One more high-speed boat service, the second, began on June 21 between Phan Thiết City and Phú Quý Island. There are also two normal boat services daily. —VNA/VNS Photo Hồng Hiếu Viet Nam News HCM CITY — The number of daily high-speed boat services between Phan Thiết City and Phú Quý Island in Bình Thuận Province was increased from the current one to two starting on June 21. It takes two and a half of hours by the new speed boat while normal vessels take six hours. The latter also make two trips either way daily. Superdong Fast Ferry Kiên Giang Joint Stock Company bought a new boat for the additional service at a cost of nearly US$2 million. Tickets cost VNĐ350,000 ($15), but only VNĐ260,000 ($11.4) for people with disabilities and VNĐ250,000 ($10.9) for children. Phạm Văn Nam, vice chairman of the provincial People’s Committee, said the additional fast service would contribute … [Read more...] about 1 more high-speed boat service to Phú Quý Island
Shares fail to maintain rally
Viet Nam News HÀ NỘI — Vietnamese shares failed to maintain their upward trend on Thursday due to overwhelming selling pressure that persisted from the start of the trading hour to the closing minutes. The benchmark VN Index on the HCM Stock Exchange dropped 1.18 per cent to close at 969.40 points. It jumped 1.95 per cent on Wednesday. The HNX Index on the Hà Nội Stock Exchange lost 1.73 per cent to end at 110.16 points. The northern index had gained 1.38 per cent in the previous session. More than 149 million shares were traded on the two local exchanges, worth VNĐ3.6 trillion (US$157 million). The market breadth was negative as declining stocks outnumbered gaining ones by 276 to 153 while 310 other stocks were unchanged. Massive sell-offs hit 18 of the 20 sectors on the stock market. Key industries that saw share prices down included banking-financial, energy, rubber and plastic production and retail, data on vietstock.vn showed. Large-cap … [Read more...] about Shares fail to maintain rally
Military impostors arrested in capital
Four persons falsify the Defence Ministry’s decisions on the establishment of Đông Dương Group to cheat people who want to get jobs in a military company. — Photo cand.com.vnViet Nam News HÀ NỘI — Police in Hà Nội on June 21 released the results of a preliminary investigation into a case involving a gang who posed as military officers to con people. đồng from around 1,000 job seekers and contractors across the country. … [Read more...] about Military impostors arrested in capital
12th National Press Awards 2017 announced
President Tran Dai Quang (fifth from left) and winners of prize A (Photo: VNA) Hanoi (VNA) – The 12th National Press Awards 2017 were announced at a ceremony in Hanoi on June 21, Vietnam’s Revolutionary Press Day. The event saw the participation of Party General Secretary Nguyen Phu Trong; President Tran Dai Quang; Standing member of the Party Central Committee’s Secretariat Tran Quoc Vuong; permanent Deputy Prime Minister Truong Hoa Binh; Deputy Prime Minister and Foreign Minister Pham Binh Minh; Head of the Party Central Committee’s Commission for Information and Education Vo Van Thuong, among others. Speaking at the event, permanent Deputy Prime Minister Truong Hoa Binh lauded efforts of journalists nationwide and expressed his delight that the number of entries to the National Press Awards 2017 has been highest so far with improved quality. He asked the press sector to fully grasp, widely and effectively disseminate the Party guidelines and the State … [Read more...] about 12th National Press Awards 2017 announced
Turnover hits 8-month low
Turnover hits 8-month lowBy Phuong Thao HCMC – Heavy selling pressure sent stocks tumbling on June 21 after just one session of recovery, with market turnover hitting an eight-month low because of cautious trading. The HCMC market saw 96 stocks rising and 177 others falling, pushing the VN-Index of the Hochiminh Stock Exchange down 11.55 points, or 1.18%, at 969.4. Trading value on the bourse was at its lowest since October 10, 2017, sliding 13% versus Wednesday to VND3.1 trillion, while volume declined 18% at 117 million shares. Large caps were mixed, where property firm VIC closed downward 0.8%, while lender TCB and consumer goods firm MSN moved sideways. Meanwhile, BID became the top loser as the bank shed 4.3% at VND26,800 per share with volume of over two million shares. Other banks lost strongly, with CTG and VCB dipping 3.1% and 2% to VND25,350 and VND57,000 per share, respectively. HDB was the only gainer among the nine listed banks on the southern exchange, adding a … [Read more...] about Turnover hits 8-month low
Tinhvan welcomes Japanese partner
Tinhvan welcomes Japanese partnerBy Van Ly Toru Kuwano (L), general director of TIS Inc., and Tinhvan Chairman Hoang To pose for a photograph at Tinhvan Group's headquarters - PHOTO: TINH VAN HANOI – Tinhvan Group announced on June 20 that TIS Inc., a subsidiary of Japan-based TIS INTEC Group, has completed essential procedures to invest in Tinhvan. TIS cooperates with Tinhvan in finance and business, aiming to boost information-technology-based sectors, the core offering of both companies, through financial banking, payment, education, software exports and development studies. To date, TIS is the first overseas corporation to inject capital into Tinhvan Group. Earlier, the group was funded by its domestic stakeholders. TIS Inc. General Director Toru Kuwano noted that TIS had found resonance in Tinhvan in terms of development strategies, qualifications for researching and developing technologies and business philosophy. As a result, he is confident that this will be a … [Read more...] about Tinhvan welcomes Japanese partner
Vietnam steel exporters accused of tax evasion in U.S.
Vietnam steel exporters accused of tax evasion in U.S.The Saigon Times Daily Steel is seen at a factory in Vietnam. U.S. steel makers have accused Vietnamese exporters of evading anti-dumping and anti-subsidy duties on corrosion-resistant carbon and cold-rolled steel - PHOTO: VGP HCMC - The Department of Trade Defense under the Ministry of Industry and Trade has announced that several U.S. steel makers have filed a case against Vietnamese exporters, claiming they have avoided paying antidumping and antisubsidy duties on corrosion-resistant carbon and cold-rolled steel. According to Nguoi Lao Dong newspaper, U.S. steel producers have petitioned the U.S. Department of Commerce (DOC) to launch investigations into these products as they believed Taiwanese and Korean corrosion-resistant carbon steel and Korean cold-rolled steel had been exported to Vietnam before being shipped to the United States. Since the United States conducted antidumping and antisubsidy probes in 2015, the … [Read more...] about Vietnam steel exporters accused of tax evasion in U.S.
Soya Garden receives VND20 billion from reality show
Soya Garden receives VND20 billion from reality showBy Chi Thinh Shark Thuy (R, seated) and one representative of Mr. Bean Group Limited (L, seated) at a signing ceremony to make Soya Garden a strategic partner of Mr. Bean Group - PHOTO: SHARK TANK HCMC – Soya Garden has officially been granted an investment of VND20 billion (US$875,000) by Shark Thuy, organizers of the reality program Shark Tank Vietnam announced. Earlier, on the reality TV show broadcast on VTV3 channel, startup project Soya Garden was chosen for an injection of funds up to VND15 billion by Shark Nguyen Ngoc Thuy, chairman of Egroup and general director of Apax English JSC. After Soya Garden passed Due Diligence, an enterprise appraisal round, Shark Thuy and Egroup decided to raise the investment to VND20 billion. Anh Tuan, CEO and founder of Soya Garden, made a presentation on their business plan for the year, which aims to help consumers experience new healthy products. Soya Garden makes all its … [Read more...] about Soya Garden receives VND20 billion from reality show
FPT teams up with Dien Quang to develop smart lighting products
FPT teams up with Dien Quang to develop smart lighting productsBy Van Ly FPT and Dien Quang chairmen at an MoU signing ceremony - PHOTO: VAN LY HANOI – Vietnamese technology corporation FPT and Dien Quang Lamp JSC on June 20 signed a memorandum of understanding on developing smart electric and lighting devices. The local market is expected to see new FPT-Dien Quang product lines under the cooperation agreement, where FPT will apply the Internet of Things (IoT) in manufacturing the products. The technology firm will be in charge of developing all app-controlling software on mobile devices and, in collaboration with Dien Quang, writing embedded software for the joint products. Meanwhile, Dien Quang is responsible for researching and developing hardware, including electronic devices and boards, and for manufacturing the products. The products, remote-controlled by smartphones and Vietnamese voices, can be combined with other utility apps, such as calendar settings or an app … [Read more...] about FPT teams up with Dien Quang to develop smart lighting products
We won’t let France bully us, say underdogs Peru
We won't let France bully us, say underdogs PeruThe Saigon Times Daily Peru coach Ricardo Gareca during the press conference at Ekaterinburg Arena, Yekaterinburg, Russia June 20, 2018 – PHOTO: REUTERS YEKATERINBURG (REUTERS) - Underdogs Peru are capable of beating anyone at the World Cup and will not allow France to bully them in their Group C clash, coach Ricardo Gareca said on Wednesday. Gareca said the Incas, who played some attractive soccer in going down 1-0 to Denmark in their first game, would not change their approach against the highly-fancied French on Thursday. “This involves playing to our style and not letting France push us around. We are obviously not going to be able to control France all the time but we want to develop our style of play. Our intention is to win,” he told a news conference. The Argentine acknowledged his players would probably be outgunned by France in every area of the pitch at the Ekaterinburg Arena. “I don’t … [Read more...] about We won’t let France bully us, say underdogs Peru