Vietnam’s fintech market value expected to reach $8 billion by 2020
Vietnam’s fintech market value expected to reach $8 billion by 2020VietNamNet Bridge - Finance technology solutions are growing rapidly in Asia Pacific. In Vietnam, all conditions are favorable to pave the way for the fintech market to boom. According to Solidiance, Vietnam’s fintech market in 2017 was valued at $4.4 billion and the figure is expected to increase to $7.8 billion by 2020. The organization says that the government of Vietnam has offered strong legal support to develop the fintech market. Solidiance’s research shows that payment solutions account for 89 percent of Vietnam’s fintech market.
Source:VietNamNet News
June 08, 2018 01:30 UTC
Made-in-Vietnam electric cars: dream or reality?
Made-in-Vietnam electric cars: dream or reality? Tam's car is a sedanTam's car is a sedan with compact design, 3 meters long, 1.6 meters high and 1.4 meters wide. He said it is easy to make a car by assembling car parts, but it is more difficult to manufacture cars on an industrial scale. Will an investor for Tam find support enterprises that make car parts for him if he intends to produce 50,000 cars only? RELATED NEWSVietnam considers making electric carsWithout support, e-vehicles still riseKim Mai
Source:VietNamNet News
June 08, 2018 01:30 UTC
BUSINESS IN BRIEF 8/6
Hai said the Government has paid attention to the development of the supporting industry and issued many supportive and preferential policies to promote the industry. Hai Duong to host litchi festival this weekendThe first-ever Thanh Ha Litchi Festival will take place on June 10 in Thanh Ha district in the northern province of Hai Duong, some 60 km from Hanoi. Along with booths offering Thanh Ha litchi, there will be also be presentations of dishes made using the fruit and a workshop identifying Thanh Ha litchi specialties. Thanh Ha litchi has been exported to Australia, Canada, Japan, China, France, Malaysia, the Philippines, Singapore, Sweden, Thailand, the United Arab Emirates, and the US. VV Mall is also connected to Crowne Plaza Da Nang, providing beachfront access to its customers.
Source:VietNamNet News
June 08, 2018 01:30 UTC
Vietnamese students graduate from agricultural course in Israel
Vietnamese students graduate from agricultural course in IsraelUp to 330 Vietnamese students have completed a short term training course on agriculture carried out by the Arava International Centre for Agriculture Training (AICAT) of Israel. First Secretary of the Vietnamese Embassy in Israel Khuat Van Quyen said after 10 months studied in Israel, Vietnamese students had gained access to knowledge of the country’s advanced agriculture and will contribute to Vietnam’s agricultural development. Le Thi My Trinh from the Ho Chi Minh City University of Agriculture and Forestry said students of this programme learnt about agricultural economy, finance, management, irrigation system and food security. The programme also offered opportunities for learners to improve their skills, both in agriculture and life skills, and helped them practice English, she added. Currently, there are four centres participating in the enrolment of students in Vietnam, including AICATA, Ramat Negev, Sdot Negev and Agrostudies.-VNA
Source:VietNamNet News
June 07, 2018 13:41 UTC
9th Documentary Film Festival kicks off
9th Documentary Film Festival kicks offVietNamNet Bridge – Twenty-two documentaries will be screened during the European - Vietnamese Documentary Film Festival from tomorrow to June 17 in Hanoi and HCM City. On the occasion of the 100th birthday celebration of Swedish director Ingmar Bergman, the film Ingmar Bergman Through The Choreographer’s Eye will open the European - Vietnamese Documentary Film Festival. — Photo belairclassiques.comThe 9th European - Vietnamese Film Festival is held by Viet Nam National Documentary and Scientific Film Studio and European Union National Institutes for Culture (EUNIC). "This festival brings some films which have won prizes at international film festival. The film won Best Documentary Film MIFF at the Martinique International Film Festival 2017.
Source:VietNamNet News
June 07, 2018 08:48 UTC
Inspections of exhaust emission yet to be conducted
Inspections of exhaust emission yet to be conductedThe Transport Ministry’s scheme approved by the Prime Minister in 2010 to impose checks on motorcycles’ exhaust emission has yet to be implemented by competent agencies to date, Nguoi Lao Dong newspaper reports. Since emission from such a large number of vehicles is a main source of air pollution, the exhaust emission inspection has been considered one of the urgent measures to handle environmental pollution in the city. A representative of the HCMC Department of Transport attributed unsuitable criteria for checks on motorcycles’ emission to the delayed implementation. Circular 70 on technical inspections and traffic environment protection regulates a low emission standard which is applicable to autos circulating on the street while a more stringent exhaust emission standard regulation, according to Decision 49/2011, was set to apply to new vehicles, the representative explained. To tackle the problem, the Ministry of Transport earlier set up a road map and three solutions to impose compulsory checks on motorcycles’ exhaust emission.
Source:VietNamNet News
June 07, 2018 08:15 UTC
FVH to host city walks
FVH to host city walksThe Friends of Vietnam Heritage will organise two English-speaking city walks during the weekend. A walking tour by the FVH on June 10 will discover the Hoan Kiem Lake area. — Photo muonmau.vnThe first walking tour on Saturday, June 9, will visit the Thang Long Imperial Citadel. The second tour on Sunday, June 10 will discover the Hoan Kiem Lake area – the heart of Hanoi, starting at 9am until 11am. The group will walk around the streets bordering Hoan Kiem Lake, discussing points of interest, stories, history, legends and traditions.
Source:VietNamNet News
June 07, 2018 07:41 UTC
Over 100 singers to perform at Hanoi concert tonight
Over 100 singers to perform at Hanoi concert tonightVietNamNet Bridge – Some 150 Japanese and Vietnamese artistes will perform at a concert tonight (June 6) at the Ha Noi Opera House, featuring Beethoven masterpieces and contemporary dance. — Photo of VNOBSummer Symphony will open with the music of The Creatures of Prometheus ballet and Symphony No. According to Kimura, all the musicians are the same, irrespective of whether they are Japanese or Vietnamese. “This is the first time VNOB’s concert will feature a large number of singers from international and Vietnamese choirs,” said VNOB director Tran Ly Ly. Conductor Kimura is skilful and has the experience to lead VNOB.”Conductor KotaThe second part of the concert will feature a contemporary dance called Moment.
Source:VietNamNet News
June 07, 2018 07:18 UTC
Steel producer in Ba Ria-Vung Tau fined for importing substandard scrap
Steel producer in Ba Ria-Vung Tau fined for importing substandard scrapVietNamNet Bridge – The southern province of Ba Ria-Vung Tau’s People’s Committee has fined Pomina Steel VND4.8 billion (US$210,500) over 17 environmental violations committed by two subsidiaries over the last two years. The Pomina 3 Steel Billet Refining Plant imported over 24 tonnes of scrap steel with impurity rates above the allowed limit in the last three years. — VNA/VNS Photo Hoang HaiPhu My Industrial Park-based Pomina 2 Steel Joint Stock Company was found to have imported scrap steel with impurity rates exceeding the amount allowed under national environmental technical standards. The Pomina 3 Steel Billet refining plant was found to have imported over 24 tonnes of scrap steel with impurity rates above the allowed limit and was fined VND1.4 billion. In addition to the fines, local authorities have also withdrawn the two Pomina subsidiaries’ environmental protection certifications, which facilitate the import of scrap steel for production.
Source:VietNamNet News
June 07, 2018 07:18 UTC
Cameras to be installed at level crossings
Cameras to be installed at level crossingsVietNamNet Bridge – Vietnam Railways (VNR) has asked railway companies to install cameras at level-crossing barriers to improve the safety of pedestrians. Installing cameras at level-crossing is expected to improve safety. — VNA/VNS PhotoAccordingly, railway companies across the country will install two cameras before and after level-crossing barriers. The Railway Department then asked Vietnam Railways to strengthen inspections and punish violators to improve railway traffic safety, Khoi said. After the accidents, Vietnam Railways suspended ten officers who were directly involved as well as disciplined 12 of their managers disciplined too.
Source:VietNamNet News
June 07, 2018 04:52 UTC
HCM City opens hotlines for child abuse victims, families
HCM City opens hotlines for child abuse victims, familiesVietNamNet Bridge – HCM City’s Department of Home Affairs has outlined a new policy on the prevention and handling of child abuse cases which includes new hotlines for victims and their families. HCM City issues new policy on child abuse, with new hotline numbers for victims and their families. Victims and families can also directly contact the People’s Committee of districts and wards, as well as the police. After that, the chairman of the People’s Committee will petition for prosecution, with documents and evidence sent to the police. Child abuse is defined as an act that has physical and psychological damage in the form of violence, maltreatment, or sexual assault.
Source:VietNamNet News
June 07, 2018 04:52 UTC
Hoa Sen Group crumbles?
Hoa Sen Group crumbles? Hoa Sen Group's rates of return in 2018's first quarter dropped by 80 per cent on-year. Furthermore, its main products’ market shares are threatened by other competitors, making Hoa Sen raising debts to maintain the market shares. To clarify this issue, VIR contacted with Hoa Sen Group and received an answer: “I do not know about the issue,” from a representative of the firm’s Investment Department. After the transaction, the firm retained 7.9 million HSG shares, equaling 2.25 per cent of Hoa Sen Group’s charter capital, officially leaving the group of the firm’s largest shareholders.
Source:VietNamNet News
June 07, 2018 04:18 UTC
Forbes announces top 50 firms of VN
Forbes announces top 50 firms of VNForbes Vietnam has announced Vietnam’s 50 top listed companies for 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges. Property developer Vingroup is the largest company by market capitalisation, according to Forbes Vietnam, with its market value reaching 15 billion USD on May 15. In the past 12 months, the Vietnamese stock market has made some significant achievements despite recent volatile weeks. By mid-May, the total market value of the Vietnamese stock market reached 168 billion USD, equal to 80 percent of Vietnam’s gross domestic product (GDP). Forbes Vietnam applies company ranking methods of Forbes (an American Business Magazine), taking into consideration the characteristics of the businesses listed in Vietnam.
Source:VietNamNet News
June 07, 2018 03:56 UTC
Cabinet members hoped to translate words into action
Cabinet members hoped to translate words into actionLegislators and voters expressed hope that ministers will put their words at the question-and-answer (Q&A) session of the 14th National Assembly’s fifth session into action. Deputy Prime Minister Vu Duc DamMinistries should produce periodical reports about measures to address issues of public concerns, Nguyen Thi Mai Hoa, a deputy from the Mekong Delta of Dong Thap said. Deputy Prime Minister Vuong Dinh HueDinh Duy Vuot, a deputy from the Central Highland province of Gia Lai, said the queries for Deputy Prime Ministers Vuong Dinh Hue and Vu Duc Dam are quite difficult. He said he was impressed by the answers of Deputy Prime Minister Vuong Dinh Hue about various issues of public concern from economy to culture and society. Agreeing, deputy Nguyen Van Son from the central province of Ha Tinh praised the answers by the Deputy Prime Ministers as short, clear and intelligible.
Source:VietNamNet News
June 07, 2018 03:45 UTC
Government News 7/6
According to him, education cooperation is one of the highlights in Vietnam – Canada ties. Canada’s exports to Vietnam doubled annually to over 1 billion CAD last year, especially farm produce and aquatic products. The Q&A sessions were broadcast live on Vietnam Television (VTV), the Voice of Vietnam (VOV) and National Assembly Television Channel. He emphasised that education is also a priority in bilateral cooperation, adding that the UK will increase scholarship for Vietnamese students. Lever said that the UK Embassy in Vietnam has planned various cultural and educational activities to mark the special occasion.
Source:VietNamNet News
June 07, 2018 03:22 UTC