Talk Vietnam

Foundation Engineering and Underground Construction JSC (FECON), a leading contractor in foundations and underground work in Vietnam, raised the foreign ownership limit (FOL) to 75 per cent as the premise for its plan to raise chartered capital in the coming period. Fecon lifts its FOL to 75 per cent State Security Commission of Vietnam (SSC) received all the necessary documents and recently approved Fecon’s new FOL as 75 per cent. Fecon’s leaders said that the new FOL will benefit the company and its shareholders in the long term. Fecon believes that thanks to the larger FOL, they can raise stock prices as well as liquidity for transactions, while at the same time raising capital may become easier. Increasing the FOL can be considered the first step for Fecon to prepare for its plan on … [Read more...]

In the largest office transaction in the Asia-Pacific this year, Singaporean real estate company CapitaLand purchased a landmark office tower for SGD2.09 billion ($1.55 billion). RELATED CONTENTS: CapitaLand wades deeper into Vietnamese commercial real estate Singapore property moguls move in CapitaLand breaks 22-year record with 11 Vietnam Property Awards PropertyGuru announces award finalists CapitaLand partners with internationally Acclaimed Feng Shui consultant Dato’ Joey Yap Ha Noi, HCM City world's most dynamic cities Vietnamese M&A property deals among Asia Pacific Top … [Read more...]

The 11th APEC Senior Disaster Management Officials’ Forum gathered to discuss and draw up solutions and exchange experiences in preventing and handling disasters. The 11th APEC Senior Disaster Management Officials’ Forum took place in Nghe An province (Photo: Tuoitre.vn) On September 21, 2017, the 11th APEC Senior Disaster Management Officials’ Forum, which was hosted by the Ministry of Agriculture and Rural Development (MARD) with the support of the APEC 2017 National Committee and the Nghe An People’s Committee, took place in Vinh city of Nghe An province. This meeting bore special relevance for the economies in the Asia-Pacific, as these areas frequently see heavy damage to human lives and property due to natural disasters. According to Hoang Van Thang, Deputy Minister … [Read more...]

Indian Ambassador to Vietnam Parvathaneni Harish made the evaluation at a seminar on prospects of bilateral ties held in Hanoi on September 21. He said the two countries elevated the bilateral relations to comprehensive strategic partnership during the official visit to Vietnam by Indian Prime Minister Narendra Modi in September 2016. India considers ASEAN the centre of its Act East policy and Vietnam is an important pillar in this policy, the diplomat said, adding that he believes in even brighter development prospects for the two nations’ partnership. President of the Vietnam Academy of Social Sciences Nguyen Quang Thuan said since Vietnam and India gained independence in 1945 and 1947 respectively, the bilateral ties have been continuously nurtured and developed to new heights. He noted that Indian Prime Minister Jawaharlal Nehru was the … [Read more...]

At the ground-breaking ceremony for Vietnam’s first aircraft engine parts factory, Hanwha Aero Engines. (Photo: vnexpress.vn) Hanoi (VNA) – A ground-breaking ceremony for Vietnam’s first aircraft engine parts factory, Hanwha Aero Engines, was held at the Hoa Lac High-tech Park in Hanoi on September 21. The nearly 97,000sq.m plant invested by Hanwha Techwin Co., Ltd from the Republic of Korea (RoK) has total investment of 200 million USD. The first facility is expected to become operational in next April and the construction of the two others will be completed in 2022. The project will generate jobs for 1,000 local labourers. Speaking at the ceremony, Minister of the Science and Technology Chu Ngoc Anh highlighted that the event is significant as the two countries are celebrating the 25th anniversary of diplomatic relations. Hanwha Techwin will create … [Read more...]

Airliners are required to provide meal and accommodation to passengers when their flights are delayed for more than six hours or cancelled, according to a new regulation issued by the Ministry of Transport. Beginning in November, airliners are required to provide meal and accommodation for passengers if their flights are delayed for more than six hours or cancelled The new circular, which will take effect on November 1, aims to protect the interests of passengers and requires airlines to improve the quality of their services in the situation of flight delay and cancellation. As per the circular, the airlines must provide information on the status of the flight to the airport authority and enterprises that provide services on the delay or cancellation of the trip. In case of delay, an interruption of 15 minutes or more of the flight schedule, the carriers have to inform the passengers, explain the reason, inform them … [Read more...]

The government decided to support infants and pregnant women in North Korea, citing a serious humanitarian crisis facing them, according to Seoul's unification ministry. It marked the resumption of aid after a hiatus of nearly two years. But Seoul said that it will later decide on the timing of an actual provision, apparently mindful of divided public opinion about assisting North Korea amid its provocations. "The government will weigh the timing of an aid provision and size after taking into account various factors such as inter-Korean situations," the ministry said in a statement. The move came amid concerns that Seoul's aid may compromise international efforts to pressure Pyongyang to give up its nuclear and missile programs. Whether or not to offer aid to Pyongyang is an issue sparking political repercussions in a country in which conservatives and liberals are sharply divided on how to deal with North Korea. The ministry said that the … [Read more...]

The Government and the PM issued 11 legal documents, including nine Decrees and two Decisions. Decree No. 92/2017/NĐ-CP amends and supplements  some articles of Decree No. 20/2008/ND-CP on receiving and handling individuals' and organizations' feedback and proposals on administrative regulations. The Decree ensures its compliance with the Law on Promulgation of Legal Documents and regulations of Decree No.50/2016/NĐ-CP stipulating the functions, tasks, rights and organization of the Government Office. It aims to create a legal foundation to effectively realize administrative procedure management and improve the effectiveness of the administrative reform and one-door mechanism. Decree No. 93/2017/ND-CP defines financial regimes for foreign credit institutions and bank branches and financial supervisory agencies, appraisal of state-investment efficiency in 100% state-owned credit institutions and credit institutions of which the State has stakes. It heads to … [Read more...]

VietNamNet Bridge - Thai products have been flooding the market, with Thai billionaires taking over a number of Vietnamese retail chains. On September 15, Minister of Industry and Trade Tran Tuan Anh chaired a meeting with key officials from departments to discover why there had been a sharp deficit increase in trade with Thailand. Analysts commented that the Ministry of Industry and Trade (MOIT) held an urgent meeting to ring the alarm over the trade deficit with Thailand. According to MOIT, in the first eight months of 2017, the total import/export turnover of the two countries was $9.64 billion, of which Vietnam exported $3.07 billion worth of products to Thailand and imported $6.57 billion from the country.  According to MOIT, in the first eight months of 2017, the total import/export turnover of the two countries was … [Read more...]

The biennial event, which was first held in Malaysia in 1985, acts as an important forum for chief judges, judges, and judicial officials in the region to meet and share experience to improve the efficiency of court operations. With the theme of strengthening the role of courts in boosting and improving jurisdiction principles, this year’s conference attracted the participation of 34 delegations from countries in the region.  It had six working sessions discussing measures to improve court functions and operations and the quality of human resources, increase public trust in the court system, and examining the efficiency of court operations along with the role of court in dealing with family-related conflicts. In the second session on increasing public trust in the court system, Vietnam’s Chief Judge of the Supreme People’s Court … [Read more...]