Alibaba Group has opened first office in South-east Asia at UOA Corporate, Kuala Lumpur on June 18 (Photo: www.malaymail.com) Kuala Lumpur (VNA) – Chinese companies have invested at least 1.4 billion ringgit (around 350 million USD) in Malaysia’s bonds and industrial production after the Pakatan Harapan coalition formed the federal government in May. The fact proved that Chinese companies have had confidence in and supported the new government of Malaysia, Chinese Ambassador to Malaysia Bai Tian said in his speech at Alibaba’s office opening ceremony in Bangsar South on June 18. He said the China Construction Bank in Malaysia’s decision to purchase 200 million ringgit (50 million USD) worth of bonds from the local bond market was also an example of Chinese companies being upbeat about Malaysia. Meanwhile, three Chinese companies invested 1.2 billion ringgit in the Southeast Asian country right in the first week after the new Government of … [Read more...] about Chinese companies increase investment in Malaysia
Conference highlights role of journalism in HCM City’s development
Viet Nam News HCM CITY — HCM City Party Committee Secretary Nguyễn Thiện Nhân yesterday asked city authorities to offer more financial assistance and new policies for the press for continued communication, especially to promote National Assembly Resolution No. 54 to “pilot a special mechanism and policy for the development of HCM City”. At a forum on journalism and publishing to mark the 93rd Việt Nam Revolutionary Press Day, Nhân said the press — including print newspapers, television channels, radio stations, and online news sites, should suggest solutions, not just offer criticism, for the city’s development. Journalists should observe, analyse, and seek solutions to the city’s shortcomings from people, experts and scientists, he said. The press should also continue strengthen the fight against bureaucracy, corruption, waste, and social evils, he added. They should commend outstanding individuals who do … [Read more...] about Conference highlights role of journalism in HCM City’s development
Ways sought to improve communications management in Industry 4.0
Illustrative image (Source: VNA) Hanoi (VNA) – Participants at a national seminar in Hanoi on June 19 discussed measures to improve communications management in the context of the fourth industrial revolution (Industry 4.0). Associate Prof. Dr. Truong Ngoc Nam, Director of the Academy of Journalism and Communications under the Ho Chi Minh National Academy of Politics, said the fourth industrial revolution has exerted strong influence on communications, including the reception of information from readers. The public not only proactively choose the information and decide what they want to read but also contribute to delivering messages, he said. The boom of social networks like Facebook and YouTube makes it difficult for relevant agencies to keep information under control, Nam said, adding that management agencies have to deal with an “open” but “virtual” space with an array of issues relating to traditional security, hackers and dangerous information … [Read more...] about Ways sought to improve communications management in Industry 4.0
Vietnamese Vice President pays official visit to Laos
Vice President Dang Thi Ngoc Thinh is welcomed at the Lao Presidential Palace in Vientiane on June 19 (Photo: VNA) Vientiane (VNA) – Vietnam and Laos will continue giving the top priority and exerting all-out efforts to develop bilateral ties to ensure the success of each nation’s revolution, the countries’ vice presidents affirmed during their talks in Vientiane on June 19. At the talks after the official welcome ceremony for Vice President Dang Thi Ngoc Thinh, Lao Vice President Phankham Viphavanh highlighted the visit’s significance to the two countries’ relations, noting that the Party, State and people of Laos always keep in mind the enormous and effective assistance Vietnam has given to them throughout history. Vice President Thinh, who is on her first official visit to Laos from June 19 to 22, reiterated that the Party, State and people of Vietnam always treasure the sincere friendship and mutual support with Laos. The two sides briefed each … [Read more...] about Vietnamese Vice President pays official visit to Laos
3rd Denimsandjeans Vietnam int’l exhibition to open next week
The event is expected to attract more than 40 businesses specializing in producing denims, accessories and textiles from Vietnam and 10 countries and territories including India, Switzerland, Thailand, the Republic of Korea, China, Hong Kong (China), Pakistan and Singapore. The show will bring latest trends and advances in denim industry, likely top stitched, two tone denim, laser art, mother earth and we rock. The event will also include seminars and discussions with the participation of international experts. According to Vice Secretary of VITAS Nguyen Thi Tuyet Mai, Vietnam has signed and will sign 16 free trade agreements (FTA), including the European Union (EU) - Vietnam FTA and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which are expected to create opportunities for the textile and apparel industry. In 2017, Vietnam's textile and garment industry earned US$31.1 billion from exports and is expected to reach more than US$34 billion in 2018, … [Read more...] about 3rd Denimsandjeans Vietnam int’l exhibition to open next week
NA Chairwoman helps Can Tho voters understand special zone law
National Assembly Chairwoman Nguyen Thi Kim Ngan shakes hands with voters in Can Tho city (Photo: VNA) Can Tho (VNA) – National Assembly Chairwoman Nguyen Thi Kim Ngan gave voters in the Mekong Delta city of Can Tho more details about the postponement of approval of the draft Law on Special Administrative – Economic Units and made clear the newly-adopted Law on Cyber Security at her meeting with them on June 19. The meeting, with the presence of a delegation of NA deputies of the Mekong Delta city of Can Tho, was meant to update the voters of the results of the fifth session of the NA’s 14th tenure. Voters shared the views that many national socio-economic issues had been discussed productively at the meeting and praised the outcomes of the meeting. While noting down the voters’ opinions, Chairwoman Ngan clarified that the legislature decided to postpone the approval of the draft Law on Special Administrative – Economic Units in order to have … [Read more...] about NA Chairwoman helps Can Tho voters understand special zone law
VN-Index loses more than 25 points on June 19
Shares declined as the downward trend on the previous day continued, forcing the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) to lose 25.18 points to close at 962.16 points on June 19 (Photo: VNA) Hanoi (VNA) – Shares declined as the downward trend on the previous day continued, forcing the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) to lose 25.18 points to close at 962.16 points on June 19. Total transaction value on the day reached more than 7.8 trillion VND (341.51 million USD). At the start of the morning trading session, the VN-Index fluctuated around 960 points then lost up to 45 points in the afternoon. However, strong demand returned to pull the VN-Index back to 962.16 points later on the day. Meanwhile, the HNX-Index on the Hanoi Stock Exchange dropped to 110.58 points after losing 2.47 points. More than 950,000 shares were traded on the HNX-Index, worth 18 billion VND (787,800 USD). The UPCOM-Index on the Unlisted Public Company … [Read more...] about VN-Index loses more than 25 points on June 19
Philippines plans to issue 1 billion USD worth of Samurai bonds
The Philippines is planning to issue 1 billion USD worth of Samurai bonds this year, Secretary of Finance Carlos Dominguez said on June 19 (Photo: www.rappler.com) Hanoi (VNA) - The Philippines is planning to issue 1 billion USD worth of Samurai bonds this year, Secretary of Finance Carlos Dominguez said on June 19. Dominguez unveiled the plan in his opening remarks at the economic briefing on the Philippine economy in Tokyo, Japan. The Philippine minister did not give other details of the planned yen-denominated bond float in his speech, but he said earlier that the government will proceed with it by September or October this year. Buoyed by the tight spreads of the Philippines' earlier bond issuances this year, Dominguez said such developments indicate confidence in the fiscal and debt management of the Duterte administration. The Philippine Government issued 2 billion USD worth of 10-year dollar denominated bonds in January. Two months later, the Philippines … [Read more...] about Philippines plans to issue 1 billion USD worth of Samurai bonds
PM: Soc Trang should work out proper measures to fulfill growth targets
Prime Minister Nguyen Xuan Phuc (standing) speaks at the working session with leaders of Soc Trang province (Photo: VNA) Soc Trang (VNA) – Prime Minister Nguyen Xuan Phuc has urged the Mekong Delta province of Soc Trang to work out proper measures to fulfill its set growth targets, especially gross domestic product (GDP) and provincial competitiveness index (PCI). PM Phuc made the request at a working session with provincial leaders on June 19 after attending the investment promotion conference in Soc Trang. A reported delivered at the working session showed that in the first six months of 2018, Soc Trang collected 2 trillion VND (88 million USD) for the State budget, equal to 55 percent of the estimates. However, the province’s economic growth only reached 6.11 percent, lower than the figure of 6.47 percent recorded in the same period last year. In recent years, the province has carried out a number of projects on agricultural production with high-yielding rice … [Read more...] about PM: Soc Trang should work out proper measures to fulfill growth targets
Egypt coach ready to unleash Salah on Russia
Egypt coach ready to unleash Salah on RussiaThe Saigon Times Daily Egypt's Mohamed Salah and teammates on the bench during the match at Ekaterinburg Arena, Yekaterinburg, Russia June 15, 2018 – PHOTO: REUTERS ST PETERSBURG (REUTERS) - Egypt coach Hector Cuper is ready to gamble on Mohamed Salah and is hoping the striker comes through a final fitness test on the eve of the country’s World Cup match against hosts Russia. A shoulder injury kept Salah out of Egypt’s opening game against Group A favourites Uruguay, in which the team from north Africa were beaten 1-0. Russian made a dream start, beating Saudi Arabia 5-0 to rise to the top of the group above Uruguay on goal difference and Egypt must at least draw with the host nation in St Petersburg on Tuesday to keep their World Cup hopes alive. “Salah is fit,” Cuper told reporters on Monday. “We always carry out a last physical test before we announce our line-up and today we will have an … [Read more...] about Egypt coach ready to unleash Salah on Russia