Review of VN's first-four-month foreign investment in 2018
Review of VN's first-four-month foreign investment in 2018Foreign investment inflow decreased by 23.9% but disbursed volume increased to US$5.1 billion from US$4.8 billion of the same period last year.
Source:VietNamNet News
May 04, 2018 03:17 UTC
No risk of insolvency for social insurance fund: official
No risk of insolvency for social insurance fund: officialVietnam Social Security Fund (VSSF) will not go bust by 2025, Deputy General Director of the Vietnam Social Security Dao Viet Anh has said. He said the forecast was made by the International Labour Organisation before the issuance of the Law on Social Insurance in 2014. However, under the new law, the coverage of social insurance has expanded and the methods to calculate premium and payments have changed, which made the previous forecast no longer correct, he further explained. He stressed that the proposal on higher retirement age must take into account various issues like age, the efficiency of human resources use, labour productivity and gender equality, apart from social insurance fund balance. According to MoLISA Minister Dao Ngoc Dung, either of these options, if approved, will be implemented with a planned timeline so that it will not be an immediate change for labourers.-VNA
Source:VietNamNet News
May 04, 2018 03:11 UTC
Ly Hoang Nam enters men’s doubles’ final of VN F1 tennis event
Ly Hoang Nam enters men’s doubles’ final of VN F1 tennis eventThe Vietnamese duo Ly Hoang Nam and Le Quoc Khanh reached the final of the men’s doubles category of the Futures Vietnam F1 tennis tournament in Hue yesterday. The Vietnamese duo Ly Hoang Nam and Le Quoc Khanh. — Photo VTFThe Vietnamese pair defeated Niki Kaliyada Poonacha and Abhinav Sajeev Shanmugam of India 6-4, 6-2 in the semi-final match. In today’s final, Nam and Khanh will face the winners in the match between the pair Justin Barki of Indonesia and Soichiro Moritani of Japan and Chun Hun Wong, Park Long Yeung of Hong Kong. Nam, No 1 seed and world No 461, also faces Kazuki Nishiwaki of Japan, world No 998 ATP in the quarter-finals in men’s singles.
Source:VietNamNet News
May 04, 2018 03:00 UTC
More investors want to sell giant BOT projects to the govt
More investors want to sell giant BOT projects to the govtVietNamNet Bridge - More infrastructure developers want to transfer projects to the State because of a number of problems they face. Investors want to sell BOT projects to the governmentCienco 4, Tuan Loc and Truong Loc, the initial investors of Thai Nguyen – Cho Moi BOT (build-operate-transfer) project, capitalized at VND2.713 trillion, has sent word intimating that they want to transfer the project, which is facing difficulties. After three months of implementing fee collection at one of two collection stations of the projects, the investors collected only VND6.6 billion. More infrastructure developers want to transfer projects to the State because of a number of problems they face. Prior to that, some other BOT project developers also intended to transfer the entire project to the state because of problems.
Source:VietNamNet News
May 04, 2018 02:03 UTC
Gov’t leader urges reforms to keep up with global development pace
Gov’t leader urges reforms to keep up with global development paceAmid the complex world situation, Vietnam needs to push ahead with reforming policies and regulations to keep up with the development pace of the global economy, said Prime Minister Nguyen Xuan Phuc. While some officials, public employees and civil servants haven’t been drastic enough in their work, resources remains limited and existing policies haven’t truly created conditions for development. He asked each Cabinet member to be well aware of their responsibilities to stand ready to respond to new problems and fast changes of the domestic and international situation in order to create momentum for sustainable development. He told them to swiftly address problems arising and lingering shortcomings, particularly in food safety, culture, smuggling, trade fraud and deforestation. Regarding export promotion measures, he requested the Ministry of Industry and Trade, relevant ministries and sectors, and localities to step up trade promotion and remedies, seek new markets, and improve domestic production capacity.
Source:VietNamNet News
May 04, 2018 02:03 UTC
BUSINESS IN BRIEF 4/5
The country raked in 6.5 billion USD from exports of main agricultural products, 2.4 billion USD from seafood and 2.7 billion USD from main forestry products, up 11.9 percent, 13 percent and 7.9 percent from the same time last year, respectively. Earnings from coffee regained a slight rise of 0.4 percent to 1.3 billion USD despite an 18.1 percent increase in volume with 691,000 tonnes. Imports of telephone and spare parts increased 9.8 percent to 4.42 billion USD, and that of fabric of all kinds was up 10 percent year on year to 3.66 billion USD. Exports showed a reduction of 13.9 percent on a monthly basis to 18.2 billion USD, and imports in the month also fell 7.3 percent month on month to 17.5 billion USD. As a result, trade surplus in April is estimated at 700 million USD, raising the surplus for the January-April period to 3.39 billion USD.
Source:VietNamNet News
May 04, 2018 01:41 UTC
Petrol traders urged to lift bio market share
Petrol traders urged to lift bio market shareWholesale petrol traders should make more efforts to raise the market share of bio-fuel E5 in the country, said Deputy Minister of Industry and Trade (MoIT) Do Thang Hai. He said although the output of bio-fuel E5 had grown remarkably in recent times, it was not up to expectations. E5 RON 92 consists of five per cent ethanol and 95 per cent petrol. He requested enterprises to seriously and persistently implement and continue to take more aggressive measures to increase the market share of E5 petrol business. Hai also requested petrol stations to install E5 gasoline pumps in convenient locations and said there was a need to have more pump piers.
Source:VietNamNet News
May 04, 2018 01:41 UTC
Extreme weather 'potentially catastrophic' for bats
Extreme weather 'potentially catastrophic' for batsExtreme weather appears to be disrupting the life cycle of Europe's bats. Scientists were alarmed to find that some bats in Portugal skipped winter hibernation altogether this year while others gave birth early. Bats feed on insects such as moths -- Photo: HUGO REBELOThe researchers are concerned that mild weather in the south of Portugal is interfering with bat hibernation. "The increasing variability of weather conditions is potentially catastrophic for bats," said Dr Fiona Mathews of the University of Exeter. It is one of the first bat species to give birth, but this normally happens in April.
Source:VietNamNet News
May 04, 2018 01:18 UTC
VTC declines invitation to be honored by YouTube
VTC declines invitation to be honored by YouTubeVietNamNet Bridge - The Vietnam Multimedia Corporation (VTC) earlier this year unexpectedly refused to attend an event honoring content creators held in HCM City. YouTube dominates the OTT market of streaming videoAnalysts can see the strong rise of local apps which also have long reach in the market. They include Zing, FPT Play, VTVCab On, VTVGo and V Live, four-fifths of which are apps that provide OTT TV services. After merging with the Voice of Vietnam (VOV), VTC has focused on digital content development, especially on social network platforms.VTC has been effectively developing content on YouTube with many channels. RELATED NEWSYouTubers to be affected as Youtube advert rules tightenedYouTube removes "toxic" videosChi Nam
Source:VietNamNet News
May 04, 2018 00:56 UTC
Hanoi authorities request illegally-built palace be dismantled
Hanoi authorities request illegally-built palace be dismantledAuthorities in Hanoi’s outlying district of Ba Vi have requested a local family to dismantle a so-called palace illegally built on forest land. The “princess palace”The “princess palace” is located at Yen Bai Commune is being built by Le Viet Long’s family. The family built the work without permission from local authorities. The authorities have urged Long’s family to dismantle the work in some days to come or they will have drastic measures to deal with this, Chien noted. The palace covers around 100 square metresThe palace covers around 100 square metres and has two floors.
Source:VietNamNet News
May 04, 2018 00:56 UTC
Many villages in Vietnam's central region sinking
Many villages in Vietnam's central region sinkingVietNamNet Bridge - The central coastal region is facing more and more landslides, with many villages in danger of disappearing, though hundreds of billions of dong from the state budget have been used to save them. The central coastal region is facing gradual landslidesBamboo stakes were piled, sandbags were laden, and solid concrete embankments were built, but these did not improve the situation. Becoming homelessThe sea village of Thanh Minh in Quang Vinh commune in Sam Son City has been struggling to survive for many years. The central coastal region is facing more and more landslides, with many villages in danger of disappearing, though hundreds of billions of dong from the state budget have been used to save them. The efforts to save villages and houses were just ‘grains of salt in the sea’.
Source:VietNamNet News
May 04, 2018 00:22 UTC
Honey collectors sweeten the deal
Honey collectors sweeten the dealVietNamNet Bridge – In U Minh District in the southernmost province of Ca Mau, there is a popular job called “gac keo ong” which literally means ’the guard of honey bees hives’. The honey guards consider factors including wind direction, sunlight, and honey bees’ flight paths to select the best place to put the keo ong. Before collecting honey, the honey guards burn tinder wood next to the hives, which causes the bees to flee, he said. “Domestically-raised bees drink sugar water, forest honey bees don’t, even if people put sugar water near their hives for months,” Nhi said. Sweet dreams: Men carry a keo ong after harvesting bee honey from cajuput forest in southernmost province of Ca Mau.
Source:VietNamNet News
May 03, 2018 23:37 UTC
Twitter tells 330 million users to change their passwords
Twitter tells 330 million users to change their passwordsTwitter has warned its 330 million users to change their passwords after a glitch exposed some in plain text on its internal network. The social network said an internal investigation had found no indication passwords were stolen or misused by insiders. However, it still urged all users to consider changing their passwords "out of an abundance of caution". A bug caused the passwords to be stored on an internal computer log before the hashing process was completed. As well as changing passwords, users have been advised to turn on two-factor authentication service to help stop accounts being hacked.
Source:VietNamNet News
May 03, 2018 22:30 UTC
Renowned violinist Stephane Tran Ngoc to return Vietnam for HCMC concert
Renowned violinist Stephane Tran Ngoc to return Vietnam for HCMC concertThe celebrated Vietnamese-French violin soloist Stephane Tran Ngoc will return to Vietnam to perform a concert at the Ho Chi Minh City Opera House on May 9. Vietnamese-French violin soloist Stephane Tran NgocBorn in Paris, France, Stephane Tran Ngoc has toured more than 30 countries around the world and has performed as soloist with some of Europe’s finest orchestras. At the May 9 concert, Ngoc will take to the stage with performances of Shostakovich’s Violin Concerto No. The concert will take place under the baton of music director of the Ho Chi Minh City Ballet Symphony Orchestra and Opera, Tran Vuong Thach. The show's curtains will be raised at 8 pm, May 9, at the Ho Chi Minh City Opera House, 7 Cong Truong Lam Son Street, Ben Nghe ward, District 1.
Source:VietNamNet News
May 03, 2018 14:26 UTC
Award-winning high-schooler denied US visa for science fair
Award-winning high-schooler denied US visa for science fairA Vietnamese pupil may miss the opportunity to participate in an international science fair in the US after his visa application was rejected twice. "Currently, Mai Nhat Anh is the only rejected contestant, the other rejected members are teachers," Thanh said. I'm confused and hope that my visa will be approved to attend the fair." Last year, another high school pupil, Pham Huy from Quang Tri Province, was also rejected after being chosen as the Vietnam representative to an international science fair in the US. After getting help from the authorities, he was able to attend the fair and won third prize.
Source:VietNamNet News
May 03, 2018 11:03 UTC