Vietnamese businesses join OTT race
Vietnamese businesses join OTT raceVietNamNet Bridge - More Vietnamese firms have squeezed into the OTT market, where they have to compete with YouTube and Netflix. Viettel launches Keeng MoviesIn early June, Viettel, one of the three biggest telcos in Vietnam, introduced its OTT service, Keeng Movies, specializing in providing online films. There is a fierce battle in the OTT service market between domestic and foreign OTT service providers. To be able to exist in the stiff market, OTT firms have to develop their own competitive edge. As for Viettel, before providing film OTT service, it was running music OTT service called Keeng Music.
Source:VietNamNet News
July 31, 2018 01:52 UTC
Lao hydropower dam disaster offers great lessons on safety: expert
Lao hydropower dam disaster offers great lessons on safety: expertVietNamNet Bridge - The hydropower dam collapse in Laos should be seen as a valuable lesson about dam safety, according to Dao Trong Tu from the Vietnam River Network. Tu said Xe Pian-Xe Namnoy dam was still not completed when the incident occurred, the first crack was discovered one day before. Xe Pian-Xe Namnoy dam was still not completed when the incident occurred, the first crack was discovered one day before. In principle, when designing hydropower dams, Vietnam has to calculate possible accumulative impacts in case the dams collapse. RELATED NEWSCollapse of Laos hydropower dam will have minor impact in Vietnam: scientistsLaos dam collapse: Race to rescue flooded villagersMai Thanh
Source:VietNamNet News
July 31, 2018 00:45 UTC
Powerful corporations enter smartphone manufacturing
Powerful corporations enter smartphone manufacturingVietNamNet Bridge - Some economic groups have decided to jump into the smartphone market, though analysts believe market conditions are not favorable. Smartphone distribution depends on traditional retail channelsVingroup’s VinSmart, one of its subsidiaries, signed a cooperation contract with BQ, the fifth largest phone manufacturer in Spain. In Vietnam, smartphone distribution depends on traditional retail channels. In Vietnam, smartphone distribution depends on traditional retail channels. RELATED NEWSSmartphone market: big players lose ground to newcomersWhy is Vingroup jumping into the competitive smartphone sector?
Source:VietNamNet News
July 31, 2018 00:00 UTC
Vietnam lacks “knowledge workers", blames shortage on training
Vietnam lacks “knowledge workers", blames shortage on trainingVietNamNet Bridge - The requirements for workers in the future have changed. Only “knowledge workers" will be able to operate automatic machines and fix problems which cannot be done by robots. A research project of the institute found that Vietnam lacks skilled workers for semi-automation works, let alone knowledge workers for automation. Despite great efforts to reform vocational training, Vietnam still ranks 87th among 90 surveyed countries in training capability and skilled worker attraction. Despite great efforts to reform vocational training, Vietnam still ranks 87th among 90 surveyed countries in training capability and skilled worker attraction.
Source:VietNamNet News
July 30, 2018 23:48 UTC
Art lovers make lacquerware in Hanoi
Art lovers make lacquerware in HanoiHoang Nga from Hanoi loves lacquer artworks. At an ongoing lacquer exhibition in Hanoi, she was also able to be part of the lacquer painting process for the first time. Lacquer is the most ancient art form in VietnamThe exhibition is organised by Hanoia House – a traditional art exhibition space in Hanoi. Lacquer pots are inspired by bird-cage designsLacquer art was introduced to Vietnam several thousand years ago. Dang Tran Quan is introducing lacquer art to visitors at the exhibitionThe exhibits feature lacquer pots, which are inspired by bird cage designs.
Source:VietNamNet News
July 30, 2018 19:07 UTC
Ly Hoang Nam beats two rivals in ATP Challenger
Ly Hoang Nam beats two rivals in ATP ChallengerViet Nam’s top male tennis player Ly Hoang Nam secured two wins in the qualifying round of the ongoing ATP Challenger in Segovia, Spain on Sunday. Vietnamese top tennis player Ly Hoang Nam. — Photo banhni.vnNam, world No 568, defeated Pablo Vivero Gonzalez of Spain, world No 403, 6-4, 6-3 after 67 minutes. Nam then bested Federico Zeballos of Bolivia, world No 585, 6-0 and 7-5 after 72 minutes. During his time in Spain, Nam, 21, will compete in several tournaments to hone his skills and gain points.
Source:VietNamNet News
July 30, 2018 19:07 UTC
Vietnam uncovers 400 human trafficking cases each year
Vietnam uncovers 400 human trafficking cases each yearVietnam has seen an average of 400 human trafficking cases each year, involving around 1,000 victims and 600 traffickers, said an official. Dinh Van Trinh, deputy head of the anti-human trafficking office under the Ministry of Public Security, announced the figures at a conference in Hanoi on July 30. He said concerted efforts among public agencies, social organisations, and grassroots communities are needed to improve the effectiveness of anti-human trafficking work. At the function, Pham Mai Hien, a representative from the Ministry of Public Security, introduced the programme on the prevention and control o human trafficking for the 2016-2020 period (Programme 130/CP). She said it includes five sub-projects on campaigns to raise public awareness, fight human trafficking crimes, support victims, completr legal framework, monitor the enforcement of related law and regulations, and maintain international cooperation.
Source:VietNamNet News
July 30, 2018 18:22 UTC
Tourism booming but stock market takes little notice
Tourism booming but stock market takes little noticeVietNamNet Bridge – At the close on July 20 the share price of Tay Ninh Cable Car Tour Joint Stock Company (TCT) stood at VND67,000, slightly up for the year but with a gain of 40 per cent from a year ago. But the big picture is that despite good performances across the board, few tourism companies are listed. The major firms include FDT (Fiditour), OCH (Ocean Tourist and Hotel Joint Stock Company), VNG (Thanh Thanh Cong Tourist Joint Stock Company), DAH (Dong A Hotel Group Joint Stock Company) but a few of them are listed including TCT and HOH. Actually there are many large tourism companies such as Vietravel, Saigontourist, Sun Group, and Tuan Chau, but they have not listed either due to certain reasons. The US Federal Reserve’s interest rate hikes and the escalating US-China trade war have caused the dollar to strengthen.
Source:VietNamNet News
July 30, 2018 18:00 UTC
VN-Index rises, but liquidity remains low
VN-Index rises, but liquidity remains lowThe VN-Index rose by 14.21 points to reach 949.73 points on July 30, with the majority of codes enjoying increases. On the Ho Chi Minh Stock Exchange (HoSE), upturn was seen in the prices of 172 stock codes, while the prices of 52 shares remained unchanged and those of 114 others dropped.Meanwhile, on the Hanoi Stock Exchange (HNX), the HNX-Index also increased 1.05 points to hit 106.76 points. The prices of 91 codes rose, while downturn was seen in 69 shares.Despite the increase in both the VN-Index and HNX-Index, the market’s liquidity was still not improved as only 229 million shares were sold with a total value of 4.2 trillion VND.In the VN30 group, which measures the performance of 30 stocks with the highest market capitalisation and liquidity on the HoSE, the prices of 23 codes rose with only four stocks dropping. The highest rise was seen in the prices of VJC with 7,000 VND per share, PNJ with 3,400 VND per share, and GAS and CTD with 2,100 VND and 2,600 VND per share, respectively. The price of HAG expanded to 7,580 VND per share.On the day, foreign investors bought 411,527 shares with 2.68 billion VND on the HNX and 359,310 shares worth 41.7 billion VND on the HoSE.
Source:VietNamNet News
July 30, 2018 14:37 UTC
MoU on Vietnam-Singapore cooperation centre to be signed
MoU on Vietnam-Singapore cooperation centre to be signedDeputy Prime Minister and Foreign Minister Pham Binh Minh is set to represent the Vietnamese Government in signing a memorandum of understanding (MoU) on the operation principles of the Vietnam-Singapore cooperation centre. Prime Minister Nguyen Xuan Phuc has approved the draft document and assigned Deputy PM Minh to sign the MoU with a representative of the Singaporean Government. Minh is on an official visit to Singapore from July 30 to 31, which is expected to deepen the cooperative and strategic partnership between the two countries. The countries founded diplomatic ties on August 1, 1973 and set up a strategic partnership in September 2013 during Singaporean PM Lee Hsien Loong’s official visit to Vietnam. They have actively worked to realise the strategic partnership and obtained substantive outcomes in all fields, from politics, security and defence, and economy, to education and training, culture, and people-to-people exchange.
Source:VietNamNet News
July 30, 2018 14:37 UTC
Phan Van Anh Vu sentenced to nine years in jail
Phan Van Anh Vu sentenced to nine years in jailThe Hanoi People’s Court on July 30 sentenced Phan Van Anh Vu nine years in prison for “deliberately disclosing state secrets” under Article 337 of the 2015 Penal Code. Phan Van Anh Vu at the courtThe defendant, also known as Vu nhom, is a 43-year-old resident in Hai Chau district, the central city of Da Nang. Phan Van Anh Vu was prosecuted on the charge of “deliberately disclosing state secrets” in December 2017. The Ministry of Public Security’s Security Investigation Agency received and arrested fugitive Phan Van Anh Vu on January 4 after he was deported from Singapore. Earlier the same day, President Tran Dai Quang signed a decision to strip Phan Huu Tuan of the title “People’s Public Security Officer”.
Source:VietNamNet News
July 30, 2018 14:37 UTC
Ho Chi Minh City records first death to dengue fever in 2018
Ho Chi Minh City records first death to dengue fever in 2018Ho Chi Minh City reported a year-on-year decrease of 36 percent in the number of dengue fever cases in the first seven months of 2018, however recently recording its first death caused by the disease this year. He cited the centre’s statistics as saying that between 350 and 450 people are hospitalised due to dengue fever each week. The city has to date controlled and eliminated a lot of high-risk areas containing larvae. Locals should be aware of killing larvae in their home, including in aquariums, flower vases, and other water containers. Last year, dengue fever hospitalised over 20,000 locals, killing six.
Source:VietNamNet News
July 30, 2018 14:37 UTC
20-year prison term proposed for ex-Chairman of the VNCB
20-year prison term proposed for ex-Chairman of the VNCBA 20-year prison term has been proposed for Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), for his involvement in the case of “deliberately violating State regulations on economic management, causing severe consequences” at VNCB. In this phase, they are accused of causing economic losses of more than 6.1 trillion VND (263.73 million USD) to VNCB. The first phase involved losses of 9 trillion VND (389 million USD). Following that, he deposited VNCB money in these three banks as guarantees for the 29 companies’ loans, causing over 6.1 trillion VND in losses to VNCB. Given his 30-year prison term announced in the first phase of the case, Danh will have to serve 30 years in prison (the highest level for a fixed prison sentence) if the court accepts the proposal.
Source:VietNamNet News
July 30, 2018 14:37 UTC
Industrial production maintains high growth of nearly 11% in 7 months
Industrial production maintains high growth of nearly 11% in 7 monthsViet Nam’s index of industrial production (IIP) scored a growth of 10.9 per cent in the first seven months of this year, up 7.1 per cent against the same period last year, the General Statistics Office announced. The country’s industrial production has maintained high growth since the start of the year, with a rise of 11.6 per cent in the first quarter and 10.5 per cent in the first half. — Photo pvoil.com.vnThe country’s industrial production has maintained high growth since the start of the year, with a rise of 11.6 per cent in the first quarter and 10.5 per cent in the first half. Electricity manufacturing and production increased 10.7 per cent. Two big oil refineries started operation in the first six months, including Binh Son Refining and Petrochemical JSC in Quang Ngai Province (completed maintenance) and Nghi Son Refining and Petrochemical LLC in Thanh Hoa Province (finished construction and began operation), which helped raise the production value.
Source:VietNamNet News
July 30, 2018 10:30 UTC
Vietnam embarks on developing online tourism
Vietnam embarks on developing online tourismWith a growing number of Internet users in the country, Vietnam has begun to apply information technology (IT) to develop online tourism, which is also a current global trend. The new tourism promotion website, www.vietnam.travel, was recently launched by the Vietnam National Administration of Tourism. However, the Vietnam E-commerce Association said that strong international brand names are dominating Vietnam’s online tourism market with a market share of about 80 percent. Tourism insiders said that in order to turn tourism into a key industry, many solutions must be carried out simultaneously, including developing online tourism. In July, VNAT officially opened a new tourism promotion website (www.vietnam.travel) with a view to enhancing e-marketing and Vietnam’s tourism promotion capacity.
Source:VietNamNet News
July 30, 2018 10:18 UTC