VIETNAM NEWS HEADLINES FEBRUARY 17/2024
Tran Chi Cuong, deputy chairman of the Da Nang People's Committee, said, "Da Nang is one of the leading cultural, tourism and sports centres in Vietnam. The Central Highlands culture is closely linked to villages and features unique festivals in the vast forest space. The ethnic groups who came to settle here brought with them the cultural heritage of their homeland, enriching the cultural treasure of the Central Highlands ethnic groups. One of the cultural values of the Central Highlands that needs to be prioritised is to tap festivals. If the cultural tourism potential is well exploited, the number of tourists coming to the Central Highlands will surge remarkably compared to that of 2023.
Source:Viet Nam News
February 17, 2024 09:43 UTC
PM calls for ‘comprehensive plan’ to revive national flag carrier
HCM CITY — Prime Minister Phạm Minh Chính has urged agencies to develop a ‘comprehensive plan’ to tackle the financial challenges faced by lossmaking national flag carrier Vietnam Airlines. Vietnam Airlines reported losses of VNĐ11 trillion ($458 million) in 2022 and VNĐ5.5 trillion last year, resulting in accumulated losses of over VNĐ40 trillion. While the airline’s business result showed signs of improvement in 2023, its consolidated post-tax profit remained negative at about VNĐ5.5 trillion. Vietnam Airlines has finalised a restructuring plan, currently awaiting review by shareholders and the Government. The PM has called on the National Oil and Gas Group (PetroVietnam) and Vietnam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) to ensure sufficient coal and gas supplies for electricity production as the dry season approaches.
Source:Viet Nam News
February 17, 2024 07:20 UTC
Vietnamese company introduces air conditioning equipment in India
NEW DELHI — Việt Nam's Toàn Phát Cooper Tube Joint Stock Company is showcasing copper pipe products and equipment for air conditioning, insulation and ventilation systems at ACREX India 2024, an international exhibition specialising in air conditioning, refrigeration, and building technology, which opened in New Delhi on February 15. Its products have been exported to the Indian market since 2018. Currently, the company is cooperating with reputable partners in India in the manufacturing of air conditioners, refrigeration and heating equipment. The 23rd edition of ACREX India in New Delhi with the theme “Powering Global HVAC Supply Chain” will showcase the latest technological advancements and display a gamut of Heating, Ventilation, and Air Conditioning (HVAC) supply chain technologies. The exhibition offered a chance for enterprises to exchange business opportunities, update market trends and new technologies in India and South Asia, and connect with global partners.
Source:Viet Nam News
February 16, 2024 16:59 UTC
Congratulations extended to newly-appointed Kazakh PM
Politics PCC's Secretariat reviews Tet situation, assigns tasks to all-level Party committees The Party Central Committee (PCC)’s Secretariat met in Hanoi on February 16 to review the implementation of its Directive No. 26-CT/TW, issued on November 23 last year, on the organisation of the Lunar New Year (Tet) 2024 celebrations and assign some focal tasks to all-level Party committees. Politics ☕ Afternoon briefing on February 16 The following is a brief review of the day’s events as reported by the Vietnam News Agency. Politics Vietnam attends second int’l meeting of theoretical publications of left parties, movements A delegation from the Communist Party of Vietnam (CPV), led by Deputy Director and Deputy Editor-in-Chief of the Su That (Truth) National Political Publishing House Vo Van Be, attended the second International Meeting of Theoretical Publications of Left Parties and Movements, in Havana, Cuba from February 12-14. Politics ☀️ Morning digest February 16 The following is a list of selected news summaries reported last night by the Vietnam News Agency.
Source:Viet Nam News
February 16, 2024 14:14 UTC
VinFast Partners with Five Dealers in Indonesia
JAKARTA, INDONESIA - Media OutReach Newswire - 16 February 2024 -The first VinFast dealers in Indonesia include BAM, GCC, and GSU, with headquarters in Jakarta; MCA, based in Medan; and Majesty, headquartered in Batam. These agreements will help VinFast quickly establish its brand presence and link to local customers.Indonesian dealers are expected to start selling the VF 5, VF e34, VF 6, and VF 7 models later this year following their official launches in the market. Pricing and sales details, including order times and after-sales policies, will be officially announced in the first half of 2024.VinFast aims to expand its electric vehicle distribution network this year to cover all major cities in Indonesia. About VinFastVinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.
Source:Viet Nam News
February 16, 2024 12:18 UTC
VIETNAM NEWS HEADLINES FEBRUARY 16/2024
Two Vietnamese travel firms – Winner Vietnam and Hoang Tra –welcomed and took the guests to Phu Quoc. The visitors arrived in Vietnam on February 10 and are scheduled to fly back to Taiwan on February 14. The Taiwanese firm received money and conducted procedures to bring the visitors to Vietnam. This road will feature six intersections, including two important ones of HCM City - Long Thành - Dầu Giây and Bến Lức - Long Thành. Chairwoman of the Vietnam Women's Union Ha Thi Nga emphasised that the two heroines are the heroic examples and pride of Vietnamese women and people.
Source:Viet Nam News
February 16, 2024 11:37 UTC
Asia - biggest source of overseas remittances to HCM City in 2023
HCM CITY — Money sent from Asian countries made up 50.5 per cent of the total overseas remittances to HCM City last year, Việt Nam’s largest economic hub, a massive 143.8 per cent spike year-on-year, according to the State Bank of Vietnam (SBV)’s branch in the city. Inward remittances to HCM City rose 43.3 per cent year-on-year to US$9.46 billion in 2023, a record high over the past decade and accounting for more than half of the national total. With approximately six million Vietnamese nationals living abroad, remittances sent to Việt Nam from 1993 to 2022 have amounted to $190 billion, according to the Ministry of Foreign Affairs. In 2023, the World Bank estimated that Việt Nam received approximately $14 billion in remittances, while this figure reached a record number of $19 billion in 2022. Việt Nam has been among the global top 10 recipients of remittances for many years, with overseas Vietnamese residing in more than 130 countries and territories, and around 600,000 of them with undergraduate or higher degrees.
Source:Viet Nam News
February 16, 2024 10:13 UTC
Cement industry expected to bounce back in 2024
HÀ NỘI — The domestic cement industry expects to bounce back in 2024 thanks to the Government's tireless efforts to speed up public investment and implementation of key transport infrastructure projects, along with approving many industrial and urban infrastructure ones. However, the Vietnam Cement Association said some importers of Vietnamese cement and clinker continue to implement policies and technical trade barriers to protect their local cement sectors. In particular, the Philippines, the largest importing country, would continue to impose temporary anti-dumping taxes on Vietnamese cement products. Last year, the Philippines remained the largest importer of Vietnamese cement and clinker, accounting for 27 per cent of the country's export turnover. To help the cement industry overcome current difficulties, the Department of Building Materials under the Ministry of Construction, suggested ministries, agencies and localities continue to speed up public investment projects and infrastructure construction according to approved plans.
Source:Viet Nam News
February 16, 2024 02:44 UTC
VinFast introduces first right-hand drive electric vehicles
VinFast's VF6 model on display at IIMS 2024 (Photo: VNA)Jakarta (VNA) – Vietnamese automotive manufacturer, VinFast, has officially launched its first right-hand drive electric vehicles for the Indonesian market at the Indonesia International Motor Show (IIMS) 2024. During the IIMS 2024 held in Jakarta from February 15-25, VinFast is showcasing a variety of models, including VF 5, VF e34, VF 6, VF 7, VF 8, and VF 9. VinFast is planning to collaborate with local suppliers to establish a network of 5,000 charging stations in Indonesia, aiming to significantly boost the adoption of electric vehicles. In a bid to penetrate the Indonesian market, VinFast also plans to build a factory in Indonesia with a projected capacity of around 50,000 cars per year. With the goal of achieving a domestic localisation rate of up to 40%, the VinFast factory is expected to create thousands of jobs and promote the local electric vehicle industry.
Source:Viet Nam News
February 16, 2024 01:08 UTC
Thailand launches medical coverage scheme for tourists
In Thailand (Photo: Internet)Bangkok (VNA) - The Thai Government on February 14 approved a scheme to offer visitors up to 500,000 THB (14,000 USD) in medical coverage in case of accidents and pay compensation of up to 1 million THB in case of death. The maximum coverage is 300,000 THB per person for permanent organ loss, loss of sight or permanent disability. Medical expenses will be covered according to the actual amount paid, but not exceeding 500,000 THB. Tourists will not be eligible for the coverage if the incidents stem from their carelessness, intention to take part in any illegal activity, or risky behaviour. To apply for the coverage, foreigners holding a tourist visa can submit documents at the provincial tourism and sports offices, or at tourist assistance centres located in Bangkok’s Suvarnabhumi and Don Mueang airports.
Source:Viet Nam News
February 15, 2024 14:25 UTC
VN-Index breaks over 1,200 points for the 1st time in 5 months
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index increased for the fourth straight day, up nearly 4 points, or 0.33 per cent, to 1,202.5 points. The VN30-Index, which tracks the 30 biggest stocks on HoSE, also finished higher at 1,217.12 points, a 4.42 points increase, or 0.36 per cent. Data compiled by a financial website vietstock.vn showed that bank stocks dominated the market's rallies today. It was followed by MBBank (MBB), Vietnam Maritime Commercial Joint Stock Bank (MSB), Orient Commercial Joint Stock Bank (OCB), VPBank (VPB) and Vietnam International Commercial Joint Stock Bank (VIB). Of which, Asia Commercial Joint Stock Bank (ACB) posted the biggest loss of 2.86 per cent.
Source:Viet Nam News
February 15, 2024 13:52 UTC
Trend Micro Discovers Actively Exploited Vulnerability Affecting Millions of Users: Customers Already Protected
Trend estimates that customers who applied all virtual patches in 2023 saved an average of $1M for their enterprise. "When a new zero-day vulnerability is discovered, Trend responsibly discloses to the vendor. Trend customers then benefit from virtual patching to protect their systems from exploitation until an official patch can be applied. About Trend MicroTrend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world.
Source:Viet Nam News
February 15, 2024 09:43 UTC
VIETNAM NEWS HEADLINES FEBRUARY 15/2024
He led the nation to success in the struggle for national independence and in establishing the Democratic Republic of Vietnam (now the Socialist Republic of Vietnam) following the August Revolution in 1945. “Vietnam has opportunities in international integration, digital transformation, green growth, circular economy and sustainable development goals. Vietnam committed to combat illegal trade of small arms, light weaponsThe Government of Vietnam comprehensively manages the production, use, and transportation of weapons according to Vietnam law, Deputy Permanent Representative of Vietnam to the United Nations (UN) Minister Counsellor Le Thi Minh Thoa has said. She held that there remain numerous challenges to the realisation of the social development and social justice target due to limited resources. The number of tourists coming to Ha Long by sea is forecast to recover, with nearly 60 cruise ships registered to dock at Ha Long International Cruise Port.
Source:Viet Nam News
February 15, 2024 07:37 UTC
New policy may have adverse impacts on bancassurance
HÀ NỘI — A new regulation on banning commercial banks from selling insurance together with banking services will negatively affect banks’ bancassurance revenue in the future, some analysts have claimed. According to analysts from the MB Securities Company, with the passing of the law, bancassurance activities will be more strictly managed, which will cause the growth rate of income from bancassurance of banks to decline compared to the 2019-21 period. Sharing the same view, Yuanta Vietnam Securities Company’s analysts also believe the new regulation will greatly affect banks whose fee income mainly comes from bancassurance. In fact, revenue from selling insurance through banks (bancassurance) decreased sharply in the first nine months of 2023. At the same time, bancassurance business last year was also less positive as people's income decreased due to economic difficulties.
Source:Viet Nam News
February 15, 2024 06:32 UTC
Securities companies bullish on Vietnamese stock market
HÀ NỘI Securities companies still feel optimistic about 2024 and believe that the VN-Index will return close to its historical peak. VNDirect Securities also expresses an optimistic outlook for the market in 2024, with expectations that the VN-Index could reach the 1,400-1,450-point range. However, the growth of the stock market in 2024 will be different from 2023. Also in 2023, the management of public companies, securities companies, fund management companies, and securities investment funds continued to be strengthened. The Chairwoman of the State Securities Commission stated that the stock market in 2024 would be supported by positive factors.
Source:Viet Nam News
February 14, 2024 22:52 UTC