Vinpearl to purchase 13.5m Nha Trang Port shares

Viet Nam’s total revenue from retail sales and services reached VND2.58 quadrillion (US$114.7 billion) in the first eight months of this year, a year on year increase of 10.3 per cent, reported the General Statistics Office (GSO).— Photo thoibaokinhdoanh.vn Viet Nam’s total revenue from retail sales and services reached VND2.58 quadrillion (US$114.7 billion) in the first eight months of this year, a year on year increase of 10.3 per cent, reported the General Statistics Office (GSO). The figure amounted to an 8.9 per cent increase, excluding the price factor, the highest rise recorded since the beginning of this year, said GSO domestic trade expert Vu Manh Ha, adding that the figure was also higher than 8.5 per cent growth of the same period last year. Ha attributed the growth in purchasing power to surges in demand for accommodation and catering services after high school graduation and university examinations as well in essential goods for the new school year which starts next month. Recovery in revenue from accommodation and catering services in four central provinces – Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue - after last year’s environmental disaster caused by Formosa also contributed to the retail sales increase, he said. From January to August, revenue of retail sales reached VND1.93 quadrillion ($86.1 billion), accounting for three quarters of total revenue, a yearly rise of 10.3 per cent. Sectors posting significant growth included textile and garments, up 14 per cent; equipment and…... [read more]

The total State budget collection hit upwards 623.2 trillion VND (27 billion USD) in the first eight months this year, meeting 64.4 percent of the yearly estimate and rising by 10.8 percent annually, reported the General Department of Taxation.  Of the figure, 30 trillion VND was from crude oil thanks to its higher prices, equivalent to 78.3 percent of the estimate and marking an 11.3 percent annual increase. The domestic revenue was estimated to rise 10.8 percent year-on-year to 593.3 trillion VND.  The central budget collection hit 275.7 trillion VND during the period, or 56.7 percent of the estimate and up 21.6 percent annually.  The department said up to 28 out of the 63 localities performed well in terms of the progress of the State budget collection, including Thai Nguyen, Lang Son, Ha Nam, Bac Giang, Bac Ninh, Gia Lai, Binh Dinh, Quang Ngai, Dak Lak, Phu Tho, Lao Cai, Lam Dong, Nam Dinh, Binh Phuoc, An Giang, Dak Nong, Da Nang, Kon Tum, Thanh Hoa, Tien Giang, Quang Binh, Tra Vinh, Bac Lieu, Quang Ninh, Binh Thuan, Khanh Hoa, Ben Tre, Long An.  The other 15 localities achieved average level in the effort and the remaining recorded low.  In order to fulfill State budget collection task this year, the department will continue drastically adopting measures set in the Government’s Resolution No.01/NQ-CP, the Prime Minister’s Decree No.14/CT-TTg, and the Finance Minister’s Decision No.33/QD-BTC, focusing on strengthening disciplines in State budget management and improving operating efficiency of tax agencies. VNA... [read more]

Illustrative image (Source: VNA)   Hanoi (VNA) – The total State budget collection hit upwards 623.2 trillion VND (27 billion USD) in the first eight months this year, meeting 64.4 percent of the yearly estimate and rising by 10.8 percent annually, reported the General Department of Taxation.  Of the figure, 30 trillion VND was from crude oil thanks to its higher prices, equivalent to 78.3 percent of the estimate and marking an 11.3 percent annual increase. The domestic revenue was estimated to rise 10.8 percent year-on-year to 593.3 trillion VND. The central budget collection hit 275.7 trillion VND during the period, or 56.7 percent of the estimate and up 21.6 percent annually. The department said up to 28 out of the 63 localities performed well in terms of the progress of the State budget collection, including Thai Nguyen, Lang Son, Ha Nam, Bac Giang, Bac Ninh, Gia Lai, Binh Dinh, Quang Ngai, Dak Lak, Phu Tho, Lao Cai, Lam Dong, Nam Dinh, Binh Phuoc, An Giang, Dak Nong, Da Nang, Kon Tum, Thanh Hoa, Tien Giang, Quang Binh, Tra Vinh, Bac Lieu, Quang Ninh, Binh Thuan, Khanh Hoa, Ben Tre, Long An. The other 15 localities achieved average level in the effort and the remaining recorded low. In order to fulfill State budget collection task this year, the department will continue drastically adopting measures set in the Government’s Resolution No.01/NQ-CP, the Prime Minister’s Decree No.14/CT-TTg, and the Finance …... [read more]

VietNamNet Bridge – Teaching and learning a foreign language is not easy.  If the teachers themselves began learning the language late in their lives, and if they learnt it from non-native speakers, the task becomes even more difficult. Illustrative image -- File photo That said, language has a very specific function at the basic level – to understand what other people are saying and to have others understand what you are saying. In this sense, a native accent is useful, but not a must. These aspects of learning and teaching came to mind as a result of strong reactions to a video posted recently by an American teacher of English in Viet Nam. The video, posted on YouTube, pointed out common mistakes in English pronunciation of some teachers and students at several English education centres in Ha Noi. The American invited his parents to be part of his video, asking them to listen to the Vietnamese teachers and students speaking in English to show if they could understand what was being said. With no previous experience of interacting with native Vietnamese speakers, the parents obviously had trouble understanding some sentences. For instance, when a young Vietnamese teacher asks his students, “How much does it cost?,” the mother heard, “How much that is cost” and the dad heard, “How much dice cups”. The American teacher said his aim in posting the video was to help the Vietnamese learn about weaknesses in their pronunciation, and to emphasise the significance of right pronunciation.…... [read more]

Vietnam's shipping group Vinalines are looking to keep holding at least 65 per cent of the chartered capital in large-scale seaports in Haiphong, Danang, and Saigon, which are considered geese that lay golden eggs. Having controlling rights over Vietnam's major seaports would help balance Vinalines' business operations Recently, Vinalines has proposed the Ministry of Transport (MoT) to authorise it to spend VND247.5 billion ($10.9 million) on buying 2.475 million of the 33 million additional shares Danang Port JSC put on sale to increase its chartered capital. This is the second time within one month that Vinalines has submitted the proposal to MoT, aiming to maintain its holding of 75 per cent stake in Danang Port after this company increased the chartered capital to VND990 billion ($43.79 million) from VND660 billion ($29.19 million). The two remaining ports where Vinalines wants to hold at least 65 per cent of the chartered capital in the period from now to 2020 are Haiphong Port with the chartered capital of VND3.27 trillion ($144.6 million) and Saigon Port with the chartered capital of VND2.16 trillion ($95.5 million). According to Le Anh Son, chairman of Vinalines, holding at least 65 per cent of the chartered capital in Vietnam’s key ports will ensure that Vinalines holds the controlling rights in these ports and contribute to balancing Vinalines’ business operations. Earlier, in late 2015, Vinalines equitised its 11 member companies. As of…... [read more]

Vinpearl Sky Wheel, the largest wheel of Viet Nam, becomes a new symbol of Nha Trang bay. — Photo Vingroup Property developer Vingroup JSC (Vingroup) officially launched its Sky Wheel, one of the 10 highest wheels in the world, at Vinpearl Land Nha Trang on Wednesday. With an impressive height of 120m, Vinpearl Sky Wheel has been recognised as Viet Nam’s largest wheel by the Guinness World Records, as large as the famous Melbourne Star (Australia) and Sky Dream Fukuoka (Japan), and is the latest attraction of Nha Trang Bay. Vinpearl Sky Wheel has 60 modern cabins, accommodating up to 480 passengers per turn. It is deployed by Intamin Amusement Rides, a company with 50 years of experience in creating thrill rides and roller coasters worldwide. Vinpearl Sky Wheel has 60 modern cabins, accommodating up to 480 passengers per turn. — Photo Vingroup From the top of Vinpearl Sky Wheel, visitors can experience excitement and overwhelming dazzling beauty, capturing the entire stunning landscape of one of the 29 most beautiful bays in the world. With a unique vision, Vinpearl Sky Wheel offers a wonderful experience that only exists in Nha Trang and is a special landmark among the impressive tourism projects of Viet Nam. Not only has it made a record in terms of size, Vinpearl Sky Wheel also breaks the record of completion time. In just an eight-month construction period, hundreds of steel frames were transported…... [read more]

  Illustrative photo (Source: AFP)   Khanh Hoa (VNA) – The 5th Vietnam-Japan defence policy dialogue took place in the south central province of Khanh Hoa’s Nha Trang city on August 30 under the co-chair of Deputy Defence Minister Sen. Lieut. Gen. Nguyen Chi Vinh and his Japanese counterpart Manabe Ro. At the dialogue, the two sides discussed world and regional issues of mutual concern and reviewed the outcomes of implementing cooperation contents reached at the previous event in Tokyo in November 2016. Both sides expressed their pleasure at progress in defence cooperation in the recent time as well as the activeness of Vietnamese and Japanese relevant agencies in deploying the agreed contents. In the coming time, the two sides agreed to continue strengthening partnership in various fields such as exchange of delegations at all levels, personnel training and sharing experience in UN peacekeeping activities and overcoming war aftermaths, including bomb and mine clearance and dioxin detoxification. They also agreed to work closely in cyber security, maritime security, defence industry and technology transfer. In addition, the officers also consented to create favourable conditions for defence units to conduct cooperation activities in the spheres of rescue, military medicine and exchange of information among strategic research agencies of the two defence ministries. Vinh stressed that the Party, State and People’s Army of Vietnam have paid great attention to dealing with the war consequences and are calling for support from the international community. Vietnam expected that…... [read more]

Van Don special economic zone in the northern province of Quang Ninh. — Photo qtv.vn The Ministry of Finance (MoF) has expressed its disagreement with certain incentive mechanisms for businesses and individuals working in special economic zones in three provinces. These mechanisms are stated in the recently-issued Draft Law on Special Administrative Economic Units. The Ministry of Planning and Investment (MPI) has prepared the law for submission to the Government and the National Assembly. Under the draft law, the MPI proposes many preferential policies on land and taxes to enhance the ability to attract investment capital, especially foreign-invested capital, in three special administrative -- economic units of Van Don in the northern province of Quang Ninh, Bac Van Phong in the southern province of Khanh Hoa and Phu Quoc in the southern province of Kien Giang. The MoF has objected to the draft’s Clause 3 of Article 16, which proposes regulations allowing domestic economic organisations and foreign-invested economic organisations to mortgage their assets attached to land at foreign credit institutions and be entitled to the transfer of land use right directly from an organisation or individual having land use right to implement an investment project as a domestic economic organisation. The ministry proposed that the MPI remove this incentive as mortgaged assets will be recovered by the credit institution and sold to recover the debt if the borrower cannot pay the debt. Thus, by allowing economic organisations to have land use right…... [read more]

A road project from V​an Y​en Commune’s resettlement area to eastern C​ai B​au island park in Qu​ang Ninh Province’s Van Don economic zone. (Photo: VNA) Hanoi (VNA) –Deputy Prime Minister Vuong Dinh Hue has asked ministries, agencies and localities to build strong institutions to help Van Don Special  Economic Zone retain investors, businesses and visitors. He made the request during his recent visit to the northern coastal province of Quang Ninh’s Van Don island district to inspect constructions. Van Don has attracted nearly 2 billion USD of domestic and foreign investors to build infrastructure in the past few years. Van Don Airport’s construction of a 3,600-metre runway has been almost finished after two years of construction. According to Sun Group, the project investor, the international airport is expected to be operational in the first quarter next year. Apart from airports and logistics port, Sun Group also invests in resorts and entertainment areas. Visiting Van Don, the Deputy Prime Minister emphasised the island’s unique position and its role in the development of the northern region. This area is located in the area of Vietnam - China economic cooperation, as part of the Gulf of Tonkin inter-regional cooperation and can also be a bridge between ASEAN and China. Van Don also has potential to build deep-water ports, which are located in Hai Phong-Quang Ninh-Fangcheng (China) international port complex. Despite being an isolated island, Van Don is connected with the Red River Delta (National Highways…... [read more]

The New York-based Institute for Vietnamese Culture and Education (IVCE) has called for donations to support poor students in rural villages of Quang Ngai and Lam Dong provinces for the new school-year. Copies of the Pattie De La Conchinchine, an 1827 map printed in the six-volume World Atlas (Atlas universel) by Belgium cartographer Phillippe Vandermaelen (1795-1869), set to be auctioned to raise funds for students in Quang Ngai and Lam Dong. President of the Institute, Tran Thang told Viet Nam News that they aim to raise VNĐ200 million (US$8,800) to support 200 students in the two provinces. He said the institute will present pens from former US President Barack Obama, his wife Michelle Obama and former Vice President Joe Biden. The American-Vietnamese man also said the institute will auction copies of the ancient map of Hoang Sa (Paracels), in the 1827-published maps of Phillipe Vandermaelen. Thang said each copy sized 40cm by 60cm will cost a donation of VNĐ1 million ($44.2), equal to a scholarship. The map, drawn by Philippe Vandermaelen, founder of the Belgium Royal Geographical Society, indicates that the central coast of Viet Nam stretched from the 12th parallel (in the area of what is now Khanh Hoa Province), to the 16th parallel (Quang Nam Province). IVCE, a New York non-profit organisation founded in 2000, aims to raise awareness about Vietnamese culture and expand the educational opportunities of Vietnamese students. It also promotes Vietnamese culture and education in the US and abroad. Donors can support at http://www.ivce.org/support.php.  VNS... [read more]




Links Topics : http://news.c10mt.com/2017/09/vinpearl-to-purchase-135m-nha-trang.html