Vietjet, Japan Airlines form partnership

The authorities of Binh Thuan Province has suggested building sea embankments from the mud that was supposed to be dumped into the sea to construct the Vinh Tan 1 Coal Power Plant. Binh Thuan Party Secretary Nguyen Manh Hung said after the Ministry of Natural Resources and Environment gave its approval to dump nearly 1 million cubic metres into the sea near Hon Cau Marine Protected Area, it has faced large opposition from locals and scientists. It had asked for directives from the Secretariat, Central Economic Commission and Central Party Office. The provincial authorities were also notified that the Power Generation Corporation 3 was asking to dump 2.4 million cubic metres of "stuff" into the sea. Hung said, "We then proposed to use the mud to build embankments to fight erosion and sea encroachment. We want to deal with this properly, objectively and scientifically. We have reported to the prime minister and concerned agencies." He went on to say that by building embankments, the substances will be "locked" in one place. Nguyen Tac An, vice head of Vietnam Marine Science and Technology Association, and Nguyen Huu Quy, chairman of Binh Thuan's Nature and Environment Protection Association agreed that mud and sand can be used in sea encroaching and artificial island projects. "The encroachment projects must be located far from the estuaries, aqua-farms and areas with busy economic and tourism activities. Our foremost concerns about the power plant right now are pollution caused by emission, coal slag and discharged water. Vietnam…... [read more]

The 4th workshop and exhibition on supporting industries - Samsung Sourcing Fair 2017 was held today in the northern province of Bac Ninh by Samsung Electronics Vietnam in association with the Ministry of Industry and Trade to connect domestic component suppliers to participate in Samsung’s global supply chain.   Visitors at Samsung Sourcing Fair 2017 Samsung Sourcing Fair 2017 has recorded transformation in quality with the participation and exhibitions of 26 enterprises which are expected to act as core agents to promote the development of supporting industries in Vietnam. 15 of the 26 participating enterprises were newcomers with great potential, nominated by the ministries and business associations. Speaking at the event, Samsung Vietnam Complex president Shim Won Hwan said this kind of exhibitions on supporting industries is considered the first official connection between Samsung and Vietnamese enterprises, in a series of activities supporting Vietnamese suppliers. “Enthusiastic participation along with the great determination of potential businesses in this 4th event gave us the impetus to continue implementing practical activities to help them improve their production and enhance their competitiveness. They will play a very important role as the core agents to turn individual gains into the general development of the Vietnamese supporting industries,” said Hwan. After the event, Samsung plans to provide consultancy services to help these enterprises improve their production processes and reach Samsung’s standards to supply products and components for Samsung Vietnam’s…... [read more]

VietNamNet Bridge – Twenty-one students from the Ha Noi-based London College for Design and Fashion (LCDF) will display their graduate collections here between August 3 and 5. Dark and stormy: A design from the collection "Bewitchment" by Dang Viet Tung, which incorporates dark colours, symbolic motifs and applique on silhouettes aimed at bold and fearless women from Europe and America. Dubbed “The Innovators”, the graduates will introduce their creative and trendy fashion designs. The fashion exhibition will take place at 3pm, August 3, at the college campus, 98 To Ngoc Van Street while the show will be organised at 7.30pm, August 4 and 5, at Melia Hanoi Hotel, 44B Ly Thuong Kiet Street. The students chose their own topic for their creations, like Le Anh Chi’s "Roman Holiday", a collection inspired from her memory of a holiday in Rome, or Nguyen Minh Trang’s “The Abandoned” collection, inspired by abandoned amusement parks. “The highlight of this year’s collections is most certainly our graduates’ ability to be experimental and dynamic with both colour and unique silhouette structures,” said Donna Bramhall, a lecturer of the graduates. “New approaches to the design process this year focused on the development and exploration of concept research by encouraging more observational drawing, mixed media and sampling that would in turn be directly used to create more innovative and unique silhouettes, textures, and textiles," she said. Metallics, laser cutting, 3D embellishment techniques and digital printing on diverse and sculptural silhouettes are seen as the key strengths of this…... [read more]

ABAC Vietnam Chairman Hoang Van Dung (Photo: VNA) Toronto (VNA) – Participants in the third meeting of the APEC Business Advisory Council (ABAC III) took part in various roundtable discussions and symposiums on July 25, the event’s second working day, focusing on finance and business development in the era of innovation and digitalisation. Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared experience and put forth numerous proposals.  Most of them stressed the role of financial resources, public-private partnership and application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future. Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impacts of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets. The Industry 4.0 will also help them optimise comparative advantages, deal with trade barriers and produce goods at lower expenses.  However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the building of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added ABAC also wants to set up programmes on…... [read more]

CAME President Fabian Tarrio speaks at the event (Source: VNA) Buenos Aires (VNA) – The Embassy of Vietnam in Argentina and the Argentinean Confederation of Medium Enterprises (CAME) jointly held a business workshop in the country’s capital city of Buenos Aires on July 25. The event saw the participation of 60 enterprises from the two nations. Addressing the opening ceremony, CAME President Fabian Tarrio highlighted Vietnam’s potential and room for trade exchanges between the two nations, expressing his hope that CAME will become a bridge to connect the two sides’ enterprises, contributing to raising their bilateral trade value. For his part, Vietnamese Ambassador Dang Xuan Dung underlined the remarkable growth rate of 20 percent on average during 2012-2016 of the economic–trade relations between Vietnam and Argentina since the Vietnam – Argentina comprehensive partnership was established in 2010. He noted that Argentina is one of the most important partners of Vietnam in Latin America. According to the Ambassador, the 45th anniversary of the diplomatic ties in 2018 will be an important milestone in the long-term comprehensive cooperation between the two nations. He suggested the two sides play a more active role in the Association of the Southeast Asian Nations (ASEAN) and the South America’s Trade Bloc MERCOSUR, in order to help each other enter the market in those two regions. Tran Duy Dong, Director of the America Market Department under the Ministry of Industry and Trade said Argentina is a potential market for Vietnamese key exports such as footwear,…... [read more]

A branch of the MB Securities Joint Stock Company in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - Leaders of qualified State-owned enterprises (SOEs) will face demotions, salary cuts, fines and even criminal charges if they fail or delay listing on the Unlisted Public Company Market (UPCoM). These are some of the drastic measures being considered by the Ministry of Finance (MoF) and the Government Office (GO) as part of efforts to speed up equitisation and induce more transparency into the process. Deputy Prime Minister Vuong Dinh Hue has also instructed the MoF and GO to investigate and hand out stiff punishments to businesses and commercial banks that do not finalise the procedures despite being qualified to list on the UPCoM. The MoF will compile a list of equitised SOEs where the State still retains 36 percent or more of its stake, as well as those with zero to 36 percent of State capital, though the decision for the latter to become listed is contingent on the company’s shareholders. In the last six months of 2017, any enterprise tardy about going public on the UPCoM will be heavily fined under Circular 36/2017/TT-BTC which has been in effect since June 15, 2017. Companies failing to list or register 12 months later than requested by the State Securities Commission of Vietnam will attract fines of  300 million VND to 400 million VND (13,342 USD to 17,790 USD). The MoF has also asked the Government and responsible…... [read more]

The Vietnam Farm and Food Expo introduces outstanding agricultural products, food, and plant varieties of different localities across the country, while the Vietnam Agritech Expo features the latest machineries, equipment and production chains serving agricultural activities. The events are considered the venue for both input and output of Vietnam’s agricultural sector. Visitors at the trade event  Opening the events, Nguyen Phuoc Hung, Vice President of the Ho Chi Minh City Business Association said that the annual exhibitions aim to promote the application of science and technology to improve productivity and quality in agricultural production, while seeking markets for Vietnamese farm produces. Hung held that this is a good chance for agricultural firms to introduce and promote their products, and form production-supply chains. Within the framework of the events, the organising board will coordinate with the Department of Agriculture and Rural Development of the Mekong Delta province of Vinh Long to hold a conference on strengthening links for selling farm produces in Vinh Long, in which Vinh Long will introduce its agricultural development potential, especially its fruits for export. Nguyen Van Liem, Vice Director of the Vinh Long Department of Agriculture and Rural Development said that he hopes through the exhibitions, the province will find out additional distribution channels for its products, thus boosting the sustainable growth of the local agricultural sector. The events will run until July 28. Source: VNA... [read more]

Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared experience and put forth numerous proposals. Most of them stressed the role of financial resources, public-private partnership and application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future.  Delegates at the meeting Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impacts of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets. The Industry 4.0 will also help them optimise comparative advantages, deal with trade barriers and produce goods at lower expenses. However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the building of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added ABAC also wants to set up programs on building MSMEs’ online and offline e-commerce capacity. At a roundtable discussion on expanding trans-Pacific infrastructure investment opportunities, participants said many governments are facing financial problems while the infrastructure investment demand is forecast to rise to about 5 trillion USD each year from now to 2030. The Asian…... [read more]

Addressing the event, Ambassador Ibnu Hadi said that the relations between Vietnam and Indonesia have been growing. In 2016, two-way trade reached 5.6 billion USD, he noted, added that the two sides agreed to lift up the figure to 10 billion USD in 2018.  Photo for illustration Vietnam mostly exported to Indonesia telephones, iron, steel, machineries, equipment, rice, computer, electronics and spare parts, garment, leather and footwear materials, vehicles, plastics and plastic material. The ambassador said that last year, paper was the third largest goods that Indonesia exported to Vietnam with revenue of 181 million USD, followed by animal and plant oil with 161 million USD. In order to beef up the Vietnam-Indonesia cooperation, especially when the ASEAN Community has been formed and the region has experienced many significant changes, the two sides should increase the exchange of information and investment promotion as well as the connection among businesses, thus improving the competitiveness of ASEAN enterprises, he said. Meanwhile, Pham Quoc Manh, public relations official of the Indonesian Embassy said that last year, Indonesia ranked 14th in the worth in terms of export of paper, mostly printing paper, with revenue of 3.2 billion USD. Indonesia is also the world top exporter of palm oil as the country provides 36 million tons out of total 56 million tons exported by countries around the world, or 62 percent, he added. At the event, Indonesian Embassy officials also shared information on cooperation…... [read more]

The HCMC Taxation Department has recently announced the list of 209 tax debt businesses comprising real estate companies, who are investors of apartment blocks where dwellers have long waited for ownership certificate granting. Among them, Khang Gia Investment and Development Real Estate Company has been in tax arrears of VND2.3 billion since 2016. In May 2014, Khang Gia handed over 338 apartments to customers at Khang Gia Tan Huong apartment block at 377 Tan Huong, Tan Phu district. For the last three years, dwellers have lived with incomplete exit ways, no ownership certificates and no management boards. The HCMC Department of Construction’s inspectorate in August last year inspected, penalized the company VND45 million for illegal construction and asked the company to demolish all illegal works. Specifically, the company on its own built 61 apartments in the ground floor, mezzanine and the second floor of the apartment block, where have been licensed for commerce, service, kindergarten and swimming pool. Of the illegally built apartments, two measure only 15 square meters each. Khang Gia Go Vap apartment block in Go Vap has neither management board nor ownership certificates for 600 commercial apartments there. The investor has built gym and yoga rooms in the area meant for a park and been strongly opposed by dwellers. Therefore, it has dismantled these works, leaving a sleazy site. Through disputes and complains, the HCMC Department of Construction said that investors of 20 apartment blocks have slowly done procedures to get ownership certificates for apartment buyers. Many…... [read more]




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