$492mil. raised via G-bond auctions in May
raised via G-bond auctions in MayUp to 11.17 trillion VND (around 492.4 million USD) was raised during 20 auctions of government bonds in May, up 45.8 percent from the previous month, according to the Hanoi Stock Exchange. In the G-bond secondary market, the total volume of G-bonds sold by the outright method exceeded 760 million, worth more than 87.6 trillion VND (3.85 billion USD), down 25 percent month-on-month. Meanwhile, trading volume through repurchase agreements (repos) reached over 1.02 billion bonds valued at more than 104.8 trillion VND (4.61 billion USD), down 25 percent from April. Foreign investors made outright purchases of more than 4.7 trillion VND and outright sales of over 3 trillion VND. They made repo sales of over 235 billion VND but did not make repo purchases in May.-VNA
Source:VietNamNet News
June 01, 2018 12:45 UTC
President Tran Dai Quang receives Japanese lower house official
President Tran Dai Quang receives Japanese lower house officialVietnamese President Tran Dai Quang hosted a reception in Tokyo on June 1 for Keiji Furuya, Chairman of the Committee on Rules and Administration of the Japanese House of Representatives, as part of his state visit to the East Asian country. President Quang proposed Furuya continue promoting exchanges and meetings among sectors and parliamentarian agencies of the two countries, while increasing exchanges between parliamentarians, especially young legislators. President asks for JICA support in key areasPresident Tran Dai Quang (R) meets JICA President Shinichi Kitaoka (Source: sggp.org.vn)President Tran Dai Quang has proposed that the Japan International Cooperation Agency (JICA) continue working to increase Japan’s official development assistance (ODA) for Vietnam, focusing on large-scale infrastructure projects and human resources training. President meets Japan’s lower house speakerPresident Tran Dai Quang (right) and Speaker of the Japanese House of Representatives Tadamori OshimaPresident Tran Dai Quang has urged Japan’s House of Representatives (lower house) and the National Assembly of Vietnam to intensify the sharing of legislative experience and further promote their role in the development of relations between the two countries. Parliamentary friendship alliance contributes to Vietnam-Japan tiesPresident Tran Dai Quang has hailed the active contributions of the Japan-Vietnam Parliamentary Friendship Alliance to prompting the two countries’ extensive strategic partnership.
Source:VietNamNet News
June 01, 2018 11:00 UTC
Scholar awarded for preserving ancient writing system
Scholar awarded for preserving ancient writing systemThe Vietnamese Nom Preservation Foundation on May 31 presented the annual Balaban Award to Bui Xuan Duc, director of HCM City’s General Science Library. — Photo from facebook of VNPFHe received the award for his contributions to preserving the ancient writing system. The Balaban Award is named after John Balaban, a poet and professor of English in the creative writing programme in North California, the United States. The Vietnamese Nom Preservation Foundation was established in the late 1980s to standardise the Chu Nom script for use in computers and on the internet. With the advent of Quoc Ngu - modern Romanised script--- in the 17th century, the Nom script gradually died out, with the French colonial government ordering against its use.
Source:VietNamNet News
June 01, 2018 10:52 UTC
New book of poems for children launched
New book of poems for children launchedVietNamNet Bridge – “It’s storming outside/but no matter what it’s like/our family love will last forever/wall of love nothing can sever.”The book is a collection of 30 poems written in Vietnamese and English narrating stories of ordinary life and family love as well as containing moral lessons for children. The Wall of Love is one of the poems in a bilingual book that was released in HCM City on Thursday. Titled Good Morning, Mornings, the book is a collection of 30 poems written in Vietnamese and English narrating stories of ordinary life and family love as well as containing moral lessons for children. The poems describe the simple things in life, such as children going to school in the morning, colourful cakes that children love to eat, tears on plump cheeks when children are sad and a smiling face when a little kid has a nice dream. “When I write poems for children, I put myself in their position and think with childlike emotions.
Source:VietNamNet News
June 01, 2018 10:18 UTC
Hanoi’s air quality improves
Hanoi’s air quality improvesVietNamNet Bridge – Air quality in Hanoi has seen improvement in the first four months of the year, but not in all parts of the city. Growing more trees is one of the measures to improve the city’s air quality. It categorised Hanoi’s air quality in the first three months of the year as “bad” for people’s health. Amidst worries about the city’s air quality, environmental experts said that the city should try harder to get its observation data as accurate as it can in order to make better forecasts. Nguyen Duc Chung, chairman of the Ha Noi People’s Committee on Monday, told the department to make public all information about the city’s air quality.
Source:VietNamNet News
June 01, 2018 10:18 UTC
Celebrating Buddha’s birth in HCM City
Celebrating Buddha’s birth in HCM CityVietNamNet Bridge – Several religious activities through HCM City have marked the occasion of the Buddha’s 2,562th birthday, which fell on May 29 this year, the 15th day of the fourth lunar month. Vietnamese Buddhists and believers across the city have been organising the Buddha’s birth (Vesak) celebrations since the beginning of the week. These include the Buddha’s bathing ceremony, incense offerings, release of balloons and pigeons to pray for peace, and many humanitarian activities. All pagodas and temples in the city have been beautifully decorated with coloured lanterns and Buddhist flags. Colourful Hoa Dang slowly floating on the water.— VNS Photo Ngoc DiepReleasing Hoa Dang on the water.— VNS Photo Ngoc DiepA believer with a Hoa Dang praying for happiness.
Source:VietNamNet News
June 01, 2018 10:18 UTC
Buyer of legally protected turtles to be sentenced to two to seven years in prison
Buyer of legally protected turtles to be sentenced to two to seven years in prisonVietNamNet Bridge – A man who illegally purchased around 7,000 dead sea turtles several years ago is expected to be sentenced to two to seven years in prison, a more severe punishment than what was proposed last year. Hai said he did not make his purchases by cash but instead exchanged alcohol, beer and cigarettes for the sea turtles. In November 2014, inspectors at Khanh Hoa Province’s Department of Agriculture and Rural Development, with other agencies, seized 2,230 dead sea turtles at Hai’s warehouse. The following month, they found thousands of dead sea turtles and 789 giant clam shells in a different location. Hai said that he had not sold products from the turtles’ bodies, and that he was not aware that sea turtles were protected by law.
Source:VietNamNet News
June 01, 2018 10:18 UTC
Over 100 Vietnamese nurses recruited in Germany
Over 100 Vietnamese nurses recruited in GermanyVietNamNet Bridge – A pilot project of Germany on training Vietnamese nurses has proved effective, as was reported at a seminar reviewing the project held in Berlin. Conducted by the German Development Cooperation Agency (GIZ), the project on training Vietnamese nurses has proved effective.— Photo molisa.gov.vnThe seminar was organised by the German Federal Ministry for Economic Affairs and Energy. Conducted by the German Development Cooperation Agency (GIZ), the project has trained 200 Vietnamese nurses since 2012. Minister Counsellor at the Vietnamese embassy in Germany Nguyen Huu Trang highlighted cooperation opportunities between Vietnam and Germany, especially in labour training and exchange. During their visits to Vietnam this year, leaders of the German states of Hamburg, Bremen, Rheinland Pflaz and Mecklenburg Vorpommern proposed boosting labour and vocational training cooperation with Vietnam, including training of nurses.
Source:VietNamNet News
June 01, 2018 10:07 UTC
Ministry insists on ’99-year policy’, but economists oppose
MPI insists on '99-year policy'Pham Chi Lan, an economist, commented that it would be a bad idea to lease land for such a long time. Vietnam offers many investment incentives related to land leasing conditions, and land rental and transfer could be risks to sovereignty. “I strongly recommend removing the tentative provision about allocating land to investors for 99 years,” Lan said. It would be better to reconsider the ’99 year policy’ not only in the context of conditions of Vietnam, but also international integration. Explaining his view, Dung said this would be an outstanding policy of Vietnam to attract foreign investors.
Source:VietNamNet News
June 01, 2018 10:07 UTC
Vietnam’s most modern children’s hospital inaugurated
Vietnam’s most modern children’s hospital inauguratedThe City Children’s Hospital – the most modern of its kind in Vietnam – was officially inaugurated in Ho Chi Minh City on June 1 after four years of construction. Located at 15 Vo Tran Chi street, Binh Chanh district, it aims to become a modern pediatric hospital with medically complex subspecialties achieving national and regional standards. It is the first children’s hospital in Vietnam having all three components of cancer treatment: chemotherapy, surgery, and radiotherapy. Minister of Health Nguyen Thi Kim Tien stressed the significance of the inauguration of the hospital on June 1 – International Children’s Day. She expressed her belief that the hospital will be Vietnam’s first modern pediatrics hospital whose services are on par with those of regional countries with advanced medicine.
Source:VietNamNet News
June 01, 2018 09:45 UTC
Runaway executive added to wanted list
Runaway executive added to wanted listPolice announced on Thursday evening it had issued a wanted notice against former company executive Vu Dinh Duy, under whose leadership a State-owned firm lost millions of dollars. Vu Dinh Duy, former general director of the Petrochemical and Textile Fibre Joint Stock Company (PVTex). - File photoPolice said the decision was made after they determined that Duy was on the run from the investigation. He was last seen in Viet Nam nearly two years ago, when he flew out of the country on October 22, 2016 to seek “medical care”. At the time, the 43-year-old was the general director of the Petrochemical and Textile Fibre Joint Stock Company (PVTex), a subsidiary of the Viet Nam Oil and Gas Group.
Source:VietNamNet News
June 01, 2018 09:22 UTC
Historical forest in Tay Ninh to be merged with national park
Historical forest in Tay Ninh to be merged with national parkVietNamNet Bridge – The Ministry of Agriculture and Rural Development has agreed with the Tay Ninh Province’s policy to merge the Chang Riec historical and cultural forest with Lo Go-Xa Mat National Park for administrative purposes. The Chang Riec historical and cultural forest and Lo Go-Xa Mat National Park in Tay Ninh Province are set to be merged for administrative convenience. The ministry has called on the Tay Ninh Province People’s Committee to complete the merger plan and seek approval from the Government. The forest and the national park are located in Tan Bien District near the Cambodian border and measure 10,812ha and 19,210ha respectively. According to the People’s Committee, the merger is expected to help conserve and promote national historical and cultural monuments besides helping protect the biodiversity and natural resources of the two places and develop eco-tourism in Tay Ninh.
Source:VietNamNet News
June 01, 2018 08:37 UTC
Vietnam to run pilot automation of patent applications
Vietnam to run pilot automation of patent applicationsVietNamNet Bridge – The intellectual property (IP) registration process, which lasts 36-42 months, will be shortened to 36 months from June 1 next year. A Memorandum of Understanding (MOU) is recently signed by the Intellectual Property Office under the Ministry of Science and Technology and the Korea Intellectual Property Office.— Photo qdnd.vnThe change is regulated in a Memorandum of Understanding (MOU) recently signed by the Intellectual Property Office under the Ministry of Science and Technology and the Korea Intellectual Property Office. The MOU aims at strengthening intellectual property (IP) management. The MOU focuses on setting up IP rights in Vietnam, enhancing the quality of examination of patent applications and the system of automation of administration of industrial property registration applications. Under the agreement, Korean-origin applications submitted to the National Office of Intellectual Property of Vietnam will receive an accelerated appraisal process if they meet all requirements.
Source:VietNamNet News
June 01, 2018 08:26 UTC
NA fear tax levy might legalise corrupted money
NA fear tax levy might legalise corrupted moneyVietNamNet Bridge – The National Assembly debate on the draft amendment to the anti-corruption law on Thursday was thrown into confusion as the deputies failed to agree on how to handle the suspicious unreported wealth of a public servant. In the first scenario, the officer who is found to have misreported his wealth will have to pay 45 per cent income tax on the total unreported earnings. The other solution includes no tax charge, but only an administrative fine for the incorrect declaration of assets. “If it is necessary to pay 45 per cent income tax on the unreported wealth, what would become of the remaining 55 per cent? Nghia suggested another new solution which was literally a combination of those existing two in the draft law.
Source:VietNamNet News
June 01, 2018 08:26 UTC
Bac Kan Province struggles to control illegal mining
Bac Kan Province struggles to control illegal miningVietNamNet Bridge – Authorities are struggling to control illegal mineral mining and transportation in the northern province of Bac Kan. The Nang River running through An Thang Commune in Pac Nam District has been severely polluted due to gold mining. They also closed two illegal mining camps. In Na Rì District, gold mines located in the Kim Hy Natural Reserve were also mined by illegal miners. Nguyen Phuc Dan, deputy head of the mineral division under the province’s Environment and Natural Resources Department, said besides illegal mining, local authorities also failed to collect enough tax from legitimate mining activities.
Source:VietNamNet News
June 01, 2018 08:26 UTC