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Practical power direction can propel SOE fortunes At a seminar last week co-hosted by VIR and the Commission for the Management of State Capital at Enterprises (CMSC), Pham Van Son, head of the CMSC’s General Department, said that the 19 groups and corporations under it have undergone significant changes in the past few years. As of the end of 2022, the total consolidated ownership capital of these groups and corporations accounted for approximately 63 per cent of the total equity and 65 per cent of the total assets of state-owned enterprises (SOEs). “In comparison to 2018, the total consolidated equity increased from over $45.6 billion to more than $49.6 billion, and the total consolidated assets rose from over $98.5 billion to $103.8 billion. Key production and business indicators achieved annual growth,” he said. Notably, these 19 groups and corporations have received approval, implemented, and completed investments in 185 group A projects and 455 group B projects. Since … [Read more...] about Practical power direction can propel SOE fortunes

National Assembly (NA) Vice Chairman Nguyen Khac Dinh (sixth from left), Vice President of the Supreme Council of Kyrgyzstan Dzhamilia Isaeva (seventh from left), and other officials at the talks. (Photo: VNA) Hanoi (VNA) – National Assembly (NA) Vice Chairman Nguyen Khac Dinh paid a visit to Kyrgyzstan from September 29-30. Supreme Council of Kyrgyzstan Dzhamilia Isaeva, and met with representatives of leaders of the Supreme Council's Committees, Chairman of the Council of Ministers of Kyrgyzstan Akylbek Japarov, Chairman of the Kyrgyzstan-Vietnam Friendship Parliamentary B. Elvira, and representatives of the Vietnamese community in Kyrgyzstan. Kyrgyzstan wishes to strengthen cooperation, import and export of products and goods of Kyrgyzstan and Vietnam and with the EAEU. VNA … [Read more...] about NA Vice Chairman Nguyen Khac Dinh visits Kyrgyzstan

Keep updated on the latest news about Vietnam. Vietnam submits next World Heritage candidate to UNESCO The Chua Dong (Bronze Pagoda) on Yen Tu Mountain, Quang Ninh Province. Photo: Truong Giang/The Hanoi Times Vietnam will submit to UNESCO by December 31 to inscribe the Yen Tu-Vinh Nghiem-Con Son-Kiep Bac Relic Complex as a World Heritage Site. The International Council on Monuments and Sites (ICOMOS) will assist Vietnam in reviewing the profile and making changes if necessary. The relic complex covers three northern provinces of Quang Ninh, Hai Duong, and Bac Giang. It is an irreplaceable link in the network of Truc Lam Buddhism, which took root in Vietnam in the 13th century and became the national religion. Vietnamese students studying in Italy welcomed The Vietnamese Embassy and the Vietnamese Students' Association in Italy held a ceremony last weekend to welcome Vietnamese students studying in the southern European country. At the event, the … [Read more...] about Vietnam news in brief – October 2

Experts address the obstacles the city faces in developing a green and environmentally friendly metropolis in its planning orientation for 2021-2030. Hanoi authorities are collecting feedback on the city's future urban design and development. Experts and academics spoke to The Hanoi Times about the plan. The main issues focus on developing cultural industries, green spaces and satellite cities. Pham Bich Huyen, Lecturer, Hanoi University of Culture: The creative industry, or orange economy, works on human intelligence to create comprehensive value in terms of economy, culture, society, and environment. As the cultural sector emphasizes innovation and humanity, many nations have recognized it as the key to long-term socio-economic prosperity. This makes the cultural industry an inexhaustible source of strength that has not been fully tapped. Once cultural industry is developed, its potentials will be enhanced at the highest level and it will create the best value … [Read more...] about Experts name urgent matters for Hanoi’s planning (Part 1)

The man, identified only as LS, who entered with a visa on arrival, is also banned from returning to Bali for six months, the Indonesian National Police said at a press briefing. On September 9 he was found engaging in sexual activities with a woman in front of a house in the Seminyak area. They were caught on a security camera, and local police identified him and took action. They arrested him on September 23 and transferred him to Ngurah Rai Immigration for deportation. He told the police he had met a local woman at a club and they decided to find a hotel to have sex. But they evidently could not wait to reach a hotel. This year 227 foreign nationals have been deported from Bali for various offenses, including overstaying their visas and involvement in criminal activities. … [Read more...] about Italian tourist deported from Bali for having sex in public

Authorities in the district confirmed some South Korean travel agencies have contacted with local administration to survey the opening of scuba diving tours on Thanh Lan, the largest island in the district. Covering 27 square kilometers, Thanh Lan is home to 1,200 residents who mainly earn their living by fishing. On the island there are currently seven accommodation facilities with 100 rooms. To move around the island, tourists can rent a motorbike for VND200,000 (US$8) a day. In addition to scuba diving, South Korean businesses also want to open tours for tourists to experience fishing and explore mangrove forests in Van Don and Ha Long, instead of only cruise tours. Since Vietnam reopened its borders to foreign tourists in March last year, South Korea has become the Southeast Asian nation’s largest source of tourist arrivals. In the first nine months of this year, Vietnam welcomed over 2.5 million South Koreans. … [Read more...] about South Korean firms seek to open diving tours at Vietnamese island

The deal is set to boost competition in Vietnam's retail market, as rapid urbanization draws domestic and foreign investors looking to expand or gain a foothold in the country of 100 million. Proceeds will go to strengthen Masan's financial position, said the fast-moving consumer goods firm, which runs more than 3,200 supermarkets and minimarts in the southeast Asian nation. "Masan has the right fundamentals, reach, and growth strategy to succeed in a high-growth and compelling consumer market," Bain partner Barnaby Lyons said in the joint statement. The investment would be in the form of convertible dividend preference shares priced at 85,000 dong ($3.50) each, which can be converted into ordinary shares in a one-for-one ratio, Masan added. "We look forward to working with Bain to accelerate our vision to be the one-stop shop for consumer daily needs," its chief executive, Danny Le, said in the statement. Last week Reuters reported that Singapore's sovereign wealth fund, … [Read more...] about Bain Capital invests $200 mln in Vietnam conglomerate Masan

Chinese actress Angelbaby. Photo from Angelababy’s Weibo Though the Chinese actress did not upload photos of herself at the venue, many fellow attendees filmed her arriving at the cabaret, while the cabaret’s official social media accounts also shared photos of her attending one of the Blackpink star’s strip dance performances, reported Yahoo News on Sunday. According to insiders, Angelababy allegedly violated the Chinese authorities’ regulations, which state that entertainment industry workers are banned from organizing, attending, or promoting sexually related activities. Strip dance is classified as such in China. The actress’ account on Chinese social media platform Weibo has subsequently been flooded with attacks from the public. "She [Angelababy] always does what she is not supposed to do at sensitive times," a netizen wrote. "She should have known that strip dancing is against the Chinese laws." China Central Television , a Chinese national television … [Read more...] about Angelababy target of boycott after watching Blackpink Lisa’s strip club performance

Nguyen Thi Tuoi, a 64-year-old woman living in the district, recently finished a five-story building with 41 rooms for rent after a year of construction. In order to meet the high standards of renters, she decided to fully furnish the rooms with beds, closets, desks, chairs, air conditioners, and private bathrooms. She also installed a fire alarm system that is up to standards inside the building. She plans to fix the price of rent at VND3 million (US$123) per month. The idea of starting a rental business came to her at the beginning of 2022, when she saw that there was high demand from students of FPT University and Vietnam National University Hanoi, especially because many nearby rentals were nearly full. The five-story building with 41 fully furnished rooms belonging to Tuoi’s family in Hanoi's Thach That District, the morning of Sept. 12, 2023. Photo by VnExpress/ Quynh Nguyen "My family had a few hundred square meters plot of land right next to the road, near … [Read more...] about Hanoi’s student apartments ‘hungry’ for tenants

Sedona Suites Ho Chi Minh City creates ultimate venue for business and leisure It is the preferred choice for discerning travellers, providing an ideal location, extensive facilities, and a commitment to excellence. Located in the heart of Ho Chi Minh City, Sedona Suites boasts an enviable address that puts guests at the centre of the action. With a plethora of on-site dining options and a Saigon Centre mall right at your doorstep, the culinary delights of Vietnam are just a few steps away. Owning such a prime location where convenience meets quiet luxury, whether it's shopping, dining, or experiencing the local culture, it offers the ideal starting point for your adventure.The property seamlessly caters to both short-stay and long-stay guests. Its suites are thoughtfully designed to meet the needs of all guests, whether you're here for a brief visit or an extended stay. You'll find all the amenities and services necessary for a comfortable and productive stay. Additionally, … [Read more...] about Sedona Suites Ho Chi Minh City creates ultimate venue for business and leisure