Thousands of households threatened by polluted river
Thousands of households threatened by polluted riverPolluted Chau Giang RiverMany households and farmers in Ha Nam Province are calling for help as their health and fish have been badly affected by the polluted Chau Giang River. The households living by the river have to close their doors all day or move elsewhere because of the foul smell coming from the rubbish and rotting fish. The locals also worry that the underground water used for daily activities may be polluted. Hoang Dang Truong from An Mong Village said Chau Giang River had been polluted for years and caused severe damage to the fish farms. Many people also continue to dump rubbish in the river, worsening the pollution.
Source:VietNamNet News
May 01, 2018 10:07 UTC
Vietnam Airlines shares to be auctioned in May
Vietnam Airlines shares to be auctioned in MayThe Ministry of Transport will auction 371.5 million Vietnam Airlines shares on May 22 to increase the national flag carrier’s chartered capital. Vietnam Airlines became a joint-stock company in 2015 with chartered capital of VND11.19trn (USD493m). In January 2017, Vietnam Airlines traded more than 1.2 billion shares, listed as HVN, on UpCOM. Vietnam Airlines has several subsidiaries companies including the Vietnam Air Petrol Company Limited and holds more than 50% shares of 10 other companies. Vietnam Airlines will list its shares on the HCM Stock Exchange (HoSE) in the second quarter.
Source:VietNamNet News
May 01, 2018 09:56 UTC
Quang Ngai mass fish deaths under investigation
Quang Ngai mass fish deaths under investigationAuthorities of the central province of Quang Ngai’s Tu Nghia District have set up a taskforce to investigate the mass fish deaths in a local river. The mass fish deaths on Bau Giang RiverThe information was given by Huynh Ngoc Quan, vice chairman of the district People’s Committee. The dead fish have been detected along 10 kilometres of the Bau Giang River. According to Quan, the fish deaths may be due to the wastewater from agriculture farm processing factories along the river. The factories have been temporarily banned from discharging their waste into the river to await the investigation result.
Source:VietNamNet News
May 01, 2018 09:56 UTC
Hue Festival 2018 features diverse art, culture
Hue Festival 2018 features diverse art, cultureNearly 1,300 domestic and foreign artists are brought together at the Hue Festival 2018, which is taking place in the central province of Thua Thien-Hue from April 27 to May 2 to stage unique art performances representing the typical cultures of different regions in Vietnam and abroad. Considered a highlight of the Hue Festival 2018, “Van hien kinh ky” was a comprehensive art show which combines a variety of elements: dance, chorus, animation, poem reciting and music. The 90-minute show featured all cultural values of Hue through heritage elements. The Hue Festival, previously known as the France-Vietnam art festival, was first held in 2000 by the French Embassy in Vietnam and the ancient city of Hue. This year’s event carries the theme “Cultural heritage with integration and development - Hue one destination, five world heritages”.-VNA
Source:VietNamNet News
May 01, 2018 09:33 UTC
Khanh Hoa feels pressure from rising number of Chinese travelers
Khanh Hoa feels pressure from rising number of Chinese travelersVietNamNet Bridge - The number of Chinese travelers to Vietnam in the first three months of 2018 increased by 40 percent in comparison with the same period last year. Chinese travelers on Hon Mun IslandThe good news about the sharp increase has been overshadowed by the decrease in foreign travelers from traditional markets. Some analysts have urged restriction of the number of Chinese travelers to ease the burden on infrastructure. He said that despite some problems, with 135 Chinese outbound tourists a year who spend $261 billion a year, Chinese travelers are welcomed all over the world. Vietnam has been advised to learn from Thailand how to deal with Chinese travelers.
Source:VietNamNet News
May 01, 2018 06:33 UTC
BusinessFDI focuses on real estate
BusinessFDI focuses on real estateForeign direct investment (FDI) in real estate increased in the first four months of this year, putting the sector behind just processing and manufacturing industry. Around USD455 million was poured into the real estate sector between January and AprilAround USD455 million was poured into the real estate sector between January and April, accounting for 12.8% of the country’s total FDI capital during the period. USD3.05 billion in FDI was committed during the same period last year to real estate by foreign investors, accounting for 8.5% of Vietnam’s total registered FDI capital, the Ministry of Planning and Investment reported. Commercial Real Estate Services said that previously, investment in the real estate focused on the southern market. Experts said hotels and luxury property were among the most attractive property to foreign investors.
Source:VietNamNet News
May 01, 2018 06:00 UTC
Vietnam’s largest casino to open gates next year
Vietnam’s largest casino to open gates next yearMacau’s biggest junket operator Suncity Group Holdings Ltd. is undaunted in its ambition to start operating Vietnam’s largest casino in the central province of Quang Nam. The USD4-billion casino named Hoiana will include many stores, restaurants, golf courses, and water parks. Accordingly, Hoiana will be the first casino in Vietnam with involvement of Suncity Group. In 2017, Royal International Corporation (RIC) announced losses of VND127 billion (USD5.6 million), mainly due to losses from its casino business in Halong Bay of the northern province of Quang Ninh. However, the total revenue of the casino business only reached USD23 million, with profit being less than one tenth of the revenue.
Source:VietNamNet News
May 01, 2018 05:03 UTC
Vietnam targets US, EU investors in new-generation FDI strategy
Vietnam targets US, EU investors in new-generation FDI strategyVietNamNet Bridge - Vietnam, which is drafting a strategy on foreign direct investments (FDI) to 2030, has been advised to lure more investors from the US and the EU to diversify FDI capital sources. Vietnam has been attracting more FDI from Asian economiesVietnam has been attracting more FDI from Asian economies, including Japan, South Korea and Singapore. Only $9.9 billion worth of investment capital had been pledged by investors from the US, and the FDI from the EU remains modest. The Netherlands has committed $8.3 billion worth of investments, France $2.8 billion, and Luxembourg $2.3 billion. Meanwhile, both the US and EU many times have stated that they will become the leading foreign investors in Vietnam.
Source:VietNamNet News
May 01, 2018 01:18 UTC
Vietnamese fashion products displayed at Hong Kong Fair
Vietnamese fashion products displayed at Hong Kong FairMore than 30 leading Vietnamese manufacturers of garments, textiles and fashion accessories as well as garment-related industries have displayed their products at Hong Kong’s largest one-stop sourcing fashion show. The Vietnam pavilion at the Global Sources Fashion show which opened in Hong Kong recently (Photo courtesy of the organiser)Products on display at the Global Sources Fashion show included apparel, fashion jewelry, underwear, swimwear, bags, luggage, scarves, footwear and fabrics all under one roof. The four-day show, which ended on April 30, featured verified suppliers from major fashion manufacturing hubs, including Vietnam, mainland China, Hong Kong, Taiwan, the Republic of Korea, Bangladesh, India, Indonesia and the Philippines. The show hosted the largest collections of bags and luggage, footwear and sports fashion in Hong Kong as well as Asia’s largest scarf pavilion. Dedicated national and regional pavilions showcased quality fashion products from countries and regions, including Vietnam, India, Jiangsu, Hunan Shaodong and Xiamen.
Source:VietNamNet News
April 30, 2018 11:26 UTC
Cua Lo tourism festival kicks off in Nghe An province
Cua Lo tourism festival kicks off in Nghe An provinceDeputy Prime Minister Vuong Dinh Hue beat a drum to kick off the Cua Lo tourism festival on April 29, putting the first note for the tourism season in one of the most beautiful beaches in the central province of Nghe An and the north central region. Cua Lo beach has a lot of legends and it is endowed with beautiful surrounding landscapes, Duong said. Through historical ups and downs, Cua Lo town - dubbed the green pearl of Nghe An - has become a popular marine destination in the province and the country as well, he added. Cua Lo is evaluated as one of the most beautiful beaches in Vietnam by the World Tourism Organisation, he said. In 2018, Cua Lo town strives to greet over 2.7 million visitors, a year-on-year rise of 10 percent, including 6,000 foreigners.
Source:VietNamNet News
April 30, 2018 11:26 UTC
Job arrangement urged for Vietnamese workers in Taiwan factory fire
Job arrangement urged for Vietnamese workers in Taiwan factory fireThe Department of Overseas Labour Management under the Ministry of Labour, Invalids and Social Affairs has directed the arrangement of jobs for over 160 Vietnamese workers who lost their jobs due to a blaze that broke out in a factory’s dormitory in Taoyuan city, Taiwan (China) on April 28. It asked the labour management department in Taipei to continuously follow the situation and report the latest developments relating to Vietnamese workers. More than 1,000 Vietnamese are working for the company, including over 160 working at the factory in Pingzhen district where the fire broke out. The office also asked the labour brokers, who introduced the Vietnamese workers to work in Taiwan, to work with the factory to offer them temporary accommodation. The office was also tasked to cooperate with relevant agencies and companies to help the Vietnamese workers return to normal life soon.-VNA
Source:VietNamNet News
April 30, 2018 09:56 UTC
Phu Yen: Hon Yen landscape cluster recognised as national relic site
Phu Yen: Hon Yen landscape cluster recognised as national relic siteThe landscape cluster of Hon Yen in the central coastal province of Phu Yen has been recognised as a national relic site given its geological, cultural and historical values as well as floral diversity. Hon Yen (Yen Islet) is located in Nhon Hoi hamlet, An Hoa commune, Tuy An district, 15km from Tuy Hoa cityThe provincial People’s Committee held a ceremony on April 29 to receive the title. A highlight of this cluster is Hon Yen (Yen Islet), which is located in Nhon Hoi hamlet, An Hoa commune, Tuy An district, 15km from Tuy Hoa city. Hon Yen landscape cluster links with other relic sites along coastal roads such as Da Dia Reef, Mai Nha and Hon Chua islets, Mon – Mui Dien beach, and Vung Ro bay, creating an attractive tour in Phu Yen province. The provincial Department of Culture, Sports and Tourism is studying to offer a snorkelling tour for visitors to see coral reefs in Hon Yen landscape cluster.
Source:VietNamNet News
April 30, 2018 09:11 UTC
Prime Minister’s visit to Singapore a comprehensive success
Prime Minister’s visit to Singapore a comprehensive successThe recent official visit to Singapore by Prime Minister Nguyen Xuan Phuc and his spouse along with a high-ranking delegation from Vietnam was successful in various spheres, according to Deputy Foreign Minister Nguyen Quoc Dung. Vietnam's Prime Minister Nguyen Xuan Phuc (L) and Singapore's Prime Minister Lee Hsien LoongIn an interview granted to the press on the outcome of the visit, Dung said that first of all, via the visit, the mutual trust in the bilateral relations after 45 years of diplomatic ties and five years of strategic partnership has been reinforced and strengthened. The trust, closeness and shared vision of development goals and strategic security issues of the two countries create an important foundation for their vigorous cooperation development in all fields, making active contributions to the growth of each nation. The two PMs also reached high consensus on promoting affiliation in education and training (especially English and vocational training), finance, oil and gas services, and science-technology. During his meeting with Vietnamese students at the Singapore Management University, he highlighted the Government’s commitment to creating a favourable start-up environment.
Source:VietNamNet News
April 30, 2018 08:48 UTC
South Liberation, National Reunification Day in photos
South Liberation, National Reunification Day in photosAfter the victories of the Hue-Da Nang Campaign and the Tay Nguyen Campaign, the Politburo decided to launch the Ho Chi Minh Campaign on April 9, 1975 to liberate Saigon. Vietnam’s national reunification marked abroadThe Embassy of Vietnam to Chile celebrated the 43th anniversary of the liberation of southern Vietnam and national reunification (April 30, 1975) in a ceremony on April 28 which gathered the Vietnamese community in Chile and many foreign guests. Son recalled milestones in the history of the Vietnam – Chile relations, highly speaking of progress made by the two countries in their comprehensive partnership, such as the regular exchange of visits at all levels. For his part, Kolesnik congratulated Vietnamese people and veterans on their victory 30 years ago and wished the Vietnamese War Veterans’ Association would grow stronger in the future. Meanwhile, in Phnom Penh, Cambodia, a meeting to mark 43rd anniversary of the Liberation of the South and National Reunification Day (April 30) was held by the Vietnamese-Cambodian Association in Phnom Penh on April 28.
Source:VietNamNet News
April 30, 2018 08:40 UTC
Stock market continues to be busy with more IPOs
Stock market continues to be busy with more IPOsVietNamNet Bridge - January 2018 witnessed many IPOs of large corporations, including Binh Son Petrochemistry & Refinery JSC (BSR, UpCom), PVOil (OIL, UpCom), PVPower (POW, UpCom) and the Vietnam Rubber Group (GVR, UpCom). The total amount of money collected from the four IPOs was VND17.9 trillion, or $785 million. If counting some smaller IPOs, including Vinafood II ($51 million), Hapro ($39 million) and GENCO 3 ($8 million), the total amount is roughly $1 billion. While BSR, PVOil and PVPower successfully concluded their IPOs, others had unsatisfactory IPOs. Rong Viet Securities, in its report, said that the stock market, as the economy’s barometer, will be the first channel to reflect positive movements.
Source:VietNamNet News
April 30, 2018 08:26 UTC