Vinamilk’s profit down by 9% in first quarter
Vinamilk’s profit down by 9% in first quarterDairy giant Vinamilk reported a fall of 9 per cent in its consolidated net profit in the first quarter of this year, reaching over VND2.68 trillion (US$118 million). The parent company also saw its revenue and profit go down compared to the same period last year, totalling VND10.7 trillion and VND2.6 trillion, respectively, in the last three months. The parent company also saw its revenue and profit go down compared to the same period last year, totalling VND10.7 trillion and VND2.6 trillion, respectively, in the last three months. By the end of March, Vinamilk achieved 22 per cent of its revenue target of VND55.5 trillion and 25 per cent of its net profit goal of VND10.75 trillion set for this year. Vinamilk’s market cap was VND267.8 trillion ($11.75 billion) on March 2, while Vingroup’s market value reached VND329.7 trillion.
Source:VietNamNet News
May 03, 2018 07:52 UTC
AVG shareholders return $375 million to MobiFone
AVG shareholders return $375 million to MobiFoneThe total funds returned by AVG shareholders included the value of 95 per cent of the shares that MobiFone had acquired and an additional VND60 billion ($2.63 million) in terms of interest and other fees in the notorious deal. In the document submitted to MIC, MobiFone noted that its account at VietinBank has more than VND4.533 trillion ($200 million) and that its account at BIDV has received more than VND3.971 trillion ($175 million). AVG shareholders have returned a total of nearly VND8.505 trillion ($375 million) to MobiFone in five payments between March 15 and April 26. This includes the amount that MobiFone paid for AVG shareholders to purchase 95 per cent of the shares (over VND8.445 trillion, equivalent to $372 million) and more than VND59.7 billion ($2.63 million) as part of relevant costs and interest. Thus, MobiFone asked MIC’s assistance with the next steps and the Government Inspectorate to indentify the specific amount that AVG shareholders need to transfer.
Source:VietNamNet News
May 03, 2018 07:41 UTC
HCM City launches fingerprint scanning programme of students on school buses
HCM City launches fingerprint scanning programme of students on school busesVietNamNet Bridge – The HCM City Public Transport Management Centre has launched a pilot programme to use fingerprint scans on school buses to enable schools to better manage school ridership. An employee with the HCM City Public Transport Management Centre collects fingerprints of students at Nguyen Binh Khiem primary school in District 1. Lam Hong Lam Thuy, the school principal, said, because of privacy concerns, she must receive parents’ approval before the centre collects students’ fingerprints. Trung hopes that with this programme the number of students going to school by bus will increase. Trung said after assessing the impact of the programme, the centre would expand it to all schools in the city.
Source:VietNamNet News
May 03, 2018 07:18 UTC
Woman invents first-aid solution for patients who live far from hospitals
Woman invents first-aid solution for patients who live far from hospitalsVietNamNet Bridge - The smart bio-glue invented by scientist Nguyen Thi Hiep can be used to stop bleeding and reduce the time needed for tissue regeneration, providing a self-healing solution for those living far from hospital. Scientists believe that the glue membrane would be particularly useful for patients in rural and remote areas. In case of accidents, those who live far from hospitals can use the glue for first aid before they go to a medical facility. In case of accidents, those who live far from hospitals can use the glue for first aid before they go to a medical facility. In order to pursue research, Hiep has poured all her money from her monthly salary, and from internationally published articles and international donors.
Source:VietNamNet News
May 03, 2018 07:14 UTC
Artist showcases paintings inspired by poetry
Artist showcases paintings inspired by poetryVietNamNet Bridge – Writer Tran Nhuong is showcasing his latest paintings at an exhibition entitled Thi Hung (Inspired by Poetry). Nhuong’s world: An artwork by Tran Nhuong. It’s necessary in creativity.”“We don’t just discover the world of Nhuong, but through his paintings, we also discover our own worlds,” said Thieu. With the eyes and senses of a professional artist, Minh highly appreciated Nhuong’s paintings. “He just wants to express the feelings and stories that literature can’t help him speak out.”Public display: A visitor enjoys paintings by Tran Nhuong.
Source:VietNamNet News
May 03, 2018 07:07 UTC
Human trafficking hurts Central Highlands kids
Human trafficking hurts Central Highlands kidsVietNamNet Bridge – Two children were returned to their families in the Central Highland province of Dak Lak in April after a week of suffering from forced labour in HCM City. A teenager in the Central Highlands province of Dak Nong tells reporters about her experiences being forced to work and locked up in a textile manufacturing unit in HCM City. The man promised Sinh’s and Do’s parents that they would be doing “textile manufacturing jobs” and get paid VND13 million (US$570) per year. Although child trafficking has been a pressing issue in the Central Highlands since 2014, local authorities were met with several obstacles when tackling the situation. The Central Highland provinces are ripe with immigrants from the northern region who spread sparingly across the area, said an official from Dak Lak Province’s Krong Bong District.
Source:VietNamNet News
May 03, 2018 06:33 UTC
Foreigners allowed to own 49% of commodity exchange
Foreigners allowed to own 49% of commodity exchangeForeign investors will be allowed to contribute capital to establish commodity exchange in Viet Nam as per Decree No. Foreign investors may contribute up to 49 per cent capital to establish the commodity exchange in Viet Nam. — Photo www.anangtawiah.comHowever, their ownership in the exchange should not exceed 49 per cent of its charter capital. Foreign investors are also permitted to trade goods on the commodity exchange as clients and can become members of the exchange (brokers or traders) without ownership restraint. 158/2006/ND-CP, dated December 28, 2006, on the conditions for the establishment of commodity exchange.
Source:VietNamNet News
May 03, 2018 05:26 UTC
More companies lift foreign ownership limit to 100%
More companies lift foreign ownership limit to 100%Three companies have opened up the foreign ownership limit to 100 per cent, the State Securities Commission announced. Foreign possession in Petrovietnam Fertilizer & Chemicals Corp was 24.5 per cent by 2017-end. — Photo tienphong.vnThey include Viet Nam-Italy Steel JSC (VIS), Petrovietnam Fertilizer & Chemicals Corp (DPM) and confectionery Kido Group (KDC). Foreign ownership in Viet Nam-Italy Steel JSC is almost 25 per cent by February 21, 2018, of which Kyoei Steel Co is the largest foreign shareholder with a 20-per-cent stake. Foreign possession in Petrovietnam Fertilizer & Chemicals Corp was 24.5 per cent and in Kido Group 19.62 per cent by the end of last year.
Source:VietNamNet News
May 03, 2018 04:52 UTC
Over 392 mln shares to be auctioned on HNX in May
Over 392 mln shares to be auctioned on HNX in MayThe Hanoi Stock Exchanges (HNX) said over 292.2 million stocks will be offered for sale on the bourse in May. The Hanoi Stock Exchanges (Source: Vietnam Finance)Sai Gon Postel Corp, Orient Commercial Joint Stock Bank (OCB), and Vietnam Aviation Corporation registered to put their shares on HNX in the month. The total volume of shares offered in the four April auctions reached over 19.9 million, down 77 percent compared to the volume offered in the previous month. However, the volume of shares ordered was 5.2 times higher than that offered. HNX said, 98.9 percent of the offered volume in the four auctions, or over 19.7 million shares were sold for 914 billion VND (over 40 million USD, gaining 144 billion VND (6.31 million USD) compared to the offered value.-VNA
Source:VietNamNet News
May 03, 2018 04:18 UTC
VN retail goods, services gross $63bil. in four months
VN retail goods, services gross $63bil. in four monthsRetail goods and services generated revenues of nearly 1.4 quadrillion VND (63 billion USD) in the first four months of 2018, a year-on-year rise of 9.85 percent. In April alone, the total sales of retail goods and services reached over 350.5 trillion VND (15.3 billion USD), up 1.7 percent against the previous month and 9.54 percent over the same period last year. The total revenue from retail sales and services reached 3.93 quadrillion VND (174.85 billion USD) in 2017, surging 10.9 percent year-on-year, according to the General Statistics Office (GSO). In 2016, Vietnam was listed in the top 30 most lucrative emerging retail markets in the world for foreign investors in A.T. Kearney's Global Retail Development Index.
Source:VietNamNet News
May 03, 2018 03:56 UTC
New Zealand’s import of rambutan expected to boost VN’s fruit export
Rambutan is the third Vietnamese fruit after mango and dragon fruit to be exported to New Zealand. Việt Nam is also the first country to be licensed to export fresh rambutan to New Zealand. Việt Nam has been officially allowed to export rambutan to New Zealand after seven years of negotiations. So far, the necessary procedures have been completed, and New Zealand has officially recognised rambutan as an export fruit. To open the export market for rambutan to New Zealand, businesses and producers needed to meet the stringent quarantine requirements of New Zealand.
Source:Viet Nam News
May 03, 2018 02:03 UTC
David Goodall: Scientist, 104, begins trip to end his life
David Goodall: Scientist, 104, begins trip to end his lifeOn Wednesday, 104-year-old scientist David Goodall bid farewell to his home in Australia to fly across the world to end his life. "I greatly regret having reached that age," Dr Goodall said on his birthday last month, in an interview with the Australian Broadcasting Corporation. Dr Goodall says he will travel to a clinic in Switzerland to voluntarily end his life. Dr Goodall will be joined in Switzerland by close relatives -- Photo: EXIT INTERNATIONAL"Doctors are not trained to kill people. "They [my family] realise how unsatisfactory my life here is, unsatisfactory in almost every respect," Dr Goodall told the ABC.
Source:VietNamNet News
May 02, 2018 15:22 UTC
Hue Festival 2018 wraps up
Hue Festival 2018 wraps upThe Hue Festival 2018 came to an end on May 2, following a vibrant closing night featuring Hue’s royal court music performances and firework shows. The Hue Festival 2018 offered stages for 786 performers representing 20 countries and territories including Vietnam. The five heritage statuses were awarded to the Complex of Hue Monuments, Hue royal court music, woodblocks, the imperial archives of the Nguyen Dynasty and royal literature on Hue royal architecture. An performance at the closing night of Hue Festival 2018. The performance that starts the closing ceremony The Ao dai (traditional long dress) festival held within the framework of the Hue Festival 2018 Ao dai performance An art programme in the festival Traditional musical performance in the festival Ao dai performanceTraditional art performanceTraditional music performanceAn art performance staged by Russian artists The audiencePhilippine artists perform at the festivalThe opening ceremony of coloured lanterns floating festivalMonks drop floating lanterns on Huong RiverYoung people are lighting floating lanterns Human chess - a traditional game featured in the festival Food displayed in the Hue International Cuisine Festival held within the framework of the Hue Festival 2018 Foreigners visit a food stall in the Hue International Cuisine FestivalVNA
Source:VietNamNet News
May 02, 2018 15:11 UTC
Mercedes-Benz Vietnam recalls biggest ever number of cars
Mercedes-Benz Vietnam recalls biggest ever number of carsMercedes-Benz Vietnam is going to recall 6,960 vehicles of different models from May 14, 2018 to December 31, 2022 to fix electrical system flaws, the biggest recall of this luxury car brand so far in Vietnam. A GLC 300 4MATIC vehicle of Mercedes-BenzMercedes-Benz Vietnam issued seven consecutive announcements on the recall in April. These cars will be summoned from May 14, 2018 to September 9, 2020. Meanwhile, A-Class, C-Class, GLC, V-Class, VITO, GLA, and B-Class vehicles produced from November 2011 to July 2017 will be repaired from May 14, 2018 to December 31, 2022. The cars will be examined and repaired free of charge at Mercedes-Benz Vietnam dealers and authorised service centres nationwide.-VNA
Source:VietNamNet News
May 02, 2018 11:03 UTC
Tam wins overall yellow jersey of HCM cycling event
Tam wins overall yellow jersey of HCM cycling eventVietNamNet Bridge – Nguyen Thanh Tam won the overall yellow jersey of the HCM City Television Cycling Tournament which wrapped up in HCM City on April 30. Le Nguyet Minh of Minh Giang-HCM City won the green jersey as the best sprinter. VUS-HCM City won the team’s rankings although they had only four members. Nguyen Thanh Tam walked away with VND300 million, the biggest ever in the national cycling history. Overall yellow jersey holder Nguyen Thanh Tam (centre).
Source:VietNamNet News
May 02, 2018 10:30 UTC