Former Chief Accountant of Vietsovpetro Vo Quang Huy (L) and former General Director of the firm Tu Thanh Nghia at the trial on March 21 (Photo: VNA) Hanoi (VNA) – Prison sentences ranging from 4-9 years have been proposed for two ex-leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro for “abusing position and power to appropriate assets”. The punishments were proposed at the first-instance trial held by the Hanoi People’s Court on March 21. Accordingly, the Supreme People’s Procuracy suggested a sentence of 8-9 years in prison for Vo Quang Huy (born in 1961, former Chief Accountant of Vietsovpetro) and 4-5 years in prison for Tu Thanh Nghia (born in 1962, former General Director of Vietsovpetro). The procuracy noted that Nghia admitted to receiving a total of over 2.1 billion VND (90,700 USD) in extra-interest that was not stated in Vietsovpetro’s deposit contracts at the Ocean Commercial Joint Stock Bank (OceanBank). The money … [Read more...] about Prison terms proposed for ex-leaders of Vietsovpetro
Huge potential for Vietnam, Laos to collaborate in cooperative economy
Representatives of the National Economic Research Institute of Laos and the Vietnam Cooperative Alliance pose for a photo at the meeting in Hanoi on March 21 (Photo: VNA) Hanoi (VNA) – Vietnam and Laos would combine forces in cooperative economy, heard a meeting in Hanoi on March 21 between President of the Vietnam Cooperative Alliance (VCA) Nguyen Ngoc Bao and head of the National Economic Research Institute of Laos Bouasone Bouphavanh. The Lao guest said that he was impressed by the rapid changes in Vietnam, particularly in cooperative economy development. He expressed his hope that Laos will branch out its cooperative system based on Vietnam’s experience. Meanwhile, Bao expected that bilateral collaboration in the cooperative economy will make significant contributions to bolstering the development of the sector in the future. He said that in the past few years, the Vietnamese Party and Government have outlined various policies and programmes to facilitate … [Read more...] about Huge potential for Vietnam, Laos to collaborate in cooperative economy
Climate change adaptation experience shared in Da Nang
Chairman of the Vietnam Cooperative Alliance Nguyen Ngoc Bao (standing) addresses the meeting (Photo: VNA) Da Nang (VNA) – Members of the Asian Farmers’ Group for Cooperation (AFGC) shared new production models that are adapted to the effects of climate change during its 19th annual conference held in the central city of Da Nang from March 20-21. Head of the National Cooperative Union of India Ved Prakash Setia said the Indian government issued a seven-point strategy in a bid to double farmers’ incomes by 2020. He cited the zero budget national farming model in the southern state of Andhra Pradesh as an example, saying that it uses cow pats and urine to enrich soil in cultivation, instead of harmful chemical fertilisers and pesticides. Head of the Cooperative Federation of Thailand Poramate Intarachumnum said Thailand has been hard hit by the impacts of climate change, such as flooding and drought, causing it to launch an action plan to mitigate green house … [Read more...] about Climate change adaptation experience shared in Da Nang
Vietnam targets having 5% of population invest in securities by 2025
VietNamNet Bridge - Analysts believe the goal to increase the number of investors in securities is within reach as Vietnam’s stock market is expected to be upgraded to a secondary emerging market. Raising the number of securities investors to 3 percent of total population by 2020 and 5 percent by 2025; ensuring reasonable proportions of institutional and individual investors; and obtaining the ‘emerging’ status prior to 2025 are the major points of the recently released government's plan on developing the stock market by 2020. To date, only 2.2 percent of total population have made securities investments, though the stock market opened 20 years ago. The figure is based on the number of investors’ accounts opened so far. Raising the number of securities investors to 3 percent of total population by 2020 and 5 percent by 2025; ensuring reasonable proportions of institutional and individual investors; and obtaining the ‘emerging’ status prior … [Read more...] about Vietnam targets having 5% of population invest in securities by 2025
Antimicrobial resistance action plan improves quality of clinical labs
Viet Nam News HCM CITY — The global medical technology company, BD (Becton, Dickinson and Company) aims to improve clinical laboratory quality as a part of its five-year Antimicrobial Resistance Action Plan for Việt Nam. The plan consists of training and certification programmes that focus on introducing best practices in laboratory management. One programme under development is the BD Antimicrobial Resistance (AMR) Lab Quality Scorecard. Gary Cohen, executive vice president for Global Health at BD and president of the BD Foundation, emphasised the pressing need for industrial collaboration to combat the rising threat of AMR. “Awareness of AMR is still too low and those who understand the gravity of the threat feel powerless to do anything about it. The only way to overcome the threat of AMR is for everyone – policymakers, health officials, administrators, clinicians, professional societies, patients and family members – to adopt best practices for … [Read more...] about Antimicrobial resistance action plan improves quality of clinical labs
NHG awards 1,000 international scholarships to students
NHG’s International Education City in Quảng Ngãi. The group plans to award 1,000 scholarships for Vietnamese students to study in 50 leading schools and universities abroad this year. — Photo courtesy of NHG Nguyen Hoang Group plans to award 1,000 scholarships to 50 leading schools and universities in the US, UK, Australia, Korea and other countries to Vietnamese students this year. They will be given to high school, pre-university, university, and post-graduate students. High school and pre-university students, for instance, will get scholarships ranging from 60 per cent to 100 per cent for studying in 15 schools in the US and UK. For undergraduate and postgraduate levels, the scholarships range from 50 per cent to 100 per cent. Besides that, there are also accommodation scholarships. NHG has been running the scholarships programme for many years and has this year expanded it in terms of the number and value of scholarships. In addition to the programme, every … [Read more...] about NHG awards 1,000 international scholarships to students
VinFa and DKSH link up
Vingroup’s VinFa Company and market service development group DKSH sign a strategic partnership co-operation agreement at a ceremony on Wednesday in Ha Noi. — Photo courtesy of Vingroup Vingroup’s VinFa Company signed a co-operation deal with market service development group DKSH on Wednesday in Ha Noi. "With the vision of becoming an international pharmaceutical enterprise of Việt Nam to serve the needs of Vietnamese people, VinFa and DKSH want to bring to the community products and comprehensive healthcare solutions with highest quality and the most standard services,” said Vingroup Vice Chairman and CEO Nguyen Viet Quang. The move aims to meet healthcare needs in Việt Nam following international standards, contribute to bringing Vietnamese medicine to the world and other important logistic services. DKSH head Corporate Affairs & Strategic Investments and member of Executive Board Stephen Ferraby said that DKSH wanted to work together with … [Read more...] about VinFa and DKSH link up
Ninh Bình win volleyball’s Hoa Lư Cup
Ninh Bình won Hoa Lư Cup 2019. — Photo baoninhbinh.org.vnViet Nam News HÀ NỘI — Defending champions Tràng An Ninh Bình won the Hoa Lư Volleyball Cup 2019 on Wednesday night in northern Ninh Bình Provine. Visitors Hà Tĩnh made it to the final in their first time entering the competition, but lost out to the more experienced home side 3-1. Previously, Border Patrol became second runner-up after beating Hồ Chí Minh City, while Vĩnh Long finished fifth after defeating Thể Công. Ninh Bình won VNĐ100 million (US$4,333) in total prize money, while runners-up Hà Tĩnh got VNĐ50 million ($2,166) and Border Patrol got VNĐ20 million ($866). The tournament is an annual event of the province, run by the Volleyball Federation of Việt Nam. The event helped teams prepare for round one of the National Volleyball League 2019, to be held from April 3 to 7 in northern … [Read more...] about Ninh Bình win volleyball’s Hoa Lư Cup
Islamic State will be wiped off map imminently, says Trump
WASHINGTON — US President Donald Trump predicted on Wednesday that the Islamic State group would be wiped off the map within hours, as he unfurled printouts showing the jihadists’ shrinking presence in Iraq and Syria. Trump claimed American forces have inflicted significant casualties on the battlefield in the past month. He has signaled the group’s imminent demise on several previous occasions, although IS, also known as ISIS, has yet to wave the white flag of surrender. In one map shown by Trump to reporters in Washington and then again at a rally to workers at a military tank factory in Lima, Ohio, IS territory marked in red extends over large areas. A second map, he said, shows the extremist organisation about to be wiped out. "There is no red. In fact, there’s actually a tiny spot which will be gone by tonight," he said at the White House. Later in Ohio, standing by M1A2 Abrams tanks painted in camouflage in front of a huge American flag, Trump again … [Read more...] about Islamic State will be wiped off map imminently, says Trump
Boeing 737 MAX to face first congressional hearing
WASHINGTON — Boeing’s ill-fated 737 MAX and federal regulators next week will face the first public grilling by Congress over the two fatal plane crashes in recent months. Senator Ted Cruz, the Texas Republican, called for a hearing of the Commerce Subcommittee on Aviation and Space, for March 27, with three transportation officials, notably the acting head of the Federal Aviation Administration. Cruz intends to hold a second hearing to question Boeing officials as well as pilots and others in the industry, according to the statement. More than 300 people perished in the two crashes of 737 MAX 8s that occurred shortly after takeoff in Indonesia in October and in Ethiopia earlier this month. Boeing and the FAA are under investigation by the Transportation Department for how the rollout of the jet was handled, especially a new flight system, the MCAS stall-prevention system, which was implicated in the Lion Air crash in October. Pilots have complained they were not … [Read more...] about Boeing 737 MAX to face first congressional hearing