Stocks make U-turn as investors become calmer

After the free-fall in a previous trading session, the Vietnam’s stock market showed signs of recovery as investors no longer dumped shares while large-cap stocks, especially oil and gas stocks, strongly rebounded on December 18. Ending the entire trading session on the Ho Chi Minh City Stock Exchange, the Vietnam’s benchmark VN-Index gained 10.23 points, or 1.97 percent, to close at 528.45 points. Among the index members, 189 stocks advanced; 50 declined; and 45 were unchanged. The VN30-Index, a gauge of top 30 stocks by market value and liquidity, recovered 9.17 points, or 1.61 percent, to 578.88 points with 25 winners, 3 losers, and 2 stocks standing still. … [Read more...]

Vietnam praises Cuba-US resumed diplomatic relations

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The Hanoitimes - During the regular press conference of the Ministry of Foreign Affairs on December 18, in Hanoi, Deputy Spokesman Pham Thu Hang informed external activities of Vietnam in the future and answered reporter's question on issues of media attention. Vietnam believes the normalization of relations between the US and Cuba is a good start for bilateral diplomatic ties and welcomes the statements of Cuban President Raul Castro and US President Barack Obama on resuming bilateral ties. Vietnam hopes that these historic declarations will be in the best interests of the Cuban and American peoples and make significant contributions to maintaining peace, stability and cooperation in America and the world. "Vietnam believes that the historic announcements are the first step towards the full normalisation of the bilateral diplomatic relation to bring legitimate interests for both Cuban and US people and contribute importantly to maintaining peace and stability and intensifying … [Read more...]

Improving economic cooperation between Vietnam and China

The Hanoitimes - The Vietnam Embassy in China in collaboration with the ASEAN-China Centre in Beijing co-organised a seminar on December 17 in Beijing. Ways to improve development and promote trade and investment opportunities between Vietnam and China topped the agenda at the seminar. Speakers at the seminar dilated on the economic advantages and disadvantages of establishing a single free trade area, much like the European Union, between the countries. They also discussed some rather novel and practical ideas on enhancing economic cooperation. … [Read more...]

International Dairy Products JSC gets big investment

The Hanoitimes - VinaCapital Vietnam Opportunities Fund Limited (VOF) and Daiwa PI Partners Co. Ltd. have announced a major investment of US$45 million into International Dairy Products JSC. VOF, an AIM-traded investment company and Daiwa PI Partners (DPIP), a Tokyo-based leading financial investor, announced that they have acquired a majority stake in International Dairy Products JSC (IDP), one of Vietnam's leading dairy producers. VOF and DPIP have co-invested USD45.0 million (80.0% from VOF) making them the largest shareholders, with a combined 70.0 percent ownership stake in IDP. … [Read more...]

Six gold medals for Vietnam at ASEAN University Games

(VOV) -Vietnamese students added to their medal tally on day three of competition at the ongoing 17th ASEAN University Games (AUG 17) in Palembang, Indonesia with one silver and six gold medals. In Pencak Silat, Nguyen Thi Thu Ha and Duong Thi Anh Nguyet won a gold medal in the woman’s double performance, while Vu Quoc Viet, Hoang Quang Trung and Nguyen The Hien earned a gold in the men’s team event. The remaining medals were pocketed by athletics teams in the women’s 4x100m relay, women’s 4x400m relay and 1.500m event in both men and women. … [Read more...]

Vietnam jumps to 137th in FIFA rankings

(VOV) -Vietnam has climbed one place to 137th in the International Federation of Football Association's (FIFA) rankings for December, despite losing to Malaysia in the 2014 AFF Suzuki Cup’s semi-final round. The team ranked 20th overall in Asia and second in Southeast Asia. The Philippines continued to top the list in Southeast Asia followed by Vietnam(137th) in the world), Myanmar (141st) and Thailand (142nd). In Asia, the top three teams were Iran, Japan and the Republic of Korea. In the world rankings, Germany stood in first with 1725 points, followed by Argentina (1538), Colombia (1499), Belgium (1417) and the Netherlands (1374), in that order. … [Read more...]

Japan FM honours Vietnam’s Japan Alumni Chairman

(VOV) - The Ministry of Foreign Affairs of Japan on December 18 presented a certificate of merit to the Honorary Chairman of the Japan Alumni of Vietnam (JAV), Nguyen Ngoc Binh, in recognition of his contributions to boosting Vietnam-Japan relations. As JAV Vice Chairman, Binh had made great efforts in promoting connections among former Vietnamese students in Japan. Since he assumed the role of JAV Chairman in 2004, he has led the association to make positive contributions to fostering exchange and mutual understanding as well as the friendship and relations between the two countries. … [Read more...]

SBV Governor Binh meets with senior Lao officials

(VOV) - Governor Nguyen Van Binh of the State Bank of Vietnam (SBV) on December 18 met in Vientiane with his counterpart Governor of the Laos Central Bank Somphao Phaysith and other senior officials of the Lao Government. They met to discuss measures pertaining to monetary policy management and measures to stabilize the macro economy to ensure sustainable economic development. In particular they examined ways to ensure capital resources are providedo Vietnamese small and medium sized enterprises operating in Laos. … [Read more...]

Vietnam, Malaysia see biggest surge in demand for 15-inch laptops: GfK

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Malaysia and Vietnam posted the highest rise in demand for 15-inch laptops in the first three quarters of this year, at a time when consumer trends are shifting toward the latest portable devices, findings released Thursday by a market research firm show. The two countries garnered additional sales in this particular segment of around 142,000 and 96,000 units this year compared to last year, Gerard Tan, account director for digital world at the Asia business of German-based GfK, said. … [Read more...]

State President due to visit Cambodia

(VOV) -State President Truong Tan Sang is to make a State visit to Cambodia on December 23-24 at the invitation of Cambodian King Preah Bat Samdech Preah Boromneath Norodom Sihamoni. Vietnam is currently Cambodia's fifth biggest investor, pouring more than US$3 billion into 129 projects, principally rubber, fertiliser, health care, banking, aviation and telecommunications. Bilateral trade growth averages nearly 30% per year (2009-2014). In January-October, the total export-import value reached US$ 2.6 billion and the figure is predicted to hit US$ 3.5 billion this year. … [Read more...]

Nguyen Cao Ky Duyen: The most promising young talent of 2014

First runner-up Nguyen Tran Huyen My

(VOV) - Miss Vietnam 2014 Nguyen Cao Ky Duyen, 18, has an innocent and naive personality with a beautiful face. Her cute round eyes are attractive and can speak a thousand words. It was a tough competition for Duyen and she impressed everyone with her angelic and bubbly looks. She graduated from Le Hong Phong School - Nam Dinh, specializing in French and has a record of outstanding academic achievement. Her name is ‘hot’ on any forum and certainly a face that will become more influential in the future. … [Read more...]

Drilling creates wider access to 12 trapped Vietnamese workers in tunnel collapse

A rescuer tries to communicate with and listen to the trapped victims through a pipe (Photo: Tuoi Tre) Two salvage tunnels being drilled

Rescuers have created a 16 cm-wide access hole to the location where 12 workers have been trapped inside a collapsed tunnel section at a hydropower plant in the Central Highlands province of Lam Dong since Tuesday. Through great effort rescuers finished drilling the hole, which is wider the current one, at about 8:30 am Friday, December 19, at the exhaust mouth of the tunnel, said Colonel Nguyen Huu Hung, Deputy Chief of Staff of Sappers. … [Read more...]

VPA’s founding anniversary celebrated overseas

(VOV) -A broad array of activities marking the 70th founding anniversary of the Vietnam People’s Army (VPA) and the 25th anniversary of the All-People’s Defense Festive Day continue being held in different countries across the globe. The latest celebration was held by the Vietnam Embassy in Paris on the evening of December 18 with more than 300 French and Vietnamese guests, and military and defence experts in attendance. In his speech, Vietnam Ambassador Nguyen Ngoc Son said being cognizing of the need to respect mutual benefit and sovereignty and territorial integrity of other countries, the VPA affirmed itself as a responsible and pro-active member in international cooperation. … [Read more...]

Tuoi Tre newspaper to run annual consulting program for university entrance this month

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The Ministry of Education and Training (MoET) will collaborate with Tuoi Tre (Youth) newspaper to carry out an annual program to give tips to students across the country before they sit for the national exam, whose results will be used for their high school graduation and university admissions. The program, which is named "Tu Van Tuyen Sinh 2015" and is in its 13th year, will include 18 consulting sessions and three educational festival days which will last from the end of December to late March in 20 provinces and cities. … [Read more...]

First research on creative hubs in Vietnam launched

Heritage Space, Hanoi

VietNamNet Bridge - The British Council has launched the first-ever report about local creative hubs, the result of research by journalist/media consultant Truong Uyen Ly commissioned by the British Council and carried out in May 2014. … [Read more...]

More Japanese businesses invest in service in HCM City

There is a growing tendency of seek investment opportunities in the field of service among Japanese companies, heard a workshop in Ho Chi Minh City on December 18. The workshop, held by the Japanese External Trade Organisation (JETRO), saw about 60 Vietnamese businesses and 17 Japanese enterprises, including renowned trademarks such as Comline, Musashi, Doutor Coffee, in attendance. According to the organising board, the Japanese businesses are interested in estate-related information and seeking spaces for restaurant and beauty care services in major commercial centres and shopping malls in HCM City. … [Read more...]

Rare turtle stuck in Hue fisherman’s net

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A fisherman in central Thua Thien - Hue Province caught a rare green sea turtle on Wednesday. Also called Chelonia mydas, the turtle species is listed as endangered by the International Union of Conservation for Nature. … [Read more...]

Vietnam attends UN meeting on civilian protection

Ambassador Nguyen Trung Thanh, Vietnam’s Permanent Representative to the United Nations and other international organisations in Geneva, attended a meeting of the fourth Geneva Convention on the Protection of Civilian Persons in Time of War in Geneva, Switzerland on December 17. Representatives from 126 state members of the convention at the event adopted the meeting’s declaration, pointing out several violations of banned regulations, including attacks on non-military objectives as well as on protected persons and facilities like schools, health institutes, public vehicles and humanitarian officials. … [Read more...]