BUSINESS IN BRIEF 30/5
In 2017, certificates were provided for three projects with total investment of more than 5 trillion VND, covering 11.7 hectares of land. However, the sharp decrease in market share and business activities of its store chain are bad signs. “We want to develop these two chains into major business segments with their performance doubling that of the MWG chain. The project has a total investment of $59.7 million and charter capital of $39.86 million. In 2017, certificates were provided for three projects with total investment of more than 5 trillion VND, covering 11.7 hectares of land.
Source:VietNamNet News
May 30, 2018 02:15 UTC
Book on Cho Lon lifestyle released
Book on Cho Lon lifestyle releasedVietNamNet Bridge – Author-journalist Nguyen Dinh’s Chuyen Nho O Cho Lon (Stories of Big Market), a book on the Old Quarter, known as Cho Lon (Big Market) in HCM City, was released last weekend. Lifestyle of Hoa living in Cho Lon ( Big Market) in HCM City (Photo by Ngoc Diep)The 309-page book features the 200-year old history, culture and lifestyle of Cho Lon, which lies on the west bank of the Sai Gon River. It is one of the biggest wholesale markets in HCM City, offering a wide range of goods. Writer Dinh has spent more than 20 years researching, collecting and capturing information and images of daily life of the Hoa people in Cho Lon. The book Chuyen Nho O Cho Lon is published by the The Gioi Publishing House and Phuong Nam.
Source:VietNamNet News
May 30, 2018 02:15 UTC
600-year-old citadel in Thanh Hoa faces erosion
600-year-old citadel in Thanh Hoa faces erosionVietNamNet Bridge – The 600-year-old citadel in the central province of Thanh Hoa is facing serious erosion caused by heavy rains. At sites of erosion, big stones have slid dozens of metres from the base of the wall. The most serious erosion was formed in September last year due to a big storm. In October 2017, the Ho Citadel Heritage Preservation Centre invited experts from the culture ministry, UNESCO office in Hanoi and local scientists to discuss solutions. Pham Duy Phuong, director of the Thanh Hoa Department of Culture, Sports and Tourism, told Thanh Nien (Young People) newspaper that two solutions have been proposed.
Source:VietNamNet News
May 30, 2018 02:15 UTC
Israeli films to be screened in Hanoi
Israeli films to be screened in HanoiVietNamNet Bridge – The Embassy of Israel in Vietnam will present the Israel Film Festival 2018, from June 1-4 with various films touching on a number of topics from daily life to monumental dramas, and from documentaries to kid’s films. Tune in: A scene in the film Abulele (2015) which will be screened at the Israel Film Festival 2018. — Photo wjff.pl“Through the films, Vietnamese audiences will have a chance to contemplate the beautiful landscapes of Israel, as well as learn more about the culture, traditions and identities of the Israeli people,” said Ambassador Nadav Eshcar. Opening on June 1, Wedding Doll tells the story of Hagit, a young woman with a mild mental deficiency who works in a toilet-paper factory. A Quiet Heart features Naomi, a secular young woman, who seeks refuge from the pressure of her life in Tel Aviv as a concert pianist.
Source:VietNamNet News
May 30, 2018 02:03 UTC
Farmers should reduce areas farming shrimp
With those prices, farmers could break even or make low profits, with some even sustaining losses, according to the association. The situation has forced most farmers to stop shrimp production or reduce the quantity of reared shrimp, waiting for prices to recover in the coming months. In 2017, the consumption of shrimp increased on the world market, leading to higher selling prices of shrimp for farmers. From the third quarter, local factories would increase purchasing raw shrimp material due to increasing demand from import markets, leading to higher shrimp prices, they said. Those actions would improve competitiveness of the local shrimp production industry and quality of shrimp products.
Source:VietNamNet News
May 30, 2018 02:03 UTC
Foreign firms eye VN plastics
Foreign firms eye VN plasticsThe massive increase in the number of M&A deals involving foreign investors is putting pressure on Viet Nam’s plastics industry. According to the Viet Nam Plastics Association, in 2017, the total value of plastics exports in Viet Nam reached over $3 billion, up 17.6 per cent over 2016. SCG Group also plans to invest up to US$6 billion to strengthen its position in the Vietnamese plastics industry from now until 2020. Ho Duc Lam, chairman of the Viet Nam Plastics Association (VPA), told Phap luat thanh pho Ho Chi Minh (HCM City Law) newspaper that Thailand is gradually penetrating the Vietnamese plastics market with professional distribution systems. In addition to Thai firms, Korean players are also eyeing the Vietnamese plastics market.
Source:VietNamNet News
May 30, 2018 01:52 UTC
Two boys die of rabies
Two boys die of rabiesTwo ethnic minority boys in the northern provinces of Hoa Binh and Lang Son have died of rabies over the past five days, said Dr. Bui Huy Vu from the National Hospital of Tropical Diseases. He did not tell his parents about the bite until he suffered from the symptoms of rabies. He had clear symptoms of rabies and died on the same day. Vu said that people need to be vaccinated against rabies after being attacked by dogs or cats. Cats and dogs need to be vaccinated against rabies and also need to wear muzzles in public places.
Source:VietNamNet News
May 30, 2018 00:22 UTC
SSI leaders calm down investors
SSI leaders calm down investorsInvestors should not panic about the continuous fall of the stock market in recent times, said leaders of Saigon Securities (SSI). Pham Hong Son, Nguyen Vu Quang Trung and Nguyen Duy Hung (from left to right). However, he advised investors to calm down and invest in securities for a long-term value. According to Hung, foreign investors are still interested in Viet Nam’s stock market. He said the issuance of large-cap stocks forced foreign investors to balance their portfolio by selling some stocks to buy others.
Source:VietNamNet News
May 29, 2018 17:03 UTC
Railway sector under scrutiny as accidents pile up
Railway sector under scrutiny as accidents pile upMinister of Transport Nguyen Van The said on Monday he apologised to the families of the victims in recent railway accident and would take responsibility for what had happened. Minister of Transport Nguyen Van The apologises to the families of the victims of the recent railway accidents at the meeting on Monday. “The railway sector needs to frequently test skill and knowledge of train drivers and operators of railway crossing barriers or gatekeepers,” Khôi said. “The capability of railway rescue teams must also be strengthened.”Asked about weaknesses of the railway department, Khôi blamed it on the lack of necessary equipment at railway stations, as well as on human resources issues. Minister Thể acknowledged the views given by experts and officials and asked railway sector leaders to seriously review and verify the causes of recent accidents.
Source:VietNamNet News
May 29, 2018 16:52 UTC
VN keeps close eye on Ebola in DR Congo
VN keeps close eye on Ebola in DR CongoThe Ministry of Health is liaising with the World Health Organisation (WHO) to strengthen supervision over the Ebola virus in Congo and assess the risk of the virus spreading to Viet Nam. An International Health Quarantine Centre staff member checks arrivals’ body temperature. The risk of the virus spreading into the country is low. The WHO also convened an emergency committee to discuss the matter, assessing the Ebola epidemic in Congo to be at level 3, a high alert level. The world health body also stressed that it was “particularly important there should be no international travel and trade restrictions”.
Source:VietNamNet News
May 29, 2018 16:52 UTC
Embassies, int’l organisations join in preventing plastic pollution in VN
Embassies, int’l organisations join in preventing plastic pollution in VNTwenty-two embassies and international organisations in Vietnam will sign a code of conduct on plastic pollution prevention on June 4 to mark World Environment Day (June 5), according to the Canadian Embassy in Vietnam. Initiated by the Canadian Embassy, the campaign aims to raise public awareness of adverse impacts of plastic pollution and calling for changes in behaviours, institutions and policies, thus helping reduce plastic waste in Vietnam. Following the ceremony, there will be a roundtable workshop on plastic pollution, during which policy makers, business executives, scholars and environmental activists will discuss challenges to plastic waste reduction and propose measures to effectively address the issue. According to earthday.org, 8.3 billion metric tonnes of plastic has been produced since plastic was introduced in the 1950s. The amount of plastic produced in a year is roughly the same as the entire weight of humanity.
Source:VietNamNet News
May 29, 2018 14:48 UTC
Over 500,000 routers, storages infected by VPNFilter
Over 500,000 routers, storages infected by VPNFilterThe Authority of Information Security under the Ministry of Information and Telecommunications on May 29 warned that more than 500,000 routers and storages in many countries, including Vietnam, have been exposed to VPNFilter virus. The most vulnerable devices are Internet-connected routers and storages produced by popular brands like Linksys, Mikro Tik, Netgear and TP-Link.A research by Cisco Talos group run by Cisco showed that VNPFilter is a multi-phrase cyber-espionage virus that can steal information of websites and spy the industrial command domain such as those of power network or industrial infrastructure.An effected device will be restarted and reset, during which the /var/run/vnpfilterw link will be created.The authority advised that if users think that their devices have been infected by the virus, they should reset their devices to default mode to erase the malware, while updating the firmware as soon as possible.Over the past years, the authority has made several warnings of lopes and weaknesses in information security.Last week, international organisations announced at least 327 security holes could spark attacks to affect Vietnamese users.
Source:VietNamNet News
May 29, 2018 14:26 UTC
President Tran Dai Quang visits Japan’s Gunma prefecture
President Tran Dai Quang visits Japan’s Gunma prefectureRight after his arrival in Japan on May 29 afternoon, President Tran Dai Quang and a high-ranking delegation of Vietnam visited Gunma prefecture where about 7,000 Vietnamese people are living, studying and working. President Tran Dai Quang (left) and Gunma prefecture’s Governor Masaaki Osawa. Later on the same day, President Quang visited Koganei Seiki Co., which is specialising in manufacturing aircraft and formula one cars. Emperor Akihito and Empress Michiko are scheduled to meet with and hold a state banquet in honour of President Quang and his spouse. During the visit, President Quang will also hold talks with Japanese Prime Minister Shinzo Abe.-VNA
Source:VietNamNet News
May 29, 2018 13:18 UTC
VN-Index rises over 20 points
VN-Index rises over 20 pointsThe VN-Index rose more than 20 points on May 29 after suffering a drop of 32 points on the previous day. In the morning, the VN-Index lost 5.86 points to 925.89 points on the Ho Chi Minh Stock Exchange (HOSE), with total transaction valued over 119 billion VND.After falling to 922 points, from about 10:30am, the index started rising to 938 points. It reached over 952.18 points at the end of the day, up 20.43 points over the previous day, with 184 million shares sold for 5.34 trillion VND.The best sellers in the day included VCB and CTG, while the prices of GAS, VIC and SAB suffered a drop of about 1,000-3,000 VND per share.In the VN30 group, the prices of 4 codes reduced, while that of 2 codes was unchanged. Meanwhile, rise was seen in 24 codes.On the Hanoi Stock Exchange (HNX), the HNX-Index closed at 112.88 points, up 5.51 points. More than 50 million shares were sold with total transaction value of about 693 billion VND.At the same time, the UPCOM-Index posted 52.33 points, an increase of 1.24 points over the previous day, with total transaction value of 223 billion VND.-VNA
Source:VietNamNet News
May 29, 2018 13:18 UTC
Deputy PM: CPI growth could be kept below 4 percent in 2018
Deputy PM: CPI growth could be kept below 4 percent in 2018Deputy Prime Minister Vuong Dinh Hue has urged the Government’s Steering Committee for Price Management to seek measures in order to minimize external impacts on domestic prices, thus keeping CPI growth below 4 percent in 2018. However, he said, over the past two months, higher prices of oil, gas, pork and food, plus complex developments in the world’s market have put huge pressure on the price management work. Nguyen Anh Tuan, Director of the Finance Ministry’s Price Management Department, the CPI expanded by 3.01 percent in the first five months of 2018. Concluding the working session, Deputy PM Hue stressed that it is possible to control the CPI growth below 4 percent in 2018. The new circular should come into force from July 15, 2018, stipulating the decreased of 80 types of medical services.-VNA
Source:VietNamNet News
May 29, 2018 13:18 UTC