Car sales

VPBank is one of the leading banks in Việt Nam. — Photo courtesy of the bank HÀ NỘI — Global credit rating firm Moody’s Investors Services has upgraded Việt Nam Prosperity Bank (VPBank)’s foreign currency deposits from B1 to Ba3 which is equal to the country’s rating with positive outlook. Moody's BCA ratings reflect the independent intrinsic strength of the issuer. This credit rating is assessed based on the macro-environment, financial profile and qualitative assessment factors. In addition to upgrading the BCA rating, Moody's also upgraded VPBank’s long-term local and foreign currency deposit ratings, rising to Ba3. VPBank's credit rating was announced after the bank completed the sale of a 49 per cent stake at its VPBank Finance Company Limited (FE Credit) to SMBC Consumer Finance Co Ltd (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group, Inc (SMBC Group) at the end of October. Moody's assessed that the capital sale brought about a significant …

[Read more...] about Moody’s upgrades VPBank’s rating to Ba3

TV Audience in Vietnam will have chance to learn about Italian contemporary art through the short series “Contemporary Italy” that will broadcast on Vietnam Television VTV in early December. The four episodes of the “Contemporary Italy” short series, including the Metropoli, Open Air, Old and New, and Off Road, will be screened on channel VTV2 on Monday 6, Tuesday 7, Wednesday 8 and Thursday 9 of December at 11am and will be accessible on smartphones and tablets via the VTV Go app. The banner of the program. Photo courtesy of Italia Embassy in Vietnam Introduced by the Embassy of Italy to Vietnam on the occasion of 17th Italian Contemporary Day, the short film series is dedicated to show the landmarks of contemporary art in Italy. Italy is home to many museums and exhibition spaces of great beauty and innovation hosting works of artists from all over the world. Through this initiative with VTV, the Embassy of Italy aims at sharing with the Vietnamese public …

[Read more...] about Italian contemporary art films broadcast

Policemen and border guards at around 9:15 p.m. Wednesday arrested Van Ngoc Duc, 29, Tran Xuan Tam, 41 and Doan Tran, 49. Tran previously carried 11 kg of meth on a motorbike from Khe Sanh Town at Laos border to deliver it to Duc and Tam on a section of the National Highway 9 running through Cam Lo District, the Cong An TPHCM (HCMC Police) newspaper reported. Later at around 6 p.m. Thursday, authorities raided Tam’s residence in Quang Tri's Dong Ha Town and found 10 packets of white crystals, weighing around 10 kg. Tam said the crystals were meth. An investigation is ongoing. Vietnam has some of the world’s toughest drug laws. Those convicted of possessing or smuggling more than 600 grams of heroin or cocaine or over 2.5 kg of methamphetamine could face capital punishment. The production or sale of 100 grams of heroin or 300 grams of any other illegal substance is also punishable by death. …

[Read more...] about 21 kg of meth seized in central province

The Southern Region Hydro-Meteorological Center stated Friday the tides would most likely appear at 2-4 p.m. and 5-7 p.m. between Friday and Sunday. It said the impacts of the northeast monsoon would cause downstream water levels along the Dong Nai – Saigon river system to rise. The tide would peak within the next two days, staying at 1.73 meters, the highest level since the beginning of the year, according to the center. Tidal flooding should therefore be expected in districts 4, 7, 8, 12, and Thu Duc City. Early Friday, the highest tide level was measured at 1.72 meters at Nha Be Station in Nha Be District, flooding several streets including Tran Xuan Soan in District 7, Le Van Luong in Nha Be District, Ton That Thuyet in District 4, National Highway 50 in Binh Chanh District, and Quoc Huong, Nguyen Van Huong and Luong Dinh Cua in Thu Duc City. In early November, high tides along the Saigon River flooded many houses and streets in the city, causing cars to stall and …

[Read more...] about HCMC expects highest tides of the year

The first Unshu tangerines from Japan are on shelves at AEON supermarkets nationwide The first Unshu tangerines from Japan are now on the shelves of AEON Supermarkets nationwide. The press conference was attended by Japanese Ambassador to Vietnam Okabe Daisuke, deputy director of the Plant Protection Department under the Ministry of Agriculture and Rural Development Nguyen Quy Duong, and director of Jetro Hanoi Representative Office Keisuke Kobayashi, as well as representatives from AEON Vietnam. Nguyen Quy Duong, deputy director of Plant Protection Department under the Ministry of Agriculture and Rural Development shared: “Bringing Unshu tangerines to Vietnam is the result of the efforts of the governments, organisations as well as businesses, demonstrating the close relationship between the two countries and the development of Vietnam’s economy.” The representative of the Ministry of Agriculture and Rural Development, Japanese Ambassador to Vietnam, and …

[Read more...] about The first batch of Japanese Unshu tangerines arrive to AEON Vietnam

Sun Group record a "double" win at the Asia Pacific Enterprise Awards 2021 Onsen ecosystem - the great value that turns Quang Ninh into a leading wellness tourism destination Promoting construction with full legality, Metro Star heats up Thu Duc real estate market CapitaLand Development named ‘Best Sustainable Developer’ at 2021 PropertyGuru awards Vietnam Festival of Creativity Design 2021 ends on a high note The Covid-19 pandemic has forced the world's tourism industry to create "new rules of the game” with the rapid emergence of touchless-one-touch tourism, wellness tourism and single-destination multi-experience travel. Many destinations have achieved breakthroughs with such trends. Phu Quoc is a typical example in Vietnam. The island city is not only catching up with the times but also leading all three of these trends. Reach Phu Quoc with “touchless – one touch” application Touchless travel is a leading trend using technology to minimize …

[Read more...] about Phu Quoc leads the way in tourism recovery

Steelmaker Hoa Phat Group exported 914,000 tonnes of construction steel in the first 11 months of this year (Illustrative photo: hoaphat.com.vn) Hanoi (VNA) – Steelmaker Hoa Phat Group exported 914,000 tonnes of construction steel in the first 11 months of this year, a year-on-year surge of 90 percent. The figure is expected to surpass 1 million tonnes in 2021, doubling the amount recorded last year and making up nearly 30 percent of the steelmaker’s sales. In November alone, Hoa Phat shipped more than 100,000 tonnes of construction steel abroad, seeing a 2.3-fold increase year on year. The product was exported to 20 markets across the globe, primarily to Canada, Australia, Japan, the Republic of Korea and Cambodia. With a total capacity of 8 million tonnes a year, Hoa Phat Group is the largest steel producer in Vietnam as well as in Southeast Asia. The group is in the top 15 steel producers with the largest capitalisation in the world. In remaining months of …

[Read more...] about Hoa Phat enjoys strong export growth in first 11 months

The transaction floor of information, technology and equipment will officially open from November 25 at 24 Ly Thuong Kiet Street, Hoan Kiem District, in Hanoi and on Techmartvietnam.vn. The transaction platform of information technology and equipment at Techmartvietnam.vn Vu Anh Tuan, Deputy Director of the National Department of Science and Technology Information (Ministry of Science and Technology), said this exchange is an intermediary organization to connect technology supply and demand parties, commercialize research results, and support organizations and individuals to exhibit and promote transactions of science and technology products and goods, contributing to the development of the science and technology market of Vietnam. On November 25 to 27, the exchange will introduce databases of hundreds of technologies for sale on Techmartvietnam.vn; and the national database system on science and technology with hundreds of thousands of records on domestic and …

[Read more...] about Vietnam’s information, technology and equipment exchange to open this month

The market for “hand-carried” iPhones in Vietnam has been shrinking in the past two years, especially after the launch of Apple-authorized stores. A TopZone store in Ho Chi Minh City. (Photo: Hai Dang) Most recently, The Gioi Di Dong or Mobile World, a big retailer in Vietnam, has announced the TopZone chain, which provides only Apple products. This retailer has inaugurated the first four stores in the country's two largest cities – Hanoi and HCM City. It plans to open a total of 60 more stores in the first quarter of 2022. This is a model backed by Apple, which shows Apple’s plan to enhance its presence in Vietnam. Mobile World's TopZone is in the form of AAR (Apple Authorized Retailer) and APR (Apple Premium Retailer). Previously, AAR stores were often combined with tech supermarkets selling technology products of many different brands. Only APR stores specialize in selling Apple products, but the number of this type of store is very small in Vietnam, with …

[Read more...] about Apple takes steps to reduce “hand-carried” iPhone market in Vietnam

On October 22, sales of officially distributed iPhone 13 models began in Vietnam. Many shops opened overnight to serve customers. Vietnamese customers who pre-ordered iPhone 13 received their phones from 0:00 on October 22. This year, due to the impact of the Covid-19 epidemic, the sales and delivery of iPhone 13 is only available in some cities. Phone stores restricted the number of customers on the opening night. On October 22, Viettel Store chain opened the whole night in Hanoi and the northern port city of Hai Phong. In addition, more than 300 Viettel Store supermarkets across the country officially delivered iPhone 13 products from 7:30 am on October 22. Mobile World launched its TopZone chain, which only distributes Apple products, on October 22 and at the same time began delivering iPhone 13 to its customers. According to Doan Van Hieu Em - CEO of Mobile World Group, after more than two months of preparation, four TopZone stores were inaugurated in Ho Chi …

[Read more...] about Vietnam’s tech shops stay up all night selling iPhone 13