Inside a Bao Tin Minh Chau Jewellery and Gemstone Co Ltd shop. Gold prices in Viet Nam stood at US$1,360 per ounce on August 13. — Photo baotintuc.vn The State Bank of Vietnam (SBV) has publicised a draft circular that would adjust existing regulations managing gold trading, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper reported. The draft circular would amend Circular 16/2012/TT-NHNN dated May 25, 2012 to instruct the implementation of Decree 24/2012/ND-CP issued by the Government. Under the draft circular, the SBV would cut administrative works in spot gold trading management and remove conditions on changing business licences. For example, when a company wants to change the information on its licence, the firm would be able to send a filing to the SBV and an adjustment will be approved within 15 working days. In addition, some reporting mechanisms between SBV, its local offices and businesses would be eliminated to reduce the workload and expense for both … [Read more...] about Draft circular on gold business licensing released
Tin tuc kinh te
National Press Festival 2019 wraps up
At the event (Source: VNA) Hanoi (VNA) – The annual National Press Festival 2019, themed “Renovated, creative, responsible Vietnamese press for the interests of the nation and people”, wrapped up in Hanoi on March 17. Speaking at the closing ceremony, permanent Vice Chairman of the Vietnamese Journalists’ Association (VJA) Ho Quang Loi said the event affirms the strong development of revolutionary Vietnamese press and reflects its responsibility for the country and people. Up to 200 exhibitors, including press agencies and journalists’ associations at all levels, joined the event. The organising board presented prizes in six types. There were 76 prizes for impressive stalls, 76 prizes for New Year cover pages, 20 prizes for interfaces, 43 prizes for impressive radio-television programmes for Lunar New Year holiday, and 23 prizes for scientific studies on press professionalism. The prizes on outstanding reportages on … [Read more...] about National Press Festival 2019 wraps up
Gold fever peaks ahead of God of Wealth Day
Many people have rushed to buy gold ahead of the God of Wealth Day on the 10th day of the Lunar New Year which falls on February 14 this year. Many gold shops on Tran Nhan Tong, Xa Dan and Cau Giay streets in Hanoi attracted customers from early morning. The customers were mainly women buying gold, believing it brings luck in the new lunar year. Nguyen Thi Hien, 26, from the northern province of Hung Yen said that this year she bought gold earlier than usual so that she would not have to wait for so long tomorrow. Some gold traders claimed demand on the God of Wealth Day would sharply increase this year. Phu Nhuan Jewellery Joint Stock Company reported total revenues of VND750 billion (USD32.61 million) from selling 169,000 gold products on last year’s Gold of Wealth Day. Meanwhile, Doji sold 260,000 products on the occasion, up 50% against 2017. According to local folklore, the God of Wealth returns to heaven on the tenth day of the first lunar … [Read more...] about Gold fever peaks ahead of God of Wealth Day
Top 100 products, services chosen by consumers awarded
The top 100 products and services in 2018 selected by consumers are honoured in HCM City on November 29 (Photo: VNA) HCM City (VNA) – The top 100 products and services in 2018 selected by consumers were announced at a ceremony in Ho Chi Minh City on November 29. The selection programme, Tin & Dung (Trust & Consume) Vietnam 2018, was organised by the Thoi bao Kinh te Viet Nam (Vietnam Economic Times). Firms with products and services that made the shortlist include Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), HD Bank, Orient Commercial Joint Stock Bank (OCB), Maybank Kim Eng Securities, FPT, Vietjet, Saigon Alcohol Beer and Beverages Corp. (Sabeco), Hanoi Beer Alcohol and Beverage Joint Stock Corp. (Habeco), Nha Be Garment Corporation, The Reverie Saigon Hotel, and Khanh Hoa Salangane Nest Company. Launched in January this year, the programme received 21,000 paper and 61,000 online votes, recommending more than … [Read more...] about Top 100 products, services chosen by consumers awarded
BUSINESS IN BRIEF 16/6
Vietnam targets US$200 bn garment, textile exports by 2035 With import tax cuts presented by free trade agreements (FTAs) to which, Vietnam is a member, increasing automation in production and quite favourable factors in the world market, the country’s garment and textile exports are forecast to hit US$200 billion by 2035. Vu Duc Giang, president of Vietnam Textile and Apparel Association (VITAS), says the US remains Vietnam’s largest garment importer, trailed by the EU and member countries of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). Giang optimistically told the Japanese and Vietnamese media that the garment sector is likely to earn US$34.5 billion from exports this year. It is expected that after the CPTPP comes into effect in August 2018 and export taxes drop to zero, the country’s garment exports will surge by 3% compared to the estimated figure because Canada, Australia, Mexico, and New Zealand, major importers, currently import about … [Read more...] about BUSINESS IN BRIEF 16/6
VNA’s Tin Tuc newspaper marks 35th anniversary of first edition
VNA General Director Nguyen Duc Loi (first from right) presents the flag of emulation to Tin Tuc newspaper (Source: VNA) Hanoi (VNA) – Vietnam News Agency (VNA)’s Tin Tuc (News) newspaper held a ceremony in Hanoi on May 14 marking the 35th anniversary of its first edition (May 14, 1983). Attending the event were head of the Party Central Committee’s Commission for Information and Education Vo Van Thuong and permanent Vice Chairman of the Vietnamese Journalists’ Association Ho Quang Loi. Party General Secretary Nguyen Phu Trong, President Tran Dai Quang, Prime Minister Nguyen Xuan Phuc sent baskets of flowers on the occasion. Speaking at the event, VNA General Director Nguyen Duc Loi said Tin Tuc, previously known as Tuan Tin Tuc (News weekly), issued the first edition on May 14, 1983, marking a new period of development and contributing to the cause of the country’s press renovation then. Over the past 35 years, Tin Tuc staff have kept … [Read more...] about VNA’s Tin Tuc newspaper marks 35th anniversary of first edition
Ben Tre man fined $439 for posting fake news to Facebook
29-year-old Nguyen Minh Chanh in Phu Tan District who manages ‘Tin tuc Ben Tre” (Ben Tre News) fan page posted the news in which a four-year-old child had been cut off his head on March 14. According to his statement with policemen, on March 14, his friend named Minh told him about the incident and then he posted it to his fanpage and followed by 30,000 people. He violated the government’s edict No. 174/2013/ND-CP in the field of post and services, IT because he spread wrong news to the social media. A day after, Chanh continued to update the news confirming that the news was true by Nguyen Dinh Chieu hospital’s confirmation. At present, responsible agencies asked him to remove the fan page because it violated regulations.By HAM LUONG – Translated by UYEN PHUONG Tags: Ben Tre man fake news Facebook … [Read more...] about Ben Tre man fined $439 for posting fake news to Facebook
Du thuyền thể thao concept Lexus Sport Yacht đoạt giải thưởng quốc tế
11:41 - 19/03/2018 (GMT+7) Mẫu du thuyền thể thao concept Lexus Sport Yacht độc đáo đã được trao tặng giải thưởng “Chiếc du thuyền của năm” trong Triển lãm Du thuyền quốc tế Nhật Bản tại thành phố Yokohama. Chiếc du thuyền Lexus Sport Yach “có một không hai” đã gây ấn tượng mạnh cho giới đam mê du thuyền và ô tô quốc tế khi nó được giới thiệu vào tháng 1 năm 2017, tại sự kiện truyền thông đặc biệt ở Miami, do chủ tịch của tập đoàn Ô tô Toyota, Akio Toyoda chủ trì cùng với chủ tịch … [Read more...] about Du thuyền thể thao concept Lexus Sport Yacht đoạt giải thưởng quốc tế
Sea transport posts positive growth
At a recent conference about the maritime transport sector, Vinamarine said the shipping volume of Vietnamese vessels last year totalled 130.9 million tonnes of cargo, up 6 percent from 2016. Domestic ships are now undertaking nearly 100 percent of domestic sea shipping, except for shipping of LPG and bulk cement. Since 2014 to the end of 2017, river-sea compatible ships transported 36.2 million tonnes of cargo. Last year, they completed 22,000 shipments, an increase of 67 percent year-on-year. Shipping volume was 18.5 tonnes of cargo, up 56 percent from 2016. Photo: vietship.net Bui Thien Thu, deputy head of Vinamarine, said the country as of December last year had a total of 1,594 marine transport vessels. Of these, there were only 40 container ships, accounting for 5 percent of total capacity. “This is the reason why our marine vessels run mainly on short-distance routes like Southeast and Northeast Asia and hold only 10 percent of … [Read more...] about Sea transport posts positive growth
Rolls-Royce nghiêm túc cân nhắc ra mắt xe điện
07:40 - 6/01/2018 (GMT+7) Lượt xem: 3 372 Bình luận: 0 Là một trong những hãng xe ra mắt concept xe điện từ khá sớm (chiếc 102EX từ năm 2011) nhưng phải cho tới bây giờ Rolls-Royce mới hé mở thêm thông tin về khả năng tham gia phân khúc này. Theo thanh viên ban lãnh đạo của tập đoàn BMW (chủ sở hữu thương hiệu Rolls-Royce hiện tại), ông Peter Schwarzenbauer, “không có nghi ngờ gì nữa, sớm hay muộn bạn cũng sẽ được tận mắt chứng kiến một dòng Rolls-Royce chạy điện”. Vị lãnh đạo cho biết nhiều khách hàng của Rolls-Royce … [Read more...] about Rolls-Royce nghiêm túc cân nhắc ra mắt xe điện