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Chairman of the Ho Chi Minh City People's Committee Phan Van Mai hosted a reception for Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry on August 11. He affirmed that the cooperation between HCM City and Singapore not only brings benefits to the city but also is an important factor contributing to the common development of Vietnam-Singapore relations. Along with potential fields such as smart city building, urban management and green economy, the city expects to strengthen collaboration and share experience in startup development, helping the city become an innovative start-up centre of the country and the region, the official said. He hoped that Singapore will share experience to improve the dialogue mechanism between the government and foreign businesses in a bid to remove difficulties in the investment process. The city leaders also pledge to create the most favourable conditions for Singaporean enterprises to do long-term business … [Read more...] about HCM City, Singapore enhance cooperation on human resources development

A worker checks products at a storage facility of Hoa Phat Group (HPG). The company's shares surged 2.4 per cent on Friday. — Photo hoaphat.com.vn Vietnamese shares finished the week higher, ending several days of sell-offs with a rebound fuelled by securities and steel stocks. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.82 per cent to close at 1,262.33 points. The VN-Index had lost 0.54 per cent in the last two days. More than 541.7 million shares worth VND13 trillion (US$555.7 million) were traded on the southern exchange. The market's breadth was positive with 273 stocks climbing, of which eight hit ceiling prices, while 166 declined. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.68 per cent, to 1,280.96 points. In the VN-30 index, gainers included Asia Commercial Bank (ACB), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), … [Read more...] about Shares finish week higher on the back of steel, securities sectors

According to the Ministry of Finance, the disbursement of the state budget capital as of the end of July stood at nearly $8.1 billion, accounting for 34.47 per cent of the yearly plan and a slight on-year reduction. Of this, one centrally-run agency and 11 localities reported disbursement at more than 50 per cent, 17 ministries and agencies have reported less than 10 per cent, and the remaining met the national average. Some major infrastructure projects are delayed and costs are only going to go up in that case, Le Toan Specifically, in Ho Chi Minh City, the disbursement of public investment in the first seven months accounted for about 15 per cent of the total allocated capital or almost $1.4 billion. This figure includes $108 million from the central budget and $1.28 billion from local funds. Many important works in the city have yet to expense anything, including one project for green traffic development, a water improvement initiative in the Tau Hu-Ben Nghe-Doi-Te … [Read more...] about Direction for disbursement tightened after mixed results

NEW YORK - FBI agents who searched former president Donald Trump's Florida home this week removed 11 sets of classified documents including some marked as top secret, the US Justice Department said on Friday (Aug 12) while also disclosing that prosecutors had probable cause to believe Trump may have violated the Espionage Act. The bombshell disclosures were made in a search warrant and accompanying legal documents released four days after FBI agents carried out the search of Trump's Mar-a-Lago residence in Palm Beach based on a warrant approved by a federal magistrate judge. The Espionage Act, one of three laws cited in the warrant application, dates to 1917 and makes it a crime to release information that could harm national security. Trump, in a statement on his social media platform, said the records at issue were "all declassified" and placed in "secure storage." "They didn't need to 'seize' anything. They could have had it anytime they wanted without playing politics and … [Read more...] about FBI seized top secret documents at Trump’s home; Espionage Act cited