Shares up on confidence

HÀ NỘI — Vietnamese shares remained mostly positive in the two local markets yesterday, driven by better investor confidence in particular groups of stocks with supporting business information. Market trading liquidity declined from Tuesday’s numbers with more than 203.5 million shares being exchanged, worth VNĐ3.64 trillion (US$162.1 million). Biggest gainers among fertiliser stocks were PetroVietnam Fertiliser & Chemicals (DPM), PetroVietnam Cà Mau Fertilizer (DCM) and Lâm Thao Fertilisers and Chemicals (LAS) as they hit the daily trading limit. However, investors are suggested to wait for the official decision from the ministry before making purchases in fertiliser stocks, BVSC analysts said. On the opposite side, bank and energy stocks remained negative.

April 19, 2017 23:03 UTC

Lyon, Besiktas handed suspended European bans

NYON, Switzerland — Lyon and Besiktas were handed suspended European bans and fined 100,000 euros each on Wednesday after crowd violence scarred their Europa League quarter-final match in France, UEFA said. Lyon and Besiktas both blamed opposing fans for instigating much of the trouble at the quarter-final first leg last Thursday, the start of which was delayed by 45 minutes. However, the Turkish champions were furious on Wednesday, laying the blame with the Lyon police force and threatening legal action against UEFA. Lyon supporters then poured onto the pitch as they attempted to protect themselves from firecrackers and other objects raining down from the stands above at Parc OL. There is no need to punish Besiktas," club spokesman Metin Albayrak told state-run Anadolu news agency before the UEFA ruling on Wednesday.

April 19, 2017 19:18 UTC

Britain set for snap election in Brexit shadow

LONDON — British lawmakers on Wednesday overwhelmingly backed Prime Minister Theresa May’s call for a snap election, paving the way for a June vote she hopes will give her a "mandate to complete Brexit". She says an early election would provide "certainty and stability" in the negotiations, which will now start after the vote. May meanwhile headed to the northern English town of Bolton to promise "the strong and stable leadership this country needs to take Britain through Brexit and beyond". Three weekend opinion polls put the Conservatives about 20 points ahead of Labour, while Britain second female prime minister also has strong personal support. Labour supported the start of the formal Brexit process last month, but has demanded certain conditions, such as retaining strong economic ties with the bloc.

April 19, 2017 18:00 UTC

Julia Roberts named People's 'most beautiful' for record fifth time

Julia Roberts named People's 'most beautiful' for record fifth timeJulia Roberts was named People magazine's world's most beautiful woman for a record 5th time on Wednesday, but the actress said she thought her best years were yet to come. FILE PHOTO - Cast member Julia Roberts attends the premiere of ''Mother's Day'' in Los Angeles April 13, 2016. Roberts, 49, was first given the annual honor in 1991, a year after she skyrocketed to fame in the romantic comedy "Pretty Woman." She was also named most beautiful woman in 2000, 2005 and 2010. Former "Friends" star Jennifer Aniston was last year's most beautiful woman for People magazine.

April 19, 2017 13:41 UTC

Climate change threatens Vietnam's water security

Climate change threatens Vietnam's water securityEnsuring water security is becoming an urgent matter of Vietnam in the context that climate change is causing bad impact on all aspects of the life from socio-economic affairs to the environment and ecosystem, heard a conference in Hanoi on April 19. Deputy Minister of Science and Technology Tran Viet Thanh said that climate change has been making challenges on water resources more complicated and unpredictable. The demand for water increased from 50 billion cu.m a year in 1990 to 72 billion cu.m a year in 2010. Moreover, climate change and natural disasters are also leading to the imbalance of water resources. It is also necessary to have a complete policy system on water resources to increase the efficiency of water management, protection and use, and change public awareness and action in ensuring water security, he added.

April 19, 2017 09:56 UTC

Chinese automakers eager to co-operate with Vietnamese partners

HÀ NỘI — Chinese automakers are seeking opportunities to co-operate with Vietnamese partners to develop the production of heavy duty truck parts. The information was released during a meeting between Vietnamese businesspeople and a Chinese delegation of automakers from Shandong Province’s Jinan City held by the Việt Nam Chamber of Commerce and Industry (VCCI) in Hà Nội on Tuesday. “We expect to further understand and co-operate with Vietnamese firms for mutual benefit,” said Yong. A statistic from Vietnam Customs revealed that the total trade turnover of Việt Nam and China was about US$70 billion in 2016, of which Việt Nam’s export was nearly $20 billion. Chinese businesses have invested in more than 1,500 projects in Việt Nam with total investment capital of nearly $11 billion, focussing on processing, industrial engineering and mining.

April 19, 2017 09:45 UTC

Alessandro Martire to perform at Soul Live in HCM City

Alessandro Martire to perform at Soul Live in HCM CityFor the first time ever, Alessandro Martire will perform an intimate 'La Vita' piano concerto set in Vietnam. The rare concert experience is coming to Ho Chi Minh City Thursday (Apr. 20) starting at 7:30pm at the Soul Live Project(214 – 216 Pasteur, W.6, D.3, HCMC). Standard ticket prices are US$13.20 (VND300,000) with a 10% discount for groups of four or more. As part of his second world tour, audiences can expect a sophisticated and subtle sound, accompanied by the Soul Live Project Orchestra— and rejoice in Alessandro's expression of traditional classic, contemporary melodies and creative harmonies.

April 19, 2017 09:45 UTC

Summer diseases on the rise in capital city

HÀ NỘI — From the beginning of the year, diseases such as whooping cough, measles, rubella, dengue fever and streptococcal infection have witnessed a trend of increased occurrence in the city, the Hà Nội Preventive Medicine Centre has reported. In the first quarter of 2017, the city registered 438 cases of dengue fever, a dramatic increase of 44 per cent compared with the same period last year; however, no deaths occurred. Dengue fever patients were scattered across 153 communes and wards of 24 districts (out of a total of 29 urban and outlying districts). Such dispersed bursts of diseases have been successfully contained to prevent further outbreaks, the centre said. The centre in collaboration with districts and towns in the city has maintained a well-organised system of infection surveillance, with stations that receive and handle information on infections.

April 19, 2017 09:22 UTC

Free filmmaking workshop in Hanoi

Free filmmaking workshop in HanoiVietNamNet Bridge - On IP Day Vietnam 2017, the Center for Film Talent Development (TPD) will host a free Basic Film-making Workshop on April 21, 2 pm – 5 pm at the Hanoi American Club, 19 – 21 Hai Ba Trung, Hoan Kiem District, Hanoi. Participants can take part in many other interesting and exciting activities such as music performances, DJs, and discussions with famous singers/artists. The workshop is open to everyone who registers. Participants will be guided by TPD collaborators to record “standard” footage based on: Basic types of shots, basic camera angles, focal length, aperture, speed, ISO of a camera, practice. The winner will receive a discount voucher for TPD classes and movie tickets at CGV cinema.

April 19, 2017 09:22 UTC

Việt Nam Expo 2017 connects firms

HÀ NỘI — The Việt Nam International Trade Fair 2017 is among trade promotion activities organised on a large scale in the country and very important for foreign trade. Việt Nam International Trade Fair 2017, with the theme “Strengthening Regional and International Economic Links,” has attracted more than 500 exhibitors from 16 provinces and cities in Việt Nam and 23 other countries. South Korean Ambassador Lee Hyuk in Việt Nam told Việt Nam News that South Korea is one of Việt Nam’s three largest trading partners and also the country’s top investor. After the bilateral free trade agreement was signed, the business environment in Việt Nam has been greatly improved, contributing to stabilising the operation of Korean enterprises in Việt Nam, Hyuk said. The booth displayed impressive designs to serve customers under a programme titled “Korea-Việt Nam Design Sharing,” coordinated by the Việt Nam Trade Promotion Department and the Korea Institute for Design Promotion.

April 19, 2017 09:00 UTC

How should weak banks be restructured?

How should weak banks be restructured? VietNamNet Bridge - While the State Bank (SBV) has legalized the use of state money to support the restructuring of weak banks, it has not specified where the government will get the money to pump into the banks. SBV assigned VietinBank and Vietcombank – the two commercial banks in which the state holds controlling stakes – to support the operation of three zero dong banks.However, VietinBank and Vietcombank can only help the three zero-dong banks by lending money, which the zero-dong banks use to pay to depositors or to relend to others.Hieu believes that it would be better to skip the purchase of weak banks at zero dong.After putting weak banks under special control, SBV’s inspectors will find out if the banks can recover. If ‘yes’, SBV will go directly to the final step – forcing the weak banks to merge with other banks, or selling the weak banks to investors. If no one wants to take over the weak banks, they must go bankrupt.The central bank purchased weak banks two years ago at zero dong, avoiding a possible collapse of the banking system.

April 19, 2017 09:00 UTC

Schneider Electric inaugurates $45 million factory in HCM City

HÀ NỘI — Schneider Electric, the global specialist in energy management and automation, inaugurated its US$45 million manufacturing plant in HCM City’s Sài Gòn Hi-tech Park on Tuesday. One of the plant’s highlights is its commitment to sustainable development in Việt Nam. In order to meet future needs, Schneider Electric has been training human resources for the new plant, and has simultaneously employed skilful workers and engineers. The investment into a manufacturing factory reinforces Schneider Electric’s long-term commitment to help Việt Nam grow in terms of technological advances and human resource development for efficient energy management. In 1992, Schneider Electric Việt Nam participated in the national “500KV North-South Transmission Line” project.

April 19, 2017 08:51 UTC

DongA Bank recoups VNĐ504b-worth bad debts in Q1

HÀ NỘI — DongA Bank has consistently delivered a steady performance under the State Bank of Việt Nam’s special supervision, helping it recoup non-performing loans (NPLs) worth VNĐ504 billion (US$22.1 million) in Q1 2017. As a result, DongA Bank has recovered NPLs worth some VNĐ4.7 trillion since August 2015 when it was put under the central bank’s special supervision due to weak performance. Its mobilised capital rose 2.43 per cent against early this year, of which savings from individuals increased 2.87 per cent. Liquidity of the bank was ensured with liquidity coverage ratio reaching 22.3 per cent against the 10 per cent safe ratio regulated by the central bank. Service activities earned the bank VNĐ127 billion and revenue from remittances was $405 million in Q1.

April 19, 2017 08:37 UTC

Two third graduates prefer working in state sectors

Two third graduates prefer working in state sectorsAs per the International Labor Organization (ILO)’s school-to-work transition survey, two third of graduates prefer working in public sectors. The number of university graduates and holders of higher academic degrees becoming jobless reached 23 percent of the unemployed. 35.5 percent of young people work in agricultural sector; 33.6 percent in industry and construction sectors; 30.9 percent in service sector. Vietnam sends over 100,000 laborers to abroad for working as per contract in addition to offering jobs in the country. 70 percent of laborers working abroad are in the age from 18 to 30 years old and 35-40 percent being female.

April 19, 2017 08:26 UTC

Vietnam to set up emergency medical stations on highways

Vietnam to set up emergency medical stations on highwaysVietNamNet Bridge – It has been three years but Ngo Van Long still remembers the horrible day he had an accident on Highway 6. According to Dung, many highways did not have emergency stations, or medical workers with experience in giving first aid. Local communes had medical stations, but the stations were far from highways because they were in residential areas, and distances between different medical stations were uneven. Khoa explained that setting up emergency stations on highways would waste funds, because not many emergencies occurred. But health experts said that road investors had so far only paid attention to building roads and ignored other facilities, including emergency stations and rest stations.

April 19, 2017 08:15 UTC

Trending Today