Honoring their service 2018

Amazon shakes hands with T&T Group and SHB to boost cross-border e-commerce in Vietnam At the cross-border e-commerce workshop titled “Reaching the ocean” early this month, US-backed Amazon Global Selling officially announced its partnership with T&T Group and local bank SHB. However, there have been few recent days when SHB's stock closed higher than it began – on the contrary, it has been falling significantly. As of the end of the session on December 9, SHB was at VND6,100 ($0.26), lower than the VND6,800 ($0.3) in late June. Forecasting dim prospects for SHB, Saigon-Hanoi Insurance Corporation divested all of its capital worth VND55 billion ($2.4 million) in July. As a result, the tie-up with SHB may not be enough to move forward Amazon’s plans in Vietnam. Amazon started carrying out cross-border e-commerce in the market a few months ago by supporting local SMEs in improving their export performance. Specifically, on October 16, Amazon Global … [Read more...] about Partnership with SHB may be little aid for Amazon in Vietnam

VSIP granted red books to first homeowners of Sun Casa project in Binh Duong Breaking ground in January 2018, Sun Casa is one of four residential projects developed by VSIP in Vietnam. Sun Casa is conceived as part of VSIP II in Binh Duong, offering quality and convenient housing and amenities to support the local communities and working population. The project is located in Hoa Phu ward, Thu Dau Mot city. Designed as a high-quality urban area, Sun Casa is taking shape to deliver a top-notch living experience, which is also organised around green spaces and facilities residents enjoyment. Once residents move in, the project is expected to become a modern, civilised cosmopolitan community in Binh Duong. Thanks to this vision, Sun Casa has been granted prestigious awards, such as the coveted Best Housing Development (Landed Property) Ho Chi Minh City and Best Housing Landscape Architectural Design. At the ceremony for customers held at Sun Casa last weekend, VSIP granted red books to … [Read more...] about VSIP grants red books to first homeowners of Sun Casa

Phan Dai Loi, 31, was handed the sentence after he was found to have collected nearly VND600 million ($26,000) for smuggling dozens of people to Taiwan. Mitigating circumstances however were applied to his sentence as he had sincerely confessed to the crime and had a good personal background, the court said. According to the indictment, between January and March 2018, Loi colluded with a relative living in Taiwan to arrange for nearly 50 people to cross the land border into China, before smuggling them into Taiwan by boat so they could live and work there illegally. Each person seeking Loi's service had to pay $6,500, of which $500 was given to him beforehand while the remaining amount was to be paid once the person reached Taiwan. However, two people being smuggled by Loi's trafficking ring died when their boat capsized near Taiwan's coast while 28 were discovered, arrested and deported by Taiwanese authorities. Police arrested Loi in October last year following reports submitted by … [Read more...] about Man jailed for trafficking job seekers to Taiwan

 While the Government has announced the CPI in January-April was at its lowest level in three years, the National Assembly (NA) Economic Committee has voiced concern over the possible recurrence of high inflation. Workers fix power lines in HCMC. The recent electricity and gasoline price hikes have sent production costs and consumer goods prices soaring A Cabinet member said in a report at a meeting of the NA Standing Committee on May 8 that the average CPI in the first four months rose 2.71% from a year earlier, the lowest in three years. The Ministry of Industry and Trade also said in its report released on the same day that the hikes in gasoline and electricity prices had caused knock-on effects on consumer prices in the four-month period. However, the effects of African swine fever on the psychology of consumers, and the adoption of a flexible monetary policy for macroeconomic stability helped rein in inflation. The CPI in April inched up 0.31% month-on-month, and as a … [Read more...] about NA concerned about inflation pressure

Vietnam has made good progress in human development, with an average annual Human Development Index (HDI) growth of 1.36 per cent during the 1990-2018 period. A group of ethnic minority women in the mountainous district A Luoi in the central province of Thua Thien-Hue receive training on making brocade products commercially, as part of a programme by Vietnam Rural Industries Research and Development Institute and USAID aiming to promote sustainable development in the area. VNA/VNS Photo Ho Cau This places Vietnam among the group of countries with the highest HDI growth rates in the world. This is one of the key finding of the 2019 Human Development Report, released on Monday by the United Nations Development Programme (UNDP) entitled “Beyond income, beyond averages, beyond today: Inequalities in human development in the 21st Century.” Addressing the report launch in Hanoi, UNDP Resident Representative Caitlin Wiesen said the 2019 Human Development Report disclosed … [Read more...] about Vietnam makes progress in human development: experts