Iran nuclear deal: Trump pulls US out in break with Europe allies
Iran nuclear deal: Trump pulls US out in break with Europe alliesUS President Donald Trump says he will withdraw the US from an Obama-era nuclear agreement with Iran. Iran's President Hassan Rouhani said: "The US has announced that it doesn't respect its commitments. He said he would "wait a few weeks" to speak to allies and the other signatories to the nuclear deal first. "It is clear to me that we cannot prevent an Iranian nuclear bomb under the decaying and rotten structure of this deal," Mr Trump said. "The Iran deal is defective to its core."
Source:VietNamNet News
May 09, 2018 03:22 UTC
Vietnam to beat Indonesia in AFC’s quarter-finals
Vietnam to beat Indonesia in AFC’s quarter-finalsViet Nam has set its sights on beating Indonesia in the quarter-finals of the Asian Football Confederation (AFC) Women’s Futsal Championship 2018 today. Viet Nam gained three wins to top Group B and reach the quarter-finals. “Being the winner of Group B improves the morale of the Vietnamese team, and takes off some of the pressure. At the Southeast Asian Games last year, Viet Nam bested Indonesia 2-1 to take the silver medal, while Indonesia received the bronze medal. Viet Nam will have its best line-up for the match today after their key player Nguyen Thi Chau recovered from her injury.
Source:VietNamNet News
May 09, 2018 03:11 UTC
Cyber security regulations should ensure business rights
Cyber security regulations should ensure business rightsThe cyber security law should be built on a careful assessment of its impacts on businesses and ensure the development of information technology and telecommunications, according to experts at a workshop in Hanoi on Tuesday. — Photo VietnamplusThe draft law on cyber security is expected to be submitted to the National Assembly for discussion at the end of this month. The draft law’s regulations on cyber security inspection and assessment require enterprises to suspend or stop selling their products in case such products affect cyber security. In terms of approach to the law, they recommended developing the cyber security law in a way that problems can be addressed individually, instead of conducting a general cyber security law. “In today’s world, cyber security is really about two things: the security of the physical infrastructure where data is stored and who owns and controls the data,” he said.
Source:VietNamNet News
May 09, 2018 02:03 UTC
BUSINESS IN BRIEF 9/5
Asset management of BVF continued to grow well, reaching VND47.8 trillion ($2 billion) in Q1/2018Bao Viet Fund (BVF) has announced its first quarter business results for 2018. In financial investment, investment income has had an annual average growth of 23 per cent. In North Vietnam, local trade promotion centres conducted 315 trade promotion activities, accounting for 25% of the total trade promotion activities nationwide and assisted more than 5,100 local enterprises in taking part in such activities. According to the MoIT, Vietnamese fruit exported to China should notice that China will increase their tracing of the origin of Vietnamese fruit. Once this has been found, it is important to learn the necessary basics of how to start a business.
Source:VietNamNet News
May 09, 2018 01:41 UTC
Youths learn more about climate change
Youths learn more about climate changeAs one of the countries hardest hit by climate change, Vietnam has set coping with this weather change a pressing task. A dialogue was held in Hanoi on May 8 where the youths learnt how to deal with impacts of climate change. So, they should have a thorough understanding of climate change. “Impacts of climate change are hugely visible. I will join in dealing with climate change impacts by planting trees, using less nylon bags.
Source:VietNamNet News
May 09, 2018 01:30 UTC
Credit institutions undergo drastic restructuring
Credit institutions undergo drastic restructuringThe banking industry is drastically restructuring credit institutions (CIs) in combination with bad debt settlement to ensure their safe, healthy and sustained growth. The central bank has so far approved the restructuring plans of most banks. At the forum, experts praised SBV’s handling of monetary management policy in recent years, noting it had helped stabilise the macroeconomy, support economic growth, and create confidence among investors. The experts suggested the central bank continue to apply the current stable and flexible monetary management policy as it was suitable and effective. According to Nguyen Xuan Thanh, director of Fulbright University Vietnam, the monetary management policy is operating so well that the central bank should not loosen it.
Source:VietNamNet News
May 09, 2018 01:30 UTC
Industry and Trade Ministry's projects increase losses
Industry and Trade Ministry's projects increase lossesTen out of 12 loss-making projects under the management of the Ministry of Industry and Trade (MoIT) have continued falling in the negative numbers, the ministry’s report said. Ninh Binh fertilizer plant - one of 12 loss-making projects under the management of the Ministry of Industry and Trade. The Quy Xa iron ore mining and quarrying project, the Lao Cai iron and steel plant, and the DAP 1 Hai Phong fertilizer plant have all reported rising profits and falls in accumulated losses. Of this, their equity was VND14.4 trillion, accounting for 22.56 per cent, while loans made up 74.6 per cent, about VND47.5 trillion. Local bank loans for the projects amounted to VND41.8 trillion, including VND16.9 trillion from VDB.
Source:VietNamNet News
May 09, 2018 01:30 UTC
VUFO honours outgoing Polish Ambassador
VUFO honours outgoing Polish AmbassadorVice President of the Vietnam Union of Friendship Organisations (VUFO) Bui Khac Son on May 8 presented the “For peace and friendship among nations” insignia to outgoing Polish Ambassador to Vietnam Barbara Szymanowska in recognition of her contributions to the growth of cooperation and friendship between the two countries’ people. The VUFO Vice President also highlighted that the Polish diplomat has given many initiatives to support and coordinate the VUFO in launching diplomatic activities, while actively engaging in the organisation’s activities. He expressed his hope that in any position, Szymanowska will continue making contributions to the development of friendship and affiliation between the two countries. She thanked the VUFO for assisting her in learning the history, culture and diverse traditions of Vietnam. The diplomat held that the friendship and partnership between the two countries will continue thriving in all fields.
Source:VietNamNet News
May 08, 2018 16:18 UTC
Trial held for 28 former officials of Dai Tin Bank
Trial held for 28 former officials of Dai Tin BankThe Ho Chi Minh City People’s Court on May 8 opened the first trial for 28 former officials of Dai Tin Bank (Trust Bank) – predecessor of the Vietnam Construction Bank (VNCB) for "abusing trust to appropriate property" and "deliberately acting against State regulations on economic management and causing serious consequences". Defendants at the court on May 8Hua Thi Phan, former senior advisor of the management board of Trust Bank, did not appear in the court because of reportedly poor health. At the court, lawyers defending Phan proposed postponing the trial due to Phan’s health. Phan then sold the house to Trust Bank and appropriate and cause damage of over 1.105 trillion VND. The court rejected Phan lawyers’ proposal of postponing the court due to her physical problem, holding that her absence does not affect the judging process.
Source:VietNamNet News
May 08, 2018 16:07 UTC
Vietnam asks China to maintain peace in East Sea
Vietnam asks China to maintain peace in East SeaVietnam asks China, as a large nation in the region and the world, to perform its responsibility in maintaining peace and stability in the East Sea, stated Foreign Ministry’s Spokesperson Le Thi Thu Hang on May 8. Foreign Ministry’s Spokesperson Le Thi Thu HangHang was in reply to reporters’ questions related to news run by foreign media that China has placed missiles at structures it illegally constructed on Vietnam’s Truong Sa (Spratly) archipelago. The actions cause tension and instability in the region and harm efforts of nations in negotiating for a Code of Conduct in the East Sea, she added. “Vietnam has sufficient legal foundations and historical evidence proving its sovereignty over Hoang Sa and Truong Sa archipelagos in line with international law,” she stressed. Vietnam asks China not to conduct militarised activities and withdraw all military equipment that it has illegally deployed in structures belonging to Vietnam’s sovereignty, Hang underscoredShe also requested China to respect Vietnam’s sovereignty over Hoang Sa (Paracel) and Truong Sa archipelagos, and strictly abide by the agreement on basic principles guiding the settlement of sea-related issues between Vietnam and China as well as the DOC.-VNA
Source:VietNamNet News
May 08, 2018 16:07 UTC
Vietnam advised to set clear vision for smart public transportation
Vietnam advised to set clear vision for smart public transportationVietnam needs to set a clear vision and plan to achieve its goals of developing smart public transportation, and study successful cases from countries that are world leaders in this development, according to international experts. BRT bus has its own lane on Hanoi streetIn the strategy for public transportation development to 2020, with orientations towards 2030, Vietnam set to make public transportation a preferable choice in tandem with controlling private vehicle growth and upgrading the quality of urban transportation. The diplomat attended the recent roundtable discussion in Hanoi on “Fostering efficient operation and management of public transport: sharing successful experience of Sweden in emerging countries”. BRT was first initiated by Hanoi as the capital city has set to create a smart and civilised public transportation image. Vietnam has seen significant improvement in the transport system, with over 1,000km of highways and a safe and convenient network of public airports, seaports.-VNA
Source:VietNamNet News
May 08, 2018 15:00 UTC
Vietnam Airlines increases Hanoi – Dong Hoi flights
Vietnam Airlines increases Hanoi – Dong Hoi flightsNational flag carrier Vietnam Airlines said on May 8 it will increase service between Hanoi and Dong Hoi in central Quang Binh province up to seven flights per week to meet travel demand during this summer. The carrier will operate 6 or 7 flights per week on the Hanoi – Dong Hoi route between June 1 and August 31. The flight from Hanoi to Dong Hoi will depart 6:00 am from Tuesday to Sunday. Last year, Dong Hoi city of the province welcomed nearly 1.1 million visitors, up 29 percent year-on-year. The city is home to a number of historical and cultural relic sites, including Dong Hoi Citadel and Church of Tam Toa.
Source:VietNamNet News
May 08, 2018 14:37 UTC
Indications slum on both bourses, VN-Index closes at 1,060 points
Indications slum on both bourses, VN-Index closes at 1,060 pointsCaution took the place of the excitement a day earlier to embrace the local stock market on May 8 as indications slumped on both bourses. The benchmark VN-Index on the HCM City Stock Exchange (HOSE) dropped 1.81 points to 1,060.45 points while the HNX-Index on the Hanoi Stock Exchange (HNX) eased 1.22 points to settle at 125.33 points. The total transaction value stood at more than 5.91 trillion VND (259.15 million USD), compared to 253 million USD on May 7. Meanwhile, UpCoM-Index inched up 0.1 points to 56.82 points. VNM (Vinamilk), VIC (VinGroup), GAS (PetroVietnam), VCB (Vietcombank), CTG (Techcombank) closed below the reference prices.
Source:VietNamNet News
May 08, 2018 13:41 UTC
Strategic personnel’s development highlighted at CPVCC meeting
Strategic personnel’s development highlighted at CPVCC meetingMembers of the 12th Communist Party of Vietnam Central Committee (CPVCC) discussed a project on building a contingent of cadres at all levels, especially strategic level, with sufficient virtue, capacity and prestige on par with their assigned tasks during the second working day of their 7th plenary session in Hanoi on May 8. Prime Minister Nguyen Xuan Phuc (standing) presides over the meetingThey emphasised the urgent need of renovating the personnel work as well as the development of officials of all levels, especially at strategic level to match their assigned tasks. They assessed the outcomes of the work so far, along with analysing shortcomings as well as reasons behind the weakness. They reached high consensus on the necessity to issue a new resolution on personnel work, while some suggested paying more attention to designing detail plans to translate the resolution into life. Besides, they concurred to issue a new resolution on personnel work, while focusing on raising the effectiveness of the evaluation of officials.
Source:VietNamNet News
May 08, 2018 13:30 UTC
State-owned firms could have wage autonomy
State-owned firms could have wage autonomyVinalines corruption case aroused great public criticismThe Ministry of Finance has proposed salary reform that will allow state-owned firms to decide salaries so that boards of directors will be hired rather than appointed as currently. Meanwhile, in Vietnam, the leaders are appointed and paid high monthly wages despite billions in losses. To many appointed leaders, they are not concerned about funds at state firms and will claim collective responsibility. The highest monthly wage at firms where the state is the majority shareholder is VND90m. Statistics from the Ministry of Labour, Invalids and Social Affairs show that the average monthly wage of the managing board at 345 state-owned firms in 2013 was VND26m (USD1,100).
Source:VietNamNet News
May 08, 2018 13:07 UTC