MB Securities Co's stock trading floor. Shares failed to rally yesterday on local stock exchanges. — VNS Photo Trương Vị HÀ NỘI — Shares failed to rally on Wednesday, partly affected by Morgan Stanley Capital International (MSCI)’s announcement that Việt Nam will not be included in the company’s watchlist for potential reclassification as an emerging market. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange slid 0.10 per cent to close at 959.13 points. About 252 million shares were traded on the southern bourse, worth VNĐ5.6 trillion (US$239.4 million). The index lost 0.28 per cent on Tuesday to close at 960.13 points. Việt Nam has once again missed the chance to break into MSCl’s reclassification watchlist for a potential status upgrade. The US-based global provider of equity, fixed income, hedge fund stock indices and multi-asset portfolio analysis tools on … [Read more...] about MSCI announcement pulls shares down
Alibaba’s hoax urban projects emerge in southern provinces
Heavily promoted fake housing projects According to Mr. Le Thanh My, Chairman of Nhon Trach District People's Committee, they have not given permission to Alibaba to construct any residential projects, yet those made-up ventures are still being sold online, the latest being the Ali Aqua Nhon Trach project. In Long Thanh district, where Long Thanh International Airport is to be established, Alibaba is also selling multiple residential projects named with their own brand. As of now, Alibaba is trying to sell 29 land projects, 27 of which are located in Long Thanh district. Upon discovering that the company was selling land lots in Xuan Loc commune, the district People's Committee had to force the dismantling of all enclosures and billboards around the area, while trying to make sure the same illegal tradings of land would not reoccur. Exploiting legal loopholes According to Dong Nai Department of Natural Resources and Environment, the 27 residential land projects being promoted in … [Read more...] about Alibaba’s hoax urban projects emerge in southern provinces
Business environment needs strong Gov’t actions: VBF 2019
An assembly line of home electronic appliances at LG Electronic Việt Nam in the port city of Hải Phòng. Experts say foreign organisations have urged the Vietnamese Government to make private firms central to the country’s economic development. — VNA/VNS Photo Lâm Khánh HÀ NỘI — The Vietnamese economy will grow faster if private companies thrive, but development should be sustained, transparent and secure, heard a meeting on Wednesday. The meeting, named Midterm Vietnam Business Forum 2019, was organised by the Ministry of Planning and Investment and the World Bank in Việt Nam. According to the European Chamber of Commerce in Việt Nam (EuroCham), Việt Nam is a very attractive destination for both domestic and foreign investors. Many European companies have chosen to come to Việt Nam and expanded their operation as much as they can. As global trade tensions have continued longer than expected, … [Read more...] about Business environment needs strong Gov’t actions: VBF 2019
Programme raises awareness about wild-animal protection
Murals to raise awareness about wild-animal protection and climate change in Da Nang, painted as part of the Wildlife Street Art Bus Tour programme. (Photo courtesy of CHANGE) HCM City (VNA) - The Wildlife Street Art Bus Tour programme is calling on residents in Ho Chi Minh City to take action and protect wild animals. The five-day programme includes mural painting and interactive activities between its organisers, local authorities and young people. Its aim is to encourage people to protect wild animals, especially elephants, rhinos and pangolins, and not to buy products made from them. The programme is organised by the Vietnamese NGO Centre of Hands-on Action, Networking for Growth and Environment (CHANGE), non-profit organisation WildAid, and many other sponsors. WildAid works to reduce global consumption of wildlife products and to increase local support for conservation efforts. HCM City is the … [Read more...] about Programme raises awareness about wild-animal protection
Bangkok to host Sister City Week 2019
The Bangkok Metropolitan Administration will hold the Sister City Week 2019 from June 27 to July 1 at the Bangkok Art and Culture Centre. (Photo: thainews.prd.go.th) Bangkok (NNT/VNA) - Deputy Governor of Bangkok Kriangyod Sudlapha said that the Bangkok Metropolitan Administration will hold the Sister City Week 2019 from June 27 to July 1 at the Bangkok Art and Culture Centre. A total of 35 cities around the world have been invited to participate as Bangkok’s sister cities. Of that total, 18 cities represented by 180 people have confirmed their participation; such as Seoul and Daegu in the Republic of Korea, Beijing, Shandong, Chengdu in China, Fukuoka and Aichi in Japan and Porto in Portugal. Relationships between those cities and Bangkok will be strengthened while talks will be held on topics of cooperation in the development and administration of cities. Besides, the event provides an opportunity for each of the invited cities to publicise its local art and culture … [Read more...] about Bangkok to host Sister City Week 2019