Vietnam Ocean Bank chair in police custody for lending violation probe

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The chairman of a Hanoi-based bank was detained Friday as part of an ongoing probe into allegations that he had violated lending regulations. Ha Van Tham, Chairman of Ocean Bank, was arrested Friday pending investigations into lending violations. Photo credit: Ocean Bank Police from the Ministry of Public Security have detained Ha Van Tham, Chairman of Ocean Bank, for four months while they looked into the charges against him, a ministry official told Thanh Nien Friday afternoon. Earlier … [Read more...]

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Vietnam, Japan hold fifth Strategic Partnership Dialogue

Deputy Prime Minister and Foreign Minister Pham Binh Minh receives Japanese Deputy Foreign Minister Shinsuke Sugiyama (Source: VNA) The fifth Vietnam-Japan Strategic Partnership Dialogue took place in Hanoi on October 24, under the chair of Vietnamese Deputy Foreign Minister Ho Xuan Son and his Japanese counterpart Shinsuke Sugiyama. … [Read more...]

PM congratulates UN agencies on UN founding anniversary

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PM Nguyen Tan Dung and representatives of UN agencies in VIetnam (Photo: VNA) Prime Minister Nguyen Tan Dung hosted a reception for the head of UN agencies in Vietnam in Hanoi on October 24 on the occasion of the UN's 69th founding anniversary. The PM extended his congratulations to the UN officials and took the occasion to express thanks to the UN agencies for the valuable assistance they gave Vietnam throughout 37 years since the country joined the global organisation in 1977. Vietnam … [Read more...]

Vietnam city considers partial conservation of heritage building

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A banister contour at the Saigon Tax Trade Center carved in the shape of the Coq Gaulois (the Gallic Rooster). Photo: Doc Lap The Ho Chi Minh City administration is considering proposals to conserve parts of the French colonial era Saigon Tax Trade Center situated in the downtown area, a top official has said. The People's Committee has taken on board the suggestions regarding the historic shopping center and would forward them to the city Party unit, deputy chairman Hua Ngoc Thuan told a … [Read more...]

The man who writes letters in search of war martyrs’ relatives

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Over the past ten years, a school guard in central Vietnam's Quang Nam Province has written thousands of letters in search of relatives of war martyrs buried at a local cemetery, which he voluntarily tends. Nguyen Phuoc Ha, 45, who works as a security guard at an elementary school in the province's Thang Binh District, has sent over 300 hand-written letters a year to agencies and war martyrs' relatives across the country over the last decade. Thanks to his letters, nearly 100 families have … [Read more...]

Slovakia hopes to foster cooperation with Vietnam

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Deputy PM and Minister of Foreign and European Affairs of the Slovak Republic Miroslav Lajcak (Photo: AFP/VNA) Deputy Prime Minister and Minister of Foreign and European Affairs of the Slovak Republic Miroslav Lajcak has said his country attaches importance to Vietnam's strategic position in the region and hopes for close coordination between the two countries. The Slovakian Deputy PM made the remark during his meeting with Vietnamese Ambassador to Slovakia Ho Dac Minh Nguyet on October … [Read more...]

RoK businesses updated on labour policies

Businesses from the Republic of Korea were updated on Vietnam's new labour policy at a workshop held by the Ministry of Labour, Invalids and Social Affairs (MoLISA) in conjunction with the RoK's Chamber of Commerce and Industry in Hanoi on October 24. MoLISA Deputy Minister Pham Minh Huan stated that the workshop also aims to help businesses in general and RoK investors in particular understand more about Vietnam's labour market. The deputy minister noted that the RoK is the biggest foreign … [Read more...]

Deal reached on Asian infrastructure investment bank

Representatives from 21 countries at the signing event (Photo: VNA) Twenty-one Asian countries signed a Memorandum of Understanding (MoU) on establishing the Asian Infrastructure Investment Bank (AIIB) which has authorised capital of up to 100 billion USD and a proposed initial subscribed capital of around 50 billion USD. … [Read more...]

Vietnam appreciates UN’s support in HIV/AIDS prevention

Vice President Nguyen Thi Doan has expressed her gratitude to the Joint United Nations Programme on HIV/AIDS (UNAIDS) for its support of Vietnam's fight against the pandemic. Welcoming Michel Sidibé, UN Under-Secretary-General and UNAIDS Executive Director, in Hanoi on October 24, the Vice President emphasised that Vietnam has demonstrated its strong political commitment to speeding up HIV/AIDS prevention and carrying out a national strategy on the fight with the participation of the entire … [Read more...]

October sees record low CPI growth

The consumer price index (CPI) in October rose slightly by 0.11 percent compared to September, marking the lowest rise for the month since 2009, according to the General Statistics Office of Vietnam (GSO). Experts said a series of consecutive petrol price cuts caused by four-month reduction of global gas and petrol costs have resulted in the negligible CPI's growth. This month, eight out of 11 commodity and service groups in the price basket saw their prices increase with education topping … [Read more...]