the US Agency for International Development (USAID), aims to facilitate the community-based approach to HIV prevention, care and treatment and enhance the capacity of community-based organisations tackling HIV/AIDS. It will be implemented in HCM City for a period of five years, with US$2.1 million from USAID in non-refundable aid. In a bid to achieve the "90-90-90" goal, the project will provide services ranging from diagnosis to treatment for over 48,200 homosexual men in HCM City and another 3,633 people infected with HIV. Some 38,337 female sex workers and injection drug users will also benefit from the project. In 2014, Việt Nam became the first country in Asia to commit to adopting the 90-90-90 targets set by the Joint United Nations Programme on HIV/AIDS, which called for a scale-up of HIV testing so that 90 per cent of people with HIV become aware of their status, 90 per cent of people diagnosed with HIV receive antiretroviral treatment and 90 per cent of those on ART receive treatment resulting in undetectable levels of HIV in their blood.

February 15, 2017 10:52 UTC

Short supply of workers drives IT salaries through the roof

Short supply of workers drives IT salaries through the roofA big gap between the demand and supply for senior developers with management skills drove up the average salary. Developers are mostly located in Ho Chi Minh City and Hanoi, making up 65 and 30 per cent of the total. 93 per cent of developers in Vietnam are men, 6 per cent are women. TopDev’s data showed that the demand for senior developers with start-up skills rose sharply in 2016. As it is difficult to hire senior developers, companies put up very attractive salary and bonus schemes to attract and retain employees.

February 15, 2017 10:30 UTC

Việt Nam to eliminate rabies by 2021

HÀ NỘI — Việt Nam has set a target of controlling rabies in dogs and eliminating the disease in humans by 2021. Surveillance system, disease reporting and dissemination of information on rabies prevention to the whole community will also be improved. Rabies is a dangerous and acutely infectious viral disease, which is spread to people from infected animals, in particular dogs. According to statistics from the World Health Organisation, 50,000 people die of rabies and more than 10 million people are injected with the rabies vaccination every year. Some 49 deaths due to rabies have been recorded across the country until September last year, compared with 58 deaths in 22 provinces in the previous year.

February 15, 2017 09:57 UTC

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