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
Awareness of coping with climate change raised among youngsters
Awareness of coping with climate change raised among youngstersDomestic and foreign scientists along with over 600 students from universities in Hanoi gathered in Hanoi on May 8 for a dialogue on climate change adaptation. These evaluations will be used to determine Vietnam’s international position in climate change negotiations and to serve internal purpose of optimising climate change adaptation at the provincial level. According to head of the climate change department under the Ministry of Natural Resources and Environment Tang The Cuong, Vietnam is among countries heaviest affected climate change. Being aware of challenges posed by climate change, the Vietnamese government approved a national programme to cope with climate change in 2008, a national strategy to deal with climate change in 2011, and a national strategy on green growth from 2012. Participants discussed the climate change situation in Vietnam, including the impacts of human activities on climate change and vice versa.
Source:VietNamNet News
May 08, 2018 12:00 UTC
This is Ninh Binh
This is Ninh BinhA guide to Ninh BìnhFor some of the most breathtaking and majestic landscapes in the world, there's no better place to visit than Ninh Bình. Here's a few tips on the best things to do and the best places to see:TravelBy train: Takes a little over two hours and costs between US$3 and $10. Places to stayHomestays start at around $6 a night and hotels range to up to $40 per night. Things to doA boat trip around the famous waterways and caves lasts around 2-4 hours and costs around $9. Food prices are not too dissimilar to Hà Nội.
Source:VietNamNet News
May 08, 2018 11:03 UTC
Man kills four, including two children, in knife attack
Man kills four, including two children, in knife attackVietNamNet Bridge – Police on Monday took into custody a man accused of killing four people, including two young children, in a knife attack in the northern province of Cao Bang. The remains of the house after being burnt by the knife attacker. The brother-in-law was not home, but his 96-year-old grandmother Ly Thi Dam, his wife Trieu Thi Coi and his two kids were. Khanh chased Phuong into the house, and attacked the whole family with his knife. As neighbours woke up and gathered at the house, they sealed the doors with Khanh and his victims inside.
Source:VietNamNet News
May 08, 2018 10:30 UTC
New fuel option left many gassed off
New fuel option left many gassed offVietNamNet Bridge – Saigon Petro Co., Ltd has proposed halting the sale of popular 95-octane gasoline A95 and replacing it with E5 bio fuel – but experts and customers have voiced concerns. An E5 bio fuel station. Saigon Petro Co., Ltd has proposed halting the sale of popular 95-octane gasoline A95 and replacing it with E5 bio fuel. However, the E5 fuel has not convinced the public. There should be surveys asking vehicle owners, producers, importers to decide whether A95 fuel should be consumed or not,” he said.
Source:VietNamNet News
May 08, 2018 10:30 UTC
VN Airlines shoots for $107 million consolidated profit in 2018
VN Airlines shoots for $107 million consolidated profit in 2018Vietnam Airlines (VNA) will propose its shareholders the target of VND2.421 trillion ($107.6 million) in consolidated pre-tax profit for the 2018 financial year at the upcoming annual general shareholders’ meeting (AGM). At its overseas market, VNA expects a growth of 10 per cent in market share and maintain its position in international markets, while ensuring business efficiency. In 2018, VNA plans to operate on average 92 aircraft. Considering the effect of the fuel price hike, VNA targets consolidated pre-tax profit and post-tax profit of $107.6 million and $85.2 million, respectively. The parent company reported VND64.920 trillion ($2.88 billion) in sales and VND1.911 trillion ($84.93 million) in pre-tax profit.
Source:VietNamNet News
May 08, 2018 10:18 UTC
Red carpet, tax incentives not enough for SEZ: experts
Red carpet, tax incentives not enough for SEZ: expertsVietNamNet Bridge - Phu Quoc, Van Don and Bac Van Phong, in order to develop into powerful SEZs, need to have an outstanding business environment and new institutional policies, experts say. “The investment incentives are competitive and we will have to change them regularly to create higher competitiveness to attract multinationals,” he said. Analysts say that investors expect not only tax incentives, but an open business environment and transparent institutional policies and procedures. However, analysts say that investors expect not only tax incentives, but an open business environment and transparent institutional policies and procedures. He said the degree of liberalization in the goods and service flow, and the institutional system are two prerequisites, while tax incentives will be just a secondary condition.
Source:VietNamNet News
May 08, 2018 09:22 UTC
Hanoi Flag Tower marred by graffiti
Hanoi Flag Tower marred by graffitiHanoi Flag Tower which is one of the symbols of the city has been covered in graffiti for years. The 33.4-metre flag tower is part of the Thang Long Citadel on Dien Bien Phu Street and a World Heritage Site. It was built in 1812 under Gia Long Emperor during Emperor Gia Long's reign and is the largest intact construction of the imperial citadel. There's no comment from the authorities yet on how to restore the tower or deal with the issue. Photos of the tower:The flag tower is a symbol of HanoiThe walls cracking and peelingGraffiti cover the towerDtinewsThe flag tower is a symbol of Hanoi The walls cracking and peeling Graffiti cover the tower
Source:VietNamNet News
May 08, 2018 09:11 UTC