A pork factory run by Masan Nutri-Science, a member of the food and beverage group Masan (HoSE: MSN). Masan shares dropped 1.4 per cent on Wednesday. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Vietnamese shares slid Wednesday, giving up early gains as selling pressure strengthened and pulled the market down for short-term profits. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged down 0.25 per cent to close at 983.78 points. It gained as much as 0.60 per cent during the trading day. The VN-Index has lost a total of 0.34 per cent in the last two days. Market trading liquidity dropped from Tuesday to nearly 175 million shares in volume and VNĐ3.94 trillion (US$169.5 million) in value. Following the cool down on Tuesday, the VN-Index continued being challenged by the rise of selling pressure. The VN-Index totalled a seven-day rally of 4.23 per cent before losing the last two days. “It’s quite normal for the … [Read more...] about VN stocks fall for a second day
Can Wolves keep the wolves at bay?
BIG BEARD: Wolves manager Nuno Santo will surely be a wanted man next season. AFP Photo BY PAUL KENNEDY There is little doubt in any right thinking football fans’ mind that the Premier League manager of the season has to be Pep Guardiola. The Manchester City boss has been outstanding, leading his team to an historic domestic treble, emphatically clinching the third trophy of the season on Saturday with a 6-0 demolition of Watford in the FA Cup final. He may personally be a little disappointed that City fell short in the Champions League, but what Pep has achieved this season qualifies unreservedly for the prize of Manager of the Year. But an honorary mention must go to one Nuno Herlander Simões Espírito Santo, the manager of Wolverhampton Wanderers. The former Portuguese goalkeeper took charge of the Black Country club in May 2017 and earned promotion winning the Championship with two games to spare in his first season at the helm. With financial support from … [Read more...] about Can Wolves keep the wolves at bay?
Garbage issue worsens Philippines-Canada relations
Environmental activists demonstrate outside the Canadian Embassy in Manila on May 21 (Source: AFP/VNA) Hanoi (VNA) – Relations between the Philippines and Canada are getting tenser after Philippine President Rodrigo Duterte on May 22 ordered authorized agencies to hire a private shipping company to send 69 containers of garbage back to Canada and leave them within its territorial waters if the country refuses to accept the trash. Talking to the media, the President’s spokesperson Salvador Panelo said that the Philippines as an independent sovereign nation must not be treated as a landfill by other countries. The Philippines will pay for shipping the garbage shipments, Panelo added. The Canadian Embassy in Manila did not respond to a request for comment. Last month, Duterte threatened Canada with “war” and said he would personally escort the waste containers by sea back to Canada. Canada said the waste, exported to Manila between 2013 and 2014, was a … [Read more...] about Garbage issue worsens Philippines-Canada relations
Indonesian President vows no tolerance for rioters
Indonesian police in Surabaya (Source: AFP) Jakarta (VNA) – Indonesian President Joko Widodo announced on May 22 that he would not tolerate anyone disrupting the security or unity of the country, or the democratic process. The statement was made in the context of at least six deaths and over 200 others injured in demonstrations that turned into riots in Jakarta, after the General Election Commission announced the result of presidential election. Talking to the media, Widodo urged all sides, including those protesting, the police, and the military, to refrain from physical violence. The same day, Coordinating Minister for Political, Legal, and Security Affairs Wiranto confirmed that riots on May 21 night and May 22 dawn were conducted by those outside Jakarta, adding that there are indications that the mobs were paid and bent on causing chaos. The Indonesian police have identified the mastermind behind the scheme. They affirmed that security forces, including military … [Read more...] about Indonesian President vows no tolerance for rioters
Indonesian rupiah depreciates following riots
The Indonesian rupiah dropped to 14,488 IDR per USD on May 22 (Photo: AFP/VNA) Jakarta (VNA) – The depreciation of the Indonesian rupiah against the US dollar on May 22 was blamed on the riots that followed after incumbent President Joko Widodo had been declared winner of the presidential election. The rupiah dropped to 14,488 IDR per USD on May 22 from 14,462 IDR per USD on the previous day. An analyst of Monex Investindo Futures said the political situation has brought great uncertainty, adding that the rupiah is expected to weaken further. Executive Chairman of Sucorinvest Asset Management Jemmy Paul said investors felt uneasy over the impact of the announcement of the presidential election, and the security and political instability will cloud trading in the coming days and next week, he said. Meanwhile, PT Garuda Berjangka’s President Director Ibrahim stressed that although the General Election Commission has now announced the winner of the … [Read more...] about Indonesian rupiah depreciates following riots
More solar power plants to start commercial operation in June
A solar power plant in Mo Duc district, the central province of Quang Ngai, began operation in April (Photo: VNA) Hanoi (VNA) – Vietnam Electricity (EVN) is speeding up the completion of 61 solar power projects so that by the end of next month as many as 88 solar power plants will connect to the national grid and begin commercial operation. As of April 23, only four solar power plants in Vietnam had started commercial operation, but the number rose to 27 by May 17. The additional 61 solar power plants in June are expected to generate a total capacity of 2,000MW. With 88 solar power plants added to the national grid, renewable-energy (wind and solar) power plants in the country will generate about 4,000MW. Renewable-energy power plant projects are mainly in the southern and south-central region, helping EVN to reduce pressure of supplying power to the southern region, a major economic hub of the country. Under the … [Read more...] about More solar power plants to start commercial operation in June
Hanoi seeks France’s experience in clean water, waste treatment
Vice Chairman of the municipal Hanoi People’s Committee Nguyen The Hung (R) and Politburo member of the French Communist Party Jean Charles Nefgre (Photo: VNA) Hanoi (VNA) – Vice Chairman of the municipal Hanoi People’s Committee Nguyen The Hung expressed his delight at growing Vietnam-France ties during a working session in the capital city on May 22 with Jean Charles Nefgre, Politburo member of the French Communist Party (PCF). Speaking highly of the PCF’s activities, Hung said the PCF is one of the communist parties that have closest relations with the Communist Party of Vietnam (CPV), and always accompanies and assists the CPV in socialism building. He said Hanoi’s authorities will continue joint work to hold the ATP professional tennis tournament in Hanoi in 2020. About environmental issues, Hung said Hanoi looks to build a clean waterworks meeting European standards towards the goal that 100 percent of local residents will be provided with … [Read more...] about Hanoi seeks France’s experience in clean water, waste treatment
Military unit promotes defense external affairs
According to Lieutenant Colonel Nguyen Duc Long, Head of the Office of Administrative Affairs under the Staff of Division 308, when the division was assigned to receiving a delegation of the Australian Ministry for Defense visiting the unit's barracks under construction on April 8, 2015, the division's troops felt very anxious. The preparation for the reception of international visitors was not hard, but the work included many details requiring a lot of efforts. In recent years, as Vietnam has pursued the policy of promoting foreign relations with other countries, the Vietnam People's Army has actively expended defense ties with other countries' militaries. The division's troops and the delegation of the Department of Military External Affairs under the DPRK People's Armed Forces in a group photo In this circumstance, the division has welcomed a large number of visiting foreign military delegations. In an effort to work in a professional and effective manner and … [Read more...] about Military unit promotes defense external affairs
Defense-Economic Unit 385 provides check-ups for Lao people
Since 2018, the unit has also conducted similar activities in the districts of Samakkhixay, Phouvong and Xaysetha in the province. More than 800 people receive free health check-ups and medicines. This activity of the unit is meaningful for the people in the locality where it is stationed, as local people could have more knowledge of disease prevention. Such social activities of the unit has contributed to fostering the Vietnam-Laos special solidarity. Translated by Khanh Ngan … [Read more...] about Defense-Economic Unit 385 provides check-ups for Lao people
Vietnam always welcomes Russian enterprises, says PM
Prime Minister Nguyen Xuan Phuc speaks at the forum (Source: VNA) Moscow (VNA) - Vietnam always welcomes and is willing to create favourable conditions for Russian enterprises to do business and invest in the country, Prime Minister Nguyen Xuan Phuc affirmed when addressing the Vietnam-Russia Business Forum held in Moscow on May 22. PM Phuc, who is on an official visit to Russia from May 21-23, said that the forum aimed to seek better and more effective and timely measures to ensure that bilateral cooperation matches the Vietnam-Russia sound relations. He briefed participants on Vietnam’s socio-economic achievements after more than 30 years of renewal. Last year, the country’s GDP growth rate made an 11-year record high at 7.1 percent, while its import-export turnover reached nearly 500 billion USD. Inflation was curbed under 4 percent and the macro-economy remained stable. According to the government leader, at present, Vietnam has 28,000 foreign-invested projects from … [Read more...] about Vietnam always welcomes Russian enterprises, says PM