Massive profits slated for finance and banking sector in 2018
Massive profits slated for finance and banking sector in 2018Throughout the annual general meetings (AGMs) season, numerous commercial banks unveiled remarkable business targets for the year ahead, promising huge revenues, profits, and charter capital raises. Vietnam's finance and banking sector saw a substantial recovery showcased in past achievements and ambitious targets in for 2018Nguyen Duc Vinh, CEO of VPBank, asserted that the bank's shareholders approved the plan to reach VND10.8 trilllion ($474.12 million) in pre-tax profit by the end of 2018. Over the same time period in 2017, the bank managed to raise its charter capital from VND9.181 trillion ($403.04 million) to VND15.706 trillion ($689.49 million). Additionally, the bank planned to raise its charter capital to VND16.6 trillion ($728.74 million) by the end of 2018 and to VND18 trillion ($790.2 million) by the end of 2019. In 2017, Techcombank gained a pre-tax profit of over VND8 trillion, which was 200 per cent of the previous year's pre-tax profit figure and 400 per cent of the same category in 2015.
Source:VietNamNet News
March 27, 2018 06:00 UTC
VN Government issues new decree on multi-level marketing plans
VN Government issues new decree on multi-level marketing plansThe Government has issued a new decree which it says will help build a "clean and transparent multi-level marketing environment". Therefore, on March 12, 2018, the government issued Decree 40/2018/ND-CP to promote the management of business activities, replacing Decree 42. This ban will protect the interests of consumers and genuine multi-level marketing enterprises, he said. The new decree prohibits businesses from providing false or misleading information about the benefits of participating in multi-level marketing, features and uses of goods, as well as activities of multi-level marketing businesses. On the other hand, the State also bans organisation of seminars, conferences and training courses on the multi-level marketing model without the authorisation of the multi-level marketing enterprises.
Source:VietNamNet News
March 27, 2018 06:00 UTC
Vietnamese banks thrive following foreign partners’ divestment
Vietnamese banks thrive following foreign partners’ divestmentVietNamNet Bridge - Concerns were once raised when a number of foreign partners decided to divest from Vietnamese banks, but banks’ financial reports show satisfactory business performances. In the 2004-2006 period, foreign investors were warmly welcomed by Vietnamese banks which believed that foreign capital and technology would help them thrive. Foreign partners usually ask Vietnamese banks to diversify their portfolios,” he said. In many cases, contributing capital to Vietnamese banks did not bring high benefits to foreign partners. However, Thoi Bao Kinh Te Sai Gon said that Vietnamese banks remain attractive to foreign investors.
Source:VietNamNet News
March 27, 2018 05:03 UTC
VN vs Jordan: fight for top place
VN vs Jordan: fight for top placePark Hang-seo spent a lot of time guiding his players to follow his tactics ahead of the 2019 Asian Cup qualifier match today against Jordan in Amman City. Vietnam will play the hosts during the Group C match of the Asian Cup qualification today. Coach Jamal Abu Abed of Jordan said every international match, be it friendly or official, was important. Before facing Vietnam, who will present their best players today, Jordan defeated Kuwait 1-0 in a friendly match on March 21. The new ranking will place Vietnam in group 2 of seeds at the Asian Cup and help them avoid powerful rivals.
Source:VietNamNet News
March 27, 2018 05:03 UTC
Uber drivers set to work for Grab
Uber drivers set to work for GrabGrab on Monday announced that all of Uber’s motorcycle and taxi drivers in Viet Nam would have the opportunity to work for Grab from April 8th. Uber on the same day also sent emails to its customers, confirming that “Uber will be combining our operations with Grab to lead you in the next chapter of ridesharing in Viet Nam and across Southeast Asia.”To minimise disruption, Grab and Uber are working to migrate Uber drivers and riders, Uber Eats customers, merchant partners and delivery partners to the Grab platform. The Uber app will continue to operate for two weeks to ensure stability for Uber drivers. A representative from Grab Viet Nam told VTC News online newspaper that Uber would still operate independently based on their app. He added that Uber drivers would not be required to change to Grab.
Source:VietNamNet News
March 27, 2018 05:03 UTC
Vietnamese student shines at Kyushu Music Concour 2018
Vietnamese student shines at Kyushu Music Concour 2018Surpassing over 1,000 international candidates, Phan Trung Kien, a student at the Vietnam National Academy of Music, has won the only special prize at the Kyushu Music Concour 2018 in Kumamoto, Japan. Kien was also named among the seven first-prize winners of the contest. The second Vietnamese contestant sent to the competition was Lai Thi Huong Ly, also a student of the Vietnam National Academy of Music. Competing in the same category as Kien, Ly came second. The Kyushu Music Concour is held annually targeting international musical talents under 18 and between 18 and 25.-VNA
Source:VietNamNet News
March 27, 2018 04:41 UTC
National renewable energy summit opens in Nha Trang
National renewable energy summit opens in Nha TrangThe three-day event, a match-making platform for key stakeholders in the renewable energy sector, has brought together some 30 local investors, including TTC Energy, KN Group, Phu Cuong, Ocean Group and Hado Group and international developers and investors like Tata Power, Mainstream and Blue Circle. The 2018 Viet Nam Renewable Energy Summit opened in the central coastal city of Nha Trang yesterday. VRES 2018 has topical sessions to discuss market intelligence and connect key investors with approved renewable projects that are looking for investment. Khanh Hoa Province where Nha Trang is situated is famous for its abundance of solar and wind power resources. Many investors have chosen it and nearby provinces such as Ninh Thuan and Dak Lak to set up renewable projects, the event organisers said.
Source:VietNamNet News
March 27, 2018 04:41 UTC
Late visa policy announcement challenges tourism
Late visa policy announcement challenges tourismThe visa exemption policy for citizens of five European countries will expire in the next three months. The visa exemption policy for citizens of five European countries will expire in the next three months. “If Viet Nam suddenly stops the visa exemption policy, a tourist will have to apply for visas in rush when the departure date approaching fast,” he said. Indonesia, aiming to welcome 20 million foreign tourists by 2019, has opened the visa exemption policy for citizens of 169 countries and territories. “From 2011 to 2017, Japan welcomed 19 million international tourists but the number in Viet Nam was only 12.9 million.
Source:VietNamNet News
March 27, 2018 04:41 UTC
Vietnam Airlines, French partner cooperate in aircraft engine maintenance
Vietnam Airlines, French partner cooperate in aircraft engine maintenanceVietnam Airlines and Air France Industries KLM Engineering and Maintenance (AFM KLM E&M) inked an agreement for the maintenance of Boeing 787-9 engines worth 500 million USD in Paris on March 26. Duong Tri Thanh, General Director of Vietnam Airlines, told Lao Dong (Labour) newspaper that Vietnam Airlines is proud to be the only Vietnamese air carrier to run direct flights between Vietnam and France over the past 15 years. Vietnam Airlines has always regarded France as a strategic market to access Europe and North America, he said. On July 2, 1994, the airline launched an air route between Vietnam and France through Dubai, using Boeing 767 aircraft. Vietnam Airlines is the only Vietnamese air carrier to conduct flights from the Southeast Asian nation to France, with 10 per week.-VNA
Source:VietNamNet News
March 27, 2018 04:41 UTC
Vietnam through eyes of European painters
Vietnam through eyes of European paintersAs many as 55 paintings capturing the land and people of Vietnam and foreign countries by 14 European artists are being displayed at an exhibition at the Da Nang Fine Arts Museum. The painters, hailing from such countries as the UK, France, Russia, the Netherlands and Norway, are living and working in Da Nang city and Quang Nam province in the central region. The exhibition, themed “Connection,” aims to enhance the international friendship, cooperation and exchange in culture and arts, while helping Vietnamese painters share experience with European colleagues. It is also expected to bring foreign friends closer to Da Nang people. The event will run until April 15.-VNA
Source:VietNamNet News
March 27, 2018 04:30 UTC
Government News 27/3
Phong spoke highly of Droba’s working visit, stressing that this is an opportunity for both sides to boost cooperation in trade, investment and tourism. Its cooperation focuses on the fields of security, external affairs, transport, industry, agriculture, trade, investment and environmental protection. Effective collaboration between the two inspectorates has significantly contributed to the two countries’ development, he added. The corridors will help Vietnam reap most benefits from improved transport connectivity and growing trade and investment in areas along them. By attending meetings of the GMS Regional Power Trade Coordination, Vietnam has got updates on the GMS countries’ markets and energy-related plans and greatly benefited from ADB’s technical support.
Source:VietNamNet News
March 27, 2018 04:18 UTC
Social News 27/3
The image quickly caught the attention of social network users, who expressed anger at the brazen robbery. Land-related revenue, including land leases, land fees and land auctions, accounted for 15 percent of the city’s total budget last year. Last year, the city authorities approved over 2,000 projects on land eviction, land allocation, land lease or changes in land-use purpose. The funds are expected to be used for social investment as well as to address the illegal sand mining, he said. The Hall displays many photos and objects such as clothes, backpacks, desks, and chairs used by Vietnamese students in China.
Source:VietNamNet News
March 27, 2018 04:13 UTC
That wins Grand-Prix Crevoisier 2018
That wins Grand-Prix Crevoisier 2018Nguyen Thi That grabbed a yellow jersey in a cycling tournament in Switzerland on Sunday. Nguyen Thi That (centre) receives her bonus after winning the Grand-Prix Crevoisier 2018. — Photo sggp.org.vnWearing the jersey of the International Cycling Union (UCI) and having trained at the UCI’s centre, Thật competed with six other athletes from different countries in the Grand-Prix Crevoisier 2018. That was among the top two athletes in international tournaments for the second time during her three-month training camp in Switzerland. Two weeks ago, the Southeast Asian Games winner finished second in the 16th Grand Prix of Chambéry in France.
Source:VietNamNet News
March 27, 2018 02:48 UTC
BKAV vows to make big investments, launches new BPhones in mid-2018
An image of a kingfisher was the wallpaper, just like the wallpaper of the Bphone 2017 version launched in August 2017. The design of the speakers is very different from Bphone 2017 version. The design of the speakers is very different from Bphone 2017 version. Jackie Pham, a viewer of Schannel, provided information about BPhone 2018 after watching the video: "Bphone 3 Lite (Bphone 3, Bphone 2018). RELATED NEWSLatest Bphone 2017 introducedBPhone 2 to hit shelves at giant distribution chainMai Thanh
Source:VietNamNet News
March 27, 2018 01:07 UTC
Volunteers turning up to help sell farmers' turnips
Volunteers turning up to help sell farmers' turnipsVietNamNet Bridge – Nguyen Ngoc Hoang is a man on a mission. He turns up at university to study two days of the week but the rest of the time he goes somewhere else - at the farm to help sell turnips. Students help sell the turnips at the gate of the Thong Nhat Park, on Le Duan Street. – Photo dantri.com.vnHe is one of a number of volunteers who give up their spare time to help farmers sell their vegetables. “My happiness is multiplied when many students and State workers met me and proposed to be volunteers to sell the turnips,” Van said.
Source:VietNamNet News
March 27, 2018 01:07 UTC